2514 N 79th Ave · Elmwood Park, IL 60707

$280,000

3 bd · 2.0 ba · 1,537 sqft · SingleFamily public records · 6 Days on market

Built 1928 4,356 sqft lot Est $355k · 21% under

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Why this score? — see what drove the C+ 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +6.5/10.0
• Rent growth +4.3/5.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

This is a can not miss property. A tree lined street in the central part of downtown Elmwood Park. Centrally located near public transportation, local shopping options, schools and main thoroughfares. Brick bungalow with side port two car garage fit a modern lifestyle with a vintage charm feel. Wood floors greet you as you enter the main living, dining room combination. Plenty of space for entertaining and relaxing. Spacious kitchen layout has an eat-in quality that is precious in the fast paced world. Two well sized bedrooms on the main floor make for convenient lifestyle. The second floor boasts two large rooms with bath to extend the value and benefits of this charming space. With a full

Key facts

• Main thoroughfares
• Tree lined street
• Schools

Tags

• TREE LINED STREET
• CENTRAL PART OF DOWNTOWN
• PUBLIC TRANSPORTATION
• LOCAL SHOPPING OPTIONS
• SCHOOLS
• MAIN THOROUGHFARES

Property features AI

Finance

• Other: Possession at closing; Property located in Elmwood Park (Leyden Township)
• HOA & community: No master association fees required

Exterior

• Parking: Detached garage (owned) with 2 garage spaces; Total parking for 2 vehicles
• Utilities: Public water; Public sewer; Electric service with circuit breakers
• Home design: Detached single-family home; 1.5-story layout; Fee simple ownership
• Construction: Brick construction; Built before 1978 (property age approximately 91–100 years)
• Exterior features: Lot dimensions approximately 33 x 133; Lot is less than 0.25 acre; Side driveway

Interior

• Kitchen: Kitchen on main level (13 x 12); Range; Dishwasher
• Bedrooms: 3 bedrooms (Master on main, additional bedrooms on main and second level); Bedroom dimensions include 12 x 12 (master), 11 x 12, and 24 x 12
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: 6 total rooms; Full, unfinished basement
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $411 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $280k).
• Cap rate 8.1% vs local median 4.4% in Elmwood Park — 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 83/100 on livability (#41 in IL, #865 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, crime A-; Watch: schools D+.
• Elmwood Park CUSD 401 (suburban): math 15% / reading 26% proficiency, ranked #403 of 620 in IL (top 65%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+7.2%/yr); 58 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• At $3,230/mo this rent would consume 46% of the median local household income ($85k/yr) (locally 1195% 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 7.2% rent growth), your $78k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $280,000

Questions for the listing agent

1. Built in 1928 — 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 D-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. 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.
5. 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.
6. 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: 1.15% ✓
• Cap rate: 8.05%
• Cash-on-cash: 6.29%
• DSCR: 1.28
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $355,047
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2546 Webster St	0.14mi	2/2.0 (-1)	1,517 (-1%)	2mo	$315,000	$208	85
2547 Davisson St	0.23mi	3/2.0	1,677 (+9%)	1mo	$340,000	$203	73
2504 N Budd St	0.50mi	3/2.0	1,532 (-0%)	3mo	$440,000	$287	73
2412 N West Brook Rd	0.14mi	3/1.5	1,703 (+11%)	1mo	$418,950	$246	73
7960 W Birchdale Ave	0.32mi	3/2.0	1,659 (+8%)	3mo	$371,000	$224	69
2131 N 76th Ct	0.57mi	4/3.0 (+1)	1,557 (+1%)	1mo	$287,000	$184	61
7825 W Cressett Dr	0.31mi	4/3.0 (+1)	1,398 (-9%)	1mo	$405,000	$290	61
7944 W Metropole St	0.68mi	3/2.5	1,494 (-3%)	3mo	$362,000	$242	59
3047 N 79th Ave	0.71mi	3/1.5	1,432 (-7%)	4mo	$325,000	$227	50
2301 N 74th Ct	0.66mi	3/2.0	1,342 (-13%)	1mo	$277,500	$207	47
3023 N 76th Ct	0.74mi	3/2.0	1,728 (+12%)	1mo	$399,000	$231	44
2224 N 75th Ct	0.57mi	4/2.0 (+1)	1,312 (-15%)	5mo	$385,000	$293	40

