1719 Carney Ave · Rockford, IL 61103

$75,000

2 bd · 1.0 ba · 894 sqft · SingleFamily · 8 Days on market

Built 1940 4,791 sqft lot Est $88k · 14% 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 +14.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Rent growth +4.5/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special! This 2 bedroom, 1 bathroom home with detached 1-car garage is ready for a full renovation and offers a great opportunity for rehabbers. The home features a spacious living room, separate dining area, arched doorways, original hardwood flooring in portions of the home and a full basement. Exterior features include a detached garage and wooden deck. Property needs extensive work and is being sold strictly as-is. Cash only. Use caution when viewing.

Key facts

• Full basement
• Full renovation
• Wooden deck

Tags

• FULL RENOVATION
• DETACHED GARAGE
• WOODEN DECK
• ORIGINAL HARDWOOD FLOORING
• FULL BASEMENT

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence (house); Residential property
• Exterior features: Shingle roof

Interior

• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced air heating
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $350 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 11.9% vs local median 6.1% in Rockford — 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 62/100 on livability (#876 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Rockford SD 205 (urban): math 12% / reading 16% proficiency, ranked #533 of 620 in IL (top 86%) — 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.
• Zoned schools: R K Welsh Elem School (math 7% / reading 7%, grade F, #1,719 of 2,056 statewide, top 84%, 435 students, 0% FRL); West Middle School (math 3% / reading 11%, grade F, #627 of 665 statewide, top 95%, 849 students, 0% FRL); Guilford High School (math 15% / reading 28%, grade F, #345 of 693 statewide, top 50%, 2,071 students, 0% FRL) — zoned schools average 0% FRL vs 73% district-wide (73 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+8.1%/yr); 103 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 285 units permitted in Winnebago County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Winnebago County population projected at -20% 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 $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 8 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 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1940 — 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: 1.49% ✓
• Cap rate: 11.89%
• Cash-on-cash: 20.00%
• DSCR: 1.89
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $87,612
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1719 Carney Ave	0.00mi	2/1.0	894 (0%)	0mo	$50,000	$56	100
1707 Carney Ave	0.03mi	2/1.0	774 (-13%)	3mo	$71,000	$92	74
1707 Carney Ave	0.03mi	2/1.0	774 (-13%)	3mo	$71,000	$92	74
1816 N Winnebago St	0.11mi	2/1.0	1,009 (+13%)	6mo	$76,000	$75	68
933 Ridge Ave	0.61mi	2/1.0	915 (+2%)	8mo	$90,000	$98	61
2804 Gladstone Ave	0.64mi	3/1.0 (+1)	864 (-3%)	7mo	$105,000	$122	54
1807 Bell Ave	0.57mi	3/1.0 (+1)	820 (-8%)	4mo	$139,900	$171	51
2828 Ridgeway Ave	0.52mi	2/1.0	1,009 (+13%)	7mo	$90,000	$89	48
3015 Custer Ave	0.67mi	2/1.5	832 (-7%)	9mo	$150,000	$180	48
2216 N Court St	0.53mi	3/1.0 (+1)	1,000 (+12%)	3mo	$125,000	$125	48
2916 Kenmore Ave	0.56mi	2/1.0	759 (-15%)	8mo	$125,000	$165	43
902 N Horsman St	0.72mi	3/1.0 (+1)	1,008 (+13%)	0mo	$35,000	$35	40

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: 17.8%
• Equity multiple: 1.76×
• Total profit: $16,051
• Equity at exit: $11,183

10-year hold

• IRR: 29.6%
• Equity multiple: 4.31×
• Total profit: $69,593
• Equity at exit: $6,485

Cash invested: $21,000 (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 61103

• Home prices YoY: -27.3%
• Rents YoY: 8.1%
• Active inventory: 103
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,115 high
• Mortgage (P&I): −$393
• Tax from tax record: −$106 /mo · $1,276/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $350

