4924 S Lorel Ave · Chicago, IL 60638

$139,900

3 bd · 1.0 ba · 1,088 sqft · SingleFamily public records · 24 Days on market

Built 1944 3,780 sqft lot

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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
• Livability +3.9/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Handy rehab opportunity - good bones for a fixer upper. Prefer cash buyer or line-of-credit.

Key facts

• 3,780 sq ft lot
• 2 garage spots
• Built 1944

Property features AI

Finance

• Other: Property taxed (most recent tax information available); Possession at closing
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with 2 garage spaces; Garage owned with garage door opener; Off-alley parking (total 2 spaces)
• Utilities: Lake Michigan and public water available; Public sewer; Electric service with circuit breakers
• Home design: Detached single-family home; 2 stories; Fee simple ownership; Commuter bus and interstate access nearby; Unincorporated township (Stickney)
• Construction: Built approximately 81–90 years ago; Aluminum siding; Asphalt roof; Not rebuilt or rehabbed
• Exterior features: Sidewalks; Street lights; Paved streets; Lot dimensions approximately 30 x 126; Lot under 0.25 acre

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms (master bedroom on main level, other bedrooms on main and second levels)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced air heating
• Interior features: 5 total rooms; Interior attic access via stair; Crawl space basement
• Laundry & utility: In-unit laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $736 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 78/100 on livability (#138 in IL, #2,507 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Reavis Twp Hsd 220 (suburban): math 18% / reading 21% proficiency, ranked #420 of 620 in IL (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.3%/yr); 11 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 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 $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 1.3% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $140k implies a 366% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1944 — 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 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?
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: 1.60% ✓
• Cap rate: 12.61%
• Cash-on-cash: 22.54%
• DSCR: 2.00
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $286,144
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4901 S Lorel Ave	0.06mi	3/1.0	1,120 (+3%)	1mo	$285,000	$254	91
4857 S Lorel Ave	0.08mi	3/1.0	1,050 (-4%)	2mo	$255,000	$243	89
4805 S Latrobe Ave	0.23mi	3/2.0	1,080 (-1%)	0mo	$310,000	$287	84
4737 S Leamington Ave	0.37mi	3/1.0	1,092 (+0%)	1mo	$241,500	$221	81
4744 S Lorel St	0.24mi	3/1.5	1,126 (+4%)	1mo	$230,000	$204	81
5123 S Lotus Ave	0.26mi	3/2.0	1,040 (-4%)	2mo	$340,000	$327	75
5024 S Lockwood Ave	0.14mi	4/1.5 (+1)	1,012 (-7%)	2mo	$243,000	$240	73
4727 S Lavergne Ave	0.54mi	4/2.0 (+1)	1,067 (-2%)	2mo	$300,000	$281	61
5255 S Menard Ave	0.68mi	2/1.0 (-1)	1,100 (+1%)	1mo	$280,000	$255	60
5113 S Mayfield Ave	0.70mi	2/1.0 (-1)	1,056 (-3%)	1mo	$305,000	$289	57
4412 S Leamington Ave	0.71mi	3/1.5	988 (-9%)	1mo	$320,000	$324	49
4452 S Lawler Ave	0.70mi	3/2.0	1,008 (-7%)	3mo	$265,000	$263	49

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 · 1.32% rent growth · sell at horizon

5-year hold

• IRR: 13.4%
• Equity multiple: 1.52×
• Total profit: $20,548
• Equity at exit: $20,860

10-year hold

• IRR: 20.9%
• Equity multiple: 2.63×
• Total profit: $63,764
• Equity at exit: $12,096

Cash invested: $39,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 13 Strongly Tenant-Friendly
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City Chicago: 13 Strongly Tenant-Friendly · D+30

RTLO 60-day notice + Fair Notice Ordinance; cook county sheriff slow.

