1321 N Schneblin Ct · Bellevue, IL 61604

$118,000

3 bd · 1.0 ba · 1,076 sqft · SingleFamily public records · 46 Days on market

Built 1977 0.30 ac lot Est $131k · 10% under

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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).

• ARV discount +12.0/15.0
• Cash flow +10.9/30.0
• 1% rule +4.2/10.0
• DSCR +3.2/10.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

A wooded backdrop with mature trees creates a peaceful setting behind this 3-bedroom, 1-bath home located on a quiet cul-de-sac with a private backyard. The property includes a partially finished basement providing additional living or storage space and flexibility for future use. An above-ground pool adds seasonal enjoyment to the outdoor area. Conveniently located near an elementary school this home offers a desirable neighborhood setting with easy access to local amenities. The layout provides a functional foundation and solid potential for updates and personalization throughout. This home is being sold "as-is" making it a great opportunity for buyers looking to invest, renovat

Key facts

• Wooded backdrop
• Private backyard
• Above-ground pool

Tags

• WOODED BACKDROP
• MATURE TREES
• PRIVATE BACKYARD
• PARTIALLY FINISHED BASEMENT
• ABOVE-GROUND POOL
• DESIRABLE NEIGHBORHOOD

Property features AI

Exterior

• Parking: Attached parking garage (1-car)
• Utilities: Public water; Public sewer
• Home design: Single family residence; Built in 1977
• Construction: Shingle roof
• Exterior features: Fenced yard; Above-ground pool; Lot on a cul-de-sac with ravine and wooded areas; Paved road access

Interior

• Kitchen: Refrigerator included
• Bedrooms: 3 bedrooms (main level bedrooms present; at least one bedroom has egress window)
• Flooring: Laminate flooring in some rooms; Carpet in some bedrooms and basement rooms; Vinyl flooring in kitchen and dining areas; Other/utility flooring in laundry and storage areas
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Electric forced-air heating
• Interior features: Partially finished basement; No fireplaces reported
• Laundry & utility: Washer and dryer included; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $-51 ($-611/yr) — negative.
• To cash-flow at today's rent, offer at most $109k (7.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $108k (8.3% below list).
• Recommended offer: $108k (8.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#601 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Limestone Chsd 310 (rural): math 25% / reading 35% proficiency, ranked #486 of 919 in IL (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Limestone Community High School (math 17% / reading 22%, grade F, #397 of 693 statewide, top 61%, 924 students, 0% FRL).
• Market conditions: Rents rising (+2.3%/yr); 180 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 73 units permitted in Peoria County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $816 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Peoria County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Recommended offer $108,197 (8.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-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. 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?
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: 0.92% ✗
• Cap rate: 5.77%
• Cash-on-cash: -1.85%
• DSCR: 0.92
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $131,272
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1118 Schneblin Ln	0.20mi	3/1.0	1,116 (+4%)	10mo	$136,500	$122	76
1134 N Coronado Dr	0.23mi	3/1.0	1,008 (-6%)	11mo	$111,000	$110	70
4610 W Merol Ct	0.15mi	3/1.0	1,200 (+12%)	10mo	$115,000	$96	66
4714 W Merol Ct	0.17mi	3/1.0	1,008 (-6%)	21mo	$45,000	$45	64
822 N Fernwood Cir	0.46mi	3/1.0	1,053 (-2%)	14mo	$140,000	$133	64
4928 W Farmington Rd	0.49mi	3/1.0	1,124 (+4%)	11mo	$136,990	$122	61
1408 N Autumn Ln	0.05mi	2/1.0 (-1)	1,176 (+9%)	20mo	$157,900	$134	60

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 · 2.3% rent growth · sell at horizon

5-year hold

• IRR: -20.2%
• Equity multiple: 0.30×
• Total profit: $-23,051
• Equity at exit: $17,594

10-year hold

• IRR: -14.8%
• Equity multiple: 0.18×
• Total profit: $-27,021
• Equity at exit: $10,202

Cash invested: $33,040 (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 61604

• Home prices YoY: -24.6%
• Rents YoY: 2.3%
• Active inventory: 180
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,082 medium
• Mortgage (P&I): −$619
• Tax from tax record: −$238 /mo · $2,853/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $-51

