102 E Grove St · Streator, IL 61364

$119,000

2 bd · 1.0 ba · 860 sqft · SingleFamily public records · 24 Days on market

Built 1948 7,200 sqft lot Est $104k · 14% 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 +22.1/30.0
• DSCR +7.1/10.0
• 1% rule +5.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +1.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

Key facts

• Concrete patio
• Enclosed porch
• Fenced backyard

Tags

• FENCED BACKYARD
• ENCLOSED PORCH
• CONCRETE PATIO
• FULL UNFINISHED BASEMENT
• OVERSIZED 2-CAR GARAGE

Property features AI

Finance

• Other: Parcel number available; Directions: North on Park Street, left on Grove, last house on the right
• Financial info: Property currently being leased; Disabled veteran tax exemption noted
• HOA & community: No master association fee required; Community features include sidewalks, street lights and paved streets

Exterior

• Parking: Detached garage with garage door opener (garage owned); Gravel parking; Approximately 2.5 garage/parking spaces
• Utilities: Public water; Public sewer; Electric service with circuit breakers
• Home design: Detached single-family home; One-story; Fee simple ownership; Estimated living area; Built before 1978
• Construction: Vinyl siding; Asphalt roof; Brick/mortar foundation; Approximately 71–80 years old
• Exterior features: Patio; Fenced yard; Corner lot (60 x 120)

Interior

• Kitchen: Kitchen with eating area/table space and pantry; Vinyl flooring; Plantation shutters; Refrigerator included
• Bedrooms: Main-level master bedroom (14 x 12) with carpet flooring; Main-level bedroom 2 (12 x 9) with carpet flooring; Additional enclosed porch and other bedroom spaces
• Flooring: Carpet in living areas and bedrooms; Vinyl in kitchen; Carpet in enclosed porch
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning; Circuit breaker electrical service; Ceiling fan(s)
• Interior features: First-floor bedroom; First-floor full bathroom; Partially finished basement; Four total rooms
• Laundry & utility: Main-level laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $191 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $117k (1.5% below list) — sets the bar for market timing.

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: amenities F, commute F, employment 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.
• Zoned schools: Centennial Elem School (math 13% / reading 20%, grade F, #1,224 of 2,056 statewide, top 60%, 470 students, 0% FRL); Northlawn Jr High School (math 7% / reading 14%, grade F, #580 of 665 statewide, top 88%, 617 students, 0% FRL); Streator Twp High School (math 11% / reading 19%, grade F, #462 of 693 statewide, top 68%, 809 students, 0% FRL).
• Market conditions: 85 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 82 units permitted in LaSalle County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k 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

• It's been on market 24 days — a 2% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y 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 $48k; list at $119k implies a 148% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,215 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — 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: 1.02% ✓
• Cap rate: 8.22%
• Cash-on-cash: 6.88%
• DSCR: 1.31
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $104,060
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
210 E 1st St	0.23mi	2/1.0	804 (-6%)	0mo	$82,000	$102	78
1204 N Park St	0.07mi	2/1.0	800 (-7%)	10mo	$88,000	$110	77
107 W Larue St	0.34mi	2/1.0	950 (+10%)	4mo	$115,000	$121	64
504 N Jefferson St	0.54mi	2/1.0	811 (-6%)	10mo	$189,511	$234	57
118 W 3rd St	0.41mi	2/1.0	972 (+13%)	4mo	$137,500	$141	56
118 W 3rd St	0.41mi	2/1.0	972 (+13%)	4mo	$137,500	$141	56
1603 N Sterling St	0.47mi	3/1.0 (+1)	960 (+12%)	3mo	$67,000	$70	51
120 W 3rd St	0.41mi	3/1.0 (+1)	936 (+9%)	12mo	$140,000	$150	51
1405 N Sterling St	0.35mi	2/1.5	984 (+14%)	12mo	$120,000	$122	47
602 N Monroe St	0.47mi	2/1.0	750 (-13%)	12mo	$45,000	$60	47
611 N Sterling St	0.52mi	3/1.0 (+1)	987 (+15%)	6mo	$40,000	$41	41
1607 Shaft St	0.61mi	3/1.0 (+1)	988 (+15%)	10mo	$39,000	$39	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: -5.8%
• Equity multiple: 0.79×
• Total profit: $-7,138
• Equity at exit: $17,743

10-year hold

• IRR: 3.9%
• Equity multiple: 1.28×
• Total profit: $9,380
• Equity at exit: $10,289

Cash invested: $33,320 (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: 85
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,213 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$93 /mo · $1,120/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $191

Break-even live

Break-even rent $971

Max offer price $119,000

Occupancy floor 79%

Sensitivity live

Price	-10% $258	-5% $225	+0% $191	+5% $157	+10% $124
Rent	-10% $95	-5% $143	+0% $191	+5% $239	+10% $287
Rate	-1.0pp $251	-0.5pp $221	base $191	+0.5pp $160	+1.0pp $129

