1490 Raleigh Rd · Raleigh, IL 62977

$99,900

4 bd · 3.5 ba · 3,311 sqft · SingleFamily · 2 Days on market

Built 1955 9.00 ac lot $30/sqft · 57% below area

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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
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Appreciation +8.4/10.0
• ARV discount +7.5/15.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks MLS

You can't go wrong with this beautiful Bedford stone home sitting on appx 8 ac. Inside this 4 bed 4 bath home, you will find lovely built in features, gas log fireplace, lovely hardwood and tile flooring with large rooms. Outside escape into your lovely yard with pond, gazebo, greenhouse and lovely patio for your entertaining needs. Guesthouse accompanies this property with separate entrance. Priced to sell! Appliances including washer, dryer, and window treatments

Key facts

• Pond
• Wood floors
• Large picture window

Tags

• 8 ACRES
• POND
• BUILT IN FEATURES
• GAS LOG FIREPLACE
• LARGE PICTURE WINDOW
• WOOD FLOORS

Property features AI

Finance

• Other: Located in unincorporated area; Parcel numbers on file
• HOA & community: No master association fee required

Exterior

• Parking: Two total parking spaces; Two-car garage (attached and detached areas) with gravel; Garage parking
• Utilities: Public water; Septic tank sewer
• Home design: Detached single-family home; One-story layout; Fee simple ownership; Property is 71–80 years old; Built before 1978
• Construction: Frame and brick/stone masonry exterior; Approximately 3,311 total finished square feet; No recent rebuild or rehab noted
• Exterior features: Patio; Porch; Wooded lot; Pond with water view

Interior

• Kitchen: Kitchen on the main level with pantry
• Bedrooms: Four bedrooms (all on the main level); Master bedroom on the main level with an attached full bath
• Flooring: Hardwood flooring in living and dining rooms; Tile flooring in family room, kitchen, and laundry; Carpet in several bedrooms including master
• Bathrooms: Three full bathrooms; One half bathroom
• Heating & cooling: Natural gas heating
• Interior features: Nine total rooms; Den on the main level; Fireplace in the living room
• Laundry & utility: Main-level laundry room with sink

What this means for you Summary

Snapshot

• This is a 4-bed/3.5-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $440 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).

Location & tenants

• Location reads 57/100 on livability (#1,155 in IL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Eldorado CUSD 4 (town): math 11% / reading 19% proficiency, ranked #526 of 620 in IL (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Eldorado Elem School (math 8% / reading 7%, grade F, #1,627 of 2,056 statewide, top 81%, 545 students, 0% FRL); Eldorado Middle School (math 17% / reading 32%, grade F, #332 of 665 statewide, top 55%, 231 students, 0% FRL); Eldorado High School (math 8% / reading 17%, grade F, #506 of 693 statewide, top 74%, 301 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 2 active listings in the ZIP.

Forward outlook

• In year one you build about $8k of equity ($691 loan paydown + $7k appreciation (6.9% local appreciation)).
• Saline County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.9% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1955 — 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 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?
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: 1.39% ✓
• Cap rate: 11.58%
• Cash-on-cash: 18.90%
• DSCR: 1.84
• GRM: 6.0

CMA / ARV

• ARV (median comp): $234,518
• List price: $99,900
• Delta: -57.40%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1490 Raleigh Rd	0.00mi	4/3.5	3,311 (0%)	0mo	$90,000	$27	100

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.87% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.8%
• Equity multiple: 3.22×
• Total profit: $62,132
• Equity at exit: $68,373

10-year hold

• IRR: 29.9%
• Equity multiple: 6.71×
• Total profit: $159,692
• Equity at exit: $129,111

Cash invested: $27,972 (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 62977

• Home prices YoY: 5.8%
• Active inventory: 2
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,386 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$89 /mo · $1,069/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $440

Break-even live

Break-even rent $829

Max offer price $99,900

Occupancy floor 63%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-18
   status Pending 1454-char remark
2. 2026-05-14
   listed $99,900 Active 1454-char remark
3. 2021-08-06
   historical
4. 2018-04-03
   soldstatus $240,000
5. 2018-03-30
   soldstatus $240,000

   Show marketing remark (469 chars)

