1494 Stanley Blvd · Calumet City, IL 60409

$134,900

3 bd · 1.0 ba · 1,343 sqft · SingleFamily public records · 264 Days on market

Built 1957 6,375 sqft lot Est $189k · 29% 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 +23.3/30.0
• ARV discount +15.0/15.0
• 1% rule +8.9/10.0
• DSCR +7.5/10.0
• 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

CLEAN & UPDATED !! This 3 bedroom Home has many improvements- New Hot Water Tank, Furnace, Roof, Tile and Driveway. The Liv Rm has Vaulted ceiling and a beautiful Bay window. The addition on the back of the house really opens the kitchen and gives plenty of light and views of the nicely decorated Backyard which has a oversized 2 1/2 car garage and newly poured driveway. Great Home come and see it Today !!

Key facts

• Addition on the back
• Good size closets
• Vaulted ceiling

Tags

• VAULTED CEILING
• BAY WINDOW
• GOOD SIZE CLOSETS
• ADDITION ON THE BACK
• PLENTY OF LIGHT
• NICE PATIO

Property features AI

Finance

• HOA & community: No master association fee required; Community features include park access, curbs, sidewalks, street lights and paved streets

Exterior

• Parking: Detached garage with garage door opener; Concrete side driveway; Total parking for 2 vehicles (2 garage spaces)
• Utilities: Public water; Public sewer; Electric service with circuit breakers and 100 amp service
• Home design: Detached single-family ranch; One-story; Fee simple ownership; Built approximately 61–70 years ago; Asphalt roof; Concrete perimeter foundation; Brick and cedar construction
• Construction: Built before 1978
• Exterior features: Patio; Fenced yard; Landscaped lot; Lot dimensions approximately 51 x 125

Interior

• Kitchen: Kitchen with eating area/table space; Pantry closet and walk-in pantry
• Bedrooms: Master bedroom on main level (13 x 10); Bedroom 2 on main level (14 x 10); Bedroom 3 on main level (10 x 10)
• Flooring: Carpet in living areas and bedrooms; Ceramic tile in kitchen and laundry; Vinyl in mud room
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: First-floor bedroom; Ceiling fan(s); Dormer attic; Six total rooms
• Laundry & utility: Main-level laundry room (5 x 6)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $247 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% 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); 196 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 41% 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 $933 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 $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 264 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 19y ago 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 $115k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.2% of price; built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 264 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 1957 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.39% ✓
• Cap rate: 8.49%
• Cash-on-cash: 7.83%
• DSCR: 1.35
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $189,363
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1387 Price Ave	0.28mi	3/1.0	1,341 (-0%)	3mo	$93,900	$70	84
1473 Wentworth Ave	0.32mi	3/2.0	1,300 (-3%)	3mo	$210,000	$162	73
17204 Bernadine St	0.54mi	3/2.0	1,340 (-0%)	1mo	$234,000	$175	69
877 163rd St	0.61mi	3/1.5	1,339 (-0%)	2mo	$189,000	$141	68
3351 171st St	0.37mi	3/1.5	1,231 (-8%)	2mo	$219,900	$179	66
1450 Forest Ave	0.25mi	3/1.0	1,147 (-15%)	3mo	$105,000	$92	61
1394 Forest Pl	0.30mi	3/1.0	1,147 (-15%)	2mo	$81,000	$71	60
1382 Burnham Ave	0.35mi	3/1.5	1,147 (-15%)	1mo	$105,000	$92	56
35 166th Pl	0.50mi	4/1.0 (+1)	1,217 (-9%)	1mo	$149,500	$123	56
910 163rd St	0.66mi	3/1.5	1,160 (-14%)	1mo	$150,000	$129	44
1272 Burnham Ave	0.60mi	3/1.5	1,147 (-15%)	3mo	$186,000	$162	43
1295 Hirsch Ave	0.52mi	4/2.0 (+1)	1,166 (-13%)	3mo	$265,000	$227	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: 0.2%
• Equity multiple: 1.01×
• Total profit: $253
• Equity at exit: $20,114

