382 Chappel Ave · Calumet City, IL 60409

$189,900

3 bd · 1.5 ba · 1,064 sqft · SingleFamily public records · 83 Days on market

Built 1965 629 sqft lot

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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 +21.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +5.6/10.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss this wonderfully rehabbed 3 bed 1.5 bath home located near the park and shopping! Move-in ready with new floors throughout and ALL NEW kitchen including stainless steel appliances, soft-close shaker cabinets, granite countertops, subway tile backsplash. This incredible VALUE won't last long - Easy to show, see it today!!

Key facts

• Attached deck
• Updated kitchen
• Granite countertops

Tags

• SPACIOUS LIVING AREAS
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• OVERSIZED BACKYARD
• ATTACHED DECK

Property features AI

Finance

• Other: Parcel number: 29121200330000
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (owned) with 2 garage spaces; Driveway parking; Concrete surfaces; Total parking for 4 vehicles
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Detached single-family split-level home; Rehab completed in 2019; Built 61–70 years ago; Fee simple ownership; Interstate access nearby
• Construction: Vinyl siding and brick exterior; Built before 1978; No rebuilt status indicated
• Exterior features: Lot smaller than 1/4 acre; Lot dimensions: 6300

Interior

• Kitchen: Kitchen located on lower level
• Bedrooms: 3 bedrooms (master and additional bedrooms on second level)
• Bathrooms: 1 full bathroom; 1 half bathroom; Basement bathroom available
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Finished partial basement; 6 total rooms
• Laundry & utility: Laundry room on lower level (common area)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $179k (6.0% 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 Twp Hsd 205 (suburban): math 7% / reading 8% proficiency, ranked #594 of 620 in IL (top 96%) — 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; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 44% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $53k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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.
• Current owner paid $145k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $178,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 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 1965 — 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: 1.06% ✓
• Cap rate: 8.09%
• Cash-on-cash: 6.41%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $125,552
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
427 Clyde Ave	0.14mi	3/1.0	1,025 (-4%)	3mo	$190,000	$185	83
370 Clyde Ave	0.06mi	3/2.0	973 (-9%)	0mo	$105,000	$108	81
405 Clyde Ave	0.11mi	3/1.0	973 (-9%)	3mo	$110,000	$113	76
317 Madison Ave	0.18mi	3/1.0	1,152 (+8%)	3mo	$67,200	$58	74
295 Chappel Ave	0.21mi	3/2.0	979 (-8%)	5mo	$240,000	$245	71
14738 Blackstone Ave	0.44mi	3/1.0	1,017 (-4%)	1mo	$150,000	$147	70
14610 Blackstone Ave	0.50mi	3/1.0	1,017 (-4%)	1mo	$150,000	$147	67
14642 Dorchester Ave	0.59mi	3/1.0	1,013 (-5%)	1mo	$170,000	$168	62
1429 Kasten Dr	0.56mi	3/1.0	1,123 (+6%)	4mo	$119,000	$106	59
14731 Kimbark Ave	0.66mi	3/1.0	1,017 (-4%)	2mo	$115,000	$113	58
14842 Shepard Dr	0.64mi	3/1.5	1,141 (+7%)	2mo	$135,000	$118	57
14622 Kenwood Ave	0.66mi	3/1.0	1,017 (-4%)	5mo	$110,000	$108	56

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: -2.9%
• Equity multiple: 0.89×
• Total profit: $-5,995
• Equity at exit: $28,315

10-year hold

• IRR: 10.0%
• Equity multiple: 1.89×
• Total profit: $47,332
• Equity at exit: $16,419

Cash invested: $53,172 (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: 7.8×

Monthly cashflow live

• Estimated rent: $2,021 high
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$237 /mo · $2,848/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$424
• Net cashflow: $284

Break-even live

Break-even rent $1,661

Max offer price $189,900

Occupancy floor 81%

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
409 Madison Ave Unit 2 Calumet City, IL	3.0	1.5	1200	$1,795	$1.50	3d	1	0.10mi
405 Clyde Ave Calumet City, IL	3.0	1.0	973	$2,300	$2.36	1d	1	0.13mi
1860 State St Calumet City, IL	3.0	1.0	1100	$1,800	$1.64	17d	1	0.32mi
14738 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	10d	1	0.42mi
14610 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	6d	1	0.49mi
250 Yates Ave Unit 1616 Dolton 1E Calumet City, IL	2.0	1.0	875	$1,465	$1.67	7d	1	0.54mi
14716 Dorchester Ave Dolton, IL	3.0	2.0	1250	$2,800	$2.24	19d	1	0.56mi
101 Oglesby Ave Calumet City, IL	2.0	1.0	1100	$1,800	$1.64	11d	1	0.59mi
101 Oglesby Ave Calumet City, IL	2.0	1.0	1000	$1,800	$1.80	19d	1	0.59mi
101 Oglesby Ave Calumet City, IL	2.0	1.0	1000	$1,800	$1.80	21d	1	0.59mi
1601 Downs Dr Unit 3S Calumet City, IL	2.0	1.0	750	$1,400	$1.87	24d	1	0.59mi
660 Clyde Ave Calumet City, IL	3.0	1.5	1400	$1,750	$1.25	3d	1	0.66mi
460 Hoxie Ave Unit R Calumet City, IL	2.0	1.0	800	$1,650	$2.06	13d	1	0.66mi
460 Hoxie Ave Unit R Calumet City, IL	2.0	1.0	800	$1,650	$2.06	7d	1	0.66mi
659 Paxton Ave Calumet City, IL	3.0	2.0	1255	$2,461	$1.96	10d	1	0.71mi
14518 S Hoxie Ave Chicago, IL	3.0	1.5	1128	$2,450	$2.17	1d	1	0.73mi
14501 Torrence Ave Unit 3A Burnham, IL	2.0	1.0	800	$1,250	$1.56	10d	1	0.83mi
14501 S Torrence Ave Chicago, IL	1.0–2.0	1.0	737	$1,250	$1.69	12d	2	0.83mi
14433 Woodlawn Ave Dolton, IL	4.0	2.0	1300	$2,000	$1.54	18d	1	0.88mi
15231 Hastings Dr Dolton, IL	4.0	1.5	1487	$2,146	$1.44	7d	1	0.92mi
2605 E Martha Pl Chicago, IL	2.0	2.0	1353	$1,860	$1.37	21d	1	1.03mi
671 Saginaw Ave Calumet City, IL	3.0	2.0	1250	$2,276	$1.82	10d	1	1.05mi
2790 E State St Apt 2E Burnham, IL	3.0	2.0	1100	$1,695	$1.54	24d	1	1.25mi
14500 Cottage Grove Ave Unit 3 Dolton, IL	2.0	1.0	1000	$1,475	$1.48	24d	1	1.37mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	24d	1	1.44mi
14817 Champlain Ave Dolton, IL	2.0	1.0	980	$2,430	$2.48	21d	1	1.46mi

