53 Chicago Ave · Columbus, OH 43222

$114,900

4 bd · 1.0 ba · 1,976 sqft · SingleFamily public records · 51 Days on market

Built 1913 4,356 sqft lot $58/sqft · 57% below area ↓ 43% since listing

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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
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks

Seller is in receipt of multiple offers and has asked for all highest and best offers be submitted by Tuesday 5/5/26 at 5pm. Leave offers open for 48 hours. Welcome to 53 Chicago Ave. Offering 4 bedrooms, 3 full baths, 1,976 SQ. FT. and loads of potential. Property does need work but fits perfect for any investor. AGENTS - SEE A2A REMARKS

Key facts

• 4,356 sq ft lot
• Built 1913
• Listed 51 days

Property features AI

Finance

• Other: Property listed as Real Estate Owned
• Financial info: Tax amount listed for 2024

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; Three levels; Built in 1913; No common walls
• Construction: Stone foundation; Built in 1913
• Exterior features: Stone foundation; Lot about 0.1 acres

Interior

• Bathrooms: Three full bathrooms
• Interior features: Full basement; Approximately 1,976 finished living area (per listing source)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $637 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $111k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 3.8% in Columbus — 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 (#97 in OH, #1,491 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime F.
• Columbus City School District (urban): math 15% / reading 26% proficiency, ranked #626 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 50 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $1,846/mo this rent would consume 69% of the median local household income ($32k/yr) (locally 126% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $12k of equity ($794 loan paydown + $11k appreciation (10.0% local appreciation)).
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,453 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1913 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.61% ✓
• Cap rate: 12.95%
• Cash-on-cash: 23.77%
• DSCR: 2.06
• GRM: 5.2

CMA / ARV

• ARV (median comp): $267,994
• List price: $114,900
• Delta: -57.13%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
164 Wisconsin Ave #162	0.18mi	4/1.0	1,910 (-3%)	18mo	$120,000	$63	71
130 Wisconsin Ave	0.14mi	3/2.5 (-1)	1,712 (-13%)	0mo	$345,000	$202	60
149 S Cypress Ave	0.39mi	3/2.5 (-1)	1,840 (-7%)	2mo	$329,900	$179	58
148 W Park Ave	0.30mi	3/1.5 (-1)	1,750 (-11%)	5mo	$228,500	$131	56
45 N Guilford Ave	0.30mi	5/2.0 (+1)	1,716 (-13%)	6mo	$232,500	$135	50
56 Hawkes Ave	0.50mi	3/2.5 (-1)	1,753 (-11%)	0mo	$289,000	$165	47
839 W Rich St	0.74mi	5/2.0 (+1)	1,868 (-6%)	7mo	$102,000	$55	42
48 Avondale Ave	0.43mi	3/3.0 (-1)	1,872 (-5%)	21mo	$341,900	$183	41
35 Meek Ave	0.42mi	3/2.5 (-1)	1,704 (-14%)	9mo	$274,000	$161	39
33 Hawkes Ave	0.47mi	3/2.5 (-1)	1,680 (-15%)	18mo	$275,000	$164	27
1006 Campbell Ave	0.74mi	5/1.0 (+1)	1,688 (-15%)	12mo	$157,000	$93	26
204 Avondale Ave	0.55mi	3/2.0 (-1)	1,704 (-14%)	20mo	$289,000	$170	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 42.2%
• Equity multiple: 4.21×
• Total profit: $103,216
• Equity at exit: $103,511

10-year hold

• IRR: 36.4%
• Equity multiple: 9.46×
• Total profit: $272,120
• Equity at exit: $223,225

Cash invested: $32,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43222

• Active inventory: 50
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,846 high
• Mortgage (P&I): −$603
• Tax from tax record: −$171 /mo · $2,049/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $637

Break-even live

Break-even rent $1,039

Max offer price $114,900

Occupancy floor 60%

Sensitivity live

Price	-10% $702	-5% $670	+0% $637	+5% $605	+10% $572
Rent	-10% $492	-5% $564	+0% $637	+5% $710	+10% $783
Rate	-1.0pp $695	-0.5pp $667	base $637	+0.5pp $608	+1.0pp $577

