912 N Wasson St · Streator, IL 61364

$134,500

3 bd · 1.0 ba · 1,012 sqft · SingleFamily public records · 38 Days on market

Built 1900 3,200 sqft lot Est $121k · 11% over

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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 +26.3/30.0
• DSCR +8.9/10.0
• 1% rule +6.9/10.0
• Livability +3.2/5.0
• ARV discount +2.7/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brick Home

Key facts

• Hardwood flooring
• Off street parking
• Modern cabinetry

Tags

• HARDWOOD FLOORING
• UPDATED FLOORING
• MODERN CABINETRY
• STAINLESS STEEL APPLIANCES
• MAIN FLOOR LAUNDRY
• OFF STREET PARKING

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: 2 parking spaces (total)
• Utilities: Public water; Public sewer
• Home design: Detached single-family residence; One-story home; Fee simple ownership; Property over 100 years old; Built before 1978
• Construction: Brick construction
• Exterior features: Lot dimensions approximately 40 x 80; Lot smaller than 0.25 acre

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Kitchen on the main level (approx. 8 x 15)
• Bedrooms: Three bedrooms (all on the main level); Bedroom dimensions include two at 9 x 10 and a master at 12 x 10
• Flooring: Hardwood flooring in living room, master bedroom, and one bedroom; Vinyl flooring in one bedroom and the laundry room
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating
• Interior features: Unfinished partial basement; 6 total rooms
• Laundry & utility: Main-level laundry room (approx. 8 x 11)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $349 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $134k).
• Recommended offer: $130k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 7.8% in Streator — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 63/100 on livability (#752 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: schools F, amenities F, commute F.
• Streator Twp Hsd 40 (town): math 11% / reading 19% proficiency, ranked #513 of 620 in IL (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 87 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 82 units permitted in LaSalle County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $930 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• LaSalle County population projected at -16% 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 $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 2 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 $12k; list at $134k implies a 1021% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,465 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.19% ✓
• Cap rate: 9.41%
• Cash-on-cash: 11.12%
• DSCR: 1.49
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $121,440
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
910 N Bloomington St	0.35mi	3/1.5	1,020 (+1%)	3mo	$144,001	$141	78
1012 N Bloomington St	0.35mi	3/1.0	1,050 (+4%)	2mo	$100,000	$95	76
403 N Wasson St	0.41mi	3/1.0	1,078 (+6%)	1mo	$121,887	$113	69
904 Johnson St	0.50mi	3/1.5	975 (-4%)	1mo	$164,000	$168	68
1603 N Sterling St	0.53mi	3/1.0	960 (-5%)	3mo	$67,000	$70	65
608 N Shabbona St	0.31mi	3/1.5	1,120 (+11%)	1mo	$120,000	$107	64
107 W Larue St	0.41mi	2/1.0 (-1)	950 (-6%)	4mo	$115,000	$121	63
112 W Grant St	0.40mi	2/1.0 (-1)	1,108 (+10%)	3mo	$65,000	$59	58
304 W Morrell St	0.54mi	2/1.0 (-1)	1,125 (+11%)	1mo	$135,000	$120	51
416 N Colorado Ave	0.57mi	3/2.0	884 (-13%)	2mo	$156,000	$176	46
424 W Bluff St	0.74mi	2/1.0 (-1)	1,100 (+9%)	1mo	$145,000	$132	45
917 Johnson St	0.53mi	2/1.0 (-1)	864 (-15%)	1mo	$67,000	$78	45

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: 0.3%
• Equity multiple: 1.01×
• Total profit: $451
• Equity at exit: $20,054

10-year hold

• IRR: 10.0%
• Equity multiple: 1.77×
• Total profit: $29,075
• Equity at exit: $11,629

Cash invested: $37,660 (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 61364

• Home prices YoY: -31.1%
• Active inventory: 87
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,596 high
• Mortgage (P&I): −$705
• Tax from tax record: −$151 /mo · $1,807/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $349

Break-even live

Break-even rent $1,154

Max offer price $134,500

Occupancy floor 73%

Sensitivity live

Price	-10% $425	-5% $387	+0% $349	+5% $311	+10% $273
Rent	-10% $223	-5% $286	+0% $349	+5% $412	+10% $475
Rate	-1.0pp $417	-0.5pp $383	base $349	+0.5pp $314	+1.0pp $279

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: $33,625
• Closing costs: $4,035
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Kelly St Streator, IL	3.0	1.0	1280	$1,750	$1.37	8d	1	0.70mi
402 S Illinois St Streator, IL	2.0	1.0	1116	$1,550	$1.39	22d	1	1.01mi
514 Lundy St Streator, IL	4.0	1.5	1300	$1,700	$1.31	8d	1	1.06mi
514 Lundy St Streator, IL	3.0	1.0	1174	$1,700	$1.45	4d	1	1.06mi
503 S Bloomington St Streator, IL	3.0	1.0	1200	$1,500	$1.25	25d	1	1.15mi

