3728 Chicago Rd · Steger, IL 60475

$107,000

3 bd · 1.0 ba · 1,303 sqft · Other public records · 10 Days on market

Built 1900

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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 +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

HANDY MAN SPECIAL! This 3 Bedroom 1 Bath Home is being sold "As-Is" and includes a 1-car detached Garage. Seller will not furnish Survey or Termite Inspection. Come take a look today!

Key facts

• Rear mudroom
• Large walk-in pantry
• Garage

Tags

• LARGE PRIVATE BACKYARD
• SPACIOUS MAIN LIVING AREA
• DEDICATED BREAKFAST AREA
• LARGE WALK-IN PANTRY
• REAR MUDROOM
• DESIGNATED LAUNDRY AREA

Property features AI

Finance

• Other: Immediate possession; Listing brokerage: eXp Realty
• 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; 1.5-story design; Fee simple ownership; Property is over 100 years old; Built before 1978
• Construction: Aluminum siding
• Exterior features: Lot under 0.25 acre; Lot dimensions listed as 5227

Interior

• Kitchen: Kitchen (Main level, 12 x 9)
• Bedrooms: Master bedroom (Second level, 20 x 11); Bedroom (Main level, 10 x 8); Bedroom 2 (Main level, 9 x 9); Bedroom 3 (Main level, 9 x 9)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Crawl space basement; Mud room; Dining room; Family room; Living room
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $107k.

Deal economics

• At list price, monthly cash flow is $476 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $107k).
• Cap rate 11.6% vs local median 5.1% in Steger — 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 67/100 on livability (#498 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, health & safety D+, amenities F.
• Bloom Twp Hsd 206 (suburban): math 8% / reading 9% proficiency, ranked #591 of 620 in IL (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Steger Intermediate Center (math 2% / reading 8%, grade F, #1,741 of 2,056 statewide, top 93%, 446 students, 0% FRL); Columbia Central School (math 7% / reading 17%, grade F, #562 of 665 statewide, top 86%, 616 students, 0% FRL); Bloom Trail High School (math 12% / reading 12%, grade F, #511 of 693 statewide, top 75%, 1,227 students, 0% FRL).
• Market conditions: 43 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 2,028 units permitted in Will County in 2024 (530 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $740 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Will County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $30k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 16y ago; this cycle's ask has dropped $43k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.6% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $107,000

Questions for the listing agent

1. Built in 1900 — 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. 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: 1.76% ✓
• Cap rate: 11.63%
• Cash-on-cash: 19.06%
• DSCR: 1.85
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 11.1%
• Equity multiple: 1.44×
• Total profit: $13,168
• Equity at exit: $15,954

10-year hold

• IRR: 20.2%
• Equity multiple: 2.71×
• Total profit: $51,299
• Equity at exit: $9,251

Cash invested: $29,960 (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 60475

• Active inventory: 43
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,888 medium
• Mortgage (P&I): −$561
• Tax from tax record: −$410 /mo · $4,920/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $476

Break-even live

Break-even rent $1,286

Max offer price $107,000

Occupancy floor 70%

Sensitivity live

Price	-10% $826	-5% $506	+0% $476	+5% $446	+10% $415
Rent	-10% $327	-5% $401	+0% $476	+5% $550	+10% $625
Rate	-1.0pp $530	-0.5pp $503	base $476	+0.5pp $448	+1.0pp $420

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: $26,750
• Closing costs: $3,210
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3763 Emerald Ave Steger, IL	3.0	1.0	1125	$1,950	$1.73	26d	1	0.15mi
3135 Chicago Rd Unit 2nd Steger, IL	2.0	1.0	1300	$1,650	$1.27	26d	1	0.76mi
316 W 34th St Steger, IL	3.0	1.0–1.5	720	$1,715	$2.38	0d	5	0.93mi
236 Chestnut Ave Unit S South Chicago Heights, IL	3.0	1.0	1032	$2,000	$1.94	26d	1	1.36mi

