3607 Monroe St · Bellwood, IL 60104

$149,650

3 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 118 Days on market

Built 1957 5,079 sqft lot Est $249k · 40% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• 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

This Ranch style single family home offers 3 bedrooms and 1 bathrooms with approximately 1040 square feet of living space on a 0.12 acre lot. There are no inspection or financing contingencies on this cash only purchase. No Buyer Premium on this property. The seller has closing representation in this transaction. The buyer has the right to select their own title/closing company, or may use the sellers title company. The buyer is responsible for all closing costs in this transaction. In the event the buyer chooses their own title/closing company, the buyer will be responsible for additional costs for coordinating the closing that are completed by the sellers title company. Sold As Is. Seller

Key facts

• 5,079 sq ft lot
• 2 garage spots
• Built 1957

Property features AI

Finance

• Other: Ownership: Fee simple
• Financial info: Special Service Area: No
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with 2 parking spaces (2 total)
• Utilities: Public water; Public sewer; Electric with circuit breakers
• Home design: Detached single-family home; One-story
• Construction: Brick construction; Built approximately 61–70 years ago; Built before 1978; Not rebuilt or rehabbed
• Exterior features: Lot smaller than 0.25 acre; Lot dimensions: 5081

Interior

• Kitchen: Kitchen on the main level, approximately 9 x 17
• Bedrooms: Three bedrooms (all on the main level); Primary bedroom on the main level, approximately 12 x 12; Second bedroom on the main level, approximately 10 x 12; Third bedroom on the main level, approximately 10 x 10
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: Finished full basement; Six total rooms
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $591 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.0% 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; 16 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 20 sale attempts since 18y 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.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $136,181 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% 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. 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. 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?
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: 1.37% ✓
• Cap rate: 11.03%
• Cash-on-cash: 16.93%
• DSCR: 1.75
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $248,560
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3515 Madison St	0.08mi	3/2.0	1,059 (+2%)	2mo	$165,000	$156	88
742 Bellwood Ave	0.08mi	2/1.0 (-1)	1,008 (-3%)	0mo	$151,000	$150	86
609 Linden Ave	0.29mi	3/1.0	1,008 (-3%)	2mo	$241,000	$239	79
3912 Adams St	0.25mi	3/1.0	1,100 (+6%)	2mo	$285,000	$259	77
1022 Eastern Ave	0.33mi	3/1.0	984 (-5%)	1mo	$205,000	$208	75
932 Bellwood Ave	0.17mi	3/2.0	1,109 (+7%)	3mo	$280,000	$252	75
524 Eastern Ave	0.41mi	3/1.0	984 (-5%)	4mo	$245,000	$249	68
236 Bohland Ave	0.72mi	3/1.0	1,025 (-1%)	2mo	$220,000	$215	63
317 Frederick Ave	0.67mi	3/1.0	961 (-8%)	2mo	$213,000	$222	54
404 Frederick Ave	0.60mi	2/1.0 (-1)	949 (-9%)	4mo	$295,000	$311	49
253 Park Ct	0.72mi	3/2.0	960 (-8%)	3mo	$319,900	$333	47
240 Linden Ave	0.72mi	3/2.0	1,187 (+14%)	3mo	$133,300	$112	37

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: 8.2%
• Equity multiple: 1.32×
• Total profit: $13,426
• Equity at exit: $22,313

10-year hold

• IRR: 17.4%
• Equity multiple: 2.44×
• Total profit: $60,290
• Equity at exit: $12,939

Cash invested: $41,902 (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: 6.1×

Monthly cashflow live

• Estimated rent: $2,057 high
• Mortgage (P&I): −$785
• Tax est. 1.5%: −$187 /mo · $2,245/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $591

