712 Roosevelt Ave · Kewanee, IL 61443

$69,900

2 bd · 1.0 ba · 912 sqft · SingleFamily public records · 165 Days on market

Built 1921 7,000 sqft lot $77/sqft · 17% above area Est $60k · 17% over

---

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 +23.8/30.0
• 1% rule +7.7/10.0
• DSCR +7.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

Key facts

• Alley access
• Natural woodwork
• Built-in cabinets

Tags

• VINYL SIDING
• DETACHED GARAGE
• ALLEY ACCESS
• NATURAL WOODWORK
• HARDWOOD FLOORS
• BUILT-IN CABINETS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $134 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($885 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#409 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools F, crime D-, amenities F.
• Kewanee CUSD 229 (town): math 8% / reading 20% proficiency, ranked #540 of 620 in IL (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 39 active listings in the ZIP; 32 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Henry County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 165 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1921 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 165 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is D 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.27% ✓
• Cap rate: 8.59%
• Cash-on-cash: 8.22%
• DSCR: 1.37
• GRM: 6.6

CMA / ARV

• ARV (median comp): $59,643
• List price: $69,900
• Delta: 17.20%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
716 Morton Ave	0.34mi	2/1.0	912 (0%)	2mo	$94,000	$103	82
414 E Oak St	0.33mi	2/1.0	912 (0%)	8mo	$80,000	$88	78
414 E Oak St	0.33mi	2/1.0	912 (0%)	8mo	$80,000	$88	78
518 E Division St	0.17mi	2/1.0	875 (-4%)	12mo	$88,000	$101	75
518 E Division St	0.17mi	2/1.0	875 (-4%)	12mo	$88,000	$101	75
727 Gilbert St	0.31mi	2/1.0	918 (+1%)	12mo	$80,500	$88	75
727 Gilbert St	0.31mi	2/1.0	918 (+1%)	12mo	$80,500	$88	75
419 E Church St	0.44mi	2/1.0	840 (-8%)	11mo	$78,500	$93	57
419 E Church St	0.44mi	2/1.0	840 (-8%)	11mo	$78,500	$93	57
341 Willard St	0.70mi	2/1.0	832 (-9%)	9mo	$60,000	$72	46
341 Willard St	0.70mi	2/1.0	832 (-9%)	9mo	$60,000	$72	46
136 W Mill St	0.73mi	3/1.0 (+1)	1,039 (+14%)	1mo	$107,000	$103	37

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: -3.7%
• Equity multiple: 0.86×
• Total profit: $-2,728
• Equity at exit: $10,422

10-year hold

• IRR: 6.1%
• Equity multiple: 1.45×
• Total profit: $8,874
• Equity at exit: $6,044

Cash invested: $19,572 (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 61443

• Active inventory: 39
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $885 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$169 /mo · $2,033/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$186
• Net cashflow: $134

Break-even live

Break-even rent $715

Max offer price $69,900

Occupancy floor 80%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $69,900 Active 165 DOM
2. 2026-06-17
   days on market $69,900 Active 164 DOM
3. 2026-06-16
   days on market $69,900 Active 163 DOM
4. 2026-06-15
   days on market $69,900 Active 162 DOM
5. 2026-06-13
   days on market $69,900 Active 160 DOM
6. 2026-06-12
   days on market $69,900 Active 159 DOM
7. 2026-06-09
   days on market $69,900 Active 156 DOM
8. 2026-06-08
   days on market $69,900 Active 155 DOM
9. 2026-06-07
   days on market $69,900 Active 154 DOM
10. 2026-06-05
    days on market $69,900 Active 152 DOM
11. 2026-06-04
    days on market $69,900 Active 150 DOM
12. 2026-06-03
    days on market $69,900 Active 149 DOM
13. 2026-01-29
    status Active 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

14. 2026-01-25
    historical 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

15. 2026-01-20
    status Active 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

16. 2026-01-14
    historical 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

17. 2026-01-06
    historical 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

18. 2025-09-02
    price 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

19. 2025-08-13
    price 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

20. 2025-07-07
    listed Active 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

21. 2025-06-27
    historical 412-char remark

    Show marketing remark (412 chars)

    Quiet neighborhood great location for this 2-bedroom bungalow with vinyl siding and detached 2 car garage with alley access. Natural woodwork and hardwood floors throughout. Built-in cabinets in bath. Kitchen sink and countertop are 3 years old. Kitchen has a wall of cabinets. Nice enclosed screened front porch. Several replacement windows. Appliances stay but not warranted. Owner is in the process of moving.

22. 2023-01-05
    soldstatus $62,500

ⓘ 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: $2,033 · $169/mo
• Projected year-2 tax: $2,033 · $169/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 ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,620
• − Mortgage interest: −$3,915
• − Property taxes: −$2,033
• − Insurance: −$350
• − Repairs & maintenance: −$850
• − Management: −$850
• − Depreciation: −$2,033
• Taxable income: $589
• Est. tax owed @ 24.0%: −$141
• After-tax cash flow: $1,467/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: Kewanee CUSD 229
• NCES district ID: 1721000
• Math proficiency: 8% ▼ -8.00%
• Reading proficiency: 20% ▼ -12.00%
• Median HH income: $38,294
• Composite: 11.77/100
• National rank: #9682
• State rank: #540 of 620 in IL

Livability — Kewanee

• Score: 69/100
• State rank: #409
• US rank: #8423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kewanee, IL
• Population (ZIP): 13,529

Population outlook (Henry County) Hauer SSP2

• Today (2025): 47,376 people
• By 2030: 45,920 · -3.1%
• By 2040: 42,829 · -9.6%
• By 2050: 39,606 · -16.4%
• By 2075: 31,848 · -32.8%
• By 2100: 23,503 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 11% Black 6% Two or more races 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Romanian 4% English 3% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Henry

• 2024 margin: Strong R (+24.5) · D 36.8% · R 61.3% · Other 1.9%
• 2008→2024 swing: -32.2pp toward R · 2008: 7.7pp · 2024: -24.5pp
• All cycles: 2024: R+24.5 2020: R+21.4 2016: R+21.2 2012: D+3.1 2008: D+7.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.32%
• Current HPI: 121.8672
• 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

10 events — show timeline

• 2026-01-29 Relisted — MRED as Distributed by MLS Grid
• 2026-01-25 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-20 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-09-02 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-08-13 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-07-07 Listed — RMLSA as Distributed by MLS Grid
• 2025-06-27 Coming Soon — RMLSA as Distributed by MLS Grid
• 2023-01-05 Sold (Public Records) $62,500 Public Records

Property tax history

+1.8%/yr

Latest (2024): $2,033 · -16.5% YoY. Source: county tax records.