302 S 4th Ave · Streator, IL 61364

$139,900

5 bd · 2.0 ba · 1,638 sqft · SingleFamily public records · 23 Days on market

Built 1880 3,920 sqft lot Est $161k · 13% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.1/30.0
• ARV discount +13.3/15.0
• DSCR +8.8/10.0
• 1% rule +7.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious and versatile 2 story 5 bedroom, 2 bathroom home located on a desirable corner lot. With an ideal layout offering separate living spaces on both levels, this home is perfect for single or multi-family options. The main level highlights a generously sized living room featuring an electric fireplace, a bright and roomy kitchen with ample dining space and adjoined by a large pantry for added convenience, 3 comfortable bedrooms, a full bathroom with a walk-in shower, and main-level laundry. The second level features a second, fully equipped kitchen with a walk-in pantry, 2 additional bedrooms, and a full bathroom. Additional interior highlights include hardwood floors, built-ins, and an unfinished basement. Outside you find 2 covered porches, a concrete driveway, and an attached carport. Experience the charm and opportunity this home provides!

Key facts

• Separate entrance
• Full kitchen
• Single family unit

Tags

• SINGLE FAMILY UNIT
• MULTIGENERATIONAL HOME
• FULL INVESTMENT PROPERTY
• OWNER-OCCUPIED WITH A RENTAL
• FULL KITCHEN
• SEPARATE ENTRANCE

Property features AI

Finance

• Other: Parcel number 3239118013
• HOA & community: No master association fee required

Exterior

• Parking: 2 total parking spaces
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Two-story; Fee simple ownership; Built before 1978; School bus service available
• Construction: Concrete construction materials
• Exterior features: Corner lot (lot dimensions approximately 50 x 75); Less than 0.25 acre

Interior

• Kitchen: Kitchen on main level (approximately 11 x 12)
• Bedrooms: 5 bedrooms (master bedroom on main level); Bedroom dimensions include 9 x 13 (master), 12 x 9, 10 x 11, 10 x 8, 8 x 13
• Flooring: Luxury vinyl flooring in living room
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Unfinished full basement; 8 total rooms
• Laundry & utility: Main-level laundry (approximately 5 x 5)

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $352 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#752 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: amenities F, commute F, employment F.
• Streator Twp Hsd 40 (town): math 11% / reading 19% proficiency, ranked #513 of 620 in IL (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Streator Twp High School (math 11% / reading 19%, grade F, #462 of 693 statewide, top 68%, 809 students, 0% FRL).
• Market conditions: 87 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 82 units permitted in LaSalle County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• LaSalle County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $9k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $140k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1880 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.21% ✓
• Cap rate: 9.31%
• Cash-on-cash: 10.78%
• DSCR: 1.48
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $160,524
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 S 3rd Ave	0.12mi	5/2.5	1,400 (-14%)	16mo	$140,000	$100	55
110 Lasalle St	0.61mi	4/2.0 (-1)	1,752 (+7%)	12mo	$155,000	$88	45
402 W Morrell St	0.73mi	4/1.5 (-1)	1,626 (-1%)	21mo	$159,000	$98	40
312 W Morrell St	0.74mi	4/2.0 (-1)	1,408 (-14%)	19mo	$137,000	$97	21

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-217
• Equity at exit: $20,860

10-year hold

• IRR: 9.5%
• Equity multiple: 1.74×
• Total profit: $28,833
• Equity at exit: $12,096

Cash invested: $39,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61364

• Home prices YoY: -31.1%
• Active inventory: 87
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,699 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$199 /mo · $2,383/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $352

Break-even live

Break-even rent $1,254

Max offer price $139,900

Occupancy floor 74%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
514 Lundy St Streator, IL	4.0	1.5	1300	$1,700	$1.31	7d	1	1.03mi

