17404 Wellington Dr · Hazel Crest, IL 60429

$105,000

3 bd · 1.0 ba · 850 sqft · SingleFamily public records · 172 Days on market

Built 1975 Est $184k · 43% under ↓ 4% since listing

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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
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Key facts

• Built 1975
• Listed 171 days

Property features AI

Finance

• Other: Fee simple ownership; Possession at closing
• HOA & community: No master association fee required

Exterior

• Parking: Side driveway
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Aluminum, vinyl, and steel siding; Built 51–60 years ago; Built before 1978
• Exterior features: Less than 1/4 acre lot; Lot dimensions listed as 7520; Access to commuter bus, commuter train, and interstate

Interior

• Kitchen: Kitchen (Main, 13 x 11)
• Bedrooms: Master bedroom (Main, 13 x 10); Bedroom 2 (Main, 13 x 10); Bedroom 3 (Main, 10 x 9)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced air heating
• Interior features: Five total rooms; Dining room; Family room; Living room (16 x 13)
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $105k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.9% vs local median 8.9% in Hazel Crest — 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 75/100 on livability (#229 in IL, #4,242 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety C-, schools D-, crime F.
• Bremen Chsd 228 (suburban): math 15% / reading 17% proficiency, ranked #468 of 620 in IL (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 80 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 1d 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 $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 172 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask is 150% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $32k; list at $105k implies a 228% gain — meaningful room to come down on a strong offer.

Recommended offer $92,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 172 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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 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?
6. Crime grade is F 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: 2.52% ✓
• Cap rate: 21.87%
• Cash-on-cash: 55.65%
• DSCR: 3.48
• GRM: 3.3

CMA / ARV

• ARV (on-the-fly): $184,450
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3760 176th Pl	0.24mi	4/1.5 (+1)	836 (-2%)	10mo	$201,000	$240	71
17304 Peach Grov Ave	0.13mi	3/1.0	960 (+13%)	7mo	$143,500	$149	66
3701 176th St	0.20mi	4/2.0 (+1)	908 (+7%)	10mo	$197,000	$217	62
17310 Peach Grove Ln	0.11mi	3/1.0	960 (+13%)	17mo	$80,000	$83	59

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: 54.0%
• Equity multiple: 3.38×
• Total profit: $69,861
• Equity at exit: $15,656

10-year hold

• IRR: 59.1%
• Equity multiple: 6.88×
• Total profit: $172,811
• Equity at exit: $9,078

Cash invested: $29,400 (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 60429

• Home prices YoY: -14.0%
• Active inventory: 80
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $2,644 medium
• Mortgage (P&I): −$551
• Tax est. 1.5%: −$131 /mo · $1,575/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$555
• Net cashflow: $1,363

Break-even live

Break-even rent $919

Max offer price $105,000

Occupancy floor 43%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17306 Peach Grove Ln Hazel Crest, IL	4.0	1.0	1034	$2,700	$2.61	1d	1	0.12mi
3501 177th St Country Club Hills, IL	2.0	2.0	839	$2,850	$3.40	1d	1	0.47mi
17984 Amherst Ct Country Club Hills, IL	2.0	1.0	1000	$1,900	$1.90	1d	1	0.78mi

Listing history 22 events

1. 2026-06-04
   days on market $105,000 Active 172 DOM
2. 2026-06-03
   days on market $105,000 Active 171 DOM
3. 2026-06-02
   days on market $105,000 Active 170 DOM
4. 2026-06-01
   days on market $105,000 Active 169 DOM
5. 2026-05-31
   days on market $105,000 Active 168 DOM
6. 2025-12-05
   historical
7. 2022-07-26
   status Pending
8. 2022-07-25
   historical
9. 2022-07-14
   historical Contingent - No Showings
10. 2022-06-21
    listed Active
11. 2009-01-30
    soldstatus $32,000 Closed Sale
12. 2009-01-01
    historical
13. 2008-11-26
    price $36,900
14. 2008-10-27
    listed $42,000
15. 2008-02-28
    historical
16. 2007-08-22
    listed
17. 2007-02-11
    historical
18. 2006-10-11
    listed
19. 2001-06-20
    soldstatus $160,000
20. 1994-04-22
    soldstatus $52,500
21. 1991-07-29
    soldstatus $42,000
22. 1978-08-03
    soldstatus $33,500

ⓘ 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 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,732
• − Mortgage interest: −$5,882
• − Property taxes: −$1,575
• − Insurance: −$525
• − Repairs & maintenance: −$2,539
• − Management: −$2,539
• − Depreciation: −$3,055
• Taxable income: $15,619
• Est. tax owed @ 24.0%: −$3,749
• After-tax cash flow: $12,612/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: Bremen Chsd 228
• NCES district ID: 1707050
• Math proficiency: 15% ▼ -4.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $57,625
• Composite: 15.32/100
• National rank: #9327
• State rank: #468 of 620 in IL

Livability — Hazel Crest

• Score: 75/100
• State rank: #229
• US rank: #4242

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hazel Crest, IL
• City population: 14,602
• Population (ZIP): 14,602

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 (83%)
• Race & ethnicity: Black 83% White 7% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 1% Iranian 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▼ -46.04%
• Current HPI: 282.3552
• 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

-4.5% since first listed

17 events — show timeline

• 2025-12-05 Listing Removed — MRED as Distributed by MLS Grid
• 2022-07-26 Pending — MRED as Distributed by MLS Grid
• 2022-07-25 Listing Removed — MRED as Distributed by MLS Grid
• 2022-07-14 Contingent — MRED as Distributed by MLS Grid
• 2022-06-21 Listed — MRED as Distributed by MLS Grid
• 2009-01-30 Sold (MLS) $32,000 MRED as Distributed by MLS Grid
• 2009-01-01 Listing Removed — MRED as Distributed by MLS Grid
• 2008-11-26 Price Changed $36,900 MRED as Distributed by MLS Grid
• 2008-10-27 Listed $42,000 MRED as Distributed by MLS Grid
• 2008-02-28 Listing Removed — MRED as Distributed by MLS Grid
• 2007-08-22 Listed — MRED as Distributed by MLS Grid
• 2007-02-11 Listing Removed — MRED as Distributed by MLS Grid
• 2006-10-11 Listed — MRED as Distributed by MLS Grid
• 2001-06-20 Sold (Public Records) $160,000 Public Records
• 1994-04-22 Sold (Public Records) $52,500 Public Records
• 1991-07-29 Sold (Public Records) $42,000 Public Records
• 1978-08-03 Sold (Public Records) $33,500 Public Records

Property tax history

+4.0%/yr

Latest (2023): $5,635 · -5.5% YoY. Source: county tax records.