1311 Coolidge Pl · Rockford, IL 61107

$229,000

3 bd · 2.5 ba · 2,475 sqft · SingleFamily public records · 1 Days on market

Built 1970 9,148 sqft lot Est $255k · 10% 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 +23.0/30.0
• ARV discount +12.1/15.0
• DSCR +7.4/10.0
• 1% rule +6.5/10.0
• Rent growth +4.0/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS IMPRESSIVE RANCH HAS BEAUTIFUL CURB APPEAL & A GREAT FLOOR PLAN! This home boasts gorgeous hardwood floors and a beautiful renovated kitchen. You will enjoy cooking in this centralized kitchen that features plenty of hickory shaker cabinets, quartz counter tops, tile backsplash, and stainless steel appliances. The dining area and living room space are open to the kitchen and there is a cozy wood burning fireplace that ties the living space together. Sliders lead out to the newly refinished private deck in the back yard with nice landscaping, and an additional patio for relaxing or entertaining. There is a half bath attached to the master bedroom. The LL is ready to be finished and features another fireplace. Furnace & A/C new 2020, roof & gutters 2018. Radon mitigation system installed. A GREAT HOME IN A QUIET NE NEIGHBORHOOD!

Key facts

• Soft-close cabinets
• Bright living room
• Eat-in kitchen

Tags

• GORGEOUS BACKYARD
• BRIGHT LIVING ROOM
• EAT-IN KITCHEN
• SOFT-CLOSE CABINETS
• FINISHED LOWER LEVEL
• LARGE RECREATION ROOM

Property features AI

Finance

• Other: Tax annual amount reported

Exterior

• Parking: Attached 2-car garage
• Security: Security system
• Utilities: Public water; Public sewer
• Home design: Single-family residence (house); Residential property
• Construction: Brick construction; Rubber and shingle roof
• Exterior features: Above-ground private pool; Lot approximately 0.21 acre

Interior

• Kitchen: Gas cooktop; Dishwasher; Disposal; Microwave; Refrigerator
• Bathrooms: Two full bathrooms; One half bathroom; Two main-level bathrooms
• Heating & cooling: Forced-air heating; Central air conditioning
• Interior features: Two wood-burning fireplaces; Finished full basement; Water softener; Security system
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $229k.

Deal economics

• At list price, monthly cash flow is $407 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $229k).
• Cap rate 8.4% vs local median 6.1% in Rockford — 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 62/100 on livability (#876 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Rockford SD 205 (urban): math 12% / reading 16% proficiency, ranked #533 of 620 in IL (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Clifford P Carlson Elem School (math 12% / reading 12%, grade F, #1,403 of 2,056 statewide, top 71%, 347 students, 0% FRL); Eisenhower Middle School (math 9% / reading 17%, grade F, #540 of 665 statewide, top 82%, 961 students, 0% FRL); Guilford High School (math 15% / reading 28%, grade F, #345 of 693 statewide, top 50%, 2,071 students, 0% FRL) — zoned schools average 0% FRL vs 73% district-wide (73 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+5.9%/yr); 151 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 285 units permitted in Winnebago County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($79k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Winnebago County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 5.9% rent growth), your $64k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 19y 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 $168k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $229,000

Questions for the listing agent

1. Built in 1970 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.15% ✓
• Cap rate: 8.42%
• Cash-on-cash: 7.61%
• DSCR: 1.34
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $254,925
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
938 Bluecrest Dr	0.33mi	3/2.5	2,420 (-2%)	11mo	$235,000	$97	72
3834 Abbotsford Rd	0.37mi	4/2.0 (+1)	2,439 (-2%)	11mo	$235,000	$96	64
3814 Abbotsford Rd	0.38mi	4/2.5 (+1)	2,389 (-4%)	10mo	$255,000	$107	63
2020 Valley Rd	0.71mi	3/2.5	2,476 (0%)	4mo	$285,000	$115	63
1907 Edgebrook Dr	0.53mi	3/3.0	2,556 (+3%)	13mo	$290,000	$113	57
3603 Corbridge Ln	0.65mi	3/3.0	2,544 (+3%)	8mo	$215,000	$85	57
522 Sunrise Ln	0.58mi	2/1.5 (-1)	2,581 (+4%)	0mo	$255,000	$99	57
1825 Edgebrook Dr	0.55mi	3/2.0	2,280 (-8%)	6mo	$260,000	$114	54
926 Stratford Ave	0.73mi	3/2.0	2,347 (-5%)	3mo	$221,100	$94	52
1606 Roncevalles Ave	0.67mi	3/2.0	2,266 (-8%)	0mo	$265,000	$117	52
4109 Rural St	0.46mi	3/3.0	2,134 (-14%)	7mo	$220,000	$103	48
509 Wood Rd	0.58mi	3/1.5	2,200 (-11%)	8mo	$190,000	$86	44