Break-even live

Break-even rent $1,309

Max offer price $149,650

Occupancy floor 66%

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: $37,412
• Closing costs: $4,490
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1013 Bellwood Ave Unit 2W Bellwood, IL	2.0	1.0	925	$1,850	$2.00	20d	1	0.23mi
1104 Rice Ave Bellwood, IL	2.0	1.0	995	$1,725	$1.73	22d	1	0.35mi
631 Balmoral Ave Westchester, IL	2.0	1.0	903	$2,100	$2.33	24d	1	0.52mi
422 Granville Ave Hillside, IL	3.0	1.0	1194	$2,571	$2.15	7d	1	0.53mi
723 Manchester Ave Westchester, IL	3.0	2.0	1151	$2,721	$2.36	24d	1	0.64mi
3108 Saint Charles Rd Unit 2B Bellwood, IL	2.0	1.0	750	$1,550	$2.07	24d	1	0.74mi
1215 Balmoral Ave Unit 1 Westchester, IL	3.0	1.5	1500	$2,750	$1.83	24d	1	0.98mi
1215 Balmoral Ave Unit 2 Westchester, IL	3.0	1.5	1500	$2,950	$1.97	15d	1	0.98mi
312 23rd Ave Unit 2 Bellwood, IL	2.0	1.0	850	$1,775	$2.09	20d	1	1.06mi
323 22nd Ave Unit G Bellwood, IL	2.0	1.0	750	$1,750	$2.33	24d	1	1.11mi
1814 Warren St Unit 2W Maywood, IL	3.0	1.0	1200	$2,500	$2.08	1d	1	1.11mi
1814 Warren St Maywood, IL	3.0	1.0	1200	$2,500	$2.08	10d	1	1.11mi
2416 W Roosevelt Rd Apt 1S Broadview, IL	2.0	1.0	884	$1,475	$1.67	24d	1	1.20mi
12 23rd Ave Melrose Park, IL	2.0	1.0	850	$1,775	$2.09	20d	1	1.27mi
12 23rd Ave Melrose Park, IL	2.0	1.0	850	$1,775	$2.09	12d	1	1.27mi
10351 Canterbury St Unit 2E Westchester, IL	2.0	1.0	850	$1,650	$1.94	24d	1	1.49mi

Listing history 50 events

1. 2026-05-18
   status Pending
2. 2026-04-27
   status Auction
3. 2026-04-27
   price $149,650
4. 2026-03-25
   status Pending
5. 2025-12-18
   listed $153,750 Active
6. 2025-03-13
   historical Contingent - Continue to Show
7. 2025-03-12
   historical
8. 2025-02-25
   listed Active
9. 2025-02-19
   historical
10. 2025-02-13
    price
11. 2025-02-06
    listed Active
12. 2025-02-06
    historical
13. 2025-02-06
    listed Active
14. 2023-06-02
    historical
15. 2023-05-02
    listed Active
16. 2022-08-18
    historical
17. 2022-08-18
    status Temporarily No Showings
18. 2022-08-16
    historical
19. 2022-04-08
    status Active
20. 2022-04-08
    listed Active
21. 2022-04-08
    historical
22. 2022-04-02
    historical Contingent - Continue to Show
23. 2022-03-22
    price
24. 2021-12-02
    listed Active
25. 2015-09-17
    soldstatus $144,000
26. 2015-07-24
    soldstatus $144,000 Closed Sale
27. 2015-06-07
    historical Contingent
28. 2015-06-03
    historical
29. 2015-06-03
    listed $144,900 New
30. 2015-05-22
    status Reactivated
31. 2015-05-03
    historical Contingent
32. 2015-04-22
    status Reactivated
33. 2015-01-30
    historical Contingent
34. 2014-12-09
    listed New
35. 2013-12-16
    historical
36. 2013-10-16
    listed New
37. 2013-08-31
    historical
38. 2012-08-08
    listed New
39. 2011-11-10
    historical
40. 2010-11-10
    listed New
41. 2010-09-01
    historical
42. 2010-04-15
    price Price Change
43. 2009-08-08
    price Price Change
44. 2009-06-03
    price
45. 2009-03-23
    price
46. 2009-02-05
    price
47. 2009-01-31
    listed
48. 2009-01-01
    historical
49. 2008-09-26
    price
50. 2008-04-07
    historical

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,687
• − Mortgage interest: −$8,383
• − Property taxes: −$2,245
• − Insurance: −$748
• − Repairs & maintenance: −$1,975
• − Management: −$1,975
• − Depreciation: −$4,353
• Taxable income: $5,008
• Est. tax owed @ 24.0%: −$1,202
• After-tax cash flow: $5,891/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

