215 S Wasson St · Streator, IL 61364

$169,000

4 bd · 1.0 ba · 1,726 sqft · SingleFamily public records · 7 Days on market

Built 1917 7,841 sqft lot Est $150k · 13% over

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Why this score? — see what drove the D+ 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 +22.6/30.0
• DSCR +7.2/10.0
• 1% rule +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.9/15.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully cared for home has been in the same family for generations. From the fully landscaped yard, the custom handmade woodwork in kitchen, the covered patio, enclosed porch, luxury bath to the oversized garage with workshop area this home is really meant to be enjoyed. Details and character through out. Perfectly situated just out side of the downtown area if you want to just relax at home or get out and about you have the best of both worlds within reach. You won't want to miss this one. Schedule your showing today.

Key facts

• Luxury bath
• Covered patio
• Enclosed porch

Tags

• FULLY LANDSCAPED YARD
• CUSTOM HANDMADE WOODWORK
• COVERED PATIO
• ENCLOSED PORCH
• LUXURY BATH
• OVERSIZED GARAGE

Property features AI

Finance

• Other: Parcel number 3336112011
• HOA & community: No master association fee required

Exterior

• Parking: Owned garage (detached) with garage door opener — 2 garage spaces; Concrete and gravel driveway; Total parking for 4 vehicles
• Utilities: Public water; Public sewer; Electric service with fuses and 100 amp service
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership; Property is over 100 years old; Living area figures sourced from assessor
• Construction: Aluminum siding exterior; Asphalt roof; Foundation of block, brick/mortar and concrete perimeter; Built before 1978
• Exterior features: Patio; Lot dimensions approximately 57 x 140; Lot is less than 0.25 acre

Interior

• Kitchen: Kitchen with custom cabinetry (15 x 9); Range; Refrigerator
• Bedrooms: Four bedrooms total — Master bedroom on the main level (14 x 12); additional main-level bedroom (11 x 12); two second-floor bedrooms (9 x 12 and 15 x 13)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Seven total rooms; Enclosed porch (20 x 7); Dining room combined with family room; Basement is partial, unfinished with crawl space
• Laundry & utility: Laundry room; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).

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: Kimes Elem School (454 students, 0% FRL); Northlawn Jr High School (math 7% / reading 14%, grade F, #580 of 665 statewide, top 88%, 617 students, 0% FRL); Streator Twp High School (math 11% / reading 19%, grade F, #462 of 693 statewide, top 68%, 809 students, 0% FRL).
• Market conditions: 85 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 weeks tenant-placement turnaround); 82 units permitted in LaSalle County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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 1917 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,000

Questions for the listing agent

1. Built in 1917 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.00% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.28%
• DSCR: 1.32
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $150,162
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
602 S Vermillion St	0.33mi	4/2.0	1,608 (-7%)	1mo	$147,000	$91	69
110 Lasalle St	0.43mi	4/2.0	1,752 (+2%)	12mo	$155,000	$88	64
1115 E Wilson St	0.44mi	4/3.0	1,774 (+3%)	9mo	$138,500	$78	59
610 N Monroe St	0.64mi	3/2.0 (-1)	1,734 (+0%)	2mo	$175,000	$101	58
211 Penn St	0.47mi	4/2.0	1,614 (-6%)	7mo	$91,290	$57	57
114 W Washington St	0.46mi	3/1.5 (-1)	1,652 (-4%)	13mo	$144,000	$87	54
903 Milner St	0.61mi	3/2.0 (-1)	1,536 (-11%)	1mo	$210,000	$137	43
212 W Washington St	0.57mi	5/2.0 (+1)	1,960 (+14%)	1mo	$112,000	$57	41
217 W 6th St	0.64mi	4/2.5	1,890 (+10%)	13mo	$155,000	$82	37
216 Lasalle St	0.55mi	3/2.0 (-1)	1,550 (-10%)	14mo	$40,000	$26	37
213 W 6th St	0.62mi	3/1.5 (-1)	1,599 (-7%)	20mo	$135,800	$85	35
808 N Shabbona St	0.73mi	4/2.5	1,600 (-7%)	16mo	$139,000	$87	34

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: -5.2%
• Equity multiple: 0.81×
• Total profit: $-9,148
• Equity at exit: $25,198

