313 153rd Pl · Calumet City, IL 60409

$136,900

3 bd · 1.0 ba · 1,062 sqft · SingleFamily public records · 141 Days on market

Built 1923 3,123 sqft lot Est $144k · 5% 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 +20.5/30.0
• ARV discount +9.8/15.0
• 1% rule +7.6/10.0
• DSCR +6.5/10.0
• 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

Great opportunity for first time homebuyer. or savvy investor to take this one to the finish line! TALE OF THE TAPE: First floor rent ready & vacant with a new kitchen & bath, floors, windows, tuck-pointing, pavers, siding & Roof. Really beautiful work! Basement is already dug and ready for build-out and a 4th bedroom. Remaining work to complete includes: 1) Copper water connections 2) Hot water heater 3) GFA 4) AC 5) Drain tile 6) Steel posts and beams 7) Slab. Large parking area for 6 cars, low taxes and Market Rents are 2K and FMV sales are north of 250K Selling at a Deep discount to FMV. Seller will provide engineer's drawing for the post & beam work.

Key facts

• Pavers
• New bath
• New kitchen

Tags

• NEW KITCHEN
• NEW BATH
• HARDWOOD FLOORS
• TUCK-POINTING
• PAVERS
• SIDING

Property features AI

Finance

• Other: Property was rehabbed (2017); Living area source: Appraiser
• HOA & community: No master association fee required

Exterior

• Utilities: Water: Lake Michigan; Public sewer
• Home design: Detached single-family home; One-story layout; Fee simple ownership; Rehab completed in 2017
• Construction: Brick construction; Property more than 100 years old; Built before 1978
• Exterior features: Lot under 0.25 acre

Interior

• Kitchen: Kitchen (main level) — 12 x 12, wood laminate flooring
• Bedrooms: Master bedroom (main level) — 12 x 14, carpet; Bedroom 2 (main level) — 12 x 14, carpet; Bedroom 3 (main level) — 12 x 14, carpet; Additional bedroom listed
• Flooring: Carpet in bedrooms; Wood laminate in living areas and kitchen
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating
• Interior features: 6 total rooms; Unfinished full basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $137k.

Deal economics

• At list price, monthly cash flow is $180 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $137k).
• Recommended offer: $120k (12.0% below list) — sets the bar for market timing.

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 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.
• Market conditions: Rents rising fast (+6.2%/yr); 198 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 38% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $946 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($120k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 15y ago; this cycle's ask has dropped $13k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $137k implies a 448% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price; built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $120,472 (12.0% below list)

Questions for the listing agent

1. It's been on market 141 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.26% ✓
• Cap rate: 7.87%
• Cash-on-cash: 5.63%
• DSCR: 1.25
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $144,432
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
302 153rd St	0.10mi	3/1.0	1,016 (-4%)	2mo	$175,000	$172	87
303 W 153rd Pl	0.02mi	3/1.0	1,188 (+12%)	1mo	$65,000	$55	78
608 Forsythe Ave	0.30mi	2/1.0 (-1)	984 (-7%)	3mo	$137,500	$140	66
503 Webb St	0.54mi	2/1.0 (-1)	1,093 (+3%)	1mo	$20,000	$18	64
243 Waltham St	0.73mi	3/1.0	1,032 (-3%)	3mo	$200,000	$194	59
518 156th Pl	0.42mi	3/2.0	1,165 (+10%)	3mo	$167,000	$143	58
527 155th Pl	0.37mi	2/1.0 (-1)	947 (-11%)	3mo	$82,900	$88	58
211 Waltham St	0.73mi	3/2.0	1,101 (+4%)	1mo	$150,000	$136	55
419 157th St	0.44mi	4/2.0 (+1)	957 (-10%)	3mo	$80,000	$84	52
866 Greenbay Ave	0.63mi	3/2.0	1,163 (+10%)	3mo	$200,000	$172	48
423 157th St	0.45mi	4/1.5 (+1)	1,212 (+14%)	1mo	$25,000	$21	48
422 Garfield Ave	0.46mi	2/2.0 (-1)	920 (-13%)	1mo	$49,000	$53	46

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: -3.2%
• Equity multiple: 0.87×
• Total profit: $-4,869
• Equity at exit: $20,412

10-year hold

• IRR: 10.3%
• Equity multiple: 1.94×
• Total profit: $36,150
• Equity at exit: $11,837

Cash invested: $38,332 (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: 6.6×

Monthly cashflow live

• Estimated rent: $1,731 high
• Mortgage (P&I): −$718
• Tax from tax record: −$413 /mo · $4,951/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $180

Break-even live

Break-even rent $1,503

Max offer price $136,900

Occupancy floor 85%

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: $34,225
• Closing costs: $4,107
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
323 Memorial Dr Unit 2 Calumet City, IL	2.0	1.0	1000	$1,600	$1.60	24d	1	0.20mi
115 157th St Unit 3 Calumet City, IL	3.0	1.0	800	$1,350	$1.69	24d	1	0.48mi
634 Sibley Blvd Calumet City, IL	1.0–2.0	1.0	710	$1,450	$2.04	4d	2	0.49mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	24d	1	0.74mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	12d	1	0.75mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	24d	1	0.79mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	1d	1	0.80mi
4624 Towle Ave Hammond, IN	4.0	2.0	1500	$2,500	$1.67	2d	1	1.26mi
4624 Towle Ave Hammond, IN	4.0	2.0	1500	$2,500	$1.67	1d	1	1.26mi
671 Saginaw Ave Calumet City, IL	3.0	2.0	1250	$2,276	$1.82	10d	1	1.27mi
2790 E State St Apt 2E Burnham, IL	3.0	2.0	1100	$1,695	$1.54	24d	1	1.30mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	7d	1	1.33mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	24d	1	1.38mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	16d	1	1.38mi
1338 Wentworth Ave Unit 1338 Calumet City, IL	2.0	1.0	800	$1,430	$1.79	24d	1	1.40mi
2605 E Martha Pl Chicago, IL	2.0	2.0	1353	$1,860	$1.37	21d	1	1.46mi

