959 Green Mount Ln · Belleville, IL 62220

$40,000

2 bd · 2.0 ba · 462 sqft · SingleFamily public records · 274 Days on market

Built 1948 7,840 sqft lot

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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 +7.5/15.0
• Rent growth +5.0/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Handyman Special! This 3-bed, 1 bath, 1-1/2 story home would be perfect for renovation and resale or rental property. Exterior features architectural shingle roof, vinyl dutch-lap siding, gutters and downspouts, storm windows and back door on a deep, partially fenced level lot with an extended 1-car garage. Interior needs TLC to bring this house to its full potential of a starter home or passive rental income. Property to be sold AS-IS. Seller to make no repairs and will not order a municipal occupancy inspection.

Key facts

• 7,840 sq ft lot
• Built 1948
• Listed 274 days

Property features AI

Finance

• Other: Seller open to concessions; No home warranty

Exterior

• Utilities: Public water; Public sewer; Electricity service by Ameren; Electricity connected
• Home design: Single-family residence; Private ownership; Fixer condition; House structure; Entry on one-and-one-half levels
• Construction: Shingle siding; Vinyl siding
• Exterior features: Level lot with some trees

Interior

• Bedrooms: 2 bedrooms total; 1 bedroom on the main level; 1 bedroom on the upper level
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating (natural gas); Wall/window air conditioning units
• Interior features: One-and-one-half story layout

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $456 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.0% vs local median 5.6% in Belleville — 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 78/100 on livability (#142 in IL, #2,604 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities D-.
• Belleville Twp Hsd 201 (suburban): math 21% / reading 28% proficiency, ranked #308 of 620 in IL (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Belleville High School-East (math 23% / reading 30%, grade F, #241 of 693 statewide, top 35%, 2,568 students, 0% FRL).
• Market conditions: Rents rising fast (+14.5%/yr); 148 active listings in the ZIP; 783 units permitted in St. Clair County in 2024 (378 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $277 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• St. Clair County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $11k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 274 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $35k (47%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price; built in 1948 — 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 $35,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 274 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 1948 — 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. 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?
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: 2.59% ✓
• Cap rate: 19.97%
• Cash-on-cash: 48.85%
• DSCR: 3.17
• GRM: 3.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 52.7%
• Equity multiple: 3.51×
• Total profit: $28,101
• Equity at exit: $5,964

10-year hold

• IRR: 60.1%
• Equity multiple: 8.77×
• Total profit: $87,068
• Equity at exit: $3,458

Cash invested: $11,200 (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 62220

• Home prices YoY: -26.4%
• Rents YoY: 14.5%
• Active inventory: 148
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,036 medium
• Mortgage (P&I): −$210
• Tax from tax record: −$137 /mo · $1,638/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$218
• Net cashflow: $456

Break-even live

Break-even rent $459

Max offer price $40,000

Occupancy floor 51%

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $40,000 Active 274 DOM
2. 2026-06-17
   days on market $40,000 Active 273 DOM
3. 2026-06-16
   days on market $40,000 Active 272 DOM
4. 2026-06-15
   days on market $40,000 Active 271 DOM
5. 2026-06-13
   days on market $40,000 Active 269 DOM
6. 2026-06-09
   days on market $40,000 Active 265 DOM
7. 2026-06-08
   days on market $40,000 Active 264 DOM
8. 2026-06-07
   days on market $40,000 Active 263 DOM
9. 2026-06-03
   days on market $40,000 Active 259 DOM
10. 2026-06-02
    days on market $40,000 Active 258 DOM
11. 2026-06-01
    days on market $40,000 Active 257 DOM
12. 2026-05-31
    days on market $40,000 Active 256 DOM
13. 2026-03-31
    price $55,000
14. 2026-01-14
    price $65,000
15. 2025-09-17
    listed $75,000 Active
16. 2021-06-21
    soldstatus Closed 523-char remark

    Show marketing remark (523 chars)

    Handyman Special! This 3-bed, 1 bath, 1-1/2 story home would be perfect for renovation and resale or rental property. Exterior features architectural shingle roof, vinyl dutch-lap siding, gutters and downspouts, storm windows and back door on a deep, partially fenced level lot with an extended 1-car garage. Interior needs TLC to bring this house to its full potential of a starter home or passive rental income. Property to be sold AS-IS. Seller to make no repairs and will not order a municipal occupancy inspection.

17. 2021-06-09
    status Pending 523-char remark

    Show marketing remark (523 chars)

    Handyman Special! This 3-bed, 1 bath, 1-1/2 story home would be perfect for renovation and resale or rental property. Exterior features architectural shingle roof, vinyl dutch-lap siding, gutters and downspouts, storm windows and back door on a deep, partially fenced level lot with an extended 1-car garage. Interior needs TLC to bring this house to its full potential of a starter home or passive rental income. Property to be sold AS-IS. Seller to make no repairs and will not order a municipal occupancy inspection.

