414 S Henry St · Geneseo, IL 61254

$194,900

2 bd · 1.0 ba · 1,756 sqft · SingleFamily public records · 144 Days on market

Built 1935 6,098 sqft lot $111/sqft · 15% above area Est $170k · 15% over

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Why this score? — see what drove the D 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 +19.8/30.0
• DSCR +6.3/10.0
• 1% rule +5.4/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.9/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This great 2 - 3 bedroom home will soon have a new roof! 1756 sq ft on the main level with main floor laundry and extra hook up available in basement (1260 sq feet). This home has been well taken care of! Living room with built in bookcases surrounding gas log fireplace. Walk through barn doors to DR that leads to the kitchen w/ appliances. Den/Craft room with lots of built in cabinets for storage. Den leads to the 22x22' size - 2 car garage. Basement has newer vinyl flooring for extra living space (extra toilet, shower and sink in basement too!) Attic can easily be finished for a 3rd BR. Home is conveniently located only a few blocks from the city park.Taxes are non owner occupied. Seller is a licensed real estate agent in Illinois.

Key facts

• Barn doors
• Built in bookcases
• Main floor laundry

Tags

• MAIN FLOOR LAUNDRY
• BUILT IN BOOKCASES
• GAS LOG FIREPLACE
• BARN DOORS
• BUILT IN CABINETS
• NEWER VINYL FLOORING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $231 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $172k (12.0% below list) — sets the bar for market timing.

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: Southwest Elem School (math 27% / reading 27%, grade F, #749 of 2,056 statewide, top 40%, 364 students, 0% FRL); 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 $6k 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

• It's been on market 144 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y 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 $123k; list at $195k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $171,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 144 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 1935 — 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. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.04% ✓
• Cap rate: 7.72%
• Cash-on-cash: 5.08%
• DSCR: 1.23
• GRM: 8.0

CMA / ARV

• ARV (median comp): $169,924
• List price: $194,900
• Delta: 14.70%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
523 S Oakwood Ave	0.28mi	3/1.5 (+1)	1,657 (-6%)	12mo	$188,000	$113	61
227 N State St	0.48mi	3/2.0 (+1)	1,730 (-2%)	8mo	$239,900	$139	60
513 E Pearl St	0.60mi	2/2.0	1,682 (-4%)	7mo	$231,000	$137	55
213 N Williams St	0.66mi	3/1.5 (+1)	1,834 (+4%)	4mo	$200,000	$109	51
825 S Congress St	0.68mi	3/2.0 (+1)	1,728 (-2%)	7mo	$162,000	$94	51
225 E Wells St	0.74mi	3/1.5 (+1)	1,680 (-4%)	2mo	$170,500	$101	50
127 N Vail St	0.38mi	3/2.0 (+1)	1,538 (-12%)	5mo	$155,000	$101	48
522 N State St	0.74mi	3/1.5 (+1)	1,662 (-5%)	4mo	$186,750	$112	46
215 N Oakwood Ave	0.51mi	3/2.0 (+1)	1,596 (-9%)	11mo	$185,000	$116	43
712 S Spring St	0.46mi	3/1.5 (+1)	1,506 (-14%)	7mo	$169,000	$112	42
712 S Spring St	0.46mi	3/1.5 (+1)	1,506 (-14%)	7mo	$169,000	$112	42
228 E Locust St	0.42mi	3/2.0 (+1)	1,499 (-15%)	7mo	$169,000	$113	41

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: -8.4%
• Equity multiple: 0.69×
• Total profit: $-16,817
• Equity at exit: $29,060

10-year hold

• IRR: 1.2%
• Equity multiple: 1.08×
• Total profit: $4,493
• Equity at exit: $16,851

Cash invested: $54,572 (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: 8.0×

Monthly cashflow live

• Estimated rent: $2,027 medium
• Mortgage (P&I): −$1,022
• Tax from tax record: −$267 /mo · $3,207/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $231

Break-even live

Break-even rent $1,735

Max offer price $194,900

Occupancy floor 84%

Sensitivity live

Price	-10% $341	-5% $286	+0% $231	+5% $176	+10% $121
Rent	-10% $71	-5% $151	+0% $231	+5% $311	+10% $391
Rate	-1.0pp $329	-0.5pp $281	base $231	+0.5pp $181	+1.0pp $129

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-07
   statusdays on market $194,900 Pending 144 DOM
2. 2026-06-02
   days on market $194,900 Contingent - Continue to Show 143 DOM
3. 2026-06-01
   days on market $194,900 Contingent - Continue to Show 142 DOM
4. 2026-05-31
   days on market $194,900 Contingent - Continue to Show 141 DOM
5. 2026-05-30
   days on market $194,900 Contingent - Continue to Show 140 DOM
6. 2026-05-11
   historical Contingent - Continue to Show 743-char remark

   Show marketing remark (743 chars)

   This great 2 - 3 bedroom home will soon have a new roof! 1756 sq ft on the main level with main floor laundry and extra hook up available in basement (1260 sq feet). This home has been well taken care of! Living room with built in bookcases surrounding gas log fireplace. Walk through barn doors to DR that leads to the kitchen w/ appliances. Den/Craft room with lots of built in cabinets for storage. Den leads to the 22x22' size - 2 car garage. Basement has newer vinyl flooring for extra living space (extra toilet, shower and sink in basement too!) Attic can easily be finished for a 3rd BR. Home is conveniently located only a few blocks from the city park.Taxes are non owner occupied. Seller is a licensed real estate agent in Illinois.

