411 Caldwell St · Jacksonville, IL 62650

$80,000

1 bd · 1.0 ba · 720 sqft · SingleFamily · 1 Days on market

Built 1940 0.28 ac lot Est $77k · 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 +25.7/30.0
• DSCR +8.5/10.0
• 1% rule +5.8/10.0
• ARV discount +5.8/15.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This listing INCLUDES 2 HOMES, BEING SOLD AS ONE LISTING. Both homes where built and lived in by the same family(for decades). 411 Caldwell is a one bedrm that is Turn-Key. Updates are very apparent. The bathrm has walk-in shower and laundry is located here too .Hdwd floors refinished ,sweet kitchen has oak cabinets and tile floor and all appliances stay. Replacement windows ,covered patio and ramp at front door! SECOND HOME 417 CALDWELL, has two bedrooms with the potential for a 3rd (no heating or cooling in this room) large eat in kitchen with appliance staying, the bathroom has been gutted, with subfloor in place and purchased stool ready for installation. Replacement windows & siding The homes have a 4 car garage that has separate utilities from the homes. The garage was zoned business and used as such years ago. The property is being "SOLD AS IS ", inspection welcome. The property has several adaptable possibilities. Two special "cottages on Caldwell" 417 lot size 50" X 240" - tax ID 09-17-304-017.

Key facts

• Arched doorways
• Main floor laundry
• Covered back patio

Tags

• ORIGINAL HARDWOOD FLOORS
• ARCHED DOORWAYS
• GALLEY STYLE KITCHEN
• WALK IN SHOWER
• MAIN FLOOR LAUNDRY
• COVERED BACK PATIO

Property features AI

Exterior

• Parking: Parking pad (no garage)
• Utilities: Public water; Public sewer
• Home design: Single family residence; Built in 1940
• Construction: Shingle roof
• Exterior features: Level lot; Lot dimensions approximately 50 x 240

Interior

• Kitchen: Kitchen with tile flooring
• Bedrooms: 1 bedroom on the main level (approx. 11' x 12')
• Flooring: Hardwood flooring in bedroom and living room; Tile flooring in kitchen
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full, unfinished basement; Refrigerator included; No fireplaces

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $190 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($861 rent vs $80k).
• Cap rate 9.1% vs local median 5.4% in Jacksonville — 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 76/100 on livability (#187 in IL, #3,543 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities C-, schools D.
• Jacksonville SD 117 (town): math 20% / reading 23% proficiency, ranked #407 of 620 in IL (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 141 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 3 units permitted in Morgan 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.
• Morgan County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $80,000

Questions for the listing agent

1. Built in 1940 — 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. 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: 1.08% ✓
• Cap rate: 9.15%
• Cash-on-cash: 10.20%
• DSCR: 1.45
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $77,040
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
426 Caldwell St	0.05mi	2/1.0 (+1)	672 (-7%)	22mo	$89,600	$133	63
708 W Lafayette Ave	0.40mi	2/1.0 (+1)	768 (+7%)	13mo	$75,000	$98	55
826 Freedman St	0.26mi	2/1.0 (+1)	822 (+14%)	19mo	$88,000	$107	43

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: -1.0%
• Equity multiple: 0.96×
• Total profit: $-861
• Equity at exit: $11,928

10-year hold

• IRR: 8.6%
• Equity multiple: 1.66×
• Total profit: $14,764
• 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 62650

• Active inventory: 141
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $861 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$37 /mo · $447/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$181
• Net cashflow: $190

Break-even live

Break-even rent $620

Max offer price $80,000

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

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
328 E State St Unit 2 Jacksonville, IL	—	1.0	750	$975	$1.30	43d	1	1.14mi
800 Illinois Ave Jacksonville, IL	1.0	1.0	625	$700	$1.12	43d	1	1.47mi

Listing history 8 events

1. 2026-05-06
   status Pending
2. 2026-05-05
   listed $80,000 Active
3. 2025-11-18
   soldstatus $150,000 Closed 1061-char remark

