1019 E Walnut St · Canton, IL 61520

$34,900

3 bd · 1.0 ba · 1,600 sqft · SingleFamily public records · 6 Days on market

Built 1911 0.46 ac 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BANK REPO SOLD "AS IS'. EXTRA LARGE LOT, 2 FULL BATHS, OFFERS SUMBITTED BY AGENT THROUGH E-BAY. CALL LISTING AGENT FOR DETAILS.

Key facts

• Alley access
• Large lot
• 0.46 acre lot

Tags

• LARGE LOT
• ALLEY ACCESS
• DETACHED GARAGE WORKSHOP

Property features AI

Exterior

• Parking: On-street parking; Alley access; Paved surfaces (no garage)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Built in 1911; Has a partial, unfinished basement; Main entry and rooms across multiple levels (main, upper, lower, basement, additional level)
• Construction: Shingle roof
• Exterior features: Replacement windows; Level lot; Road access via gravel and paved surfaces

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 3 bedrooms (bedroom sizes include: 16 x 11; 15 x 12; 11 x 8) — bedrooms located on the main level
• Flooring: Laminate flooring in multiple main-level rooms; Vinyl flooring in laundry room; Other flooring in some areas
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Electric water heater
• Interior features: Ceiling fans
• Laundry & utility: Dedicated laundry room on main level; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $706 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Cap rate 30.6% vs local median 7.8% in Canton — 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 72/100 on livability (#318 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Canton Union SD 66 (town): math 19% / reading 23% proficiency, ranked #417 of 620 in IL (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Canton High School (math 22% / reading 27%, grade F, #256 of 693 statewide, top 44%, 641 students, 0% FRL) — zoned schools average 0% FRL vs 46% district-wide (46 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 108 active listings in the ZIP; 14 units permitted in Fulton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $241 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Fulton 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 $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 23y 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 $20k; list at $35k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price; built in 1911 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $34,900

Questions for the listing agent

1. Built in 1911 — 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. 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. 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: 3.71% ✓
• Cap rate: 30.56%
• Cash-on-cash: 86.68%
• DSCR: 4.86
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $86,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
434 Dean Ct	0.64mi	3/1.0	1,604 (+0%)	2mo	$85,000	$53	68
605 E Chestnut St	0.39mi	4/2.0 (+1)	1,656 (+4%)	2mo	$115,000	$69	65
447 N 10th Ave	0.54mi	2/1.0 (-1)	1,500 (-6%)	1mo	$75,000	$50	59
45 N 7th Ave	0.30mi	4/1.0 (+1)	1,824 (+14%)	1mo	$50,000	$27	57
336 N 14th St	0.54mi	3/1.0	1,776 (+11%)	2mo	$128,500	$72	55
1350 E Chestnut St	0.36mi	3/2.0	1,410 (-12%)	6mo	$150,000	$106	54
506 E Elm St	0.40mi	3/2.0	1,832 (+14%)	0mo	$98,500	$54	53
637 S 3rd Ave	0.66mi	3/2.0	1,496 (-6%)	2mo	$67,000	$45	53
1340 E Ash St	0.55mi	3/1.0	1,408 (-12%)	3mo	$50,000	$36	52
1418 Wheeler Ln	0.56mi	4/2.0 (+1)	1,728 (+8%)	3mo	$162,500	$94	49
454 Dean Ct	0.66mi	3/1.0	1,406 (-12%)	1mo	$35,000	$25	48
695 N 11th Ave	0.72mi	3/2.5	1,788 (+12%)	6mo	$145,000	$81	36

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: 87.2%
• Equity multiple: 5.03×
• Total profit: $39,365
• Equity at exit: $5,204

10-year hold

• IRR: 90.3%
• Equity multiple: 10.46×
• Total profit: $92,432
• Equity at exit: $3,018

Cash invested: $9,772 (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 61520

• Active inventory: 108
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,293 medium
• Mortgage (P&I): −$183
• Tax from tax record: −$118 /mo · $1,420/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $706

Break-even live

Break-even rent $400

Max offer price $34,900

Occupancy floor 40%

Sensitivity live

Price	-10% $726	-5% $716	+0% $706	+5% $696	+10% $686
Rent	-10% $604	-5% $655	+0% $706	+5% $757	+10% $808
Rate	-1.0pp $723	-0.5pp $715	base $706	+0.5pp $697	+1.0pp $688

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: $8,725
• Closing costs: $1,047
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-21
   days on market $34,900 Active 6 DOM
2. 2026-06-21
   days on market $34,900 Active 5 DOM
3. 2026-06-18
   days on market $34,900 Active 3 DOM
4. 2026-06-17
   days on market $34,900 Active 2 DOM
5. 2026-06-16
   remarks 225-char remark
6. 2026-06-16
   listed $34,900 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: $1,420 · $118/mo
• Projected year-2 tax: $1,420 · $118/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,520
• − Mortgage interest: −$1,955
• − Property taxes: −$1,420
• − Insurance: −$174
• − Repairs & maintenance: −$1,242
• − Management: −$1,242
• − Depreciation: −$1,015
• Taxable income: $8,472
• Est. tax owed @ 24.0%: −$2,033
• After-tax cash flow: $6,437/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: Canton Union SD 66
• NCES district ID: 1708280
• Math proficiency: 19% ▼ -10.00%
• Reading proficiency: 23% ▼ -12.00%
• Median HH income: $42,657
• Composite: 18.03/100
• National rank: #8980
• State rank: #417 of 620 in IL

Livability — Canton

• Score: 72/100
• State rank: #318
• US rank: #6313

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canton, IL
• Population (ZIP): 16,098

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 33,356 people
• By 2030: 32,144 · -3.6%
• By 2040: 29,518 · -11.5%
• By 2050: 26,775 · -19.7%
• By 2075: 19,972 · -40.1%
• By 2100: 13,580 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 5% Hispanic / Latino 4% Two or more races 4% Native American 1%
• Common ancestry: Slovak 3% Lithuanian 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Fulton

• 2024 margin: Strong R (+23.8) · D 37.1% · R 60.9% · Other 2.0%
• 2008→2024 swing: -45.2pp toward R · 2008: 21.3pp · 2024: -23.8pp
• All cycles: 2024: R+23.8 2020: R+20.1 2016: R+15.1 2012: D+11.1 2008: D+21.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.00%
• Current HPI: 123.8086
• 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

+48.5% since first listed

3 events — show timeline

• 2026-06-12 Listed $34,900 RMLSA as Distributed by MLS Grid
• 2003-11-25 Sold (MLS) $20,000 RMLSA as Distributed by MLS Grid
• 2003-05-30 Listed $23,500 RMLSA as Distributed by MLS Grid

Property tax history

+7.7%/yr

Latest (2024): $1,420 · +4.5% YoY. Source: county tax records.