1490 Stanley Blvd · Calumet City, IL 60409

$110,000

3 bd · 1.0 ba · 1,010 sqft · SingleFamily public records · 61 Days on market

Built 1956 5,994 sqft lot Est $141k · 22% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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 MLS

UPDATE: No longer tenant-occupied. NOW OPEN TO ALL HOME BUYERS. Located in Calumet City, this 3 bedroom, 1 bath ranch offers a great opportunity for homeowners or investors. While it needs a few updates, this home features a single-level layout, a detached garage, a manageable yard, and a newer concrete driveway. Conveniently located near Schrum Memorial Middle School. Quick close available, schedule your showing today.

Key facts

• Manageable yard
• Single-level layout
• Detached garage

Tags

• SINGLE-LEVEL LAYOUT
• DETACHED GARAGE
• MANAGEABLE YARD
• IMMEDIATE RENTAL INCOME
• TURNKEY OPPORTUNITY

Property features AI

Finance

• Other: Fee simple ownership; Property is not currently leased; Estimated living area (approx. 1,010 finished square feet); Built before 1978; Parcel number 30203120380000
• Financial info: Special service area: No
• HOA & community: No master association fees required

Exterior

• Parking: Detached concrete garage with 2 garage spaces (2 total parking spaces)
• Utilities: Water from Lake Michigan and public supply; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Built approximately 61–70 years ago; Vinyl siding and brick exterior
• Exterior features: Flood zone; Lot dimensions approximately 54 x 111; Lot smaller than 0.25 acre

Interior

• Kitchen: Kitchen (main level, 9 x 16)
• Bedrooms: 3 bedrooms (all on the main level); Master bedroom (main level, 9 x 13); Bedroom 2 (main level, 9 x 13); Bedroom 3 (main level, 9 x 10)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Five total rooms; Dining room; Family room; Living room (11 x 17)
• Laundry & utility: Dedicated laundry room

🏷️ Possibly a rental listed for sale. The $110,000 price doesn't fit this home's estimated sale value (~$141,400) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $562 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 8.2% 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-, 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; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 36% 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 $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $66k; list at $110k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $103,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.52% ✓
• Cap rate: 12.43%
• Cash-on-cash: 21.90%
• DSCR: 1.97
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $141,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1531 Lincoln Ave	0.22mi	3/1.0	1,109 (+10%)	1mo	$170,000	$153	73
1554 Burnham Ave	0.27mi	2/1.0 (-1)	945 (-6%)	2mo	$125,000	$132	70
17115 Park Ave	0.57mi	3/1.0	1,030 (+2%)	2mo	$179,999	$175	69
1394 Forest Pl	0.29mi	3/1.0	1,147 (+14%)	2mo	$81,000	$71	62
116 163rd St	0.46mi	3/1.0	1,125 (+11%)	1mo	$61,500	$55	59
1382 Burnham Ave	0.34mi	3/1.5	1,147 (+14%)	1mo	$105,000	$92	59
1374 Kenilworth Dr	0.46mi	3/2.0	1,111 (+10%)	0mo	$138,000	$124	58
17222 Roy St	0.57mi	2/1.0 (-1)	945 (-6%)	1mo	$149,900	$159	57
1263 Mackinaw Ave	0.64mi	3/1.5	1,102 (+9%)	1mo	$175,900	$160	52
1636 State Line Rd	0.63mi	3/3.0	1,084 (+7%)	2mo	$241,000	$222	49
43 162nd Pl	0.52mi	3/2.5	1,135 (+12%)	0mo	$159,000	$140	48
910 163rd St	0.66mi	3/1.5	1,160 (+15%)	1mo	$150,000	$129	42

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: 18.1%
• Equity multiple: 1.76×
• Total profit: $23,510
• Equity at exit: $16,401

10-year hold

• IRR: 28.7%
• Equity multiple: 3.95×
• Total profit: $90,799
• Equity at exit: $9,511

Cash invested: $30,800 (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: 5.5×

Monthly cashflow live

• Estimated rent: $1,674 high
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $562

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 61%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 17 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	12d	1	0.35mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	7d	1	0.47mi
1338 Wentworth Ave Unit 1338 Calumet City, IL	2.0	1.0	800	$1,430	$1.79	24d	1	0.50mi
3069 Bernice Rd Apt 2N Lansing, IL	3.0	1.0	950	$1,535	$1.62	20d	1	0.82mi
3069 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	950	$1,535	$1.62	2d	1	0.83mi
3023 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	1000	$1,600	$1.60	1d	1	0.85mi
3649 173rd Ct Lansing, IL	2.0	2.0	972	$1,357	$1.40	24d	1	0.87mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	24d	1	1.13mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	16d	1	1.13mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	1d	1	1.15mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	24d	1	1.26mi
3020 178th St Unit C1 Lansing, IL	2.0	1.0	900	$1,550	$1.72	1d	1	1.28mi
3020 178th St Apt C7 Lansing, IL	2.0	1.0	900	$1,550	$1.72	24d	1	1.28mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	12d	1	1.30mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	24d	1	1.30mi
17723 Exchange Ave Unit 17723-1N Lansing, IL	3.0	2.0	1100	$1,800	$1.64	1d	1	1.41mi
115 157th St Unit 3 Calumet City, IL	3.0	1.0	800	$1,350	$1.69	24d	1	1.45mi

