1568 Wentworth Ave · Calumet City, IL 60409

$72,000

3 bd · 1.5 ba · 1,641 sqft · SingleFamily public records · 7 Days on market

Built 1963 4,791 sqft lot ↓ 36% 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
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 3 bedroom, 2 bathroom home offering solid potential for the right buyer or investor. This property features a full basement and a 2 car garage, providing ample space for storage and future possibilities. The home is being sold in AS IS condition, no surveys nor disclosures will be provided, taxes prorated. Bring your bright ideas and make this your Summer project. Ideal for those looking to renovate or invest.

Key facts

• Full basement
• 2 car garage
• 4,791 sq ft lot

Tags

• FULL BASEMENT
• 2 CAR GARAGE

Property features AI

Finance

• Other: Parcel number 30203100400000; Possession at closing; Seller will hold earnest money
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (2 garage spaces, 2 total parking spaces)
• Utilities: Water from Lake Michigan / public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership; Built before 1978
• Construction: Brick and cedar exterior; 61–70 years old (approximate age range)
• Exterior features: Lot dimensions approximately 40 x 120; Lot under 0.25 acre; Directions: 159th to Wentworth, south to home

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 3 bedrooms (Master bedroom on main level; two additional bedrooms on second level)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Finished full basement; 7 total rooms
• Laundry & utility: Basement laundry room (10 x 5)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $797 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $72k).
• Cap rate 26.7% vs local median 8.3% in Calumet City — 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 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-, crime D-, amenities F.
• Thornton Fractional Twp Hsd 215 (suburban): math 9% / reading 13% proficiency, ranked #563 of 620 in IL (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Hoover Elem School (556 students, 0% FRL); Schrum Memorial School (math 24% / reading 24%, grade F, #332 of 665 statewide, top 55%, 277 students, 0% FRL); Thornton Fractnl No High School (math 6% / reading 10%, grade F, #587 of 693 statewide, top 85%, 1,383 students, 0% FRL).
• Market conditions: Rents rising fast (+6.2%/yr); 196 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 4d 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 $2,179/mo this rent would consume 47% 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 $498 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 4y 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: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $72,000

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
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: 3.03% ✓
• Cap rate: 26.69%
• Cash-on-cash: 72.84%
• DSCR: 4.24
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $196,920
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12 169th St	0.28mi	3/1.5	1,667 (+2%)	7mo	$205,000	$123	78
1474 Forest Ave	0.23mi	3/2.0	1,500 (-9%)	10mo	$165,000	$110	64
3409 173rd Pl	0.55mi	4/2.5 (+1)	1,647 (+0%)	4mo	$265,000	$161	62
17246 Bernadine St	0.39mi	3/2.5	1,500 (-9%)	4mo	$180,000	$120	60
17244 Wentworth Ave	0.42mi	4/2.0 (+1)	1,783 (+9%)	2mo	$85,000	$48	58
1461 Wentworth Ave	0.26mi	4/1.5 (+1)	1,400 (-15%)	4mo	$130,000	$93	55
17317 Roy St	0.60mi	4/2.0 (+1)	1,718 (+5%)	6mo	$230,000	$134	52
50 172nd St	0.50mi	3/1.5	1,854 (+13%)	8mo	$282,500	$152	49
17509 Maple Ave	0.75mi	4/1.5 (+1)	1,478 (-10%)	2mo	$263,000	$178	42
256 Florence St	0.72mi	2/1.0 (-1)	1,548 (-6%)	10mo	$180,000	$116	41
17306 Roy St	0.61mi	3/1.0	1,850 (+13%)	10mo	$215,000	$116	40
1304 Price Ave	0.74mi	2/2.0 (-1)	1,800 (+10%)	10mo	$85,000	$47	33

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: 49.7%
• Equity multiple: 3.31×
• Total profit: $46,567
• Equity at exit: $10,735

10-year hold

• IRR: 56.9%
• Equity multiple: 7.87×
• Total profit: $138,524
• Equity at exit: $6,225

Cash invested: $20,160 (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: 196
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $2,179 high
• Mortgage (P&I): −$378
• Tax est. 1.5%: −$90 /mo · $1,080/yr
• Insurance: −$30
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $797

Break-even live

Break-even rent $1,170

Max offer price $72,000

Occupancy floor 58%

Sensitivity live

Price	-10% $847	-5% $822	+0% $797	+5% $772	+10% $747
Rent	-10% $625	-5% $711	+0% $797	+5% $883	+10% $969
Rate	-1.0pp $833	-0.5pp $815	base $797	+0.5pp $778	+1.0pp $759

