312 E Ofallon Dr · Caseyville, IL 62232

$120,000

3 bd · 2.0 ba · 1,056 sqft · SingleFamily public records · 241 Days on market

Built 1954 0.85 ac lot Est $136k · 12% under ↓ 4% since listing

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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 +19.5/30.0
• ARV discount +12.9/15.0
• 1% rule +6.7/10.0
• DSCR +6.2/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Pack your bags! This newly renovated 3 bd home with walk out basement is situated on a deep & gorgeous lot. Tons of news in this home! New flooring and baseboards throughout! New cabinets & countertops! New furnace!! New hotwater heater! Walk out Basement was completely gutted down to the studs. New walls, electric, flooring, and much more. Large family room, rec area, 2 storage rooms. 1/2 bath and separate working shower. Tons of storage! Spacious living room with entry way. Bedrooms have some attached shelving. Both bathrooms have new fixtures. Large sunroom off basement with wall of windows, new door, new flooring, and new ceiling. 1 car detached garage with attached carport and workshop. 2 separate sheds. Beautiful mature trees and tons of landscaping. This is a great find and a great price! Don't let it pass you by! Information deemed liable.

Key facts

• 0.85 acre lot
• Garage
• Built 1954

Property features AI

Finance

• Other: Above-grade finished area reported as 1,056 (source: public records); Lot size approx. 0.85 acre
• Financial info: Lease not considered; No second mortgage reported

Exterior

• Parking: Total parking for 2 vehicles; Detached garage (1-car) approximately 14.1 x 23.5; Carport with 1 space
• Utilities: Public water; Public sewer; Electric service: Ameren
• Home design: Single-family residence; One level; Private ownership; Property listed as fixer
• Construction: Vinyl siding; Architectural shingle roof
• Exterior features: Covered patio/porch; Back yard; No fencing noted; Other structures include carport(s), garage(s), and shed(s)

Interior

• Kitchen: Kitchen on main level (approx. 13x14) with microwave, electric oven, refrigerator
• Bedrooms: 3 bedrooms, all on the main level (sizes approx. 11x11; 11x10; 10x9)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom on the main level (approx. 7x5); Additional lower-level bathroom (approx. 6x6)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Microwave, Free-Standing Electric Oven, Refrigerator; Full, unfinished basement with walk-out access; 9 total rooms
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $136 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.3% in Caseyville — 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 74/100 on livability (#241 in IL, #4,389 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety C-, amenities F.
• Collinsville CUSD 10 (suburban): math 14% / reading 20% proficiency, ranked #465 of 620 in IL (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Caseyville Elementary School (math 8% / reading 12%, grade F, #1,517 of 2,056 statewide, top 78%, 321 students, 0% FRL); Collinsville Middle School (math 11% / reading 19%, grade F, #501 of 665 statewide, top 77%, 950 students, 0% FRL); Collinsville High School (math 16% / reading 21%, grade F, #427 of 693 statewide, top 62%, 1,978 students, 0% FRL) — zoned schools average 0% FRL vs 52% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 49 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 783 units permitted in St. Clair County in 2024 (378 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• St. Clair County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 241 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1954 — 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 $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 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 1954 — 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: 1.17% ✓
• Cap rate: 7.65%
• Cash-on-cash: 4.84%
• DSCR: 1.22
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $136,224
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
322 Hollywood Heights Rd	0.26mi	3/1.0	1,054 (-0%)	17mo	$154,900	$147	69
112 S First St	0.33mi	2/1.0 (-1)	1,094 (+4%)	1mo	$139,900	$128	69
251 Center Dr	0.32mi	3/1.0	1,008 (-4%)	15mo	$130,000	$129	61
106 E Ofallon Dr	0.15mi	3/1.0	1,176 (+11%)	11mo	$179,900	$153	61
105 Brookside Dr	0.17mi	2/1.0 (-1)	954 (-10%)	14mo	$65,000	$68	56
442 Hollywood Heights Rd. Rd	0.52mi	3/1.5	1,120 (+6%)	19mo	$42,000	$38	48
621 E Ofallon Dr	0.62mi	3/1.0	1,116 (+6%)	14mo	$79,500	$71	46
313 W Lincoln Ave	0.68mi	2/1.0 (-1)	984 (-7%)	10mo	$155,000	$158	39
436 S 5th St	0.72mi	3/1.0	962 (-9%)	12mo	$129,900	$135	38
212 W Washington St	0.58mi	2/2.0 (-1)	1,152 (+9%)	20mo	$79,500	$69	36
28 Weinel Ct	0.64mi	3/1.0	925 (-12%)	14mo	$150,000	$162	34
450 S 4th St	0.67mi	2/1.0 (-1)	1,152 (+9%)	13mo	$38,000	$33	34

