2 Sylvan Ct · The Galena Territory, IL 61036

$289,000

4 bd · 2.5 ba · 1,856 sqft · Other · 319 Days on market

Built 1982 0.68 ac lot $156/sqft · 16% below area Est $343k · 16% under $117/mo HOA · 4% of rent

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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).

• ARV discount +14.5/15.0
• Cash flow +14.3/30.0
• DSCR +4.3/10.0
• 1% rule +4.2/10.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

Key facts

• Expansive yard space
• Remodeled kitchen
• Three season porch

Tags

• DETACHED TWO CAR GARAGE
• THREE SEASON PORCH
• REMODELED KITCHEN
• EXPANSIVE YARD SPACE
• SCENIC LAKE GALENA

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $289k.

Deal economics

• At list price, monthly cash flow is $51 ($611/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $265k (8.3% below list).
• Recommended offer: $254k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 3.3% in The Galena Territory — 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 72/100 on livability (#313 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: health & safety C-, schools D+, amenities F.
• Scales Mound CUSD 211 (rural): math 45% / reading 45% proficiency, ranked #216 of 919 in IL (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 156 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 58 units permitted in Jo Daviess County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Jo Daviess County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 319 days — a 12% lower offer ($254k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $51k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $289k implies a 478% gain — meaningful room to come down on a strong offer.

Recommended offer $254,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 319 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 0.92% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.76%
• DSCR: 1.03
• GRM: 9.1

CMA / ARV

• ARV (median comp): $342,634
• List price: $289,000
• Delta: -15.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-43,517
• Equity at exit: $43,091

10-year hold

• IRR: -6.4%
• Equity multiple: 0.59×
• Total profit: $-33,440
• Equity at exit: $24,987

Cash invested: $80,920 (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 61036

• Active inventory: 156
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,650 medium
• Mortgage (P&I): −$1,516
• Tax from tax record: −$290 /mo · $3,475/yr
• Insurance: −$120
• HOA: −$117
• Vacancy / Maint / Mgmt: −$556
• Net cashflow: $51

Break-even live

Break-even rent $2,586

Max offer price $289,000

Occupancy floor 93%

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: $72,250
• Closing costs: $8,670
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
125 Cogan Dr Galena, IL	4.0	3.0	2550	$2,650	$1.04	44d	1	0.54mi

HOA detail

• Monthly dues: $117 · $1,404/yr
• Likely covers: landscapingpoolgym

Listing history 9 events

1. 2026-05-07
   status Pending 2235-char remark

   Show marketing remark (2235 chars)

   Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

2. 2026-03-31
   price $289,000 2235-char remark

   Show marketing remark (2235 chars)

   Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

3. 2026-02-14
   price $299,000 2235-char remark

   Show marketing remark (2235 chars)

   Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

4. 2025-12-17
   price $309,000 2235-char remark

   Show marketing remark (2235 chars)

   Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

5. 2025-12-05
   status Active 2235-char remark

   Show marketing remark (2235 chars)

   Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

6. 2025-11-22
   status Pending 2235-char remark

   Show marketing remark (2235 chars)

   Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

7. 2025-11-02
   price $327,500 2235-char remark

   Show marketing remark (2235 chars)

   Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

8. 2025-06-07
   listed $339,900 Active 2235-char remark

   Show marketing remark (2235 chars)

   Bright, airy, and updated 4 bed, 2.5 bath Galena Territory rustic retreat with detached two car garage set nestled amidst the trees on park-like corner lot in a prime location between the Owners' Club and Lake Galena that offers the perfect blend of privacy, seclusion and convenience. Significant upgrades since 2019 include updated shingles, updated cement board siding, all openable windows replaced, a stunning kitchen renovation, the addition of a relaxing three-season porch and more! The open-concept main level welcomes you with a sun-drenched living room accented by soaring cathedral ceilings with a wood feature wall, rich wood flooring, a striking woodburning fireplace with stone surround, and seamless access to the three-season porch, an ideal space to unwind or entertain. The adjacent side deck is perfect for grilling and outdoor dining, or relaxing and overlooking beautiful grounds or treed backdrop. A generous dining area complements the remodeled kitchen, which boasts sleek gray soft-close cabinetry, gorgeous quartz countertops, subway tile backsplash, an eat-at breakfast bar, and newer appliances. A convenient powder room and a spacious guest bedroom with ample storage complete this level. The finished walkout lower level offers a large primary bedroom with attached full bath, two additional spacious guest bedrooms (one with direct access to the rear yard), another updated full bath with a newer vanity, and a laundry/utility room with full-size stacked washer and dryer. The exterior impresses with expansive yard space for recreation, gardening, or simply enjoying the surrounding natural beauty and beautifully wooded backdrop. The detached garage is easily accessible from front door, and the gravel drive offers ample parking. Incredible central location provides easy access to all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, scenic Lake Galena with newly built Marina and Pavilion, and miles of gorgeous paved and unpaved trails. Just minutes from Eagle Ridge Resort & Spa's 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa.

9. 2019-05-24
   soldstatus $50,000

ⓘ 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: $3,475 · $290/mo
• Projected year-2 tax: $5,018 · $418/mo
• Expected delta: +$1,543/yr (+$129/mo · 44.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,800
• − Mortgage interest: −$16,188
• − Property taxes: −$3,475
• − Insurance: −$1,445
• − Repairs & maintenance: −$2,544
• − Management: −$2,544
• − HOA: −$1,404
• − Depreciation: −$8,407
• Taxable loss: −$4,208
• Est. tax savings @ 24.0%: +$1,010
• After-tax cash flow: $1,621/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: Scales Mound CUSD 211
• NCES district ID: 1735610
• Math proficiency: 45% ▼ -5.00%
• Reading proficiency: 45% ▬ 0.00%
• Median HH income: $59,698
• Composite: 41.79/100
• National rank: #7155
• State rank: #216 of 919 in IL

Livability — The Galena Territory

• Score: 72/100
• State rank: #313
• US rank: #6203

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: The Galena Territory, IL
• Population (ZIP): 7,014

Population outlook (Jo Daviess County) Hauer SSP2

• Today (2025): 20,420 people
• By 2030: 19,405 · -5.0%
• By 2040: 17,244 · -15.6%
• By 2050: 15,357 · -24.8%
• By 2075: 11,760 · -42.4%
• By 2100: 8,355 · -59.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Romanian 7% Portuguese 3% Lithuanian 2%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Jo Daviess

• 2024 margin: R (+16.8) · D 40.8% · R 57.6% · Other 1.6%
• 2008→2024 swing: -27.3pp toward R · 2008: 10.5pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+16.5 2016: R+14.9 2012: D+1.1 2008: D+10.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -85.06%
• Current HPI: 156.4718
• 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

+478.0% since first listed

9 events — show timeline

• 2026-05-07 Pending — NWIAR
• 2026-03-31 Price Changed $289,000 NWIAR
• 2026-02-14 Price Changed $299,000 NWIAR
• 2025-12-17 Price Changed $309,000 NWIAR
• 2025-12-05 Relisted — NWIAR
• 2025-11-22 Pending — NWIAR
• 2025-11-02 Price Changed $327,500 NWIAR
• 2025-06-07 Listed $339,900 NWIAR
• 2019-05-24 Sold (Public Records) $50,000 Public Records

Property tax history

+2.5%/yr

Latest (2024): $3,475 · +4.9% YoY. Source: county tax records.