383 Calhoun Ave · Calumet City, IL 60409

$172,000

3 bd · 1.5 ba · 1,260 sqft · SingleFamily public records · 7 Days on market

Built 1968 5,052 sqft lot Est $228k · 25% 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 +26.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +7.2/10.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Step inside this sunny brick ranch where simple, single level living meets room to grow. A wide picture window brightens the living room, and a fresh neutral palette makes furnishing easy. The spacious eat in kitchen offers long countertops, classic white cabinetry, luxury vinyl plank flooring, and an adjoining flex dining area with a ceiling fan for comfortable everyday meals. Three comfortable bedrooms line the hall. A crisp full bath features tiled walls and a granite top vanity, and a handy half bath adds convenience. Below, a huge open basement with a utility sink and hookups is ready for a future recreation space, home gym, workshop, or generous storage. Outside, a long side drive lea

Key facts

• Wide picture window
• Long countertops
• Brick ranch

Tags

• BRICK RANCH
• WIDE PICTURE WINDOW
• SPACIOUS EAT IN KITCHEN
• LONG COUNTERTOPS
• CLASSIC WHITE CABINETRY
• LUXURY VINYL PLANK FLOORING

Property features AI

Finance

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

Exterior

• Parking: Detached garage with 2 garage spaces (2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Single-story
• Construction: Brick construction; Built 51–60 years ago; Built before 1978
• Exterior features: Lot less than 0.25 acre; Lot dimensions: 5040

Interior

• Kitchen: Range; Refrigerator; Kitchen on main level
• Bedrooms: 3 bedrooms (all on main level); Master bedroom on main level
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Ceiling fan(s); Unfinished full basement; 6 total rooms
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $172k.

Deal economics

• At list price, monthly cash flow is $463 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $172k).

Location & tenants

• Location reads 71/100 on livability (#330 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, schools F, crime D-.
• Thornton Twp Hsd 205 (suburban): math 7% / reading 8% proficiency, ranked #594 of 620 in IL (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.2%/yr); 198 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• At $2,090/mo this rent would consume 45% of the median local household income ($55k/yr) (locally 2415% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $48k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $98k; list at $172k implies a 76% gain — meaningful room to come down on a strong offer.

Recommended offer $172,000

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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: 1.22% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.53%
• DSCR: 1.51
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $228,060
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
453 Hoxie Ave	0.17mi	3/1.5	1,304 (+4%)	0mo	$195,000	$150	86
372 Bensley Ave	0.09mi	4/2.0 (+1)	1,250 (-1%)	2mo	$235,000	$188	86
412 Saginaw Ave	0.18mi	3/1.5	1,314 (+4%)	4mo	$171,000	$130	82
288 Calhoun Ave	0.22mi	4/2.0 (+1)	1,260 (0%)	2mo	$215,000	$171	81
494 Oglesby Ave	0.34mi	4/2.5 (+1)	1,252 (-1%)	2mo	$245,000	$196	72
665 Hoxie Ave	0.67mi	3/1.5	1,264 (+0%)	2mo	$188,000	$149	67
651 Bensley Ave	0.64mi	3/1.5	1,277 (+1%)	2mo	$235,000	$184	66
286 Calhoun Ave	0.22mi	3/2.0	1,424 (+13%)	3mo	$203,000	$143	63
1060 Lucas St	0.56mi	4/3.0 (+1)	1,337 (+6%)	1mo	$270,000	$202	52
1225 Memorial Dr	0.59mi	4/3.0 (+1)	1,303 (+3%)	5mo	$235,700	$181	52
591 Paxton Ave	0.63mi	4/2.0 (+1)	1,340 (+6%)	3mo	$261,000	$195	51
317 Madison Ave	0.70mi	3/1.0	1,152 (-9%)	3mo	$67,200	$58	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 · 6.17% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.18×
• Total profit: $8,518
• Equity at exit: $25,646

10-year hold

• IRR: 16.7%
• Equity multiple: 2.57×
• Total profit: $75,634
• Equity at exit: $14,871

Cash invested: $48,160 (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 60409

• Home prices YoY: -27.6%
• Rents YoY: 6.2%
• Active inventory: 198
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,090 high
• Mortgage (P&I): −$902
• Tax est. 1.5%: −$215 /mo · $2,580/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $463

Break-even live

Break-even rent $1,505

Max offer price $172,000

Occupancy floor 73%

Sensitivity live

Price	-10% $582	-5% $522	+0% $463	+5% $403	+10% $344
Rent	-10% $298	-5% $380	+0% $463	+5% $545	+10% $628
Rate	-1.0pp $549	-0.5pp $507	base $463	+0.5pp $418	+1.0pp $373