10-year hold

• IRR: 4.4%
• Equity multiple: 1.33×
• Total profit: $15,393
• Equity at exit: $14,612

Cash invested: $47,320 (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: 85
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,696 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$96 /mo · $1,152/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $287

Break-even live

Break-even rent $1,333

Max offer price $169,000

Occupancy floor 78%

Sensitivity live

Price	-10% $383	-5% $335	+0% $287	+5% $239	+10% $191
Rent	-10% $153	-5% $220	+0% $287	+5% $354	+10% $421
Rate	-1.0pp $372	-0.5pp $330	base $287	+0.5pp $243	+1.0pp $199

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
514 Lundy St Streator, IL	3.0	1.0	1174	$1,700	$1.45	5d	1	0.17mi
514 Lundy St Streator, IL	4.0	1.5	1300	$1,700	$1.31	9d	1	0.17mi
503 S Bloomington St Streator, IL	3.0	1.0	1200	$1,500	$1.25	26d	1	0.42mi
1409 Kelly St Streator, IL	3.0	1.0	1280	$1,750	$1.37	9d	1	1.42mi

Listing history 15 events

1. 2026-06-16
   statusdays on marketlisting id $169,000 Pending 7 DOM
2. 2026-06-15
   days on market $169,000 Contingent - Continue to Show 30 DOM
3. 2026-06-14
   days on market $169,000 Contingent - Continue to Show 28 DOM
4. 2026-06-12
   days on market $169,000 Contingent - Continue to Show 27 DOM
5. 2026-06-09
   days on market $169,000 Contingent - Continue to Show 24 DOM
6. 2026-06-08
   days on market $169,000 Contingent - Continue to Show 23 DOM
7. 2026-06-07
   days on market $169,000 Contingent - Continue to Show 22 DOM
8. 2026-06-05
   days on market $169,000 Contingent - Continue to Show 19 DOM
9. 2026-06-03
   days on market $169,000 Contingent - Continue to Show 18 DOM
10. 2026-06-02
    days on market $169,000 Contingent - Continue to Show 17 DOM
11. 2026-06-01
    days on market $169,000 Contingent - Continue to Show 16 DOM
12. 2026-05-31
    days on market $169,000 Contingent - Continue to Show 15 DOM
13. 2026-05-30
    days on market $169,000 Contingent - Continue to Show 14 DOM
14. 2026-05-16
    listed $169,000 Active

    Show marketing remark (533 chars)

    This beautifully cared for home has been in the same family for generations. From the fully landscaped yard, the custom handmade woodwork in kitchen, the covered patio, enclosed porch, luxury bath to the oversized garage with workshop area this home is really meant to be enjoyed. Details and character through out. Perfectly situated just out side of the downtown area if you want to just relax at home or get out and about you have the best of both worlds within reach. You won't want to miss this one. Schedule your showing today.

15. 2026-05-16
    listed $169,000 Active 533-char remark

    Show marketing remark (533 chars)

    This beautifully cared for home has been in the same family for generations. From the fully landscaped yard, the custom handmade woodwork in kitchen, the covered patio, enclosed porch, luxury bath to the oversized garage with workshop area this home is really meant to be enjoyed. Details and character through out. Perfectly situated just out side of the downtown area if you want to just relax at home or get out and about you have the best of both worlds within reach. You won't want to miss this one. Schedule your showing today.

ⓘ 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: $1,152 · $96/mo
• Projected year-2 tax: $2,494 · $208/mo
• Expected delta: +$1,342/yr (+$112/mo · 116.5%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% 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: $20,351
• − Mortgage interest: −$9,467
• − Property taxes: −$1,152
• − Insurance: −$845
• − Repairs & maintenance: −$1,628
• − Management: −$1,628
• − Depreciation: −$4,916
• Taxable income: $714
• Est. tax owed @ 24.0%: −$171
• After-tax cash flow: $3,273/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

+0.0% since first listed

2 events — show timeline

• 2026-05-16 Listed $169,000 NWIAR
• 2026-05-16 Listed $169,000 MRED as Distributed by MLS Grid

Property tax history

-0.1%/yr

Latest (2024): $1,152 · +34.9% YoY. Source: county tax records.