3513 Jackson St · Bellwood, IL 60104

$365,000

4 bd · 3.6 ba · — sqft · MultiFamily · 41 Days on market

Built 1950 4,356 sqft lot

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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 +20.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +5.4/10.0
• 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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Great opportunity! Multi-family home with 4 bedrooms, 2.5 bathrooms and detached 2 car garage. Units 1 and 2 boasts of lovely upgrades including new carpet and vinyl flooring, new interior paint throughout, new furnace, repaired roof and more! Units 1 and 2 each have 2 bedrooms and 1 refreshed bathroom with combined living and dining rooms. Spacious kitchens have ample counter and cabinet space. All bedrooms have bright natural light, generously-sized closets and hardwood flooring. There is also a lower level unit loaded with potential and is ready for your updates! Exterior has large fenced in yard with patio perfect for your enjoyment. Waiting for the right buyer!

Key facts

• Updated baths
• Large fenced yard
• Finished basement

Tags

• FINISHED BASEMENT
• LARGE FENCED YARD
• SPACIOUS KITCHENS
• UPDATED KITCHENS
• UPDATED BATHS

Property features AI

Finance

• Other: Lot dimensions approximately 35 x 136; Lot size less than 0.25 acre; Parcel number on file
• Financial info: Special service area: No

Exterior

• Parking: Detached garage (garage owned); 2 garage spaces / 2 total parking spaces
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Two- to four-unit building (2 units); Age: approximately 71–80 years; Fee simple ownership; Not rebuilt or rehabbed since original construction; Zoned for multi-family
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built before 1978
• Exterior features: Patio; Fenced lot

Interior

• Kitchen: No appliances listed for either unit
• Bedrooms: 4 bedrooms (two on each unit — one unit on the 1st floor with 2 beds; one unit on the 2nd floor with 2 beds)
• Bathrooms: 2 full bathrooms and 1 half bathroom (total)
• Heating & cooling: Natural gas heating
• Interior features: Finished full basement; 9 total rooms; Sidewalks, street lights and paved streets in the neighborhood
• Laundry & utility: Tenants pay electric and gas

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.5-bath units multifamily listed at $365k.

Deal economics

• At list price, monthly cash flow is $476 ($6k/yr) — positive. Per door: $238/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $365k).
• Recommended offer: $354k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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+, 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.
• Zoned schools: Proviso East High School (math 4% / reading 6%, grade F, #614 of 693 statewide, top 95%, 1,658 students, 0% FRL).
• Market conditions: 41 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($354k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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 $119k; list at $365k implies a 207% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $354,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 7.86%
• Cash-on-cash: 5.58%
• DSCR: 1.25
• GRM: 8.0

CMA / ARV

No comps found within radius.

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3513 Jackson St	0.00mi	4/2.5	—	0mo	$375,000	—	83
3401 Jackson St	0.10mi	4/3.0	—	3mo	$380,000	—	78
942 Bellwood Ave	0.10mi	4/3.0	—	3mo	$230,000	—	78
3519 Jackson St	0.01mi	4/2.0	—	10mo	$342,999	—	72
3313 Jackson St	0.13mi	4/2.0	—	12mo	$350,000	—	65
1121 Bohland Ave	0.19mi	5/3.0 (+1)	—	12mo	$369,000	—	61

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: -7.6%
• Equity multiple: 0.72×
• Total profit: $-28,796
• Equity at exit: $54,423

10-year hold

• IRR: 1.9%
• Equity multiple: 1.14×
• Total profit: $14,164
• Equity at exit: $31,559

Cash invested: $102,200 (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: 16.0×

Monthly cashflow live

• Estimated rent: $3,795 high
• Mortgage (P&I): −$1,914
• Tax est. 1.5%: −$456 /mo · $5,475/yr
• Insurance: −$152
• HOA: −$0
• Vacancy / Maint / Mgmt: −$797
• Net cashflow: $476

Break-even live

Break-even rent $3,193

Max offer price $365,000

Occupancy floor 82%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1.5	$3,794
Total (2 units)			$3,795

