20141 Redwood Ave · Lynwood, IL 60411

$235,000

3 bd · 2.0 ba · 1,500 sqft · SingleFamily public records · 98 Days on market

Built 1985 6,600 sqft lot Est $260k · 9% under

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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 +12.9/30.0
• ARV discount +11.7/15.0
• 1% rule +5.2/10.0
• Rent growth +4.1/5.0
• DSCR +3.9/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

A lovely split level home in a desirable community offers timeless comfort and with a little tender care, will be a wonderful first or forever home. Enter into a spacious living room, flowing seamlessly into the dining room. Ample sized kitchen with sliding door leading into enclosed back yard excellent for entertaining and safety of children and pets. 3 bedrooms and 2 baths. Lower level includes a cozy family room, separate laundry room, crawl space for extra storage and entry to attached two car garage. Home also includes a new roof, fence, water heater and top tier generator. Schedule your tour today! Need 24 hr show notice.

Key facts

• Enclosed back yard
• Cozy family room
• Split level home

Tags

• SPLIT LEVEL HOME
• SPACIOUS LIVING ROOM
• AMPLE SIZED KITCHEN
• ENCLOSED BACK YARD
• COZY FAMILY ROOM
• SEPARATE LAUNDRY ROOM

Property features AI

Finance

• Other: Property listed by Payne Realty; Possession at closing
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage with 2 garage spaces (2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership
• Construction: Combination construction materials; Built approximately 41–50 years ago; Not built before 1978
• Exterior features: Lot dimensions approximately 60 x 110; Lot under 0.25 acre; School bus service available

Interior

• Kitchen: Kitchen (Main level) — 14 x 15
• Bedrooms: Master bedroom (Second level) — 13 x 12; Bedroom 2 (Second level) — 10 x 15; Bedroom 3 (Second level) — 8 x 11
• Bathrooms: Two full bathrooms; Basement contains a bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Finished full basement; Seven total rooms; Separate dining room
• Laundry & utility: Laundry room (Lower level) — 13 x 13

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $-16 ($-194/yr) — negative.
• To cash-flow at today's rent, offer at most $232k (1.2% below list).
• Meets the 1% rule at list price ($2k rent vs $235k).
• Recommended offer: $214k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 3.5% in Lynwood — 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 65/100 on livability (#635 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A; Watch: schools F, amenities F, commute F.
• 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 (+6.5%/yr); 222 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• At $2,405/mo this rent would consume 47% of the median local household income ($62k/yr) (locally 1714% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($214k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $128k; list at $235k implies a 84% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price.

Recommended offer $213,850 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
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. 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?
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: 1.02% ✓
• Cap rate: 6.21%
• Cash-on-cash: -0.30%
• DSCR: 0.99
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $259,500
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20124 Juniper Ave	0.09mi	3/2.0	1,407 (-6%)	1mo	$279,000	$198	85
20124 Redwood Ave	0.06mi	4/2.5 (+1)	1,530 (+2%)	7mo	$235,000	$154	81
20144 Driftwood Ave	0.18mi	3/2.0	1,530 (+2%)	10mo	$265,000	$173	80
19913 Arroyo Ave	0.43mi	3/2.0	1,468 (-2%)	0mo	$229,000	$156	76
19808 Lakewood Ave	0.60mi	3/2.0	1,557 (+4%)	5mo	$233,000	$150	61
19900 Monterey Ave	0.52mi	3/2.0	1,365 (-9%)	3mo	$236,500	$173	58
19805 Crescent Ave	0.71mi	3/2.0	1,566 (+4%)	6mo	$228,000	$146	54
20024 Orchard Ave	0.54mi	3/2.0	1,600 (+7%)	12mo	$295,000	$184	54
19901 Terrace Ave	0.72mi	3/2.0	1,421 (-5%)	6mo	$255,000	$179	53
20073 Park Ave	0.70mi	3/3.0	1,373 (-8%)	4mo	$211,500	$154	46
19729 Orchard Ct	0.66mi	3/2.0	1,341 (-11%)	8mo	$180,000	$134	45
20001 Park Ave	0.73mi	3/3.0	1,308 (-13%)	7mo	$285,000	$218	35

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 · 6.48% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.54×
• Total profit: $-30,179
• Equity at exit: $35,039

