301 N 12th St · Herrin, IL 62948

$135,000

4 bd · 2.0 ba · 2,000 sqft · Other · 114 Days on market

Built 1950 3,900 sqft lot $68/sqft · 51% 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 +26.0/30.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment opportunity in the heart of Herrin! Welcome to 301 A & B — a well-maintained duplex offering immediate income potential and strong rental appeal. Whether you’re looking to expand your portfolio or jump into investing, this property checks all the boxes. Each unit features 2 bedrooms and 1 full bathroom with functional layouts and great storage throughout. Unit A offers a spacious living room with comfortable carpet and plenty of room to relax or entertain. This unit includes a brand new washer and dryer, a new refrigerator, and a larger second bedroom, creating extra living space where it counts. Unit B is full of character with original hardwood floors flowing from the living room into the bedroom, complemented by charming knotty pine walls. This unit includes its own dedicated laundry room, a new washer and dryer, and new carpet in one of the bedrooms. The kitchen is well-equipped with ample cabinet space and comes complete with a refrigerator, stove, and dishwasher. Both units enjoy their own covered front porch. A new roof in 2024 adds peace of mind and long-term value. Don’t miss this excellent opportunity to own a versatile, income-producing property in a convenient location! Call today for a showing!

Key facts

• Great storage
• Functional layouts
• Strong rental appeal

Tags

• WELL MAINTAINED DUPLEX
• IMMEDIATE INCOME POTENTIAL
• STRONG RENTAL APPEAL
• FUNCTIONAL LAYOUTS
• GREAT STORAGE
• BRAND NEW WASHER AND DRYER

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $135k.

Deal economics

• At list price, monthly cash flow is $335 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#667 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: schools D, crime D-, amenities F.
• Herrin CUSD 4 (suburban): math 22% / reading 27% proficiency, ranked #364 of 620 in IL (top 59%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 91 active listings in the ZIP; 130 units permitted in Williamson County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y 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 $72k; list at $135k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.20% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.63%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (median comp): $89,644
• List price: $135,000
• Delta: 50.60%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -0.4%
• Equity multiple: 0.99×
• Total profit: $-514
• Equity at exit: $20,129

10-year hold

• IRR: 9.3%
• Equity multiple: 1.72×
• Total profit: $27,143
• Equity at exit: $11,672

Cash invested: $37,800 (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 62948

• Home prices YoY: -34.1%
• Active inventory: 91
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,618 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$179 /mo · $2,148/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $335

Break-even live

Break-even rent $1,194

Max offer price $135,000

Occupancy floor 74%

Sensitivity live

Price	-10% $411	-5% $373	+0% $335	+5% $297	+10% $258
Rent	-10% $207	-5% $271	+0% $335	+5% $399	+10% $463
Rate	-1.0pp $403	-0.5pp $369	base $335	+0.5pp $300	+1.0pp $264

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $135,000 Active 114 DOM
2. 2026-06-19
   days on market $135,000 Active 112 DOM
3. 2026-06-18
   days on market $135,000 Active 111 DOM
4. 2026-06-17
   days on market $135,000 Active 110 DOM
5. 2026-06-16
   days on market $135,000 Active 109 DOM
6. 2026-06-15
   days on market $135,000 Active 108 DOM
7. 2026-06-14
   days on market $135,000 Active 106 DOM
8. 2026-06-13
   days on market $135,000 Active 105 DOM
9. 2026-06-10
   days on market $135,000 Active 103 DOM
10. 2026-06-09
    days on market $135,000 Active 102 DOM
11. 2026-06-08
    days on market $135,000 Active 101 DOM
12. 2026-06-07
    days on market $135,000 Active 100 DOM
13. 2026-06-03
    days on market $135,000 Active 96 DOM
14. 2026-06-02
    days on market $135,000 Active 95 DOM
15. 2026-06-01
    days on market $135,000 Active 94 DOM
16. 2026-05-31
    days on market $135,000 Active 93 DOM
17. 2026-05-30
    days on market $135,000 Active 92 DOM
18. 2026-04-08
    status Active 1259-char remark

    Show marketing remark (1259 chars)

    Investment opportunity in the heart of Herrin! Welcome to 301 A & B — a well-maintained duplex offering immediate income potential and strong rental appeal. Whether you’re looking to expand your portfolio or jump into investing, this property checks all the boxes. Each unit features 2 bedrooms and 1 full bathroom with functional layouts and great storage throughout. Unit A offers a spacious living room with comfortable carpet and plenty of room to relax or entertain. This unit includes a brand new washer and dryer, a new refrigerator, and a larger second bedroom, creating extra living space where it counts. Unit B is full of character with original hardwood floors flowing from the living room into the bedroom, complemented by charming knotty pine walls. This unit includes its own dedicated laundry room, a new washer and dryer, and new carpet in one of the bedrooms. The kitchen is well-equipped with ample cabinet space and comes complete with a refrigerator, stove, and dishwasher. Both units enjoy their own covered front porch. A new roof in 2024 adds peace of mind and long-term value. Don’t miss this excellent opportunity to own a versatile, income-producing property in a convenient location! Call today for a showing!

