914 Coach Rd · Homewood, IL 60430

$250,000

3 bd · 1.5 ba · 1,197 sqft · SingleFamily public records · 19 Days on market

Built 1961 Est $239k · at est.

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Why this score? — see what drove the D+ 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 +18.6/30.0
• 1% rule +6.2/10.0
• DSCR +5.9/10.0
• ARV discount +5.5/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 914 Coach Rd in the heart of Homewood, a charming and well-maintained ranch-style home offering timeless curb appeal and comfortable everyday living. This 3-bedroom, 1.5-bath residence features a functional layout with spacious living areas, abundant natural light, and a detached garage for added convenience. Situated on a generously sized lot in a great neighborhood, the home is just minutes from parks, shopping, dining, Metra access, and award-winning Homewood-Flossmoor schools. A wonderful opportunity to enjoy suburban living with easy access to everything Homewood has to offer. Being sold AS-IS.

Key facts

• 2 garage spots
• Built 1961
• Listed 19 days

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (2 garage spaces, 2 total parking spaces); Owned garage
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Built before 1978 (61–70 years old); Vinyl siding and brick exterior
• Construction: Vinyl siding and brick construction; Built approximately 61–70 years ago; Not rebuilt or rehabilitated
• Exterior features: Less than 0.25 acre lot; Lot dimensions listed

Interior

• Kitchen: Cooktop; Oven; Microwave; Refrigerator
• Bedrooms: 3 bedrooms (all on main level); Primary bedroom on main level
• Bathrooms: 1 full bathroom; 1 half bathroom; Basement has a bathroom
• Heating & cooling: Natural gas forced air heating; Central air conditioning; Ceiling fan(s)
• Interior features: Unfinished full basement; 7 total rooms; Recreation room (basement)
• Laundry & utility: Laundry room; Washer; Dryer; Sump pump

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $245 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $246k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 6.1% in Homewood — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 81/100 on livability (#81 in IL, #1,314 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, cost of living A+; Watch: schools D+, amenities F.
• Homewood Flossmoor Chsd 233 (suburban): math 21% / reading 27% proficiency, ranked #272 of 620 in IL (top 44%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 101 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price.

Recommended offer $246,250 (1.5% below list)

Questions for the listing agent

1. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 1.12% ✓
• Cap rate: 7.47%
• Cash-on-cash: 4.19%
• DSCR: 1.19
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $239,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
914 Coach Rd	0.00mi	3/1.5	1,197 (0%)	0mo	$275,000	$230	100
945 W 187th St	0.06mi	4/1.5 (+1)	1,197 (0%)	4mo	$244,000	$204	89
18430 Aberdeen St	0.45mi	3/2.0	1,223 (+2%)	0mo	$242,000	$198	73
900 W Strieff Ln	0.38mi	3/1.5	1,269 (+6%)	3mo	$210,000	$165	70
18815 Morgan St	0.13mi	4/3.0 (+1)	1,262 (+5%)	7mo	$262,000	$208	68
330 N Illinois Ave	0.27mi	3/1.5	1,309 (+9%)	5mo	$235,000	$180	68
214 N Gay Ct	0.20mi	4/2.0 (+1)	1,088 (-9%)	3mo	$294,000	$270	66
1129 183rd St	0.62mi	3/2.0	1,216 (+2%)	5mo	$219,150	$180	62
807 W Manor Ct W	0.66mi	4/1.5 (+1)	1,232 (+3%)	1mo	$245,000	$199	59
527 N Virginia Ave	0.49mi	4/2.0 (+1)	1,100 (-8%)	0mo	$297,797	$271	56
18243 Center Ave	0.71mi	3/1.0	1,079 (-10%)	5mo	$216,000	$200	44
313 N Park Dr	0.67mi	4/2.0 (+1)	1,064 (-11%)	2mo	$210,000	$197	41

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: -9.7%
• Equity multiple: 0.65×
• Total profit: $-24,739
• Equity at exit: $37,276

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-707
• Equity at exit: $21,615

Cash invested: $70,000 (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 60430

• Home prices YoY: -32.1%
• Active inventory: 101
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,800 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$552 /mo · $6,626/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $245

Break-even live

Break-even rent $2,490

Max offer price $250,000

Occupancy floor 86%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18117 Loomis Ave Homewood, IL	4.0	2.0	1500	$2,800	$1.87	3d	1	0.99mi

Listing history 11 events

1. 2026-06-10
   status $250,000 Pending 19 DOM
2. 2026-06-09
   days on market $250,000 Contingent - Continue to Show 19 DOM
3. 2026-06-08
   days on market $250,000 Contingent - Continue to Show 18 DOM
4. 2026-06-07
   days on market $250,000 Contingent - Continue to Show 17 DOM
5. 2026-06-04
   days on market $250,000 Contingent - Continue to Show 14 DOM
6. 2026-06-03
   days on market $250,000 Contingent - Continue to Show 13 DOM
7. 2026-06-02
   days on market $250,000 Contingent - Continue to Show 12 DOM
8. 2026-06-01
   days on market $250,000 Contingent - Continue to Show 11 DOM
9. 2026-05-31
   days on market $250,000 Contingent - Continue to Show 10 DOM
10. 2026-05-21
    listed $250,000 Active
11. 2026-05-20
    historical $250,000

ⓘ 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: $6,626 · $552/mo
• Projected year-2 tax: $6,626 · $552/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 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,600
• − Mortgage interest: −$14,004
• − Property taxes: −$6,626
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,688
• − Management: −$2,688
• − Depreciation: −$7,273
• Taxable loss: −$928
• Est. tax savings @ 24.0%: +$223
• After-tax cash flow: $3,159/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: Homewood Flossmoor Chsd 233
• NCES district ID: 1719560
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 27% ▼ -13.00%
• Median HH income: $83,564
• Composite: 24.42/100
• National rank: #7681
• State rank: #272 of 620 in IL

Livability — Homewood

• Score: 81/100
• State rank: #81
• US rank: #1314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homewood, IL
• City population: 19,993
• Population (ZIP): 19,993

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 44% White 42% Hispanic / Latino 9% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 5% Iranian 2% Italian 2%
• Foreign-born: 6% · Canada, Dominican Republic
• Languages at home: 91% English-only · Spanish 5% Russian/Polish/Slavic 1% German/W. Germanic 1%

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: ▼ -105.00%
• Current HPI: 222.2923
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-21 Listed $250,000 MRED as Distributed by MLS Grid
• 2026-05-20 Coming Soon $250,000 MRED as Distributed by MLS Grid

Property tax history

+4.8%/yr

Latest (2023): $6,626 · +27.2% YoY. Source: county tax records.