2929 Sewell St · Rockford, IL 61109

$92,500

2 bd · 1.0 ba · 1,282 sqft · SingleFamily · 14 Days on market

Built 1946 6,098 sqft lot Est $145k · 36% 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
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

1.5-story home with 2 bedrooms (space for a 3rd bedroom) is packed with potential! Offering generous living spaces and a large kitchen. While this home needs some TLC it is ready for your personal touch. Enjoy the convenience of main-floor laundry and the value of somewhat newer windows already in place. Outside, you’ll find a fully fenced yard with a good-sized patio—perfect for relaxing or entertaining. Ideally located close to the highway, shopping & amenities. This home is a great opportunity for buyers looking to build equity and make it their own. Schedule your showing today! Some photos are virtually staged but there are no changes or any alterations to the home.

Key facts

• Good-sized patio
• Large kitchen
• Newer windows

Tags

• GENEROUS LIVING SPACES
• LARGE KITCHEN
• MAIN-FLOOR LAUNDRY
• NEWER WINDOWS
• FULLY FENCED YARD
• GOOD-SIZED PATIO

Property features AI

Finance

• Other: Property not currently leased; Possession at closing; Some photos are virtually staged
• HOA & community: No master association fee required

Exterior

• Parking: 2 owned parking spaces
• Utilities: Public water; Public sewer; Electric with circuit breakers
• Home design: Detached single-family home; 1.5-story design; Built approximately 71–80 years ago; Fee simple ownership; Living area recorded from assessor
• Construction: Wood siding construction; Asphalt roof; Built before 1978
• Exterior features: Patio; Fenced yard; Lot dimensions approx. 50 x 50 x 109.25 x 109.25

Interior

• Kitchen: Kitchen on main level (approx. 12 x 13)
• Bedrooms: 2 bedrooms (master bedroom on second level, other bedrooms on main level)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 5 total rooms; Unfinished attic; Unfinished/partial basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $357 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Cap rate 10.9% vs local median 6.1% in Rockford — 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 62/100 on livability (#876 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Rockford SD 205 (urban): math 12% / reading 16% proficiency, ranked #533 of 620 in IL (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 84 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 88% of comp listings sitting > 30 days — soft ceiling on asking rent; 285 units permitted in Winnebago County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $640 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Winnebago 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 $26k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $8k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $77k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,500

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.34% ✓
• Cap rate: 10.92%
• Cash-on-cash: 16.54%
• DSCR: 1.74
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $144,866
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2820 Hanson St	0.20mi	2/2.0	1,290 (+1%)	3mo	$120,000	$93	83
3009 Cannon St	0.11mi	2/1.5	1,192 (-7%)	2mo	$135,000	$113	80
2946 Cannon St	0.07mi	3/1.5 (+1)	1,440 (+12%)	1mo	$115,000	$80	69
2832 19th St	0.46mi	3/1.5 (+1)	1,264 (-1%)	1mo	$185,000	$146	69
3220 18th St	0.52mi	3/1.0 (+1)	1,250 (-2%)	1mo	$155,000	$124	65
2706 Marshall St	0.32mi	3/2.0 (+1)	1,185 (-8%)	1mo	$165,000	$139	63
3245 9th St	0.67mi	3/1.0 (+1)	1,250 (-2%)	1mo	$105,000	$84	58
3437 Southworth Ct Ct	0.67mi	2/1.5	1,320 (+3%)	4mo	$157,500	$119	58
2710 Kinsey St	0.35mi	2/1.5	1,458 (+14%)	2mo	$115,500	$79	57
2717 20th St	0.52mi	3/1.0 (+1)	1,407 (+10%)	3mo	$149,000	$106	52
2918 22nd St	0.62mi	3/1.0 (+1)	1,118 (-13%)	4mo	$126,000	$113	42
3429 Ed Vera Dr. Dr	0.67mi	3/2.0 (+1)	1,467 (+14%)	5mo	$200,000	$136	32

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: 7.6%
• Equity multiple: 1.30×
• Total profit: $7,750
• Equity at exit: $13,792

10-year hold

• IRR: 16.9%
• Equity multiple: 2.39×
• Total profit: $36,053
• Equity at exit: $7,998

Cash invested: $25,900 (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 61109

• Home prices YoY: -19.7%
• Active inventory: 84
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,241 high
• Mortgage (P&I): −$485
• Tax from tax record: −$100 /mo · $1,194/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $357

