800 Main Ave · Cordova, IL 61242

$117,500

3 bd · 2.0 ba · 1,790 sqft · SingleFamily public records · 7 Days on market

Built 1907 0.30 ac lot $66/sqft · 36% below area Est $184k · 36% 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 +20.7/30.0
• ARV discount +15.0/15.0
• Appreciation +7.6/10.0
• DSCR +6.6/10.0
• 1% rule +5.8/10.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• 0.3 acre lot
• 2 garage spots
• Built 1907

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with 2 garage spaces (2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Built over 100 years ago; Entry facing not specified
• Construction: Aluminum siding; Stone foundation; Rubber and shake roof
• Exterior features: Fenced yard; Corner lot (82 x 144 x 82 x 144)

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Main level master bedroom (13 x 11); Second level bedroom (11 x 10); Second level bedroom (16 x 8)
• Flooring: Luxury vinyl in kitchen, living room, dining room, family room and bar/entertainment areas; Carpet in upstairs bedrooms
• Bathrooms: Two full bathrooms; Whirlpool tub, separate shower, accessible shower
• Heating & cooling: Natural gas and electric heating; Central air conditioning
• Interior features: Dining area combined with family room; Unfinished attic; Crawl space basement; Seven total rooms
• Laundry & utility: Main level laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $158 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $118k).

Location & tenants

• Location reads 65/100 on livability (#662 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: schools D-, amenities F, commute F.
• Riverdale CUSD 100 (rural): math 26% / reading 38% proficiency, ranked #206 of 620 in IL (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 6 active listings in the ZIP; 116 units permitted in Rock Island County in 2024 (50 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($812 loan paydown + $6k appreciation (5.2% local appreciation)).
• Rock Island County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.2% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,500

Questions for the listing agent

1. Built in 1907 — 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 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?
4. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.77%
• DSCR: 1.26
• GRM: 7.7

CMA / ARV

• ARV (median comp): $183,951
• List price: $117,500
• Delta: -36.12%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
800 Main Ave	0.00mi	3/2.0	1,790 (0%)	0mo	$115,000	$64	100
116 Route 84	0.30mi	3/2.0	1,950 (+9%)	14mo	$216,100	$111	60
801 3rd S St S	0.54mi	3/2.0	1,540 (-14%)	16mo	$199,900	$130	38

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

Projected returns pro-forma

5.19% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.3%
• Equity multiple: 2.17×
• Total profit: $38,471
• Equity at exit: $67,940

10-year hold

• IRR: 18.2%
• Equity multiple: 4.26×
• Total profit: $107,099
• Equity at exit: $118,391

Cash invested: $32,900 (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 61242

• Home prices YoY: 3.6%
• Active inventory: 6
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,268 medium
• Mortgage (P&I): −$616
• Tax from tax record: −$179 /mo · $2,144/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $158

Break-even live

Break-even rent $1,068

Max offer price $117,500

Occupancy floor 83%

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: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-07
   status Pending 31-char remark
2. 2002-05-15
   soldstatus $89,000

ⓘ 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: $2,144 · $179/mo
• Projected year-2 tax: $2,406 · $200/mo
• Expected delta: +$261/yr (+$22/mo · 12.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,221
• − Mortgage interest: −$6,582
• − Property taxes: −$2,144
• − Insurance: −$588
• − Repairs & maintenance: −$1,218
• − Management: −$1,218
• − Depreciation: −$3,418
• Taxable income: $54
• Est. tax owed @ 24.0%: −$13
• After-tax cash flow: $1,886/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: Riverdale CUSD 100
• NCES district ID: 1733930
• Math proficiency: 26% ▼ -15.00%
• Reading proficiency: 38% ▼ -12.00%
• Median HH income: $66,006
• Composite: 29.35/100
• National rank: #6536
• State rank: #206 of 620 in IL

Livability — Cordova

• Score: 65/100
• State rank: #662
• US rank: #13567

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cordova, IL
• Population (ZIP): 1,135

Population outlook (Rock Island County) Hauer SSP2

• Today (2025): 140,982 people
• By 2030: 137,705 · -2.3%
• By 2040: 130,512 · -7.4%
• By 2050: 123,841 · -12.2%
• By 2075: 109,851 · -22.1%
• By 2100: 90,922 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Hispanic / Latino 1% Asian 1%
• Common ancestry: Italian 4% Lithuanian 3% English 2%
• Foreign-born: 2% · China
• Languages at home: 98% English-only · Other Indo-European 1% Spanish 1%

Political lean MEDSL · Rock Island

• 2024 margin: Lean D (+9.6) · D 53.9% · R 44.4% · Other 1.7%
• 2008→2024 swing: -15.0pp toward R · 2008: 24.6pp · 2024: 9.6pp
• All cycles: 2024: D+9.6 2020: D+12.1 2016: D+8.4 2012: D+21.9 2008: D+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.19%
• Current HPI: 149.6184
• 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

+29.2% since first listed

3 events — show timeline

• 2026-06-12 Sold (MLS) $115,000 MRED as Distributed by MLS Grid
• 2026-05-07 Pending — MRED as Distributed by MLS Grid
• 2002-05-15 Sold (Public Records) $89,000 Public Records

Property tax history

+2.1%/yr

Latest (2024): $2,144 · +9.3% YoY. Source: county tax records.