1107 24th Ave · Bellwood, IL 60104

$220,000

3 bd · 1.5 ba · 1,272 sqft · SingleFamily public records · 142 Days on market

Built 1950 4,617 sqft lot Est $296k · 26% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.5/30.0
• 1% rule +5.5/10.0
• DSCR +4.4/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming 3-bedroom, 1.5-bathroom 1.5-story brick home with a rich history - same owner for nearly 40 years! This well-maintained home boasts hardwood floors beneath the carpet, offering potential for a beautiful upgrade. The spacious full semi-finished basement is ready for your creative touch, providing endless possibilities for additional living space. Conveniently located near shopping and dining options, this home offers a fantastic blend of comfort, potential, and prime location. Don't miss out on this wonderful opportunity!

Key facts

• Prime location
• Hardwood floors
• 4,617 sq ft lot

Tags

• HARDWOOD FLOORS
• SEMI-FINISHED BASEMENT
• PRIME LOCATION

Property features AI

Finance

• Other: Not currently leased; Possession at closing
• HOA & community: No master association fees required

Exterior

• Parking: Detached garage (owned) with concrete surface; Two garage spaces, two total parking spaces
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built approximately 71–80 years ago; Property built before 1978
• Exterior features: Fenced yard; Lot dimensions approximately 134 x 35; Lot is less than 0.25 acre; Interstate access nearby

Interior

• Kitchen: Kitchen with eating area/table space (11 x 9)
• Bedrooms: Three bedrooms total; Primary bedroom on second floor (13 x 15); Second bedroom on second floor (13 x 12); Third bedroom on main level (11 x 10)
• Bathrooms: One full bath; One half bath; Basement contains a bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Seven total rooms; Partially finished full basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $48 ($577/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 5.3% in Bellwood — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 77/100 on livability (#155 in IL, #2,847 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D+, amenities F.
• Proviso Twp Hsd 209 (suburban): math 12% / reading 17% proficiency, ranked #507 of 620 in IL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Thurgood Marshall Elem School (239 students, 0% FRL); Roosevelt Middle School (695 students, 0% FRL); Proviso West High School (math 6% / reading 11%, grade F, #584 of 693 statewide, top 85%, 1,868 students, 0% FRL).
• Market conditions: 43 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 142 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts; this cycle's ask is 7% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $193,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.05% ✓
• Cap rate: 6.56%
• Cash-on-cash: 0.94%
• DSCR: 1.04
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $296,376
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1433 S 21st Ave	0.20mi	3/2.0	1,226 (-4%)	1mo	$290,000	$237	82
1925 S 22nd Ave	0.33mi	3/2.0	1,260 (-1%)	2mo	$345,000	$274	79
1615 S 20th Ave	0.26mi	2/2.0 (-1)	1,260 (-1%)	3mo	$263,000	$209	77
2111 S 24th Ave	0.52mi	3/2.0	1,286 (+1%)	2mo	$300,000	$233	70
1037 24th Ave	0.06mi	2/1.0 (-1)	1,106 (-13%)	2mo	$215,000	$194	67
1124 31st Ave	0.48mi	4/1.0 (+1)	1,224 (-4%)	2mo	$255,000	$208	62
1911 S 18th Ave	0.47mi	4/1.0 (+1)	1,340 (+5%)	1mo	$130,000	$97	61
2023 S 23rd Ave	0.44mi	3/2.5	1,396 (+10%)	3mo	$324,900	$233	56
2247 S 21st Ave	0.74mi	3/1.5	1,176 (-8%)	1mo	$295,000	$251	52
745 Manchester Ave	0.52mi	3/2.0	1,100 (-14%)	0mo	$339,000	$308	51
1844 S 13th Ave	0.70mi	3/1.5	1,404 (+10%)	1mo	$177,000	$126	49
2036 S 15th Ave	0.70mi	3/1.0	1,153 (-9%)	1mo	$257,500	$223	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.7%
• Equity multiple: 0.47×
• Total profit: $-32,398
• Equity at exit: $32,803

10-year hold

• IRR: -5.9%
• Equity multiple: 0.62×
• Total profit: $-23,497
• Equity at exit: $19,022

Cash invested: $61,600 (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 60104

• Active inventory: 43
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,306 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$528 /mo · $6,335/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$484
• Net cashflow: $48

Break-even live

Break-even rent $2,245

Max offer price $220,000

Occupancy floor 93%

Sensitivity live

Price	-10% $173	-5% $110	+0% $48	+5% $-14	+10% $-76
Rent	-10% $-134	-5% $-43	+0% $48	+5% $139	+10% $230
Rate	-1.0pp $159	-0.5pp $104	base $48	+0.5pp $-9	+1.0pp $-67

