1235 Oriole St · Venice, IL 62090

$4,950

2 bd · 1.0 ba · 1,124 sqft · SingleFamily public records · 82 Days on market

Built 1922 5,998 sqft lot $4/sqft · 83% below area ↓ 50% since listing

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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
• Appreciation +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.4/10.0

Listing remarks MLS

Investor Special – 2 Bed / 1 Bath Home” 2 bedroom, 1 bathroom ? the layout of the house Investor special ? the key part The property needs work (sometimes a LOT of work) It’s usually being sold “as-is” (no repairs from the seller) Often priced below market value Targeted toward: house flippers landlords cash buyers

Key facts

• 5,998 sq ft lot
• Built 1922
• Listed 81 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $791 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $5k).
• Recommended offer: $5k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#710 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.
• Venice CUSD 3 (suburban): math 0% / reading 0% proficiency, ranked #916 of 919 in IL (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 4 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 336 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $182 of equity ($34 loan paydown + $148 appreciation (3.0% local appreciation)).
• 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 + 3.0% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($5k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $122/mo; built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance); extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $4,653 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 24.24% ✓
• Cap rate: 227.82%
• Cash-on-cash: 791.16%
• DSCR: 36.20
• GRM: 0.3

CMA / ARV

• ARV (median comp): $28,572
• List price: $4,950
• Delta: -82.68%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
620 Washington St	0.23mi	3/1.0 (+1)	1,124 (0%)	21mo	$38,000	$34	66

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: —
• Equity multiple: 37.87×
• Total profit: $51,101
• Equity at exit: $2,226

10-year hold

• IRR: —
• Equity multiple: 81.37×
• Total profit: $111,393
• Equity at exit: $3,430

Cash invested: $1,386 (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 62090

• Active inventory: 4
• Price-to-rent: 0.3×

Monthly cashflow live

• Estimated rent: $1,200 medium
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $74/yr
• Insurance: −$2
• Flood insurance flood zone: −$122 /mo · $1,468/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $791

Break-even live

Break-even rent $198

Max offer price $4,950

Occupancy floor 29%

Sensitivity live

Price	-10% $795	-5% $793	+0% $791	+5% $790	+10% $788
Rent	-10% $697	-5% $744	+0% $791	+5% $839	+10% $886
Rate	-1.0pp $794	-0.5pp $793	base $791	+0.5pp $790	+1.0pp $789

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: $1,238
• Closing costs: $148
• Reserves months: —
• Total cash needed: —

Rent comps 1 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	13d	1	0.97mi

Listing history 19 events

1. 2026-06-21
   days on market $4,950 Active 82 DOM
2. 2026-06-18
   days on market $4,950 Active 79 DOM
3. 2026-06-17
   days on market $4,950 Active 78 DOM
4. 2026-06-16
   days on market $4,950 Active 77 DOM
5. 2026-06-15
   days on market $4,950 Active 76 DOM
6. 2026-06-13
   days on market $4,950 Active 74 DOM
7. 2026-06-13
   days on market $4,950 Active 73 DOM
8. 2026-06-09
   days on market $4,950 Active 70 DOM
9. 2026-06-08
   days on market $4,950 Active 69 DOM
10. 2026-06-07
    days on market $4,950 Active 68 DOM
11. 2026-06-05
    days on market $4,950 Active 65 DOM
12. 2026-06-03
    days on market $4,950 Active 64 DOM
13. 2026-06-02
    days on market $4,950 Active 63 DOM
14. 2026-06-01
    days on market $4,950 Active 62 DOM
15. 2026-05-31
    days on market $4,950 Active 61 DOM
16. 2026-04-01
    listed $4,950 Active 346-char remark

    Show marketing remark (346 chars)

    Investor Special – 2 Bed / 1 Bath Home” 2 bedroom, 1 bathroom ? the layout of the house Investor special ? the key part The property needs work (sometimes a LOT of work) It’s usually being sold “as-is” (no repairs from the seller) Often priced below market value Targeted toward: house flippers landlords cash buyers

17. 2026-04-01
    historical $4,950 346-char remark

    Show marketing remark (346 chars)

    Investor Special – 2 Bed / 1 Bath Home” 2 bedroom, 1 bathroom ? the layout of the house Investor special ? the key part The property needs work (sometimes a LOT of work) It’s usually being sold “as-is” (no repairs from the seller) Often priced below market value Targeted toward: house flippers landlords cash buyers

18. 2025-12-29
    listed $9,900 Active
19. 2025-12-28
    historical

ⓘ 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 6/10 Major FEMA zone AO · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 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: $14,400
• − Mortgage interest: −$277
• − Property taxes: −$74
• − Insurance: −$1,492
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$144
• Taxable income: $10,108
• Est. tax owed @ 24.0%: −$2,426
• After-tax cash flow: $7,072/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: Venice CUSD 3
• NCES district ID: 1740200
• Math proficiency: 0% ▬ 0.00%
• Reading proficiency: 0% ▼ -11.00%
• Median HH income: $31,757
• Composite: 3.65/100
• National rank: #15088
• State rank: #916 of 919 in IL

Livability — Venice

• Score: 64/100
• State rank: #710
• US rank: #14405

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Venice, IL
• City population: 1,015
• Population (ZIP): 1,015

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 Black (79%)
• Race & ethnicity: Black 79% Two or more races 12% White 6% Hispanic / Latino 3%
• Languages at home: 98% English-only · Spanish 2%

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: —
• 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

-50.0% since first listed

4 events — show timeline

• 2026-04-01 Listed $4,950 MARIS as Distributed by MLS Grid
• 2026-04-01 Coming Soon $4,950 MARIS as Distributed by MLS Grid
• 2025-12-29 Listed $9,900 MARIS as Distributed by MLS Grid
• 2025-12-28 Coming Soon — MARIS as Distributed by MLS Grid

Property tax history

-4.4%/yr

Latest (2023): $408 · +3.1% YoY. Source: county tax records.