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
402 S Illinois St Streator, IL	2.0	1.0	1116	$1,550	$1.39	23d	1	1.25mi

Listing history 36 events

1. 2026-06-21
   days on market $119,000 Active 24 DOM
2. 2026-06-19
   days on market $119,000 Active 22 DOM
3. 2026-06-18
   days on market $119,000 Active 21 DOM
4. 2026-06-17
   days on market $119,000 Active 20 DOM
5. 2026-06-16
   days on market $119,000 Active 19 DOM
6. 2026-06-15
   days on market $119,000 Active 18 DOM
7. 2026-06-14
   days on market $119,000 Active 16 DOM
8. 2026-06-12
   days on market $119,000 Active 15 DOM
9. 2026-06-09
   days on market $119,000 Active 12 DOM
10. 2026-06-08
    days on market $119,000 Active 11 DOM
11. 2026-06-07
    days on market $119,000 Active 10 DOM
12. 2026-06-05
    days on market $119,000 Active 7 DOM
13. 2026-06-03
    days on market $119,000 Active 6 DOM
14. 2026-06-02
    days on market $119,000 Active 5 DOM
15. 2026-06-01
    days on market $119,000 Active 4 DOM
16. 2026-05-31
    days on market $119,000 Active 3 DOM
17. 2026-05-30
    days on market $119,000 Active 2 DOM
18. 2026-05-06
    listed $119,000 Active
19. 2016-11-15
    soldstatus $47,900 Closed Sale 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

20. 2016-11-15
    soldstatus $48,000

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

21. 2016-10-25
    status Pending 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

22. 2016-09-23
    historical Contingent 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

23. 2016-05-05
    price $49,900 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

24. 2016-02-02
    price $51,000 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

25. 2015-08-31
    status Back On Market 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

26. 2015-07-21
    historical 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

27. 2015-01-22
    price $54,900 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

28. 2014-10-22
    price $57,500 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

29. 2014-07-22
    listed $59,900 New 297-char remark

    Show marketing remark (297 chars)

    Check out this move in ready 2 bedroom home. Some new windows, new siding and gutters, freshly painted and immaculately clean. Has privacy fence to lovely yard along with a patio and newer 2 car garage. Bedrooms have ample closet space plus a large bathroom with newer features. Central air too!

30. 2012-08-01
    historical
31. 2012-03-06
    price Price Change
32. 2012-02-02
    price Price Change
33. 2011-10-01
    listed New
34. 2010-07-14
    historical
35. 2010-04-13
    listed New
36. 1997-08-05
    soldstatus $35,000

ⓘ 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: $1,120 · $93/mo
• Projected year-2 tax: $1,911 · $159/mo
• Expected delta: +$791/yr (+$66/mo · 70.6%)

ⓘ 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: $14,550
• − Mortgage interest: −$6,666
• − Property taxes: −$1,120
• − Insurance: −$595
• − Repairs & maintenance: −$1,164
• − Management: −$1,164
• − Depreciation: −$3,462
• Taxable income: $380
• Est. tax owed @ 24.0%: −$91
• After-tax cash flow: $2,200/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

+240.0% since first listed

19 events — show timeline

• 2026-05-06 Listed $119,000 MRED as Distributed by MLS Grid
• 2016-11-15 Sold (MLS) $47,900 MRED as Distributed by MLS Grid
• 2016-11-15 Sold (Public Records) $48,000 Public Records
• 2016-10-25 Pending — MRED as Distributed by MLS Grid
• 2016-09-23 Contingent — MRED as Distributed by MLS Grid
• 2016-05-05 Price Changed $49,900 MRED as Distributed by MLS Grid
• 2016-02-02 Price Changed $51,000 MRED as Distributed by MLS Grid
• 2015-08-31 Relisted — MRED as Distributed by MLS Grid
• 2015-07-21 Listing Removed — MRED as Distributed by MLS Grid
• 2015-01-22 Price Changed $54,900 MRED as Distributed by MLS Grid
• 2014-10-22 Price Changed $57,500 MRED as Distributed by MLS Grid
• 2014-07-22 Listed $59,900 MRED as Distributed by MLS Grid
• 2012-08-01 Listing Removed — MRED as Distributed by MLS Grid
• 2012-03-06 Price Changed — MRED as Distributed by MLS Grid
• 2012-02-02 Price Changed — MRED as Distributed by MLS Grid
• 2011-10-01 Listed — MRED as Distributed by MLS Grid
• 2010-07-14 Listing Removed — MRED as Distributed by MLS Grid
• 2010-04-13 Listed — MRED as Distributed by MLS Grid
• 1997-08-05 Sold (Public Records) $35,000 Public Records

Property tax history

-0.5%/yr

Latest (2016): $1,120 · -5.9% YoY. Source: county tax records.