Price history

+68.1% since first listed

53 events — show timeline

• 2026-05-18 Pending — MRED as Distributed by MLS Grid
• 2026-04-27 Relisted — MRED as Distributed by MLS Grid
• 2026-04-27 Price Changed $149,650 MRED as Distributed by MLS Grid
• 2026-03-25 Pending — MRED as Distributed by MLS Grid
• 2025-12-18 Listed $153,750 MRED as Distributed by MLS Grid
• 2025-03-13 Contingent — MRED as Distributed by MLS Grid
• 2025-03-12 Listing Removed — MRED as Distributed by MLS Grid
• 2025-02-25 Listed — MRED as Distributed by MLS Grid
• 2025-02-19 Listing Removed — MRED as Distributed by MLS Grid
• 2025-02-13 Price Changed — MRED as Distributed by MLS Grid
• 2025-02-06 Listed — MRED as Distributed by MLS Grid
• 2025-02-06 Listing Removed — MRED as Distributed by MLS Grid
• 2025-02-06 Listed — MRED as Distributed by MLS Grid
• 2023-06-02 Listing Removed — MRED as Distributed by MLS Grid
• 2023-05-02 Listed — MRED as Distributed by MLS Grid
• 2022-08-18 Listing Removed — MRED as Distributed by MLS Grid
• 2022-08-18 Relisted — MRED as Distributed by MLS Grid
• 2022-08-16 Listing Removed — MRED as Distributed by MLS Grid
• 2022-04-08 Relisted — MRED as Distributed by MLS Grid
• 2022-04-08 Listing Removed — MRED as Distributed by MLS Grid
• 2022-04-08 Listed — MRED as Distributed by MLS Grid
• 2022-04-02 Contingent — MRED as Distributed by MLS Grid
• 2022-03-22 Price Changed — MRED as Distributed by MLS Grid
• 2021-12-02 Listed — MRED as Distributed by MLS Grid
• 2015-09-17 Sold (Public Records) $144,000 Public Records
• 2015-07-24 Sold (MLS) $144,000 MRED as Distributed by MLS Grid
• 2015-06-07 Contingent — MRED as Distributed by MLS Grid
• 2015-06-03 Listing Removed — MRED as Distributed by MLS Grid
• 2015-06-03 Listed $144,900 MRED as Distributed by MLS Grid
• 2015-05-22 Relisted — MRED as Distributed by MLS Grid
• 2015-05-03 Contingent — MRED as Distributed by MLS Grid
• 2015-04-22 Relisted — MRED as Distributed by MLS Grid
• 2015-01-30 Contingent — MRED as Distributed by MLS Grid
• 2014-12-09 Listed — MRED as Distributed by MLS Grid
• 2013-12-16 Listing Removed — MRED as Distributed by MLS Grid
• 2013-10-16 Listed — MRED as Distributed by MLS Grid
• 2013-08-31 Listing Removed — MRED as Distributed by MLS Grid
• 2012-08-08 Listed — MRED as Distributed by MLS Grid
• 2011-11-10 Listing Removed — MRED as Distributed by MLS Grid
• 2010-11-10 Listed — MRED as Distributed by MLS Grid
• 2010-09-01 Listing Removed — MRED as Distributed by MLS Grid
• 2010-04-15 Price Changed — MRED as Distributed by MLS Grid
• 2009-08-08 Price Changed — MRED as Distributed by MLS Grid
• 2009-06-03 Price Changed — MRED as Distributed by MLS Grid
• 2009-03-23 Price Changed — MRED as Distributed by MLS Grid
• 2009-02-05 Price Changed — MRED as Distributed by MLS Grid
• 2009-01-31 Listed — MRED as Distributed by MLS Grid
• 2009-01-01 Listing Removed — MRED as Distributed by MLS Grid
• 2008-09-26 Price Changed — MRED as Distributed by MLS Grid
• 2008-04-07 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-05 Listed — MRED as Distributed by MLS Grid
• 2008-04-05 Listed — MRED as Distributed by MLS Grid
• 1993-01-19 Sold (Public Records) $89,000 Public Records

Property tax history

+4.5%/yr

Latest (2023): $7,984 · +10.7% YoY. Source: county tax records.