Listing history 25 events

1. 2026-06-18
   days on market $189,900 Active 83 DOM
2. 2026-06-17
   days on market $189,900 Active 82 DOM
3. 2026-06-16
   days on market $189,900 Active 81 DOM
4. 2026-06-15
   days on market $189,900 Active 80 DOM
5. 2026-06-13
   days on market $189,900 Active 78 DOM
6. 2026-06-13
   days on market $189,900 Active 77 DOM
7. 2026-06-09
   days on market $189,900 Active 74 DOM
8. 2026-06-08
   days on market $189,900 Active 73 DOM
9. 2026-06-07
   days on market $189,900 Active 72 DOM
10. 2026-06-04
    days on market $189,900 Active 69 DOM
11. 2026-06-03
    days on market $189,900 Active 68 DOM
12. 2026-06-02
    days on market $189,900 Active 67 DOM
13. 2026-06-01
    days on market $189,900 Active 66 DOM
14. 2026-05-31
    days on market $189,900 Active 65 DOM
15. 2026-05-15
    status Active
16. 2026-05-07
    historical Contingent - Continue to Show
17. 2026-03-27
    listed $189,900 Active
18. 2026-03-27
    historical
19. 2026-01-29
    listed Active
20. 2019-02-28
    soldstatus $145,000
21. 2019-02-25
    soldstatus $145,000 Closed Sale 333-char remark

    Show marketing remark (333 chars)

    Don't miss this wonderfully rehabbed 3 bed 1.5 bath home located near the park and shopping! Move-in ready with new floors throughout and ALL NEW kitchen including stainless steel appliances, soft-close shaker cabinets, granite countertops, subway tile backsplash. This incredible VALUE won't last long - Easy to show, see it today!!

22. 2019-01-01
    status Contingent (Do Not Show) 333-char remark

    Show marketing remark (333 chars)

    Don't miss this wonderfully rehabbed 3 bed 1.5 bath home located near the park and shopping! Move-in ready with new floors throughout and ALL NEW kitchen including stainless steel appliances, soft-close shaker cabinets, granite countertops, subway tile backsplash. This incredible VALUE won't last long - Easy to show, see it today!!

23. 2018-12-07
    listed $145,000 New 333-char remark

    Show marketing remark (333 chars)

    Don't miss this wonderfully rehabbed 3 bed 1.5 bath home located near the park and shopping! Move-in ready with new floors throughout and ALL NEW kitchen including stainless steel appliances, soft-close shaker cabinets, granite countertops, subway tile backsplash. This incredible VALUE won't last long - Easy to show, see it today!!

24. 1998-12-18
    soldstatus $88,500
25. 1987-01-05
    soldstatus $57,000

ⓘ 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 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°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 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,250
• − Mortgage interest: −$10,637
• − Property taxes: −$2,848
• − Insurance: −$950
• − Repairs & maintenance: −$1,940
• − Management: −$1,940
• − Depreciation: −$5,524
• Taxable income: $411
• Est. tax owed @ 24.0%: −$99
• After-tax cash flow: $3,311/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 Twp Hsd 205
• NCES district ID: 1738970
• Math proficiency: 7% ▬ 0.00%
• Reading proficiency: 8% ▼ -2.00%
• Median HH income: $43,392
• Composite: 6.92/100
• National rank: #9976
• State rank: #594 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

+233.2% since first listed

11 events — show timeline

• 2026-05-15 Relisted — MRED as Distributed by MLS Grid
• 2026-05-07 Contingent — MRED as Distributed by MLS Grid
• 2026-03-27 Listing Removed — MRED as Distributed by MLS Grid
• 2026-03-27 Listed $189,900 MRED as Distributed by MLS Grid
• 2026-01-29 Listed — MRED as Distributed by MLS Grid
• 2019-02-28 Sold (Public Records) $145,000 Public Records
• 2019-02-25 Sold (MLS) $145,000 MRED as Distributed by MLS Grid
• 2019-01-01 Pending — MRED as Distributed by MLS Grid
• 2018-12-07 Listed $145,000 MRED as Distributed by MLS Grid
• 1998-12-18 Sold (Public Records) $88,500 Public Records
• 1987-01-05 Sold (Public Records) $57,000 Public Records

Property tax history

+9.2%/yr

Latest (2023): $9,991 · +38.4% YoY. Source: county tax records.