7737 Odell Ave · Bridgeview, IL 60455

$297,000

3 bd · 1.0 ba · 1,350 sqft · SingleFamily public records · 50 Days on market

Built 1965 7,980 sqft lot Est $290k · at est.

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Why this score? — see what drove the D 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 +15.2/30.0
• ARV discount +6.5/15.0
• DSCR +4.7/10.0
• Livability +3.8/5.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Solid Bridgeview Bungalow with Space, Character & Room to Make It Your Own. Classic bungalow charm meets everyday functionality in this well-loved 3-bedroom, 1.5-bath home offering more square footage than meets the eye. Hardwood floors run through the living room, dining room, and all three bedrooms, giving the home a warm, timeless feel that's hard to find at this price point. The layout is practical and livable - a dedicated eat-in kitchen plus a separate dining room gives you flexibility for both casual meals and entertaining. West-facing exposure fills the main living spaces with natural afternoon light throughout the day. Step outside to a generously sized fenced yard - ideal fo

Key facts

• 7,980 sq ft lot
• 2 garage spots
• Built 1965

Property features AI

Finance

• Other: Property not currently leased; Possession at closing
• Financial info: No special service area
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with garage door opener; Garage owned (2 garage spaces, 2 total parking spaces); Concrete driveway/path
• Security: No specific security systems listed
• Utilities: Water from Lake Michigan; Public sewer
• Home design: Detached single-family home; One-story layout; Fee simple ownership
• Construction: Brick construction; Built approximately 61–70 years ago; Concrete perimeter foundation; Built before 1978
• Exterior features: Fenced yard; Street lights, sidewalks, curbs, paved streets; Park and tennis courts nearby; School bus service and commuter bus access

Interior

• Kitchen: Eating area / table space; Refrigerator; Cooktop; Oven; Range hood
• Bedrooms: Three bedrooms (all on main level); Master bedroom on main level
• Flooring: Hardwood on main living areas and bedrooms; Tile in kitchen; Other flooring in finished basement family room
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Seven total rooms; Partially finished, full basement; Ceiling fan(s); Sump pump with backup
• Laundry & utility: Laundry in unit (basement) with sink; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $297k.

Deal economics

• At list price, monthly cash flow is $105 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $252k (15.2% below list).
• Recommended offer: $252k (15.2% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.1% in Bridgeview — 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 76/100 on livability (#188 in IL, #3,548 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living A; Watch: health & safety D+.
• Argo Chsd 217 (suburban): math 20% / reading 20% proficiency, ranked #423 of 620 in IL (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Argo Community High School (math 20% / reading 20%, grade F, #357 of 693 statewide, top 54%, 1,924 students, 0% FRL).
• Market conditions: 41 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($288k) is reasonable based on typical stale-listing flexibility.

Recommended offer $251,737 (15.2% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.85% ✗
• Cap rate: 6.72%
• Cash-on-cash: 1.52%
• DSCR: 1.07
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $290,250
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7737 Odell Ave	0.00mi	3/1.5	1,350 (0%)	1mo	$300,000	$222	98
8101 S Oketo Ave	0.43mi	3/1.0	1,254 (-7%)	2mo	$355,500	$283	67
7712 S Oketo Ave	0.10mi	3/2.0	1,548 (+15%)	3mo	$321,000	$207	64
7153 W 72nd St	0.72mi	3/1.5	1,344 (-0%)	2mo	$251,000	$187	62
7530 S Oconto Ave	0.30mi	3/1.0	1,208 (-10%)	8mo	$235,000	$195	62
8225 Beloit Ave	0.62mi	3/2.0	1,315 (-3%)	7mo	$306,000	$233	57
7744 W 81 St	0.68mi	3/1.0	1,300 (-4%)	9mo	$131,000	$101	55
7710 W 81st Pl	0.65mi	3/1.0	1,414 (+5%)	9mo	$260,000	$184	54
7736 Oak Park Ave	0.66mi	3/1.0	1,252 (-7%)	9mo	$257,000	$205	50
7949 Newland Ave	0.57mi	2/1.0 (-1)	1,208 (-10%)	3mo	$260,000	$215	48
7711 W 82nd St	0.72mi	3/2.0	1,440 (+7%)	4mo	$347,000	$241	48
8053 Newland Ave	0.66mi	3/1.5	1,168 (-14%)	3mo	$347,500	$298	43

