143 Taft St · Marissa, IL 62257

$139,900

3 bd · 1.0 ba · 1,664 sqft · SingleFamily public records · 375 Days on market

Built 1950 1.65 ac lot $84/sqft · 45% below area Est $164k · 14% under

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Why this score? — see what drove the C- 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 +16.7/30.0
• ARV discount +14.0/15.0
• DSCR +5.2/10.0
• Appreciation +4.1/10.0
• 1% rule +3.8/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks MLS

LOOK NO LONGER! This sale is being put back on the market through no fault of the seller. Unfortunately the first buyer had an unexpected health issue. All things from the home inspection have been addressed by the seller. Move in ready. This home is located on 2 lots measuring 1.65 acres of land. The home has a large eat in kitchen, a closed in front porch off the living room, 2 bedrooms on the main floor, a bathroom, a mud room and a large open space on the upper floor, with lots of cabinets, great for storage, or if you work from home it has potential to be a private office ,a possible bedroom, playroom, many options. The home has a basement with entry from the mudroom or inside the home. There are three sheds on this property. great for storage, a 24x26, 16x18, 7x10. The 2 car garage is close to the house with garage door openers. Call for your personal preview.

Key facts

• Large eat in kitchen
• 2 lots
• Large open space

Tags

• 2 LOTS
• 1.65 ACRES
• LARGE EAT IN KITCHEN
• CLOSED IN FRONT PORCH
• MUD ROOM
• LARGE OPEN SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $124k (11.7% below list).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 57/100 on livability (#1,171 in IL) — a working-class tenant base; expect higher turnover. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Marissa CUSD 40 (rural): math 17% / reading 14% proficiency, ranked #496 of 620 in IL (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 17 active listings in the ZIP; 17 units permitted in Washington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.7%/yr); year-one equity from $967 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Washington County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 375 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 375 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 1950 — 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 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?
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: 0.88% ✗
• Cap rate: 7.05%
• Cash-on-cash: 2.70%
• DSCR: 1.12
• GRM: 9.4

CMA / ARV

• ARV (median comp): $163,562
• List price: $139,900
• Delta: -14.47%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-1.72% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.9%
• Equity multiple: 0.76×
• Total profit: $-9,438
• Equity at exit: $28,988

10-year hold

• IRR: 1.7%
• Equity multiple: 1.15×
• Total profit: $5,810
• Equity at exit: $26,528

Cash invested: $39,172 (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 62257

• Home prices YoY: -1.4%
• Active inventory: 17
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,235 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$96 /mo · $1,148/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $88

Break-even live

Break-even rent $1,124

Max offer price $139,900

Occupancy floor 88%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $139,900 Active 375 DOM
2. 2026-06-17
   days on market $139,900 Active 374 DOM
3. 2026-06-16
   days on market $139,900 Active 373 DOM
4. 2026-06-15
   days on market $139,900 Active 372 DOM
5. 2026-06-13
   days on market $139,900 Active 370 DOM
6. 2026-06-12
   days on market $139,900 Active 369 DOM
7. 2026-06-09
   days on market $139,900 Active 366 DOM
8. 2026-06-08
   days on market $139,900 Active 365 DOM
9. 2026-06-07
   days on market $139,900 Active 364 DOM
10. 2026-06-07
    days on market $139,900 Active 363 DOM
11. 2026-06-04
    days on market $139,900 Active 360 DOM
12. 2026-06-02
    pricestatus $139,900 Active 359 DOM
13. 2026-03-22
    price $140,000 887-char remark

    Show marketing remark (887 chars)

    LOOK NO LONGER! This sale is being put back on the market through no fault of the seller. Unfortunately the first buyer had an unexpected health issue. All things from the home inspection have been addressed by the seller. Move in ready. This home is located on 2 lots measuring 1.65 acres of land. The home has a large eat in kitchen, a closed in front porch off the living room, 2 bedrooms on the main floor, a bathroom, a mud room and a large open space on the upper floor, with lots of cabinets, great for storage, or if you work from home it has potential to be a private office ,a possible bedroom, playroom, many options. The home has a basement with entry from the mudroom or inside the home. There are three sheds on this property. great for storage, a 24x26, 16x18, 7x10. The 2 car garage is close to the house with garage door openers. Call for your personal preview.

14. 2025-11-25
    status Active 887-char remark

    Show marketing remark (887 chars)

    LOOK NO LONGER! This sale is being put back on the market through no fault of the seller. Unfortunately the first buyer had an unexpected health issue. All things from the home inspection have been addressed by the seller. Move in ready. This home is located on 2 lots measuring 1.65 acres of land. The home has a large eat in kitchen, a closed in front porch off the living room, 2 bedrooms on the main floor, a bathroom, a mud room and a large open space on the upper floor, with lots of cabinets, great for storage, or if you work from home it has potential to be a private office ,a possible bedroom, playroom, many options. The home has a basement with entry from the mudroom or inside the home. There are three sheds on this property. great for storage, a 24x26, 16x18, 7x10. The 2 car garage is close to the house with garage door openers. Call for your personal preview.

