1122 W Iowa St · Glenwood, IL 60425

$236,000

3 bd · 1.5 ba · 2,176 sqft · SingleFamily public records · 10 Days on market

Built 1966 9,151 sqft lot Est $346k · 32% 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 +27.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious, 3 bedroom split-level on a corner lot. Sunny kitchen with a table space. Separate dining room. Family room with a fireplace and patio door. Upstairs bath with a double vanity. Detached, 2 car garage. Bring your decorating ideas.

Key facts

• Large family room
• Corner lot
• 9,151 sq ft lot

Tags

• CORNER LOT
• TWO DISTINCT LIVING SPACES
• LARGE FAMILY ROOM
• PRIVATE FENCED BACKYARD
• FULL SUITE OF APPLIANCES
• DETACHED 2.5-CAR GARAGE

Property features AI

Finance

• Other: Property not currently leased; Possession at closing
• HOA & community: No master association fees required

Exterior

• Parking: Detached garage (2 garage spaces, 2 total parking spaces)
• Utilities: Water from Lake Michigan; Public sewer
• Home design: Detached single-family home; Split-level / tri-level design; Fee simple ownership
• Construction: Brick and cedar exterior; Built 51–60 years ago; Built before 1978
• Exterior features: Lot dimensions 75 x 122; Less than 0.25-acre lot

Interior

• Kitchen: Kitchen on the second level; Gas cooktop; Oven; Microwave; Refrigerator; Dishwasher
• Bedrooms: 4 bedrooms (Master bedroom on the third level; additional bedrooms on main and third levels)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: 8 total rooms
• Laundry & utility: Main-level laundry room (10 x 8)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $236k.

Deal economics

• At list price, monthly cash flow is $720 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $236k).
• Cap rate 10.0% vs local median 8.0% in Glenwood — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 66/100 on livability (#545 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: health & safety D+, amenities F, commute F.
• Homewood Flossmoor Chsd 233 (suburban): math 21% / reading 27% proficiency, ranked #272 of 620 in IL (top 44%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Willow School (607 students, 0% FRL); James Hart School (math 22% / reading 37%, grade F, #256 of 665 statewide, top 41%, 711 students, 0% FRL); Homewood-Flossmoor High School (math 21% / reading 27%, grade F, #304 of 693 statewide, top 44%, 2,798 students, 0% FRL).
• Market conditions: 53 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 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 $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $66k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 12y ago; this cycle's ask has dropped $87k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $195k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $236,000

Questions for the listing agent

1. Built in 1966 — 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 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?
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: 1.26% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.08%
• DSCR: 1.58
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $345,984
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
248 N Gay Ct	0.23mi	4/2.0 (+1)	2,160 (-1%)	1mo	$295,000	$137	80
1100 186th St	0.24mi	4/2.0 (+1)	2,290 (+5%)	1mo	$306,500	$134	72
851 187th St	0.09mi	4/2.5 (+1)	2,379 (+9%)	10mo	$345,000	$145	64
18751 Kings Rd	0.19mi	4/2.5 (+1)	1,922 (-12%)	0mo	$309,000	$161	62
1124 187th St	0.24mi	4/2.5 (+1)	2,370 (+9%)	3mo	$425,000	$179	62
511 W Arquilla Dr	0.68mi	3/1.5	2,100 (-4%)	2mo	$254,979	$121	61
1413 Jill Ct	0.62mi	4/2.5 (+1)	2,200 (+1%)	2mo	$435,000	$198	59
18436 Aberdeen St	0.37mi	4/2.5 (+1)	2,370 (+9%)	0mo	$410,000	$173	59
19213 Center Ave	0.73mi	4/2.5 (+1)	2,234 (+3%)	0mo	$310,000	$139	52
1118 185th St	0.35mi	4/2.5 (+1)	1,963 (-10%)	7mo	$317,000	$161	52
1331 Heather Rd	0.52mi	4/2.5 (+1)	1,947 (-10%)	9mo	$309,000	$159	42
19147 Loomis Ave	0.74mi	3/2.5	2,000 (-8%)	9mo	$245,000	$123	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.0%
• Equity multiple: 1.12×
• Total profit: $7,682
• Equity at exit: $35,188

