112 W Grant St · Streator, IL 61364

$155,000

3 bd · 2.0 ba · 1,108 sqft · SingleFamily public records · 14 Days on market

Built 1900 6,969 sqft lot Est $125k · 24% 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 +21.9/30.0
• DSCR +7.0/10.0
• 1% rule +5.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ranch Style- 2 bed, 1 bath home featuring a private fenced yard with private entrance and a one-car garage. Interior offers a separate dining room, select wood flooring, and washer/dryer located in the basement. Situated on a corner lot with great curb presence and plenty of potential for future updates or customization. This property also features a new roof in 2024 and Electrical updated in house and garage.

Key facts

• New lighting
• New furnace
• Fenced yard

Tags

• NEW COUNTERTOPS
• NEW LIGHTING
• NEW SHOWERS
• FENCED YARD
• NEW ROOF
• NEW FURNACE

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: 3 total parking spaces; Detached garage (owned); Driveway; Gravel parking
• Utilities: Public water; Public sewer; Electric with circuit breakers
• Home design: Detached single-family home; One-story
• Construction: Built over 100 years ago; Aluminum siding; Asphalt roof; Not rebuilt or recently rehabbed
• Exterior features: Lot roughly 101 x 69; Less than 0.25 acre lot; School bus service

Interior

• Kitchen: Range; Refrigerator; Range hood; Walk-in pantry
• Bedrooms: 3 bedrooms (all on the main level) — master bedroom with shower-only bath
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air
• Interior features: Walk-in closet(s); Kitchen/dining combo; Unfinished full basement
• Laundry & utility: Laundry room; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $245 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).

Location & tenants

• Location reads 63/100 on livability (#752 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: schools F, amenities F, commute F.
• Streator Twp Hsd 40 (town): math 11% / reading 19% proficiency, ranked #513 of 620 in IL (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 87 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 82 units permitted in LaSalle County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• LaSalle County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $65k; list at $155k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $155,000

Questions for the listing agent

1. Built in 1900 — 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. 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?
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: 1.03% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.77%
• DSCR: 1.30
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $125,204
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
112 W Grant St	0.00mi	2/1.0 (-1)	1,108 (0%)	3mo	$65,000	$59	89
910 N Bloomington St	0.05mi	3/1.5	1,020 (-8%)	3mo	$144,001	$141	80
1012 N Bloomington St	0.12mi	3/1.0	1,050 (-5%)	2mo	$100,000	$95	80
304 W Morrell St	0.18mi	2/1.0 (-1)	1,125 (+2%)	1mo	$135,000	$120	80
324 W Sumner St	0.23mi	2/1.0 (-1)	1,150 (+4%)	4mo	$97,001	$84	71
424 W Bluff St	0.42mi	2/1.0 (-1)	1,100 (-1%)	1mo	$145,000	$132	69
608 N Shabbona St	0.57mi	3/1.5	1,120 (+1%)	1mo	$120,000	$107	68
403 N Wasson St	0.54mi	3/1.0	1,078 (-3%)	1mo	$121,887	$113	66
107 W Larue St	0.10mi	2/1.0 (-1)	950 (-14%)	4mo	$115,000	$121	60
509 W Grant St	0.35mi	2/1.5 (-1)	1,268 (+14%)	1mo	$133,000	$105	52
1603 N Sterling St	0.70mi	3/1.0	960 (-13%)	3mo	$67,000	$70	39
118 W 3rd St	0.63mi	2/1.0 (-1)	972 (-12%)	4mo	$137,500	$141	38

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: -5.9%
• Equity multiple: 0.78×
• Total profit: $-9,530
• Equity at exit: $23,111

10-year hold

• IRR: 3.7%
• Equity multiple: 1.27×
• Total profit: $11,750
• Equity at exit: $13,402

Cash invested: $43,400 (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 61364

• Home prices YoY: -31.1%
• Active inventory: 87
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,599 high
• Mortgage (P&I): −$813
• Tax from tax record: −$141 /mo · $1,695/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $245

