1593 Kenilworth Dr · Calumet City, IL 60409

$64,000

2 bd · 1.0 ba · 747 sqft · SingleFamily public records · 10 Days on market

Built 1951 4,791 sqft lot ↓ 20% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property offers 3 bedrooms, a full unfinished basement and a 2 car detached garage. Ideal choice for investors, DIY enthusiasts, or anyone looking to customize a space to their own taste. With the right vision and updates, this property can truly shine.

Key facts

• 4,791 sq ft lot
• 2 garage spots
• Built 1951

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (2 garage spaces, 2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story; Fee simple ownership; Built between 71–80 years ago; Property was built before 1978
• Construction: Brick construction
• Exterior features: Lot dimensions approximately 125 x 45; Lot less than 0.25 acre

Interior

• Kitchen: Kitchen on main level (approx. 11 x 10)
• Bedrooms: 3 bedrooms (Master bedroom on main level; two additional bedrooms on second level — approx. 15 x 13, 10 x 13, 12 x 11)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 6 total rooms; Unfinished full basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $64k.

Deal economics

• At list price, monthly cash flow is $186 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $64k).
• Cap rate 17.8% vs local median 8.2% in Calumet City — 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 71/100 on livability (#330 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, schools F, crime D-.
• Thornton Fractional Twp Hsd 215 (suburban): math 9% / reading 13% proficiency, ranked #563 of 620 in IL (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.2%/yr); 198 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $442 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $18k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 3y ago; this cycle's ask is 99900% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,000

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 2.09% ✓
• Cap rate: 17.78%
• Cash-on-cash: 41.02%
• DSCR: 2.83
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $133,713
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1538 State Line Rd	0.18mi	3/1.0 (+1)	754 (+1%)	16mo	$135,000	$179	72
434 Mulberry St	0.65mi	2/1.0	764 (+2%)	18mo	$169,000	$221	51
17115 Lorenz Ave	0.71mi	2/1.0	817 (+9%)	20mo	$138,000	$169	35
17044 Lorenz Ave	0.73mi	2/1.0	806 (+8%)	22mo	$80,000	$99	35
7217 Harrison Ave	0.72mi	3/1.0 (+1)	857 (+15%)	14mo	$200,000	$233	26

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 · 6.17% rent growth · sell at horizon

5-year hold

• IRR: 8.2%
• Equity multiple: 1.34×
• Total profit: $6,150
• Equity at exit: $9,543

10-year hold

• IRR: 21.5%
• Equity multiple: 3.29×
• Total profit: $40,999
• Equity at exit: $5,534

Cash invested: $17,920 (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 60409

• Home prices YoY: -27.6%
• Rents YoY: 6.2%
• Active inventory: 198
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,335 medium
• Mortgage (P&I): −$336
• Tax est. 1.5%: −$80 /mo · $960/yr
• Insurance: −$27
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $186

Break-even live

Break-even rent $1,100

Max offer price $64,000

Occupancy floor 81%

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: $16,000
• Closing costs: $1,920
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
230 Wildwood Rd Unit 103 Hammond, IN	1.0	1.0	750	$1,295	$1.73	24d	1	0.98mi
237 Highland St Unit 401 Hammond, IN	1.0	1.0	500	$1,020	$2.04	24d	1	1.26mi
5950 Hohman Ave Unit 416 Hammond, IN	1.0	1.0	550	$1,095	$1.99	6d	1	1.29mi
5945 Hyslop Pl Unit 204 Hammond, IN	1.0	1.0	700	$1,195	$1.71	24d	1	1.32mi

Listing history 21 events

1. 2026-06-10
   pricestatusdays on marketlisting id $64,000 Pending 10 DOM
2. 2026-06-09
   pricedays on marketlisting id $64,500 Active 117 DOM
3. 2026-06-08
   days on market $64,000 Active 10 DOM
4. 2026-06-07
   days on market $64,000 Active 9 DOM
5. 2026-06-04
   days on market $64,000 Active 6 DOM
6. 2026-06-03
   statusdays on market $64,000 Active 5 DOM
7. 2026-05-19
   status Active 258-char remark

   Show marketing remark (258 chars)

   This property offers 3 bedrooms, a full unfinished basement and a 2 car detached garage. Ideal choice for investors, DIY enthusiasts, or anyone looking to customize a space to their own taste. With the right vision and updates, this property can truly shine.

8. 2026-05-11
   status Pending

   Show marketing remark (258 chars)

   This property offers 3 bedrooms, a full unfinished basement and a 2 car detached garage. Ideal choice for investors, DIY enthusiasts, or anyone looking to customize a space to their own taste. With the right vision and updates, this property can truly shine.

9. 2026-05-11
   status Pending 258-char remark

   Show marketing remark (258 chars)

   This property offers 3 bedrooms, a full unfinished basement and a 2 car detached garage. Ideal choice for investors, DIY enthusiasts, or anyone looking to customize a space to their own taste. With the right vision and updates, this property can truly shine.

