520 48th Ave · Bellwood, IL 60104

$140,400

2 bd · 1.0 ba · 792 sqft · SingleFamily public records · 10 Days on market

Built 1950 Est $233k · 40% 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 +13.6/30.0
• 1% rule +6.0/10.0
• DSCR +4.1/10.0
• 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

Listing price $140,400 Great opportunity on this ranch style home with detached 1 car garage. It offers approximately 792 square feet of living space with 2 bedrooms and 1 bathroom. Basement. Built in 1950 many repairs and updates are needed. Mold reported. Please use caution walking the property. Property sold "AS-IS" without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect prior bidding!!! Auction.

Key facts

• Garage
• Built 1950
• Listed 10 days

Property features AI

Finance

• Other: Living area per assessor
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (1 garage space, 1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Built prior to 1978 (estimated age 71–80 years)
• Construction: Vinyl siding and brick exterior
• Exterior features: Lot dimensions approximately 41 x 125 x 41 x 125; Lot smaller than 0.25 acre

Interior

• Kitchen: Kitchen on main level (11 x 10)
• Bedrooms: 2 bedrooms; Master bedroom on main level (12 x 10); Second bedroom on main level (10 x 9); Additional bedroom spaces listed
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: Unfinished full basement; 4 total rooms
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $8 ($91/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).

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: Mckinley Elem School (371 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; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $971 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $104k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,400

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
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: 1.10% ✓
• Cap rate: 6.36%
• Cash-on-cash: 0.23%
• DSCR: 1.01
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $232,848
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
241 48th Ave	0.35mi	2/1.0	816 (+3%)	1mo	$142,000	$174	78
439 46th Ave	0.18mi	3/2.0 (+1)	816 (+3%)	5mo	$240,000	$294	74
408 51st Ave	0.25mi	2/1.0	840 (+6%)	6mo	$225,000	$268	73
452 Granville Ave	0.33mi	2/1.0	800 (+1%)	18mo	$145,000	$181	68
425 N Jackson Blvd	0.29mi	2/1.0	858 (+8%)	8mo	$270,000	$315	65
410 Englewood Ave	0.47mi	2/1.0	858 (+8%)	5mo	$249,900	$291	60
1424 Jerele Ave	0.45mi	2/1.0	858 (+8%)	11mo	$280,000	$326	56
103 48th Ave	0.56mi	3/2.0 (+1)	772 (-2%)	5mo	$241,000	$312	56
4718 Butterfield Rd	0.54mi	2/1.5	858 (+8%)	4mo	$270,000	$315	55
4001 Adams St	0.71mi	2/1.0	839 (+6%)	4mo	$206,000	$246	54
1505 N Rohde Ave	0.46mi	2/1.0	858 (+8%)	19mo	$245,000	$286	49
1509 N Wolf Rd	0.65mi	2/1.0	858 (+8%)	15mo	$280,000	$326	43

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: -15.8%
• Equity multiple: 0.44×
• Total profit: $-22,095
• Equity at exit: $20,934

10-year hold

• IRR: -7.1%
• Equity multiple: 0.54×
• Total profit: $-17,923
• Equity at exit: $12,139

Cash invested: $39,312 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,541 high
• Mortgage (P&I): −$736
• Tax from tax record: −$415 /mo · $4,981/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $8

Break-even live

Break-even rent $1,531

Max offer price $140,400

Occupancy floor 95%

Sensitivity live

Price	-10% $87	-5% $47	+0% $8	+5% $-32	+10% $-72
Rent	-10% $-114	-5% $-53	+0% $8	+5% $68	+10% $129
Rate	-1.0pp $78	-0.5pp $43	base $8	+0.5pp $-29	+1.0pp $-66

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: $35,100
• Closing costs: $4,212
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
517 N Wolf Rd Unit 1F Hillside, IL	1.0	1.0	723	$1,430	$1.98	22d	1	0.56mi
4900 Butterfield Rd Unit JER & Associates 4970-223 Hillside, IL	1.0	1.0	777	$1,430	$1.84	26d	1	0.78mi
4900 Butterfield Rd Unit JER & Associates 4920-322 Hillside, IL	1.0	1.0	777	$1,430	$1.84	7d	1	0.78mi
1013 Bellwood Ave Unit 2W Bellwood, IL	2.0	1.0	925	$1,850	$2.00	22d	1	0.93mi
631 Balmoral Ave Westchester, IL	2.0	1.0	903	$2,100	$2.33	26d	1	1.08mi
25 N Hillside Ave Unit 6 Hillside, IL	1.0	1.0	700	$1,350	$1.93	26d	1	1.10mi
3108 Saint Charles Rd Unit 1B Bellwood, IL	1.0	1.0	650	$1,250	$1.92	3d	1	1.11mi
3108 Saint Charles Rd Unit 2B Bellwood, IL	2.0	1.0	750	$1,550	$2.07	26d	1	1.11mi
1104 Rice Ave Bellwood, IL	2.0	1.0	995	$1,725	$1.73	24d	1	1.12mi
5000 Harrison St Hillside, IL	1.0	1.0	650	$1,350	$2.08	8d	1	1.16mi
1941 Herbert Ave Berkeley, IL	3.0	1.0	1124	$2,500	$2.22	26d	1	1.18mi
1 Acerra Dr Hillside, IL	1.0	1.0	800	$1,325	$1.66	9d	1	1.24mi
5810 Saint Charles Rd Berkeley, IL	1.0	1.0	695	$1,395	$2.01	26d	1	1.24mi
5810 Saint Charles Rd Unit JER & Assocaties 5830-GF Berkeley, IL	2.0	1.0	914	$1,640	$1.79	9d	1	1.24mi
5810 Saint Charles Rd Apt Gd Berkeley, IL	1.0	1.0	695	$1,430	$2.06	8d	1	1.24mi
5900 Butterfield Rd Unit 9 Berkeley, IL	2.0	1.0	840	$1,400	$1.67	8d	1	1.33mi
5900 Butterfield Rd Unit 9 Berkeley, IL	2.0	1.0	840	$1,400	$1.67	5d	1	1.33mi

Listing history 8 events

1. 2026-06-13
   statusdays on market $140,400 Pending 10 DOM
2. 2026-06-09
   days on market $140,400 Auction 8 DOM
3. 2026-06-08
   days on market $140,400 Auction 7 DOM
4. 2026-06-07
   days on market $140,400 Auction 6 DOM
5. 2026-06-04
   days on market $140,400 Auction 3 DOM
6. 2026-06-03
   days on market $140,400 Auction 2 DOM
7. 2026-06-02
   remarks 531-char remark
8. 2026-06-02
   listed $140,400 Auction 1 DOM

ⓘ 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: $4,981 · $415/mo
• Projected year-2 tax: $4,981 · $415/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 5/10 Major FEMA zone X (unshaded) · 67% 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: $18,493
• − Mortgage interest: −$7,865
• − Property taxes: −$4,981
• − Insurance: −$702
• − Repairs & maintenance: −$1,479
• − Management: −$1,479
• − Depreciation: −$4,084
• Taxable loss: −$2,098
• Est. tax savings @ 24.0%: +$503
• After-tax cash flow: $595/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

+35.0% since first listed

2 events — show timeline

• 2026-06-01 Listed $140,400 MRED as Distributed by MLS Grid
• 1999-06-09 Sold (Public Records) $104,000 Public Records

Property tax history

+11.7%/yr

Latest (2023): $4,981 · +11.0% YoY. Source: county tax records.