609 N Lafayette St · Macomb, IL 61455

$69,500

4 bd · 2.5 ba · 812 sqft · SingleFamily public records · 21 Days on market

Built 1945 10,200 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Large 4-bedroom, 2.5 bath home located just a few blocks from downtown Macomb, IL. Outside you can enjoy the covered front patio or covered back patio. The large, shaded backyard offers ample space for outdoor activities. Access to the home is very convenient with a drive from Lafayette Street to the alley. A lot of house for the price! Schedule your tour today.

Key facts

• Shaded backyard
• Covered front patio
• Covered back patio

Tags

• COVERED FRONT PATIO
• COVERED BACK PATIO
• SHADED BACKYARD

Property features AI

Finance

• Other: Zoned R4 (Multi Family)

Exterior

• Parking: Attached garage with alley access (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels
• Construction: Built in 1945; Full, partially finished basement
• Exterior features: Shingle roof; Covered back patio; Level lot; Paved road access

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: Four bedrooms total; Upper-level bedrooms with hardwood flooring; Basement bedroom with other-type flooring and egress window
• Flooring: Hardwood in several upstairs bedrooms and office; Laminate in living, dining and kitchen areas; Other-type flooring in basement rooms and covered patio
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central air conditioning; Forced-air heating; Gas water heater
• Interior features: Ceiling fan(s); Living room fireplace (non-functional)
• Laundry & utility: Basement laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $409 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.3% vs local median 6.2% in Macomb — 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 70/100 on livability (#379 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B; Watch: crime D, amenities D, commute F.
• Macomb CUSD 185 (town): math 19% / reading 26% proficiency, ranked #410 of 620 in IL (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Macomb Junior High School (math 21% / reading 32%, grade F, #312 of 665 statewide, top 48%, 308 students, 0% FRL); Macomb Senior High School (math 27% / reading 37%, grade F, #157 of 693 statewide, top 25%, 622 students, 0% FRL) — zoned schools average 0% FRL vs 40% district-wide (40 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 135 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $481 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y 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.
• Current owner paid $55k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $68,457 (1.5% below list)

Questions for the listing agent

1. Built in 1945 — 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 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?
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: 1.61% ✓
• Cap rate: 13.35%
• Cash-on-cash: 25.20%
• DSCR: 2.12
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $34,916
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
716 N Albert St	0.29mi	3/1.0 (-1)	864 (+6%)	4mo	$37,000	$43	61

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: 18.7%
• Equity multiple: 1.76×
• Total profit: $14,780
• Equity at exit: $10,363

10-year hold

• IRR: 27.1%
• Equity multiple: 3.39×
• Total profit: $46,447
• Equity at exit: $6,009

Cash invested: $19,460 (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 61455

• Home prices YoY: -33.3%
• Active inventory: 135
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,122 medium
• Mortgage (P&I): −$364
• Tax from tax record: −$84 /mo · $1,012/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $409

Break-even live

Break-even rent $605

Max offer price $69,500

Occupancy floor 59%

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: $17,375
• Closing costs: $2,085
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $69,500 Active 21 DOM
2. 2026-06-18
   days on market $69,500 Active 20 DOM
3. 2026-06-17
   days on market $69,500 Active 19 DOM
4. 2026-06-16
   days on market $69,500 Active 18 DOM
5. 2026-06-15
   days on market $69,500 Active 17 DOM
6. 2026-06-14
   days on market $69,500 Active 15 DOM
7. 2026-06-12
   days on market $69,500 Active 14 DOM
8. 2026-06-09
   days on market $69,500 Active 11 DOM
9. 2026-06-08
   days on market $69,500 Active 10 DOM
10. 2026-06-07
    days on market $69,500 Active 9 DOM
11. 2026-06-04
    days on market $69,500 Active 5 DOM
12. 2026-06-02
    days on market $69,500 Active 4 DOM
13. 2026-06-01
    days on market $69,500 Active 3 DOM
14. 2026-05-31
    days on market $69,500 Active 2 DOM
15. 2026-05-27
    listed $69,500 Active
16. 2021-08-06
    historical
17. 2018-12-07
    soldstatus $55,000
18. 2018-08-27
    listed $59,000
19. 2015-10-27
    soldstatus $38,000
20. 2015-08-31
    listed $46,000
21. 2015-02-11
    listed $46,000

ⓘ 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: $1,012 · $84/mo
• Projected year-2 tax: $1,295 · $108/mo
• Expected delta: +$283/yr (+$24/mo · 27.9%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥107°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: $13,465
• − Mortgage interest: −$3,893
• − Property taxes: −$1,012
• − Insurance: −$348
• − Repairs & maintenance: −$1,077
• − Management: −$1,077
• − Depreciation: −$2,022
• Taxable income: $4,036
• Est. tax owed @ 24.0%: −$969
• After-tax cash flow: $3,935/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: Macomb CUSD 185
• NCES district ID: 1723920
• Math proficiency: 19% ▼ -7.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $34,162
• Composite: 18.45/100
• National rank: #8927
• State rank: #410 of 620 in IL

Livability — Macomb

• Score: 70/100
• State rank: #379
• US rank: #7918

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Macomb, IL
• County: McDonough County · 17,317 people
• City population: 17,317
• Metro: Macomb, IL
• Population (ZIP): 17,317
• Household income: $48,679
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 1062.0

Population outlook (McDonough County) Hauer SSP2

• Today (2025): 33,242 people
• By 2030: 33,318 · +0.2%
• By 2040: 33,520 · +0.8%
• By 2050: 33,630 · +1.2%
• By 2075: 33,657 · +1.2%
• By 2100: 33,127 · -0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 9% Two or more races 5% Hispanic / Latino 5% Asian 3%
• Common ancestry: Romanian 3% Italian 3% Iranian 2%
• Foreign-born: 4% · Canada, South Korea, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · McDonough

• 2024 margin: R (+18.9) · D 39.7% · R 58.5% · Other 1.8%
• 2008→2024 swing: -24.4pp toward R · 2008: 5.6pp · 2024: -18.9pp
• All cycles: 2024: R+18.9 2020: R+16.6 2016: R+11.7 2012: R+1.5 2008: D+5.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.20%
• Current HPI: 140.4351
• Rent YoY: —
• Metro: Macomb, 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

+51.1% since first listed

7 events — show timeline

• 2026-05-27 Listed $69,500 RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2018-12-07 Sold (MLS) $55,000 RMLSA as Distributed by MLS Grid
• 2018-08-27 Listed $59,000 RMLSA as Distributed by MLS Grid
• 2015-10-27 Sold (MLS) $38,000 RMLSA as Distributed by MLS Grid
• 2015-08-31 Listed $46,000 RMLSA as Distributed by MLS Grid
• 2015-02-11 Listed $46,000 IAR

Property tax history

-11.3%/yr

Latest (2024): $1,012 · -6.5% YoY. Source: county tax records.