   Show marketing remark (1061 chars)

   This listing INCLUDES 2 HOMES, BEING SOLD AS ONE LISTING. Both homes where built and lived in by the same family(for decades). 411 Caldwell is a one bedrm that is Turn-Key. Updates are very apparent. The bathrm has walk-in shower and laundry is located here too .Hdwd floors refinished ,sweet kitchen has oak cabinets and tile floor and all appliances stay. Replacement windows ,covered patio and ramp at front door! SECOND HOME 417 CALDWELL, has two bedrooms with the potential for a 3rd (no heating or cooling in this room) large eat in kitchen with appliance staying, the bathroom has been gutted, with subfloor in place and purchased stool ready for installation. Replacement windows & siding The homes have a 4 car garage that has separate utilities from the homes. The garage was zoned business and used as such years ago. The property is being "SOLD AS IS ", inspection welcome. The property has several adaptable possibilities. Two special "cottages on Caldwell" 417 lot size 50" X 240" - tax ID 09-17-304-017.

4. 2025-11-18
   soldstatus $150,000 1061-char remark

   Show marketing remark (1061 chars)

   This listing INCLUDES 2 HOMES, BEING SOLD AS ONE LISTING. Both homes where built and lived in by the same family(for decades). 411 Caldwell is a one bedrm that is Turn-Key. Updates are very apparent. The bathrm has walk-in shower and laundry is located here too .Hdwd floors refinished ,sweet kitchen has oak cabinets and tile floor and all appliances stay. Replacement windows ,covered patio and ramp at front door! SECOND HOME 417 CALDWELL, has two bedrooms with the potential for a 3rd (no heating or cooling in this room) large eat in kitchen with appliance staying, the bathroom has been gutted, with subfloor in place and purchased stool ready for installation. Replacement windows & siding The homes have a 4 car garage that has separate utilities from the homes. The garage was zoned business and used as such years ago. The property is being "SOLD AS IS ", inspection welcome. The property has several adaptable possibilities. Two special "cottages on Caldwell" 417 lot size 50" X 240" - tax ID 09-17-304-017.

5. 2025-10-30
   status Pending 1061-char remark

   Show marketing remark (1061 chars)

   This listing INCLUDES 2 HOMES, BEING SOLD AS ONE LISTING. Both homes where built and lived in by the same family(for decades). 411 Caldwell is a one bedrm that is Turn-Key. Updates are very apparent. The bathrm has walk-in shower and laundry is located here too .Hdwd floors refinished ,sweet kitchen has oak cabinets and tile floor and all appliances stay. Replacement windows ,covered patio and ramp at front door! SECOND HOME 417 CALDWELL, has two bedrooms with the potential for a 3rd (no heating or cooling in this room) large eat in kitchen with appliance staying, the bathroom has been gutted, with subfloor in place and purchased stool ready for installation. Replacement windows & siding The homes have a 4 car garage that has separate utilities from the homes. The garage was zoned business and used as such years ago. The property is being "SOLD AS IS ", inspection welcome. The property has several adaptable possibilities. Two special "cottages on Caldwell" 417 lot size 50" X 240" - tax ID 09-17-304-017.

6. 2025-10-28
   listed $154,900 Active 1061-char remark

   Show marketing remark (1061 chars)

   This listing INCLUDES 2 HOMES, BEING SOLD AS ONE LISTING. Both homes where built and lived in by the same family(for decades). 411 Caldwell is a one bedrm that is Turn-Key. Updates are very apparent. The bathrm has walk-in shower and laundry is located here too .Hdwd floors refinished ,sweet kitchen has oak cabinets and tile floor and all appliances stay. Replacement windows ,covered patio and ramp at front door! SECOND HOME 417 CALDWELL, has two bedrooms with the potential for a 3rd (no heating or cooling in this room) large eat in kitchen with appliance staying, the bathroom has been gutted, with subfloor in place and purchased stool ready for installation. Replacement windows & siding The homes have a 4 car garage that has separate utilities from the homes. The garage was zoned business and used as such years ago. The property is being "SOLD AS IS ", inspection welcome. The property has several adaptable possibilities. Two special "cottages on Caldwell" 417 lot size 50" X 240" - tax ID 09-17-304-017.