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.50×
• Total profit: $-41,488
• Equity at exit: $44,284

10-year hold

• IRR: -5.1%
• Equity multiple: 0.67×
• Total profit: $-27,761
• Equity at exit: $25,679

Cash invested: $83,160 (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 60455

• Active inventory: 41
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,517 medium
• Mortgage (P&I): −$1,558
• Tax from tax record: −$202 /mo · $2,426/yr
• Insurance: −$124
• HOA: −$0
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $105

Break-even live

Break-even rent $2,384

Max offer price $297,000

Occupancy floor 91%

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: $74,250
• Closing costs: $8,910
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7139 W 74th Pl Chicago, IL	4.0	1.5	1594	$2,900	$1.82	1d	1	0.46mi
7139 W 74th St Chicago, IL	3.0	1.5	1323	$2,700	$2.04	7d	1	0.52mi
8112 Marion Dr Unit 2W Justice, IL	2.0	1.0	900	$1,600	$1.78	13d	1	1.08mi
7915 S 84th Ave Unit 6 Justice, IL	2.0	2.0	1500	$1,800	$1.20	24d	1	1.34mi
7847 Melvina Ave Burbank, IL	3.0	1.0	1056	$3,900	$3.69	1d	1	1.44mi

Listing history 4 events

1. 2026-05-31
   status $297,000 Pending 50 DOM
2. 2026-04-14
   historical Contingent - Continue to Show
3. 2026-04-10
   listed $297,000 Active
4. 2026-04-09
   historical

ⓘ 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: $2,426 · $202/mo
• Projected year-2 tax: $4,584 · $382/mo
• Expected delta: +$2,158/yr (+$180/mo · 88.9%)

ⓘ 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 ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,208
• − Mortgage interest: −$16,637
• − Property taxes: −$2,426
• − Insurance: −$1,485
• − Repairs & maintenance: −$2,417
• − Management: −$2,417
• − Depreciation: −$8,640
• Taxable loss: −$3,813
• Est. tax savings @ 24.0%: +$915
• After-tax cash flow: $2,178/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: Argo Chsd 217
• NCES district ID: 1704020
• Math proficiency: 20% ▼ -7.00%
• Reading proficiency: 20% ▼ -6.00%
• Median HH income: $47,451
• Composite: 17.68/100
• National rank: #9026
• State rank: #423 of 620 in IL

Livability — Bridgeview

• Score: 76/100
• State rank: #188
• US rank: #3548

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeview, IL
• City population: 16,765
• Population (ZIP): 16,765

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: Majority White (60%)
• Race & ethnicity: White 60% Hispanic / Latino 31% Two or more races 12% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 25% Puerto Rican 4%
• Common ancestry: Romanian 17% Iranian 1%
• Foreign-born: 24% · Canada, China
• Languages at home: 56% English-only · Spanish 22% Russian/Polish/Slavic 10% Arabic 9%

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: ▼ -141.95%
• Current HPI: 212.6657
• Rent YoY: —
• Metro: —
• 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

3 events — show timeline

• 2026-04-14 Contingent — MRED as Distributed by MLS Grid
• 2026-04-10 Listed $297,000 MRED as Distributed by MLS Grid
• 2026-04-09 Listing Removed — MRED as Distributed by MLS Grid

Property tax history

+0.0%/yr

Latest (2023): $2,426 · -16.3% YoY. Source: county tax records.