10. 2026-05-08
    price $64,000
11. 2026-05-07
    price $64,500 258-char remark

    Show marketing remark (258 chars)

    This property offers 3 bedrooms, a full unfinished basement and a 2 car detached garage. Ideal choice for investors, DIY enthusiasts, or anyone looking to customize a space to their own taste. With the right vision and updates, this property can truly shine.

12. 2026-05-06
    listed $64 Active
13. 2026-05-05
    historical
14. 2026-04-09
    price $74,500 258-char remark

    Show marketing remark (258 chars)

    This property offers 3 bedrooms, a full unfinished basement and a 2 car detached garage. Ideal choice for investors, DIY enthusiasts, or anyone looking to customize a space to their own taste. With the right vision and updates, this property can truly shine.

15. 2026-03-28
    listed Active
16. 2026-03-10
    price $79,500 258-char remark

    Show marketing remark (258 chars)

    This property offers 3 bedrooms, a full unfinished basement and a 2 car detached garage. Ideal choice for investors, DIY enthusiasts, or anyone looking to customize a space to their own taste. With the right vision and updates, this property can truly shine.

17. 2026-02-04
    listed $87,500 Active 258-char remark

    Show marketing remark (258 chars)

    This property offers 3 bedrooms, a full unfinished basement and a 2 car detached garage. Ideal choice for investors, DIY enthusiasts, or anyone looking to customize a space to their own taste. With the right vision and updates, this property can truly shine.

18. 2024-04-30
    historical
19. 2023-11-25
    price
20. 2023-10-29
    listed Active
21. 1998-09-30
    soldstatus $80,000

ⓘ 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 5/10 Major FEMA zone AE · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,022
• − Mortgage interest: −$3,585
• − Property taxes: −$960
• − Insurance: −$5,438
• − Repairs & maintenance: −$1,282
• − Management: −$1,282
• − Depreciation: −$1,862
• Taxable income: $1,614
• Est. tax owed @ 24.0%: −$387
• After-tax cash flow: $1,844/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: Thornton Fractional Twp Hsd 215
• NCES district ID: 1738940
• Math proficiency: 9% ▼ -3.00%
• Reading proficiency: 13% ▼ -3.00%
• Median HH income: $48,207
• Composite: 10.27/100
• National rank: #9793
• State rank: #563 of 620 in IL

Livability — Calumet City

• Score: 71/100
• State rank: #330
• US rank: #6552

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calumet City, IL
• County: Cook County · 4,486,803 people
• City population: 35,100
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 35,100
• Household income: $55,369
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 2415.0

Population outlook (Cook County) Hauer SSP2

• Today (2025): 5,347,519 people
• By 2030: 5,357,703 · +0.2%
• By 2040: 5,324,924 · -0.4%
• By 2050: 5,230,762 · -2.2%
• By 2075: 4,785,735 · -10.5%
• By 2100: 4,188,836 · -21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (74%)
• Race & ethnicity: Black 74% Hispanic / Latino 15% White 7% Two or more races 4%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Romanian 2%
• Foreign-born: 9% · Canada
• Languages at home: 83% English-only · Spanish 14%

Political lean MEDSL · Cook

• 2024 margin: Solid D (+42.0) · D 70.4% · R 28.4% · Other 1.2%
• 2008→2024 swing: -11.4pp toward R · 2008: 53.4pp · 2024: 42.0pp
• All cycles: 2024: D+42.0 2020: D+50.3 2016: D+53.0 2012: D+49.4 2008: D+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -75.01%
• Current HPI: 197.2137
• Rent YoY: ▲ 6.17%
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• 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

-20.0% since first listed

15 events — show timeline

• 2026-05-19 Relisted — NIRA MLS as Distributed by MLS Grid
• 2026-05-11 Pending — MRED as Distributed by MLS Grid
• 2026-05-11 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $64,000 MRED as Distributed by MLS Grid
• 2026-05-07 Price Changed $64,500 NIRA MLS as Distributed by MLS Grid
• 2026-05-06 Listed $64 MRED as Distributed by MLS Grid
• 2026-05-05 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-09 Price Changed $74,500 NIRA MLS as Distributed by MLS Grid
• 2026-03-28 Listed — MRED as Distributed by MLS Grid
• 2026-03-10 Price Changed $79,500 NIRA MLS as Distributed by MLS Grid
• 2026-02-04 Listed $87,500 NIRA MLS as Distributed by MLS Grid
• 2024-04-30 Listing Removed — MRED as Distributed by MLS Grid
• 2023-11-25 Price Changed — MRED as Distributed by MLS Grid
• 2023-10-29 Listed — MRED as Distributed by MLS Grid
• 1998-09-30 Sold (Public Records) $80,000 Public Records

Property tax history

+1.6%/yr

Latest (2023): $4,395 · +41.2% YoY. Source: county tax records.