217 N 5th Ave · Windsor, IL 61465

$109,500

5 bd · 2.0 ba · 2,819 sqft · SingleFamily · 150 Days on market

Built 1902 0.29 ac lot $39/sqft · 46% below area Est $201k · 46% 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 +18.5/30.0
• ARV discount +15.0/15.0
• 1% rule +7.4/10.0
• Appreciation +6.9/10.0
• DSCR +5.8/10.0
• Livability +3.1/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

**PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

Key facts

• Hookups for laundry
• Newer fridge
• Gas stove

Tags

• NEW LVP FLOORING
• NEWER FRIDGE
• GAS STOVE
• HUGE MASTER BEDROOM SUITE
• WASHER AND DRYER INCLUDED
• HOOKUPS FOR LAUNDRY

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $103 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#847 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools F, amenities F, commute F.
• Sherrard CUSD 200 (rural): math 29% / reading 30% proficiency, ranked #240 of 620 in IL (top 39%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 7 active listings in the ZIP; 15 units permitted in Mercer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($757 loan paydown + $4k appreciation (3.8% local appreciation)).
• Mercer County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.8% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 11y ago; this cycle's ask has dropped $76k (41%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price; built in 1902 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $96,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 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 1902 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.24% ✓
• Cap rate: 7.43%
• Cash-on-cash: 4.05%
• DSCR: 1.18
• GRM: 6.7

CMA / ARV

• ARV (median comp): $201,237
• List price: $109,500
• Delta: -45.59%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

3.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.5%
• Equity multiple: 1.80×
• Total profit: $24,681
• Equity at exit: $54,296

10-year hold

• IRR: 14.9%
• Equity multiple: 3.39×
• Total profit: $73,170
• Equity at exit: $87,843

Cash invested: $30,660 (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 61465

• Home prices YoY: 3.6%
• Active inventory: 7
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,353 medium
• Mortgage (P&I): −$574
• Tax from tax record: −$346 /mo · $4,148/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $103

Break-even live

Break-even rent $1,222

Max offer price $109,500

Occupancy floor 87%

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: $27,375
• Closing costs: $3,285
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-05-19
   historical
2. 2026-01-16
   status Active
3. 2026-01-14
   historical
4. 2026-01-08
   status Active
5. 2026-01-06
   historical
6. 2026-01-05
   historical
7. 2026-01-02
   status Active
8. 2026-01-02
   historical
9. 2025-12-31
   status Active
10. 2025-12-31
    historical
11. 2025-04-16
    price
12. 2025-02-20
    price
13. 2025-02-19
    listed Active
14. 2023-09-15
    soldstatus $145,500
15. 2023-09-14
    soldstatus $145,500 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

16. 2023-09-14
    soldstatus $145,500 Closed 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

17. 2023-08-09
    historical Under Contract 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

18. 2023-07-28
    price $149,900 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

19. 2023-05-26
    price $159,900 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

20. 2023-05-10
    status Active 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

21. 2023-04-20
    status Pending 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

22. 2023-04-12
    price $169,900 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

23. 2023-03-22
    price $174,900 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

24. 2023-03-16
    listed $149,900 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

25. 2023-03-16
    listed $185,000 Active 729-char remark

    Show marketing remark (729 chars)

    **PRICED BELOW APPRAISAL** *MOTIVATED SELLER* Beautiful home located in the heart of New Windsor. This 5 bedroom, 2 bath house has many updates including new flooring, Refrigerator (2021), Gas stove (2021). There is tons of storage, along with a very large 23 x 17 Master Bedroom, with washer and dryer. Second laundry hook-ups can be re-hooked up in the pantry. 3 first alert escape ladders. Garage is heated with extra storage. Two built in dog kennels, Basketball hoop, and swing set stay as-is, where-is. One year TMI Warranty with an accepted offer. You will not want to miss out on this one! Schedule your showing today! Per seller older portions of the roof may need some shingles to be replaced, age of roof is unknown.