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
723 Manchester Ave Westchester, IL	3.0	2.0	1151	$2,721	$2.36	26d	1	0.49mi
624 Norfolk Ave Unit 1237891P Westchester, IL	3.0	2.0	1646	$12,991	$7.89	23d	1	0.55mi
1814 Warren St Maywood, IL	3.0	1.0	1200	$2,500	$2.08	12d	1	0.59mi
1814 Warren St Unit 2W Maywood, IL	3.0	1.0	1200	$2,500	$2.08	0d	1	0.59mi
2416 W Roosevelt Rd Apt 1S Broadview, IL	2.0	1.0	884	$1,475	$1.67	26d	1	0.65mi
1104 Rice Ave Bellwood, IL	2.0	1.0	995	$1,725	$1.73	24d	1	0.65mi
2040 16th Ave Unit 2C Broadview, IL	2.0	1.0	900	$1,595	$1.77	15d	1	0.71mi
1013 Bellwood Ave Unit 2W Bellwood, IL	2.0	1.0	925	$1,850	$2.00	22d	1	0.81mi
631 Balmoral Ave Westchester, IL	2.0	1.0	903	$2,100	$2.33	26d	1	0.92mi
218 S 13th Ave Unit 2 Maywood, IL	2.0	1.0	1050	$1,650	$1.57	7d	1	1.07mi
1215 Balmoral Ave Unit 1 Westchester, IL	3.0	1.5	1500	$2,750	$1.83	26d	1	1.12mi
1215 Balmoral Ave Unit 2 Westchester, IL	3.0	1.5	1500	$2,950	$1.97	17d	1	1.12mi
1610 S 4th Ave Maywood, IL	3.0	2.5	1754	$4,500	$2.57	0d	1	1.25mi
903 S 5th Ave Unit 2D Maywood, IL	3.0	2.0	1008	$2,100	$2.08	0d	1	1.29mi
410 School St Unit 1B Maywood, IL	3.0	2.0	1218	$2,200	$1.81	0d	1	1.30mi
422 Granville Ave Hillside, IL	3.0	1.0	1194	$2,441	$2.04	0d	1	1.35mi

Listing history 29 events

1. 2026-06-21
   days on market $220,000 Active 142 DOM
2. 2026-06-18
   days on market $220,000 Active 139 DOM
3. 2026-06-17
   days on market $220,000 Active 138 DOM
4. 2026-06-16
   days on market $220,000 Active 137 DOM
5. 2026-06-15
   days on market $220,000 Active 136 DOM
6. 2026-06-13
   days on market $220,000 Active 134 DOM
7. 2026-06-13
   statusdays on market $220,000 Active 133 DOM
8. 2026-06-10
   status $220,000 Contingent - Continue to Show 130 DOM
9. 2026-06-09
   days on market $220,000 Active 130 DOM
10. 2026-06-08
    days on market $220,000 Active 129 DOM
11. 2026-06-07
    days on market $220,000 Active 128 DOM
12. 2026-06-04
    days on market $220,000 Active 125 DOM
13. 2026-06-03
    days on market $220,000 Active 124 DOM
14. 2026-06-02
    days on market $220,000 Active 123 DOM
15. 2026-06-01
    days on market $220,000 Active 122 DOM
16. 2026-05-31
    days on market $220,000 Active 121 DOM
17. 2026-03-13
    status Active
18. 2026-03-10
    historical Contingent - Continue to Show
19. 2026-03-04
    status Active
20. 2026-03-04
    price $220,000
21. 2026-02-28
    historical Contingent - Continue to Show
22. 2026-01-30
    listed $205,000 Active
23. 2025-10-31
    historical
24. 2025-10-07
    price
25. 2025-06-04
    status Active
26. 2025-04-10
    historical
27. 2025-04-10
    status Temporarily No Showings
28. 2025-04-08
    historical
29. 2025-04-04
    listed Active

ⓘ 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: $6,335 · $528/mo
• Projected year-2 tax: $6,335 · $528/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,666
• − Mortgage interest: −$12,323
• − Property taxes: −$6,335
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,213
• − Management: −$2,213
• − Depreciation: −$6,400
• Taxable loss: −$2,919
• Est. tax savings @ 24.0%: +$701
• After-tax cash flow: $1,277/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: Proviso Twp Hsd 209
• NCES district ID: 1732910
• Math proficiency: 12% ▼ -4.00%
• Reading proficiency: 17% ▼ -3.00%
• Median HH income: $51,744
• Composite: 13.5/100
• National rank: #9518
• State rank: #507 of 620 in IL

Livability — Bellwood

• Score: 77/100
• State rank: #155
• US rank: #2847

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bellwood, IL
• City population: 18,390
• Population (ZIP): 18,390

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 (70%)
• Race & ethnicity: Black 70% Hispanic / Latino 23% Two or more races 7% White 4% Asian 1%
• Hispanic origin (detail): Mexican 18% Puerto Rican 4%
• Common ancestry: Romanian 1%
• Foreign-born: 10% · Canada
• Languages at home: 78% English-only · Spanish 20% 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: ▼ -212.49%
• Current HPI: 290.8215
• 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

+7.3% since first listed

13 events — show timeline

• 2026-03-13 Relisted — MRED as Distributed by MLS Grid
• 2026-03-10 Contingent — MRED as Distributed by MLS Grid
• 2026-03-04 Relisted — MRED as Distributed by MLS Grid
• 2026-03-04 Price Changed $220,000 MRED as Distributed by MLS Grid
• 2026-02-28 Contingent — MRED as Distributed by MLS Grid
• 2026-01-30 Listed $205,000 MRED as Distributed by MLS Grid
• 2025-10-31 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-07 Price Changed — MRED as Distributed by MLS Grid
• 2025-06-04 Relisted — MRED as Distributed by MLS Grid
• 2025-04-10 Listing Removed — MRED as Distributed by MLS Grid
• 2025-04-10 Relisted — MRED as Distributed by MLS Grid
• 2025-04-08 Listing Removed — MRED as Distributed by MLS Grid
• 2025-04-04 Listed — MRED as Distributed by MLS Grid

Property tax history

+3.0%/yr

Latest (2023): $6,335 · +29.2% YoY. Source: county tax records.