321 W Cleveland Ave · Belleville, IL 62220

$99,900

3 bd · 2.0 ba · 784 sqft · SingleFamily public records · 17 Days on market

Built 1929 6,969 sqft lot

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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 +27.5/30.0
• DSCR +9.6/10.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Key facts

• 6,969 sq ft lot
• Garage
• Built 1929

Property features AI

Finance

• Financial info: Lease not considered; No second mortgage indicated

Exterior

• Parking: Attached garage
• Utilities: Public water; Public sewer; Electric service by Ameren; Underground utilities
• Home design: Single-family residence; One and one-half levels
• Construction: Vinyl siding
• Exterior features: City lot

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 3 bedrooms total (2 on the main level, 1 on the upper level)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air (natural gas); Central air; Ceiling fan(s)
• Interior features: Electric range; Refrigerator; Ceiling fans; Central air; Forced air heating; Natural gas heating; Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.8% vs local median 5.6% in Belleville — 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 78/100 on livability (#142 in IL, #2,604 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities D-.
• Belleville Twp Hsd 201 (suburban): math 21% / reading 28% proficiency, ranked #308 of 620 in IL (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Belleville High School-East (math 23% / reading 30%, grade F, #241 of 693 statewide, top 35%, 2,568 students, 0% FRL).
• Market conditions: Rents rising fast (+14.5%/yr); 148 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 783 units permitted in St. Clair County in 2024 (378 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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 + 8.0% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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.
• Current owner paid $53k; list at $100k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1929 — 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 $98,401 (1.5% below list)

Questions for the listing agent

1. Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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: 1.38% ✓
• Cap rate: 9.85%
• Cash-on-cash: 12.70%
• DSCR: 1.56
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $47,040
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
400 S Belt	0.21mi	3/1.5	864 (+10%)	13mo	$100,000	$116	60
719 W Monroe St	0.55mi	3/1.0	784 (0%)	13mo	$9,950	$13	59
18 W Garfield St	0.39mi	2/1.0 (-1)	850 (+8%)	4mo	$49,900	$59	55
509 S Church St	0.53mi	2/1.0 (-1)	848 (+8%)	3mo	$99,900	$118	50
412 E Mckinley St	0.61mi	2/1.0 (-1)	832 (+6%)	8mo	$50,000	$60	46
413 S 8th St	0.61mi	2/1.0 (-1)	676 (-14%)	1mo	$78,000	$115	39
905 W Harrison St	0.68mi	2/1.0 (-1)	900 (+15%)	23mo	$50,000	$56	16

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 8.6%
• Equity multiple: 1.36×
• Total profit: $10,011
• Equity at exit: $14,895

10-year hold

• IRR: 22.0%
• Equity multiple: 3.37×
• Total profit: $66,396
• Equity at exit: $8,638

Cash invested: $27,972 (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 62220

• Home prices YoY: -26.4%
• Rents YoY: 14.5%
• Active inventory: 148
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,375 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$225 /mo · $2,697/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $296

Break-even live

Break-even rent $1,000

Max offer price $99,900

Occupancy floor 73%

Sensitivity live

Price	-10% $353	-5% $324	+0% $296	+5% $268	+10% $239
Rent	-10% $187	-5% $242	+0% $296	+5% $350	+10% $405
Rate	-1.0pp $346	-0.5pp $321	base $296	+0.5pp $270	+1.0pp $244

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1104 Bel Aire Dr Belleville, IL	2.0	1.0	780	$1,350	$1.73	2d	1	1.34mi
1308 Caseyville Ave Swansea, IL	2.0	1.0	890	$1,200	$1.35	5d	1	1.48mi

Listing history 10 events

1. 2026-06-18
   days on market $99,900 Active 17 DOM
2. 2026-06-17
   days on market $99,900 Active 16 DOM
3. 2026-06-16
   days on market $99,900 Active 15 DOM
4. 2026-06-15
   days on market $99,900 Active 14 DOM
5. 2026-06-13
   days on market $99,900 Active 12 DOM
6. 2026-06-09
   days on market $99,900 Active 8 DOM
7. 2026-06-08
   days on market $99,900 Active 7 DOM
8. 2026-06-07
   days on market $99,900 Active 6 DOM
9. 2026-06-03
   days on market $99,900 Active 2 DOM
10. 2026-06-02
    listed $99,900 Active 1 DOM

ⓘ 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: $2,697 · $225/mo
• Projected year-2 tax: $2,697 · $225/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 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 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,500
• − Mortgage interest: −$5,596
• − Property taxes: −$2,697
• − Insurance: −$500
• − Repairs & maintenance: −$1,320
• − Management: −$1,320
• − Depreciation: −$2,906
• Taxable income: $2,161
• Est. tax owed @ 24.0%: −$519
• After-tax cash flow: $3,033/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: Belleville Twp Hsd 201
• NCES district ID: 1705640
• Math proficiency: 21% ▼ -8.00%
• Reading proficiency: 28% ▼ -3.00%
• Median HH income: $58,064
• Composite: 22.39/100
• National rank: #8115
• State rank: #308 of 620 in IL

Livability — Belleville

• Score: 78/100
• State rank: #142
• US rank: #2604

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Belleville, IL
• County: Saint Clair County · 169,691 people
• City population: 47,407
• Metro: St. Louis, MO-IL
• Population (ZIP): 19,152
• Household income: $65,952
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 923.0

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: Predominantly White (67%)
• Race & ethnicity: White 67% Black 22% Two or more races 6% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Arabic 2% Spanish 1% Other Indo-European 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: ▼ -52.27%
• Current HPI: 145.9237
• Rent YoY: ▲ 14.47%
• 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

+88.5% since first listed

9 events — show timeline

• 2026-06-01 Listed $99,900 MARIS as Distributed by MLS Grid
• 2026-06-01 Coming Soon $99,900 MARIS as Distributed by MLS Grid
• 2017-04-12 Delisted — MARIS as Distributed by MLS Grid
• 2017-03-03 Price Changed $58,500 MARIS as Distributed by MLS Grid
• 2017-01-10 Price Changed $59,900 MARIS as Distributed by MLS Grid
• 2016-11-30 Price Changed $62,900 MARIS as Distributed by MLS Grid
• 2016-10-12 Price Changed $69,900 MARIS as Distributed by MLS Grid
• 2016-07-28 Listed $73,500 MARIS as Distributed by MLS Grid
• 2009-11-10 Sold (Public Records) $53,000 Public Records

Property tax history

+3.7%/yr

Latest (2024): $2,697 · +13.3% YoY. Source: county tax records.