2013 State St · Alton, IL 62002

$99,900

3 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 13 Days on market

Built 1941 5,998 sqft lot Est $134k · 26% under

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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 +19.8/30.0
• ARV discount +15.0/15.0
• DSCR +6.3/10.0
• 1% rule +6.1/10.0
• Rent growth +4.6/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Earnest Money goes to Serenity Title. Check out this 3 bedroom 1 bath investment opportunity or ownership. This home is move in ready and priced to sell. The 3rd bedroom is the back of the house separate from the other 2 bedrooms. Nice location- 10 minutes or so from downtown Alton or the Clark Bridge. This home features a walk out basement as well. Buyer/agent to verify all MLS data.

Key facts

• 5,998 sq ft lot
• Built 1941
• Listed 12 days

Property features AI

Finance

• Financial info: Lease not considered

Exterior

• Parking: Driveway; Off-street parking; On-street parking; Outside parking
• Utilities: Public water; Public sewer; Electric service by Ameren; Cable available; Natural gas connected; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; One story; Private ownership; House structure
• Construction: Vinyl siding; Basement (full, unfinished with storage and walk-out access)
• Exterior features: Covered patio/porch; Gentle sloping lot; City street frontage

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating; Central air conditioning; Ceiling fans for cooling
• Interior features: Ceiling fans; Pantry
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $120 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 7.7% vs local median 6.4% in Alton — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 64/100 on livability (#701 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: health & safety C-, crime F, amenities D-.
• Alton CUSD 11 (suburban): math 12% / reading 13% proficiency, ranked #544 of 620 in IL (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Alton High School (math 20% / reading 25%, grade F, #317 of 693 statewide, top 46%, 1,990 students, 0% FRL) — zoned schools average 0% FRL vs 60% district-wide (60 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+8.2%/yr); 169 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 336 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Madison County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 13y 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 $78k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1941 — 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 F 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: 1.11% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.13%
• DSCR: 1.23
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $134,316
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
904 Mckinley Blvd	0.26mi	2/1.0 (-1)	1,078 (-1%)	1mo	$145,000	$135	80
1913 State St	0.08mi	2/1.0 (-1)	1,023 (-6%)	1mo	$132,500	$130	80
823 Douglas St	0.30mi	2/1.0 (-1)	1,099 (+1%)	1mo	$120,000	$109	79
607 Miller St	0.10mi	2/1.0 (-1)	1,029 (-6%)	8mo	$71,000	$69	74
2221 Norside Dr	0.17mi	3/1.0	972 (-11%)	3mo	$85,000	$87	71
815 Hawley Ave	0.13mi	2/2.0 (-1)	1,008 (-8%)	4mo	$130,000	$129	69
2201 State St	0.11mi	2/0.5 (-1)	984 (-10%)	4mo	$84,900	$86	68
225 Mounier St	0.55mi	2/1.0 (-1)	1,056 (-3%)	1mo	$99,900	$95	63
2105 Holland St	0.44mi	3/2.0	1,176 (+8%)	1mo	$149,900	$127	62
415 Mather St	0.52mi	3/1.5	1,130 (+4%)	7mo	$150,000	$133	62
915 Mckinley Blvd	0.29mi	3/1.0	1,244 (+14%)	9mo	$153,000	$123	56
1409 Monroe St	0.54mi	3/1.0	1,236 (+13%)	7mo	$34,900	$28	47

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -2.4%
• Equity multiple: 0.90×
• Total profit: $-2,663
• Equity at exit: $14,895

10-year hold

• IRR: 12.4%
• Equity multiple: 2.23×
• Total profit: $34,360
• Equity at exit: $8,638

Cash invested: $27,972 (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 62002

• Home prices YoY: -33.6%
• Rents YoY: 8.2%
• Active inventory: 169
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,108 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$190 /mo · $2,280/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $120

Break-even live

Break-even rent $956

Max offer price $99,900

Occupancy floor 84%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3108 Alby St Alton, IL	2.0	1.0	900	$1,000	$1.11	44d	1	0.80mi
1232 Surrey Ct Godfrey, IL	2.0	1.0	865	$970	$1.12	2d	1	1.15mi
1110 George St Alton, IL	2.0	1.0	780	$1,019	$1.31	44d	1	1.35mi

Listing history 9 events

1. 2026-06-18
   days on market $99,900 Active 13 DOM
2. 2026-06-17
   days on market $99,900 Active 12 DOM
3. 2026-06-16
   days on market $99,900 Active 11 DOM
4. 2026-06-15
   days on market $99,900 Active 10 DOM
5. 2026-06-13
   days on market $99,900 Active 8 DOM
6. 2026-06-09
   days on market $99,900 Active 4 DOM
7. 2026-06-08
   days on market $99,900 Active 3 DOM
8. 2026-06-07
   remarks 484-char remark
9. 2026-06-07
   listed $99,900 Active 2 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: $2,280 · $190/mo
• Projected year-2 tax: $2,280 · $190/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,292
• − Mortgage interest: −$5,596
• − Property taxes: −$2,280
• − Insurance: −$500
• − Repairs & maintenance: −$1,063
• − Management: −$1,063
• − Depreciation: −$2,906
• Taxable loss: −$116
• Est. tax savings @ 24.0%: +$28
• After-tax cash flow: $1,463/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: Alton CUSD 11
• NCES district ID: 1703600
• Math proficiency: 12% ▼ -10.00%
• Reading proficiency: 13% ▼ -10.00%
• Median HH income: $46,257
• Composite: 11.34/100
• National rank: #9710
• State rank: #544 of 620 in IL

Livability — Alton

• Score: 64/100
• State rank: #701
• US rank: #14289

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alton, IL
• County: Madison County · 189,064 people
• City population: 29,543
• Metro: St. Louis, MO-IL
• Population (ZIP): 29,543
• Household income: $61,414
• Rent vs Own: 34.3% rent · 65.7% own
• Severe rent burden: 960.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 258,371 people
• By 2030: 251,523 · -2.7%
• By 2040: 233,640 · -9.6%
• By 2050: 213,042 · -17.5%
• By 2075: 165,255 · -36.0%
• By 2100: 123,953 · -52.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 20% Two or more races 6% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Madison

• 2024 margin: R (+13.3) · D 42.5% · R 55.8% · Other 1.8%
• 2008→2024 swing: -22.5pp toward R · 2008: 9.2pp · 2024: -13.3pp
• All cycles: 2024: R+13.3 2020: R+13.2 2016: R+15.6 2012: R+1.4 2008: D+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.43%
• Current HPI: 194.7313
• Rent YoY: ▲ 8.24%
• Metro: St. Louis, MO-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

+399.5% since first listed

8 events — show timeline

• 2026-06-06 Listed $99,900 MARIS as Distributed by MLS Grid
• 2026-06-04 Coming Soon $99,900 MARIS as Distributed by MLS Grid
• 2024-08-19 Sold (Public Records) $77,500 Public Records
• 2024-08-09 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2024-07-25 Pending — MARIS as Distributed by MLS Grid
• 2024-07-24 Listed $80,000 MARIS as Distributed by MLS Grid
• 2014-01-02 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2013-10-07 Listed $20,000 MARIS as Distributed by MLS Grid

Property tax history

+1.9%/yr

Latest (2024): $2,280 · +6.4% YoY. Source: county tax records.