419 Rockwell St · Kewanee, IL 61443

$90,000

3 bd · 1.0 ba · 1,014 sqft · SingleFamily public records · 13 Days on market

Built 1899 8,120 sqft lot Est $98k · 8% 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 +23.1/30.0
• ARV discount +11.3/15.0
• DSCR +7.4/10.0
• 1% rule +6.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming 3-bedroom home with plenty of character & space. The main floor features: 1st floor bedroom, open living/ dining room, a bright & inviting kitchen w/ lots of white cabinetry & beautiful granite countertops! Upstairs you will find an updated bath & a tandem bedroom offering flexible options for sleeping quarters, dressing room or office area! Enjoy relaxing on the front porch, perfect for your morning coffee or unwinding in the evening! Outside, the spacious yard provides plenty of room for gardening, pets & outdoor gatherings! A detached 1- car garage adds extra storage & convenience. Don't miss the opportunity to make this well- maintained home

Key facts

• 1st floor bedroom
• Updated bath
• 8,120 sq ft lot

Tags

• 1ST FLOOR BEDROOM
• OPEN LIVING DINING ROOM
• BRIGHT INVITING KITCHEN
• LOTS OF WHITE CABINETRY
• BEAUTIFUL GRANITE COUNTERTOPS
• UPDATED BATH

Property features AI

Finance

• Other: Property is in unincorporated Kewanee; Directions: From Main St, turn onto W Prospect St, then left onto Beach St. Turn left onto Rockwell; home is on the left.
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (1 garage space; 1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; House is over 100 years old; Living area measured by assessor
• Construction: Vinyl siding; Brick/mortar foundation; Asphalt and rubber roof
• Exterior features: Front porch; Level lot; Lot dimensions approximately 56 x 145

Interior

• Kitchen: Updated kitchen; Range; Refrigerator
• Bedrooms: 3 bedrooms (master on main; two additional bedrooms on second floor)
• Flooring: Hardwood in parts of the home; Luxury vinyl in kitchen and living room; Carpet in second-floor bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: First-floor bedroom; Unfinished full basement; 5 total rooms
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $161 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).

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: crime D-, amenities F, commute 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.
• Zoned schools: Belle Alexander Elem School (254 students, 0% FRL); Central Elem (math 5% / reading 15%, grade F, #583 of 665 statewide, top 89%, 344 students, 0% FRL); Kewanee High School (math 8% / reading 17%, grade F, #506 of 693 statewide, top 74%, 581 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: 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 $622 of loan paydown is wiped out by about $3k 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1899 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $90,000

Questions for the listing agent

1. Built in 1899 — 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 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?
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: 1.17% ✓
• Cap rate: 8.44%
• Cash-on-cash: 7.68%
• DSCR: 1.34
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $98,358
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
136 W Mill St	0.28mi	3/1.0	1,039 (+2%)	1mo	$107,000	$103	82
236 W Mcclure St	0.52mi	3/1.0	1,002 (-1%)	6mo	$9,000	$9	69
218 W Mcclure St	0.54mi	3/2.0	1,008 (-1%)	6mo	$152,000	$151	65
110 N Park St	0.51mi	3/1.0	1,088 (+7%)	2mo	$105,000	$97	62
434 Payson St	0.66mi	3/1.0	988 (-3%)	6mo	$122,500	$124	60
716 Morton Ave	0.47mi	2/1.0 (-1)	912 (-10%)	2mo	$94,000	$103	55
1208 Pine St	0.53mi	2/1.0 (-1)	936 (-8%)	4mo	$55,000	$59	54
1202 W Prospect St	0.54mi	4/1.0 (+1)	1,083 (+7%)	6mo	$56,540	$52	53
323 S Vine St	0.66mi	3/1.0	1,116 (+10%)	0mo	$17,000	$15	52
205 Ross St	0.59mi	3/1.0	884 (-13%)	1mo	$58,000	$66	50
416 Payson St	0.62mi	2/1.5 (-1)	900 (-11%)	2mo	$110,000	$122	44
414 E Oak St	0.65mi	2/1.0 (-1)	912 (-10%)	8mo	$80,000	$88	42

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: -4.5%
• Equity multiple: 0.83×
• Total profit: $-4,259
• Equity at exit: $13,419

10-year hold

• IRR: 5.2%
• Equity multiple: 1.39×
• Total profit: $9,718
• Equity at exit: $7,782

Cash invested: $25,200 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,056 medium
• Mortgage (P&I): −$472
• Tax from tax record: −$163 /mo · $1,958/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $161

Break-even live

Break-even rent $851

Max offer price $90,000

Occupancy floor 80%

Sensitivity live

Price	-10% $212	-5% $187	+0% $161	+5% $136	+10% $110
Rent	-10% $78	-5% $120	+0% $161	+5% $203	+10% $245
Rate	-1.0pp $207	-0.5pp $184	base $161	+0.5pp $138	+1.0pp $114

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-22
   days on market $90,000 Active 13 DOM
2. 2026-06-21
   days on market $90,000 Active 12 DOM
3. 2026-06-21
   days on market $90,000 Active 11 DOM
4. 2026-06-18
   days on market $90,000 Active 9 DOM
5. 2026-06-17
   days on market $90,000 Active 8 DOM
6. 2026-06-16
   days on market $90,000 Active 7 DOM
7. 2026-06-15
   days on market $90,000 Active 6 DOM
8. 2026-06-13
   days on market $90,000 Active 4 DOM
9. 2026-06-12
   days on market $90,000 Active 3 DOM
10. 2026-06-09
    remarks 675-char remark
11. 2026-06-09
    listed $90,000 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: $1,958 · $163/mo
• Projected year-2 tax: $2,000 · $167/mo
• Expected delta: +$43/yr (+$4/mo · 2.2%)

ⓘ 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: $12,668
• − Mortgage interest: −$5,041
• − Property taxes: −$1,958
• − Insurance: −$450
• − Repairs & maintenance: −$1,013
• − Management: −$1,013
• − Depreciation: −$2,618
• Taxable income: $574
• Est. tax owed @ 24.0%: −$138
• After-tax cash flow: $1,799/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

1 event — show timeline

• 2026-06-08 Listed $90,000 MRED as Distributed by MLS Grid

Property tax history

+2.0%/yr

Latest (2024): $1,958 · +10.0% YoY. Source: county tax records.