1303 N Kellogg St · Galesburg, IL 61401

$92,500

3 bd · 1.0 ba · 1,014 sqft · SingleFamily public records · 2 Days on market

Built 1890 0.30 ac lot $91/sqft · at area comps Est $116k · 21% under

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Why this score? — see what drove the C 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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +5.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is the one you have been looking for! This home features a beautifully updated kitchen with all new cabinets, solid surface counter tops, and tile flooring. You can finally have that kitchen of your dreams! But the updates don't stop there. The bathroom has also been completely renovated with a tile walk in shower highlighted by the beautiful sliding glass door, a new solid surface vanity, and tile flooring. Make your way to the large master bedroom and enjoy finally being able to store all of those clothes in your two large walk in closets. The home also features a partially finished basement great for additional living space and maintenance free vinyl siding. Outside you will find a 1.5 car garage with an attached workshop that is great for the hobbyist and two sheds great for extra storage. This home has so much to offer at a great price. Schedule your showing today.

Key facts

• 0.3 acre lot
• Garage
• Built 1890

Property features AI

Finance

• Other: Living area reported as 1,222; Building area reported as 1,014; Lot dimensions approximately 66 x 198 (0.3 acre)

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Built in 1890; Residential zoning
• Construction: Shingle roof
• Exterior features: Shed(s); Level lot; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator
• Bedrooms: 3 bedrooms (primary bedroom on main level; other bedrooms on main level)
• Flooring: Carpet in bedrooms and bonus room; Laminate in living and dining areas; Tile in kitchen and laundry
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Gas water heater; Central air conditioning; High-efficiency heating, air conditioning, and water heater
• Interior features: Solid surface counters; Ceiling fan(s); Partial, partially finished basement; Egress windows in bedrooms
• Laundry & utility: Washer; Dryer; Laundry room on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $102 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).

Location & tenants

• Location reads 70/100 on livability (#367 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, commute F, employment D-.
• Galesburg CUSD 205 (town): math 13% / reading 22% proficiency, ranked #488 of 620 in IL (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Galesburg Senior High School (math 19% / reading 24%, grade F, #345 of 693 statewide, top 50%, 1,762 students, 0% FRL) — zoned schools average 0% FRL vs 60% district-wide (60 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 198 active listings in the ZIP; 1 comparable units currently listed for rent nearby.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $640 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Knox County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 25y 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.
• Current owner paid $60k; list at $92k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,500

Questions for the listing agent

1. Built in 1890 — 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: 1.08% ✓
• Cap rate: 7.61%
• Cash-on-cash: 4.71%
• DSCR: 1.21
• GRM: 7.7

CMA / ARV

• ARV (median comp): $116,496
• List price: $92,500
• Delta: -20.60%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1428 Brown Ave	0.49mi	3/1.0	1,016 (+0%)	0mo	$64,500	$63	76
1416 N Kellogg St	0.10mi	2/1.5 (-1)	1,080 (+6%)	1mo	$123,000	$114	76
465 Fifer St	0.15mi	3/1.0	936 (-8%)	8mo	$82,000	$88	73
1064 Johnston St	0.67mi	3/1.0	1,048 (+3%)	1mo	$126,000	$120	62
1400 N Broad St	0.30mi	3/1.5	1,116 (+10%)	9mo	$110,000	$99	60
1395 Clark St	0.59mi	2/1.0 (-1)	1,008 (-1%)	9mo	$91,238	$91	59
1050 E Fremont St	0.65mi	3/1.0	1,040 (+3%)	8mo	$90,400	$87	59
845 E Losey St	0.73mi	2/2.0 (-1)	1,003 (-1%)	1mo	$123,900	$124	54
1097 N Academy St	0.53mi	3/1.5	1,094 (+8%)	8mo	$40,000	$37	53
712 Beecher Ave	0.60mi	3/1.0	1,110 (+10%)	4mo	$48,000	$43	53
784 Florence Ave	0.61mi	2/1.0 (-1)	944 (-7%)	6mo	$138,000	$146	50
1095 N West St	0.46mi	3/2.0	896 (-12%)	8mo	$88,000	$98	48

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: -8.9%
• Equity multiple: 0.67×
• Total profit: $-8,470
• Equity at exit: $13,792

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $1,145
• Equity at exit: $7,998

Cash invested: $25,900 (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 61401

• Active inventory: 198
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,000 medium
• Mortgage (P&I): −$485
• Tax from tax record: −$165 /mo · $1,977/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $102

Break-even live

Break-even rent $871

Max offer price $92,500

Occupancy floor 85%

Sensitivity live

Price	-10% $154	-5% $128	+0% $102	+5% $75	+10% $49
Rent	-10% $23	-5% $62	+0% $102	+5% $141	+10% $181
Rate	-1.0pp $148	-0.5pp $125	base $102	+0.5pp $78	+1.0pp $53

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: $23,125
• Closing costs: $2,775
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1156 E Losey St Galesburg, IL	3.0	1.0	1500	$1,000	$0.67	44d	1	0.93mi

