610 W Central Blvd · Kewanee, IL 61443

$82,500

2 bd · 1.0 ba · 1,195 sqft · SingleFamily public records · 15 Days on market

Built 1920 9,583 sqft lot Est $80k · at est.

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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 +27.9/30.0
• DSCR +9.9/10.0
• 1% rule +7.5/10.0
• ARV discount +6.1/15.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming 11/2-story home offering 2 - 3 bedrooms, 1 full bath, and a spacious 2-car detached garage. Each bedroom features its own bonus room-perfect for a home office, nursery, walk-in closet, or additional living space. Recent updates include a brand-new furnace (2026) and updated bathroom plumbing (2026). This home offers an open living/ dining room area, main floor bedroom & bath. The detached garage provides ample storage, parking and alley access. This is a great opportunity to own a home with added efficiency and long-term energy benefits. Schedule your showing today! Solar panel lease must transfer with sale of property.

Key facts

• Alley access
• Bonus room
• Solar panel lease

Tags

• BONUS ROOM
• OPEN LIVING DINING ROOM
• DETACHED GARAGE
• ALLEY ACCESS
• SOLAR PANEL LEASE

Property features AI

Finance

• Other: Built before 1978
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage; 2 parking spaces (2 garage spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership; Approx. 1,019 finished square feet (total finished ~1,019; total finished/unfinshed ~1,641)
• Construction: Over 100 years old; Vinyl siding; Asphalt roof; Brick/mortar foundation
• Exterior features: Level lot; Lot dimensions approximately 64 x 150; Lot smaller than 0.25 acre

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms (one main level, one on the second level); Additional bedroom labels present (Bedroom 3, Bedroom 4) — listed but no level or dimensions provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 5 total rooms; Basement is unfinished with partial crawl space
• Laundry & utility: Washer; Dryer; Separate laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $82k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $82k).
• Recommended offer: $81k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#409 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools F, crime D-, amenities F.
• Kewanee CUSD 229 (town): math 8% / reading 20% proficiency, ranked #540 of 620 in IL (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 39 active listings in the ZIP; 32 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $570 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Henry 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 $23k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($81k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $81,262 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. 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: 1.25% ✓
• Cap rate: 9.97%
• Cash-on-cash: 13.15%
• DSCR: 1.59
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $80,065
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
422 Ross St	0.36mi	3/1.0 (+1)	1,200 (+0%)	1mo	$64,900	$54	76
213 Elliott St	0.16mi	3/2.0 (+1)	1,170 (-2%)	8mo	$55,000	$47	73
110 N Park St	0.16mi	3/1.0 (+1)	1,088 (-9%)	2mo	$105,000	$97	71
517 W 1st St	0.08mi	3/3.0 (+1)	1,263 (+6%)	7mo	$119,000	$94	68
323 S Chestnut St	0.30mi	3/1.0 (+1)	1,098 (-8%)	8mo	$67,500	$61	61
323 S Vine St	0.71mi	3/1.0 (+1)	1,116 (-7%)	0mo	$17,000	$15	51
1111 Pine St	0.58mi	2/1.0	1,360 (+14%)	2mo	$34,000	$25	48
622 S Tremont St	0.57mi	3/2.0 (+1)	1,124 (-6%)	8mo	$46,000	$41	47
206 Roosevelt Ave	0.66mi	2/1.5	1,317 (+10%)	6mo	$112,000	$85	46
216 Hillcrest Dr	0.74mi	3/1.5 (+1)	1,252 (+5%)	7mo	$84,000	$67	45
216 Hillcrest Dr	0.74mi	3/1.5 (+1)	1,252 (+5%)	7mo	$84,000	$67	45
136 W Mill St	0.70mi	3/1.0 (+1)	1,039 (-13%)	1mo	$107,000	$103	40

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: 3.1%
• Equity multiple: 1.12×
• Total profit: $2,763
• Equity at exit: $12,301

10-year hold

• IRR: 12.7%
• Equity multiple: 2.00×
• Total profit: $23,209
• Equity at exit: $7,133

Cash invested: $23,100 (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 61443

• Active inventory: 39
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,033 medium
• Mortgage (P&I): −$433
• Tax from tax record: −$96 /mo · $1,153/yr
• Insurance: −$34
• HOA: −$0
• Vacancy / Maint / Mgmt: −$217
• Net cashflow: $253

Break-even live

Break-even rent $713

Max offer price $82,500

Occupancy floor 70%

Sensitivity live

Price	-10% $300	-5% $276	+0% $253	+5% $230	+10% $206
Rent	-10% $171	-5% $212	+0% $253	+5% $294	+10% $335
Rate	-1.0pp $295	-0.5pp $274	base $253	+0.5pp $232	+1.0pp $210

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: $20,625
• Closing costs: $2,475
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $82,500 Active 15 DOM
2. 2026-06-17
   days on market $82,500 Active 14 DOM
3. 2026-06-16
   days on market $82,500 Active 13 DOM
4. 2026-06-15
   days on market $82,500 Active 12 DOM
5. 2026-06-13
   days on market $82,500 Active 10 DOM
6. 2026-06-12
   days on market $82,500 Active 9 DOM
7. 2026-06-09
   days on market $82,500 Active 6 DOM
8. 2026-06-08
   days on market $82,500 Active 5 DOM
9. 2026-06-07
   days on market $82,500 Active 4 DOM
10. 2026-06-05
    days on market $82,500 Active 2 DOM
11. 2026-06-04
    remarks 638-char remark
12. 2026-06-04
    listed $82,500 Active 1 DOM

ⓘ 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: $1,153 · $96/mo
• Projected year-2 tax: $1,513 · $126/mo
• Expected delta: +$360/yr (+$30/mo · 31.2%)

ⓘ 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 ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,397
• − Mortgage interest: −$4,621
• − Property taxes: −$1,153
• − Insurance: −$412
• − Repairs & maintenance: −$992
• − Management: −$992
• − Depreciation: −$2,400
• Taxable income: $1,828
• Est. tax owed @ 24.0%: −$439
• After-tax cash flow: $2,599/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: Kewanee CUSD 229
• NCES district ID: 1721000
• Math proficiency: 8% ▼ -8.00%
• Reading proficiency: 20% ▼ -12.00%
• Median HH income: $38,294
• Composite: 11.77/100
• National rank: #9682
• State rank: #540 of 620 in IL

Livability — Kewanee

• Score: 69/100
• State rank: #409
• US rank: #8423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kewanee, IL
• Population (ZIP): 13,529

Population outlook (Henry County) Hauer SSP2

• Today (2025): 47,376 people
• By 2030: 45,920 · -3.1%
• By 2040: 42,829 · -9.6%
• By 2050: 39,606 · -16.4%
• By 2075: 31,848 · -32.8%
• By 2100: 23,503 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 11% Black 6% Two or more races 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Romanian 4% English 3% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Henry

• 2024 margin: Strong R (+24.5) · D 36.8% · R 61.3% · Other 1.9%
• 2008→2024 swing: -32.2pp toward R · 2008: 7.7pp · 2024: -24.5pp
• All cycles: 2024: R+24.5 2020: R+21.4 2016: R+21.2 2012: D+3.1 2008: D+7.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.32%
• Current HPI: 121.8672
• 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

+4.4% since first listed

2 events — show timeline

• 2026-06-03 Price Changed $82,500 MRED as Distributed by MLS Grid
• 2026-06-03 Listed $79,000 MRED as Distributed by MLS Grid

Property tax history

+3.6%/yr

Latest (2024): $1,153 · +18.7% YoY. Source: county tax records.