113 Mccann St · Benton, IL 62812

$99,000

5 bd · 4.0 ba · 3,140 sqft · SingleFamily · 9 Days on market

Built 1935 Fair condition 6,000 sqft lot ↓ 10% since listing

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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 +29.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a spacious home with character, history, and opportunity? This remarkable 5-bedroom, 4-bath historic property offers a rare chance to own a home with both investment potential and lasting appeal for family living. Formerly known as The Hard Day’s Night – A Beatles Legacy, this unique residence was once owned by Louise Harrison, sister of Beatles legend George Harrison. George himself stayed in the home during the summer of 1963, just months before The Beatles’ unforgettable debut on The Ed Sullivan Show changed music history forever. The layout currently includes four one-bedroom, one-bath living areas, along with a fifth bedroom on the main floor, offering flexibility for a variety of uses. Shared common spaces create a welcoming atmosphere that could continue to serve as an income-producing setup, a multigenerational home, or a spacious single-family residence. Previously, the property generated rental income of $600 per month for single occupancy and $675 per month for double occupancy, with total monthly income potential of approximately $2,400 to $2,700. At the same time, the home’s size, story, and adaptable layout make it an exciting option for a family ready to claim a one-of-a-kind property and make it their own. The home has been vacated to provide a better showing experience and to give the next owner maximum flexibility in deciding how to use the property. Schedule your tour today.

Key facts

• Unique residence
• Historic property
• Investment potential

Tags

• HISTORIC PROPERTY
• INVESTMENT POTENTIAL
• UNIQUE RESIDENCE
• INCOME-PRODUCING SETUP
• MULTIGENERATIONAL HOME

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2-story
• Construction: Wood siding construction; Built approximately 81–90 years ago; Property built before 1978
• Exterior features: Corner lot; Lot dimensions approximately 50 x 120 and 50 x 150

Interior

• Kitchen: Kitchen on the main level (9 x 13) with vinyl flooring
• Bedrooms: 8 bedrooms total; Master bedroom on the main level (8 x 14); Bedroom 2 on the main level (11 x 11) with hardwood floors; Bedroom 3 on the main level (9 x 16) with hardwood floors; Bedroom 4 on the main level; Bedroom 5 on the second level
• Flooring: Hardwood flooring in several bedrooms; Vinyl flooring in kitchen; Other flooring in some bedrooms
• Bathrooms: 5 full bathrooms
• Heating & cooling: Central air
• Interior features: Unfinished basement with egress window

What this means for you Summary

Snapshot

• This is a 5-bed/4.0-bath single-family listed at $99k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Cap rate 10.7% vs local median 5.3% in Benton — 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 63/100 on livability (#785 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• BentonConsolidatedHsd 103 (town): math 20% / reading 20% proficiency, ranked #727 of 919 in IL (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Benton Cons High School (math 17% / reading 27%, grade F, #319 of 693 statewide, top 50%, 577 students, 0% FRL).
• Market conditions: 73 active listings in the ZIP; 17 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Franklin County population projected at -16% 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 $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 12 sale attempts since 20y ago; this cycle's ask has dropped $6k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,000

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 1935 — 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. 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: 1.34% ✓
• Cap rate: 10.72%
• Cash-on-cash: 15.81%
• DSCR: 1.70
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.7%
• Equity multiple: 1.26×
• Total profit: $7,239
• Equity at exit: $14,761

10-year hold

• IRR: 16.1%
• Equity multiple: 2.31×
• Total profit: $36,337
• Equity at exit: $8,560

Cash invested: $27,720 (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 62812

• Active inventory: 73
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,328 medium
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $365

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 68%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Listing history 48 events

1. 2026-06-18
   days on market $99,000 Active 9 DOM
2. 2026-06-17
   days on market $99,000 Active 8 DOM
3. 2026-06-16
   days on market $99,000 Active 7 DOM
4. 2026-06-15
   days on market $99,000 Active 6 DOM
5. 2026-06-13
   days on market $99,000 Active 4 DOM
6. 2026-06-12
   days on marketlisting id $99,000 Active 3 DOM
7. 2026-06-02
   days on market $99,000 Active 78 DOM
8. 2026-06-01
   days on market $99,000 Active 77 DOM
9. 2026-05-31
   days on market $99,000 Active 76 DOM
10. 2026-05-31
    days on market $99,000 Active 75 DOM
11. 2026-05-24
    status Active
12. 2026-05-24
    status Active
13. 2026-05-23
    historical
14. 2026-05-22
    status Active
15. 2026-05-22
    status Active
16. 2026-05-11
    price $99,000 1456-char remark