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: $18,000
• Closing costs: $2,160
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1539 Wentworth Ave Unit 3W Calumet City, IL	3.0	1.0	1100	$1,700	$1.55	14d	1	0.06mi
17104 Wentworth Ave Unit 4 Lansing, IL	2.0	1.0	1100	$1,400	$1.27	1d	1	0.27mi
252 Lawndale St Hammond, IN	4.0	3.0	2016	$2,600	$1.29	4d	1	0.55mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	9d	1	0.69mi
7611 Kinsley Pl Munster, IN	3.0	2.0	1700	$4,700	$2.76	0d	1	1.00mi
7610 Manor Ave Munster, IN	3.0	2.0	1700	$4,750	$2.79	0d	1	1.03mi
232 Gregory Ave Munster, IN	3.0	1.5	1600	$2,450	$1.53	0d	1	1.16mi
7741 Hohman Ave Munster, IN	4.0	2.0	2200	$3,200	$1.45	12d	1	1.16mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	0d	1	1.20mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	26d	1	1.28mi
18006 Wentworth Ave #3553 Lansing, IL	2.0	1.0	1900	$1,950	$1.03	3d	1	1.38mi

Listing history 26 events

1. 2026-06-17
   status $72,000 Pending 7 DOM
2. 2026-06-17
   days on market $72,000 Active 7 DOM
3. 2026-06-16
   days on market $72,000 Active 6 DOM
4. 2026-06-15
   days on market $72,000 Active 5 DOM
5. 2026-06-13
   pricedays on marketlisting id $72,000 Active 3 DOM
6. 2026-06-09
   days on market $79,900 Active 46 DOM
7. 2026-06-08
   days on market $79,900 Active 45 DOM
8. 2026-06-07
   days on market $79,900 Active 44 DOM
9. 2026-06-04
   days on market $79,900 Active 41 DOM
10. 2026-06-03
    days on market $79,900 Active 40 DOM
11. 2026-06-02
    days on market $79,900 Active 39 DOM
12. 2026-06-01
    days on market $79,900 Active 38 DOM
13. 2026-05-31
    days on market $79,900 Active 37 DOM
14. 2026-04-24
    listed $79,900 Active
15. 2026-04-24
    historical
16. 2026-04-21
    listed Active
17. 2026-04-21
    historical
18. 2026-03-20
    listed Active
19. 2023-03-30
    historical
20. 2022-09-08
    price
21. 2022-07-20
    price
22. 2022-07-09
    status Active
23. 2022-07-09
    price
24. 2022-03-04
    historical Contingent - Continue to Show
25. 2022-02-09
    listed Active
26. 2003-05-27
    soldstatus $112,000

ⓘ 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 5/10 Major FEMA zone AE · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,145
• − Mortgage interest: −$4,033
• − Property taxes: −$1,080
• − Insurance: −$5,478
• − Repairs & maintenance: −$2,092
• − Management: −$2,092
• − Depreciation: −$2,095
• Taxable income: $9,276
• Est. tax owed @ 24.0%: −$2,226
• After-tax cash flow: $7,339/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 Fractional Twp Hsd 215
• NCES district ID: 1738940
• Math proficiency: 9% ▼ -3.00%
• Reading proficiency: 13% ▼ -3.00%
• Median HH income: $48,207
• Composite: 10.27/100
• National rank: #9793
• State rank: #563 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

-35.7% since first listed

16 events — show timeline

• 2026-06-17 Pending — MRED as Distributed by MLS Grid
• 2026-06-10 Listing Removed — MRED as Distributed by MLS Grid
• 2026-06-10 Listed $72,000 MRED as Distributed by MLS Grid
• 2026-04-24 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-24 Listed — MRED as Distributed by MLS Grid
• 2026-04-21 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-21 Listed — MRED as Distributed by MLS Grid
• 2026-03-20 Listed — MRED as Distributed by MLS Grid
• 2023-03-30 Listing Removed — MRED as Distributed by MLS Grid
• 2022-09-08 Price Changed — MRED as Distributed by MLS Grid
• 2022-07-20 Price Changed — MRED as Distributed by MLS Grid
• 2022-07-09 Relisted — MRED as Distributed by MLS Grid
• 2022-07-09 Price Changed — MRED as Distributed by MLS Grid
• 2022-03-04 Contingent — MRED as Distributed by MLS Grid
• 2022-02-09 Listed — MRED as Distributed by MLS Grid
• 2003-05-27 Sold (Public Records) $112,000 Public Records

Property tax history

+6.9%/yr

Latest (2023): $7,684 · +214.1% YoY. Source: county tax records.