10-year hold

• IRR: 2.1%
• Equity multiple: 1.18×
• Total profit: $11,694
• Equity at exit: $20,319

Cash invested: $65,800 (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 60411

• Home prices YoY: -33.9%
• Rents YoY: 6.5%
• Active inventory: 222
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,405 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$586 /mo · $7,034/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$505
• Net cashflow: $-16

Break-even live

Break-even rent $2,426

Max offer price $232,142

Occupancy floor 96%

Sensitivity live

Price	-10% $117	-5% $50	+0% $-16	+5% $-83	+10% $-149
Rent	-10% $-206	-5% $-111	+0% $-16	+5% $79	+10% $174
Rate	-1.0pp $102	-0.5pp $44	base $-16	+0.5pp $-77	+1.0pp $-139

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20078 Monterey Ave Lynwood, IL	3.0	2.0	1128	$2,850	$2.53	2d	1	0.40mi
20067 Orchard Ave Lynwood, IL	3.0	1.0	1084	$2,200	$2.03	2d	1	0.48mi
2520 Cedar Glen Dr N Lynwood, IL	3.0	2.5	1992	$2,600	$1.31	2d	1	0.61mi

Listing history 21 events

1. 2026-06-18
   days on market $235,000 Active 98 DOM
2. 2026-06-17
   days on market $235,000 Active 97 DOM
3. 2026-06-16
   days on market $235,000 Active 96 DOM
4. 2026-06-15
   days on market $235,000 Active 95 DOM
5. 2026-06-13
   days on market $235,000 Active 93 DOM
6. 2026-06-09
   days on market $235,000 Active 89 DOM
7. 2026-06-08
   days on market $235,000 Active 88 DOM
8. 2026-06-07
   days on market $235,000 Active 87 DOM
9. 2026-06-04
   days on market $235,000 Active 84 DOM
10. 2026-06-03
    days on market $235,000 Active 83 DOM
11. 2026-06-02
    days on market $235,000 Active 82 DOM
12. 2026-06-01
    days on market $235,000 Active 81 DOM
13. 2026-05-31
    days on market $235,000 Active 80 DOM
14. 2026-04-27
    price $235,000
15. 2026-03-12
    listed $250,000 Active
16. 2025-11-19
    historical
17. 2025-09-27
    price
18. 2025-07-19
    listed Active
19. 1997-08-04
    soldstatus $128,000
20. 1993-03-09
    soldstatus $119,000
21. 1987-06-18
    soldstatus $110,000

ⓘ 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: $7,034 · $586/mo
• Projected year-2 tax: $7,034 · $586/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,864
• − Mortgage interest: −$13,164
• − Property taxes: −$7,034
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,309
• − Management: −$2,309
• − Depreciation: −$6,836
• Taxable loss: −$3,963
• Est. tax savings @ 24.0%: +$951
• After-tax cash flow: $757/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 — Lynwood

• Score: 65/100
• State rank: #635
• US rank: #12997

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lynwood, IL
• County: Cook County · 4,486,803 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 52,175
• Household income: $62,073
• Rent vs Own: 34.8% rent · 65.2% own
• Severe rent burden: 1714.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 49% Hispanic / Latino 26% White 19% Two or more races 11%
• Hispanic origin (detail): Mexican 22% Puerto Rican 2%
• Common ancestry: Romanian 4% Portuguese 1% Lithuanian 1%
• Foreign-born: 12% · Canada
• Languages at home: 76% English-only · Spanish 21% Russian/Polish/Slavic 1% 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: ▼ -108.75%
• Current HPI: 212.4058
• Rent YoY: ▲ 6.48%
• 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

+113.6% since first listed

8 events — show timeline

• 2026-04-27 Price Changed $235,000 MRED as Distributed by MLS Grid
• 2026-03-12 Listed $250,000 MRED as Distributed by MLS Grid
• 2025-11-19 Listing Removed — MRED as Distributed by MLS Grid
• 2025-09-27 Price Changed — MRED as Distributed by MLS Grid
• 2025-07-19 Listed — MRED as Distributed by MLS Grid
• 1997-08-04 Sold (Public Records) $128,000 Public Records
• 1993-03-09 Sold (Public Records) $119,000 Public Records
• 1987-06-18 Sold (Public Records) $110,000 Public Records

Property tax history

+2.9%/yr

Latest (2023): $7,034 · -3.1% YoY. Source: county tax records.