10 N 3rd St · Chatsworth, IL 60921

$19,000

2 bd · 1.0 ba · 902 sqft · SingleFamily public records · 2 Days on market

Built 1890 7,500 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Looking for a project house to tackle? Look no further than right here! Double lot with a 2 bedroom 1 bath property ready for rehab & innovation! No rent to own or owner financing available. Only cash buyers, will not qualify for any traditional financing.

Key facts

• Ready for rehab
• Project house
• Double lot

Tags

• DOUBLE LOT
• PROJECT HOUSE
• READY FOR REHAB

Property features AI

Finance

• Other: Parcel number 272703161007
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (garage owned); Gravel parking; Total parking for 1 vehicle; 1 garage space
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Property over 100 years old; Built before 1978
• Construction: Wood siding; Asphalt roof; Approx. 1,149 total finished area
• Exterior features: 75 x 100 lot; Lot about 0.25–0.49 acre; County-recorded lot dimensions

Interior

• Kitchen: Kitchen (main level) — 12 x 15; Range; Refrigerator
• Bedrooms: Master bedroom (main level) — 15 x 15; Additional bedroom (main level) — 10 x 10; Two other bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating
• Interior features: Unfinished partial cellar basement; 5 total rooms
• Laundry & utility: Main-level laundry room — 8 x 8; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $19k.

Deal economics

• At list price, monthly cash flow is $463 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($752 rent vs $19k).

Location & tenants

• Location reads 63/100 on livability (#784 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Prairie Central CUSD 8 (rural): math 32% / reading 32% proficiency, ranked #223 of 620 in IL (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Prairie Central Jr High School (math 33% / reading 35%, grade F, #209 of 665 statewide, top 32%, 228 students, 0% FRL); Prairie Central High School (math 22% / reading 22%, grade F, #319 of 693 statewide, top 50%, 516 students, 0% FRL) — zoned schools average 0% FRL vs 36% district-wide (36 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 10 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 35 units permitted in Livingston County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($131 loan paydown + $2k appreciation (10.0% local appreciation)).
• Livingston County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $5k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $8k; list at $19k implies a 153% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $19,000

Questions for the listing agent

1. Built in 1890 — 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: 3.96% ✓
• Cap rate: 35.51%
• Cash-on-cash: 104.35%
• DSCR: 5.64
• GRM: 2.1

CMA / ARV

• ARV (on-the-fly): $84,788
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
206 E Oak St	0.24mi	2/1.0	832 (-8%)	3mo	$77,900	$94	74
104 N 7th St	0.34mi	2/2.0	994 (+10%)	20mo	$80,000	$80	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.49×
• Total profit: $39,825
• Equity at exit: $17,117

10-year hold

• IRR: —
• Equity multiple: 18.69×
• Total profit: $94,128
• Equity at exit: $36,913

Cash invested: $5,320 (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 60921

• Home prices YoY: 6.7%
• Active inventory: 10
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $752 medium
• Mortgage (P&I): −$100
• Tax est. 1.5%: −$24 /mo · $285/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$158
• Net cashflow: $463

Break-even live

Break-even rent $166

Max offer price $19,000

Occupancy floor 33%

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: $4,750
• Closing costs: $570
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
404 E Maple St Apt 31 Chatsworth, IL	1.0	1.0	572	$700	$1.22	20d	1	0.14mi
1 Reni Ct Unit 2 Chatsworth, IL	2.0	1.0	800	$800	$1.00	43d	1	0.37mi
1 Reni Ct Unit 1 Chatsworth, IL	2.0	1.0	800	$800	$1.00	13d	1	0.37mi

Listing history 3 events

1. 2026-05-15
   status Pending
2. 2026-05-12
   listed $19,000 Active
3. 1987-09-17
   soldstatus $7,500

ⓘ 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 ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,022
• − Mortgage interest: −$1,064
• − Property taxes: −$285
• − Insurance: −$95
• − Repairs & maintenance: −$722
• − Management: −$722
• − Depreciation: −$553
• Taxable income: $5,581
• Est. tax owed @ 24.0%: −$1,340
• After-tax cash flow: $4,212/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: Prairie Central CUSD 8
• NCES district ID: 1700005
• Math proficiency: 32% ▼ -6.00%
• Reading proficiency: 32% ▼ -16.00%
• Median HH income: $52,909
• Composite: 28.15/100
• National rank: #6814
• State rank: #223 of 620 in IL

Livability — Chatsworth

• Score: 63/100
• State rank: #784
• US rank: #15658

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chatsworth, IL
• Population (ZIP): 1,394

Population outlook (Livingston County) Hauer SSP2

• Today (2025): 32,749 people
• By 2030: 30,848 · -5.8%
• By 2040: 27,357 · -16.5%
• By 2050: 24,048 · -26.6%
• By 2075: 17,574 · -46.3%
• By 2100: 12,096 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 12% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Lithuanian 3% Romanian 2% Iranian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Tagalog/Filipino 2%

Political lean MEDSL · Livingston

• 2024 margin: Solid R (+46.3) · D 26.1% · R 72.4% · Other 1.6%
• 2008→2024 swing: -27.1pp toward R · 2008: -19.2pp · 2024: -46.3pp
• All cycles: 2024: R+46.3 2020: R+44.2 2016: R+41.0 2012: R+31.5 2008: R+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 15.93%
• Current HPI: 252.3354
• 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

+153.3% since first listed

3 events — show timeline

• 2026-05-15 Pending — MRED as Distributed by MLS Grid
• 2026-05-12 Listed $19,000 MRED as Distributed by MLS Grid
• 1987-09-17 Sold (Public Records) $7,500 Public Records

Property tax history

+5.3%/yr

Latest (2024): $1,242 · +6.2% YoY. Source: county tax records.