143 Diagonal St · Savanna, IL 61074

$55,000

3 bd · 1.5 ba · 1,299 sqft · Other public records · 39 Days on market

Built 1893 8,407 sqft lot $42/sqft · 19% below area Est $68k · 19% under

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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 +29.6/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming, cozy, and full of potential! This 2 bedroom, 1 bath home in Savanna offers a comfortable layout with great opportunity to add your own personal style. Enjoy the convenience of main-level laundry, newer living room windows that bring in plenty of natural light, and durable vinyl plank flooring. While the home has a classic feel, it's the perfect canvas for easy updates and finishing touches to truly make it your own. Whether you're looking for a starter home, downsizing, or an investment opportunity, this property combines coziness, character, and potential at an affordable value.

Key facts

• 8,407 sq ft lot
• Built 1893
• Listed 38 days

Property features AI

Finance

• Other:
• Financial info:
• HOA & community: No master association fee required

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership; Built over 100 years ago; Living area per assessor
• Construction: Shake siding; Asphalt roof; Block foundation
• Exterior features: Deck; Fire pit; Sloped lot

Interior

• Kitchen: Range; Refrigerator; Kitchen/dining combo
• Bedrooms: Master bedroom on the second level (10 x 13); Second bedroom on the second level (9 x 13); Two bedrooms total
• Flooring: Laminate flooring in living area; Carpet in bedrooms; Tile/ceramic tile in kitchen and dining
• Bathrooms: 1 full bathroom; 1 half bathroom; Soaking tub in bathroom
• Heating & cooling: Natural gas heating; Window air conditioning unit(s)
• Interior features: Drapes on windows; Blinds on some windows; 5 total rooms; Unfinished basement with exterior entry and partial concrete
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath other listed at $55k.

Deal economics

• At list price, monthly cash flow is $199 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($800 rent vs $55k).
• Recommended offer: $53k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 6.4% in Savanna — 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 64/100 on livability (#684 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools F, amenities F, commute F.
• West Carroll CUSD 314 (rural): math 12% / reading 20% proficiency, ranked #498 of 620 in IL (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 38 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 23 units permitted in Carroll County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Carroll County population projected at -30% 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 $15k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $23k; list at $55k implies a 139% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1893 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $53,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 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 1893 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.45% ✓
• Cap rate: 10.63%
• Cash-on-cash: 15.47%
• DSCR: 1.69
• GRM: 5.7

CMA / ARV

• ARV (median comp): $67,721
• List price: $55,000
• Delta: -18.78%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 6.3%
• Equity multiple: 1.25×
• Total profit: $3,780
• Equity at exit: $8,201

10-year hold

• IRR: 15.7%
• Equity multiple: 2.28×
• Total profit: $19,759
• Equity at exit: $4,755

Cash invested: $15,400 (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 61074

• Home prices YoY: -14.6%
• Active inventory: 38
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $800 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$122 /mo · $1,465/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$168
• Net cashflow: $199

Break-even live

Break-even rent $549

Max offer price $55,000

Occupancy floor 70%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
512-514 Chicago Ave Savanna, IL	3.0	1.0	1435	$800	$0.56	43d	1	0.41mi
512 Chicago Ave Unit 1 Savanna, IL	3.0	1.5	1435	$800	$0.56	43d	1	0.42mi

Listing history 18 events

1. 2026-06-19
   days on market $55,000 Active 39 DOM
2. 2026-06-18
   days on market $55,000 Active 38 DOM
3. 2026-06-17
   days on market $55,000 Active 37 DOM
4. 2026-06-16
   days on market $55,000 Active 36 DOM
5. 2026-06-15
   days on market $55,000 Active 35 DOM
6. 2026-06-14
   days on market $55,000 Active 33 DOM
7. 2026-06-12
   days on market $55,000 Active 32 DOM
8. 2026-06-09
   days on market $55,000 Active 29 DOM
9. 2026-06-08
   days on market $55,000 Active 28 DOM
10. 2026-06-07
    days on market $55,000 Active 27 DOM
11. 2026-06-07
    days on market $55,000 Active 26 DOM
12. 2026-06-02
    days on market $55,000 Active 22 DOM
13. 2026-06-01
    days on market $55,000 Active 21 DOM
14. 2026-05-31
    days on market $55,000 Active 20 DOM
15. 2026-05-30
    days on market $55,000 Active 19 DOM
16. 2026-05-11
    price $55,000 596-char remark
17. 2026-05-11
    listed $52,000 Active 596-char remark
18. 2004-11-23
    soldstatus $23,000

ⓘ 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: $1,465 · $122/mo
• Projected year-2 tax: $1,465 · $122/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,600
• − Mortgage interest: −$3,081
• − Property taxes: −$1,465
• − Insurance: −$275
• − Repairs & maintenance: −$768
• − Management: −$768
• − Depreciation: −$1,600
• Taxable income: $1,643
• Est. tax owed @ 24.0%: −$394
• After-tax cash flow: $1,989/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: West Carroll CUSD 314
• NCES district ID: 1700310
• Math proficiency: 12% ▼ -5.00%
• Reading proficiency: 20% ▼ -3.00%
• Median HH income: $43,090
• Composite: 13.91/100
• National rank: #9483
• State rank: #498 of 620 in IL

Livability — Savanna

• Score: 64/100
• State rank: #684
• US rank: #13971

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Savanna, IL
• Population (ZIP): 4,009

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 13,010 people
• By 2030: 12,150 · -6.6%
• By 2040: 10,462 · -19.6%
• By 2050: 9,078 · -30.2%
• By 2075: 6,704 · -48.5%
• By 2100: 5,004 · -61.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Iranian 5% Romanian 3% Slovak 2%
• Foreign-born: 2% · Canada, Jamaica
• Languages at home: 96% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Carroll

• 2024 margin: Solid R (+31.7) · D 33.2% · R 64.8% · Other 2.0%
• 2008→2024 swing: -36.5pp toward R · 2008: 4.8pp · 2024: -31.7pp
• All cycles: 2024: R+31.7 2020: R+29.4 2016: R+27.1 2012: D+1.4 2008: D+4.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.68%
• Current HPI: 144.9327
• 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

+139.1% since first listed

3 events — show timeline

• 2026-05-11 Price Changed $55,000 MRED as Distributed by MLS Grid
• 2026-05-11 Listed $52,000 MRED as Distributed by MLS Grid
• 2004-11-23 Sold (Public Records) $23,000 Public Records

Property tax history

+0.7%/yr

Latest (2024): $1,465 · +8.0% YoY. Source: county tax records.