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: $43,000
• Closing costs: $5,160
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
250 Yates Ave Unit 1616 Dolton 1E Calumet City, IL	2.0	1.0	875	$1,465	$1.67	8d	1	0.34mi
14518 S Hoxie Ave Chicago, IL	3.0	1.5	1128	$2,450	$2.17	2d	1	0.35mi
101 Oglesby Ave Calumet City, IL	2.0	1.0	1000	$1,800	$1.80	22d	1	0.46mi
101 Oglesby Ave Calumet City, IL	2.0	1.0	1000	$1,800	$1.80	20d	1	0.46mi
101 Oglesby Ave Calumet City, IL	2.0	1.0	1100	$1,800	$1.64	12d	1	0.46mi
2605 E Martha Pl Chicago, IL	2.0	2.0	1353	$1,860	$1.37	22d	1	0.47mi
405 Clyde Ave Calumet City, IL	3.0	1.0	973	$2,300	$2.36	2d	1	0.51mi
1860 State St Calumet City, IL	3.0	1.0	1100	$1,800	$1.64	18d	1	0.58mi
2790 E State St Apt 2E Burnham, IL	3.0	2.0	1100	$1,695	$1.54	25d	1	0.66mi
671 Saginaw Ave Calumet City, IL	3.0	2.0	1250	$2,276	$1.82	10d	1	0.70mi
409 Madison Ave Unit 2 Calumet City, IL	3.0	1.5	1200	$1,795	$1.50	4d	1	0.70mi
659 Paxton Ave Calumet City, IL	3.0	2.0	1255	$2,461	$1.96	10d	1	0.77mi
660 Clyde Ave Calumet City, IL	3.0	1.5	1400	$1,750	$1.25	3d	1	0.85mi
15400 Merrill Ave South Holland, IL	4.0	2.0	1508	$3,330	$2.21	22d	1	0.92mi
14738 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	10d	1	1.04mi
14610 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	7d	1	1.07mi
1429 Kasten Dr Dolton, IL	3.0	1.0	1600	$2,500	$1.56	2d	1	1.12mi
14716 Dorchester Ave Dolton, IL	3.0	2.0	1250	$2,800	$2.24	20d	1	1.17mi
15231 Hastings Dr Dolton, IL	4.0	1.5	1487	$2,146	$1.44	8d	1	1.45mi
14433 Woodlawn Ave Dolton, IL	4.0	2.0	1300	$2,000	$1.54	19d	1	1.46mi

Listing history 27 events

1. 2026-06-18
   price $172,000 Active 7 DOM
2. 2026-06-18
   days on market $174,000 Active 7 DOM
3. 2026-06-17
   days on market $174,000 Active 6 DOM
4. 2026-06-16
   days on market $174,000 Active 5 DOM
5. 2026-06-15
   days on market $174,000 Active 4 DOM
6. 2026-06-13
   days on market $174,000 Active 2 DOM
7. 2026-06-13
   days on marketlisting id $174,000 Active 1 DOM
8. 2026-06-09
   days on market $174,000 Active 261 DOM
9. 2026-06-08
   days on market $174,000 Active 260 DOM
10. 2026-06-07
    days on market $174,000 Active 259 DOM
11. 2026-06-04
    days on market $174,000 Active 256 DOM
12. 2026-06-03
    days on market $174,000 Active 255 DOM
13. 2026-06-02
    days on market $174,000 Active 254 DOM
14. 2026-06-01
    days on market $174,000 Active 253 DOM
15. 2026-05-31
    days on market $174,000 Active 252 DOM
16. 2026-05-22
    price $174,000
17. 2026-04-24
    price $178,000
18. 2026-03-27
    price $184,000
19. 2026-02-27
    price $188,000
20. 2026-01-30
    price $194,000
21. 2026-01-09
    price $200,000
22. 2025-12-05
    price $206,000
23. 2025-11-14
    price $212,000
24. 2025-10-24
    price $219,000
25. 2025-09-20
    listed $238,000 Active
26. 2022-05-23
    price $1,925
27. 1996-08-26
    soldstatus $98,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,086
• − Mortgage interest: −$9,635
• − Property taxes: −$2,580
• − Insurance: −$860
• − Repairs & maintenance: −$2,007
• − Management: −$2,007
• − Depreciation: −$5,004
• Taxable income: $2,994
• Est. tax owed @ 24.0%: −$719
• After-tax cash flow: $4,836/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: Thornton Twp Hsd 205
• NCES district ID: 1738970
• Math proficiency: 7% ▬ 0.00%
• Reading proficiency: 8% ▼ -2.00%
• Median HH income: $43,392
• Composite: 6.92/100
• National rank: #9976
• State rank: #594 of 620 in IL

Livability — Calumet City

• Score: 71/100
• State rank: #330
• US rank: #6552

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calumet City, IL
• County: Cook County · 4,486,803 people
• City population: 35,100
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 35,100
• Household income: $55,369
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 2415.0

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 (74%)
• Race & ethnicity: Black 74% Hispanic / Latino 15% White 7% Two or more races 4%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Romanian 2%
• Foreign-born: 9% · Canada
• Languages at home: 83% English-only · Spanish 14%

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: ▼ -75.01%
• Current HPI: 197.2137
• Rent YoY: ▲ 6.17%
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• 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

+77.6% since first listed

12 events — show timeline

• 2026-05-22 Price Changed $174,000 MRED as Distributed by MLS Grid
• 2026-04-24 Price Changed $178,000 MRED as Distributed by MLS Grid
• 2026-03-27 Price Changed $184,000 MRED as Distributed by MLS Grid
• 2026-02-27 Price Changed $188,000 MRED as Distributed by MLS Grid
• 2026-01-30 Price Changed $194,000 MRED as Distributed by MLS Grid
• 2026-01-09 Price Changed $200,000 MRED as Distributed by MLS Grid
• 2025-12-05 Price Changed $206,000 MRED as Distributed by MLS Grid
• 2025-11-14 Price Changed $212,000 MRED as Distributed by MLS Grid
• 2025-10-24 Price Changed $219,000 MRED as Distributed by MLS Grid
• 2025-09-20 Listed $238,000 MRED as Distributed by MLS Grid
• 2022-05-23 Price Changed $1,925 RENT.
• 1996-08-26 Sold (Public Records) $98,000 Public Records

Property tax history

+3.7%/yr

Latest (2023): $8,742 · +16.9% YoY. Source: county tax records.