128 Ash St · Canton, IL 61520

$39,900

3 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 143 Days on market

Built 1921 5,658 sqft lot $39/sqft · 56% below area

---

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 +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a investment property we'll look no further here is a 3 bedroom with living room, dining and large main floor laundry. Enclosed front porch. Call today to see what potential this house has in store.

Key facts

• Living room
• Dining
• Enclosed front porch

Tags

• LIVING ROOM
• DINING
• LARGE MAIN FLOOR LAUNDRY
• ENCLOSED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $494 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.1% vs local median 7.9% in Canton — 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 72/100 on livability (#318 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, schools F, amenities F.
• Canton Union SD 66 (town): math 19% / reading 23% proficiency, ranked #417 of 620 in IL (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 102 active listings in the ZIP; 14 units permitted in Fulton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Fulton 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 $11k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 143 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 18y 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 $28k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.9% of price; built in 1921 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $35,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 143 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 2.80% ✓
• Cap rate: 21.14%
• Cash-on-cash: 53.01%
• DSCR: 3.36
• GRM: 3.0

CMA / ARV

• ARV (median comp): $90,391
• List price: $39,900
• Delta: -55.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
143 E Spruce St	0.05mi	2/1.0 (-1)	998 (-3%)	2mo	$49,900	$50	86
702 N Avenue C	0.41mi	3/1.0	982 (-5%)	2mo	$83,000	$85	72
649 Dean Ct	0.40mi	2/1.0 (-1)	1,008 (-2%)	4mo	$52,000	$52	69
454 S 3rd Ave	0.73mi	3/1.0	1,024 (-1%)	0mo	$9,000	$9	64
17 N 5th Ave	0.42mi	3/2.0	980 (-5%)	6mo	$18,000	$18	63
324 W Spruce St	0.50mi	2/1.0 (-1)	968 (-6%)	1mo	$40,000	$41	61
840 Ravine Ct	0.51mi	2/1.0 (-1)	955 (-8%)	5mo	$120,000	$126	54
290 N 11th Ave	0.71mi	2/1.0 (-1)	964 (-7%)	0mo	$118,000	$122	50
906 E Locust St	0.60mi	2/1.0 (-1)	960 (-7%)	7mo	$43,500	$45	49
966 N 7th Ave	0.65mi	3/2.0	1,120 (+8%)	8mo	$98,100	$88	45
837 E Chestnut St	0.59mi	2/1.0 (-1)	1,152 (+12%)	8mo	$29,926	$26	42
148 Robinson Ct	0.68mi	2/1.0 (-1)	880 (-15%)	3mo	$42,000	$48	36

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: 51.1%
• Equity multiple: 3.24×
• Total profit: $25,052
• Equity at exit: $5,949

10-year hold

• IRR: 56.5%
• Equity multiple: 6.61×
• Total profit: $62,639
• Equity at exit: $3,450

Cash invested: $11,172 (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 61520

• Active inventory: 102
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,117 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$163 /mo · $1,954/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $494

Break-even live

Break-even rent $492

Max offer price $39,900

Occupancy floor 51%

Sensitivity live

Price	-10% $634	-5% $620	+0% $494	+5% $482	+10% $471
Rent	-10% $405	-5% $449	+0% $494	+5% $538	+10% $582
Rate	-1.0pp $514	-0.5pp $504	base $494	+0.5pp $483	+1.0pp $473

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $39,900 Active 143 DOM
2. 2026-06-17
   days on market $39,900 Active 142 DOM
3. 2026-06-16
   days on market $39,900 Active 141 DOM
4. 2026-06-15
   days on market $39,900 Active 140 DOM
5. 2026-06-13
   days on market $39,900 Active 138 DOM
6. 2026-06-12
   days on market $39,900 Active 137 DOM
7. 2026-06-09
   days on market $39,900 Active 134 DOM
8. 2026-06-08
   days on market $39,900 Active 133 DOM
9. 2026-06-07
   days on market $39,900 Active 132 DOM
10. 2026-06-07
    days on market $39,900 Active 131 DOM
11. 2026-06-04
    days on market $39,900 Active 128 DOM
12. 2026-06-02
    days on market $39,900 Active 127 DOM
13. 2026-06-01
    days on market $39,900 Active 126 DOM
14. 2026-05-31
    days on market $39,900 Active 125 DOM
15. 2026-05-31
    days on market $39,900 Active 124 DOM
16. 2026-01-26
    listed $39,900 Active 210-char remark

    Show marketing remark (210 chars)

    Looking for a investment property we'll look no further here is a 3 bedroom with living room, dining and large main floor laundry. Enclosed front porch. Call today to see what potential this house has in store.

17. 2008-10-15
    soldstatus $28,000
18. 2008-07-28
    listed $29,900

ⓘ 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: $1,954 · $163/mo
• Projected year-2 tax: $1,954 · $163/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 5/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,401
• − Mortgage interest: −$2,235
• − Property taxes: −$1,954
• − Insurance: −$200
• − Repairs & maintenance: −$1,072
• − Management: −$1,072
• − Depreciation: −$1,161
• Taxable income: $5,707
• Est. tax owed @ 24.0%: −$1,370
• After-tax cash flow: $4,552/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: Canton Union SD 66
• NCES district ID: 1708280
• Math proficiency: 19% ▼ -10.00%
• Reading proficiency: 23% ▼ -12.00%
• Median HH income: $42,657
• Composite: 18.03/100
• National rank: #8980
• State rank: #417 of 620 in IL

Livability — Canton

• Score: 72/100
• State rank: #318
• US rank: #6313

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canton, IL
• Population (ZIP): 16,098

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 33,356 people
• By 2030: 32,144 · -3.6%
• By 2040: 29,518 · -11.5%
• By 2050: 26,775 · -19.7%
• By 2075: 19,972 · -40.1%
• By 2100: 13,580 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 5% Hispanic / Latino 4% Two or more races 4% Native American 1%
• Common ancestry: Slovak 3% Lithuanian 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Fulton

• 2024 margin: Strong R (+23.8) · D 37.1% · R 60.9% · Other 2.0%
• 2008→2024 swing: -45.2pp toward R · 2008: 21.3pp · 2024: -23.8pp
• All cycles: 2024: R+23.8 2020: R+20.1 2016: R+15.1 2012: D+11.1 2008: D+21.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.00%
• Current HPI: 123.8086
• 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

+33.4% since first listed

3 events — show timeline

• 2026-01-26 Listed $39,900 RMLSA as Distributed by MLS Grid
• 2008-10-15 Sold (MLS) $28,000 RMLSA as Distributed by MLS Grid
• 2008-07-28 Listed $29,900 RMLSA as Distributed by MLS Grid

Property tax history

+5.6%/yr

Latest (2024): $1,954 · +3.8% YoY. Source: county tax records.