10-year hold

• IRR: 12.6%
• Equity multiple: 2.00×
• Total profit: $65,949
• Equity at exit: $20,405

Cash invested: $66,080 (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 60425

• Home prices YoY: -10.6%
• Active inventory: 53
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,976 high
• Mortgage (P&I): −$1,238
• Tax est. 1.5%: −$295 /mo · $3,540/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$625
• Net cashflow: $720

Break-even live

Break-even rent $2,064

Max offer price $236,000

Occupancy floor 71%

Sensitivity live

Price	-10% $883	-5% $802	+0% $720	+5% $639	+10% $557
Rent	-10% $485	-5% $603	+0% $720	+5% $838	+10% $955
Rate	-1.0pp $839	-0.5pp $780	base $720	+0.5pp $659	+1.0pp $597

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: $59,000
• Closing costs: $7,080
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1332 Jamie Ln Homewood, IL	4.0	2.5	1576	$3,171	$2.01	25d	1	0.51mi
705 W Fitzhenry Ct Glenwood, IL	3.0	2.0	1700	$2,950	$1.74	26d	1	0.81mi
705 W Fitzhenry Ct Glenwood, IL	3.0	2.0	1600	$2,950	$1.84	21d	1	0.81mi
18117 Loomis Ave Homewood, IL	4.0	2.0	1500	$2,800	$1.87	5d	1	0.91mi
1601 183rd St Unit 1237861P Homewood, IL	3.0	1.5	1528	$8,665	$5.67	23d	1	0.95mi
1802 Evergreen Rd Homewood, IL	4.0	2.0	1716	$2,836	$1.65	0d	1	1.17mi

Listing history 37 events

1. 2026-06-21
   days on market $236,000 Active 10 DOM
2. 2026-06-18
   days on market $236,000 Active 7 DOM
3. 2026-06-17
   days on market $236,000 Active 6 DOM
4. 2026-06-16
   days on market $236,000 Active 5 DOM
5. 2026-06-15
   days on market $236,000 Active 4 DOM
6. 2026-06-13
   pricedays on marketlisting id $236,000 Active 2 DOM
7. 2026-06-09
   days on market $243,000 Active 265 DOM
8. 2026-06-08
   days on market $243,000 Active 264 DOM
9. 2026-06-07
   days on market $243,000 Active 263 DOM
10. 2026-06-04
    days on market $243,000 Active 260 DOM
11. 2026-06-03
    days on market $243,000 Active 259 DOM
12. 2026-06-02
    days on market $243,000 Active 258 DOM
13. 2026-06-01
    days on market $243,000 Active 257 DOM
14. 2026-05-31
    days on market $243,000 Active 256 DOM
15. 2026-05-15
    price $243,000
16. 2026-04-17
    price $251,000
17. 2026-03-27
    price $259,000
18. 2026-02-27
    price $267,000
19. 2026-01-31
    price $275,000
20. 2026-01-09
    price $283,000
21. 2025-12-05
    price $292,000
22. 2025-10-31
    price $301,000
23. 2025-10-03
    price $310,000
24. 2025-09-18
    listed $323,000 Active
25. 2022-05-19
    price $2,065
26. 2017-12-27
    soldstatus $195,000
27. 2014-07-29
    soldstatus $83,000
28. 2014-06-30
    soldstatus $83,000 Closed Sale 239-char remark

    Show marketing remark (239 chars)

    Spacious, 3 bedroom split-level on a corner lot. Sunny kitchen with a table space. Separate dining room. Family room with a fireplace and patio door. Upstairs bath with a double vanity. Detached, 2 car garage. Bring your decorating ideas.

29. 2014-06-06
    historical Contingent 239-char remark

    Show marketing remark (239 chars)

    Spacious, 3 bedroom split-level on a corner lot. Sunny kitchen with a table space. Separate dining room. Family room with a fireplace and patio door. Upstairs bath with a double vanity. Detached, 2 car garage. Bring your decorating ideas.