Listing history 23 events

1. 2026-06-19
   days on market $134,500 Active 38 DOM
2. 2026-06-18
   days on market $134,500 Active 37 DOM
3. 2026-06-17
   days on market $134,500 Active 36 DOM
4. 2026-06-17
   price $134,500 Active 35 DOM
5. 2026-06-16
   days on market $139,000 Active 35 DOM
6. 2026-06-15
   days on market $139,000 Active 34 DOM
7. 2026-06-14
   days on market $139,000 Active 32 DOM
8. 2026-06-12
   days on market $139,000 Active 31 DOM
9. 2026-06-09
   days on market $139,000 Active 28 DOM
10. 2026-06-08
    days on market $139,000 Active 27 DOM
11. 2026-06-07
    days on market $139,000 Active 26 DOM
12. 2026-06-05
    days on market $139,000 Active 23 DOM
13. 2026-06-03
    days on market $139,000 Active 22 DOM
14. 2026-06-02
    days on market $139,000 Active 21 DOM
15. 2026-06-01
    days on market $139,000 Active 20 DOM
16. 2026-05-31
    days on market $139,000 Active 19 DOM
17. 2026-05-30
    days on market $139,000 Active 18 DOM
18. 2026-05-12
    listed $139,000 Active
19. 2010-11-16
    soldstatus $12,000 Closed Sale 10-char remark

    Show marketing remark (10 chars)

    Brick Home

20. 2010-11-12
    status Pending 10-char remark

    Show marketing remark (10 chars)

    Brick Home

21. 2010-11-02
    historical 10-char remark

    Show marketing remark (10 chars)

    Brick Home

22. 2010-10-28
    historical 10-char remark

    Show marketing remark (10 chars)

    Brick Home

23. 2010-10-27
    listed $12,000 10-char remark

    Show marketing remark (10 chars)

    Brick Home

ⓘ 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: $1,807 · $151/mo
• Projected year-2 tax: $2,430 · $203/mo
• Expected delta: +$623/yr (+$52/mo · 34.5%)

ⓘ 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 ≥104°F today · 17 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,155
• − Mortgage interest: −$7,534
• − Property taxes: −$1,807
• − Insurance: −$672
• − Repairs & maintenance: −$1,532
• − Management: −$1,532
• − Depreciation: −$3,913
• Taxable income: $2,164
• Est. tax owed @ 24.0%: −$519
• After-tax cash flow: $3,670/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: Streator Twp Hsd 40
• NCES district ID: 1738100
• Math proficiency: 11% ▼ -4.00%
• Reading proficiency: 19% ▼ -1.00%
• Median HH income: $43,002
• Composite: 13.07/100
• National rank: #9561
• State rank: #513 of 620 in IL

Livability — Streator

• Score: 63/100
• State rank: #752
• US rank: #15266

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Streator, IL
• County: La Salle County · 41,676 people
• City population: 17,963
• Metro: Ottawa, IL
• Population (ZIP): 17,963
• Household income: $59,060
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 450.0

Population outlook (LaSalle County) Hauer SSP2

• Today (2025): 107,080 people
• By 2030: 104,196 · -2.7%
• By 2040: 97,413 · -9.0%
• By 2050: 90,294 · -15.7%
• By 2075: 76,252 · -28.8%
• By 2100: 61,339 · -42.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 11% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · LaSalle

• 2024 margin: R (+18.5) · D 40.1% · R 58.6% · Other 1.3%
• 2008→2024 swing: -29.6pp toward R · 2008: 11.1pp · 2024: -18.5pp
• All cycles: 2024: R+18.5 2020: R+14.3 2016: R+14.4 2012: R+0.4 2008: D+11.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.28%
• Current HPI: 233.5533
• Rent YoY: —
• Metro: Ottawa, 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

+1058.3% since first listed

6 events — show timeline

• 2026-05-12 Listed $139,000 MRED as Distributed by MLS Grid
• 2010-11-16 Sold (MLS) $12,000 MRED as Distributed by MLS Grid
• 2010-11-12 Pending — MRED as Distributed by MLS Grid
• 2010-11-02 Listing Removed — MRED as Distributed by MLS Grid
• 2010-10-28 Listing Removed — MRED as Distributed by MLS Grid
• 2010-10-27 Listed $12,000 MRED as Distributed by MLS Grid

Property tax history

+2.7%/yr

Latest (2024): $1,807 · +8.1% YoY. Source: county tax records.