17609 Roosevelt Ave · Homewood, IL 60430

$150,000

2 bd · 1.0 ba · 1,413 sqft · SingleFamily public records · 85 Days on market

Built 1952 Est $256k · 41% under

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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 +27.9/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +9.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Fantastic opportunity! Bring your vision and your contractor. Fantastic oversized lot with in an excellent location near parks, dining, shopping, and transportation. Design the home you've been dreaming of. Schedule your private viewing today, don't miss out!

Key facts

• Near dining
• Near shopping
• Near parks

Tags

• OVERSIZED LOT
• EXCELLENT LOCATION
• NEAR PARKS
• NEAR DINING
• NEAR SHOPPING
• NEAR TRANSPORTATION

Property features AI

Finance

• Other: Fee simple ownership
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage (1 garage space; 1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Vinyl siding exterior; Built 71–80 years ago; Built before 1978
• Exterior features: Lot less than 0.25 acre; Lot dimensions: 9,494

Interior

• Kitchen: Kitchen on main level (approx. 10 x 10)
• Bedrooms: Two bedrooms (including a main-level master bedroom measuring 12 x 10; second bedroom on main level 10 x 10)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating
• Interior features: Five total rooms
• Laundry & utility: Main-level laundry room (approx. 8 x 10)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $461 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 6.1% in Homewood — 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 81/100 on livability (#81 in IL, #1,314 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, cost of living A+; Watch: amenities F.
• Homewood Flossmoor Chsd 233 (suburban): math 21% / reading 27% proficiency, ranked #272 of 620 in IL (top 44%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Willow School (607 students, 0% FRL); James Hart School (math 22% / reading 37%, grade F, #256 of 665 statewide, top 41%, 711 students, 0% FRL); Homewood-Flossmoor High School (math 21% / reading 27%, grade F, #304 of 693 statewide, top 44%, 2,798 students, 0% FRL).
• Market conditions: 102 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $118k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.3% of price; built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.56% ✓
• Cap rate: 9.98%
• Cash-on-cash: 13.16%
• DSCR: 1.59
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $255,753
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17554 Howe Ave	0.11mi	2/2.0	1,383 (-2%)	10mo	$250,000	$181	79
2109 Magnolia Rd	0.04mi	3/2.5 (+1)	1,563 (+11%)	8mo	$254,000	$163	63
17852 Howe Ave	0.34mi	2/1.5	1,580 (+12%)	2mo	$270,000	$171	60
17026 Bulger Ave	0.73mi	3/1.0 (+1)	1,392 (-2%)	1mo	$171,390	$123	57
17510 Western Ave	0.36mi	2/1.0	1,215 (-14%)	5mo	$130,000	$107	56
2441 Spruce Rd	0.41mi	2/1.0	1,225 (-13%)	8mo	$225,000	$184	52
17731 Larkspur Ln	0.74mi	3/2.0 (+1)	1,373 (-3%)	2mo	$280,000	$204	50
2612 175th St	0.63mi	3/1.0 (+1)	1,280 (-9%)	6mo	$98,200	$77	45
1724 Linden Rd	0.69mi	2/1.5	1,569 (+11%)	14mo	$224,500	$143	36
17720 Ashland Ave	0.68mi	3/2.0 (+1)	1,237 (-12%)	8mo	$285,000	$230	32
2614 Turtle Creek Dr	0.67mi	3/2.0 (+1)	1,258 (-11%)	14mo	$240,000	$191	30
2706 Turtle Creek Dr	0.73mi	3/2.0 (+1)	1,256 (-11%)	11mo	$229,000	$182	29

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: 3.3%
• Equity multiple: 1.13×
• Total profit: $5,279
• Equity at exit: $22,365

10-year hold

• IRR: 12.9%
• Equity multiple: 2.03×
• Total profit: $43,385
• Equity at exit: $12,969

Cash invested: $42,000 (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 60430

• Home prices YoY: -32.1%
• Active inventory: 102
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,336 high
• Mortgage (P&I): −$787
• Tax from tax record: −$536 /mo · $6,427/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $461