15. 2025-09-05
    status Active 887-char remark

    Show marketing remark (887 chars)

    LOOK NO LONGER! This sale is being put back on the market through no fault of the seller. Unfortunately the first buyer had an unexpected health issue. All things from the home inspection have been addressed by the seller. Move in ready. This home is located on 2 lots measuring 1.65 acres of land. The home has a large eat in kitchen, a closed in front porch off the living room, 2 bedrooms on the main floor, a bathroom, a mud room and a large open space on the upper floor, with lots of cabinets, great for storage, or if you work from home it has potential to be a private office ,a possible bedroom, playroom, many options. The home has a basement with entry from the mudroom or inside the home. There are three sheds on this property. great for storage, a 24x26, 16x18, 7x10. The 2 car garage is close to the house with garage door openers. Call for your personal preview.

16. 2025-07-14
    historical Active Under Contract 887-char remark

    Show marketing remark (887 chars)

    LOOK NO LONGER! This sale is being put back on the market through no fault of the seller. Unfortunately the first buyer had an unexpected health issue. All things from the home inspection have been addressed by the seller. Move in ready. This home is located on 2 lots measuring 1.65 acres of land. The home has a large eat in kitchen, a closed in front porch off the living room, 2 bedrooms on the main floor, a bathroom, a mud room and a large open space on the upper floor, with lots of cabinets, great for storage, or if you work from home it has potential to be a private office ,a possible bedroom, playroom, many options. The home has a basement with entry from the mudroom or inside the home. There are three sheds on this property. great for storage, a 24x26, 16x18, 7x10. The 2 car garage is close to the house with garage door openers. Call for your personal preview.

17. 2025-05-27
    listed $149,900 Active 887-char remark

    Show marketing remark (887 chars)

    LOOK NO LONGER! This sale is being put back on the market through no fault of the seller. Unfortunately the first buyer had an unexpected health issue. All things from the home inspection have been addressed by the seller. Move in ready. This home is located on 2 lots measuring 1.65 acres of land. The home has a large eat in kitchen, a closed in front porch off the living room, 2 bedrooms on the main floor, a bathroom, a mud room and a large open space on the upper floor, with lots of cabinets, great for storage, or if you work from home it has potential to be a private office ,a possible bedroom, playroom, many options. The home has a basement with entry from the mudroom or inside the home. There are three sheds on this property. great for storage, a 24x26, 16x18, 7x10. The 2 car garage is close to the house with garage door openers. Call for your personal preview.

18. 2025-05-24
    listed $149,900 Active
19. 2024-05-15
    soldstatus $115,000
20. 2014-02-07
    soldstatus $50,000

ⓘ 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: $1,148 · $96/mo
• Projected year-2 tax: $2,162 · $180/mo
• Expected delta: +$1,014/yr (+$84/mo · 88.3%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $14,823
• − Mortgage interest: −$7,837
• − Property taxes: −$1,148
• − Insurance: −$700
• − Repairs & maintenance: −$1,186
• − Management: −$1,186
• − Depreciation: −$4,070
• Taxable loss: −$1,302
• Est. tax savings @ 24.0%: +$313
• After-tax cash flow: $1,372/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: Marissa CUSD 40
• NCES district ID: 1724650
• Math proficiency: 17% ▼ -3.00%
• Reading proficiency: 14% ▼ -12.00%
• Median HH income: $49,125
• Composite: 14.12/100
• National rank: #9458
• State rank: #496 of 620 in IL

Livability — Marissa

• Score: 57/100
• State rank: #1171
• US rank: #22028

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,960

Population outlook (Washington County) Hauer SSP2

• Today (2025): 13,333 people
• By 2030: 12,743 · -4.4%
• By 2040: 11,441 · -14.2%
• By 2050: 10,114 · -24.1%
• By 2075: 7,372 · -44.7%
• By 2100: 5,000 · -62.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 9% Hispanic / Latino 2%
• Common ancestry: Serbian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 0%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+57.2) · D 20.7% · R 77.9% · Other 1.4%
• 2008→2024 swing: -43.0pp toward R · 2008: -14.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.5 2016: R+55.9 2012: R+31.6 2008: R+14.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.72%
• Current HPI: 118.4464
• 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

+180.0% since first listed

8 events — show timeline

• 2026-03-22 Price Changed $140,000 MARIS as Distributed by MLS Grid
• 2025-11-25 Relisted — MARIS as Distributed by MLS Grid
• 2025-09-05 Relisted — MARIS as Distributed by MLS Grid
• 2025-07-14 Contingent — MARIS as Distributed by MLS Grid
• 2025-05-27 Listed $149,900 MARIS as Distributed by MLS Grid
• 2025-05-24 Listed $149,900 MARIS as Distributed by MLS Grid
• 2024-05-15 Sold (Public Records) $115,000 Public Records
• 2014-02-07 Sold (Public Records) $50,000 Public Records

Property tax history

+9.4%/yr

Latest (2024): $1,148 · +5.9% YoY. Source: county tax records.