Listing history 41 events

1. 2026-06-21
   days on market $107,000 Active 10 DOM
2. 2026-06-18
   days on market $107,000 Active 7 DOM
3. 2026-06-17
   days on market $107,000 Active 6 DOM
4. 2026-06-16
   days on market $107,000 Active 5 DOM
5. 2026-06-15
   days on market $107,000 Active 4 DOM
6. 2026-06-13
   days on market $107,000 Active 2 DOM
7. 2026-06-13
   days on marketlisting id $107,000 Active 1 DOM
8. 2026-06-09
   days on market $107,000 Active 243 DOM
9. 2026-06-08
   days on market $107,000 Active 242 DOM
10. 2026-06-07
    pricedays on market $107,000 Active 241 DOM
11. 2026-06-04
    days on market $110,000 Active 238 DOM
12. 2026-06-03
    days on market $110,000 Active 237 DOM
13. 2026-06-02
    days on market $110,000 Active 236 DOM
14. 2026-06-01
    days on market $110,000 Active 235 DOM
15. 2026-05-31
    days on market $110,000 Active 234 DOM
16. 2026-05-04
    status Active
17. 2026-05-04
    price $110,000
18. 2026-04-06
    historical Contingent - Continue to Show
19. 2026-03-27
    price $122,000
20. 2026-02-27
    price $125,000
21. 2026-02-06
    price $128,000
22. 2026-01-16
    price $132,000
23. 2025-12-19
    price $136,000
24. 2025-11-21
    price $142,000
25. 2025-10-31
    price $146,000
26. 2025-10-09
    listed $150,000 Active
27. 2015-09-04
    soldstatus $4,466,598
28. 2013-02-20
    soldstatus $25,000
29. 2013-02-11
    soldstatus $25,000 Closed Sale 193-char remark

    Show marketing remark (193 chars)

    HANDY MAN SPECIAL! This 3 Bedroom 1 Bath Home is being sold "As-Is" and includes a 1-car detached Garage. Seller will not furnish Survey or Termite Inspection. Come take a look today!

30. 2013-01-02
    status Pending 193-char remark

    Show marketing remark (193 chars)

    HANDY MAN SPECIAL! This 3 Bedroom 1 Bath Home is being sold "As-Is" and includes a 1-car detached Garage. Seller will not furnish Survey or Termite Inspection. Come take a look today!

31. 2012-12-05
    listed $29,900 New 193-char remark

    Show marketing remark (193 chars)

    HANDY MAN SPECIAL! This 3 Bedroom 1 Bath Home is being sold "As-Is" and includes a 1-car detached Garage. Seller will not furnish Survey or Termite Inspection. Come take a look today!

32. 2012-05-02
    soldstatus $20,001
33. 2012-04-11
    soldstatus $20,001
34. 2011-10-29
    soldstatus $45,000 Closed Sale 107-char remark

    Show marketing remark (107 chars)

    NICE SOLID HOME FOR THE MONEY. ENCLOSED BACK PORCH. SIDE DRIVE WITH GARAGE. COME AND TAKE A PEEK TODAY!!

35. 2011-06-28
    listed $108,000 New 107-char remark

    Show marketing remark (107 chars)

    NICE SOLID HOME FOR THE MONEY. ENCLOSED BACK PORCH. SIDE DRIVE WITH GARAGE. COME AND TAKE A PEEK TODAY!!

