1319 Highland Ave · Bonnie Brae, IL 60441

$245,000

3 bd · 1.0 ba · 1,276 sqft · SingleFamily public records · 83 Days on market

Built 1962 Est $318k · 23% 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 +25.5/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +6.9/10.0
• Rent growth +3.5/5.0
• Schools +3.4/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

There are no remarks available.

Key facts

• Ample room
• Private yard
• Large storage

Tags

• NO HOA FEE
• EAT-IN KITCHEN
• PRIVATE YARD
• AMPLE ROOM
• LARGE STORAGE

Property features AI

Finance

• Other: Two-unit building; Age: approximately 61–70 years
• HOA & community: Master association not required; Pets allowed (cats and dogs permitted)

Exterior

• Parking: Two parking spaces on a concrete surface
• Utilities: Public water; Public sewer and storm sewer
• Home design: Attached single (1/2 duplex); Fee simple ownership; Entry level: 1; Built before 1978
• Construction: Brick construction
• Exterior features: Lot dimensions approximately 36 x 107 x 35 x 107; Interstate access nearby

Interior

• Kitchen: Kitchen located on lower level, 10 x 22; Range; Refrigerator
• Bedrooms: Master bedroom (second level), 12 x 15; Bedroom 2 (second level), 13 x 10; Bedroom 3 (second level), 12 x 9
• Flooring: Vinyl flooring throughout listed rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: 5 total rooms; All windows have window treatments
• Laundry & utility: In-unit laundry with washer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $569 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $230k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Lockport Twp Hsd 205 (suburban): math 35% / reading 38% proficiency, ranked #153 of 620 in IL (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lockport Township High Sch East (math 35% / reading 38%, grade F, #117 of 693 statewide, top 17%, 3,872 students, 0% FRL).
• Market conditions: Rents rising (+3.9%/yr); 131 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,028 units permitted in Will County in 2024 (530 in 5+ unit buildings).
• This rent runs 34% of the median local income ($103k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Will County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.9% rent growth), your $69k 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 ($230k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $18k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $130k; list at $245k implies a 88% gain — meaningful room to come down on a strong offer.

Recommended offer $230,300 (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 1962 — 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. 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.
6. 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.
7. 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: 1.19% ✓
• Cap rate: 9.08%
• Cash-on-cash: 9.95%
• DSCR: 1.44
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $317,724
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
203 Macgregor Rd	0.40mi	3/1.5	1,305 (+2%)	1mo	$325,000	$249	75
15550 S Muir Dr	0.23mi	3/1.5	1,361 (+7%)	7mo	$280,000	$206	70
1203 Mccameron Ave	0.29mi	3/1.5	1,152 (-10%)	2mo	$299,900	$260	67
309 Robson Dr	0.14mi	3/2.0	1,152 (-10%)	9mo	$257,000	$223	66
1306 Highland Ave	0.05mi	3/2.0	1,409 (+10%)	13mo	$285,000	$202	65
202 Macgregor Rd	0.37mi	3/1.0	1,152 (-10%)	13mo	$230,000	$200	56
721 Reef Rd	0.64mi	3/2.0	1,226 (-4%)	8mo	$336,000	$274	53
1022 Highland Ave	0.41mi	4/2.0 (+1)	1,440 (+13%)	6mo	$273,000	$190	46
935 E 1st St	0.60mi	3/1.0	1,100 (-14%)	9mo	$285,000	$259	42
808 Cove Ave	0.73mi	3/1.5	1,120 (-12%)	6mo	$295,000	$263	38
1106 Shoals Dr	0.70mi	3/1.5	1,120 (-12%)	8mo	$300,000	$268	38
1102 Basin Dr	0.62mi	4/2.0 (+1)	1,450 (+14%)	9mo	$320,000	$221	32

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 · 3.91% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-719
• Equity at exit: $36,530

10-year hold

• IRR: 10.3%
• Equity multiple: 1.84×
• Total profit: $57,535
• Equity at exit: $21,183

Cash invested: $68,600 (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 60441

• Home prices YoY: -33.0%
• Rents YoY: 3.9%
• Active inventory: 131
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,911 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$344 /mo · $4,131/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$611
• Net cashflow: $569

Break-even live

Break-even rent $2,191

Max offer price $245,000

Occupancy floor 75%

Sensitivity live

Price	-10% $707	-5% $638	+0% $569	+5% $499	+10% $430
Rent	-10% $339	-5% $454	+0% $569	+5% $684	+10% $799
Rate	-1.0pp $692	-0.5pp $631	base $569	+0.5pp $505	+1.0pp $441

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16551 Karen Springs Dr Lockport, IL	3.0	1.0–2.0	1036	$3,241	$3.13	0d	48	0.42mi
14849 S Hillside Dr Unit 14849 Lockport, IL	3.0	2.5	1767	$3,150	$1.78	16d	1	1.01mi
719 S Jefferson St Lockport, IL	4.0	1.0	1156	$2,550	$2.21	0d	1	1.42mi
426 E 9th St Lockport, IL	4.0	2.0	1300	$2,795	$2.15	25d	1	1.45mi
618 E 12th St Lockport, IL	2.0	2.0	1300	$2,500	$1.92	0d	1	1.50mi

