744 E Brooks St · Galesburg, IL 61401

$65,000

3 bd · 1.0 ba · 1,208 sqft · SingleFamily public records · 136 Days on market

Built 1938 9,801 sqft lot $54/sqft · 19% above area Est $82k · 21% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Solid brick Cape Cod offering exceptional value and opportunity! This 3-bedroom, 1.5-story home features hardwood floors, a heated enclosed front porch, a full basement with an egress window, and a detached garage. Major mechanical updates include a newer roof, high-efficiency furnace, and central air (approx. 2020), providing a strong foundation for future improvements. The home is currently occupied, and personal belongings are present; buyers are encouraged to focus on the home's layout, structure, and long-term potential rather than contents. Prior photos reflect the home's condition before occupancy and highlight its true possibilities. With over 1,800 sq ft above grade, generous room sizes, and a level lot, this property offers excellent upside for investors or buyers looking to add sweat equity. Located in Galesburg, a historic and affordable community with strong rental demand, Knox College, a regional hospital, Amtrak service, and easy access to major roadways. Priced to sell and ideal for renovation, rental, or owner-occupied improvement. **Property is being sold AS-IS by A.I.F. **

Key facts

• Newer roof
• Level lot
• Brick cape cod

Tags

• BRICK CAPE COD
• HEATED ENCLOSED FRONT PORCH
• NEWER ROOF
• HIGH-EFFICIENCY FURNACE
• CENTRAL AIR
• LEVEL LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $325 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 6.4% in Galesburg — 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 70/100 on livability (#367 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, commute F.
• Galesburg CUSD 205 (town): math 13% / reading 22% proficiency, ranked #488 of 620 in IL (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 191 active listings in the ZIP; 1 comparable units currently listed for rent nearby.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Knox County population projected at -19% 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 $18k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago; this cycle's ask has dropped $15k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.54% ✓
• Cap rate: 12.29%
• Cash-on-cash: 21.41%
• DSCR: 1.95
• GRM: 5.4

CMA / ARV

• ARV (median comp): $82,268
• List price: $65,000
• Delta: -20.99%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
471 E 1st St	0.26mi	3/1.0	1,200 (-1%)	5mo	$7,500	$6	83
859 Mulberry St	0.35mi	3/1.0	1,188 (-2%)	7mo	$35,000	$29	76
376 Pine St	0.25mi	3/2.0	1,162 (-4%)	4mo	$64,900	$56	75
584 E South St	0.20mi	4/1.0 (+1)	1,158 (-4%)	6mo	$40,000	$35	74
857 E Knox St	0.11mi	2/1.0 (-1)	1,140 (-6%)	8mo	$24,000	$21	74
941 E Knox St	0.18mi	3/1.0	1,276 (+6%)	10mo	$90,000	$71	74
872 E 4th St	0.45mi	3/1.0	1,170 (-3%)	8mo	$14,900	$13	67
751 Mulberry St	0.33mi	3/1.0	1,032 (-15%)	2mo	$45,000	$44	59
681 S Farnham St	0.75mi	2/1.0 (-1)	1,167 (-3%)	8mo	$24,000	$21	48
790 Oak St	0.57mi	2/2.0 (-1)	1,052 (-13%)	0mo	$94,000	$89	42
60 W 2nd St	0.72mi	3/1.0	1,044 (-14%)	3mo	$37,900	$36	42
569 E 5th St	0.56mi	2/2.0 (-1)	1,040 (-14%)	2mo	$108,000	$104	40

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: 14.0%
• Equity multiple: 1.56×
• Total profit: $10,173
• Equity at exit: $9,692

10-year hold

• IRR: 22.8%
• Equity multiple: 2.96×
• Total profit: $35,589
• Equity at exit: $5,620

Cash invested: $18,200 (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 61401

• Active inventory: 191
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,000 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$97 /mo · $1,168/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $325

Break-even live

Break-even rent $589

Max offer price $65,000

Occupancy floor 63%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1156 E Losey St Galesburg, IL	3.0	1.0	1500	$1,000	$0.67	43d	1	1.00mi

Listing history 23 events

1. 2026-06-18
   days on market $65,000 Active 136 DOM
2. 2026-06-17
   days on market $65,000 Active 135 DOM
3. 2026-06-16
   days on market $65,000 Active 134 DOM
4. 2026-06-15
   days on market $65,000 Active 133 DOM
5. 2026-06-13
   days on market $65,000 Active 131 DOM
6. 2026-06-12
   days on market $65,000 Active 130 DOM
7. 2026-06-09
   days on market $65,000 Active 127 DOM
8. 2026-06-08
   days on market $65,000 Active 126 DOM
9. 2026-06-07
   days on market $65,000 Active 125 DOM
10. 2026-06-07
    days on market $65,000 Active 124 DOM
11. 2026-06-04
    days on market $65,000 Active 121 DOM
12. 2026-06-02
    days on market $65,000 Active 120 DOM
13. 2026-06-01
    days on market $65,000 Active 119 DOM
14. 2026-05-31
    days on market $65,000 Active 118 DOM
15. 2026-05-31
    days on market $65,000 Active 117 DOM
16. 2026-03-31
    price $65,000 1114-char remark