Break-even live

Break-even rent $1,146

Max offer price $108,999

Occupancy floor 100%

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2109 N Abbey Cir Peoria, IL	3.0	2.0	1088	$1,009	$0.93	13d	1	1.23mi
2600 N Lavalle Ct Peoria, IL	1.0–3.0	1.0–2.0	803	$1,150	$1.43	13d	26	1.44mi
5917 W Plank Rd Apt 3 Bellevue, IL	2.0	1.0	700	$775	$1.11	13d	1	1.49mi

Listing history 17 events

1. 2026-06-19
   days on market $118,000 Under Contract 46 DOM
2. 2026-06-18
   days on market $118,000 Under Contract 45 DOM
3. 2026-06-17
   days on market $118,000 Under Contract 44 DOM
4. 2026-06-16
   days on market $118,000 Under Contract 43 DOM
5. 2026-06-15
   days on market $118,000 Under Contract 42 DOM
6. 2026-06-14
   days on market $118,000 Under Contract 40 DOM
7. 2026-06-13
   days on market $118,000 Under Contract 39 DOM
8. 2026-06-10
   days on market $118,000 Under Contract 37 DOM
9. 2026-06-09
   days on market $118,000 Under Contract 36 DOM
10. 2026-06-08
    days on market $118,000 Under Contract 35 DOM
11. 2026-06-07
    days on market $118,000 Under Contract 34 DOM
12. 2026-06-03
    days on market $118,000 Under Contract 30 DOM
13. 2026-06-02
    days on market $118,000 Under Contract 29 DOM
14. 2026-06-01
    days on market $118,000 Under Contract 28 DOM
15. 2026-05-31
    statusdays on market $118,000 Under Contract 27 DOM
16. 2026-05-30
    days on market $118,000 Active 26 DOM
17. 2026-05-04
    listed $126,000 Active

ⓘ 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: $2,853 · $238/mo
• Projected year-2 tax: $2,853 · $238/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 3/10 Moderate 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,984
• − Mortgage interest: −$6,610
• − Property taxes: −$2,853
• − Insurance: −$590
• − Repairs & maintenance: −$1,039
• − Management: −$1,039
• − Depreciation: −$3,433
• Taxable loss: −$2,579
• Est. tax savings @ 24.0%: +$619
• After-tax cash flow: $8/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: Limestone Chsd 310
• NCES district ID: 1722950
• Math proficiency: 25% ▲ 5.00%
• Reading proficiency: 35% ▲ 4.00%
• Median HH income: $49,759
• Composite: 28.99/100
• National rank: #11932
• State rank: #486 of 919 in IL

Livability — Bellevue

• Score: 65/100
• State rank: #601
• US rank: #12423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Peoria County · 120,495 people
• Metro: Peoria, IL
• Population (ZIP): 28,313
• Household income: $52,414
• Rent vs Own: 32.0% rent · 68.0% own
• Severe rent burden: 815.0

Population outlook (Peoria County) Hauer SSP2

• Today (2025): 183,007 people
• By 2030: 179,643 · -1.8%
• By 2040: 171,782 · -6.1%
• By 2050: 163,508 · -10.7%
• By 2075: 140,178 · -23.4%
• By 2100: 114,493 · -37.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 55% Black 29% Two or more races 10% Hispanic / Latino 7% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 2% Slovak 1% Iranian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 92% English-only · Spanish 4% Chinese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Peoria

• 2024 margin: Toss-up / Even · D 51.5% · R 46.9% · Other 1.6%
• 2008→2024 swing: -9.2pp toward R · 2008: 13.9pp · 2024: 4.7pp
• All cycles: 2024: D+4.7 2020: D+6.3 2016: D+2.8 2012: D+4.4 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.15%
• Current HPI: 165.8838
• Rent YoY: ▲ 2.30%
• Metro: Peoria, 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

1 event — show timeline

• 2026-05-04 Listed $126,000 RMLSA as Distributed by MLS Grid

Property tax history

+1.3%/yr

Latest (2024): $2,853 · +8.8% YoY. Source: county tax records.