Break-even live

Break-even rent $672

Max offer price $75,000

Occupancy floor 64%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2008 Auburn St Unit 2008-1E Rockford, IL	1.0	1.0	850	$925	$1.09	20d	1	0.21mi
1904 Auburn St Unit 1904-2 Rockford, IL	1.0	1.0	700	$950	$1.36	44d	1	0.25mi
1904 Auburn St Unit 1904-4 Rockford, IL	2.0	1.0	800	$1,050	$1.31	43d	1	0.26mi
1401 N Court St Rockford, IL	2.0	1.0	850	$950	$1.12	43d	1	0.47mi
1614 Pauline Ave Rockford, IL	2.0	1.0	956	$1,400	$1.46	43d	1	0.49mi
912 Haskell Ave Unit 912-10 Rockford, IL	1.0	1.0	575	$825	$1.43	20d	1	0.60mi
912 Haskell Ave Unit 912-2 Rockford, IL	1.0	1.0	575	$825	$1.43	13d	1	0.60mi
1832 N Main St Rockford, IL	2.0–3.0	1.0–2.0	872	$999	$1.14	13d	1	0.61mi
2516 N Rockton Ave #4 Rockford, IL	1.0	1.0	550	$850	$1.55	43d	1	0.65mi
1121 N Church St Rockford, IL	2.0	1.0	900	$1,200	$1.33	20d	1	0.67mi
2208 Fremont St Rockford, IL	3.0	1.0	938	$1,400	$1.49	13d	1	0.71mi
920 N Church St Rockford, IL	2.0	1.0	750	$1,295	$1.73	13d	4	0.74mi
939 N Church St Unit 939-9 Rockford, IL	1.0	1.0	750	$925	$1.23	43d	1	0.77mi
829 N Court St Unit 829-15 Rockford, IL	1.0	1.0	675	$895	$1.33	20d	1	0.79mi
829 N Court St Unit 829-12 Rockford, IL	1.0	1.0	675	$850	$1.26	43d	1	0.79mi
2215 Hecker Ave Unit 2215 Rockford, IL	3.0	1.0	800	$1,095	$1.37	43d	1	0.81mi
929 N Main St Rockford, IL	1.0	1.0	662	$999	$1.51	13d	1	0.84mi
203 Carlton Ter Rockford, IL	2.0	1.0	900	$1,250	$1.39	20d	1	0.84mi
2019 Overdene Ave Rockford, IL	3.0	1.0	875	$1,500	$1.71	43d	1	0.85mi
2019 Overdene Ave Rockford, IL	3.0	1.0	875	$1,400	$1.60	13d	1	0.85mi
1823 Overdene Ave Rockford, IL	3.0	1.0	875	$1,400	$1.60	13d	1	0.87mi
1823 Overdene Ave Rockford, IL	3.0	1.0	875	$1,500	$1.71	20d	1	0.87mi
913 N Main St Rockford, IL	2.0	1.0–2.0	1050	$2,300	$2.19	20d	1	0.89mi
2330 Kilburn Ave Rockford, IL	2.0–3.0	1.0–2.0	950	$999	$1.05	13d	1	0.92mi
2202 Hancock St Unit 2202-3H Rockford, IL	1.0	1.0	550	$875	$1.59	43d	1	1.04mi
529 N Main St Rockford, IL	1.0	1.0	562	$950	$1.69	13d	4	1.05mi
1118 Furman St Unit 1118-13 Rockford, IL	1.0	1.0	650	$995	$1.53	20d	1	1.05mi
1118 Furman St Unit 1118-15 Rockford, IL	1.0	1.0	650	$995	$1.53	43d	1	1.05mi
912 Furman St Rockford, IL	2.0	1.0	1000	$1,300	$1.30	13d	1	1.09mi
1116 Irving Ave Unit 1116-301 Rockford, IL	2.0	1.0	800	$950	$1.19	20d	1	1.14mi
2306 Melrose St Unit 23062-N Rockford, IL	1.0	1.0	900	$950	$1.06	20d	1	1.20mi
411 Mulberry St Rockford, IL	1.0	1.0	415	$1,025	$2.47	13d	25	1.25mi
607 N 2nd St Unit 607-6 Rockford, IL	2.0	1.0	875	$950	$1.09	43d	1	1.36mi
2535 Halsted Rd Rockford, IL	3.0	1.0–1.5	850	$1,232	$1.45	13d	1	1.40mi
924 N Sunset Ave Rockford, IL	2.0	1.0	725	$1,050	$1.45	13d	1	1.41mi
226 S Main St Rockford, IL	1.0	1.0	1066	$1,560	$1.46	13d	3	1.49mi

