1402 N Sterling St · Streator, IL 61364

$94,900

2 bd · 1.0 ba · 1,359 sqft · SingleFamily public records · 7 Days on market

Built 1914 0.32 ac lot Est $154k · 38% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Functional 2 bedroom, nearly 1,400 SF home filled with potential and standout amenities, highlighted by an impressive 5 car garage, heated sunroom, and desirable corner lot setting. Inside, you'll find a spacious living room filled with natural light from an abundance of windows. The roomy kitchen offers ample cabinet space, a pantry closet, and dining nook, while the formal dining room provides additional space for gatherings and everyday living. The spacious primary bedroom connects directly to a large heated sunroom, while a second bedroom and updated full bathroom complete the main level. The usable basement adds valuable storage space and functionality. Outside, enjoy the covered front

Key facts

• Covered front porch
• 5 car garage
• Heated sunroom

Tags

• 5 CAR GARAGE
• HEATED SUNROOM
• CORNER LOT
• USABLE BASEMENT
• COVERED FRONT PORCH
• PAVER PATIO

Property features AI

Finance

• Other: Ownership is fee simple; School bus service available
• HOA & community: No master association fee required; Community features include sidewalks, street lights, and paved streets

Exterior

• Parking: Detached garage (owned) with garage door opener; Tandem configuration; Asphalt parking; Total of 5 parking spaces (5 garage spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Steel and wood siding; Asphalt roof; Brick/mortar foundation; Property is more than 100 years old; Built before 1978
• Exterior features: Patio; Corner lot

Interior

• Kitchen: Kitchen with eating area, pantry/closet
• Bedrooms: Two bedrooms (both on the main level); Master bedroom on the main level
• Flooring: Carpet in living room and dining room; Carpet in one bedroom; Wood laminate in master bedroom; Vinyl flooring in kitchen, eating area, and laundry; Heated sun room (flooring not specified)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: Seven total rooms; Basement is partial and unfinished; Separate dining room; Heated sun room (main level)
• Laundry & utility: Main-level laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $461 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Cap rate 12.1% vs local median 7.8% in Streator — 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 63/100 on livability (#752 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: amenities F, commute F, employment F.
• Streator Twp Hsd 40 (town): math 11% / reading 19% proficiency, ranked #513 of 620 in IL (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Streator Twp High School (math 11% / reading 19%, grade F, #462 of 693 statewide, top 68%, 809 students, 0% FRL).
• Market conditions: 87 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 82 units permitted in LaSalle County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $656 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• LaSalle County population projected at -16% 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 $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 12y 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.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $94,900

Questions for the listing agent

1. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.60% ✓
• Cap rate: 12.13%
• Cash-on-cash: 20.83%
• DSCR: 1.93
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $153,567
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 E Bronson St	0.29mi	2/1.0	1,236 (-9%)	4mo	$5,000	$4	68
1002 N Park St	0.41mi	3/1.5 (+1)	1,454 (+7%)	1mo	$155,000	$107	62
908 N Park St	0.44mi	2/1.0	1,451 (+7%)	10mo	$100,000	$69	60
504 Elizabeth St	0.48mi	3/2.0 (+1)	1,404 (+3%)	5mo	$251,000	$179	59
904 N Vermillion St	0.41mi	3/1.5 (+1)	1,240 (-9%)	6mo	$155,000	$125	54
616 N Everett St	0.62mi	3/2.0 (+1)	1,314 (-3%)	7mo	$149,000	$113	51
807 N Park St	0.50mi	2/1.0	1,160 (-15%)	6mo	$104,000	$90	48
914 Laura Ave	0.45mi	3/1.5 (+1)	1,498 (+10%)	11mo	$225,000	$150	46
305 W 3rd St	0.60mi	3/1.0 (+1)	1,205 (-11%)	8mo	$150,000	$124	42
1019 Polk St	0.63mi	2/1.0	1,190 (-12%)	10mo	$78,000	$66	41
703 Iowa Ave	0.73mi	3/1.5 (+1)	1,215 (-11%)	4mo	$148,000	$122	38
305 W Grant St	0.64mi	3/1.0 (+1)	1,172 (-14%)	8mo	$105,000	$90	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: 13.3%
• Equity multiple: 1.53×
• Total profit: $14,071
• Equity at exit: $14,150

10-year hold

• IRR: 22.2%
• Equity multiple: 2.90×
• Total profit: $50,372
• Equity at exit: $8,205

Cash invested: $26,572 (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 61364

• Home prices YoY: -31.1%
• Active inventory: 87
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,514 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$198 /mo · $2,376/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $461

Break-even live

Break-even rent $931

Max offer price $94,900

Occupancy floor 65%

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Kelly St Streator, IL	3.0	1.0	1280	$1,750	$1.37	7d	1	0.49mi
402 S Illinois St Streator, IL	2.0	1.0	1116	$1,550	$1.39	22d	1	1.37mi
514 Lundy St Streator, IL	3.0	1.0	1174	$1,700	$1.45	4d	1	1.41mi
503 S Bloomington St Streator, IL	3.0	1.0	1200	$1,500	$1.25	24d	1	1.46mi

Listing history 7 events

1. 2026-06-19
   days on market $94,900 Active 7 DOM
2. 2026-06-18
   days on market $94,900 Active 6 DOM
3. 2026-06-17
   days on market $94,900 Active 5 DOM
4. 2026-06-16
   days on market $94,900 Active 4 DOM
5. 2026-06-15
   days on market $94,900 Active 3 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $94,900 Active 1 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: $2,376 · $198/mo
• Projected year-2 tax: $2,376 · $198/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $18,174
• − Mortgage interest: −$5,316
• − Property taxes: −$2,376
• − Insurance: −$474
• − Repairs & maintenance: −$1,454
• − Management: −$1,454
• − Depreciation: −$2,761
• Taxable income: $4,339
• Est. tax owed @ 24.0%: −$1,041
• After-tax cash flow: $4,494/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: Streator Twp Hsd 40
• NCES district ID: 1738100
• Math proficiency: 11% ▼ -4.00%
• Reading proficiency: 19% ▼ -1.00%
• Median HH income: $43,002
• Composite: 13.07/100
• National rank: #9561
• State rank: #513 of 620 in IL

Livability — Streator

• Score: 63/100
• State rank: #752
• US rank: #15266

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Streator, IL
• County: La Salle County · 41,676 people
• City population: 17,963
• Metro: Ottawa, IL
• Population (ZIP): 17,963
• Household income: $59,060
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 450.0

Population outlook (LaSalle County) Hauer SSP2

• Today (2025): 107,080 people
• By 2030: 104,196 · -2.7%
• By 2040: 97,413 · -9.0%
• By 2050: 90,294 · -15.7%
• By 2075: 76,252 · -28.8%
• By 2100: 61,339 · -42.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 11% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · LaSalle

• 2024 margin: R (+18.5) · D 40.1% · R 58.6% · Other 1.3%
• 2008→2024 swing: -29.6pp toward R · 2008: 11.1pp · 2024: -18.5pp
• All cycles: 2024: R+18.5 2020: R+14.3 2016: R+14.4 2012: R+0.4 2008: D+11.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.28%
• Current HPI: 233.5533
• Rent YoY: —
• Metro: Ottawa, 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

3 events — show timeline

• 2026-06-12 Listed $94,900 MRED as Distributed by MLS Grid
• 2015-01-31 Listing Removed — MRED as Distributed by MLS Grid
• 2014-01-15 Listed — MRED as Distributed by MLS Grid

Property tax history

+4.1%/yr

Latest (2024): $2,376 · +15.2% YoY. Source: county tax records.