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 · 7.21% rent growth · sell at horizon

5-year hold

• IRR: -1.5%
• Equity multiple: 0.94×
• Total profit: $-4,768
• Equity at exit: $41,749

10-year hold

• IRR: 12.5%
• Equity multiple: 2.20×
• Total profit: $94,089
• Equity at exit: $24,209

Cash invested: $78,400 (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 60707

• Rents YoY: 7.2%
• Active inventory: 58
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $3,230 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$556 /mo · $6,667/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$678
• Net cashflow: $411

Break-even live

Break-even rent $2,710

Max offer price $280,000

Occupancy floor 82%

Sensitivity live

Price	-10% $569	-5% $490	+0% $411	+5% $332	+10% $252
Rent	-10% $156	-5% $283	+0% $411	+5% $538	+10% $666
Rate	-1.0pp $552	-0.5pp $482	base $411	+0.5pp $338	+1.0pp $265

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2442 N 77th Ct Unit 2 Elmwood Park, IL	3.0	1.5	2000	$2,509	$1.25	44d	1	0.22mi
20 Conti Pkwy #401 Chicago, IL	2.0	2.0	1500	$2,550	$1.70	44d	1	0.29mi
20 Conti Pkwy #302 Chicago, IL	2.0	2.0	1450	$2,525	$1.74	18d	1	0.29mi
20 Conti Pkwy Unit 101 Chicago, IL	2.0	2.0	1500	$2,575	$1.72	18d	1	0.29mi
7659 W Sunset Dr Elmwood Park, IL	4.0	3.0	1600	$3,400	$2.12	25d	1	0.30mi
2805 N 75th Ct Unit 3A Elmwood Park, IL	2.0	2.0	1050	$2,400	$2.29	44d	1	0.58mi
8020 Oconnor Dr Unit 205 River Grove, IL	2.0	2.0	1234	$3,495	$2.83	25d	1	0.59mi
8020 Oconnor Dr #207 River Grove, IL	2.0	2.0	1234	$3,550	$2.88	25d	1	0.59mi
8020 Oconnor Dr #101 River Grove, IL	2.0	2.0	1234	$3,350	$2.71	25d	1	0.59mi
8000 Oconnor Dr River Grove, IL	1.0–2.0	1.5–2.0	1167	$3,340	$2.86	1d	1	0.59mi
8040 Oconnor Dr Unit 305 River Grove, IL	2.0	2.0	1234	$3,340	$2.71	25d	1	0.61mi
8040 Oconnor Dr Unit 110 River Grove, IL	2.0	2.0	1234	$3,195	$2.59	25d	1	0.61mi
8020 Oconnor Dr #305 River Grove, IL	2.0	2.0	1234	$3,450	$2.80	25d	1	0.61mi
8020 Oconnor Dr #103 River Grove, IL	2.0	2.0	1234	$3,395	$2.75	25d	1	0.61mi
8020 Oconnor Dr #307 River Grove, IL	2.0	2.0	1234	$3,595	$2.91	25d	1	0.61mi
8040 Oconnor Dr Unit 205 River Grove, IL	2.0	2.0	1234	$3,240	$2.63	25d	1	0.63mi
8040 Oconnor Dr #210 River Grove, IL	2.0	2.0	1234	$3,295	$2.67	25d	1	0.63mi
2530 N 74th Ave #3 Elmwood Park, IL	3.0	2.0	1800	$2,500	$1.39	21d	1	0.64mi
3000 Cottonwood Ln River Grove, IL	3.0–4.0	3.5	2159	$4,800	$2.22	1d	7	0.65mi
3002 Cottonwood Ln River Grove, IL	4.0	3.5	2200	$4,800	$2.18	1d	1	0.66mi
3007 Cottonwood Ln River Grove, IL	4.0	3.5	2200	$4,800	$2.18	13d	1	0.66mi
3007 Birch Ln River Grove, IL	4.0	3.5	2200	$4,500	$2.05	22d	1	0.66mi
3006 Birch Ln River Grove, IL	4.0	3.5	2200	$5,300	$2.41	1d	1	0.66mi
2702 N 74th Ave Unit 2 Elmwood Park, IL	3.0	1.5	1400	$2,750	$1.96	25d	1	0.68mi
3017 Cottonwood Ln River Grove, IL	4.0	3.5	2200	$4,800	$2.18	17d	1	0.68mi
3016 Cottonwood Ln River Grove, IL	4.0	3.5	2200	$4,800	$2.18	18d	1	0.69mi
2807 N 74th Ct Elmwood Park, IL	2.0	1.5	1260	$1,975	$1.57	44d	1	0.70mi
7353 W Grand Ave Elmwood Park, IL	2.0	2.0	1190	$2,650	$2.23	25d	1	0.70mi
3100 Birch Ln River Grove, IL	4.0	3.5	2200	$5,300	$2.41	1d	1	0.71mi
3107 Cottonwood Ln River Grove, IL	4.0	3.5	2200	$4,800	$2.18	25d	1	0.72mi
3106 Birch Ln River Grove, IL	4.0	3.5	2200	$5,300	$2.41	1d	1	0.72mi
8036 Pine Ct River Grove, IL	4.0	3.5	2200	$5,300	$2.41	1d	1	0.74mi
3115 Birch Ln River Grove, IL	4.0	3.5	2200	$4,800	$2.18	13d	1	0.74mi
3017 Birch Ln River Grove, IL	4.0	3.5	2200	$4,800	$2.18	13d	1	0.74mi
3117 Birch Ln River Grove, IL	4.0	3.5	2200	$5,000	$2.27	13d	1	0.74mi
3102 Birch Ln River Grove, IL	4.0	3.5	2200	$5,000	$2.27	2d	1	0.74mi
3114 Birch Ln River Grove, IL	4.0	3.5	2200	$5,000	$2.27	5d	1	0.74mi
8212 W Walsh Ln Apt 1 River Grove, IL	3.0	3.0	2200	$2,600	$1.18	3d	1	0.75mi
8471 W Grand Ave River Grove, IL	2.0	2.0	1200	$2,650	$2.21	25d	1	0.76mi
8001 Belmont Ave River Grove, IL	1.0–3.0	1.0–3.0	1030	$3,690	$3.58	5d	20	0.81mi