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 · 5.92% rent growth · sell at horizon

5-year hold

• IRR: -1.2%
• Equity multiple: 0.95×
• Total profit: $-3,128
• Equity at exit: $34,145

10-year hold

• IRR: 11.5%
• Equity multiple: 2.03×
• Total profit: $65,822
• Equity at exit: $19,800

Cash invested: $64,120 (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 61107

• Home prices YoY: -20.1%
• Rents YoY: 5.9%
• Active inventory: 151
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,641 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$384 /mo · $4,604/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$555
• Net cashflow: $407

Break-even live

Break-even rent $2,127

Max offer price $229,000

Occupancy floor 80%

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5746 Berwick Pl Rockford, IL	3.0	3.0	2030	$3,000	$1.48	44d	1	1.36mi
4016 Eaton Dr Unit 1232695P Rockford, IL	3.0	3.0	1722	$4,169	$2.42	13d	1	1.47mi

Listing history 14 events

1. 2026-05-12
   status Pending
2. 2026-05-11
   listed $229,000 Active
3. 2021-06-08
   soldstatus $168,500
4. 2021-06-04
   soldstatus $168,500 Closed Sale 861-char remark

   Show marketing remark (861 chars)

   THIS IMPRESSIVE RANCH HAS BEAUTIFUL CURB APPEAL & A GREAT FLOOR PLAN! This home boasts gorgeous hardwood floors and a beautiful renovated kitchen. You will enjoy cooking in this centralized kitchen that features plenty of hickory shaker cabinets, quartz counter tops, tile backsplash, and stainless steel appliances. The dining area and living room space are open to the kitchen and there is a cozy wood burning fireplace that ties the living space together. Sliders lead out to the newly refinished private deck in the back yard with nice landscaping, and an additional patio for relaxing or entertaining. There is a half bath attached to the master bedroom. The LL is ready to be finished and features another fireplace. Furnace & A/C new 2020, roof & gutters 2018. Radon mitigation system installed. A GREAT HOME IN A QUIET NE NEIGHBORHOOD!

5. 2021-06-04
   soldstatus $168,500 861-char remark

   Show marketing remark (861 chars)

   THIS IMPRESSIVE RANCH HAS BEAUTIFUL CURB APPEAL & A GREAT FLOOR PLAN! This home boasts gorgeous hardwood floors and a beautiful renovated kitchen. You will enjoy cooking in this centralized kitchen that features plenty of hickory shaker cabinets, quartz counter tops, tile backsplash, and stainless steel appliances. The dining area and living room space are open to the kitchen and there is a cozy wood burning fireplace that ties the living space together. Sliders lead out to the newly refinished private deck in the back yard with nice landscaping, and an additional patio for relaxing or entertaining. There is a half bath attached to the master bedroom. The LL is ready to be finished and features another fireplace. Furnace & A/C new 2020, roof & gutters 2018. Radon mitigation system installed. A GREAT HOME IN A QUIET NE NEIGHBORHOOD!

6. 2021-04-28
   status Pending 861-char remark

   Show marketing remark (861 chars)

   THIS IMPRESSIVE RANCH HAS BEAUTIFUL CURB APPEAL & A GREAT FLOOR PLAN! This home boasts gorgeous hardwood floors and a beautiful renovated kitchen. You will enjoy cooking in this centralized kitchen that features plenty of hickory shaker cabinets, quartz counter tops, tile backsplash, and stainless steel appliances. The dining area and living room space are open to the kitchen and there is a cozy wood burning fireplace that ties the living space together. Sliders lead out to the newly refinished private deck in the back yard with nice landscaping, and an additional patio for relaxing or entertaining. There is a half bath attached to the master bedroom. The LL is ready to be finished and features another fireplace. Furnace & A/C new 2020, roof & gutters 2018. Radon mitigation system installed. A GREAT HOME IN A QUIET NE NEIGHBORHOOD!

7. 2021-04-23
   listed $165,000 New 861-char remark

   Show marketing remark (861 chars)

   THIS IMPRESSIVE RANCH HAS BEAUTIFUL CURB APPEAL & A GREAT FLOOR PLAN! This home boasts gorgeous hardwood floors and a beautiful renovated kitchen. You will enjoy cooking in this centralized kitchen that features plenty of hickory shaker cabinets, quartz counter tops, tile backsplash, and stainless steel appliances. The dining area and living room space are open to the kitchen and there is a cozy wood burning fireplace that ties the living space together. Sliders lead out to the newly refinished private deck in the back yard with nice landscaping, and an additional patio for relaxing or entertaining. There is a half bath attached to the master bedroom. The LL is ready to be finished and features another fireplace. Furnace & A/C new 2020, roof & gutters 2018. Radon mitigation system installed. A GREAT HOME IN A QUIET NE NEIGHBORHOOD!

