912 N Main St · Paris, IL 61944

$59,900

2 bd · 1.0 ba · 1,054 sqft · SingleFamily · 78 Days on market

Built 1920 7,500 sqft lot $57/sqft · 28% below area Est $83k · 28% under ↓ 28% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.6/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come check out this 2 bedroom, 1 bath home with a full basement, dining room, and living room. New concrete porch and a layout that works well for everyday living at an affordable price.

Key facts

• 7,500 sq ft lot
• Built 1920
• Listed 77 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $354 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($951 rent vs $60k).
• Recommended offer: $56k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 8.3% in Paris — 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 71/100 on livability (#342 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, crime F, amenities F.
• Paris-Union SD 95 (town): math 25% / reading 42% proficiency, ranked #227 of 620 in IL (top 37%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 82 active listings in the ZIP; 6 units permitted in Edgar County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $414 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Edgar County population projected at -30% 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 $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($56k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $18k; list at $60k implies a 242% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $56,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.59% ✓
• Cap rate: 13.39%
• Cash-on-cash: 25.34%
• DSCR: 2.13
• GRM: 5.2

CMA / ARV

• ARV (median comp): $82,772
• List price: $59,900
• Delta: -27.63%
• 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
1013 N Central Ave	0.19mi	2/1.0	988 (-6%)	1mo	$79,450	$80	80
9 Parisian Ct	0.23mi	2/1.0	1,048 (-1%)	15mo	$89,000	$85	76
801 N Central Ave	0.20mi	2/2.0	1,100 (+4%)	11mo	$92,000	$84	71
701 N Central Ave	0.32mi	2/1.0	1,120 (+6%)	12mo	$17,000	$15	65
722 Connelly St	0.21mi	3/1.0 (+1)	928 (-12%)	7mo	$141,700	$153	59
308 W Edgar St	0.50mi	2/1.0	951 (-10%)	6mo	$95,000	$100	55
503 Walcott St	0.56mi	2/1.0	1,153 (+9%)	4mo	$65,000	$56	55
320 Parrish St	0.38mi	3/1.0 (+1)	974 (-8%)	13mo	$45,000	$46	54
1202 Tucker Beach Rd	0.72mi	2/1.0	899 (-15%)	4mo	$46,000	$51	39
624 E Blackburn St	0.65mi	1/1.0 (-1)	967 (-8%)	16mo	$42,500	$44	38
502 N Jefferson St	0.72mi	2/1.0	952 (-10%)	17mo	$70,000	$74	36
710 E Blackburn St	0.74mi	3/1.5 (+1)	1,180 (+12%)	10mo	$135,000	$114	30

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: 18.9%
• Equity multiple: 1.77×
• Total profit: $12,854
• Equity at exit: $8,931

10-year hold

• IRR: 27.2%
• Equity multiple: 3.40×
• Total profit: $40,254
• Equity at exit: $5,179

Cash invested: $16,772 (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 61944

• Active inventory: 82
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $951 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$58 /mo · $697/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $354

Break-even live

Break-even rent $503

Max offer price $59,900

Occupancy floor 58%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $59,900 Active 78 DOM
2. 2026-06-17
   days on market $59,900 Active 77 DOM
3. 2026-06-16
   days on market $59,900 Active 76 DOM
4. 2026-06-15
   days on market $59,900 Active 75 DOM
5. 2026-06-13
   days on market $59,900 Active 73 DOM
6. 2026-06-12
   days on market $59,900 Active 72 DOM
7. 2026-06-09
   days on market $59,900 Active 69 DOM
8. 2026-06-08
   days on market $59,900 Active 68 DOM
9. 2026-06-07
   days on market $59,900 Active 67 DOM
10. 2026-06-07
    days on market $59,900 Active 66 DOM
11. 2026-06-04
    days on market $59,900 Active 63 DOM
12. 2026-06-02
    days on market $59,900 Active 62 DOM
13. 2026-06-01
    days on market $59,900 Active 61 DOM
14. 2026-05-31
    days on market $59,900 Active 60 DOM
15. 2026-05-31
    days on market $59,900 Active 59 DOM
16. 2026-04-01
    listed $59,900 Active 186-char remark

    Show marketing remark (186 chars)

    Come check out this 2 bedroom, 1 bath home with a full basement, dining room, and living room. New concrete porch and a layout that works well for everyday living at an affordable price.

17. 2018-12-10
    soldstatus $17,500
18. 2005-07-22
    historical
19. 2004-04-07
    soldstatus $83,500

ⓘ 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: $697 · $58/mo
• Projected year-2 tax: $1,028 · $86/mo
• Expected delta: +$331/yr (+$28/mo · 47.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,412
• − Mortgage interest: −$3,355
• − Property taxes: −$697
• − Insurance: −$300
• − Repairs & maintenance: −$913
• − Management: −$913
• − Depreciation: −$1,743
• Taxable income: $3,492
• Est. tax owed @ 24.0%: −$838
• After-tax cash flow: $3,412/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: Paris-Union SD 95
• NCES district ID: 1730750
• Math proficiency: 25% ▼ -4.00%
• Reading proficiency: 42% ▼ -7.00%
• Median HH income: $36,294
• Composite: 27.73/100
• National rank: #6901
• State rank: #227 of 620 in IL

Livability — Paris

• Score: 71/100
• State rank: #342
• US rank: #6933

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Paris, IL
• City population: 11,426
• Population (ZIP): 11,426

Population outlook (Edgar County) Hauer SSP2

• Today (2025): 15,960 people
• By 2030: 14,978 · -6.2%
• By 2040: 12,990 · -18.6%
• By 2050: 11,087 · -30.5%
• By 2075: 7,338 · -54.0%
• By 2100: 4,526 · -71.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Edgar

• 2024 margin: Solid R (+52.4) · D 23.0% · R 75.3% · Other 1.7%
• 2008→2024 swing: -44.4pp toward R · 2008: -7.9pp · 2024: -52.4pp
• All cycles: 2024: R+52.4 2020: R+52.5 2016: R+49.5 2012: R+32.8 2008: R+7.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.48%
• Current HPI: 108.1718
• 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

-28.3% since first listed

4 events — show timeline

• 2026-04-01 Listed $59,900 CIBR
• 2018-12-10 Sold (Public Records) $17,500 Public Records
• 2005-07-22 Listing Removed — MRED as Distributed by MLS Grid
• 2004-04-07 Sold (Public Records) $83,500 Public Records

Property tax history

-3.6%/yr

Latest (2024): $697 · +4.7% YoY. Source: county tax records.