7. 2026-03-27
   price $194,900 743-char remark

   Show marketing remark (743 chars)

   This great 2 - 3 bedroom home will soon have a new roof! 1756 sq ft on the main level with main floor laundry and extra hook up available in basement (1260 sq feet). This home has been well taken care of! Living room with built in bookcases surrounding gas log fireplace. Walk through barn doors to DR that leads to the kitchen w/ appliances. Den/Craft room with lots of built in cabinets for storage. Den leads to the 22x22' size - 2 car garage. Basement has newer vinyl flooring for extra living space (extra toilet, shower and sink in basement too!) Attic can easily be finished for a 3rd BR. Home is conveniently located only a few blocks from the city park.Taxes are non owner occupied. Seller is a licensed real estate agent in Illinois.

8. 2026-01-15
   status Active 743-char remark

   Show marketing remark (743 chars)

   This great 2 - 3 bedroom home will soon have a new roof! 1756 sq ft on the main level with main floor laundry and extra hook up available in basement (1260 sq feet). This home has been well taken care of! Living room with built in bookcases surrounding gas log fireplace. Walk through barn doors to DR that leads to the kitchen w/ appliances. Den/Craft room with lots of built in cabinets for storage. Den leads to the 22x22' size - 2 car garage. Basement has newer vinyl flooring for extra living space (extra toilet, shower and sink in basement too!) Attic can easily be finished for a 3rd BR. Home is conveniently located only a few blocks from the city park.Taxes are non owner occupied. Seller is a licensed real estate agent in Illinois.

9. 2026-01-14
   historical 743-char remark

   Show marketing remark (743 chars)

   This great 2 - 3 bedroom home will soon have a new roof! 1756 sq ft on the main level with main floor laundry and extra hook up available in basement (1260 sq feet). This home has been well taken care of! Living room with built in bookcases surrounding gas log fireplace. Walk through barn doors to DR that leads to the kitchen w/ appliances. Den/Craft room with lots of built in cabinets for storage. Den leads to the 22x22' size - 2 car garage. Basement has newer vinyl flooring for extra living space (extra toilet, shower and sink in basement too!) Attic can easily be finished for a 3rd BR. Home is conveniently located only a few blocks from the city park.Taxes are non owner occupied. Seller is a licensed real estate agent in Illinois.

10. 2026-01-09
    listed $199,900 Active 743-char remark

    Show marketing remark (743 chars)

    This great 2 - 3 bedroom home will soon have a new roof! 1756 sq ft on the main level with main floor laundry and extra hook up available in basement (1260 sq feet). This home has been well taken care of! Living room with built in bookcases surrounding gas log fireplace. Walk through barn doors to DR that leads to the kitchen w/ appliances. Den/Craft room with lots of built in cabinets for storage. Den leads to the 22x22' size - 2 car garage. Basement has newer vinyl flooring for extra living space (extra toilet, shower and sink in basement too!) Attic can easily be finished for a 3rd BR. Home is conveniently located only a few blocks from the city park.Taxes are non owner occupied. Seller is a licensed real estate agent in Illinois.

11. 2020-01-29
    soldstatus $123,000 1036-char remark

    Show marketing remark (1036 chars)

    Check out this Move-in Ready, Lovely Ranch Style home, Freshly painted w/ Attached 2 Car Garage! It Features a Beautiful & Spacious Living room, with an Inviting Fireplace Surrounded by a Wall of Custom Built-In Shelving & Crown Molding. The Formal Dining room offers Crown Molding & chair rail. Kitchen Features plenty of Cabinetry & Counter Space with ALL the Appliances Included! Pantry Cabinet nearby along with a Main Floor Laundry w/ Washer & Dryer Too! You'll enjoy the Cozy, main floor Family Room featuring Custom built-in Shelving, Cabinets, Desk & More. There are also 2 Bedrooms on the main floor w/ a Spacious Master bedroom & nice 2nd Bedroom. Full Bath w/ Tub/Shower, Lots of Built-in cabinets for Storage. There are Nearly All new Windows & a Cedar Lined Closet in the hall Too! Upstairs you'll find an Insulated, Semi finished Storage area which could also be finished for extra living area or Den/Study if needed. The basement area is an unfinished area w/ Shower, Toilet & Sink.