Break-even live

Break-even rent $1,289

Max offer price $155,000

Occupancy floor 80%

Sensitivity live

Price	-10% $333	-5% $289	+0% $245	+5% $201	+10% $157
Rent	-10% $119	-5% $182	+0% $245	+5% $308	+10% $371
Rate	-1.0pp $323	-0.5pp $284	base $245	+0.5pp $205	+1.0pp $164

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Kelly St Streator, IL	3.0	1.0	1280	$1,750	$1.37	8d	1	0.54mi
503 S Bloomington St Streator, IL	3.0	1.0	1200	$1,500	$1.25	25d	1	0.97mi
514 Lundy St Streator, IL	4.0	1.5	1300	$1,700	$1.31	8d	1	1.02mi
514 Lundy St Streator, IL	3.0	1.0	1174	$1,700	$1.45	4d	1	1.02mi
402 S Illinois St Streator, IL	2.0	1.0	1116	$1,550	$1.39	22d	1	1.06mi

Listing history 11 events

1. 2026-06-19
   days on market $155,000 Active 14 DOM
2. 2026-06-18
   days on market $155,000 Active 13 DOM
3. 2026-06-17
   days on market $155,000 Active 12 DOM
4. 2026-06-16
   days on market $155,000 Active 11 DOM
5. 2026-06-15
   days on market $155,000 Active 10 DOM
6. 2026-06-14
   days on market $155,000 Active 8 DOM
7. 2026-06-12
   days on market $155,000 Active 7 DOM
8. 2026-06-09
   days on market $155,000 Active 4 DOM
9. 2026-06-08
   days on market $155,000 Active 3 DOM
10. 2026-06-07
    remarks 418-char remark
11. 2026-06-07
    listed $155,000 Active 2 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: $1,695 · $141/mo
• Projected year-2 tax: $2,607 · $217/mo
• Expected delta: +$912/yr (+$76/mo · 53.8%)

ⓘ 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 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,193
• − Mortgage interest: −$8,682
• − Property taxes: −$1,695
• − Insurance: −$775
• − Repairs & maintenance: −$1,535
• − Management: −$1,535
• − Depreciation: −$4,509
• Taxable income: $460
• Est. tax owed @ 24.0%: −$111
• After-tax cash flow: $2,828/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: Streator Twp Hsd 40
• NCES district ID: 1738100
• Math proficiency: 11% ▼ -4.00%
• Reading proficiency: 19% ▼ -1.00%
• Median HH income: $43,002
• Composite: 13.07/100
• National rank: #9561
• State rank: #513 of 620 in IL

Livability — Streator

• Score: 63/100
• State rank: #752
• US rank: #15266

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Streator, IL
• County: La Salle County · 41,676 people
• City population: 17,963
• Metro: Ottawa, IL
• Population (ZIP): 17,963
• Household income: $59,060
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 450.0

Population outlook (LaSalle County) Hauer SSP2

• Today (2025): 107,080 people
• By 2030: 104,196 · -2.7%
• By 2040: 97,413 · -9.0%
• By 2050: 90,294 · -15.7%
• By 2075: 76,252 · -28.8%
• By 2100: 61,339 · -42.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 11% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · LaSalle

• 2024 margin: R (+18.5) · D 40.1% · R 58.6% · Other 1.3%
• 2008→2024 swing: -29.6pp toward R · 2008: 11.1pp · 2024: -18.5pp
• All cycles: 2024: R+18.5 2020: R+14.3 2016: R+14.4 2012: R+0.4 2008: D+11.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.28%
• Current HPI: 233.5533
• Rent YoY: —
• Metro: Ottawa, IL
• 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

+121.7% since first listed

5 events — show timeline

• 2026-06-04 Listed $155,000 MRED as Distributed by MLS Grid
• 2026-04-02 Sold (Public Records) $65,000 Public Records
• 2026-04-01 Sold (MLS) $65,000 MRED as Distributed by MLS Grid
• 2026-02-26 Contingent — MRED as Distributed by MLS Grid
• 2026-02-12 Listed $69,900 MRED as Distributed by MLS Grid

Property tax history

+10.6%/yr

Latest (2024): $1,695 · +8.1% YoY. Source: county tax records.