    Show marketing remark (1114 chars)

    Solid brick Cape Cod offering exceptional value and opportunity! This 3-bedroom, 1.5-story home features hardwood floors, a heated enclosed front porch, a full basement with an egress window, and a detached garage. Major mechanical updates include a newer roof, high-efficiency furnace, and central air (approx. 2020), providing a strong foundation for future improvements. The home is currently occupied, and personal belongings are present; buyers are encouraged to focus on the home's layout, structure, and long-term potential rather than contents. Prior photos reflect the home's condition before occupancy and highlight its true possibilities. With over 1,800 sq ft above grade, generous room sizes, and a level lot, this property offers excellent upside for investors or buyers looking to add sweat equity. Located in Galesburg, a historic and affordable community with strong rental demand, Knox College, a regional hospital, Amtrak service, and easy access to major roadways. Priced to sell and ideal for renovation, rental, or owner-occupied improvement. **Property is being sold AS-IS by A.I.F. **

17. 2026-03-13
    price $67,400 1114-char remark

    Show marketing remark (1114 chars)

    Solid brick Cape Cod offering exceptional value and opportunity! This 3-bedroom, 1.5-story home features hardwood floors, a heated enclosed front porch, a full basement with an egress window, and a detached garage. Major mechanical updates include a newer roof, high-efficiency furnace, and central air (approx. 2020), providing a strong foundation for future improvements. The home is currently occupied, and personal belongings are present; buyers are encouraged to focus on the home's layout, structure, and long-term potential rather than contents. Prior photos reflect the home's condition before occupancy and highlight its true possibilities. With over 1,800 sq ft above grade, generous room sizes, and a level lot, this property offers excellent upside for investors or buyers looking to add sweat equity. Located in Galesburg, a historic and affordable community with strong rental demand, Knox College, a regional hospital, Amtrak service, and easy access to major roadways. Priced to sell and ideal for renovation, rental, or owner-occupied improvement. **Property is being sold AS-IS by A.I.F. **

18. 2026-03-04
    price $69,900 1114-char remark

    Show marketing remark (1114 chars)

    Solid brick Cape Cod offering exceptional value and opportunity! This 3-bedroom, 1.5-story home features hardwood floors, a heated enclosed front porch, a full basement with an egress window, and a detached garage. Major mechanical updates include a newer roof, high-efficiency furnace, and central air (approx. 2020), providing a strong foundation for future improvements. The home is currently occupied, and personal belongings are present; buyers are encouraged to focus on the home's layout, structure, and long-term potential rather than contents. Prior photos reflect the home's condition before occupancy and highlight its true possibilities. With over 1,800 sq ft above grade, generous room sizes, and a level lot, this property offers excellent upside for investors or buyers looking to add sweat equity. Located in Galesburg, a historic and affordable community with strong rental demand, Knox College, a regional hospital, Amtrak service, and easy access to major roadways. Priced to sell and ideal for renovation, rental, or owner-occupied improvement. **Property is being sold AS-IS by A.I.F. **

19. 2026-02-25
    price $74,900 1114-char remark

    Show marketing remark (1114 chars)

    Solid brick Cape Cod offering exceptional value and opportunity! This 3-bedroom, 1.5-story home features hardwood floors, a heated enclosed front porch, a full basement with an egress window, and a detached garage. Major mechanical updates include a newer roof, high-efficiency furnace, and central air (approx. 2020), providing a strong foundation for future improvements. The home is currently occupied, and personal belongings are present; buyers are encouraged to focus on the home's layout, structure, and long-term potential rather than contents. Prior photos reflect the home's condition before occupancy and highlight its true possibilities. With over 1,800 sq ft above grade, generous room sizes, and a level lot, this property offers excellent upside for investors or buyers looking to add sweat equity. Located in Galesburg, a historic and affordable community with strong rental demand, Knox College, a regional hospital, Amtrak service, and easy access to major roadways. Priced to sell and ideal for renovation, rental, or owner-occupied improvement. **Property is being sold AS-IS by A.I.F. **

20. 2026-02-02
    listed $79,900 Active 1114-char remark

    Show marketing remark (1114 chars)