7. 2025-10-28
   listed $154,900 1061-char remark

   Show marketing remark (1061 chars)

   This listing INCLUDES 2 HOMES, BEING SOLD AS ONE LISTING. Both homes where built and lived in by the same family(for decades). 411 Caldwell is a one bedrm that is Turn-Key. Updates are very apparent. The bathrm has walk-in shower and laundry is located here too .Hdwd floors refinished ,sweet kitchen has oak cabinets and tile floor and all appliances stay. Replacement windows ,covered patio and ramp at front door! SECOND HOME 417 CALDWELL, has two bedrooms with the potential for a 3rd (no heating or cooling in this room) large eat in kitchen with appliance staying, the bathroom has been gutted, with subfloor in place and purchased stool ready for installation. Replacement windows & siding The homes have a 4 car garage that has separate utilities from the homes. The garage was zoned business and used as such years ago. The property is being "SOLD AS IS ", inspection welcome. The property has several adaptable possibilities. Two special "cottages on Caldwell" 417 lot size 50" X 240" - tax ID 09-17-304-017.

8. 2025-05-27
   soldstatus $45,000

ⓘ 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: $447 · $37/mo
• Projected year-2 tax: $1,131 · $94/mo
• Expected delta: +$685/yr (+$57/mo · 153.3%)

ⓘ 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 4/10 Moderate 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,337
• − Mortgage interest: −$4,481
• − Property taxes: −$447
• − Insurance: −$400
• − Repairs & maintenance: −$827
• − Management: −$827
• − Depreciation: −$2,327
• Taxable income: $1,028
• Est. tax owed @ 24.0%: −$247
• After-tax cash flow: $2,038/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: Jacksonville SD 117
• NCES district ID: 1720280
• Math proficiency: 20% ▼ -3.00%
• Reading proficiency: 23% ▼ -6.00%
• Median HH income: $44,909
• Composite: 18.66/100
• National rank: #8888
• State rank: #407 of 620 in IL

Livability — Jacksonville

• Score: 76/100
• State rank: #187
• US rank: #3543

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jacksonville, IL
• City population: 24,318
• Population (ZIP): 24,318

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 32,874 people
• By 2030: 31,698 · -3.6%
• By 2040: 29,050 · -11.6%
• By 2050: 26,381 · -19.8%
• By 2075: 20,235 · -38.4%
• By 2100: 14,324 · -56.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 7% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 1% Iranian 1%
• Foreign-born: 1% · Canada, South Korea
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+32.5) · D 33.1% · R 65.6% · Other 1.3%
• 2008→2024 swing: -31.7pp toward R · 2008: -0.8pp · 2024: -32.5pp
• All cycles: 2024: R+32.5 2020: R+31.8 2016: R+29.9 2012: R+15.4 2008: R+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.33%
• Current HPI: 126.5712
• 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

+77.8% since first listed

8 events — show timeline

• 2026-05-06 Pending — RMLSA as Distributed by MLS Grid
• 2026-05-05 Listed $80,000 RMLSA as Distributed by MLS Grid
• 2025-11-18 Sold (MLS) $150,000 MRED as Distributed by MLS Grid
• 2025-11-18 Sold (MLS) $150,000 RMLSA as Distributed by MLS Grid
• 2025-10-30 Pending — RMLSA as Distributed by MLS Grid
• 2025-10-28 Listed $154,900 MRED as Distributed by MLS Grid
• 2025-10-28 Listed $154,900 RMLSA as Distributed by MLS Grid
• 2025-05-27 Sold (Public Records) $45,000 Public Records

Property tax history

+0.2%/yr

Latest (2024): $447 · -6.1% YoY. Source: county tax records.