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: $91,250
• Closing costs: $10,950
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
624 Norfolk Ave Unit 1237891P Westchester, IL	3.0	2.0	1646	$12,991	$7.89	21d	1	0.40mi
723 Manchester Ave Westchester, IL	3.0	2.0	1151	$2,721	$2.36	24d	1	0.50mi
422 Granville Ave Hillside, IL	3.0	1.0	1194	$2,571	$2.15	7d	1	0.63mi
1215 Balmoral Ave Unit 1 Westchester, IL	3.0	1.5	1500	$2,750	$1.83	24d	1	0.85mi
1215 Balmoral Ave Unit 2 Westchester, IL	3.0	1.5	1500	$2,950	$1.97	15d	1	0.85mi
1814 Warren St Maywood, IL	3.0	1.0	1200	$2,500	$2.08	10d	1	1.10mi
1814 Warren St Unit 2W Maywood, IL	3.0	1.0	1200	$2,500	$2.08	1d	1	1.10mi

Listing history 7 events

1. 2026-05-02
   status Pending
2. 2026-04-15
   status Active
3. 2026-01-28
   status Pending
4. 2026-01-03
   listed $365,000 Active
5. 2016-02-05
   soldstatus $118,801 Closed Sale 674-char remark

   Show marketing remark (674 chars)

   Great opportunity! Multi-family home with 4 bedrooms, 2.5 bathrooms and detached 2 car garage. Units 1 and 2 boasts of lovely upgrades including new carpet and vinyl flooring, new interior paint throughout, new furnace, repaired roof and more! Units 1 and 2 each have 2 bedrooms and 1 refreshed bathroom with combined living and dining rooms. Spacious kitchens have ample counter and cabinet space. All bedrooms have bright natural light, generously-sized closets and hardwood flooring. There is also a lower level unit loaded with potential and is ready for your updates! Exterior has large fenced in yard with patio perfect for your enjoyment. Waiting for the right buyer!

6. 2015-09-30
   status Contingent (Do Not Show) 674-char remark

   Show marketing remark (674 chars)

   Great opportunity! Multi-family home with 4 bedrooms, 2.5 bathrooms and detached 2 car garage. Units 1 and 2 boasts of lovely upgrades including new carpet and vinyl flooring, new interior paint throughout, new furnace, repaired roof and more! Units 1 and 2 each have 2 bedrooms and 1 refreshed bathroom with combined living and dining rooms. Spacious kitchens have ample counter and cabinet space. All bedrooms have bright natural light, generously-sized closets and hardwood flooring. There is also a lower level unit loaded with potential and is ready for your updates! Exterior has large fenced in yard with patio perfect for your enjoyment. Waiting for the right buyer!

7. 2015-09-16
   listed $114,900 New 674-char remark

   Show marketing remark (674 chars)

   Great opportunity! Multi-family home with 4 bedrooms, 2.5 bathrooms and detached 2 car garage. Units 1 and 2 boasts of lovely upgrades including new carpet and vinyl flooring, new interior paint throughout, new furnace, repaired roof and more! Units 1 and 2 each have 2 bedrooms and 1 refreshed bathroom with combined living and dining rooms. Spacious kitchens have ample counter and cabinet space. All bedrooms have bright natural light, generously-sized closets and hardwood flooring. There is also a lower level unit loaded with potential and is ready for your updates! Exterior has large fenced in yard with patio perfect for your enjoyment. Waiting for the right buyer!

ⓘ 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 100% 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: $45,540
• − Mortgage interest: −$20,446
• − Property taxes: −$5,475
• − Insurance: −$1,825
• − Repairs & maintenance: −$3,643
• − Management: −$3,643
• − Depreciation: −$10,618
• Taxable loss: −$110
• Est. tax savings @ 24.0%: +$26
• After-tax cash flow: $5,734/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

+217.7% since first listed

7 events — show timeline

• 2026-05-02 Pending — MRED as Distributed by MLS Grid
• 2026-04-15 Relisted — MRED as Distributed by MLS Grid
• 2026-01-28 Pending — MRED as Distributed by MLS Grid
• 2026-01-03 Listed $365,000 MRED as Distributed by MLS Grid
• 2016-02-05 Sold (MLS) $118,801 MRED as Distributed by MLS Grid
• 2015-09-30 Pending — MRED as Distributed by MLS Grid
• 2015-09-16 Listed $114,900 MRED as Distributed by MLS Grid