625 N Lafayette St · Macomb, IL 61455

$88,000

4 bd · 1.0 ba · 625 sqft · Other public records · 165 Days on market

Built 1930 6,840 sqft lot $141/sqft · 376% above area

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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 +22.3/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +7.1/10.0
• Livability +3.5/5.0
• 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

Welcome home to this charming 3-bedroom, 1-bath brick beauty filled with character and warmth. Step inside to find original hardwood floors and abundant natural light flowing through every room, creating a bright and inviting atmosphere. The home offers a functional layout with comfortable living spaces and timeless appeal. Outside, enjoy a large yard—perfect for entertaining, gardening, or relaxing—along with a detached garage for added convenience. The partially finished basement provides flexible space ideal for a recreation room, home office, or additional storage. Solid brick construction, classic details, updated sewer and room to personalize make this home a must-see.

Key facts

• Large yard
• Detached garage
• 6,840 sq ft lot

Tags

• ORIGINAL HARDWOOD FLOORS
• LARGE YARD
• DETACHED GARAGE
• PARTIALLY FINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $88k.

Deal economics

• At list price, monthly cash flow is $145 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $88k).
• Recommended offer: $77k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 6.2% in Macomb — 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 70/100 on livability (#379 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B; Watch: schools D, crime D, amenities D.
• Macomb CUSD 185 (town): math 19% / reading 26% proficiency, ranked #410 of 620 in IL (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 135 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $608 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 165 days — a 12% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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 $59k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $77,440 (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 1930 — 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 D-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. 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.
9. 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.
10. 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: 1.21% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.08%
• DSCR: 1.32
• GRM: 6.9

CMA / ARV

• ARV (median comp): $53,573
• List price: $88,000
• Delta: 64.26%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.80×
• Total profit: $-4,925
• Equity at exit: $13,121

10-year hold

• IRR: 4.4%
• Equity multiple: 1.32×
• Total profit: $7,926
• Equity at exit: $7,609

Cash invested: $24,640 (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 61455

• Home prices YoY: -33.3%
• Active inventory: 135
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,065 medium
• Mortgage (P&I): −$461
• Tax from tax record: −$198 /mo · $2,377/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $145

Break-even live

Break-even rent $881

Max offer price $88,000

Occupancy floor 81%

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: $22,000
• Closing costs: $2,640
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-19
   days on market $88,000 Active 165 DOM
2. 2026-06-18
   days on market $88,000 Active 164 DOM
3. 2026-06-17
   days on market $88,000 Active 163 DOM
4. 2026-06-16
   days on market $88,000 Active 162 DOM
5. 2026-06-15
   days on market $88,000 Active 161 DOM
6. 2026-06-14
   days on market $88,000 Active 159 DOM
7. 2026-06-12
   days on market $88,000 Active 158 DOM
8. 2026-06-09
   days on market $88,000 Active 155 DOM
9. 2026-06-08
   days on market $88,000 Active 154 DOM
10. 2026-06-07
    days on market $88,000 Active 153 DOM
11. 2026-06-04
    days on market $88,000 Active 149 DOM
12. 2026-06-02
    days on market $88,000 Active 148 DOM
13. 2026-06-01
    days on market $88,000 Active 147 DOM
14. 2026-05-31
    days on market $88,000 Active 146 DOM
15. 2026-05-31
    days on market $88,000 Active 145 DOM
16. 2026-04-27
    price $88,000 695-char remark

    Show marketing remark (695 chars)

    Welcome home to this charming 3-bedroom, 1-bath brick beauty filled with character and warmth. Step inside to find original hardwood floors and abundant natural light flowing through every room, creating a bright and inviting atmosphere. The home offers a functional layout with comfortable living spaces and timeless appeal. Outside, enjoy a large yard—perfect for entertaining, gardening, or relaxing—along with a detached garage for added convenience. The partially finished basement provides flexible space ideal for a recreation room, home office, or additional storage. Solid brick construction, classic details, updated sewer and room to personalize make this home a must-see.

