1647 Maple St · Granite City, IL 62040

$10,000

3 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 14 Days on market

Built 1920 5,662 sqft lot

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Own this home and pay less than what rent would be or start your investment portfolio! This cozy home is ready for a new owner or would be a fantastic rental property and comes with the additional parcel of 22-2-19-24-05-105-012. The additional lot would be perfect for a garage. Home is being sold as-is and it is buyer's responsibility to pass occupancy. Buyer and buyer's agent to verify all information in the MLS including sq ft, taxes, features and schools.

Key facts

• 5,662 sq ft lot
• Built 1920
• Listed 14 days

Property features AI

Finance

• Other: Living area reported as 1,024 (source: public records); Lot size reported as 0.13 acres (source: public records)
• Financial info: Auction listing; Lease not considered
• HOA & community: No HOA details provided

Exterior

• Parking: Off-street parking
• Security: No security details provided
• Utilities: Public water; Public sewer; Electricity available; Cable available; Electric service listed as other
• Home design: Single family residence; House with two levels; Private ownership
• Construction: Brick and other construction materials; Architectural shingle roof; Built year not provided
• Exterior features: Adjoins open ground; Shed(s) on property; Off-street parking

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: 2 bedrooms (1 on main level, 1 on upper level)
• Flooring: No flooring details provided
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Full unfinished basement
• Laundry & utility: No heating or cooling; No laundry appliance details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $10k.

Deal economics

• At list price, monthly cash flow is $775 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $10k).
• Cap rate 99.3% vs local median 7.0% in Granite City — 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 65/100 on livability (#623 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Granite City CUSD 9 (suburban): math 9% / reading 11% proficiency, ranked #570 of 620 in IL (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Granite City High School (math 10% / reading 12%, grade F, #522 of 693 statewide, top 76%, 1,805 students, 0% FRL) — zoned schools average 0% FRL vs 59% district-wide (59 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+1.7%/yr); 194 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 336 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $69 of loan paydown is wiped out by about $300 of value loss. Plan a longer hold.
• Madison County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 1.7% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y 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 1920 — 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 $10,000

Questions for the listing agent

1. Built in 1920 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 10.69% ✓
• Cap rate: 99.31%
• Cash-on-cash: 332.19%
• DSCR: 15.78
• GRM: 0.8

CMA / ARV

• ARV (on-the-fly): $60,416
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1647 Maple St	0.00mi	2/1.0 (-1)	1,024 (0%)	1mo	$10,000	$10	94
1648 Spruce St	0.04mi	2/1.0 (-1)	1,040 (+2%)	3mo	$89,000	$86	88
1611 Maple St	0.08mi	2/2.0 (-1)	912 (-11%)	10mo	$100,000	$110	61
2128 Dewey Ave	0.73mi	3/1.0	1,064 (+4%)	7mo	$10,000	$9	53
2014 Bryan Ave	0.59mi	3/1.0	940 (-8%)	9mo	$55,000	$59	52
1940 Adams St	0.69mi	2/1.0 (-1)	1,072 (+5%)	15mo	$45,000	$42	43
2017 Dewey Ave	0.61mi	2/1.5 (-1)	1,088 (+6%)	16mo	$55,900	$51	40
2031 Illinois Ave	0.68mi	3/1.0	1,155 (+13%)	11mo	$85,500	$74	38

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 · 1.67% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 17.55×
• Total profit: $46,352
• Equity at exit: $1,491

10-year hold

• IRR: —
• Equity multiple: 36.13×
• Total profit: $98,358
• Equity at exit: $865

Cash invested: $2,800 (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 62040

• Home prices YoY: -21.8%
• Rents YoY: 1.7%
• Active inventory: 194
• Price-to-rent: 0.8×

Monthly cashflow live

• Estimated rent: $1,069 medium
• Mortgage (P&I): −$52
• Tax est. 1.5%: −$12 /mo · $150/yr
• Insurance: −$4
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $775

Break-even live

Break-even rent $87

Max offer price $10,000

Occupancy floor 22%

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: $2,500
• Closing costs: $300
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1534 7th St Unit A Madison, IL	2.0	1.0	900	$1,200	$1.33	12d	1	1.33mi
2317 Grand Ave Granite City, IL	2.0	1.0	1124	$750	$0.67	7d	1	1.35mi
2450 Cleveland Blvd Apt A Granite City, IL	2.0	1.0	846	$825	$0.98	17d	1	1.45mi