Listing history 6 events

1. 2026-05-31
   status $75,000 Pending 8 DOM
2. 2026-05-30
   days on market $75,000 Active 8 DOM
3. 2026-05-22
   listed $75,000 Active 468-char remark

   Show marketing remark (468 chars)

   Investor special! This 2 bedroom, 1 bathroom home with detached 1-car garage is ready for a full renovation and offers a great opportunity for rehabbers. The home features a spacious living room, separate dining area, arched doorways, original hardwood flooring in portions of the home and a full basement. Exterior features include a detached garage and wooden deck. Property needs extensive work and is being sold strictly as-is. Cash only. Use caution when viewing.

4. 2026-05-21
   listed $75,000 Active
5. 1989-03-06
   soldstatus $72,000
6. 1989-03-06
   soldstatus $72,000

ⓘ 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: $1,276 · $106/mo
• Projected year-2 tax: $1,489 · $124/mo
• Expected delta: +$213/yr (+$18/mo · 16.7%)

ⓘ 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 2/10 Low 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,380
• − Mortgage interest: −$4,201
• − Property taxes: −$1,276
• − Insurance: −$375
• − Repairs & maintenance: −$1,070
• − Management: −$1,070
• − Depreciation: −$2,182
• Taxable income: $3,205
• Est. tax owed @ 24.0%: −$769
• After-tax cash flow: $3,430/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: Rockford SD 205
• NCES district ID: 1734510
• Math proficiency: 12% ▼ -2.00%
• Reading proficiency: 16% ▼ -3.00%
• Median HH income: $42,533
• Composite: 12.21/100
• National rank: #9649
• State rank: #533 of 620 in IL

Livability — Rockford

• Score: 62/100
• State rank: #876
• US rank: #17035

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockford, IL
• County: Winnebago County · 147,297 people
• City population: 147,297
• Metro: Rockford, IL
• Population (ZIP): 22,869
• Household income: $51,161
• Rent vs Own: 48.4% rent · 51.6% own
• Severe rent burden: 1402.0

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 271,080 people
• By 2030: 260,684 · -3.8%
• By 2040: 238,405 · -12.1%
• By 2050: 216,129 · -20.3%
• By 2075: 172,882 · -36.2%
• By 2100: 135,336 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 56% Black 25% Two or more races 13% Hispanic / Latino 12%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Portuguese 2% Italian 2%
• Foreign-born: 7% · Canada
• Languages at home: 88% English-only · Spanish 9% Russian/Polish/Slavic 1%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 49.5% · R 49.0% · Other 1.5%
• 2008→2024 swing: -12.2pp toward R · 2008: 12.8pp · 2024: 0.6pp
• All cycles: 2024: D+0.6 2020: D+2.5 2016: R+1.2 2012: D+5.7 2008: D+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.02%
• Current HPI: 215.8559
• Rent YoY: ▲ 8.11%
• Metro: Rockford, 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

+4.2% since first listed

4 events — show timeline

• 2026-05-22 Listed $75,000 MRED as Distributed by MLS Grid
• 2026-05-21 Listed $75,000 NWIAR
• 1989-03-06 Sold (Public Records) $72,000 Public Records
• 1989-03-06 Sold (Public Records) $72,000 Public Records

Property tax history

-2.0%/yr

Latest (2024): $1,276 · +10.1% YoY. Source: county tax records.