    Show marketing remark (1456 chars)

    Looking for a spacious home with character, history, and opportunity? This remarkable 5-bedroom, 4-bath historic property offers a rare chance to own a home with both investment potential and lasting appeal for family living. Formerly known as The Hard Day’s Night – A Beatles Legacy, this unique residence was once owned by Louise Harrison, sister of Beatles legend George Harrison. George himself stayed in the home during the summer of 1963, just months before The Beatles’ unforgettable debut on The Ed Sullivan Show changed music history forever. The layout currently includes four one-bedroom, one-bath living areas, along with a fifth bedroom on the main floor, offering flexibility for a variety of uses. Shared common spaces create a welcoming atmosphere that could continue to serve as an income-producing setup, a multigenerational home, or a spacious single-family residence. Previously, the property generated rental income of $600 per month for single occupancy and $675 per month for double occupancy, with total monthly income potential of approximately $2,400 to $2,700. At the same time, the home’s size, story, and adaptable layout make it an exciting option for a family ready to claim a one-of-a-kind property and make it their own. The home has been vacated to provide a better showing experience and to give the next owner maximum flexibility in deciding how to use the property. Schedule your tour today.

17. 2026-03-16
    historical
18. 2026-02-26
    price
19. 2026-02-01
    historical
20. 2026-02-01
    historical
21. 2026-02-01
    historical
22. 2026-02-01
    historical
23. 2026-01-16
    status Active
24. 2026-01-14
    status Active
25. 2026-01-14
    historical
26. 2026-01-14
    historical
27. 2026-01-08
    status Active
28. 2026-01-06
    historical
29. 2026-01-06
    historical
30. 2026-01-05
    historical
31. 2025-12-02
    listed $105,000 Active 1456-char remark

    Show marketing remark (1456 chars)

    Looking for a spacious home with character, history, and opportunity? This remarkable 5-bedroom, 4-bath historic property offers a rare chance to own a home with both investment potential and lasting appeal for family living. Formerly known as The Hard Day’s Night – A Beatles Legacy, this unique residence was once owned by Louise Harrison, sister of Beatles legend George Harrison. George himself stayed in the home during the summer of 1963, just months before The Beatles’ unforgettable debut on The Ed Sullivan Show changed music history forever. The layout currently includes four one-bedroom, one-bath living areas, along with a fifth bedroom on the main floor, offering flexibility for a variety of uses. Shared common spaces create a welcoming atmosphere that could continue to serve as an income-producing setup, a multigenerational home, or a spacious single-family residence. Previously, the property generated rental income of $600 per month for single occupancy and $675 per month for double occupancy, with total monthly income potential of approximately $2,400 to $2,700. At the same time, the home’s size, story, and adaptable layout make it an exciting option for a family ready to claim a one-of-a-kind property and make it their own. The home has been vacated to provide a better showing experience and to give the next owner maximum flexibility in deciding how to use the property. Schedule your tour today.

32. 2025-11-18
    price
33. 2025-11-18
    price
34. 2025-10-09
    listed Active
35. 2025-10-09
    listed Active
36. 2025-10-07
    listed Active
37. 2021-08-06
    historical
38. 2021-08-06
    historical
39. 2021-08-06
    historical
40. 2021-08-06
    historical
41. 2021-08-06
    historical
42. 2014-01-27
    historical
43. 2014-01-23
    historical
44. 2011-09-01
    historical
45. 2009-12-15
    historical
46. 2006-11-15
    soldstatus $75,000
47. 2006-06-09
    listed $110,000
48. 2006-05-31
    historical

ⓘ 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: $15,940
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$1,275
• − Management: −$1,275
• − Depreciation: −$2,880
• Taxable income: $2,984
• Est. tax owed @ 24.0%: −$716
• After-tax cash flow: $3,666/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 · 12 photos

Fair 45/100 Moderate rehab

This historic home requires moderate renovations to improve its condition and increase its value. Key areas for improvement include the kitchen, bathrooms, and exterior. Upgrades to these areas will significantly enhance its resale and rental potential.

