826 Prairie Ave · Kewanee, IL 61443

$79,900

4 bd · 1.0 ba · 1,201 sqft · SingleFamily public records · 12 Days on market

Built 1907 8,410 sqft lot Est $80k · at est.

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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 +7.8/15.0
• Livability +3.5/5.0
• 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

If you are looking for a real fixer upper, look no further! This home needs lots of work but has great potential. There is a 1- car-detached garage & inside features: living room w/ bay window, the dining room is open to the kitchen, main floor bath, main floor bedroom & mudroom. The 3 additional bedrooms are located on the 2nd floor. This home is being sold " AS IS ".

Key facts

• 8,410 sq ft lot
• Built 1907
• Listed 12 days

Property features AI

Finance

• Other: Living area source: Assessor; Directions: From West Prospect St turn right to 5th Avenue then turn left onto Prairie Avenue.
• Financial info: Financial details not provided
• HOA & community: No master association fee required

Exterior

• Parking: Parking information not provided
• Security: Security information not provided
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Property more than 100 years old; Facing direction not specified
• Construction: Vinyl siding exterior; Asphalt roof; Brick/mortar foundation; Built before 1978
• Exterior features: Level lot; Lot dimensions approximately 58 x 145

Interior

• Kitchen: Kitchen on main level (15 x 11)
• Bedrooms: Master bedroom on main level (9 x 12); Three additional bedrooms on second level (12 x 11; 12 x 10; 10 x 11)
• Flooring: Laminate flooring in living room; Ceramic tile in kitchen, family room, and dining room
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Eight total rooms; Separate dining room; Unfinished partial basement; Bay window(s) in living room; Wood burning stove in family room
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $403 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 12.4% vs local median 8.6% in Kewanee — 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 69/100 on livability (#409 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools F, crime D-, amenities F.
• Kewanee CUSD 229 (town): math 8% / reading 20% proficiency, ranked #540 of 620 in IL (top 87%) — 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: 39 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 $552 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 13y 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 $19k; list at $80k implies a 321% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1907 — 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 D 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: 1.52% ✓
• Cap rate: 12.35%
• Cash-on-cash: 21.64%
• DSCR: 1.96
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $80,467
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1202 W Prospect St	0.24mi	4/1.0	1,083 (-10%)	6mo	$56,540	$52	67
216 N Boss St St	0.39mi	4/2.0	1,255 (+4%)	5mo	$103,000	$82	66
422 Ross St	0.59mi	3/1.0 (-1)	1,200 (-0%)	1mo	$64,900	$54	66
213 Elliott St	0.38mi	3/2.0 (-1)	1,170 (-3%)	8mo	$55,000	$47	62
110 N Park St	0.46mi	3/1.0 (-1)	1,088 (-9%)	2mo	$105,000	$97	57
410 Ross St	0.56mi	4/1.0	1,114 (-7%)	8mo	$33,000	$30	56
517 W 1st St	0.37mi	3/3.0 (-1)	1,263 (+5%)	7mo	$119,000	$94	55
323 S Chestnut St	0.45mi	3/1.0 (-1)	1,098 (-9%)	8mo	$67,500	$61	53
216 Hillcrest Dr	0.60mi	3/1.5 (-1)	1,252 (+4%)	7mo	$84,000	$67	52
216 Hillcrest Dr	0.60mi	3/1.5 (-1)	1,252 (+4%)	7mo	$84,000	$67	52
622 S Tremont St	0.60mi	3/2.0 (-1)	1,124 (-6%)	8mo	$46,000	$41	45
136 W Mill St	0.60mi	3/1.0 (-1)	1,039 (-14%)	1mo	$107,000	$103	44

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: 14.3%
• Equity multiple: 1.57×
• Total profit: $12,771
• Equity at exit: $11,913

10-year hold

• IRR: 23.0%
• Equity multiple: 2.98×
• Total profit: $44,293
• Equity at exit: $6,908

Cash invested: $22,372 (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 61443

• Active inventory: 39
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,214 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$103 /mo · $1,238/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $403

Break-even live

Break-even rent $703

Max offer price $79,900

Occupancy floor 62%

Sensitivity live

Price	-10% $449	-5% $426	+0% $403	+5% $381	+10% $358
Rent	-10% $308	-5% $356	+0% $403	+5% $451	+10% $499
Rate	-1.0pp $444	-0.5pp $424	base $403	+0.5pp $383	+1.0pp $362

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-21
   statusdays on market $79,900 Contingent - Continue to Show 12 DOM
2. 2026-06-18
   days on market $79,900 Active 10 DOM
3. 2026-06-17
   days on market $79,900 Active 9 DOM
4. 2026-06-16
   days on market $79,900 Active 8 DOM
5. 2026-06-15
   days on market $79,900 Active 7 DOM
6. 2026-06-13
   days on market $79,900 Active 5 DOM
7. 2026-06-12
   days on market $79,900 Active 4 DOM
8. 2026-06-09
   remarks 284-char remark
9. 2026-06-09
   listed $79,900 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: $1,238 · $103/mo
• Projected year-2 tax: $1,526 · $127/mo
• Expected delta: +$288/yr (+$24/mo · 23.2%)

ⓘ 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 ≥103°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: $14,567
• − Mortgage interest: −$4,476
• − Property taxes: −$1,238
• − Insurance: −$400
• − Repairs & maintenance: −$1,165
• − Management: −$1,165
• − Depreciation: −$2,324
• Taxable income: $3,798
• Est. tax owed @ 24.0%: −$912
• After-tax cash flow: $3,930/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: Kewanee CUSD 229
• NCES district ID: 1721000
• Math proficiency: 8% ▼ -8.00%
• Reading proficiency: 20% ▼ -12.00%
• Median HH income: $38,294
• Composite: 11.77/100
• National rank: #9682
• State rank: #540 of 620 in IL

Livability — Kewanee

• Score: 69/100
• State rank: #409
• US rank: #8423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kewanee, IL
• Population (ZIP): 13,529

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 11% Black 6% Two or more races 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Romanian 4% English 3% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -68.32%
• Current HPI: 121.8672
• 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

+180.4% since first listed

10 events — show timeline

• 2026-06-08 Price Changed $79,900 MRED as Distributed by MLS Grid
• 2026-06-08 Listed $79,000 MRED as Distributed by MLS Grid
• 2021-07-22 Sold (MLS) $19,000 RMLSA as Distributed by MLS Grid
• 2021-07-22 Sold (MLS) $19,000 MRED as Distributed by MLS Grid
• 2021-07-02 Listed $20,900 RMLSA as Distributed by MLS Grid
• 2021-07-02 Listed $20,900 MRED as Distributed by MLS Grid
• 2013-10-24 Sold (MLS) $26,000 RMLSA as Distributed by MLS Grid
• 2013-10-24 Sold (MLS) $26,000 MRED as Distributed by MLS Grid
• 2013-06-24 Listed $28,500 RMLSA as Distributed by MLS Grid
• 2013-06-24 Listed $28,500 MRED as Distributed by MLS Grid

Property tax history

+3.5%/yr

Latest (2024): $1,238 · +18.1% YoY. Source: county tax records.