8. 2021-04-23
   listed $165,000 861-char remark

   Show marketing remark (861 chars)

   THIS IMPRESSIVE RANCH HAS BEAUTIFUL CURB APPEAL & A GREAT FLOOR PLAN! This home boasts gorgeous hardwood floors and a beautiful renovated kitchen. You will enjoy cooking in this centralized kitchen that features plenty of hickory shaker cabinets, quartz counter tops, tile backsplash, and stainless steel appliances. The dining area and living room space are open to the kitchen and there is a cozy wood burning fireplace that ties the living space together. Sliders lead out to the newly refinished private deck in the back yard with nice landscaping, and an additional patio for relaxing or entertaining. There is a half bath attached to the master bedroom. The LL is ready to be finished and features another fireplace. Furnace & A/C new 2020, roof & gutters 2018. Radon mitigation system installed. A GREAT HOME IN A QUIET NE NEIGHBORHOOD!

9. 2008-01-28
   soldstatus $127,000
10. 2008-01-02
    soldstatus $127,000
11. 2007-11-12
    historical
12. 2007-10-08
    listed $130,000
13. 2004-06-29
    soldstatus $118,000
14. 1999-03-31
    soldstatus $88,000

ⓘ 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: $4,604 · $384/mo
• Projected year-2 tax: $4,901 · $408/mo
• Expected delta: +$297/yr (+$25/mo · 6.5%)

ⓘ 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 2/10 Low 7 d/yr ≥101°F today · 15 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: $31,694
• − Mortgage interest: −$12,828
• − Property taxes: −$4,604
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,536
• − Management: −$2,536
• − Depreciation: −$6,662
• Taxable income: $1,385
• Est. tax owed @ 24.0%: −$332
• After-tax cash flow: $4,546/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: Rockford SD 205
• NCES district ID: 1734510
• Math proficiency: 12% ▼ -2.00%
• Reading proficiency: 16% ▼ -3.00%
• Median HH income: $42,533
• Composite: 12.21/100
• National rank: #9649
• State rank: #533 of 620 in IL

Livability — Rockford

• Score: 62/100
• State rank: #876
• US rank: #17035

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockford, IL
• County: Winnebago County · 147,297 people
• City population: 147,297
• Metro: Rockford, IL
• Population (ZIP): 30,765
• Household income: $78,574
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 981.0

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 271,080 people
• By 2030: 260,684 · -3.8%
• By 2040: 238,405 · -12.1%
• By 2050: 216,129 · -20.3%
• By 2075: 172,882 · -36.2%
• By 2100: 135,336 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 15% Black 9% Two or more races 9% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 1%
• Common ancestry: Romanian 6% Portuguese 4% Lithuanian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 83% English-only · Spanish 11% Arabic 1% Other Indo-European 1%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 49.5% · R 49.0% · Other 1.5%
• 2008→2024 swing: -12.2pp toward R · 2008: 12.8pp · 2024: 0.6pp
• All cycles: 2024: D+0.6 2020: D+2.5 2016: R+1.2 2012: D+5.7 2008: D+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.46%
• Current HPI: 248.8598
• Rent YoY: ▲ 5.92%
• Metro: Rockford, 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

+160.2% since first listed

14 events — show timeline

• 2026-05-12 Pending — NWIAR
• 2026-05-11 Listed $229,000 NWIAR
• 2021-06-08 Sold (Public Records) $168,500 Public Records
• 2021-06-04 Sold (MLS) $168,500 MRED as Distributed by MLS Grid
• 2021-06-04 Sold (MLS) $168,500 NWIAR
• 2021-04-28 Pending — MRED as Distributed by MLS Grid
• 2021-04-23 Listed $165,000 MRED as Distributed by MLS Grid
• 2021-04-23 Listed $165,000 NWIAR
• 2008-01-28 Sold (Public Records) $127,000 Public Records
• 2008-01-02 Sold (MLS) $127,000 MRED as Distributed by MLS Grid
• 2007-11-12 Listing Removed — MRED as Distributed by MLS Grid
• 2007-10-08 Listed $130,000 MRED as Distributed by MLS Grid
• 2004-06-29 Sold (Public Records) $118,000 Public Records
• 1999-03-31 Sold (Public Records) $88,000 Public Records

Property tax history

+1.1%/yr

Latest (2024): $4,604 · +5.2% YoY. Source: county tax records.