20112 Oak Lane St #1 · Lynwood, IL 60411

$149,000

3 bd · 1.0 ba · 1,000 sqft · Condo · 8 Days on market

Built 1971 $214/mo HOA · 10% of rent

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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 +27.6/30.0
• DSCR +9.7/10.0
• 1% rule +9.4/10.0
• ARV discount +7.5/15.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully rehabbed spacious 3 bedroom 1 bath condominium, brand new white shaker kitchen , quartz countertops, new SS appliances, new floors, baseboards, newer water heater and furnace, Perfect as starter home.

Key facts

• $214 HOA
• Garage
• Built 1971

Property features AI

Finance

• HOA & community: Monthly association fee of $214; Association covers water, insurance, exterior maintenance, lawn care, and scavenger; Pets allowed (cats and dogs; size and number limits apply)

Exterior

• Parking: Attached garage (1 garage space; 1 total parking space)
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Attached single-unit condo; Fee simple ownership; Entry level 1; Unit in a 4-unit building; Estimated living area; Rehab planned in 2026
• Construction: Cedar construction; Built approximately 51–60 years ago; Property built before 1978
• Exterior features: Lot dimensions approximately 25 x 125

Interior

• Kitchen: Kitchen on main level (10 x 8) with luxury vinyl flooring
• Bedrooms: Main-level master bedroom (13 x 11) with luxury vinyl flooring; Main-level bedroom (11 x 13) with luxury vinyl flooring; Main-level bedroom (11 x 9) with luxury vinyl flooring
• Flooring: Luxury vinyl flooring throughout main living areas and bedrooms
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Open floorplan; First-floor bedroom; Window treatments (curtains/drapes)
• Laundry & utility: Main-level laundry with washer hookup (in unit) — laundry room 6 x 6

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath condo listed at $149k.

Deal economics

• At list price, monthly cash flow is $446 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Cap rate 9.9% vs local median 3.5% in Lynwood — 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 65/100 on livability (#635 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A; Watch: schools F, amenities F, commute F.
• 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 (+6.5%/yr); 224 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 41% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.5% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 19y 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 $73k; list at $149k implies a 104% gain — meaningful room to come down on a strong offer.

Recommended offer $149,000

Questions for the listing agent

1. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.44% ✓
• Cap rate: 9.88%
• Cash-on-cash: 12.83%
• DSCR: 1.57
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.48% rent growth · sell at horizon

5-year hold

• IRR: 7.1%
• Equity multiple: 1.29×
• Total profit: $12,176
• Equity at exit: $22,216

10-year hold

• IRR: 19.7%
• Equity multiple: 2.97×
• Total profit: $82,012
• Equity at exit: $12,883

Cash invested: $41,720 (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 60411

• Home prices YoY: -33.9%
• Rents YoY: 6.5%
• Active inventory: 224
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,139 medium
• Mortgage (P&I): −$781
• Tax est. 1.5%: −$186 /mo · $2,235/yr
• Insurance: −$62
• HOA: −$214
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $446

Break-even live

Break-even rent $1,574

Max offer price $149,000

Occupancy floor 74%

Sensitivity live

Price	-10% $549	-5% $497	+0% $446	+5% $395	+10% $343
Rent	-10% $277	-5% $362	+0% $446	+5% $530	+10% $615
Rate	-1.0pp $521	-0.5pp $484	base $446	+0.5pp $407	+1.0pp $368

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20104 Willow Dr Lynwood, IL	2.0	1.0	1000	$1,600	$1.60	18d	1	0.06mi
20067 Orchard Ave Lynwood, IL	3.0	1.0	1084	$2,200	$2.03	0d	1	0.08mi
20078 Monterey Ave Lynwood, IL	3.0	2.0	1128	$2,850	$2.53	0d	1	0.10mi

HOA detail condo

• Monthly dues: $214 · $2,568/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 14 events

1. 2026-05-12
   status Pending
2. 2026-05-04
   listed $149,000 Active
3. 2009-01-15
   historical
4. 2008-09-30
   listed
5. 2008-09-16
   historical
6. 2008-09-15
   status
7. 2008-08-20
   historical
8. 2008-06-24
   price
9. 2008-03-07
   listed
10. 2007-09-28
    soldstatus $73,000
11. 2007-08-23
    historical
12. 2007-08-09
    listed $75,900
13. 2007-08-08
    historical
14. 2007-02-08
    listed

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 17% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,667
• − Mortgage interest: −$8,346
• − Property taxes: −$2,235
• − Insurance: −$745
• − Repairs & maintenance: −$2,053
• − Management: −$2,053
• − HOA: −$2,568
• − Depreciation: −$4,335
• Taxable income: $3,331
• Est. tax owed @ 24.0%: −$799
• After-tax cash flow: $4,553/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 — Lynwood

• Score: 65/100
• State rank: #635
• US rank: #12997

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lynwood, IL
• County: Cook County · 4,486,803 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 52,175
• Household income: $62,073
• Rent vs Own: 34.8% rent · 65.2% own
• Severe rent burden: 1714.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 49% Hispanic / Latino 26% White 19% Two or more races 11%
• Hispanic origin (detail): Mexican 22% Puerto Rican 2%
• Common ancestry: Romanian 4% Portuguese 1% Lithuanian 1%
• Foreign-born: 12% · Canada
• Languages at home: 76% English-only · Spanish 21% Russian/Polish/Slavic 1% 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: ▼ -108.75%
• Current HPI: 212.4058
• Rent YoY: ▲ 6.48%
• 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

+96.3% since first listed

14 events — show timeline

• 2026-05-12 Pending — MRED as Distributed by MLS Grid
• 2026-05-04 Listed $149,000 MRED as Distributed by MLS Grid
• 2009-01-15 Listing Removed — MRED as Distributed by MLS Grid
• 2008-09-30 Listed — MRED as Distributed by MLS Grid
• 2008-09-16 Listing Removed — MRED as Distributed by MLS Grid
• 2008-09-15 Relisted — MRED as Distributed by MLS Grid
• 2008-08-20 Listing Removed — MRED as Distributed by MLS Grid
• 2008-06-24 Price Changed — MRED as Distributed by MLS Grid
• 2008-03-07 Listed — MRED as Distributed by MLS Grid
• 2007-09-28 Sold (MLS) $73,000 MRED as Distributed by MLS Grid
• 2007-08-23 Listing Removed — MRED as Distributed by MLS Grid
• 2007-08-09 Listed $75,900 MRED as Distributed by MLS Grid
• 2007-08-08 Listing Removed — MRED as Distributed by MLS Grid
• 2007-02-08 Listed — MRED as Distributed by MLS Grid