245 153rd Pl · Calumet City, IL 60409

$130,000

3 bd · 1.5 ba · 1,157 sqft · SingleFamily public records · 41 Days on market

Built 1924 Est $165k · 21% 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 +25.4/30.0
• ARV discount +15.0/15.0
• 1% rule +8.4/10.0
• DSCR +8.4/10.0
• 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

All Cleaned Out and Ready For Your Ideas! Calling all savvy investors, rehabbers or Handyman Owner Occupants. This is the deal you've been waiting for! Nothing structural, all cosmetic! Selling AS-IS! Huge 1.5 Story Rehab Opportunity! 9' ceilings throughout the main level! A spacious 3-bedroom, 1.1 bath home sitting on a large double lot with a full basement and huge rear deck. Prime location close to transportation, shopping, schools, and parks. Endless potential, perfect for your next flip, rental or primary residence. Cash buyers preferred or bring your approved rehab loan clients. WILL NOT qualify for standard FHA or Conventional loans. Opportunities like this don't last! Secure this high-potential project today! Serious buyers only. Central Air and Gas Forced Heating system in premises but inoperable. HVAC and outside condenser unit will need to be fixed and/or replaced.

Key facts

• 9 foot ceilings
• Spacious double lot
• Full basement

Tags

• SPACIOUS DOUBLE LOT
• 9 FOOT CEILINGS
• FULL BASEMENT
• LARGE REAR DECK
• CENTRAL AIR
• GAS FORCED HEATING

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $126k (3.0% 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 $899 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 $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $73k; list at $130k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — 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. 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: 1.34% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.87%
• DSCR: 1.44
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $165,451
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
303 W 153rd Pl	0.03mi	3/1.0	1,188 (+3%)	1mo	$65,000	$55	91
518 156th Pl	0.46mi	3/2.0	1,165 (+1%)	3mo	$167,000	$143	73
302 153rd St	0.09mi	3/1.0	1,016 (-12%)	2mo	$175,000	$172	72
5259 State Line Ave	0.38mi	3/1.0	1,260 (+9%)	1mo	$77,000	$61	65
423 157th St	0.47mi	4/1.5 (+1)	1,212 (+5%)	1mo	$25,000	$21	64
866 Greenbay Ave	0.67mi	3/2.0	1,163 (+0%)	3mo	$200,000	$172	63
503 Webb St	0.56mi	2/1.0 (-1)	1,093 (-6%)	1mo	$20,000	$18	57
211 Waltham St	0.73mi	3/2.0	1,101 (-5%)	1mo	$150,000	$136	55
301 Warren St	0.55mi	3/2.0	1,270 (+10%)	2mo	$211,000	$166	54
608 Forsythe Ave	0.26mi	2/1.0 (-1)	984 (-15%)	3mo	$137,500	$140	54
212 Ruth St	0.64mi	3/2.0	1,305 (+13%)	1mo	$216,000	$166	46
243 Waltham St	0.73mi	3/1.0	1,032 (-11%)	3mo	$200,000	$194	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 · 6.17% rent growth · sell at horizon

5-year hold

• IRR: 2.7%
• Equity multiple: 1.11×
• Total profit: $3,883
• Equity at exit: $19,383

10-year hold

• IRR: 15.5%
• Equity multiple: 2.47×
• Total profit: $53,626
• Equity at exit: $11,240

Cash invested: $36,400 (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: 6.2×

Monthly cashflow live

• Estimated rent: $1,743 high
• Mortgage (P&I): −$682
• Tax from tax record: −$342 /mo · $4,104/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $299

Break-even live

Break-even rent $1,364

Max offer price $130,000

Occupancy floor 78%

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: $32,500
• Closing costs: $3,900
• 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	0.22mi
115 157th St Unit 3 Calumet City, IL	3.0	1.0	800	$1,350	$1.69	24d	1	0.45mi
634 Sibley Blvd Calumet City, IL	1.0–2.0	1.0	710	$1,450	$2.04	4d	2	0.50mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	24d	1	0.72mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	12d	1	0.72mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	24d	1	0.76mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	1d	1	0.79mi
4624 Towle Ave Hammond, IN	4.0	2.0	1500	$2,500	$1.67	2d	1	1.23mi
4624 Towle Ave Hammond, IN	4.0	2.0	1500	$2,500	$1.67	1d	1	1.23mi
671 Saginaw Ave Calumet City, IL	3.0	2.0	1250	$2,276	$1.82	10d	1	1.32mi
2790 E State St Apt 2E Burnham, IL	3.0	2.0	1100	$1,695	$1.54	24d	1	1.34mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	7d	1	1.34mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	24d	1	1.35mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	16d	1	1.35mi
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	1.50mi

Listing history 19 events

1. 2026-06-18
   days on market $130,000 Active 41 DOM
2. 2026-06-17
   days on market $130,000 Active 40 DOM
3. 2026-06-16
   days on market $130,000 Active 39 DOM
4. 2026-06-15
   days on market $130,000 Active 38 DOM
5. 2026-06-13
   days on market $130,000 Active 36 DOM
6. 2026-06-09
   days on market $130,000 Active 32 DOM
7. 2026-06-08
   days on market $130,000 Active 31 DOM
8. 2026-06-07
   days on market $130,000 Active 30 DOM
9. 2026-06-04
   days on market $130,000 Active 27 DOM
10. 2026-06-03
    days on market $130,000 Active 26 DOM
11. 2026-06-02
    days on market $130,000 Active 25 DOM
12. 2026-06-01
    days on market $130,000 Active 24 DOM
13. 2026-05-31
    days on market $130,000 Active 23 DOM
14. 2026-05-08
    listed $130,000 Active
15. 2025-06-09
    soldstatus $73,000
16. 2025-06-06
    soldstatus $73,000 Closed 888-char remark