Listing history 13 events

1. 2026-05-31
   statusdays on market $92,500 Pending 2 DOM
2. 2026-05-12
   historical $92,500 388-char remark
3. 2020-02-27
   soldstatus $60,000
4. 2020-02-26
   soldstatus $60,000 893-char remark

   Show marketing remark (893 chars)

   This is the one you have been looking for! This home features a beautifully updated kitchen with all new cabinets, solid surface counter tops, and tile flooring. You can finally have that kitchen of your dreams! But the updates don't stop there. The bathroom has also been completely renovated with a tile walk in shower highlighted by the beautiful sliding glass door, a new solid surface vanity, and tile flooring. Make your way to the large master bedroom and enjoy finally being able to store all of those clothes in your two large walk in closets. The home also features a partially finished basement great for additional living space and maintenance free vinyl siding. Outside you will find a 1.5 car garage with an attached workshop that is great for the hobbyist and two sheds great for extra storage. This home has so much to offer at a great price. Schedule your showing today.

5. 2019-12-19
   listed $64,900 893-char remark

   Show marketing remark (893 chars)

   This is the one you have been looking for! This home features a beautifully updated kitchen with all new cabinets, solid surface counter tops, and tile flooring. You can finally have that kitchen of your dreams! But the updates don't stop there. The bathroom has also been completely renovated with a tile walk in shower highlighted by the beautiful sliding glass door, a new solid surface vanity, and tile flooring. Make your way to the large master bedroom and enjoy finally being able to store all of those clothes in your two large walk in closets. The home also features a partially finished basement great for additional living space and maintenance free vinyl siding. Outside you will find a 1.5 car garage with an attached workshop that is great for the hobbyist and two sheds great for extra storage. This home has so much to offer at a great price. Schedule your showing today.

6. 2019-11-18
   historical
7. 2018-12-12
   soldstatus $61,000
8. 2018-06-02
   listed $69,900
9. 2006-04-17
   soldstatus $79,900
10. 2006-04-17
    soldstatus $80,000
11. 2006-03-27
    listed $79,900
12. 2002-02-15
    soldstatus $22,000
13. 2001-10-09
    listed $34,900

ⓘ 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: $1,977 · $165/mo
• Projected year-2 tax: $2,038 · $170/mo
• Expected delta: +$61/yr (+$5/mo · 3.1%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,000
• − Mortgage interest: −$5,181
• − Property taxes: −$1,977
• − Insurance: −$462
• − Repairs & maintenance: −$960
• − Management: −$960
• − Depreciation: −$2,691
• Taxable loss: −$232
• Est. tax savings @ 24.0%: +$56
• After-tax cash flow: $1,275/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: Galesburg CUSD 205
• NCES district ID: 1716080
• Math proficiency: 13% ▼ -8.00%
• Reading proficiency: 22% ▼ -11.00%
• Median HH income: $35,901
• Composite: 14.46/100
• National rank: #9427
• State rank: #488 of 620 in IL

Livability — Galesburg

• Score: 70/100
• State rank: #367
• US rank: #7601

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galesburg, IL
• City population: 32,318
• Population (ZIP): 30,684

Population outlook (Knox County) Hauer SSP2

• Today (2025): 48,224 people
• By 2030: 46,333 · -3.9%
• By 2040: 42,424 · -12.0%
• By 2050: 38,929 · -19.3%
• By 2075: 31,523 · -34.6%
• By 2100: 24,092 · -50.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 8% Hispanic / Latino 8% Two or more races 8% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 2% Serbian 1% Slovak 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 5% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Knox

• 2024 margin: Lean R (+9.4) · D 44.4% · R 53.7% · Other 1.9%
• 2008→2024 swing: -29.3pp toward R · 2008: 19.9pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+5.6 2016: R+3.3 2012: D+17.1 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.48%
• Current HPI: 157.276
• 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

+165.0% since first listed

14 events — show timeline

• 2026-05-30 Pending — RMLSA as Distributed by MLS Grid
• 2026-05-28 Listed $92,500 RMLSA as Distributed by MLS Grid
• 2026-05-12 Coming Soon $92,500 RMLSA as Distributed by MLS Grid
• 2020-02-27 Sold (Public Records) $60,000 Public Records
• 2020-02-26 Sold (MLS) $60,000 RMLSA as Distributed by MLS Grid
• 2019-12-19 Listed $64,900 RMLSA as Distributed by MLS Grid
• 2019-11-18 Listing Removed — RMLSA as Distributed by MLS Grid
• 2018-12-12 Sold (MLS) $61,000 RMLSA as Distributed by MLS Grid
• 2018-06-02 Listed $69,900 RMLSA as Distributed by MLS Grid
• 2006-04-17 Sold (Public Records) $80,000 Public Records
• 2006-04-17 Sold (MLS) $79,900 RMLSA as Distributed by MLS Grid
• 2006-03-27 Listed $79,900 RMLSA as Distributed by MLS Grid
• 2002-02-15 Sold (MLS) $22,000 RMLSA as Distributed by MLS Grid
• 2001-10-09 Listed $34,900 RMLSA as Distributed by MLS Grid

Property tax history

+2.5%/yr

Latest (2025): $1,977 · +7.5% YoY. Source: county tax records.