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
162 Wisconsin Ave Columbus, OH	4.0	2.5	1930	$1,900	$0.98	44d	1	0.21mi
137 N Guilford Ave Columbus, OH	4.0	2.0	1456	$1,850	$1.27	44d	1	0.31mi
189 W Park Ave Unit 189 Columbus, OH	3.0	2.0	1276	$1,395	$1.09	8d	1	0.34mi
63 Stevens Ave Columbus, OH	5.0	2.0	2437	$2,000	$0.82	8d	1	0.35mi
153 S Cypress Ave Columbus, OH	3.0	1.0	1472	$1,650	$1.12	8d	1	0.40mi
76 Rodgers Ave Columbus, OH	3.0	1.5	1422	$1,695	$1.19	24d	1	0.41mi
135-137 Dakota Ave Unit 135 Columbus, OH	3.0	1.5	2200	$1,800	$0.82	44d	1	0.42mi
158 Dakota Ave Columbus, OH	4.0	2.0	1800	$2,045	$1.14	8d	1	0.47mi
228 Schultz Ave Unit 1407024P Columbus, OH	4.0	1.5	1991	$6,208	$3.12	15d	1	0.47mi
228 Schultz Ave Unit 1407033P Columbus, OH	5.0	1.5	1991	$5,806	$2.92	8d	1	0.47mi
125 Avondale Ave Columbus, OH	3.0	1.5	1344	$1,695	$1.26	44d	1	0.48mi
60 Martin Ave Columbus, OH	3.0	2.0	1807	$1,650	$0.91	24d	1	0.57mi
394 S Guilford Ave Columbus, OH	3.0	1.5	1404	$1,450	$1.03	8d	1	0.66mi
1314 City View Dr Columbus, OH	1.0–3.0	1.0–2.0	961	$3,539	$3.68	2d	51	0.99mi
285 S Gift St Columbus, OH	3.0	2.0	1641	$1,700	$1.04	16d	1	1.12mi
285 S Gift St Columbus, OH	3.0	2.0	1641	$1,700	$1.04	24d	1	1.12mi
501 W Broad St Columbus, OH	3.0	1.0–2.5	1166	$3,599	$3.09	44d	15	1.12mi
501 W Broad St Columbus, OH	3.0	1.0–2.5	1166	$3,649	$3.13	2d	52	1.12mi
1964 Sullivant Ave Columbus, OH	4.0	2.0	1580	$1,650	$1.04	24d	1	1.16mi
543 Woodbury Ave Unit NA Columbus, OH	3.0	1.0	1308	$1,645	$1.26	15d	1	1.16mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,475	$1.17	20d	1	1.22mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,375	$1.09	4d	1	1.22mi
644 Chlois Ln Columbus, OH	1.0–3.0	1.0–2.0	985	$3,085	$3.13	2d	15	1.30mi
2205 Sullivant Ave Columbus, OH	3.0	1.0	1275	$1,200	$0.94	44d	1	1.50mi

Listing history 18 events

1. 2026-06-18
   days on market $114,900 Active 51 DOM
2. 2026-06-17
   days on market $114,900 Active 50 DOM
3. 2026-06-16
   days on market $114,900 Active 49 DOM
4. 2026-06-15
   days on market $114,900 Active 48 DOM
5. 2026-06-13
   days on market $114,900 Active 46 DOM
6. 2026-06-13
   days on market $114,900 Active 45 DOM
7. 2026-06-09
   days on market $114,900 Active 42 DOM
8. 2026-06-08
   days on market $114,900 Active 41 DOM
9. 2026-06-07
   days on market $114,900 Active 40 DOM
10. 2026-06-05
    statusdays on market $114,900 Active 37 DOM
11. 2026-06-03
    days on market $114,900 Contingent 36 DOM
12. 2026-06-02
    days on market $114,900 Contingent 35 DOM
13. 2026-06-01
    days on market $114,900 Contingent 34 DOM
14. 2026-05-31
    days on market $114,900 Contingent 33 DOM
15. 2026-04-28
    listed $114,900 Active 340-char remark
16. 2024-12-03
    historical
17. 2024-11-21
    price $195,000
18. 2024-10-17
    listed $200,000 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 OH · Partial reset (capped growth)

• Current annual tax: $2,049 · $171/mo
• Projected year-2 tax: $2,049 · $171/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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,154
• − Mortgage interest: −$6,436
• − Property taxes: −$2,049
• − Insurance: −$574
• − Repairs & maintenance: −$1,772
• − Management: −$1,772
• − Depreciation: −$3,343
• Taxable income: $6,208
• Est. tax owed @ 24.0%: −$1,490
• After-tax cash flow: $6,158/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: Columbus City School District
• NCES district ID: 3904380
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $38,483
• Composite: 17.19/100
• National rank: #9105
• State rank: #626 of 656 in OH

Livability — Columbus

• Score: 81/100
• State rank: #97
• US rank: #1491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, OH
• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 4,819
• Household income: $32,321
• Rent vs Own: 66.4% rent · 33.6% own
• Severe rent burden: 126.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 1,456,139 people
• By 2030: 1,556,890 · +6.9%
• By 2040: 1,757,349 · +20.7%
• By 2050: 1,950,539 · +34.0%
• By 2075: 2,376,171 · +63.2%
• By 2100: 2,636,796 · +81.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 43% Hispanic / Latino 28% Two or more races 21% Black 18% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 16% Dominican 5%
• Common ancestry: Lithuanian 1% Slovak 1% Ukrainian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 86% English-only · Spanish 11% Korean 1% Russian/Polish/Slavic 0%

Political lean MEDSL · Franklin

• 2024 margin: Strong D (+28.4) · D 63.7% · R 35.3% · Other 1.0%
• 2008→2024 swing: +7.7pp toward D · 2008: 20.7pp · 2024: 28.4pp
• All cycles: 2024: D+28.4 2020: D+31.4 2016: D+25.9 2012: D+21.7 2008: D+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 231.44%
• Current HPI: 654.0855
• Rent YoY: —
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

-42.5% since first listed

6 events — show timeline

• 2026-06-03 Relisted — CBRMLS
• 2026-05-26 Contingent — CBRMLS
• 2026-04-28 Listed $114,900 CBRMLS
• 2024-12-03 Listing Removed — CBRMLS
• 2024-11-21 Price Changed $195,000 CBRMLS
• 2024-10-17 Listed $200,000 CBRMLS

Property tax history

+5.4%/yr

Latest (2024): $2,049 · +1.3% YoY. Source: county tax records.