10-year hold

• IRR: 13.5%
• Equity multiple: 2.28×
• Total profit: $48,440
• Equity at exit: $11,664

Cash invested: $37,772 (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: 196
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,881 high
• Mortgage (P&I): −$707
• Tax from tax record: −$476 /mo · $5,711/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $247

Break-even live

Break-even rent $1,569

Max offer price $134,900

Occupancy floor 82%

Sensitivity live

Price	-10% $323	-5% $285	+0% $247	+5% $208	+10% $170
Rent	-10% $98	-5% $172	+0% $247	+5% $321	+10% $395
Rate	-1.0pp $315	-0.5pp $281	base $247	+0.5pp $212	+1.0pp $176

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1539 Wentworth Ave Unit 3W Calumet City, IL	3.0	1.0	1100	$1,700	$1.55	13d	1	0.35mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	8d	1	0.47mi
17104 Wentworth Ave Unit 4 Lansing, IL	2.0	1.0	1100	$1,400	$1.27	0d	1	0.50mi
3069 Bernice Rd Apt 2N Lansing, IL	3.0	1.0	950	$1,535	$1.62	21d	1	0.82mi
3069 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	950	$1,535	$1.62	4d	1	0.83mi
3023 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	1000	$1,600	$1.60	0d	1	0.85mi
3023 Bernice Rd Unit 3030 3N Lansing, IL	3.0	1.0	1000	$1,400	$1.40	0d	1	0.85mi
3649 173rd Ct Lansing, IL	2.0	2.0	972	$1,357	$1.40	25d	1	0.87mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	18d	1	1.13mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	25d	1	1.13mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	0d	1	1.15mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	25d	1	1.26mi
3020 178th St Unit C1 Lansing, IL	2.0	1.0	900	$1,550	$1.72	0d	1	1.28mi
3020 178th St Apt C7 Lansing, IL	2.0	1.0	900	$1,550	$1.72	25d	1	1.28mi
7611 Kinsley Pl Munster, IN	3.0	2.0	1700	$4,700	$2.76	0d	1	1.29mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	14d	1	1.30mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	25d	1	1.30mi
7610 Manor Ave Munster, IN	3.0	2.0	1700	$4,750	$2.79	0d	1	1.32mi
17723 Exchange Ave Unit 17723-1N Lansing, IL	3.0	2.0	1100	$1,800	$1.64	0d	1	1.41mi
232 Gregory Ave Munster, IN	3.0	1.5	1600	$2,450	$1.53	0d	1	1.43mi

Listing history 28 events

1. 2026-06-21
   days on market $134,900 Active 264 DOM
2. 2026-06-18
   days on market $134,900 Active 261 DOM
3. 2026-06-17
   days on market $134,900 Active 260 DOM
4. 2026-06-16
   days on market $134,900 Active 259 DOM
5. 2026-06-15
   days on market $134,900 Active 258 DOM
6. 2026-06-13
   days on market $134,900 Active 256 DOM
7. 2026-06-09
   days on market $134,900 Active 252 DOM
8. 2026-06-08
   days on market $134,900 Active 251 DOM
9. 2026-06-07
   days on market $134,900 Active 250 DOM
10. 2026-06-04
    days on market $134,900 Active 247 DOM
11. 2026-06-03
    days on market $134,900 Active 246 DOM
12. 2026-06-02
    days on market $134,900 Active 245 DOM
13. 2026-06-01
    days on market $134,900 Active 244 DOM
14. 2026-05-31
    days on market $134,900 Active 243 DOM
15. 2025-09-30
    listed $134,900 Active
16. 2008-10-22
    soldstatus $115,000
17. 2008-10-01
    soldstatus $115,000 Closed Sale 414-char remark

    Show marketing remark (414 chars)

    CLEAN & UPDATED !! This 3 bedroom Home has many improvements- New Hot Water Tank, Furnace, Roof, Tile and Driveway. The Liv Rm has Vaulted ceiling and a beautiful Bay window. The addition on the back of the house really opens the kitchen and gives plenty of light and views of the nicely decorated Backyard which has a oversized 2 1/2 car garage and newly poured driveway. Great Home come and see it Today !!

