511 N Kenneth Ct N · Glenwood, IL 60425

$189,000

3 bd · 1.0 ba · 1,156 sqft · SingleFamily public records · 159 Days on market

Built 1966 3,750 sqft lot Est $231k · 18% 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 +26.9/30.0
• ARV discount +15.0/15.0
• 1% rule +9.8/10.0
• DSCR +9.3/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

This home features 3 generous size bedrooms and a modern kitchen. Home features hardwood floors throughout. The large backyard with a unique patio will be great for entertaining. Not much to do but add your personal touch to this home.

Key facts

• Large backyard
• Modern kitchen
• Unique patio

Tags

• MODERN KITCHEN
• HARDWOOD FLOORS
• LARGE BACKYARD
• UNIQUE PATIO

Property features AI

Finance

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

Exterior

• Parking: Attached garage (garage owned); Approximately 2.5 garage/total parking spaces; Asphalt driveway
• Utilities: Water source: Lake Michigan; Sewer: Other
• Home design: Detached single-family home; One-story
• Construction: Brick construction; Brick/mortar foundation; Asphalt roof; Built approximately 51–60 years ago; Built before 1978
• Exterior features: Park nearby; Curbs and sidewalks; Street lights and paved streets; Lot dimensions approximately 30 x 125; Lot under 0.25 acre

Interior

• Kitchen: Double oven; Cooktop; Refrigerator
• Bedrooms: 3 bedrooms (all on the main level); Master bedroom on the main level
• Flooring: Hardwood flooring in living room, dining room and bedrooms; Ceramic tile in laundry room
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 6 total rooms; Partially finished basement; Unfinished attic
• Laundry & utility: Laundry room in basement (ceramic tile, 8 x 8)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $524 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $189k).
• Recommended offer: $166k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 8.0% in Glenwood — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 66/100 on livability (#545 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: health & safety D+, amenities F, commute 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.
• Zoned schools: Homewood-Flossmoor High School (math 21% / reading 27%, grade F, #304 of 693 statewide, top 44%, 2,798 students, 0% FRL).
• Market conditions: 53 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 159 days — a 12% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $95k; list at $189k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.9% of price.

Recommended offer $166,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 159 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 1966 — 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. 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.
8. 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.
9. 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: 1.48% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.88%
• DSCR: 1.53
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $231,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
807 W Manor Ct W	0.09mi	4/1.5 (+1)	1,232 (+7%)	1mo	$245,000	$199	78
527 N Virginia Ave	0.23mi	4/2.0 (+1)	1,100 (-5%)	0mo	$297,797	$271	72
900 W Strieff Ln	0.21mi	3/1.5	1,269 (+10%)	3mo	$210,000	$165	69
914 Coach Rd	0.58mi	3/1.5	1,197 (+4%)	0mo	$275,000	$230	65
214 N Gay Ct	0.41mi	4/2.0 (+1)	1,088 (-6%)	3mo	$294,000	$270	60
313 N Park Dr	0.36mi	4/2.0 (+1)	1,064 (-8%)	2mo	$210,000	$197	59
18430 Aberdeen St	0.61mi	3/2.0	1,223 (+6%)	0mo	$242,000	$198	58
945 W 187th St	0.59mi	4/1.5 (+1)	1,197 (+4%)	4mo	$244,000	$204	56
1129 183rd St	0.65mi	3/2.0	1,216 (+5%)	5mo	$219,150	$180	53
18243 Center Ave	0.72mi	3/1.0	1,079 (-7%)	5mo	$216,000	$200	51
330 N Illinois Ave	0.49mi	3/1.5	1,309 (+13%)	5mo	$235,000	$180	49
18144 Aberdeen St	0.68mi	4/2.0 (+1)	1,100 (-5%)	4mo	$245,000	$223	48

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: 1.5%
• Equity multiple: 1.06×
• Total profit: $3,015
• Equity at exit: $28,181

10-year hold

• IRR: 11.2%
• Equity multiple: 1.88×
• Total profit: $46,713
• Equity at exit: $16,341

Cash invested: $52,920 (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 60425

• Home prices YoY: -10.6%
• Active inventory: 53
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,800 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$618 /mo · $7,419/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $524

Break-even live

Break-even rent $2,137

Max offer price $189,000

Occupancy floor 76%

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: $47,250
• Closing costs: $5,670
• 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	1.03mi

Listing history 8 events

1. 2026-05-31
   days on market $189,000 Active 159 DOM
2. 2026-05-17
   price $189,000
3. 2025-11-29
   historical
4. 2025-09-24
   historical
5. 2025-07-24
   historical
6. 2025-05-07
   historical
7. 2001-03-07
   soldstatus $95,000
8. 1997-07-16
   soldstatus $122,000

ⓘ 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: $7,419 · $618/mo
• Projected year-2 tax: $7,419 · $618/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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,600
• − Mortgage interest: −$10,587
• − Property taxes: −$7,419
• − Insurance: −$945
• − Repairs & maintenance: −$2,688
• − Management: −$2,688
• − Depreciation: −$5,498
• Taxable income: $3,775
• Est. tax owed @ 24.0%: −$906
• After-tax cash flow: $5,380/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 — Glenwood

• Score: 66/100
• State rank: #545
• US rank: #11292

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glenwood, IL
• City population: 8,730
• Population (ZIP): 8,730

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 (68%)
• Race & ethnicity: Black 68% White 22% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 3% Iranian 1% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -37.24%
• Current HPI: 314.1777
• 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

+54.9% since first listed

7 events — show timeline

• 2026-05-17 Price Changed $189,000 MRED as Distributed by MLS Grid
• 2025-11-29 Listing Removed — MRED as Distributed by MLS Grid
• 2025-09-24 Listing Removed — MRED as Distributed by MLS Grid
• 2025-07-24 Listing Removed — MRED as Distributed by MLS Grid
• 2025-05-07 Listing Removed — MRED as Distributed by MLS Grid
• 2001-03-07 Sold (Public Records) $95,000 Public Records
• 1997-07-16 Sold (Public Records) $122,000 Public Records

Property tax history

+4.4%/yr

Latest (2023): $7,419 · +44.7% YoY. Source: county tax records.