523 S Walnut St · Taylorville, IL 62568

$64,900

2 bd · 2.0 ba · 700 sqft · SingleFamily public records · 33 Days on market

Built 1880 Est $64k · at est.

---

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
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• ARV discount +6.7/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Discover this affordable and charming 1-bedroom, 1-bath home tucked away with a peaceful setting and added privacy in Taylorville! Offering approximately 700 square feet of comfortable living space, this home is perfect for first-time buyers, downsizers, or anyone looking for a cozy place to call their own. Enjoy relaxing mornings or evenings on the covered porch, plus convenience of a concrete driveway and a 1-car detached garage for extra storage or parking. With its peaceful setting and affordable price point, this property offers a great opportunity to own a home with privacy and potential. Don’t miss your chance to make this one your own!

Key facts

• Covered porch
• Quiet dead-end road
• Peaceful setting

Tags

• COVERED PORCH
• CONCRETE DRIVEWAY
• DETACHED GARAGE
• QUIET DEAD-END ROAD
• PEACEFUL SETTING

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Not new construction
• Construction: Shingle roof; Crawl space basement; Built in 1880
• Exterior features: Dead-end street lot; Irregular lot shape

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 1 bedroom (main level); Egress window in bedroom; Bedroom flooring: Luxury vinyl plank
• Flooring: Luxury vinyl plank; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Window unit heating/cooling
• Interior features: Cable available; Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($860 rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 4.0% in Taylorville — 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 68/100 on livability (#478 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D, amenities F, commute F.
• Taylorville CUSD 3 (town): math 14% / reading 31% proficiency, ranked #383 of 620 in IL (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: North Elem School (537 students, 0% FRL); Taylorville Jr High School (math 14% / reading 42%, grade F, #284 of 665 statewide, top 44%, 683 students, 0% FRL); Taylorville Sr High School (math 12% / reading 17%, grade F, #479 of 693 statewide, top 71%, 781 students, 0% FRL) — zoned schools average 0% FRL vs 46% district-wide (46 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 88 active listings in the ZIP; 26 units permitted in Christian County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Christian County population projected at -24% 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 $18k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $62,953 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 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 1880 — 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: 1.32% ✓
• Cap rate: 10.98%
• Cash-on-cash: 16.75%
• DSCR: 1.75
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $63,700
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
725 S Wyandotte St	0.14mi	2/1.0	780 (+11%)	10mo	$45,000	$58	62
710 E Adams St	0.33mi	2/1.0	768 (+10%)	15mo	$70,000	$91	52
931 W Rich St	0.71mi	3/1.0 (+1)	728 (+4%)	9mo	$95,000	$130	44
1008 E Park St	0.72mi	1/1.0 (-1)	700 (0%)	16mo	$80,000	$114	44
1121 E Main Cross St	0.71mi	1/1.0 (-1)	660 (-6%)	15mo	$50,000	$76	36

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: 7.9%
• Equity multiple: 1.31×
• Total profit: $5,642
• Equity at exit: $9,677

10-year hold

• IRR: 17.2%
• Equity multiple: 2.42×
• Total profit: $25,716
• Equity at exit: $5,611

Cash invested: $18,172 (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 62568

• Active inventory: 88
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $860 medium
• Mortgage (P&I): −$340
• Tax from tax record: −$58 /mo · $696/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$181
• Net cashflow: $254

Break-even live

Break-even rent $538

Max offer price $64,900

Occupancy floor 65%

Sensitivity live

Price	-10% $290	-5% $272	+0% $254	+5% $235	+10% $217
Rent	-10% $186	-5% $220	+0% $254	+5% $288	+10% $322
Rate	-1.0pp $286	-0.5pp $270	base $254	+0.5pp $237	+1.0pp $220

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-22
   days on market $64,900 Active 33 DOM
2. 2026-06-21
   days on market $64,900 Active 32 DOM
3. 2026-06-21
   days on market $64,900 Active 31 DOM
4. 2026-06-18
   days on market $64,900 Active 29 DOM
5. 2026-06-17
   days on market $64,900 Active 28 DOM
6. 2026-06-16
   days on market $64,900 Active 27 DOM
7. 2026-06-15
   days on market $64,900 Active 26 DOM
8. 2026-06-13
   days on market $64,900 Active 24 DOM
9. 2026-06-12
   days on market $64,900 Active 23 DOM
10. 2026-06-09
    days on market $64,900 Active 20 DOM
11. 2026-06-08
    days on market $64,900 Active 19 DOM
12. 2026-06-07
    days on market $64,900 Active 18 DOM
13. 2026-06-07
    days on market $64,900 Active 17 DOM
14. 2026-06-04
    days on market $64,900 Active 14 DOM
15. 2026-06-02
    days on market $64,900 Active 13 DOM
16. 2026-06-01
    days on market $64,900 Active 12 DOM
17. 2026-05-31
    days on market $64,900 Active 11 DOM
18. 2026-05-31
    days on market $64,900 Active 10 DOM
19. 2026-05-20
    listed $64,900 Active

ⓘ 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: $696 · $58/mo
• Projected year-2 tax: $1,084 · $90/mo
• Expected delta: +$389/yr (+$32/mo · 55.9%)

ⓘ 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 · 20 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,315
• − Mortgage interest: −$3,635
• − Property taxes: −$696
• − Insurance: −$324
• − Repairs & maintenance: −$825
• − Management: −$825
• − Depreciation: −$1,888
• Taxable income: $2,121
• Est. tax owed @ 24.0%: −$509
• After-tax cash flow: $2,536/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: Taylorville CUSD 3
• NCES district ID: 1738700
• Math proficiency: 14% ▼ -17.00%
• Reading proficiency: 31% ▼ -10.00%
• Median HH income: $45,940
• Composite: 19.53/100
• National rank: #8764
• State rank: #383 of 620 in IL

Livability — Taylorville

• Score: 68/100
• State rank: #478
• US rank: #9895

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylorville, IL
• City population: 16,035
• Population (ZIP): 16,035

Population outlook (Christian County) Hauer SSP2

• Today (2025): 31,182 people
• By 2030: 29,787 · -4.5%
• By 2040: 26,793 · -14.1%
• By 2050: 23,757 · -23.8%
• By 2075: 17,333 · -44.4%
• By 2100: 11,573 · -62.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Black 4% Two or more races 2% Hispanic / Latino 2% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Christian

• 2024 margin: Solid R (+46.7) · D 25.9% · R 72.6% · Other 1.5%
• 2008→2024 swing: -40.4pp toward R · 2008: -6.3pp · 2024: -46.7pp
• All cycles: 2024: R+46.7 2020: R+44.6 2016: R+42.7 2012: R+23.1 2008: R+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -171.77%
• Current HPI: 159.2588
• 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

1 event — show timeline

• 2026-05-20 Listed $64,900 RMLSA as Distributed by MLS Grid

Property tax history

+11.1%/yr

Latest (2025): $696 · -2.1% YoY. Source: county tax records.