710 Sheridan Dr · Loves Park, IL 61111

$215,000

4 bd · 2.0 ba · 1,526 sqft · SingleFamily · 39 Days on market

Built 1952 8,712 sqft lot Est $183k · 17% over

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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 +25.8/30.0
• DSCR +8.6/10.0
• 1% rule +5.9/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

Key facts

• Backyard patio
• Fenced in backyard
• Gas fireplace

Tags

• CEDAR WOOD WALLS
• GAS FIREPLACE
• FENCED IN BACKYARD
• BACKYARD PATIO
• OVERSIZED GATHERING ROOM

Property features AI

Finance

• Other: Parcel number 1206328020
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage (1 garage space; 1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2-story residence; Fee simple ownership; Built before 1978
• Construction: Vinyl siding exterior
• Exterior features: Lot dimensions approximately 66 x 66 x 132 x 132; Less than 0.25 acre lot; School bus service available

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 4 bedrooms (Master on main; additional bedrooms on main and second floor)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 7 total rooms; Full, unfinished basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $524 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Recommended offer: $209k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 4.9% in Loves Park — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#255 in IL, #4,724 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, schools F, commute F.
• Harlem UD 122 (suburban): math 17% / reading 23% proficiency, ranked #418 of 620 in IL (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 91 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 285 units permitted in Winnebago County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Winnebago County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $208,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.09% ✓
• Cap rate: 9.22%
• Cash-on-cash: 10.44%
• DSCR: 1.46
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $183,120
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
834 Grand Ave	0.24mi	3/1.5 (-1)	1,557 (+2%)	9mo	$150,000	$96	71
231 Sheridan Dr	0.60mi	4/1.0	1,508 (-1%)	1mo	$120,000	$80	66
251 Merrill Ave	0.62mi	3/2.0 (-1)	1,548 (+1%)	2mo	$228,000	$147	62
6320 John St	0.56mi	3/2.0 (-1)	1,501 (-2%)	6mo	$210,000	$140	61
6327 1st St	0.55mi	3/1.5 (-1)	1,532 (+0%)	9mo	$177,000	$116	59
6325 Browns Pkwy	0.68mi	3/1.5 (-1)	1,509 (-1%)	1mo	$203,500	$135	59
1321 Northfield Ave	0.62mi	3/1.0 (-1)	1,500 (-2%)	4mo	$180,000	$120	56
221 Belteberg Rd	0.66mi	3/1.0 (-1)	1,504 (-1%)	8mo	$129,900	$86	52
336 Belteberg Rd	0.49mi	3/2.0 (-1)	1,300 (-15%)	4mo	$230,000	$177	44
242 River Ln	0.66mi	3/1.5 (-1)	1,350 (-12%)	8mo	$35,000	$26	36
6117 East Dr	0.72mi	3/1.0 (-1)	1,350 (-12%)	9mo	$190,000	$141	31
240 W Renrose Ave	0.66mi	3/1.0 (-1)	1,308 (-14%)	7mo	$140,000	$107	31

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: -0.7%
• Equity multiple: 0.97×
• Total profit: $-1,552
• Equity at exit: $32,057

10-year hold

• IRR: 9.0%
• Equity multiple: 1.69×
• Total profit: $41,325
• Equity at exit: $18,589

Cash invested: $60,200 (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 61111

• Active inventory: 91
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,333 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$103 /mo · $1,232/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $524

Break-even live

Break-even rent $1,671

Max offer price $215,000

Occupancy floor 73%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3701 Trilling Ave Unit 3701-104 Rockford, IL	3.0	1.0	1100	$1,345	$1.22	13d	1	1.08mi
4719 Illinois St Loves Park, IL	3.0	1.0	1188	$1,600	$1.35	13d	1	1.18mi
4016 Eaton Dr Unit 1232695P Rockford, IL	3.0	3.0	1722	$4,169	$2.42	13d	1	1.19mi
3422 Fremont St Rockford, IL	3.0	2.0	1700	$1,975	$1.16	13d	1	1.47mi

