1013 Bernstein St · Streator, IL 61364

$70,000

2 bd · 1.0 ba · 1,320 sqft · SingleFamily public records · 11 Days on market

Built 1914

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2BR Home locacted on a dead-end street has a lot of potential! Newer oak kitchen cabinets, partial basement; carport, fenced yard. All dimensions are approximate measurements.

Key facts

• Carport
• Woodsy back yard
• Full basement

Tags

• FULL BASEMENT
• CARPORT
• WOODSY BACK YARD
• DEAD END STREET

Property features AI

Finance

• Other: Fee simple ownership; School bus service available
• HOA & community: No master association fee required

Exterior

• Parking: 2 parking spaces (total)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Vinyl siding; Property is over 100 years old; Built before 1978
• Exterior features: Lot less than 0.25 acre; Lot dimensions: 6513

Interior

• Kitchen: Kitchen on main level (10 x 7)
• Bedrooms: Master bedroom on main level (21 x 11); Second bedroom on main level (9 x 11); Additional bedrooms listed
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 4 total rooms; Unfinished full basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $528 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Cap rate 15.3% vs local median 7.8% in Streator — 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 (#752 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: amenities F, commute F, employment F.
• Streator Twp Hsd 40 (town): math 11% / reading 19% proficiency, ranked #513 of 620 in IL (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Northlawn Jr High School (math 7% / reading 14%, grade F, #580 of 665 statewide, top 88%, 617 students, 0% FRL); Streator Twp High School (math 11% / reading 19%, grade F, #462 of 693 statewide, top 68%, 809 students, 0% FRL).
• Market conditions: 85 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 82 units permitted in LaSalle County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• LaSalle 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 $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $23k; list at $70k implies a 204% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,000

Questions for the listing agent

1. Built in 1914 — 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. 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: 1.87% ✓
• Cap rate: 15.34%
• Cash-on-cash: 32.32%
• DSCR: 2.44
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $142,560
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1009 Bernstein St	0.01mi	3/1.5 (+1)	1,200 (-9%)	1mo	$83,000	$69	77
614 Powell St	0.20mi	2/2.0	1,200 (-9%)	10mo	$130,000	$108	63
1002 Hoyne St	0.29mi	3/2.0 (+1)	1,256 (-5%)	10mo	$154,900	$123	61
1310 E John St	0.32mi	2/1.5	1,225 (-7%)	12mo	$180,000	$147	61
1009 E Livingston St	0.51mi	3/1.0 (+1)	1,308 (-1%)	13mo	$72,500	$55	59
1301 Charles St	0.32mi	3/1.0 (+1)	1,182 (-10%)	10mo	$156,500	$132	54
804 E 12th St	0.29mi	3/1.5 (+1)	1,500 (+14%)	5mo	$141,500	$94	52
912 Charles St	0.31mi	3/2.0 (+1)	1,134 (-14%)	2mo	$141,000	$124	51
708 Lundy St	0.55mi	3/1.0 (+1)	1,188 (-10%)	6mo	$123,000	$104	47
1514 S Wasson St	0.68mi	3/1.5 (+1)	1,296 (-2%)	14mo	$198,000	$153	47
1306 Prairie View Rd	0.49mi	1/1.0 (-1)	1,189 (-10%)	17mo	$89,500	$75	42
1009 S Bloomington St	0.73mi	3/1.5 (+1)	1,173 (-11%)	11mo	$117,500	$100	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: 27.4%
• Equity multiple: 2.14×
• Total profit: $22,312
• Equity at exit: $10,437

10-year hold

• IRR: 34.9%
• Equity multiple: 4.21×
• Total profit: $62,859
• Equity at exit: $6,052

Cash invested: $19,600 (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 61364

• Home prices YoY: -31.1%
• Active inventory: 85
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,309 high
• Mortgage (P&I): −$367
• Tax from tax record: −$110 /mo · $1,319/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $528

Break-even live

Break-even rent $641

Max offer price $70,000

Occupancy floor 55%

Sensitivity live

Price	-10% $568	-5% $548	+0% $528	+5% $508	+10% $488
Rent	-10% $424	-5% $476	+0% $528	+5% $580	+10% $631
Rate	-1.0pp $563	-0.5pp $546	base $528	+0.5pp $510	+1.0pp $491