26. 2021-08-06
    historical
27. 2021-08-06
    historical
28. 2015-04-22
    soldstatus $120,000
29. 2015-04-20
    soldstatus $120,000
30. 2015-04-20
    soldstatus $120,000
31. 2015-04-20
    soldstatus $120,000
32. 2015-01-26
    listed $124,900
33. 2015-01-26
    listed $124,900
34. 2015-01-26
    listed $124,900

ⓘ 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: $4,148 · $346/mo
• Projected year-2 tax: $4,148 · $346/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $16,237
• − Mortgage interest: −$6,134
• − Property taxes: −$4,148
• − Insurance: −$548
• − Repairs & maintenance: −$1,299
• − Management: −$1,299
• − Depreciation: −$3,185
• Taxable loss: −$376
• Est. tax savings @ 24.0%: +$90
• After-tax cash flow: $1,331/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: Sherrard CUSD 200
• NCES district ID: 1736180
• Math proficiency: 29% ▼ -9.00%
• Reading proficiency: 30% ▼ -16.00%
• Median HH income: $60,194
• Composite: 26.77/100
• National rank: #7129
• State rank: #240 of 620 in IL

Livability — Windsor

• Score: 62/100
• State rank: #847
• US rank: #16662

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Windsor, IL
• Population (ZIP): 1,251

Population outlook (Mercer County) Hauer SSP2

• Today (2025): 14,595 people
• By 2030: 13,846 · -5.1%
• By 2040: 12,335 · -15.5%
• By 2050: 10,893 · -25.4%
• By 2075: 8,238 · -43.6%
• By 2100: 6,111 · -58.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 8% Hispanic / Latino 4%
• Common ancestry: English 5% Serbian 1% Portuguese 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Other Asian/Pacific 2%

Political lean MEDSL · Mercer

• 2024 margin: Strong R (+27.1) · D 35.4% · R 62.5% · Other 2.2%
• 2008→2024 swing: -39.0pp toward R · 2008: 11.9pp · 2024: -27.1pp
• All cycles: 2024: R+27.1 2020: R+24.0 2016: R+20.7 2012: D+7.4 2008: D+11.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.81%
• Current HPI: 108.3507
• 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

+16.5% since first listed

34 events — show timeline

• 2026-05-19 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-16 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Relisted — MRED as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-02 Relisted — MRED as Distributed by MLS Grid
• 2026-01-02 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-31 Relisted — MRED as Distributed by MLS Grid
• 2025-12-31 Listing Removed — MRED as Distributed by MLS Grid
• 2025-04-16 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-02-20 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-02-19 Listed — RMLSA as Distributed by MLS Grid
• 2023-09-15 Sold (Public Records) $145,500 Public Records
• 2023-09-14 Sold (MLS) $145,500 RMLSA as Distributed by MLS Grid
• 2023-09-14 Sold (MLS) $145,500 MRED as Distributed by MLS Grid
• 2023-08-09 Contingent — RMLSA as Distributed by MLS Grid
• 2023-07-28 Price Changed $149,900 RMLSA as Distributed by MLS Grid
• 2023-05-26 Price Changed $159,900 RMLSA as Distributed by MLS Grid
• 2023-05-10 Relisted — RMLSA as Distributed by MLS Grid
• 2023-04-20 Pending — RMLSA as Distributed by MLS Grid
• 2023-04-12 Price Changed $169,900 RMLSA as Distributed by MLS Grid
• 2023-03-22 Price Changed $174,900 RMLSA as Distributed by MLS Grid
• 2023-03-16 Listed $185,000 RMLSA as Distributed by MLS Grid
• 2023-03-16 Listed $149,900 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2015-04-22 Sold (Public Records) $120,000 Public Records
• 2015-04-20 Sold (MLS) $120,000 MRED as Distributed by MLS Grid
• 2015-04-20 Sold (MLS) $120,000 RMLSA as Distributed by MLS Grid
• 2015-04-20 Sold (MLS) $120,000 RMLSA as Distributed by MLS Grid
• 2015-01-26 Listed $124,900 MRED as Distributed by MLS Grid
• 2015-01-26 Listed $124,900 RMLSA as Distributed by MLS Grid
• 2015-01-26 Listed $124,900 RMLSA as Distributed by MLS Grid

Property tax history

+1.5%/yr

Latest (2024): $4,148 · +11.1% YoY. Source: county tax records.