335 N Chicago St · Geneseo, IL 61254

$182,500

3 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 3 Days on market

Built 1957 0.31 ac lot Est $194k · 6% under

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Why this score? — see what drove the C+ 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 +26.0/30.0
• ARV discount +10.3/15.0
• DSCR +8.7/10.0
• 1% rule +7.0/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this adorable 3-bedroom, 2-bath property located on Chicago Street. Offering the perfect blend of comfort, functionality, and small-town charm, this home features spacious living areas, comfortable bedrooms, and a layout designed for everyday living. Outside, you'll find a detached 2-car garage plus storage/workshop area-ideal for hobbyists, craftsmen, or all your seasonal equipment and tools.

Key facts

• Detached garage
• 0.31 acre lot
• 2 garage spots

Tags

• DETACHED GARAGE
• STORAGE WORKSHOP AREA

Property features AI

Finance

• Other: Total finished/unfinshed area reported (approx. 2,592 total finished/unfinished); Main level finished area approx. 1,296 (assessor source); Below-grade finished area listed; Unfinished basement area noted
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (garage owned) with garage door opener; Two garage spaces (two total parking spaces); Gravel and shared driveway access
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story layout; Fee simple ownership; Built approximately 61–70 years ago; Asphalt roof; Facing direction not specified
• Construction: Aluminum siding; Block foundation; Built before 1978
• Exterior features: Deck; Patio; Level lot; Lot dimensions approximately 60 x 192 x 60 x 192

Interior

• Kitchen: Galley kitchen (13 x 9); Range; Dishwasher; Refrigerator
• Bedrooms: Master bedroom on main level (13 x 13) with full bath access; Second bedroom on main level (12 x 12) — carpet; Third bedroom on main level (9 x 11) — carpet; Den in basement (11 x 13)
• Flooring: Carpet in most main-level living areas and bedrooms; Vinyl in kitchen; Other flooring in finished basement areas
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Open floorplan; First-floor bedroom; First-floor full bath; Partially finished, full basement
• Laundry & utility: Basement laundry room (9 x 9); Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $182k.

Deal economics

• At list price, monthly cash flow is $452 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $182k).
• Cap rate 9.3% vs local median 6.9% in Geneseo — 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 83/100 on livability (#45 in IL, #907 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: commute F.
• Geneseo CUSD 228 (town): math 23% / reading 26% proficiency, ranked #297 of 620 in IL (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; only 18% free/reduced lunch — higher-income household profile.
• Zoned schools: Geneseo Middle School (math 15% / reading 20%, grade F, #450 of 665 statewide, top 69%, 591 students, 0% FRL); Geneseo High School (math 32% / reading 42%, grade F, #107 of 693 statewide, top 17%, 809 students, 0% FRL) — zoned schools average 0% FRL vs 18% district-wide (18 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 73 active listings in the ZIP; 32 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Henry County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $182,500

Questions for the listing agent

1. Built in 1957 — 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 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?
4. 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.
5. 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.
6. 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: 1.20% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.61%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $194,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
521 E Park St	0.22mi	3/2.0	1,295 (-0%)	11mo	$158,000	$122	76
407 N Chicago St	0.03mi	3/1.0	1,165 (-10%)	8mo	$165,000	$142	75
510 N Meadow St	0.31mi	2/2.5 (-1)	1,343 (+4%)	6mo	$220,000	$164	63
811 Hickory Dr	0.48mi	3/2.0	1,315 (+2%)	10mo	$203,000	$154	63
329 E Orange St	0.41mi	3/2.5	1,234 (-5%)	12mo	$185,000	$150	57
627 E Main St	0.60mi	3/2.0	1,420 (+10%)	6mo	$220,000	$155	47
513 E Pearl St	0.54mi	2/2.0 (-1)	1,172 (-10%)	7mo	$231,000	$197	44
317 S Spring St	0.64mi	2/1.5 (-1)	1,218 (-6%)	11mo	$145,000	$119	44
317 S Spring St	0.64mi	2/1.5 (-1)	1,218 (-6%)	11mo	$145,000	$119	44
522 E South St	0.74mi	3/1.5	1,134 (-12%)	1mo	$123,750	$109	42
923 Cherry Dr	0.49mi	4/3.0 (+1)	1,440 (+11%)	9mo	$250,000	$174	38
409 E Pearl St	0.59mi	2/2.0 (-1)	1,439 (+11%)	9mo	$160,000	$111	38

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: -0.4%
• Equity multiple: 0.99×
• Total profit: $-745
• Equity at exit: $27,211

10-year hold

• IRR: 9.3%
• Equity multiple: 1.72×
• Total profit: $36,580
• Equity at exit: $15,779

Cash invested: $51,100 (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 61254

• Home prices YoY: -32.0%
• Active inventory: 73
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,181 medium
• Mortgage (P&I): −$957
• Tax from tax record: −$238 /mo · $2,855/yr
• Insurance: −$76
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $452

Break-even live

Break-even rent $1,609

Max offer price $182,500

Occupancy floor 74%

Sensitivity live

Price	-10% $555	-5% $504	+0% $452	+5% $400	+10% $349
Rent	-10% $280	-5% $366	+0% $452	+5% $538	+10% $624
Rate	-1.0pp $544	-0.5pp $498	base $452	+0.5pp $405	+1.0pp $357

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: $45,625
• Closing costs: $5,475
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-07
   statusdays on market $182,500 Pending 3 DOM
2. 2026-06-03
   remarks 412-char remark
3. 2026-06-03
   listed $182,500 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: $2,855 · $238/mo
• Projected year-2 tax: $3,499 · $292/mo
• Expected delta: +$644/yr (+$54/mo · 22.6%)

ⓘ 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
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,172
• − Mortgage interest: −$10,223
• − Property taxes: −$2,855
• − Insurance: −$912
• − Repairs & maintenance: −$2,094
• − Management: −$2,094
• − Depreciation: −$5,309
• Taxable income: $2,685
• Est. tax owed @ 24.0%: −$645
• After-tax cash flow: $4,780/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: Geneseo CUSD 228
• NCES district ID: 1716350
• Math proficiency: 23% ▼ -10.00%
• Reading proficiency: 26% ▼ -9.00%
• Median HH income: $63,288
• Composite: 22.91/100
• National rank: #7996
• State rank: #297 of 620 in IL

Livability — Geneseo

• Score: 83/100
• State rank: #45
• US rank: #907

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Geneseo, IL
• City population: 12,049
• Population (ZIP): 12,049

Population outlook (Henry County) Hauer SSP2

• Today (2025): 47,376 people
• By 2030: 45,920 · -3.1%
• By 2040: 42,829 · -9.6%
• By 2050: 39,606 · -16.4%
• By 2075: 31,848 · -32.8%
• By 2100: 23,503 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: English 9% Romanian 4% Portuguese 3%
• Foreign-born: 1% · Canada, China
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Henry

• 2024 margin: Strong R (+24.5) · D 36.8% · R 61.3% · Other 1.9%
• 2008→2024 swing: -32.2pp toward R · 2008: 7.7pp · 2024: -24.5pp
• All cycles: 2024: R+24.5 2020: R+21.4 2016: R+21.2 2012: D+3.1 2008: D+7.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.08%
• Current HPI: 157.4041
• 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

1 event — show timeline

• 2026-06-02 Listed $182,500 MRED as Distributed by MLS Grid

Property tax history

+3.9%/yr

Latest (2024): $2,855 · +16.1% YoY. Source: county tax records.