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
402 S Illinois St Streator, IL	2.0	1.0	1116	$1,550	$1.39	23d	1	0.56mi
514 Lundy St Streator, IL	3.0	1.0	1174	$1,700	$1.45	5d	1	0.61mi
503 S Bloomington St Streator, IL	3.0	1.0	1200	$1,500	$1.25	26d	1	0.85mi
124 Carriage Lane Ests Unit 124 Streator, IL	3.0	2.0	924	$1,127	$1.22	19d	1	0.87mi
124 Carriage Lane Ests Streator, IL	3.0	2.0	924	$1,127	$1.22	20d	1	0.87mi
303 Carriage Lane Ests Unit 303 Streator, IL	3.0	2.0	924	$1,188	$1.29	25d	1	0.89mi
410 Carriage Lane Ests #410 Streator, IL	3.0	2.0	960	$1,278	$1.33	26d	1	0.90mi
306 Carriage Lane Ests Unit 306 Streator, IL	3.0	1.0	980	$1,088	$1.11	26d	1	0.90mi

Listing history 9 events

1. 2026-06-21
   statusdays on market $70,000 Contingent - Continue to Show 11 DOM
2. 2026-06-19
   days on market $70,000 Active 9 DOM
3. 2026-06-18
   days on market $70,000 Active 8 DOM
4. 2026-06-17
   days on market $70,000 Active 7 DOM
5. 2026-06-16
   days on market $70,000 Active 6 DOM
6. 2026-06-15
   days on market $70,000 Active 5 DOM
7. 2026-06-14
   days on market $70,000 Active 3 DOM
8. 2026-06-12
   remarks 267-char remark
9. 2026-06-12
   listed $70,000 Active 2 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: $1,319 · $110/mo
• Projected year-2 tax: $1,454 · $121/mo
• Expected delta: +$135/yr (+$11/mo · 10.2%)

ⓘ 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: $15,708
• − Mortgage interest: −$3,921
• − Property taxes: −$1,319
• − Insurance: −$350
• − Repairs & maintenance: −$1,257
• − Management: −$1,257
• − Depreciation: −$2,036
• Taxable income: $5,568
• Est. tax owed @ 24.0%: −$1,336
• After-tax cash flow: $4,998/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: Streator Twp Hsd 40
• NCES district ID: 1738100
• Math proficiency: 11% ▼ -4.00%
• Reading proficiency: 19% ▼ -1.00%
• Median HH income: $43,002
• Composite: 13.07/100
• National rank: #9561
• State rank: #513 of 620 in IL

Livability — Streator

• Score: 63/100
• State rank: #752
• US rank: #15266

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Streator, IL
• County: La Salle County · 41,676 people
• City population: 17,963
• Metro: Ottawa, IL
• Population (ZIP): 17,963
• Household income: $59,060
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 450.0

Population outlook (LaSalle County) Hauer SSP2

• Today (2025): 107,080 people
• By 2030: 104,196 · -2.7%
• By 2040: 97,413 · -9.0%
• By 2050: 90,294 · -15.7%
• By 2075: 76,252 · -28.8%
• By 2100: 61,339 · -42.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 11% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · LaSalle

• 2024 margin: R (+18.5) · D 40.1% · R 58.6% · Other 1.3%
• 2008→2024 swing: -29.6pp toward R · 2008: 11.1pp · 2024: -18.5pp
• All cycles: 2024: R+18.5 2020: R+14.3 2016: R+14.4 2012: R+0.4 2008: D+11.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.28%
• Current HPI: 233.5533
• Rent YoY: —
• Metro: Ottawa, 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

+181.1% since first listed

11 events — show timeline

• 2026-06-08 Listed $70,000 MRED as Distributed by MLS Grid
• 2009-03-16 Listing Removed — MRED as Distributed by MLS Grid
• 2009-03-03 Relisted — MRED as Distributed by MLS Grid
• 2009-03-01 Listing Removed — MRED as Distributed by MLS Grid
• 2009-01-10 Price Changed — MRED as Distributed by MLS Grid
• 2008-09-25 Price Changed — MRED as Distributed by MLS Grid
• 2008-08-11 Price Changed — MRED as Distributed by MLS Grid
• 2008-07-17 Listed — MRED as Distributed by MLS Grid
• 2007-01-19 Sold (MLS) $23,000 MRED as Distributed by MLS Grid
• 2006-12-13 Listing Removed — MRED as Distributed by MLS Grid
• 2006-11-01 Listed $24,900 MRED as Distributed by MLS Grid

Property tax history

+2.6%/yr

Latest (2024): $1,319 · +8.1% YoY. Source: county tax records.