17. 2026-01-05
    listed $90,500 Active 695-char remark

    Show marketing remark (695 chars)

    Welcome home to this charming 3-bedroom, 1-bath brick beauty filled with character and warmth. Step inside to find original hardwood floors and abundant natural light flowing through every room, creating a bright and inviting atmosphere. The home offers a functional layout with comfortable living spaces and timeless appeal. Outside, enjoy a large yard—perfect for entertaining, gardening, or relaxing—along with a detached garage for added convenience. The partially finished basement provides flexible space ideal for a recreation room, home office, or additional storage. Solid brick construction, classic details, updated sewer and room to personalize make this home a must-see.

18. 2023-12-02
    historical
19. 2023-06-01
    listed Active
20. 2023-03-22
    historical
21. 2023-01-24
    listed Active
22. 2021-08-06
    historical
23. 2019-10-21
    soldstatus $59,000
24. 2019-10-11
    soldstatus $59,000
25. 2018-10-15
    listed $66,000

ⓘ 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: $2,377 · $198/mo
• Projected year-2 tax: $2,377 · $198/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 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,785
• − Mortgage interest: −$4,929
• − Property taxes: −$2,377
• − Insurance: −$440
• − Repairs & maintenance: −$1,023
• − Management: −$1,023
• − Depreciation: −$2,560
• Taxable income: $433
• Est. tax owed @ 24.0%: −$104
• After-tax cash flow: $1,642/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: Macomb CUSD 185
• NCES district ID: 1723920
• Math proficiency: 19% ▼ -7.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $34,162
• Composite: 18.45/100
• National rank: #8927
• State rank: #410 of 620 in IL

Livability — Macomb

• Score: 70/100
• State rank: #379
• US rank: #7918

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Macomb, IL
• County: McDonough County · 17,317 people
• City population: 17,317
• Metro: Macomb, IL
• Population (ZIP): 17,317
• Household income: $48,679
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 1062.0

Population outlook (McDonough County) Hauer SSP2

• Today (2025): 33,242 people
• By 2030: 33,318 · +0.2%
• By 2040: 33,520 · +0.8%
• By 2050: 33,630 · +1.2%
• By 2075: 33,657 · +1.2%
• By 2100: 33,127 · -0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 9% Two or more races 5% Hispanic / Latino 5% Asian 3%
• Common ancestry: Romanian 3% Italian 3% Iranian 2%
• Foreign-born: 4% · Canada, South Korea, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · McDonough

• 2024 margin: R (+18.9) · D 39.7% · R 58.5% · Other 1.8%
• 2008→2024 swing: -24.4pp toward R · 2008: 5.6pp · 2024: -18.9pp
• All cycles: 2024: R+18.9 2020: R+16.6 2016: R+11.7 2012: R+1.5 2008: D+5.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.20%
• Current HPI: 140.4351
• Rent YoY: —
• Metro: Macomb, 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

+33.3% since first listed

10 events — show timeline

• 2026-04-27 Price Changed $88,000 RMLSA as Distributed by MLS Grid
• 2026-01-05 Listed $90,500 RMLSA as Distributed by MLS Grid
• 2023-12-02 Listing Removed — RMLSA as Distributed by MLS Grid
• 2023-06-01 Listed — RMLSA as Distributed by MLS Grid
• 2023-03-22 Listing Removed — RMLSA as Distributed by MLS Grid
• 2023-01-24 Listed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2019-10-21 Sold (Public Records) $59,000 Public Records
• 2019-10-11 Sold (MLS) $59,000 RMLSA as Distributed by MLS Grid
• 2018-10-15 Listed $66,000 RMLSA as Distributed by MLS Grid

Property tax history

-0.8%/yr

Latest (2024): $2,377 · +39.9% YoY. Source: county tax records.