Listing history 6 events

1. 2026-06-18
   days on market $280,000 Active 6 DOM
2. 2026-06-17
   days on market $280,000 Active 5 DOM
3. 2026-06-16
   days on market $280,000 Active 4 DOM
4. 2026-06-15
   days on market $280,000 Active 3 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $280,000 Active 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: $6,667 · $556/mo
• Projected year-2 tax: $6,667 · $556/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,757
• − Mortgage interest: −$15,684
• − Property taxes: −$6,667
• − Insurance: −$1,400
• − Repairs & maintenance: −$3,101
• − Management: −$3,101
• − Depreciation: −$8,145
• Taxable income: $659
• Est. tax owed @ 24.0%: −$158
• After-tax cash flow: $4,772/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: Elmwood Park CUSD 401
• NCES district ID: 1714100
• Math proficiency: 15% ▼ -14.00%
• Reading proficiency: 26% ▼ -14.00%
• Median HH income: $54,600
• Composite: 18.73/100
• National rank: #8879
• State rank: #403 of 620 in IL

Livability — Elmwood Park

• Score: 83/100
• State rank: #41
• US rank: #865

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elmwood Park, IL
• County: Cook County · 4,486,803 people
• City population: 41,116
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 41,116
• Household income: $84,799
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1195.0

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 45% Hispanic / Latino 43% Two or more races 14% Black 7% Asian 3%
• Hispanic origin (detail): Mexican 22% Puerto Rican 12% Cuban 1%
• Common ancestry: Romanian 13% Subsaharan African 2% Scotch-Irish 1%
• Foreign-born: 25% · Canada, Jamaica, Dominican Republic
• Languages at home: 54% English-only · Spanish 29% Russian/Polish/Slavic 11% Other Indo-European 3%

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: ▼ -256.46%
• Current HPI: 222.8083
• Rent YoY: ▲ 7.21%
• 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

1 event — show timeline

• 2026-06-12 Listed $280,000 MRED as Distributed by MLS Grid

Property tax history

+4.5%/yr

Latest (2023): $6,667 · +3.9% YoY. Source: county tax records.