30. 2014-06-06
    price $95,000 Price Change 239-char remark

    Show marketing remark (239 chars)

    Spacious, 3 bedroom split-level on a corner lot. Sunny kitchen with a table space. Separate dining room. Family room with a fireplace and patio door. Upstairs bath with a double vanity. Detached, 2 car garage. Bring your decorating ideas.

31. 2014-05-13
    price $99,000 Price Change 239-char remark

    Show marketing remark (239 chars)

    Spacious, 3 bedroom split-level on a corner lot. Sunny kitchen with a table space. Separate dining room. Family room with a fireplace and patio door. Upstairs bath with a double vanity. Detached, 2 car garage. Bring your decorating ideas.

32. 2014-04-19
    listed $104,900 New 239-char remark

    Show marketing remark (239 chars)

    Spacious, 3 bedroom split-level on a corner lot. Sunny kitchen with a table space. Separate dining room. Family room with a fireplace and patio door. Upstairs bath with a double vanity. Detached, 2 car garage. Bring your decorating ideas.

33. 2005-12-13
    soldstatus $198,000
34. 2005-12-13
    soldstatus $198,000
35. 1996-06-06
    soldstatus $139,500
36. 1991-06-11
    soldstatus $130,000
37. 1979-07-11
    soldstatus $142,000

ⓘ 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 (unshaded) · 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
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,716
• − Mortgage interest: −$13,220
• − Property taxes: −$3,540
• − Insurance: −$1,180
• − Repairs & maintenance: −$2,857
• − Management: −$2,857
• − Depreciation: −$6,865
• Taxable income: $5,196
• Est. tax owed @ 24.0%: −$1,247
• After-tax cash flow: $7,397/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: Homewood Flossmoor Chsd 233
• NCES district ID: 1719560
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 27% ▼ -13.00%
• Median HH income: $83,564
• Composite: 24.42/100
• National rank: #7681
• State rank: #272 of 620 in IL

Livability — Glenwood

• Score: 66/100
• State rank: #545
• US rank: #11292

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glenwood, IL
• City population: 8,730
• Population (ZIP): 8,730

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 (68%)
• Race & ethnicity: Black 68% White 22% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 3% Iranian 1% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -37.24%
• Current HPI: 314.1777
• 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

+71.1% since first listed

23 events — show timeline

• 2026-05-15 Price Changed $243,000 MRED as Distributed by MLS Grid
• 2026-04-17 Price Changed $251,000 MRED as Distributed by MLS Grid
• 2026-03-27 Price Changed $259,000 MRED as Distributed by MLS Grid
• 2026-02-27 Price Changed $267,000 MRED as Distributed by MLS Grid
• 2026-01-31 Price Changed $275,000 MRED as Distributed by MLS Grid
• 2026-01-09 Price Changed $283,000 MRED as Distributed by MLS Grid
• 2025-12-05 Price Changed $292,000 MRED as Distributed by MLS Grid
• 2025-10-31 Price Changed $301,000 MRED as Distributed by MLS Grid
• 2025-10-03 Price Changed $310,000 MRED as Distributed by MLS Grid
• 2025-09-18 Listed $323,000 MRED as Distributed by MLS Grid
• 2022-05-19 Price Changed $2,065 RENT.
• 2017-12-27 Sold (Public Records) $195,000 Public Records
• 2014-07-29 Sold (Public Records) $83,000 Public Records
• 2014-06-30 Sold (MLS) $83,000 MRED as Distributed by MLS Grid
• 2014-06-06 Price Changed $95,000 MRED as Distributed by MLS Grid
• 2014-06-06 Contingent — MRED as Distributed by MLS Grid
• 2014-05-13 Price Changed $99,000 MRED as Distributed by MLS Grid
• 2014-04-19 Listed $104,900 MRED as Distributed by MLS Grid
• 2005-12-13 Sold (Public Records) $198,000 Public Records
• 2005-12-13 Sold (Public Records) $198,000 Public Records
• 1996-06-06 Sold (Public Records) $139,500 Public Records
• 1991-06-11 Sold (Public Records) $130,000 Public Records
• 1979-07-11 Sold (Public Records) $142,000 Public Records

Property tax history

+4.4%/yr

Latest (2023): $11,991 · +8.8% YoY. Source: county tax records.