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: -8.7%
• Equity multiple: 0.68×
• Total profit: $-10,703
• Equity at exit: $17,892

10-year hold

• IRR: 0.9%
• Equity multiple: 1.07×
• Total profit: $2,238
• Equity at exit: $10,375

Cash invested: $33,600 (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 62232

• Active inventory: 49
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,402 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$293 /mo · $3,511/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $136

Break-even live

Break-even rent $1,230

Max offer price $120,000

Occupancy floor 85%

Sensitivity live

Price	-10% $203	-5% $170	+0% $136	+5% $102	+10% $68
Rent	-10% $25	-5% $80	+0% $136	+5% $191	+10% $246
Rate	-1.0pp $196	-0.5pp $166	base $136	+0.5pp $104	+1.0pp $73

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
455 S 6th St Caseyville, IL	4.0	1.0	925	$1,680	$1.82	0d	1	0.78mi
626 Greenwood Pl Unit 6 Collinsville, IL	2.0	1.5	950	$950	$1.00	3d	1	1.30mi

Listing history 25 events

1. 2026-06-21
   days on market $120,000 Active 241 DOM
2. 2026-06-18
   days on market $120,000 Active 238 DOM
3. 2026-06-17
   days on market $120,000 Active 237 DOM
4. 2026-06-16
   days on market $120,000 Active 236 DOM
5. 2026-06-15
   days on market $120,000 Active 235 DOM
6. 2026-06-13
   days on market $120,000 Active 233 DOM
7. 2026-06-13
   remarks 687-char remark
8. 2026-06-13
   pricestatusdays on market $120,000 Active 232 DOM
9. 2026-06-09
   days on market $114,900 Active Under Contract 229 DOM
10. 2026-06-08
    days on market $114,900 Active Under Contract 228 DOM
11. 2026-06-07
    days on market $114,900 Active Under Contract 227 DOM
12. 2026-06-05
    days on market $114,900 Active Under Contract 224 DOM
13. 2026-06-03
    days on market $114,900 Active Under Contract 223 DOM
14. 2026-06-02
    days on market $114,900 Active Under Contract 222 DOM
15. 2026-06-01
    days on market $114,900 Active Under Contract 221 DOM
16. 2026-05-31
    days on market $114,900 Active Under Contract 220 DOM
17. 2025-12-22
    historical Active Under Contract
18. 2025-12-03
    price $114,900
19. 2025-10-24
    listed $119,900 Active
20. 2025-10-22
    historical $119,900
21. 2017-04-06
    soldstatus $112,500
22. 2017-04-04
    soldstatus Closed 886-char remark

    Show marketing remark (886 chars)

    Pack your bags! This newly renovated 3 bd home with walk out basement is situated on a deep & gorgeous lot. Tons of news in this home! New flooring and baseboards throughout! New cabinets & countertops! New furnace!! New hotwater heater! Walk out Basement was completely gutted down to the studs. New walls, electric, flooring, and much more. Large family room, rec area, 2 storage rooms. 1/2 bath and separate working shower. Tons of storage! Spacious living room with entry way. Bedrooms have some attached shelving. Both bathrooms have new fixtures. Large sunroom off basement with wall of windows, new door, new flooring, and new ceiling. 1 car detached garage with attached carport and workshop. 2 separate sheds. Beautiful mature trees and tons of landscaping. This is a great find and a great price! Don't let it pass you by! Information deemed liable.

23. 2017-03-03
    status Pending 886-char remark

    Show marketing remark (886 chars)

    Pack your bags! This newly renovated 3 bd home with walk out basement is situated on a deep & gorgeous lot. Tons of news in this home! New flooring and baseboards throughout! New cabinets & countertops! New furnace!! New hotwater heater! Walk out Basement was completely gutted down to the studs. New walls, electric, flooring, and much more. Large family room, rec area, 2 storage rooms. 1/2 bath and separate working shower. Tons of storage! Spacious living room with entry way. Bedrooms have some attached shelving. Both bathrooms have new fixtures. Large sunroom off basement with wall of windows, new door, new flooring, and new ceiling. 1 car detached garage with attached carport and workshop. 2 separate sheds. Beautiful mature trees and tons of landscaping. This is a great find and a great price! Don't let it pass you by! Information deemed liable.

