1354 Gordon Ave · Calumet City, IL 60409

$134,999

3 bd · 1.0 ba · 945 sqft · SingleFamily public records · 58 Days on market

Built 1954 6,200 sqft lot Est $148k · 9% 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 +26.0/30.0
• ARV discount +11.6/15.0
• DSCR +8.7/10.0
• 1% rule +6.9/10.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Freshly updated ranch in Calumet City is a sharp buy for first-time buyers, downsizers, and investors looking for a clean, turnkey property at an accessible price point. Inside, brand new luxury vinyl flooring, fresh paint, updated light fixtures, and new laminate countertops give the home a crisp, move-in ready feel throughout. The oversized backyard with a spacious deck is a genuine highlight, with plenty of room to entertain, garden, or simply enjoy the outdoors. Minutes from major expressways, easy access into Chicago, and a short drive to the Indiana border for shopping, dining, and entertainment. Everyday conveniences are close by. Schedule your showing today.

Key facts

• Spacious deck
• Oversized backyard
• 6,200 sq ft lot

Tags

• OVERSIZED BACKYARD
• SPACIOUS DECK
• EASY ACCESS INTO CHICAGO
• SHORT DRIVE TO INDIANA BORDER

Property features AI

Finance

• Other: Ownership: Fee simple; Property not currently leased; Possession at closing; Parcel number available
• HOA & community: No master association fee required

Exterior

• Parking: Detached owned garage (2 garage spaces, 2 total parking spaces)
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Detached single-family home; One-story; Accessible / disability access equipped; Built approximately 71–80 years ago; Estimated living area
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Property built before 1978
• Exterior features: Deck; Porch

Interior

• Kitchen: Galley-style kitchen (9 x 13) with luxury vinyl flooring
• Bedrooms: Master bedroom on main level (12 x 14) with luxury vinyl flooring; Second bedroom on main level (12 x 12) with luxury vinyl flooring; Additional bedrooms listed (no level or dimensions provided)
• Flooring: Luxury vinyl flooring in main living areas and bedrooms; Vinyl flooring in family room
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Five total rooms; CO detectors; Ceiling fans
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#330 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, schools F, crime D-.
• 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 (+6.2%/yr); 198 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 35% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $38k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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.
• Current owner paid $92k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,949 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.19% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.67%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $148,365
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1351 Gordon Ave	0.03mi	2/1.0 (-1)	945 (0%)	7mo	$140,000	$148	88
1378 Hirsch Ave	0.14mi	2/1.0 (-1)	945 (0%)	9mo	$148,000	$157	81
1404 Burnham Ave	0.23mi	2/1.0 (-1)	945 (0%)	7mo	$77,595	$82	79
1386 Price Ave	0.10mi	2/1.0 (-1)	1,000 (+6%)	10mo	$159,000	$159	72
1554 Burnham Ave	0.53mi	2/1.0 (-1)	945 (0%)	2mo	$125,000	$132	69
1501 Freeland Ave	0.38mi	3/1.0	1,000 (+6%)	9mo	$110,000	$110	65
1269 Arthur St	0.55mi	3/1.5	999 (+6%)	2mo	$168,000	$168	61
1481 Lincoln Pl	0.36mi	3/1.5	1,047 (+11%)	6mo	$85,000	$81	58
19 Schrum Rd	0.47mi	3/1.5	1,062 (+12%)	3mo	$109,000	$103	54
102 163rd St	0.45mi	4/1.5 (+1)	1,024 (+8%)	10mo	$165,000	$161	50
1261 Balmoral Ave	0.62mi	3/1.5	1,055 (+12%)	2mo	$172,000	$163	48
1303 Balmoral Ave	0.61mi	3/1.5	1,036 (+10%)	9mo	$175,000	$169	46

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 · 6.17% rent growth · sell at horizon

5-year hold

• IRR: 3.2%
• Equity multiple: 1.13×
• Total profit: $4,838
• Equity at exit: $20,129

10-year hold

• IRR: 15.6%
• Equity multiple: 2.46×
• Total profit: $55,024
• Equity at exit: $11,672

Cash invested: $37,800 (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 60409

• Home prices YoY: -27.6%
• Rents YoY: 6.2%
• Active inventory: 198
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,606 high
• Mortgage (P&I): −$708
• Tax est. 1.5%: −$169 /mo · $2,025/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $336