   You can't go wrong with this beautiful Bedford stone home sitting on appx 8 ac. Inside this 4 bed 4 bath home, you will find lovely built in features, gas log fireplace, lovely hardwood and tile flooring with large rooms. Outside escape into your lovely yard with pond, gazebo, greenhouse and lovely patio for your entertaining needs. Guesthouse accompanies this property with separate entrance. Priced to sell! Appliances including washer, dryer, and window treatments

6. 2018-03-30
   soldstatus $240,000

   Show marketing remark (469 chars)

   You can't go wrong with this beautiful Bedford stone home sitting on appx 8 ac. Inside this 4 bed 4 bath home, you will find lovely built in features, gas log fireplace, lovely hardwood and tile flooring with large rooms. Outside escape into your lovely yard with pond, gazebo, greenhouse and lovely patio for your entertaining needs. Guesthouse accompanies this property with separate entrance. Priced to sell! Appliances including washer, dryer, and window treatments

7. 2018-02-26
   listed $242,000

   Show marketing remark (469 chars)

   You can't go wrong with this beautiful Bedford stone home sitting on appx 8 ac. Inside this 4 bed 4 bath home, you will find lovely built in features, gas log fireplace, lovely hardwood and tile flooring with large rooms. Outside escape into your lovely yard with pond, gazebo, greenhouse and lovely patio for your entertaining needs. Guesthouse accompanies this property with separate entrance. Priced to sell! Appliances including washer, dryer, and window treatments

8. 2018-02-26
   listed $242,000

   Show marketing remark (469 chars)

   You can't go wrong with this beautiful Bedford stone home sitting on appx 8 ac. Inside this 4 bed 4 bath home, you will find lovely built in features, gas log fireplace, lovely hardwood and tile flooring with large rooms. Outside escape into your lovely yard with pond, gazebo, greenhouse and lovely patio for your entertaining needs. Guesthouse accompanies this property with separate entrance. Priced to sell! Appliances including washer, dryer, and window treatments

ⓘ 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: $1,069 · $89/mo
• Projected year-2 tax: $1,668 · $139/mo
• Expected delta: +$599/yr (+$50/mo · 56.1%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,634
• − Mortgage interest: −$5,596
• − Property taxes: −$1,069
• − Insurance: −$500
• − Repairs & maintenance: −$1,331
• − Management: −$1,331
• − Depreciation: −$2,906
• Taxable income: $3,902
• Est. tax owed @ 24.0%: −$936
• After-tax cash flow: $4,349/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: Eldorado CUSD 4
• NCES district ID: 1713660
• Math proficiency: 11% ▼ -10.00%
• Reading proficiency: 19% ▼ -11.00%
• Median HH income: $36,707
• Composite: 12.47/100
• National rank: #9627
• State rank: #526 of 620 in IL

Livability — Raleigh

• Score: 57/100
• State rank: #1155
• US rank: #21838

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 520

Population outlook (Saline County) Hauer SSP2

• Today (2025): 23,915 people
• By 2030: 23,262 · -2.7%
• By 2040: 21,775 · -8.9%
• By 2050: 20,098 · -16.0%
• By 2075: 15,234 · -36.3%
• By 2100: 10,302 · -56.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99% Two or more races 1%
• Common ancestry: Slovak 8% Italian 3% Iranian 3%

Political lean MEDSL · Saline

• 2024 margin: Solid R (+49.0) · D 24.8% · R 73.8% · Other 1.3%
• 2008→2024 swing: -40.1pp toward R · 2008: -8.9pp · 2024: -49.0pp
• All cycles: 2024: R+49.0 2020: R+47.9 2016: R+50.7 2012: R+29.0 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.87%
• Current HPI: 126.1555
• 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

-62.8% since first listed

9 events — show timeline

• 2026-06-10 Sold (MLS) $90,000 MRED as Distributed by MLS Grid
• 2026-05-18 Pending — MRED as Distributed by MLS Grid
• 2026-05-14 Listed $99,900 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2018-04-03 Sold (Public Records) $240,000 Public Records
• 2018-03-30 Sold (MLS) $240,000 MRED as Distributed by MLS Grid
• 2018-03-30 Sold (MLS) $240,000 RMLSA as Distributed by MLS Grid
• 2018-02-26 Listed $242,000 MRED as Distributed by MLS Grid
• 2018-02-26 Listed $242,000 RMLSA as Distributed by MLS Grid

Property tax history

-19.3%/yr

Latest (2018): $1,069 · -70.1% YoY. Source: county tax records.