Break-even live

Break-even rent $789

Max offer price $92,500

Occupancy floor 66%

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: $23,125
• Closing costs: $2,775
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1418 22nd Ave Rockford, IL	2.0	1.0	950	$1,200	$1.26	43d	1	0.90mi
1420 22nd Ave Rockford, IL	2.0	1.0	950	$1,200	$1.26	43d	1	0.90mi
1211 21st Pl Rockford, IL	2.0	1.0	1040	$1,350	$1.30	43d	1	1.03mi
1209 21st Pl Rockford, IL	2.0	1.0	1040	$1,350	$1.30	43d	1	1.03mi
2217 8th St Rockford, IL	3.0	1.0	1260	$1,500	$1.19	43d	1	1.07mi
1519 17th Ave Rockford, IL	3.0	2.0	1500	$1,600	$1.07	13d	1	1.26mi
914 18th Ave Rockford, IL	2.0	1.0	1123	$900	$0.80	43d	1	1.43mi
2010 Kishwaukee St Unit 20102-N Rockford, IL	1.0	1.0	1000	$875	$0.88	43d	1	1.46mi

Listing history 27 events

1. 2026-06-19
   days on market $92,500 Active 14 DOM
2. 2026-06-18
   days on market $92,500 Active 13 DOM
3. 2026-06-17
   days on market $92,500 Active 12 DOM
4. 2026-06-16
   days on market $92,500 Active 11 DOM
5. 2026-06-15
   days on market $92,500 Active 10 DOM
6. 2026-06-14
   days on market $92,500 Active 8 DOM
7. 2026-06-13
   days on marketlisting id $92,500 Active 7 DOM
8. 2026-06-10
   days on market $92,500 Active 5 DOM
9. 2026-06-09
   days on market $92,500 Active 4 DOM
10. 2026-06-08
    days on market $92,500 Active 3 DOM
11. 2026-06-07
    remarks 695-char remark
12. 2026-06-07
    pricestatusdays on marketlisting id $92,500 Active 2 DOM
13. 2026-06-03
    days on market $88,000 Contingent - Continue to Show 138 DOM
14. 2026-06-02
    days on market $88,000 Contingent - Continue to Show 137 DOM
15. 2026-06-01
    days on market $88,000 Contingent - Continue to Show 136 DOM
16. 2026-05-31
    days on market $88,000 Contingent - Continue to Show 135 DOM
17. 2026-05-30
    days on market $88,000 Contingent - Continue to Show 134 DOM
18. 2026-01-30
    status Pending 696-char remark

    Show marketing remark (696 chars)

    1.5-story home with 2 bedrooms (space for a 3rd bedroom) is packed with potential! Offering generous living spaces and a large kitchen. While this home needs some TLC it is ready for your personal touch. Enjoy the convenience of main-floor laundry and the value of somewhat newer windows already in place. Outside, you’ll find a fully fenced yard with a good-sized patio—perfect for relaxing or entertaining. Ideally located close to the highway, shopping & amenities. This home is a great opportunity for buyers looking to build equity and make it their own. Schedule your showing today! Some photos are virtually staged but there are no changes or any alterations to the home.

19. 2026-01-30
    historical Contingent - Continue to Show

    Show marketing remark (696 chars)

    1.5-story home with 2 bedrooms (space for a 3rd bedroom) is packed with potential! Offering generous living spaces and a large kitchen. While this home needs some TLC it is ready for your personal touch. Enjoy the convenience of main-floor laundry and the value of somewhat newer windows already in place. Outside, you’ll find a fully fenced yard with a good-sized patio—perfect for relaxing or entertaining. Ideally located close to the highway, shopping & amenities. This home is a great opportunity for buyers looking to build equity and make it their own. Schedule your showing today! Some photos are virtually staged but there are no changes or any alterations to the home.

20. 2026-01-22
    price $88,000 696-char remark

    Show marketing remark (696 chars)

    1.5-story home with 2 bedrooms (space for a 3rd bedroom) is packed with potential! Offering generous living spaces and a large kitchen. While this home needs some TLC it is ready for your personal touch. Enjoy the convenience of main-floor laundry and the value of somewhat newer windows already in place. Outside, you’ll find a fully fenced yard with a good-sized patio—perfect for relaxing or entertaining. Ideally located close to the highway, shopping & amenities. This home is a great opportunity for buyers looking to build equity and make it their own. Schedule your showing today! Some photos are virtually staged but there are no changes or any alterations to the home.

21. 2026-01-22
    price $88,000

    Show marketing remark (696 chars)

    1.5-story home with 2 bedrooms (space for a 3rd bedroom) is packed with potential! Offering generous living spaces and a large kitchen. While this home needs some TLC it is ready for your personal touch. Enjoy the convenience of main-floor laundry and the value of somewhat newer windows already in place. Outside, you’ll find a fully fenced yard with a good-sized patio—perfect for relaxing or entertaining. Ideally located close to the highway, shopping & amenities. This home is a great opportunity for buyers looking to build equity and make it their own. Schedule your showing today! Some photos are virtually staged but there are no changes or any alterations to the home.