Break-even live

Break-even rent $1,181

Max offer price $134,999

Occupancy floor 74%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1338 Wentworth Ave Unit 1338 Calumet City, IL	2.0	1.0	800	$1,430	$1.79	24d	1	0.30mi
1539 Wentworth Ave Unit 3W Calumet City, IL	3.0	1.0	1100	$1,700	$1.55	12d	1	0.55mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	24d	1	0.98mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	16d	1	0.98mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	12d	1	1.00mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	24d	1	1.01mi
115 157th St Unit 3 Calumet City, IL	3.0	1.0	800	$1,350	$1.69	24d	1	1.12mi
3069 Bernice Rd Apt 2N Lansing, IL	3.0	1.0	950	$1,535	$1.62	20d	1	1.15mi
3069 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	950	$1,535	$1.62	2d	1	1.15mi
3023 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	1000	$1,600	$1.60	1d	1	1.17mi
3649 173rd Ct Lansing, IL	2.0	2.0	972	$1,357	$1.40	24d	1	1.18mi

Listing history 23 events

1. 2026-06-18
   days on market $134,999 Active 58 DOM
2. 2026-06-17
   days on market $134,999 Active 57 DOM
3. 2026-06-16
   days on market $134,999 Active 56 DOM
4. 2026-06-15
   days on market $134,999 Active 55 DOM
5. 2026-06-13
   days on market $134,999 Active 53 DOM
6. 2026-06-09
   days on market $134,999 Active 49 DOM
7. 2026-06-08
   days on market $134,999 Active 48 DOM
8. 2026-06-07
   days on market $134,999 Active 47 DOM
9. 2026-06-04
   days on market $134,999 Active 44 DOM
10. 2026-06-03
    days on market $134,999 Active 43 DOM
11. 2026-06-02
    days on market $134,999 Active 42 DOM
12. 2026-06-01
    days on market $134,999 Active 41 DOM
13. 2026-05-31
    days on market $134,999 Active 40 DOM
14. 2026-04-21
    listed $134,999 Active
15. 2026-04-21
    historical
16. 2026-03-01
    listed Active
17. 2025-03-23
    historical
18. 2025-02-14
    listed Active
19. 2007-11-05
    historical
20. 2007-01-22
    listed
21. 2005-08-09
    soldstatus $92,000
22. 1992-10-26
    soldstatus $58,000
23. 1988-04-01
    soldstatus $46,600

ⓘ 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 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,276
• − Mortgage interest: −$7,562
• − Property taxes: −$2,025
• − Insurance: −$675
• − Repairs & maintenance: −$1,542
• − Management: −$1,542
• − Depreciation: −$3,927
• Taxable income: $2,003
• Est. tax owed @ 24.0%: −$481
• After-tax cash flow: $3,552/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 — Calumet City

• Score: 71/100
• State rank: #330
• US rank: #6552

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calumet City, IL
• County: Cook County · 4,486,803 people
• City population: 35,100
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 35,100
• Household income: $55,369
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 2415.0

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: Predominantly Black (74%)
• Race & ethnicity: Black 74% Hispanic / Latino 15% White 7% Two or more races 4%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Romanian 2%
• Foreign-born: 9% · Canada
• Languages at home: 83% English-only · Spanish 14%

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: ▼ -75.01%
• Current HPI: 197.2137
• Rent YoY: ▲ 6.17%
• 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

+189.7% since first listed

10 events — show timeline

• 2026-04-21 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-21 Listed $134,999 MRED as Distributed by MLS Grid
• 2026-03-01 Listed — MRED as Distributed by MLS Grid
• 2025-03-23 Listing Removed — MRED as Distributed by MLS Grid
• 2025-02-14 Listed — MRED as Distributed by MLS Grid
• 2007-11-05 Listing Removed — MRED as Distributed by MLS Grid
• 2007-01-22 Listed — MRED as Distributed by MLS Grid
• 2005-08-09 Sold (Public Records) $92,000 Public Records
• 1992-10-26 Sold (Public Records) $58,000 Public Records
• 1988-04-01 Sold (Public Records) $46,600 Public Records

Property tax history

+4.9%/yr

Latest (2023): $7,234 · +22.5% YoY. Source: county tax records.