31 Louise Ln · Cahokia Heights, IL 62206

$79,000

2 bd · 2.0 ba · 720 sqft · Land public records · 98 Days on market

Built 1958 6,098 sqft lot $110/sqft · 8% above area Est $73k · 8% 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +3.9/15.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turn-Key 2 Bed / 1 Bath Ranch – Great Investment or Starter Home!!! Fully remodeled 2-bedroom, 1-bath ranch home that is truly move-in ready. This property is currently tenant-occupied with a renter paying $950 per month, with the lease in place through December, offering immediate income potential for investors. Please do not disturb tenant. Perfect opportunity for investors seeking rental income, first-time home buyers, or those looking to downsize into a low-maintenance home. The home is code compliant and well maintained. Showings require a minimum of 48 hours advance notice. Please do not disturb the tenant currently occupying the property.

Key facts

• Move-in ready
• Fully remodeled
• Code compliant

Tags

• FULLY REMODELED
• MOVE-IN READY
• IMMEDIATE INCOME POTENTIAL
• CODE COMPLIANT
• WELL MAINTAINED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath land listed at $79k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $72k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Cahokia CUSD 187 (suburban): math 3% / reading 5% proficiency, ranked #864 of 919 in IL (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 153 active listings in the ZIP; 1 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 783 units permitted in St. Clair County in 2024 (378 in 5+ unit buildings).
• This rent runs 42% of the median local income ($34k/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 $546 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $41k; list at $79k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — 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 $71,890 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.49% ✓
• Cap rate: 11.85%
• Cash-on-cash: 19.86%
• DSCR: 1.88
• GRM: 5.6

CMA / ARV

• ARV (median comp): $73,167
• List price: $79,000
• Delta: 7.97%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 12.0%
• Equity multiple: 1.48×
• Total profit: $10,549
• Equity at exit: $11,779

10-year hold

• IRR: 21.0%
• Equity multiple: 2.78×
• Total profit: $39,336
• Equity at exit: $6,830

Cash invested: $22,120 (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 62206

• Home prices YoY: -20.2%
• Active inventory: 153
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,179 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$118 /mo · $1,419/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $366

Break-even live

Break-even rent $716

Max offer price $79,000

Occupancy floor 64%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1716 # E Unit Loretta Ave unit East St Louis, IL	2.0	1.0	720	$1,000	$1.39	44d	1	1.40mi

Listing history 17 events

1. 2026-06-18
   days on market $79,000 Active 98 DOM
2. 2026-06-17
   days on market $79,000 Active 97 DOM
3. 2026-06-16
   days on market $79,000 Active 96 DOM
4. 2026-06-15
   days on market $79,000 Active 95 DOM
5. 2026-06-13
   days on market $79,000 Active 93 DOM
6. 2026-06-13
   pricedays on market $79,000 Active 92 DOM
7. 2026-06-09
   days on market $90,000 Active 89 DOM
8. 2026-06-08
   days on market $90,000 Active 88 DOM
9. 2026-06-07
   days on market $90,000 Active 87 DOM
10. 2026-06-05
    days on market $90,000 Active 84 DOM
11. 2026-06-03
    days on market $90,000 Active 83 DOM
12. 2026-06-02
    days on market $90,000 Active 82 DOM
13. 2026-06-01
    days on market $90,000 Active 81 DOM
14. 2026-05-31
    days on market $90,000 Active 80 DOM
15. 2026-03-12
    listed $90,000 Active 660-char remark

    Show marketing remark (660 chars)

    Turn-Key 2 Bed / 1 Bath Ranch – Great Investment or Starter Home!!! Fully remodeled 2-bedroom, 1-bath ranch home that is truly move-in ready. This property is currently tenant-occupied with a renter paying $950 per month, with the lease in place through December, offering immediate income potential for investors. Please do not disturb tenant. Perfect opportunity for investors seeking rental income, first-time home buyers, or those looking to downsize into a low-maintenance home. The home is code compliant and well maintained. Showings require a minimum of 48 hours advance notice. Please do not disturb the tenant currently occupying the property.

16. 2015-01-13
    soldstatus $41,000
17. 2013-01-23
    soldstatus $48,500

ⓘ 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: $1,419 · $118/mo
• Projected year-2 tax: $1,606 · $134/mo
• Expected delta: +$187/yr (+$16/mo · 13.2%)

ⓘ 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 (shaded) · 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 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,151
• − Mortgage interest: −$4,425
• − Property taxes: −$1,419
• − Insurance: −$395
• − Repairs & maintenance: −$1,132
• − Management: −$1,132
• − Depreciation: −$2,298
• Taxable income: $3,349
• Est. tax owed @ 24.0%: −$804
• After-tax cash flow: $3,590/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: Cahokia CUSD 187
• NCES district ID: 1708040
• Math proficiency: 3% ▼ -2.00%
• Reading proficiency: 5% ▬ 0.00%
• Median HH income: $28,028
• Composite: 6.44/100
• National rank: #14827
• State rank: #864 of 919 in IL

Livability — Cahokia Heights

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Cahokia Heights, IL
• County: Saint Clair County · 169,691 people
• City population: 19,956
• Metro: St. Louis, MO-IL
• Population (ZIP): 12,959
• Household income: $33,838
• Rent vs Own: 44.5% rent · 55.5% own
• Severe rent burden: 729.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 6% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 2% Lithuanian 1% Iranian 1%
• Foreign-born: 2% · China
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% Chinese 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: ▼ -33.26%
• Current HPI: 131.5144
• Rent YoY: —
• 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

+85.6% since first listed

3 events — show timeline

• 2026-03-12 Listed $90,000 MARIS as Distributed by MLS Grid
• 2015-01-13 Sold (Public Records) $41,000 Public Records
• 2013-01-23 Sold (Public Records) $48,500 Public Records

Property tax history

+1.2%/yr

Latest (2023): $1,419 · +9.6% YoY. Source: county tax records.