12. 2020-01-29
    soldstatus $123,000 1036-char remark

    Show marketing remark (1036 chars)

    Check out this Move-in Ready, Lovely Ranch Style home, Freshly painted w/ Attached 2 Car Garage! It Features a Beautiful & Spacious Living room, with an Inviting Fireplace Surrounded by a Wall of Custom Built-In Shelving & Crown Molding. The Formal Dining room offers Crown Molding & chair rail. Kitchen Features plenty of Cabinetry & Counter Space with ALL the Appliances Included! Pantry Cabinet nearby along with a Main Floor Laundry w/ Washer & Dryer Too! You'll enjoy the Cozy, main floor Family Room featuring Custom built-in Shelving, Cabinets, Desk & More. There are also 2 Bedrooms on the main floor w/ a Spacious Master bedroom & nice 2nd Bedroom. Full Bath w/ Tub/Shower, Lots of Built-in cabinets for Storage. There are Nearly All new Windows & a Cedar Lined Closet in the hall Too! Upstairs you'll find an Insulated, Semi finished Storage area which could also be finished for extra living area or Den/Study if needed. The basement area is an unfinished area w/ Shower, Toilet & Sink.

13. 2019-11-26
    listed $129,000 1036-char remark

    Show marketing remark (1036 chars)

    Check out this Move-in Ready, Lovely Ranch Style home, Freshly painted w/ Attached 2 Car Garage! It Features a Beautiful & Spacious Living room, with an Inviting Fireplace Surrounded by a Wall of Custom Built-In Shelving & Crown Molding. The Formal Dining room offers Crown Molding & chair rail. Kitchen Features plenty of Cabinetry & Counter Space with ALL the Appliances Included! Pantry Cabinet nearby along with a Main Floor Laundry w/ Washer & Dryer Too! You'll enjoy the Cozy, main floor Family Room featuring Custom built-in Shelving, Cabinets, Desk & More. There are also 2 Bedrooms on the main floor w/ a Spacious Master bedroom & nice 2nd Bedroom. Full Bath w/ Tub/Shower, Lots of Built-in cabinets for Storage. There are Nearly All new Windows & a Cedar Lined Closet in the hall Too! Upstairs you'll find an Insulated, Semi finished Storage area which could also be finished for extra living area or Den/Study if needed. The basement area is an unfinished area w/ Shower, Toilet & Sink.

14. 2019-11-26
    listed $129,000 1036-char remark

    Show marketing remark (1036 chars)

    Check out this Move-in Ready, Lovely Ranch Style home, Freshly painted w/ Attached 2 Car Garage! It Features a Beautiful & Spacious Living room, with an Inviting Fireplace Surrounded by a Wall of Custom Built-In Shelving & Crown Molding. The Formal Dining room offers Crown Molding & chair rail. Kitchen Features plenty of Cabinetry & Counter Space with ALL the Appliances Included! Pantry Cabinet nearby along with a Main Floor Laundry w/ Washer & Dryer Too! You'll enjoy the Cozy, main floor Family Room featuring Custom built-in Shelving, Cabinets, Desk & More. There are also 2 Bedrooms on the main floor w/ a Spacious Master bedroom & nice 2nd Bedroom. Full Bath w/ Tub/Shower, Lots of Built-in cabinets for Storage. There are Nearly All new Windows & a Cedar Lined Closet in the hall Too! Upstairs you'll find an Insulated, Semi finished Storage area which could also be finished for extra living area or Den/Study if needed. The basement area is an unfinished area w/ Shower, Toilet & Sink.

ⓘ 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: $3,207 · $267/mo
• Projected year-2 tax: $3,816 · $318/mo
• Expected delta: +$608/yr (+$51/mo · 19.0%)

ⓘ 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: $24,329
• − Mortgage interest: −$10,917
• − Property taxes: −$3,207
• − Insurance: −$974
• − Repairs & maintenance: −$1,946
• − Management: −$1,946
• − Depreciation: −$5,670
• Taxable loss: −$332
• Est. tax savings @ 24.0%: +$80
• After-tax cash flow: $2,853/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

+51.1% since first listed

9 events — show timeline

• 2026-05-11 Contingent — MRED as Distributed by MLS Grid
• 2026-03-27 Price Changed $194,900 MRED as Distributed by MLS Grid
• 2026-01-15 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-09 Listed $199,900 MRED as Distributed by MLS Grid
• 2020-01-29 Sold (MLS) $123,000 RMLSA as Distributed by MLS Grid
• 2020-01-29 Sold (MLS) $123,000 MRED as Distributed by MLS Grid
• 2019-11-26 Listed $129,000 RMLSA as Distributed by MLS Grid
• 2019-11-26 Listed $129,000 MRED as Distributed by MLS Grid

Property tax history

+13.9%/yr

Latest (2024): $3,207 · +14.2% YoY. Source: county tax records.