Listing history 33 events

1. 2026-06-19
   days on market $139,900 Active 23 DOM
2. 2026-06-18
   days on market $139,900 Active 22 DOM
3. 2026-06-17
   days on market $139,900 Active 21 DOM
4. 2026-06-16
   days on market $139,900 Active 20 DOM
5. 2026-06-15
   pricedays on market $139,900 Active 19 DOM
6. 2026-06-14
   days on market $149,000 Active 17 DOM
7. 2026-06-12
   days on market $149,000 Active 16 DOM
8. 2026-06-09
   days on market $149,000 Active 13 DOM
9. 2026-06-08
   days on market $149,000 Active 12 DOM
10. 2026-06-07
    days on market $149,000 Active 11 DOM
11. 2026-06-05
    days on market $149,000 Active 8 DOM
12. 2026-06-03
    days on market $149,000 Active 7 DOM
13. 2026-06-02
    days on market $149,000 Active 6 DOM
14. 2026-06-01
    days on market $149,000 Active 5 DOM
15. 2026-05-31
    days on market $149,000 Active 4 DOM
16. 2026-05-30
    days on market $149,000 Active 3 DOM
17. 2026-05-27
    listed $149,000 Active
18. 2025-07-09
    soldstatus $80,000
19. 2025-07-07
    soldstatus $80,000 Closed 860-char remark

    Show marketing remark (860 chars)

    Spacious and versatile 2 story 5 bedroom, 2 bathroom home located on a desirable corner lot. With an ideal layout offering separate living spaces on both levels, this home is perfect for single or multi-family options. The main level highlights a generously sized living room featuring an electric fireplace, a bright and roomy kitchen with ample dining space and adjoined by a large pantry for added convenience, 3 comfortable bedrooms, a full bathroom with a walk-in shower, and main-level laundry. The second level features a second, fully equipped kitchen with a walk-in pantry, 2 additional bedrooms, and a full bathroom. Additional interior highlights include hardwood floors, built-ins, and an unfinished basement. Outside you find 2 covered porches, a concrete driveway, and an attached carport. Experience the charm and opportunity this home provides!

20. 2025-06-18
    status Pending 860-char remark

    Show marketing remark (860 chars)

    Spacious and versatile 2 story 5 bedroom, 2 bathroom home located on a desirable corner lot. With an ideal layout offering separate living spaces on both levels, this home is perfect for single or multi-family options. The main level highlights a generously sized living room featuring an electric fireplace, a bright and roomy kitchen with ample dining space and adjoined by a large pantry for added convenience, 3 comfortable bedrooms, a full bathroom with a walk-in shower, and main-level laundry. The second level features a second, fully equipped kitchen with a walk-in pantry, 2 additional bedrooms, and a full bathroom. Additional interior highlights include hardwood floors, built-ins, and an unfinished basement. Outside you find 2 covered porches, a concrete driveway, and an attached carport. Experience the charm and opportunity this home provides!

21. 2025-06-10
    price $106,500 860-char remark

    Show marketing remark (860 chars)

    Spacious and versatile 2 story 5 bedroom, 2 bathroom home located on a desirable corner lot. With an ideal layout offering separate living spaces on both levels, this home is perfect for single or multi-family options. The main level highlights a generously sized living room featuring an electric fireplace, a bright and roomy kitchen with ample dining space and adjoined by a large pantry for added convenience, 3 comfortable bedrooms, a full bathroom with a walk-in shower, and main-level laundry. The second level features a second, fully equipped kitchen with a walk-in pantry, 2 additional bedrooms, and a full bathroom. Additional interior highlights include hardwood floors, built-ins, and an unfinished basement. Outside you find 2 covered porches, a concrete driveway, and an attached carport. Experience the charm and opportunity this home provides!

22. 2025-05-27
    price $109,000 860-char remark

    Show marketing remark (860 chars)

    Spacious and versatile 2 story 5 bedroom, 2 bathroom home located on a desirable corner lot. With an ideal layout offering separate living spaces on both levels, this home is perfect for single or multi-family options. The main level highlights a generously sized living room featuring an electric fireplace, a bright and roomy kitchen with ample dining space and adjoined by a large pantry for added convenience, 3 comfortable bedrooms, a full bathroom with a walk-in shower, and main-level laundry. The second level features a second, fully equipped kitchen with a walk-in pantry, 2 additional bedrooms, and a full bathroom. Additional interior highlights include hardwood floors, built-ins, and an unfinished basement. Outside you find 2 covered porches, a concrete driveway, and an attached carport. Experience the charm and opportunity this home provides!