22. 2026-01-16
    listed $100,000 Active 696-char remark

    Show marketing remark (696 chars)

    1.5-story home with 2 bedrooms (space for a 3rd bedroom) is packed with potential! Offering generous living spaces and a large kitchen. While this home needs some TLC it is ready for your personal touch. Enjoy the convenience of main-floor laundry and the value of somewhat newer windows already in place. Outside, you’ll find a fully fenced yard with a good-sized patio—perfect for relaxing or entertaining. Ideally located close to the highway, shopping & amenities. This home is a great opportunity for buyers looking to build equity and make it their own. Schedule your showing today! Some photos are virtually staged but there are no changes or any alterations to the home.

23. 2026-01-16
    listed $100,000 Active

    Show marketing remark (696 chars)

    1.5-story home with 2 bedrooms (space for a 3rd bedroom) is packed with potential! Offering generous living spaces and a large kitchen. While this home needs some TLC it is ready for your personal touch. Enjoy the convenience of main-floor laundry and the value of somewhat newer windows already in place. Outside, you’ll find a fully fenced yard with a good-sized patio—perfect for relaxing or entertaining. Ideally located close to the highway, shopping & amenities. This home is a great opportunity for buyers looking to build equity and make it their own. Schedule your showing today! Some photos are virtually staged but there are no changes or any alterations to the home.

24. 2022-07-18
    soldstatus $77,000
25. 2022-07-06
    soldstatus $77,000 332-char remark

    Show marketing remark (332 chars)

    Cute 3 bedroom home with lots of updates! Newer windows, updated full bath, large updated eat-in kitchen, refrigerator included, newer furnace and central air, fully fenced yard with patio and shed, main floor laundry room, large living room, bonus room off kitchen, covered parking spot, and large master bedroom. Don't miss out!!

26. 2022-05-06
    listed $77,000 332-char remark

    Show marketing remark (332 chars)

    Cute 3 bedroom home with lots of updates! Newer windows, updated full bath, large updated eat-in kitchen, refrigerator included, newer furnace and central air, fully fenced yard with patio and shed, main floor laundry room, large living room, bonus room off kitchen, covered parking spot, and large master bedroom. Don't miss out!!

27. 2005-06-14
    soldstatus $33,000

ⓘ 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: $1,194 · $100/mo
• Projected year-2 tax: $1,647 · $137/mo
• Expected delta: +$453/yr (+$38/mo · 37.9%)

ⓘ 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 2/10 Low 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,886
• − Mortgage interest: −$5,181
• − Property taxes: −$1,194
• − Insurance: −$462
• − Repairs & maintenance: −$1,191
• − Management: −$1,191
• − Depreciation: −$2,691
• Taxable income: $2,976
• Est. tax owed @ 24.0%: −$714
• After-tax cash flow: $3,569/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: Rockford SD 205
• NCES district ID: 1734510
• Math proficiency: 12% ▼ -2.00%
• Reading proficiency: 16% ▼ -3.00%
• Median HH income: $42,533
• Composite: 12.21/100
• National rank: #9649
• State rank: #533 of 620 in IL

Livability — Rockford

• Score: 62/100
• State rank: #876
• US rank: #17035

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockford, IL
• County: Winnebago County · 147,297 people
• City population: 147,297
• Metro: Rockford, IL
• Population (ZIP): 26,768
• Household income: $62,973
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 941.0

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 271,080 people
• By 2030: 260,684 · -3.8%
• By 2040: 238,405 · -12.1%
• By 2050: 216,129 · -20.3%
• By 2075: 172,882 · -36.2%
• By 2100: 135,336 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 57% Hispanic / Latino 21% Black 13% Two or more races 11% Asian 5%
• Hispanic origin (detail): Mexican 17% Puerto Rican 1%
• Common ancestry: Romanian 3% Slovak 2% Portuguese 2%
• Foreign-born: 13% · Canada, Philippines, China
• Languages at home: 79% English-only · Spanish 16% Other Asian/Pacific 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 49.5% · R 49.0% · Other 1.5%
• 2008→2024 swing: -12.2pp toward R · 2008: 12.8pp · 2024: 0.6pp
• All cycles: 2024: D+0.6 2020: D+2.5 2016: R+1.2 2012: D+5.7 2008: D+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.42%
• Current HPI: 296.0019
• Rent YoY: —
• Metro: Rockford, 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

+166.7% since first listed

10 events — show timeline

• 2026-01-30 Pending — NWIAR
• 2026-01-30 Contingent — MRED as Distributed by MLS Grid
• 2026-01-22 Price Changed $88,000 NWIAR
• 2026-01-22 Price Changed $88,000 MRED as Distributed by MLS Grid
• 2026-01-16 Listed $100,000 NWIAR
• 2026-01-16 Listed $100,000 MRED as Distributed by MLS Grid
• 2022-07-18 Sold (Public Records) $77,000 Public Records
• 2022-07-06 Sold (MLS) $77,000 NWIAR
• 2022-05-06 Listed $77,000 NWIAR
• 2005-06-14 Sold (Public Records) $33,000 Public Records

Property tax history

+0.4%/yr

Latest (2024): $1,194 · +10.6% YoY. Source: county tax records.