18. 2021-06-02
    price $35,900 523-char remark

    Show marketing remark (523 chars)

    Handyman Special! This 3-bed, 1 bath, 1-1/2 story home would be perfect for renovation and resale or rental property. Exterior features architectural shingle roof, vinyl dutch-lap siding, gutters and downspouts, storm windows and back door on a deep, partially fenced level lot with an extended 1-car garage. Interior needs TLC to bring this house to its full potential of a starter home or passive rental income. Property to be sold AS-IS. Seller to make no repairs and will not order a municipal occupancy inspection.

19. 2021-05-12
    price $39,900 523-char remark

    Show marketing remark (523 chars)

    Handyman Special! This 3-bed, 1 bath, 1-1/2 story home would be perfect for renovation and resale or rental property. Exterior features architectural shingle roof, vinyl dutch-lap siding, gutters and downspouts, storm windows and back door on a deep, partially fenced level lot with an extended 1-car garage. Interior needs TLC to bring this house to its full potential of a starter home or passive rental income. Property to be sold AS-IS. Seller to make no repairs and will not order a municipal occupancy inspection.

20. 2021-03-10
    listed $44,900 Active 523-char remark

    Show marketing remark (523 chars)

    Handyman Special! This 3-bed, 1 bath, 1-1/2 story home would be perfect for renovation and resale or rental property. Exterior features architectural shingle roof, vinyl dutch-lap siding, gutters and downspouts, storm windows and back door on a deep, partially fenced level lot with an extended 1-car garage. Interior needs TLC to bring this house to its full potential of a starter home or passive rental income. Property to be sold AS-IS. Seller to make no repairs and will not order a municipal occupancy inspection.

ⓘ 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: $1,638 · $137/mo
• Projected year-2 tax: $1,638 · $137/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 FEMA zone X · 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 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,438
• − Mortgage interest: −$2,241
• − Property taxes: −$1,638
• − Insurance: −$200
• − Repairs & maintenance: −$995
• − Management: −$995
• − Depreciation: −$1,164
• Taxable income: $5,205
• Est. tax owed @ 24.0%: −$1,249
• After-tax cash flow: $4,221/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: Belleville Twp Hsd 201
• NCES district ID: 1705640
• Math proficiency: 21% ▼ -8.00%
• Reading proficiency: 28% ▼ -3.00%
• Median HH income: $58,064
• Composite: 22.39/100
• National rank: #8115
• State rank: #308 of 620 in IL

Livability — Belleville

• Score: 78/100
• State rank: #142
• US rank: #2604

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Clair County · 169,691 people
• City population: 47,407
• Metro: St. Louis, MO-IL
• Population (ZIP): 19,152
• Household income: $65,952
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 923.0

Population outlook (St. Clair County) Hauer SSP2

• Today (2025): 250,366 people
• By 2030: 240,511 · -3.9%
• By 2040: 217,391 · -13.2%
• By 2050: 192,699 · -23.0%
• By 2075: 140,637 · -43.8%
• By 2100: 100,499 · -59.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 22% Two or more races 6% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Arabic 2% Spanish 1% Other Indo-European 1%

Political lean MEDSL · St. Clair

• 2024 margin: Lean D (+7.9) · D 53.0% · R 45.1% · Other 1.8%
• 2008→2024 swing: -14.6pp toward R · 2008: 22.4pp · 2024: 7.9pp
• All cycles: 2024: D+7.9 2020: D+8.7 2016: D+5.6 2012: D+14.5 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.27%
• Current HPI: 145.9237
• Rent YoY: ▲ 14.47%
• Metro: St. Louis, MO-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

+22.5% since first listed

8 events — show timeline

• 2026-03-31 Price Changed $55,000 MARIS as Distributed by MLS Grid
• 2026-01-14 Price Changed $65,000 MARIS as Distributed by MLS Grid
• 2025-09-17 Listed $75,000 MARIS as Distributed by MLS Grid
• 2021-06-21 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2021-06-09 Pending — MARIS as Distributed by MLS Grid
• 2021-06-02 Price Changed $35,900 MARIS as Distributed by MLS Grid
• 2021-05-12 Price Changed $39,900 MARIS as Distributed by MLS Grid
• 2021-03-10 Listed $44,900 MARIS as Distributed by MLS Grid

Property tax history

+7.5%/yr

Latest (2021): $1,638 · +1.9% YoY. Source: county tax records.