543 47th Ave · Bellwood, IL 60104

$250,000

3 bd · 1.5 ba · 1,274 sqft · SingleFamily public records · 15 Days on market

Built 1951 Est $303k · 18% under

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Why this score? — see what drove the C- 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 +16.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks

The perfect opportunity to transform an amazing layout into today's modern needs. It's the perfect blend of charm, space, and potential. Featuring a primary suite, open concept kitchen and living room, and a 2 car garage. The additional 2 bedrooms are comfortable size, hardwoods throughout, and an abundance of natural light. There's a large fenced back yard that's ideal for entertaining and play! Bring your ideas, this home could be your dream!

Key facts

• 2 garage spots
• Built 1951

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: 2-car garage (owned)
• Home design: Detached single-family home; Single-story
• Construction: Built approximately 71-80 years ago; Built before 1978

Interior

• Bedrooms: 2 bedrooms; Master bedroom (with full bath); Additional bedrooms listed as Bedroom 3 and Bedroom 4
• Bathrooms: 2 full bathrooms
• Interior features: Full basement; Family room; Living room; Dining room
• Laundry & utility: Laundry room

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 $150 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $238k (4.9% below list).
• Recommended offer: $238k (4.9% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 5.3% in Bellwood — 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 77/100 on livability (#155 in IL, #2,847 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D+, schools F, amenities F.
• Proviso Twp Hsd 209 (suburban): math 12% / reading 17% proficiency, ranked #507 of 620 in IL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 41 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $237,636 (4.9% below list)

Questions for the listing agent

1. Built in 1951 — 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: 0.95% ✗
• Cap rate: 7.01%
• Cash-on-cash: 2.57%
• DSCR: 1.11
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $303,212
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
512 50th Ave	0.23mi	3/1.0	1,288 (+1%)	0mo	$287,000	$223	85
540 47th Ave	0.03mi	3/1.0	1,350 (+6%)	4mo	$295,000	$219	84
4530 Butterfield Rd	0.38mi	3/2.5	1,300 (+2%)	0mo	$349,900	$269	75
505 47th Ave	0.09mi	3/2.0	1,100 (-14%)	1mo	$327,000	$297	70
3602 Madison St	0.72mi	3/1.5	1,260 (-1%)	1mo	$300,000	$238	63
3703 Butterfield Rd	0.62mi	4/1.5 (+1)	1,247 (-2%)	3mo	$285,000	$229	60
31 46th Ave	0.68mi	3/1.5	1,328 (+4%)	2mo	$310,000	$233	59
319 50th Ave	0.35mi	3/2.5	1,141 (-10%)	4mo	$350,000	$307	59
768 N Rohde Ave	0.52mi	3/1.5	1,120 (-12%)	1mo	$320,000	$286	55
129 49th Ave	0.56mi	3/1.0	1,115 (-12%)	0mo	$145,000	$130	51
500 N Laverne Ave	0.74mi	3/1.0	1,200 (-6%)	3mo	$270,000	$225	51
3912 Adams St	0.66mi	3/1.0	1,100 (-14%)	2mo	$285,000	$259	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.56×
• Total profit: $-30,945
• Equity at exit: $37,276

10-year hold

• IRR: -3.1%
• Equity multiple: 0.79×
• Total profit: $-14,529
• 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 60104

• Active inventory: 41
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,376 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $150

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 89%

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 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
422 Granville Ave Hillside, IL	3.0	1.0	1194	$2,571	$2.15	7d	1	0.28mi
1013 Bellwood Ave Unit 2W Bellwood, IL	2.0	1.0	925	$1,850	$2.00	20d	1	0.85mi
631 Balmoral Ave Westchester, IL	2.0	1.0	903	$2,100	$2.33	24d	1	1.02mi
1104 Rice Ave Bellwood, IL	2.0	1.0	995	$1,725	$1.73	22d	1	1.04mi
624 Norfolk Ave Unit 1237891P Westchester, IL	3.0	2.0	1646	$12,991	$7.89	21d	1	1.24mi
1941 Herbert Ave Berkeley, IL	3.0	1.0	1124	$2,500	$2.22	24d	1	1.28mi
5810 Saint Charles Rd Unit JER & Assocaties 5830-GF Berkeley, IL	2.0	1.0	914	$1,640	$1.79	7d	1	1.34mi
723 Manchester Ave Westchester, IL	3.0	2.0	1151	$2,721	$2.36	24d	1	1.35mi
1215 Balmoral Ave Unit 2 Westchester, IL	3.0	1.5	1500	$2,950	$1.97	15d	1	1.44mi
1215 Balmoral Ave Unit 1 Westchester, IL	3.0	1.5	1500	$2,750	$1.83	24d	1	1.44mi

Listing history 11 events

1. 2026-06-18
   days on market $250,000 Coming Soon 15 DOM
2. 2026-06-17
   days on market $250,000 Coming Soon 14 DOM
3. 2026-06-16
   days on market $250,000 Coming Soon 13 DOM
4. 2026-06-15
   days on market $250,000 Coming Soon 12 DOM
5. 2026-06-13
   days on market $250,000 Coming Soon 10 DOM
6. 2026-06-13
   days on market $250,000 Coming Soon 9 DOM
7. 2026-06-09
   days on market $250,000 Coming Soon 6 DOM
8. 2026-06-08
   days on market $250,000 Coming Soon 5 DOM
9. 2026-06-07
   days on market $250,000 Coming Soon 4 DOM
10. 2026-06-04
    remarks 449-char remark
11. 2026-06-04
    listed $250,000 Coming Soon 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,516
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,281
• − Management: −$2,281
• − Depreciation: −$7,273
• Taxable loss: −$2,323
• Est. tax savings @ 24.0%: +$557
• After-tax cash flow: $2,353/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: Proviso Twp Hsd 209
• NCES district ID: 1732910
• Math proficiency: 12% ▼ -4.00%
• Reading proficiency: 17% ▼ -3.00%
• Median HH income: $51,744
• Composite: 13.5/100
• National rank: #9518
• State rank: #507 of 620 in IL

Livability — Bellwood

• Score: 77/100
• State rank: #155
• US rank: #2847

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bellwood, IL
• City population: 18,390
• Population (ZIP): 18,390

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 (70%)
• Race & ethnicity: Black 70% Hispanic / Latino 23% Two or more races 7% White 4% Asian 1%
• Hispanic origin (detail): Mexican 18% Puerto Rican 4%
• Common ancestry: Romanian 1%
• Foreign-born: 10% · Canada
• Languages at home: 78% English-only · Spanish 20% Other Indo-European 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: ▼ -212.49%
• Current HPI: 290.8215
• 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