570 1st North St · Wellington, IL 60973

$74,900

3 bd · 1.0 ba · 1,600 sqft · SingleFamily · 18 Days on market

Built 1977 Fair condition 0.34 ac lot $47/sqft · 16% below area Est $90k · 16% 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 +30.0/30.0
• ARV discount +14.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.0/10.0
• Condition / age +2.8/5.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

Key facts

• Fenced-in area
• Tiled floors
• Hardwood floors

Tags

• TILED FLOORS
• HARDWOOD FLOORS
• FENCED-IN AREA
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $428 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $74k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 53/100 on livability (#1,295 in IL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: schools F, crime F, amenities F.
• Hoopeston Area CUSD 11 (town): math 9% / reading 15% proficiency, ranked #559 of 620 in IL (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 3 active listings in the ZIP; 14 units permitted in Iroquois County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($518 loan paydown + $2k appreciation (3.0% local appreciation)).
• Iroquois County population projected at -20% 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 $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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.

Recommended offer $73,776 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.60% ✓
• Cap rate: 13.14%
• Cash-on-cash: 24.46%
• DSCR: 2.09
• GRM: 5.2

CMA / ARV

• ARV (median comp): $89,644
• List price: $74,900
• Delta: -16.45%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
291 E Main St	0.27mi	3/2.0	1,688 (+6%)	3mo	$121,500	$72	71
151 Prairie St	0.38mi	3/2.0	1,400 (-12%)	9mo	$90,000	$64	50

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.6%
• Equity multiple: 2.73×
• Total profit: $36,270
• Equity at exit: $33,678

10-year hold

• IRR: 31.0%
• Equity multiple: 5.34×
• Total profit: $90,994
• Equity at exit: $51,902

Cash invested: $20,972 (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 60973

• Active inventory: 3
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,196 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,124/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $428

Break-even live

Break-even rent $655

Max offer price $74,900

Occupancy floor 59%

Sensitivity live

Price	-10% $479	-5% $453	+0% $428	+5% $402	+10% $376
Rent	-10% $333	-5% $380	+0% $428	+5% $475	+10% $522
Rate	-1.0pp $465	-0.5pp $447	base $428	+0.5pp $408	+1.0pp $388

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-06
   status Pending 541-char remark

   Show marketing remark (541 chars)

   THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

2. 2026-05-06
   status Pending 541-char remark

   Show marketing remark (541 chars)

   THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

3. 2026-04-22
   status Active 541-char remark

   Show marketing remark (541 chars)

   THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

4. 2026-04-22
   status Active 541-char remark

   Show marketing remark (541 chars)

   THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

5. 2026-04-02
   status Pending 541-char remark

   Show marketing remark (541 chars)

   THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

6. 2026-04-02
   status Pending 541-char remark

   Show marketing remark (541 chars)

   THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

7. 2026-03-29
   listed $74,900 Active 541-char remark

   Show marketing remark (541 chars)

   THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

8. 2026-03-28
   listed $74,900 Active 541-char remark

   Show marketing remark (541 chars)

   THIS 3-4 BEDROOM RANCH IS MOVE-IN READY AND PRICED TO SELL. LOCATED IN WELLINGTON, IL. THIS HOME HAS PLENTY OF SPACE. WITH TILED FLOORS IN THE KITCHEN AND DINING ROOM, HARDWOOD FLOORS IN THE LIVING ROOM. THE DEN COULD BE USED AS A 4TH BEDROOM AND THE OTHER 3 ARE LOCATED AT THE BACK OF THE HOME. THE HOME SITS ON 2.5 LOTS AND IS VERY LARGE. THE OUTSIDE OFFERS A FENCED-IN AREA FOR THE DOGS AND A 2-CAR DETACHED GARAGE. ALL ROOM DIMENSIONS, SQ FOOTAGE, AND YR BUILT ARE APPROXIMATE. HOME SHOULD QUALIFY FOR ALL TYPES OF FINANCING. CALL TODAY!

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

Taxation est. · year 1

• Rental income: $14,357
• − Mortgage interest: −$4,196
• − Property taxes: −$1,124
• − Insurance: −$374
• − Repairs & maintenance: −$1,149
• − Management: −$1,149
• − Depreciation: −$2,179
• Taxable income: $4,187
• Est. tax owed @ 24.0%: −$1,005
• After-tax cash flow: $4,125/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.

Condition & rehab AI · 13 photos

Fair 55/100 Cosmetic rehab

This 3-bedroom ranch is move-in ready but requires some cosmetic updates to enhance its resale value.

Repairs flagged

• Minor Kitchen cabinets — Slight wear
• Minor Bathroom fixtures — Slight wear
• Minor Exterior siding — Some discoloration

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal
• Resale Clean kitchen and bathroom — Cleanliness is key for potential buyers
• Resale Trim grass and weeds — Well-maintained landscaping improves curb appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Slight wear	Minor	$500–3,000
Bathroom fixtures · Slight wear	Minor	$500–3,000
Exterior siding · Some discoloration	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal ↑
• Resale Clean kitchen and bathroom — Cleanliness is key for potential buyers ↑
• Resale Trim grass and weeds — Well-maintained landscaping improves curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Hoopeston Area CUSD 11
• NCES district ID: 1719660
• Math proficiency: 9% ▼ -7.00%
• Reading proficiency: 15% ▼ -3.00%
• Median HH income: $40,897
• Composite: 10.39/100
• National rank: #9786
• State rank: #559 of 620 in IL

Livability — Wellington

• Score: 53/100
• State rank: #1295
• US rank: #24552

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wellington, IL
• Population (ZIP): 382

Population outlook (Iroquois County) Hauer SSP2

• Today (2025): 26,826 people
• By 2030: 25,771 · -3.9%
• By 2040: 23,589 · -12.1%
• By 2050: 21,523 · -19.8%
• By 2075: 17,998 · -32.9%
• By 2100: 14,979 · -44.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 11% Two or more races 4%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Serbian 1% Lithuanian 1% Italian 1%
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Iroquois

• 2024 margin: Solid R (+57.3) · D 20.6% · R 78.0% · Other 1.4%
• 2008→2024 swing: -27.5pp toward R · 2008: -29.8pp · 2024: -57.3pp
• All cycles: 2024: R+57.3 2020: R+56.7 2016: R+56.0 2012: R+44.7 2008: R+29.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+0.0% since first listed

8 events — show timeline

• 2026-05-06 Pending — CIBR
• 2026-05-06 Pending — MRED as Distributed by MLS Grid
• 2026-04-22 Relisted — MRED as Distributed by MLS Grid
• 2026-04-22 Relisted — CIBR
• 2026-04-02 Pending — MRED as Distributed by MLS Grid
• 2026-04-02 Pending — CIBR
• 2026-03-29 Listed $74,900 CIBR
• 2026-03-28 Listed $74,900 MRED as Distributed by MLS Grid