Listing history 9 events

1. 2026-05-01
   status Pending
2. 2026-04-17
   listed $10,000 Active
3. 2026-02-18
   status Active
4. 2026-02-12
   status Pending
5. 2026-02-04
   listed $10,000 Active
6. 2023-04-05
   soldstatus $22,500
7. 2023-03-27
   soldstatus Closed 467-char remark

   Show marketing remark (467 chars)

   Own this home and pay less than what rent would be or start your investment portfolio! This cozy home is ready for a new owner or would be a fantastic rental property and comes with the additional parcel of 22-2-19-24-05-105-012. The additional lot would be perfect for a garage. Home is being sold as-is and it is buyer's responsibility to pass occupancy. Buyer and buyer's agent to verify all information in the MLS including sq ft, taxes, features and schools.

8. 2023-03-15
   status Pending 467-char remark

   Show marketing remark (467 chars)

   Own this home and pay less than what rent would be or start your investment portfolio! This cozy home is ready for a new owner or would be a fantastic rental property and comes with the additional parcel of 22-2-19-24-05-105-012. The additional lot would be perfect for a garage. Home is being sold as-is and it is buyer's responsibility to pass occupancy. Buyer and buyer's agent to verify all information in the MLS including sq ft, taxes, features and schools.

9. 2023-03-09
   listed $30,000 Active 467-char remark

   Show marketing remark (467 chars)

   Own this home and pay less than what rent would be or start your investment portfolio! This cozy home is ready for a new owner or would be a fantastic rental property and comes with the additional parcel of 22-2-19-24-05-105-012. The additional lot would be perfect for a garage. Home is being sold as-is and it is buyer's responsibility to pass occupancy. Buyer and buyer's agent to verify all information in the MLS including sq ft, taxes, features and schools.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,824
• − Mortgage interest: −$560
• − Property taxes: −$150
• − Insurance: −$50
• − Repairs & maintenance: −$1,026
• − Management: −$1,026
• − Depreciation: −$291
• Taxable income: $9,721
• Est. tax owed @ 24.0%: −$2,333
• After-tax cash flow: $6,968/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: Granite City CUSD 9
• NCES district ID: 1717280
• Math proficiency: 9% ▼ -4.00%
• Reading proficiency: 11% ▼ -7.00%
• Median HH income: $45,082
• Composite: 9.15/100
• National rank: #9864
• State rank: #570 of 620 in IL

Livability — Granite City

• Score: 65/100
• State rank: #623
• US rank: #12751

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Granite City, IL
• County: Madison County · 189,064 people
• City population: 40,404
• Metro: St. Louis, MO-IL
• Population (ZIP): 40,404
• Household income: $60,031
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 923.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 258,371 people
• By 2030: 251,523 · -2.7%
• By 2040: 233,640 · -9.6%
• By 2050: 213,042 · -17.5%
• By 2075: 165,255 · -36.0%
• By 2100: 123,953 · -52.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 9% Black 9% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 2% Lithuanian 2% Serbian 2%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5%

Political lean MEDSL · Madison

• 2024 margin: R (+13.3) · D 42.5% · R 55.8% · Other 1.8%
• 2008→2024 swing: -22.5pp toward R · 2008: 9.2pp · 2024: -13.3pp
• All cycles: 2024: R+13.3 2020: R+13.2 2016: R+15.6 2012: R+1.4 2008: D+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.88%
• Current HPI: 204.4612
• Rent YoY: ▲ 1.67%
• 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

-66.7% since first listed

9 events — show timeline

• 2026-05-01 Pending — MARIS as Distributed by MLS Grid
• 2026-04-17 Listed $10,000 MARIS as Distributed by MLS Grid
• 2026-02-18 Relisted — MARIS as Distributed by MLS Grid
• 2026-02-12 Pending — MARIS as Distributed by MLS Grid
• 2026-02-04 Listed $10,000 MARIS as Distributed by MLS Grid
• 2023-04-05 Sold (Public Records) $22,500 Public Records
• 2023-03-27 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2023-03-15 Pending — MARIS as Distributed by MLS Grid
• 2023-03-09 Listed $30,000 MARIS as Distributed by MLS Grid

Property tax history

+2.4%/yr

Latest (2024): $938 · +1.5% YoY. Source: county tax records.