18. 2008-09-23
    historical 414-char remark

    Show marketing remark (414 chars)

    CLEAN & UPDATED !! This 3 bedroom Home has many improvements- New Hot Water Tank, Furnace, Roof, Tile and Driveway. The Liv Rm has Vaulted ceiling and a beautiful Bay window. The addition on the back of the house really opens the kitchen and gives plenty of light and views of the nicely decorated Backyard which has a oversized 2 1/2 car garage and newly poured driveway. Great Home come and see it Today !!

19. 2008-08-14
    price $113,900 414-char remark

    Show marketing remark (414 chars)

    CLEAN & UPDATED !! This 3 bedroom Home has many improvements- New Hot Water Tank, Furnace, Roof, Tile and Driveway. The Liv Rm has Vaulted ceiling and a beautiful Bay window. The addition on the back of the house really opens the kitchen and gives plenty of light and views of the nicely decorated Backyard which has a oversized 2 1/2 car garage and newly poured driveway. Great Home come and see it Today !!

20. 2008-08-04
    listed $114,900 414-char remark

    Show marketing remark (414 chars)

    CLEAN & UPDATED !! This 3 bedroom Home has many improvements- New Hot Water Tank, Furnace, Roof, Tile and Driveway. The Liv Rm has Vaulted ceiling and a beautiful Bay window. The addition on the back of the house really opens the kitchen and gives plenty of light and views of the nicely decorated Backyard which has a oversized 2 1/2 car garage and newly poured driveway. Great Home come and see it Today !!

21. 2008-07-31
    historical
22. 2008-07-10
    status
23. 2008-06-18
    historical
24. 2008-02-06
    listed
25. 2008-02-05
    historical
26. 2008-01-31
    listed
27. 2008-01-30
    historical
28. 2007-06-30
    listed

ⓘ 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: $5,711 · $476/mo
• Projected year-2 tax: $5,711 · $476/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 5/10 Major FEMA zone X (shaded) · 24% 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 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,574
• − Mortgage interest: −$7,556
• − Property taxes: −$5,711
• − Insurance: −$674
• − Repairs & maintenance: −$1,806
• − Management: −$1,806
• − Depreciation: −$3,924
• Taxable income: $1,096
• Est. tax owed @ 24.0%: −$263
• After-tax cash flow: $2,696/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

+17.4% since first listed

14 events — show timeline

• 2025-09-30 Listed $134,900 MRED as Distributed by MLS Grid
• 2008-10-22 Sold (Public Records) $115,000 Public Records
• 2008-10-01 Sold (MLS) $115,000 MRED as Distributed by MLS Grid
• 2008-09-23 Listing Removed — MRED as Distributed by MLS Grid
• 2008-08-14 Price Changed $113,900 MRED as Distributed by MLS Grid
• 2008-08-04 Listed $114,900 MRED as Distributed by MLS Grid
• 2008-07-31 Listing Removed — MRED as Distributed by MLS Grid
• 2008-07-10 Relisted — MRED as Distributed by MLS Grid
• 2008-06-18 Contingent — MRED as Distributed by MLS Grid
• 2008-02-06 Listed — MRED as Distributed by MLS Grid
• 2008-02-05 Listing Removed — MRED as Distributed by MLS Grid
• 2008-01-31 Listed — MRED as Distributed by MLS Grid
• 2008-01-30 Listing Removed — MRED as Distributed by MLS Grid
• 2007-06-30 Listed — MRED as Distributed by MLS Grid

Property tax history

+6.7%/yr

Latest (2023): $5,711 · +85.7% YoY. Source: county tax records.