60 S 11th Ave · Canton, IL 61520

$47,500

2 bd · 1.0 ba · 684 sqft · SingleFamily public records · 7 Days on market

Built 1958 8,584 sqft lot Est $46k · at est.

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +5.9/15.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming, low maintenance, 2 bed, 1 bath home located on a corner lot. This home is move-in ready and recent updates include: New water heater, updated bathroom, fresh paint, and some newer flooring. Full basement is clean, perfect for storage, and just waiting to be finished. Sold "As-Is". Current taxes do not reflect an Owner Occupied exemption.

Key facts

• 8,584 sq ft lot
• Garage
• Built 1958

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer; Electric service
• Home design: Single-family residence; Built in 1958; One-story main level with upper, lower and basement levels
• Construction: Shingle roof; Not new construction
• Exterior features: Corner lot; Lot dimensions approximately 58 x 148

Interior

• Kitchen: Refrigerator
• Bedrooms: 2 bedrooms (main level: two bedrooms with egress windows)
• Flooring: Carpet in bedrooms and living areas; Tile in kitchen; Other flooring in basement laundry
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air; High-efficiency heating; Gas water heater
• Interior features: Ceiling fan(s); Full basement
• Laundry & utility: Basement laundry area

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $48k.

Deal economics

• At list price, monthly cash flow is $625 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Cap rate 22.1% vs local median 7.9% in Canton — 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 72/100 on livability (#318 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Canton Union SD 66 (town): math 19% / reading 23% proficiency, ranked #417 of 620 in IL (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Canton High School (math 22% / reading 27%, grade F, #256 of 693 statewide, top 44%, 641 students, 0% FRL) — zoned schools average 0% FRL vs 46% district-wide (46 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 108 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 14 units permitted in Fulton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $328 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Fulton 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 + 3.0% rent growth), your $13k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 9y 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 $30k; list at $48k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $47,500

Questions for the listing agent

1. Built in 1958 — 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. 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.
5. 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.
6. 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: 2.53% ✓
• Cap rate: 22.08%
• Cash-on-cash: 56.38%
• DSCR: 3.51
• GRM: 3.3

CMA / ARV

• ARV (on-the-fly): $45,828
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
246 Haffner Blvd	0.29mi	2/1.0	676 (-1%)	8mo	$35,000	$52	78
1025 E Locust St	0.25mi	2/1.0	672 (-2%)	20mo	$40,000	$60	69
270 N 11th Ave	0.30mi	2/1.0	672 (-2%)	20mo	$56,000	$83	67
215 Haffner Blvd	0.26mi	2/1.0	768 (+12%)	16mo	$108,000	$141	54
1140 E Myrtle St	0.63mi	2/1.0	744 (+9%)	3mo	$87,500	$118	54
559 E Pine St	0.36mi	3/1.0 (+1)	740 (+8%)	15mo	$46,500	$63	52
325 Iris Ct	0.37mi	3/1.0 (+1)	720 (+5%)	23mo	$69,900	$97	50
245 Haffner Blvd	0.30mi	2/1.0	780 (+14%)	21mo	$52,000	$67	45
543 N 6th Ave	0.61mi	2/1.0	753 (+10%)	20mo	$45,900	$61	38

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: 54.8%
• Equity multiple: 3.41×
• Total profit: $32,117
• Equity at exit: $7,082

10-year hold

• IRR: 59.9%
• Equity multiple: 6.96×
• Total profit: $79,275
• Equity at exit: $4,107

Cash invested: $13,300 (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 61520

• Active inventory: 108
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,200 medium
• Mortgage (P&I): −$249
• Tax from tax record: −$54 /mo · $651/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $625

Break-even live

Break-even rent $409

Max offer price $47,500

Occupancy floor 43%

Sensitivity live

Price	-10% $652	-5% $638	+0% $625	+5% $611	+10% $598
Rent	-10% $530	-5% $577	+0% $625	+5% $672	+10% $720
Rate	-1.0pp $649	-0.5pp $637	base $625	+0.5pp $613	+1.0pp $600

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: $11,875
• Closing costs: $1,425
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
437 N 8th Ave Canton, IL	2.0	1.0	690	$1,200	$1.74	14d	1	0.47mi

Listing history 8 events

1. 2026-06-21
   status $47,500 Pending 7 DOM
2. 2026-06-18
   days on market $47,500 Active 7 DOM
3. 2026-06-17
   days on market $47,500 Active 6 DOM
4. 2026-06-16
   days on market $47,500 Active 5 DOM
5. 2026-06-15
   days on market $47,500 Active 4 DOM
6. 2026-06-13
   days on market $47,500 Active 2 DOM
7. 2026-06-12
   remarks 343-char remark
8. 2026-06-12
   listed $47,500 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: $651 · $54/mo
• Projected year-2 tax: $865 · $72/mo
• Expected delta: +$214/yr (+$18/mo · 32.8%)

ⓘ 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 ≥105°F today · 18 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,400
• − Mortgage interest: −$2,661
• − Property taxes: −$651
• − Insurance: −$238
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$1,382
• Taxable income: $7,165
• Est. tax owed @ 24.0%: −$1,720
• After-tax cash flow: $5,779/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: Canton Union SD 66
• NCES district ID: 1708280
• Math proficiency: 19% ▼ -10.00%
• Reading proficiency: 23% ▼ -12.00%
• Median HH income: $42,657
• Composite: 18.03/100
• National rank: #8980
• State rank: #417 of 620 in IL

Livability — Canton

• Score: 72/100
• State rank: #318
• US rank: #6313

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canton, IL
• Population (ZIP): 16,098

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 33,356 people
• By 2030: 32,144 · -3.6%
• By 2040: 29,518 · -11.5%
• By 2050: 26,775 · -19.7%
• By 2075: 19,972 · -40.1%
• By 2100: 13,580 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 5% Hispanic / Latino 4% Two or more races 4% Native American 1%
• Common ancestry: Slovak 3% Lithuanian 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Fulton

• 2024 margin: Strong R (+23.8) · D 37.1% · R 60.9% · Other 2.0%
• 2008→2024 swing: -45.2pp toward R · 2008: 21.3pp · 2024: -23.8pp
• All cycles: 2024: R+23.8 2020: R+20.1 2016: R+15.1 2012: D+11.1 2008: D+21.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.00%
• Current HPI: 123.8086
• 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

+268.2% since first listed

6 events — show timeline

• 2026-06-11 Listed $47,500 RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2019-11-12 Sold (MLS) $30,000 RMLSA as Distributed by MLS Grid
• 2018-10-01 Listed $34,900 RMLSA as Distributed by MLS Grid
• 2017-06-15 Sold (MLS) $19,000 RMLSA as Distributed by MLS Grid
• 2017-01-27 Listed $12,900 RMLSA as Distributed by MLS Grid

Property tax history

-2.6%/yr

Latest (2024): $651 · +8.0% YoY. Source: county tax records.