Repairs flagged

• Major Exposed plumbing — Needs replacement for safety and functionality
• Major Exposed electrical — Needs upgrade for safety and functionality
• Major Exposed cabinets — Needs replacement for aesthetics and functionality

Value-add opportunities

• Resale Paint exterior — Enhances curb appeal
• Both Replace carpet — Improves comfort and aesthetics
• Both Upgrade fixtures — Enhances functionality and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed plumbing · Needs replacement for safety and functionality	Major	$15,000–50,000
Exposed electrical · Needs upgrade for safety and functionality	Major	$15,000–50,000
Exposed cabinets · Needs replacement for aesthetics and functionality	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale Paint exterior — Enhances curb appeal ↑
• Both Replace carpet — Improves comfort and aesthetics ↑
• Both Upgrade fixtures — Enhances functionality and aesthetics ↑

ⓘ 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: BentonConsolidatedHsd 103
• NCES district ID: 1705970
• Math proficiency: 20% ▬ 0.00%
• Reading proficiency: 20% ▬ 0.00%
• Median HH income: $35,473
• Composite: 19.77/100
• National rank: #13902
• State rank: #727 of 919 in IL

Livability — Benton

• Score: 63/100
• State rank: #785
• US rank: #15667

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Benton, IL
• City population: 11,441
• Population (ZIP): 11,441

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 37,954 people
• By 2030: 36,828 · -3.0%
• By 2040: 34,452 · -9.2%
• By 2050: 31,855 · -16.1%
• By 2075: 25,171 · -33.7%
• By 2100: 18,462 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 1% · Vietnam, Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1% Vietnamese 1%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+50.6) · D 24.1% · R 74.6% · Other 1.3%
• 2008→2024 swing: -47.8pp toward R · 2008: -2.8pp · 2024: -50.6pp
• All cycles: 2024: R+50.6 2020: R+47.5 2016: R+45.3 2012: R+16.8 2008: R+2.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.17%
• Current HPI: 109.0501
• 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

-10.0% since first listed

38 events — show timeline

• 2026-05-24 Relisted — MRED as Distributed by MLS Grid
• 2026-05-24 Relisted — MRED as Distributed by MLS Grid
• 2026-05-23 Listing Removed — MRED as Distributed by MLS Grid
• 2026-05-22 Relisted — MRED as Distributed by MLS Grid
• 2026-05-22 Relisted — MRED as Distributed by MLS Grid
• 2026-05-11 Price Changed $99,000 RMLSA as Distributed by MLS Grid
• 2026-03-16 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-02-26 Price Changed — RMLSA as Distributed by MLS Grid
• 2026-02-01 Listing Removed — MRED as Distributed by MLS Grid
• 2026-02-01 Listing Removed — MRED as Distributed by MLS Grid
• 2026-02-01 Listing Removed — MRED as Distributed by MLS Grid
• 2026-02-01 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-16 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Relisted — MRED as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-02 Listed $105,000 RMLSA as Distributed by MLS Grid
• 2025-11-18 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-11-18 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-10-09 Listed — RMLSA as Distributed by MLS Grid
• 2025-10-09 Listed — RMLSA as Distributed by MLS Grid
• 2025-10-07 Listed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2014-01-27 Listing Removed — MRED as Distributed by MLS Grid
• 2014-01-23 Listing Removed — MRED as Distributed by MLS Grid
• 2011-09-01 Listing Removed — MRED as Distributed by MLS Grid
• 2009-12-15 Listing Removed — MRED as Distributed by MLS Grid
• 2006-11-15 Sold (MLS) $75,000 RMLSA as Distributed by MLS Grid
• 2006-06-09 Listed $110,000 RMLSA as Distributed by MLS Grid
• 2006-05-31 Listing Removed — MRED as Distributed by MLS Grid