23. 2025-05-12
    listed $115,000 Active 860-char remark

    Show marketing remark (860 chars)

    Spacious and versatile 2 story 5 bedroom, 2 bathroom home located on a desirable corner lot. With an ideal layout offering separate living spaces on both levels, this home is perfect for single or multi-family options. The main level highlights a generously sized living room featuring an electric fireplace, a bright and roomy kitchen with ample dining space and adjoined by a large pantry for added convenience, 3 comfortable bedrooms, a full bathroom with a walk-in shower, and main-level laundry. The second level features a second, fully equipped kitchen with a walk-in pantry, 2 additional bedrooms, and a full bathroom. Additional interior highlights include hardwood floors, built-ins, and an unfinished basement. Outside you find 2 covered porches, a concrete driveway, and an attached carport. Experience the charm and opportunity this home provides!

24. 2024-03-25
    historical
25. 2024-03-12
    price
26. 2024-01-13
    price
27. 2023-10-30
    price
28. 2023-08-22
    listed Active
29. 2021-09-21
    soldstatus $48,000 Closed
30. 2021-09-21
    soldstatus $48,000
31. 2021-09-16
    status Pending
32. 2021-08-29
    status Active Under Contract
33. 2021-08-12
    listed $53,500 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $2,383 · $199/mo
• Projected year-2 tax: $2,779 · $232/mo
• Expected delta: +$396/yr (+$33/mo · 16.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,391
• − Mortgage interest: −$7,837
• − Property taxes: −$2,383
• − Insurance: −$700
• − Repairs & maintenance: −$1,631
• − Management: −$1,631
• − Depreciation: −$4,070
• Taxable income: $2,140
• Est. tax owed @ 24.0%: −$514
• After-tax cash flow: $3,709/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Streator Twp Hsd 40
• NCES district ID: 1738100
• Math proficiency: 11% ▼ -4.00%
• Reading proficiency: 19% ▼ -1.00%
• Median HH income: $43,002
• Composite: 13.07/100
• National rank: #9561
• State rank: #513 of 620 in IL

Livability — Streator

• Score: 63/100
• State rank: #752
• US rank: #15266

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment F Housing B+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Streator, IL
• County: La Salle County · 41,676 people
• City population: 17,963
• Metro: Ottawa, IL
• Population (ZIP): 17,963
• Household income: $59,060
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 450.0

Population outlook (LaSalle County) Hauer SSP2

• Today (2025): 107,080 people
• By 2030: 104,196 · -2.7%
• By 2040: 97,413 · -9.0%
• By 2050: 90,294 · -15.7%
• By 2075: 76,252 · -28.8%
• By 2100: 61,339 · -42.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 11% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · LaSalle

• 2024 margin: R (+18.5) · D 40.1% · R 58.6% · Other 1.3%
• 2008→2024 swing: -29.6pp toward R · 2008: 11.1pp · 2024: -18.5pp
• All cycles: 2024: R+18.5 2020: R+14.3 2016: R+14.4 2012: R+0.4 2008: D+11.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.28%
• Current HPI: 233.5533
• Rent YoY: —
• Metro: Ottawa, IL
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+178.5% since first listed

17 events — show timeline

• 2026-05-27 Listed $149,000 MRED as Distributed by MLS Grid
• 2025-07-09 Sold (Public Records) $80,000 Public Records
• 2025-07-07 Sold (MLS) $80,000 MRED as Distributed by MLS Grid
• 2025-06-18 Pending — MRED as Distributed by MLS Grid
• 2025-06-10 Price Changed $106,500 MRED as Distributed by MLS Grid
• 2025-05-27 Price Changed $109,000 MRED as Distributed by MLS Grid
• 2025-05-12 Listed $115,000 MRED as Distributed by MLS Grid
• 2024-03-25 Listing Removed — MRED as Distributed by MLS Grid
• 2024-03-12 Price Changed — MRED as Distributed by MLS Grid
• 2024-01-13 Price Changed — MRED as Distributed by MLS Grid
• 2023-10-30 Price Changed — MRED as Distributed by MLS Grid
• 2023-08-22 Listed — MRED as Distributed by MLS Grid
• 2021-09-21 Sold (Public Records) $48,000 Public Records
• 2021-09-21 Sold (MLS) $48,000 MRED as Distributed by MLS Grid
• 2021-09-16 Pending — MRED as Distributed by MLS Grid
• 2021-08-29 Pending — MRED as Distributed by MLS Grid
• 2021-08-12 Listed $53,500 MRED as Distributed by MLS Grid

Property tax history

+3.2%/yr

Latest (2024): $2,383 · +9.7% YoY. Source: county tax records.