1142 E Broadway St · Monmouth, IL 61462

$80,000

4 bd · 2.5 ba · 2,416 sqft · SingleFamily · 4 Days on market

0.30 ac lot Est $118k · 32% under ↓ 32% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• 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

If space is what you're looking for - this home has it! The grand stairway invites you to kick back and relax on the relaxing front porch. Enter the home via the charming foyer with built-in bench. This home features gorgeous ornate woodwork throughout, pocket doors, efficiency windows, a large living room with gas fireplace and crown molding, radon mitigation system and more. Nice large family room off the updated eat-in kitchen. Outdoors features an in-ground pool with basketball hoop and large detached garage.

Key facts

• 0.3 acre lot
• 2 garage spots
• Listed 4 days

Tags

• IN-GROUND SWIMMING POOL

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $539 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).

Location & tenants

• Location reads 70/100 on livability (#372 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D+, employment D, schools D-.
• Monmouth-Roseville CUSD 238 (town): math 10% / reading 21% proficiency, ranked #511 of 620 in IL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 13 active listings in the ZIP; 43 units permitted in Warren County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Warren County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $80,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 1.73% ✓
• Cap rate: 14.38%
• Cash-on-cash: 28.88%
• DSCR: 2.28
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $118,384
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1142 E Broadway St	0.00mi	4/2.5	2,416 (0%)	1mo	$80,000	$33	99
524 E 2nd Ave	0.59mi	4/2.0	2,550 (+6%)	14mo	$125,000	$49	50
720 N 5th St	0.74mi	3/3.0 (-1)	2,276 (-6%)	9mo	$253,900	$112	41
517 N 5th St	0.63mi	3/1.0 (-1)	2,668 (+10%)	5mo	$48,000	$18	38
207 S 3rd St	0.67mi	4/2.0	2,136 (-12%)	13mo	$112,500	$53	36
310 S 5th St	0.61mi	3/2.0 (-1)	2,196 (-9%)	19mo	$18,500	$8	34

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: 23.2%
• Equity multiple: 1.95×
• Total profit: $21,387
• Equity at exit: $11,928

10-year hold

• IRR: 31.2%
• Equity multiple: 3.81×
• Total profit: $62,914
• Equity at exit: $6,917

Cash invested: $22,400 (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 61462

• Home prices YoY: -22.1%
• Active inventory: 13
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,382 medium
• Mortgage (P&I): −$420
• Tax est. 1.5%: −$100 /mo · $1,200/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $539

Break-even live

Break-even rent $700

Max offer price $80,000

Occupancy floor 56%

Sensitivity live

Price	-10% $594	-5% $567	+0% $539	+5% $511	+10% $484
Rent	-10% $430	-5% $484	+0% $539	+5% $594	+10% $648
Rate	-1.0pp $579	-0.5pp $559	base $539	+0.5pp $518	+1.0pp $497

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-04-14
   status Pending
2. 2026-04-10
   historical
3. 2026-04-08
   listed $80,000 Active
4. 2026-04-06
   price
5. 2025-12-05
   price
6. 2025-11-20
   price
7. 2025-11-12
   price
8. 2025-10-14
   price
9. 2025-09-11
   listed Active
10. 2017-06-30
    soldstatus $149,900
11. 2017-06-27
    soldstatus $149,900 518-char remark

    Show marketing remark (518 chars)

    If space is what you're looking for - this home has it! The grand stairway invites you to kick back and relax on the relaxing front porch. Enter the home via the charming foyer with built-in bench. This home features gorgeous ornate woodwork throughout, pocket doors, efficiency windows, a large living room with gas fireplace and crown molding, radon mitigation system and more. Nice large family room off the updated eat-in kitchen. Outdoors features an in-ground pool with basketball hoop and large detached garage.

12. 2017-05-03
    listed $154,900 518-char remark

    Show marketing remark (518 chars)

    If space is what you're looking for - this home has it! The grand stairway invites you to kick back and relax on the relaxing front porch. Enter the home via the charming foyer with built-in bench. This home features gorgeous ornate woodwork throughout, pocket doors, efficiency windows, a large living room with gas fireplace and crown molding, radon mitigation system and more. Nice large family room off the updated eat-in kitchen. Outdoors features an in-ground pool with basketball hoop and large detached garage.

13. 2001-11-16
    soldstatus $118,000

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

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 ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,585
• − Mortgage interest: −$4,481
• − Property taxes: −$1,200
• − Insurance: −$400
• − Repairs & maintenance: −$1,327
• − Management: −$1,327
• − Depreciation: −$2,327
• Taxable income: $5,523
• Est. tax owed @ 24.0%: −$1,326
• After-tax cash flow: $5,143/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: Monmouth-Roseville CUSD 238
• NCES district ID: 1700320
• Math proficiency: 10% ▼ -6.00%
• Reading proficiency: 21% ▼ -8.00%
• Median HH income: $40,228
• Composite: 13.21/100
• National rank: #9552
• State rank: #511 of 620 in IL

Livability — Monmouth

• Score: 70/100
• State rank: #372
• US rank: #7739

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Monmouth, IL
• City population: 10,640
• Population (ZIP): 10,640

Population outlook (Warren County) Hauer SSP2

• Today (2025): 17,168 people
• By 2030: 16,771 · -2.3%
• By 2040: 15,988 · -6.9%
• By 2050: 15,471 · -9.9%
• By 2075: 15,053 · -12.3%
• By 2100: 14,513 · -15.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 16% Two or more races 5% Black 4% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 9% · Canada, Philippines, United Kingdom
• Languages at home: 85% English-only · Spanish 10% Other Asian/Pacific 2% French/Haitian/Cajun 2%

Political lean MEDSL · Warren

• 2024 margin: Strong R (+25.1) · D 36.5% · R 61.6% · Other 1.9%
• 2008→2024 swing: -33.2pp toward R · 2008: 8.1pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+20.0 2016: R+16.7 2012: D+5.8 2008: D+8.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.51%
• Current HPI: 139.0562
• Rent YoY: —
• Metro: —
• 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

-32.2% since first listed

13 events — show timeline

• 2026-04-14 Pending — MRED as Distributed by MLS Grid
• 2026-04-10 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-08 Listed $80,000 MRED as Distributed by MLS Grid
• 2026-04-06 Price Changed — MRED as Distributed by MLS Grid
• 2025-12-05 Price Changed — MRED as Distributed by MLS Grid
• 2025-11-20 Price Changed — MRED as Distributed by MLS Grid
• 2025-11-12 Price Changed — MRED as Distributed by MLS Grid
• 2025-10-14 Price Changed — MRED as Distributed by MLS Grid
• 2025-09-11 Listed — MRED as Distributed by MLS Grid
• 2017-06-30 Sold (Public Records) $149,900 Public Records
• 2017-06-27 Sold (MLS) $149,900 RMLSA as Distributed by MLS Grid
• 2017-05-03 Listed $154,900 RMLSA as Distributed by MLS Grid
• 2001-11-16 Sold (Public Records) $118,000 Public Records

Property tax history

+3.8%/yr

Latest (2024): $5,367 · +5.7% YoY. Source: county tax records.