310 5th Ave · Kewanee, IL 61443

$19,700

3 bd · 1.0 ba · 1,287 sqft · SingleFamily public records · 51 Days on market

Built 1892 9,583 sqft lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Shabby Handyman Special! If you want to start your remodel with a shovel this is the house for you. Currently occupied so Drive-By viewing only. Cash is King. Call today.

Key facts

• 9,583 sq ft lot
• Built 1892
• Listed 50 days

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Facing direction not provided; Entry level details not provided
• Construction: Vinyl siding exterior; Brick/mortar foundation; Asphalt roof; Property over 100 years old; Built before 1978
• Exterior features: Level lot; Lot dimensions approximately 60 x 156; Lot less than 0.25 acre

Interior

• Kitchen: Kitchen on main level (14 x 11)
• Bedrooms: Three bedrooms total; Master bedroom on main level (13 x 10); Second bedroom on second level (14 x 12); Third bedroom on second level (14 x 13)
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Natural gas heat
• Interior features: Six total rooms; Unfinished partial basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $787 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Recommended offer: $19k (3.0% below list) — sets the bar for market timing.
• Cap rate 54.2% vs local median 8.6% in Kewanee — 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 69/100 on livability (#409 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime D-, amenities F, commute F.
• Kewanee CUSD 229 (town): math 8% / reading 20% proficiency, ranked #540 of 620 in IL (top 87%) — 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: Belle Alexander Elem School (254 students, 0% FRL); Central Elem (math 5% / reading 15%, grade F, #583 of 665 statewide, top 89%, 344 students, 0% FRL); Kewanee High School (math 8% / reading 17%, grade F, #506 of 693 statewide, top 74%, 581 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: 39 active listings in the ZIP; 32 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $136 of loan paydown is wiped out by about $591 of value loss. Plan a longer hold.
• Henry County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($19k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1892 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $19,109 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1892 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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?
6. 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?
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: 5.93% ✓
• Cap rate: 54.22%
• Cash-on-cash: 171.18%
• DSCR: 8.62
• GRM: 1.4

CMA / ARV

• ARV (on-the-fly): $86,229
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
517 W 1st St	0.23mi	3/3.0	1,263 (-2%)	7mo	$119,000	$94	72
216 N Boss St St	0.25mi	4/2.0 (+1)	1,255 (-2%)	5mo	$103,000	$82	71
422 Ross St	0.44mi	3/1.0	1,200 (-7%)	2mo	$64,900	$54	67
1111 Pine St	0.44mi	2/1.0 (-1)	1,360 (+6%)	2mo	$34,000	$25	64
521 W Mill St	0.66mi	2/1.0 (-1)	1,300 (+1%)	1mo	$145,000	$112	61
213 Elliott St	0.28mi	3/2.0	1,170 (-9%)	8mo	$55,000	$47	61
216 Hillcrest Dr	0.69mi	3/1.5	1,252 (-3%)	7mo	$84,000	$67	55
216 Hillcrest Dr	0.69mi	3/1.5	1,252 (-3%)	7mo	$84,000	$67	55
323 S Chestnut St	0.38mi	3/1.0	1,098 (-15%)	8mo	$67,500	$61	51
206 Roosevelt Ave	0.72mi	2/1.5 (-1)	1,317 (+2%)	6mo	$112,000	$85	51
410 Ross St	0.41mi	4/1.0 (+1)	1,114 (-13%)	8mo	$33,000	$30	47
237 Birch Pl	0.74mi	3/2.0	1,440 (+12%)	0mo	$240,000	$167	42

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: —
• Equity multiple: 9.51×
• Total profit: $46,941
• Equity at exit: $2,937

10-year hold

• IRR: —
• Equity multiple: 20.12×
• Total profit: $105,478
• Equity at exit: $1,703

Cash invested: $5,516 (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 61443

• Active inventory: 39
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,168 medium
• Mortgage (P&I): −$103
• Tax est. 1.5%: −$25 /mo · $296/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $787

Break-even live

Break-even rent $172

Max offer price $19,700

Occupancy floor 28%

Sensitivity live

Price	-10% $800	-5% $794	+0% $787	+5% $780	+10% $773
Rent	-10% $695	-5% $741	+0% $787	+5% $833	+10% $879
Rate	-1.0pp $797	-0.5pp $792	base $787	+0.5pp $782	+1.0pp $777

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: $4,925
• Closing costs: $591
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-22
   days on market $19,700 Active 51 DOM
2. 2026-06-21
   days on market $19,700 Active 50 DOM
3. 2026-06-21
   days on market $19,700 Active 49 DOM
4. 2026-06-18
   days on market $19,700 Active 47 DOM
5. 2026-06-17
   days on market $19,700 Active 46 DOM
6. 2026-06-16
   days on market $19,700 Active 45 DOM
7. 2026-06-15
   days on market $19,700 Active 44 DOM
8. 2026-06-13
   days on market $19,700 Active 42 DOM
9. 2026-06-12
   remarks 171-char remark
10. 2026-06-12
    listed $19,700 Active 41 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥103°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: $14,020
• − Mortgage interest: −$1,104
• − Property taxes: −$296
• − Insurance: −$98
• − Repairs & maintenance: −$1,122
• − Management: −$1,122
• − Depreciation: −$573
• Taxable income: $9,706
• Est. tax owed @ 24.0%: −$2,330
• After-tax cash flow: $7,113/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: Kewanee CUSD 229
• NCES district ID: 1721000
• Math proficiency: 8% ▼ -8.00%
• Reading proficiency: 20% ▼ -12.00%
• Median HH income: $38,294
• Composite: 11.77/100
• National rank: #9682
• State rank: #540 of 620 in IL

Livability — Kewanee

• Score: 69/100
• State rank: #409
• US rank: #8423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kewanee, IL
• Population (ZIP): 13,529

Population outlook (Henry County) Hauer SSP2

• Today (2025): 47,376 people
• By 2030: 45,920 · -3.1%
• By 2040: 42,829 · -9.6%
• By 2050: 39,606 · -16.4%
• By 2075: 31,848 · -32.8%
• By 2100: 23,503 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 11% Black 6% Two or more races 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Romanian 4% English 3% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Henry

• 2024 margin: Strong R (+24.5) · D 36.8% · R 61.3% · Other 1.9%
• 2008→2024 swing: -32.2pp toward R · 2008: 7.7pp · 2024: -24.5pp
• All cycles: 2024: R+24.5 2020: R+21.4 2016: R+21.2 2012: D+3.1 2008: D+7.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.32%
• Current HPI: 121.8672
• 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

Property tax history

+2.2%/yr

Latest (2025): $1,472 · +3.9% YoY. Source: county tax records.