Break-even live

Break-even rent $1,753

Max offer price $150,000

Occupancy floor 75%

Sensitivity live

Price	-10% $546	-5% $503	+0% $461	+5% $418	+10% $376
Rent	-10% $276	-5% $368	+0% $461	+5% $553	+10% $645
Rate	-1.0pp $536	-0.5pp $499	base $461	+0.5pp $422	+1.0pp $382

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17561 Hillside Ave Homewood, IL	3.0	1.0	1174	$2,300	$1.96	0d	1	0.13mi
17561 Hillside Ave Homewood, IL	3.0	1.0	1174	$2,500	$2.13	18d	1	0.13mi
2223 Hawthorne Rd Homewood, IL	3.0	2.0	1552	$2,300	$1.48	26d	1	0.16mi
2107 171st St Unit 2107 Hazel Crest, IL	3.0	1.5	1158	$2,300	$1.99	0d	1	0.60mi
2173 171st St Hazel Crest, IL	3.0	1.5	1159	$2,350	$2.03	0d	1	0.61mi
2722 Larkspur Ln Hazel Crest, IL	3.0	1.5	1441	$2,650	$1.84	14d	1	0.79mi
2308 170th St Hazel Crest, IL	3.0	2.0	1020	$2,400	$2.35	0d	1	0.79mi
2420 183rd St Homewood, IL	2.0	1.0	1100	$1,750	$1.59	12d	1	0.91mi
16751 Crane Ave Hazel Crest, IL	3.0	1.0	1200	$1,800	$1.50	0d	1	1.05mi
17306 Holmes Ave Hazel Crest, IL	3.0	2.0	1535	$2,195	$1.43	6d	1	1.07mi
1601 183rd St Unit 1237861P Homewood, IL	3.0	1.5	1528	$8,665	$5.67	23d	1	1.13mi

Listing history 12 events

1. 2026-06-07
   days on market $150,000 Active 85 DOM
2. 2026-06-04
   days on market $150,000 Active 82 DOM
3. 2026-06-03
   days on market $150,000 Active 81 DOM
4. 2026-06-02
   days on market $150,000 Active 80 DOM
5. 2026-06-01
   days on market $150,000 Active 79 DOM
6. 2026-05-31
   days on market $150,000 Active 78 DOM
7. 2026-03-13
   listed $150,000 Active
8. 2003-05-19
   soldstatus $118,000
9. 2002-04-03
   soldstatus $103,000
10. 1998-11-09
    soldstatus $88,000
11. 1998-11-09
    soldstatus $88,000
12. 1997-08-28
    soldstatus $88,500

ⓘ 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: $6,427 · $536/mo
• Projected year-2 tax: $6,427 · $536/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 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 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,031
• − Mortgage interest: −$8,402
• − Property taxes: −$6,427
• − Insurance: −$750
• − Repairs & maintenance: −$2,242
• − Management: −$2,242
• − Depreciation: −$4,364
• Taxable income: $3,602
• Est. tax owed @ 24.0%: −$865
• After-tax cash flow: $4,663/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: Homewood Flossmoor Chsd 233
• NCES district ID: 1719560
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 27% ▼ -13.00%
• Median HH income: $83,564
• Composite: 24.42/100
• National rank: #7681
• State rank: #272 of 620 in IL

Livability — Homewood

• Score: 81/100
• State rank: #81
• US rank: #1314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homewood, IL
• City population: 19,993
• Population (ZIP): 19,993

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 0.62)
• Race & ethnicity: Black 44% White 42% Hispanic / Latino 9% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 5% Iranian 2% Italian 2%
• Foreign-born: 6% · Canada, Dominican Republic
• Languages at home: 91% English-only · Spanish 5% Russian/Polish/Slavic 1% German/W. Germanic 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: ▼ -105.00%
• Current HPI: 222.2923
• 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

+69.5% since first listed

6 events — show timeline

• 2026-03-13 Listed $150,000 MRED as Distributed by MLS Grid
• 2003-05-19 Sold (Public Records) $118,000 Public Records
• 2002-04-03 Sold (Public Records) $103,000 Public Records
• 1998-11-09 Sold (Public Records) $88,000 Public Records
• 1998-11-09 Sold (Public Records) $88,000 Public Records
• 1997-08-28 Sold (Public Records) $88,500 Public Records

Property tax history

+7.3%/yr

Latest (2023): $6,427 · -3.8% YoY. Source: county tax records.