19. 2026-03-06
    historical Under Contract 1259-char remark

    Show marketing remark (1259 chars)

    Investment opportunity in the heart of Herrin! Welcome to 301 A & B — a well-maintained duplex offering immediate income potential and strong rental appeal. Whether you’re looking to expand your portfolio or jump into investing, this property checks all the boxes. Each unit features 2 bedrooms and 1 full bathroom with functional layouts and great storage throughout. Unit A offers a spacious living room with comfortable carpet and plenty of room to relax or entertain. This unit includes a brand new washer and dryer, a new refrigerator, and a larger second bedroom, creating extra living space where it counts. Unit B is full of character with original hardwood floors flowing from the living room into the bedroom, complemented by charming knotty pine walls. This unit includes its own dedicated laundry room, a new washer and dryer, and new carpet in one of the bedrooms. The kitchen is well-equipped with ample cabinet space and comes complete with a refrigerator, stove, and dishwasher. Both units enjoy their own covered front porch. A new roof in 2024 adds peace of mind and long-term value. Don’t miss this excellent opportunity to own a versatile, income-producing property in a convenient location! Call today for a showing!

20. 2026-02-27
    listed $135,000 Active 1259-char remark

    Show marketing remark (1259 chars)

    Investment opportunity in the heart of Herrin! Welcome to 301 A & B — a well-maintained duplex offering immediate income potential and strong rental appeal. Whether you’re looking to expand your portfolio or jump into investing, this property checks all the boxes. Each unit features 2 bedrooms and 1 full bathroom with functional layouts and great storage throughout. Unit A offers a spacious living room with comfortable carpet and plenty of room to relax or entertain. This unit includes a brand new washer and dryer, a new refrigerator, and a larger second bedroom, creating extra living space where it counts. Unit B is full of character with original hardwood floors flowing from the living room into the bedroom, complemented by charming knotty pine walls. This unit includes its own dedicated laundry room, a new washer and dryer, and new carpet in one of the bedrooms. The kitchen is well-equipped with ample cabinet space and comes complete with a refrigerator, stove, and dishwasher. Both units enjoy their own covered front porch. A new roof in 2024 adds peace of mind and long-term value. Don’t miss this excellent opportunity to own a versatile, income-producing property in a convenient location! Call today for a showing!

21. 2021-11-02
    soldstatus $71,500
22. 2021-08-06
    historical
23. 2011-06-27
    soldstatus $56,042
24. 2011-06-27
    soldstatus $56,042
25. 2010-03-10
    listed $65,000
26. 2010-03-10
    listed $65,000
27. 2010-03-05
    historical

ⓘ 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: $2,148 · $179/mo
• Projected year-2 tax: $2,606 · $217/mo
• Expected delta: +$458/yr (+$38/mo · 21.3%)

ⓘ 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 5/10 Major 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,415
• − Mortgage interest: −$7,562
• − Property taxes: −$2,148
• − Insurance: −$675
• − Repairs & maintenance: −$1,553
• − Management: −$1,553
• − Depreciation: −$3,927
• Taxable income: $1,996
• Est. tax owed @ 24.0%: −$479
• After-tax cash flow: $3,540/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: Herrin CUSD 4
• NCES district ID: 1718810
• Math proficiency: 22% ▼ -11.00%
• Reading proficiency: 27% ▼ -17.00%
• Median HH income: $38,824
• Composite: 20.56/100
• National rank: #8558
• State rank: #364 of 620 in IL

Livability — Herrin

• Score: 64/100
• State rank: #667
• US rank: #13670

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Herrin, IL
• City population: 12,728
• Population (ZIP): 12,728

Population outlook (Williamson County) Hauer SSP2

• Today (2025): 69,553 people
• By 2030: 70,090 · +0.8%
• By 2040: 70,345 · +1.1%
• By 2050: 69,394 · -0.2%
• By 2075: 63,590 · -8.6%
• By 2100: 51,154 · -26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 8% Black 5% Hispanic / Latino 4% Native American 1%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Williamson

• 2024 margin: Solid R (+38.8) · D 30.0% · R 68.8% · Other 1.3%
• 2008→2024 swing: -24.0pp toward R · 2008: -14.8pp · 2024: -38.8pp
• All cycles: 2024: R+38.8 2020: R+37.3 2016: R+41.2 2012: R+25.0 2008: R+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.82%
• Current HPI: 131.1617
• 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

+107.7% since first listed

10 events — show timeline

• 2026-04-08 Relisted — RMLSA as Distributed by MLS Grid
• 2026-03-06 Contingent — RMLSA as Distributed by MLS Grid
• 2026-02-27 Listed $135,000 RMLSA as Distributed by MLS Grid
• 2021-11-02 Sold (Public Records) $71,500 Public Records
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2011-06-27 Sold (MLS) $56,042 MRED as Distributed by MLS Grid
• 2011-06-27 Sold (MLS) $56,042 RMLSA as Distributed by MLS Grid
• 2010-03-10 Listed $65,000 MRED as Distributed by MLS Grid
• 2010-03-10 Listed $65,000 RMLSA as Distributed by MLS Grid
• 2010-03-05 Listing Removed — MRED as Distributed by MLS Grid

Property tax history

+3.6%/yr

Latest (2025): $2,148 · +2.2% YoY. Source: county tax records.