Listing history 46 events

1. 2026-06-18
   days on market $136,900 Active 141 DOM
2. 2026-06-17
   days on market $136,900 Active 140 DOM
3. 2026-06-16
   days on market $136,900 Active 139 DOM
4. 2026-06-15
   days on market $136,900 Active 138 DOM
5. 2026-06-13
   days on market $136,900 Active 136 DOM
6. 2026-06-09
   days on market $136,900 Active 132 DOM
7. 2026-06-08
   days on market $136,900 Active 131 DOM
8. 2026-06-07
   pricedays on market $136,900 Active 130 DOM
9. 2026-06-04
   days on market $137,900 Active 127 DOM
10. 2026-06-03
    days on market $137,900 Active 126 DOM
11. 2026-06-02
    days on market $137,900 Active 125 DOM
12. 2026-06-01
    days on market $137,900 Active 124 DOM
13. 2026-05-31
    days on market $137,900 Active 123 DOM
14. 2026-05-20
    price $137,900
15. 2026-05-12
    price $138,900
16. 2026-03-18
    price $139,200
17. 2026-02-24
    price $144,000
18. 2026-01-28
    listed $150,000 Active
19. 2022-07-23
    historical
20. 2022-07-16
    price
21. 2022-07-14
    price
22. 2022-07-07
    price
23. 2022-07-03
    price
24. 2022-06-27
    price
25. 2022-06-21
    price
26. 2022-06-19
    price
27. 2022-06-13
    listed Active
28. 2019-03-27
    historical Contingent
29. 2019-03-27
    historical
30. 2019-02-05
    status Reactivated
31. 2019-02-04
    historical
32. 2018-09-18
    price
33. 2018-08-03
    status Reactivated
34. 2018-07-24
    historical Contingent
35. 2018-06-12
    price
36. 2018-02-28
    price
37. 2018-02-06
    listed New
38. 2011-07-26
    historical
39. 2011-07-14
    price Price Change
40. 2011-06-15
    price Price Change
41. 2011-06-15
    status Price Change
42. 2011-06-13
    status Pending
43. 2011-05-25
    price Price Change
44. 2011-04-22
    listed New
45. 2005-01-13
    soldstatus $25,000
46. 2005-01-13
    soldstatus $113,000

ⓘ 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: $4,951 · $413/mo
• Projected year-2 tax: $4,951 · $413/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 ≥102°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 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,768
• − Mortgage interest: −$7,669
• − Property taxes: −$4,951
• − Insurance: −$684
• − Repairs & maintenance: −$1,661
• − Management: −$1,661
• − Depreciation: −$3,983
• Taxable income: $159
• Est. tax owed @ 24.0%: −$38
• After-tax cash flow: $2,118/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

+451.6% since first listed

33 events — show timeline

• 2026-05-20 Price Changed $137,900 MRED as Distributed by MLS Grid
• 2026-05-12 Price Changed $138,900 MRED as Distributed by MLS Grid
• 2026-03-18 Price Changed $139,200 MRED as Distributed by MLS Grid
• 2026-02-24 Price Changed $144,000 MRED as Distributed by MLS Grid
• 2026-01-28 Listed $150,000 MRED as Distributed by MLS Grid
• 2022-07-23 Listing Removed — MRED as Distributed by MLS Grid
• 2022-07-16 Price Changed — MRED as Distributed by MLS Grid
• 2022-07-14 Price Changed — MRED as Distributed by MLS Grid
• 2022-07-07 Price Changed — MRED as Distributed by MLS Grid
• 2022-07-03 Price Changed — MRED as Distributed by MLS Grid
• 2022-06-27 Price Changed — MRED as Distributed by MLS Grid
• 2022-06-21 Price Changed — MRED as Distributed by MLS Grid
• 2022-06-19 Price Changed — MRED as Distributed by MLS Grid
• 2022-06-13 Listed — MRED as Distributed by MLS Grid
• 2019-03-27 Contingent — MRED as Distributed by MLS Grid
• 2019-03-27 Listing Removed — MRED as Distributed by MLS Grid
• 2019-02-05 Relisted — MRED as Distributed by MLS Grid
• 2019-02-04 Listing Removed — MRED as Distributed by MLS Grid
• 2018-09-18 Price Changed — MRED as Distributed by MLS Grid
• 2018-08-03 Relisted — MRED as Distributed by MLS Grid
• 2018-07-24 Contingent — MRED as Distributed by MLS Grid
• 2018-06-12 Price Changed — MRED as Distributed by MLS Grid
• 2018-02-28 Price Changed — MRED as Distributed by MLS Grid
• 2018-02-06 Listed — MRED as Distributed by MLS Grid
• 2011-07-26 Listing Removed — MRED as Distributed by MLS Grid
• 2011-07-14 Price Changed — MRED as Distributed by MLS Grid
• 2011-06-15 Relisted — MRED as Distributed by MLS Grid
• 2011-06-15 Price Changed — MRED as Distributed by MLS Grid
• 2011-06-13 Pending — MRED as Distributed by MLS Grid
• 2011-05-25 Price Changed — MRED as Distributed by MLS Grid
• 2011-04-22 Listed — MRED as Distributed by MLS Grid
• 2005-01-13 Sold (Public Records) $113,000 Public Records
• 2005-01-13 Sold (Public Records) $25,000 Public Records

Property tax history

+2.7%/yr

Latest (2023): $4,951 · +93.7% YoY. Source: county tax records.