Methodology + full state rankings →

ZIP-level market 60638

• Rents YoY: 1.3%
• Active inventory: 11
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,243 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$244 /mo · $2,925/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $736

Break-even live

Break-even rent $1,311

Max offer price $139,900

Occupancy floor 62%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4824 S Lotus Ave Unit G Chicago, IL	2.0	1.0	750	$1,400	$1.87	4d	1	0.17mi

Listing history 27 events

1. 2026-06-18
   days on market $139,900 Active 24 DOM
2. 2026-06-17
   days on market $139,900 Active 23 DOM
3. 2026-06-16
   days on market $139,900 Active 22 DOM
4. 2026-06-15
   days on market $139,900 Active 21 DOM
5. 2026-06-13
   days on market $139,900 Active 19 DOM
6. 2026-06-13
   days on market $139,900 Active 18 DOM
7. 2026-06-09
   days on market $139,900 Active 15 DOM
8. 2026-06-08
   days on market $139,900 Active 14 DOM
9. 2026-06-07
   pricedays on market $139,900 Active 13 DOM
10. 2026-06-04
    days on market $149,900 Active 10 DOM
11. 2026-06-03
    days on market $149,900 Active 9 DOM
12. 2026-06-02
    days on market $149,900 Active 8 DOM
13. 2026-06-01
    days on market $149,900 Active 7 DOM
14. 2026-05-31
    days on market $149,900 Active 6 DOM
15. 2026-05-25
    listed $149,900 Active
16. 2026-05-15
    historical
17. 2026-03-27
    listed Active
18. 2025-10-23
    historical Contingent - Continue to Show
19. 2025-10-20
    historical
20. 2025-09-22
    status Active
21. 2025-09-22
    price
22. 2025-09-17
    historical Contingent - Continue to Show
23. 2025-07-27
    listed Active
24. 2025-07-26
    historical
25. 2025-05-16
    price
26. 2025-04-08
    listed Active
27. 1988-03-01
    soldstatus $30,000

ⓘ 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: $2,925 · $244/mo
• Projected year-2 tax: $3,050 · $254/mo
• Expected delta: +$125/yr (+$10/mo · 4.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 51% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,911
• − Mortgage interest: −$7,837
• − Property taxes: −$2,925
• − Insurance: −$700
• − Repairs & maintenance: −$2,153
• − Management: −$2,153
• − Depreciation: −$4,070
• Taxable income: $7,074
• Est. tax owed @ 24.0%: −$1,698
• After-tax cash flow: $7,133/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: Reavis Twp Hsd 220
• NCES district ID: 1733270
• Math proficiency: 18% ▼ -3.00%
• Reading proficiency: 21% ▼ -4.00%
• Median HH income: $54,732
• Composite: 17.94/100
• National rank: #8994
• State rank: #420 of 620 in IL

Livability — Chicago

• Score: 78/100
• State rank: #138
• US rank: #2507

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cook County · 4,486,803 people
• City population: 2,653,011
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 57,074
• Household income: $91,070
• Rent vs Own: 20.2% rent · 79.8% own
• Severe rent burden: 912.0

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: Majority Hispanic (60%)
• Race & ethnicity: Hispanic / Latino 60% White 36% Two or more races 21% Black 2% Native American 2%
• Hispanic origin (detail): Mexican 54% Puerto Rican 3%
• Common ancestry: Romanian 16% Scotch-Irish 1% Lithuanian 1%
• Foreign-born: 24% · Canada, China
• Languages at home: 44% English-only · Spanish 45% Russian/Polish/Slavic 9% Other Indo-European 1%

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: ▼ -276.94%
• Current HPI: 233.5662
• Rent YoY: ▲ 1.32%
• 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

+399.7% since first listed

13 events — show timeline

• 2026-05-25 Listed $149,900 MRED as Distributed by MLS Grid
• 2026-05-15 Listing Removed — MRED as Distributed by MLS Grid
• 2026-03-27 Listed — MRED as Distributed by MLS Grid
• 2025-10-23 Contingent — MRED as Distributed by MLS Grid
• 2025-10-20 Listing Removed — MRED as Distributed by MLS Grid
• 2025-09-22 Relisted — MRED as Distributed by MLS Grid
• 2025-09-22 Price Changed — MRED as Distributed by MLS Grid
• 2025-09-17 Contingent — MRED as Distributed by MLS Grid
• 2025-07-27 Listed — MRED as Distributed by MLS Grid
• 2025-07-26 Listing Removed — MRED as Distributed by MLS Grid
• 2025-05-16 Price Changed — MRED as Distributed by MLS Grid
• 2025-04-08 Listed — MRED as Distributed by MLS Grid
• 1988-03-01 Sold (Public Records) $30,000 Public Records

Property tax history

+1.6%/yr

Latest (2023): $2,925 · +148.0% YoY. Source: county tax records.