Listing history 24 events

1. 2026-06-21
   days on market $245,000 Active 83 DOM
2. 2026-06-18
   days on market $245,000 Active 80 DOM
3. 2026-06-17
   days on market $245,000 Active 79 DOM
4. 2026-06-16
   days on market $245,000 Active 78 DOM
5. 2026-06-15
   pricestatus $245,000 Active 77 DOM
6. 2026-06-15
   days on market $250,000 Contingent - No Showings 77 DOM
7. 2026-06-13
   days on market $250,000 Contingent - No Showings 75 DOM
8. 2026-06-09
   days on market $250,000 Contingent - No Showings 71 DOM
9. 2026-06-08
   days on market $250,000 Contingent - No Showings 70 DOM
10. 2026-06-07
    statusdays on market $250,000 Contingent - No Showings 69 DOM
11. 2026-06-04
    days on market $250,000 Active 66 DOM
12. 2026-06-03
    days on market $250,000 Active 65 DOM
13. 2026-06-02
    days on market $250,000 Active 64 DOM
14. 2026-06-01
    days on market $250,000 Active 63 DOM
15. 2026-05-31
    days on market $250,000 Active 62 DOM
16. 2026-05-14
    price $250,000
17. 2026-04-23
    price $255,000
18. 2026-04-16
    price $260,000
19. 2026-03-30
    listed $263,000 Active
20. 2021-07-21
    soldstatus $130,100
21. 2021-06-16
    soldstatus $130,100 Closed Sale 31-char remark

    Show marketing remark (31 chars)

    There are no remarks available.

22. 2021-05-30
    status Pending 31-char remark

    Show marketing remark (31 chars)

    There are no remarks available.

23. 2021-04-26
    status Contingent (Do Not Show) 31-char remark

    Show marketing remark (31 chars)

    There are no remarks available.

24. 2021-04-22
    listed $114,900 New 31-char remark

    Show marketing remark (31 chars)

    There are no remarks available.

ⓘ 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: $4,131 · $344/mo
• Projected year-2 tax: $4,846 · $404/mo
• Expected delta: +$715/yr (+$60/mo · 17.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,935
• − Mortgage interest: −$13,724
• − Property taxes: −$4,131
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,795
• − Management: −$2,795
• − Depreciation: −$7,127
• Taxable income: $3,138
• Est. tax owed @ 24.0%: −$753
• After-tax cash flow: $6,072/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: Lockport Twp Hsd 205
• NCES district ID: 1723350
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 38% ▼ -4.00%
• Median HH income: $69,994
• Composite: 33.5/100
• National rank: #5440
• State rank: #153 of 620 in IL

Livability — Bonnie Brae

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Bonnie Brae, IL
• County: Will County · 412,448 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 36,844
• Household income: $103,374
• Rent vs Own: 15.9% rent · 84.1% own
• Severe rent burden: 519.0

Population outlook (Will County) Hauer SSP2

• Today (2025): 705,368 people
• By 2030: 708,154 · +0.4%
• By 2040: 702,692 · -0.4%
• By 2050: 680,249 · -3.6%
• By 2075: 611,990 · -13.2%
• By 2100: 516,215 · -26.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 12% Two or more races 9% Black 7%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Romanian 18% Iranian 2% Lithuanian 2%
• Foreign-born: 7% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% Other Indo-European 2%

Political lean MEDSL · Will

• 2024 margin: Toss-up / Even · D 50.1% · R 48.5% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 13.2pp · 2024: 1.6pp
• All cycles: 2024: D+1.6 2020: D+8.3 2016: D+5.7 2012: D+3.7 2008: D+13.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.43%
• Current HPI: 201.5857
• Rent YoY: ▲ 3.91%
• 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

+117.6% since first listed

9 events — show timeline

• 2026-05-14 Price Changed $250,000 MRED as Distributed by MLS Grid
• 2026-04-23 Price Changed $255,000 MRED as Distributed by MLS Grid
• 2026-04-16 Price Changed $260,000 MRED as Distributed by MLS Grid
• 2026-03-30 Listed $263,000 MRED as Distributed by MLS Grid
• 2021-07-21 Sold (Public Records) $130,100 Public Records
• 2021-06-16 Sold (MLS) $130,100 MRED as Distributed by MLS Grid
• 2021-05-30 Pending — MRED as Distributed by MLS Grid
• 2021-04-26 Pending — MRED as Distributed by MLS Grid
• 2021-04-22 Listed $114,900 MRED as Distributed by MLS Grid

Property tax history

+8.4%/yr

Latest (2024): $4,131 · +6.0% YoY. Source: county tax records.