24. 2017-02-11
    price $116,500 886-char remark

    Show marketing remark (886 chars)

    Pack your bags! This newly renovated 3 bd home with walk out basement is situated on a deep & gorgeous lot. Tons of news in this home! New flooring and baseboards throughout! New cabinets & countertops! New furnace!! New hotwater heater! Walk out Basement was completely gutted down to the studs. New walls, electric, flooring, and much more. Large family room, rec area, 2 storage rooms. 1/2 bath and separate working shower. Tons of storage! Spacious living room with entry way. Bedrooms have some attached shelving. Both bathrooms have new fixtures. Large sunroom off basement with wall of windows, new door, new flooring, and new ceiling. 1 car detached garage with attached carport and workshop. 2 separate sheds. Beautiful mature trees and tons of landscaping. This is a great find and a great price! Don't let it pass you by! Information deemed liable.

25. 2016-11-14
    listed $119,900 Active 886-char remark

    Show marketing remark (886 chars)

    Pack your bags! This newly renovated 3 bd home with walk out basement is situated on a deep & gorgeous lot. Tons of news in this home! New flooring and baseboards throughout! New cabinets & countertops! New furnace!! New hotwater heater! Walk out Basement was completely gutted down to the studs. New walls, electric, flooring, and much more. Large family room, rec area, 2 storage rooms. 1/2 bath and separate working shower. Tons of storage! Spacious living room with entry way. Bedrooms have some attached shelving. Both bathrooms have new fixtures. Large sunroom off basement with wall of windows, new door, new flooring, and new ceiling. 1 car detached garage with attached carport and workshop. 2 separate sheds. Beautiful mature trees and tons of landscaping. This is a great find and a great price! Don't let it pass you by! Information deemed liable.

ⓘ 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: $3,511 · $293/mo
• Projected year-2 tax: $3,511 · $293/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 · 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 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,822
• − Mortgage interest: −$6,722
• − Property taxes: −$3,511
• − Insurance: −$600
• − Repairs & maintenance: −$1,346
• − Management: −$1,346
• − Depreciation: −$3,491
• Taxable loss: −$194
• Est. tax savings @ 24.0%: +$46
• After-tax cash flow: $1,673/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: Collinsville CUSD 10
• NCES district ID: 1710650
• Math proficiency: 14% ▼ -9.00%
• Reading proficiency: 20% ▼ -7.00%
• Median HH income: $52,504
• Composite: 15.65/100
• National rank: #9288
• State rank: #465 of 620 in IL

Livability — Caseyville

• Score: 74/100
• State rank: #241
• US rank: #4389

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Caseyville, IL
• City population: 7,480
• Population (ZIP): 7,480

Population outlook (St. Clair County) Hauer SSP2

• Today (2025): 250,366 people
• By 2030: 240,511 · -3.9%
• By 2040: 217,391 · -13.2%
• By 2050: 192,699 · -23.0%
• By 2075: 140,637 · -43.8%
• By 2100: 100,499 · -59.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 18% Black 9% Two or more races 9%
• Hispanic origin (detail): Mexican 14% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Romanian 3% Portuguese 3%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · St. Clair

• 2024 margin: Lean D (+7.9) · D 53.0% · R 45.1% · Other 1.8%
• 2008→2024 swing: -14.6pp toward R · 2008: 22.4pp · 2024: 7.9pp
• All cycles: 2024: D+7.9 2020: D+8.7 2016: D+5.6 2012: D+14.5 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.21%
• Current HPI: 124.0291
• 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

-4.2% since first listed

9 events — show timeline

• 2025-12-22 Contingent — MARIS as Distributed by MLS Grid
• 2025-12-03 Price Changed $114,900 MARIS as Distributed by MLS Grid
• 2025-10-24 Listed $119,900 MARIS as Distributed by MLS Grid
• 2025-10-22 Coming Soon $119,900 MARIS as Distributed by MLS Grid
• 2017-04-06 Sold (Public Records) $112,500 Public Records
• 2017-04-04 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2017-03-03 Pending — MARIS as Distributed by MLS Grid
• 2017-02-11 Price Changed $116,500 MARIS as Distributed by MLS Grid
• 2016-11-14 Listed $119,900 MARIS as Distributed by MLS Grid

Property tax history

+17.1%/yr

Latest (2024): $3,511 · +10.5% YoY. Source: county tax records.