Listing history 12 events

1. 2026-06-19
   days on market $215,000 Active 39 DOM
2. 2026-06-18
   days on market $215,000 Active 38 DOM
3. 2026-06-17
   status $215,000 Active 37 DOM
4. 2026-06-13
   listing id $215,000 Pending 37 DOM
5. 2026-04-29
   status Pending 833-char remark

   Show marketing remark (833 chars)

   Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

6. 2026-04-29
   status Pending

   Show marketing remark (833 chars)

   Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

7. 2026-04-13
   price $215,000 833-char remark

   Show marketing remark (833 chars)

   Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

8. 2026-04-13
   price $215,000

   Show marketing remark (833 chars)

   Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

9. 2026-03-23
   price $230,000 833-char remark

   Show marketing remark (833 chars)

   Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

10. 2026-03-23
    price $230,000

    Show marketing remark (833 chars)

    Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

11. 2026-03-23
    listed $210,000 Active 833-char remark

    Show marketing remark (833 chars)

    Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

12. 2026-03-23
    listed $210,000 Active

    Show marketing remark (833 chars)

    Welcome home to this spacious 4 bedroom, 2 full bathroom property conveniently located near schools, shopping, and restaurants! This home features: 4 generous bedroom, 2 full bathrooms, beautiful cedar wood walls and ceilings in the upper level bedrooms, bonus storage room upstairs, large family room with a cozy gas fireplace, perfect for holiday gatherings, spacious fenced in backyard, backyard patio ideal for summer grilling and entertaining. Enjoy comfortable living both inside and out with plenty of room for family, guests, and storage. The oversized gathering room with fireplace creates the perfect centerpiece for making memories year round. 1st floor laundry. Don't miss your opportunity to own this charming and versatile home in a great Loves Park location! Message me today for more details or to schedual a showing!

ⓘ 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: $1,232 · $103/mo
• Projected year-2 tax: $3,056 · $255/mo
• Expected delta: +$1,824/yr (+$152/mo · 148.1%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,001
• − Mortgage interest: −$12,043
• − Property taxes: −$1,232
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,240
• − Management: −$2,240
• − Depreciation: −$6,255
• Taxable income: $2,916
• Est. tax owed @ 24.0%: −$700
• After-tax cash flow: $5,584/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: Harlem UD 122
• NCES district ID: 1718240
• Math proficiency: 17% ▼ -8.00%
• Reading proficiency: 23% ▼ -7.00%
• Median HH income: $51,228
• Composite: 18.01/100
• National rank: #8982
• State rank: #418 of 620 in IL

Livability — Loves Park

• Score: 74/100
• State rank: #255
• US rank: #4724

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Loves Park, IL
• City population: 22,838
• Population (ZIP): 22,838

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 271,080 people
• By 2030: 260,684 · -3.8%
• By 2040: 238,405 · -12.1%
• By 2050: 216,129 · -20.3%
• By 2075: 172,882 · -36.2%
• By 2100: 135,336 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Two or more races 11% Hispanic / Latino 9% Black 8% Asian 4%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Romanian 4% Portuguese 3% Slovak 2%
• Foreign-born: 8% · Canada, China
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 3% Other Indo-European 1%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 49.5% · R 49.0% · Other 1.5%
• 2008→2024 swing: -12.2pp toward R · 2008: 12.8pp · 2024: 0.6pp
• All cycles: 2024: D+0.6 2020: D+2.5 2016: R+1.2 2012: D+5.7 2008: D+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -125.48%
• Current HPI: 222.3872
• 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

+2.4% since first listed

8 events — show timeline

• 2026-04-29 Pending — NWIAR
• 2026-04-29 Pending — MRED as Distributed by MLS Grid
• 2026-04-13 Price Changed $215,000 NWIAR
• 2026-04-13 Price Changed $215,000 MRED as Distributed by MLS Grid
• 2026-03-23 Price Changed $230,000 NWIAR
• 2026-03-23 Price Changed $230,000 MRED as Distributed by MLS Grid
• 2026-03-23 Listed $210,000 NWIAR
• 2026-03-23 Listed $210,000 MRED as Distributed by MLS Grid

Property tax history

-3.7%/yr

Latest (2024): $1,232 · -7.8% YoY. Source: county tax records.