Listing history 17 events

1. 2026-06-16
   status $110,000 Pending 61 DOM
2. 2026-06-15
   days on market $110,000 Contingent - Continue to Show 61 DOM
3. 2026-06-13
   days on market $110,000 Contingent - Continue to Show 59 DOM
4. 2026-06-09
   days on market $110,000 Contingent - Continue to Show 55 DOM
5. 2026-06-08
   days on market $110,000 Contingent - Continue to Show 54 DOM
6. 2026-06-07
   days on market $110,000 Contingent - Continue to Show 53 DOM
7. 2026-06-04
   days on market $110,000 Contingent - Continue to Show 50 DOM
8. 2026-06-03
   days on market $110,000 Contingent - Continue to Show 49 DOM
9. 2026-06-02
   days on market $110,000 Contingent - Continue to Show 48 DOM
10. 2026-06-01
    days on market $110,000 Contingent - Continue to Show 47 DOM
11. 2026-05-31
    statusdays on market $110,000 Contingent - Continue to Show 46 DOM
12. 2026-05-19
    price $110,000

    Show marketing remark (423 chars)

    UPDATE: No longer tenant-occupied. NOW OPEN TO ALL HOME BUYERS. Located in Calumet City, this 3 bedroom, 1 bath ranch offers a great opportunity for homeowners or investors. While it needs a few updates, this home features a single-level layout, a detached garage, a manageable yard, and a newer concrete driveway. Conveniently located near Schrum Memorial Middle School. Quick close available, schedule your showing today.

13. 2026-05-19
    price $110,000 423-char remark

    Show marketing remark (423 chars)

    UPDATE: No longer tenant-occupied. NOW OPEN TO ALL HOME BUYERS. Located in Calumet City, this 3 bedroom, 1 bath ranch offers a great opportunity for homeowners or investors. While it needs a few updates, this home features a single-level layout, a detached garage, a manageable yard, and a newer concrete driveway. Conveniently located near Schrum Memorial Middle School. Quick close available, schedule your showing today.

14. 2026-04-15
    listed $124,900 Active

    Show marketing remark (423 chars)

    UPDATE: No longer tenant-occupied. NOW OPEN TO ALL HOME BUYERS. Located in Calumet City, this 3 bedroom, 1 bath ranch offers a great opportunity for homeowners or investors. While it needs a few updates, this home features a single-level layout, a detached garage, a manageable yard, and a newer concrete driveway. Conveniently located near Schrum Memorial Middle School. Quick close available, schedule your showing today.

15. 2026-04-15
    listed $124,900 Active 423-char remark

    Show marketing remark (423 chars)

    UPDATE: No longer tenant-occupied. NOW OPEN TO ALL HOME BUYERS. Located in Calumet City, this 3 bedroom, 1 bath ranch offers a great opportunity for homeowners or investors. While it needs a few updates, this home features a single-level layout, a detached garage, a manageable yard, and a newer concrete driveway. Conveniently located near Schrum Memorial Middle School. Quick close available, schedule your showing today.

16. 1996-01-03
    soldstatus $66,000
17. 1987-06-01
    soldstatus $45,000

ⓘ 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 4/10 Moderate FEMA zone X (shaded) · 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: $20,086
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,607
• − Management: −$1,607
• − Depreciation: −$3,200
• Taxable income: $5,310
• Est. tax owed @ 24.0%: −$1,274
• After-tax cash flow: $5,471/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

+144.4% since first listed

6 events — show timeline

• 2026-05-19 Price Changed $110,000 MRED as Distributed by MLS Grid
• 2026-05-19 Price Changed $110,000 NIRA MLS as Distributed by MLS Grid
• 2026-04-15 Listed $124,900 NIRA MLS as Distributed by MLS Grid
• 2026-04-15 Listed $124,900 MRED as Distributed by MLS Grid
• 1996-01-03 Sold (Public Records) $66,000 Public Records
• 1987-06-01 Sold (Public Records) $45,000 Public Records

Property tax history

+5.4%/yr

Latest (2023): $7,233 · +24.6% YoY. Source: county tax records.