    Solid brick Cape Cod offering exceptional value and opportunity! This 3-bedroom, 1.5-story home features hardwood floors, a heated enclosed front porch, a full basement with an egress window, and a detached garage. Major mechanical updates include a newer roof, high-efficiency furnace, and central air (approx. 2020), providing a strong foundation for future improvements. The home is currently occupied, and personal belongings are present; buyers are encouraged to focus on the home's layout, structure, and long-term potential rather than contents. Prior photos reflect the home's condition before occupancy and highlight its true possibilities. With over 1,800 sq ft above grade, generous room sizes, and a level lot, this property offers excellent upside for investors or buyers looking to add sweat equity. Located in Galesburg, a historic and affordable community with strong rental demand, Knox College, a regional hospital, Amtrak service, and easy access to major roadways. Priced to sell and ideal for renovation, rental, or owner-occupied improvement. **Property is being sold AS-IS by A.I.F. **

21. 2021-06-18
    soldstatus $52,000 392-char remark

    Show marketing remark (392 chars)

    If solid brick is what you're looking for at an affordable price, you've hit the right place! Move right into this clean 3 bedroom home with hardwood floors, cozy enclosed front porch, abundant storage which includes a spacious full basement (with workshop area). New (2020) hi-efficiency furnace and central air, newer roof, garage and low maintenance exterior make this a truly great buy!

22. 2021-06-18
    soldstatus $52,000

    Show marketing remark (392 chars)

    If solid brick is what you're looking for at an affordable price, you've hit the right place! Move right into this clean 3 bedroom home with hardwood floors, cozy enclosed front porch, abundant storage which includes a spacious full basement (with workshop area). New (2020) hi-efficiency furnace and central air, newer roof, garage and low maintenance exterior make this a truly great buy!

23. 2020-11-06
    listed $52,000 392-char remark

    Show marketing remark (392 chars)

    If solid brick is what you're looking for at an affordable price, you've hit the right place! Move right into this clean 3 bedroom home with hardwood floors, cozy enclosed front porch, abundant storage which includes a spacious full basement (with workshop area). New (2020) hi-efficiency furnace and central air, newer roof, garage and low maintenance exterior make this a truly great buy!

ⓘ 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: $1,168 · $97/mo
• Projected year-2 tax: $1,322 · $110/mo
• Expected delta: +$154/yr (+$13/mo · 13.2%)

ⓘ 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 ≥104°F today · 17 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,000
• − Mortgage interest: −$3,641
• − Property taxes: −$1,168
• − Insurance: −$325
• − Repairs & maintenance: −$960
• − Management: −$960
• − Depreciation: −$1,891
• Taxable income: $3,055
• Est. tax owed @ 24.0%: −$733
• After-tax cash flow: $3,163/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: Galesburg CUSD 205
• NCES district ID: 1716080
• Math proficiency: 13% ▼ -8.00%
• Reading proficiency: 22% ▼ -11.00%
• Median HH income: $35,901
• Composite: 14.46/100
• National rank: #9427
• State rank: #488 of 620 in IL

Livability — Galesburg

• Score: 70/100
• State rank: #367
• US rank: #7601

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galesburg, IL
• City population: 32,318
• Population (ZIP): 30,684

Population outlook (Knox County) Hauer SSP2

• Today (2025): 48,224 people
• By 2030: 46,333 · -3.9%
• By 2040: 42,424 · -12.0%
• By 2050: 38,929 · -19.3%
• By 2075: 31,523 · -34.6%
• By 2100: 24,092 · -50.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 8% Hispanic / Latino 8% Two or more races 8% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 2% Serbian 1% Slovak 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 5% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Knox

• 2024 margin: Lean R (+9.4) · D 44.4% · R 53.7% · Other 1.9%
• 2008→2024 swing: -29.3pp toward R · 2008: 19.9pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+5.6 2016: R+3.3 2012: D+17.1 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.48%
• Current HPI: 157.276
• 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

+25.0% since first listed

8 events — show timeline

• 2026-03-31 Price Changed $65,000 MRED as Distributed by MLS Grid
• 2026-03-13 Price Changed $67,400 MRED as Distributed by MLS Grid
• 2026-03-04 Price Changed $69,900 MRED as Distributed by MLS Grid
• 2026-02-25 Price Changed $74,900 MRED as Distributed by MLS Grid
• 2026-02-02 Listed $79,900 MRED as Distributed by MLS Grid
• 2021-06-18 Sold (Public Records) $52,000 Public Records
• 2021-06-18 Sold (MLS) $52,000 RMLSA as Distributed by MLS Grid
• 2020-11-06 Listed $52,000 RMLSA as Distributed by MLS Grid

Property tax history

+3.6%/yr

Latest (2024): $1,168 · +3.7% YoY. Source: county tax records.