    Show marketing remark (888 chars)

    All Cleaned Out and Ready For Your Ideas! Calling all savvy investors, rehabbers or Handyman Owner Occupants. This is the deal you've been waiting for! Nothing structural, all cosmetic! Selling AS-IS! Huge 1.5 Story Rehab Opportunity! 9' ceilings throughout the main level! A spacious 3-bedroom, 1.1 bath home sitting on a large double lot with a full basement and huge rear deck. Prime location close to transportation, shopping, schools, and parks. Endless potential, perfect for your next flip, rental or primary residence. Cash buyers preferred or bring your approved rehab loan clients. WILL NOT qualify for standard FHA or Conventional loans. Opportunities like this don't last! Secure this high-potential project today! Serious buyers only. Central Air and Gas Forced Heating system in premises but inoperable. HVAC and outside condenser unit will need to be fixed and/or replaced.

17. 2025-05-24
    historical Contingent - Continue to Show 888-char remark

    Show marketing remark (888 chars)

    All Cleaned Out and Ready For Your Ideas! Calling all savvy investors, rehabbers or Handyman Owner Occupants. This is the deal you've been waiting for! Nothing structural, all cosmetic! Selling AS-IS! Huge 1.5 Story Rehab Opportunity! 9' ceilings throughout the main level! A spacious 3-bedroom, 1.1 bath home sitting on a large double lot with a full basement and huge rear deck. Prime location close to transportation, shopping, schools, and parks. Endless potential, perfect for your next flip, rental or primary residence. Cash buyers preferred or bring your approved rehab loan clients. WILL NOT qualify for standard FHA or Conventional loans. Opportunities like this don't last! Secure this high-potential project today! Serious buyers only. Central Air and Gas Forced Heating system in premises but inoperable. HVAC and outside condenser unit will need to be fixed and/or replaced.

18. 2025-05-16
    price $79,000 888-char remark

    Show marketing remark (888 chars)

    All Cleaned Out and Ready For Your Ideas! Calling all savvy investors, rehabbers or Handyman Owner Occupants. This is the deal you've been waiting for! Nothing structural, all cosmetic! Selling AS-IS! Huge 1.5 Story Rehab Opportunity! 9' ceilings throughout the main level! A spacious 3-bedroom, 1.1 bath home sitting on a large double lot with a full basement and huge rear deck. Prime location close to transportation, shopping, schools, and parks. Endless potential, perfect for your next flip, rental or primary residence. Cash buyers preferred or bring your approved rehab loan clients. WILL NOT qualify for standard FHA or Conventional loans. Opportunities like this don't last! Secure this high-potential project today! Serious buyers only. Central Air and Gas Forced Heating system in premises but inoperable. HVAC and outside condenser unit will need to be fixed and/or replaced.

19. 2025-03-10
    listed $89,900 Active 888-char remark

    Show marketing remark (888 chars)

    All Cleaned Out and Ready For Your Ideas! Calling all savvy investors, rehabbers or Handyman Owner Occupants. This is the deal you've been waiting for! Nothing structural, all cosmetic! Selling AS-IS! Huge 1.5 Story Rehab Opportunity! 9' ceilings throughout the main level! A spacious 3-bedroom, 1.1 bath home sitting on a large double lot with a full basement and huge rear deck. Prime location close to transportation, shopping, schools, and parks. Endless potential, perfect for your next flip, rental or primary residence. Cash buyers preferred or bring your approved rehab loan clients. WILL NOT qualify for standard FHA or Conventional loans. Opportunities like this don't last! Secure this high-potential project today! Serious buyers only. Central Air and Gas Forced Heating system in premises but inoperable. HVAC and outside condenser unit will need to be fixed and/or replaced.

ⓘ 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: $4,104 · $342/mo
• Projected year-2 tax: $4,104 · $342/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 4/10 Moderate FEMA zone X (unshaded) · 20% 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: $20,922
• − Mortgage interest: −$7,282
• − Property taxes: −$4,104
• − Insurance: −$650
• − Repairs & maintenance: −$1,674
• − Management: −$1,674
• − Depreciation: −$3,782
• Taxable income: $1,757
• Est. tax owed @ 24.0%: −$422
• After-tax cash flow: $3,172/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

+44.6% since first listed

6 events — show timeline

• 2026-05-08 Listed $130,000 MRED as Distributed by MLS Grid
• 2025-06-09 Sold (Public Records) $73,000 Public Records
• 2025-06-06 Sold (MLS) $73,000 MRED as Distributed by MLS Grid
• 2025-05-24 Contingent — MRED as Distributed by MLS Grid
• 2025-05-16 Price Changed $79,000 MRED as Distributed by MLS Grid
• 2025-03-10 Listed $89,900 MRED as Distributed by MLS Grid

Property tax history

+5.5%/yr

Latest (2023): $4,104 · +43.0% YoY. Source: county tax records.