36. 2011-06-21
    historical
37. 2010-12-03
    listed New
38. 2010-12-01
    historical
39. 2010-11-18
    listed New
40. 1998-05-06
    soldstatus $75,000
41. 1990-03-14
    soldstatus $43,900

ⓘ 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: $4,920 · $410/mo
• Projected year-2 tax: $4,920 · $410/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 ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,656
• − Mortgage interest: −$5,994
• − Property taxes: −$4,920
• − Insurance: −$535
• − Repairs & maintenance: −$1,812
• − Management: −$1,812
• − Depreciation: −$3,113
• Taxable income: $4,470
• Est. tax owed @ 24.0%: −$1,073
• After-tax cash flow: $4,638/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: Bloom Twp Hsd 206
• NCES district ID: 1706420
• Math proficiency: 8% ▼ -3.00%
• Reading proficiency: 9% ▼ -8.00%
• Median HH income: $39,795
• Composite: 7.4/100
• National rank: #9952
• State rank: #591 of 620 in IL

Livability — Steger

• Score: 67/100
• State rank: #498
• US rank: #10279

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steger, IL
• City population: 10,103
• Population (ZIP): 10,103

Population outlook (Will County) Hauer SSP2

• Today (2025): 705,368 people
• By 2030: 708,154 · +0.4%
• By 2040: 702,692 · -0.4%
• By 2050: 680,249 · -3.6%
• By 2075: 611,990 · -13.2%
• By 2100: 516,215 · -26.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 52% Hispanic / Latino 23% Black 18% Two or more races 11% Asian 1%
• Hispanic origin (detail): Mexican 21%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 85% English-only · Spanish 13% Other Indo-European 1%

Political lean MEDSL · Will

• 2024 margin: Toss-up / Even · D 50.1% · R 48.5% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 13.2pp · 2024: 1.6pp
• All cycles: 2024: D+1.6 2020: D+8.3 2016: D+5.7 2012: D+3.7 2008: D+13.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -92.95%
• Current HPI: 134.0677
• 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

+150.6% since first listed

26 events — show timeline

• 2026-05-04 Relisted — MRED as Distributed by MLS Grid
• 2026-05-04 Price Changed $110,000 MRED as Distributed by MLS Grid
• 2026-04-06 Contingent — MRED as Distributed by MLS Grid
• 2026-03-27 Price Changed $122,000 MRED as Distributed by MLS Grid
• 2026-02-27 Price Changed $125,000 MRED as Distributed by MLS Grid
• 2026-02-06 Price Changed $128,000 MRED as Distributed by MLS Grid
• 2026-01-16 Price Changed $132,000 MRED as Distributed by MLS Grid
• 2025-12-19 Price Changed $136,000 MRED as Distributed by MLS Grid
• 2025-11-21 Price Changed $142,000 MRED as Distributed by MLS Grid
• 2025-10-31 Price Changed $146,000 MRED as Distributed by MLS Grid
• 2025-10-09 Listed $150,000 MRED as Distributed by MLS Grid
• 2015-09-04 Sold (Public Records) $4,466,598 Public Records
• 2013-02-20 Sold (Public Records) $25,000 Public Records
• 2013-02-11 Sold (MLS) $25,000 MRED as Distributed by MLS Grid
• 2013-01-02 Pending — MRED as Distributed by MLS Grid
• 2012-12-05 Listed $29,900 MRED as Distributed by MLS Grid
• 2012-05-02 Sold (Public Records) $20,001 Public Records
• 2012-04-11 Sold (Public Records) $20,001 Public Records
• 2011-10-29 Sold (MLS) $45,000 MRED as Distributed by MLS Grid
• 2011-06-28 Listed $108,000 MRED as Distributed by MLS Grid
• 2011-06-21 Listing Removed — MRED as Distributed by MLS Grid
• 2010-12-03 Listed — MRED as Distributed by MLS Grid
• 2010-12-01 Listing Removed — MRED as Distributed by MLS Grid
• 2010-11-18 Listed — MRED as Distributed by MLS Grid
• 1998-05-06 Sold (Public Records) $75,000 Public Records
• 1990-03-14 Sold (Public Records) $43,900 Public Records

Property tax history

+4.2%/yr

Latest (2024): $4,920 · +5.6% YoY. Source: county tax records.