183 Chicago Ave · Marion, OH 43302

$134,700

3 bd · 1.0 ba · 1,396 sqft · SingleFamily public records · 48 Days on market

Built 1908 7,405 sqft lot $96/sqft · 22% below area Est $173k · 22% under

---

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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.4/10.0
• 1% rule +6.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

Key facts

• 7,405 sq ft lot
• Garage
• Built 1908

Property features AI

Exterior

• Parking: Detached garage with 1 parking space
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels; Built in 1908; No shared/common walls
• Construction: Stone foundation
• Exterior features: Patio

Interior

• Flooring: Laminate; Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Window air conditioning units
• Interior features: Insulated windows; Crawl space basement

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 $378 ($5k/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.
• Cap rate 9.7% vs local median 6.8% in Marion — 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 (#704 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D+, amenities F.
• Marion City (town): math 22% / reading 31% proficiency, ranked #600 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 208 active listings in the ZIP; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% 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 $931 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Marion County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 18y ago; this cycle's ask has dropped $25k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,659 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 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 1908 — 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 D-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: 1.14% ✓
• Cap rate: 9.66%
• Cash-on-cash: 12.03%
• DSCR: 1.54
• GRM: 7.3

CMA / ARV

• ARV (median comp): $172,913
• List price: $134,700
• Delta: -22.10%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
174 Barnhart St	0.04mi	3/1.5	1,296 (-7%)	1mo	$189,000	$146	83
194 Chicago Ave	0.03mi	3/1.5	1,287 (-8%)	1mo	$197,000	$153	82
151 Barnhart St	0.08mi	3/2.0	1,560 (+12%)	2mo	$223,000	$143	72
196 Forest Lawn Blvd	0.26mi	2/1.5 (-1)	1,326 (-5%)	4mo	$203,000	$153	69
437 Forest Lawn Blvd	0.61mi	2/1.5 (-1)	1,424 (+2%)	0mo	$160,000	$112	61
138 Carhart St	0.44mi	2/2.0 (-1)	1,488 (+7%)	4mo	$40,000	$27	57
210 Hane Ave	0.49mi	3/2.0	1,528 (+10%)	2mo	$177,000	$116	56
271 Uhler Ave	0.42mi	3/1.5	1,192 (-15%)	2mo	$219,900	$184	52
479 Uhler Ave	0.70mi	2/1.5 (-1)	1,320 (-5%)	1mo	$219,900	$167	51
482 E George St	0.70mi	3/1.0	1,539 (+10%)	1mo	$85,000	$55	49
310 Hane Ave	0.59mi	3/1.5	1,596 (+14%)	1mo	$189,900	$119	46
594 E George St	0.55mi	4/2.0 (+1)	1,543 (+10%)	3mo	$26,500	$17	45

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: $2,216
• Equity at exit: $20,084

10-year hold

• IRR: 11.1%
• Equity multiple: 1.87×
• Total profit: $32,782
• Equity at exit: $11,646

Cash invested: $37,716 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43302

• Home prices YoY: -33.9%
• Active inventory: 208
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,529 medium
• Mortgage (P&I): −$706
• Tax from tax record: −$67 /mo · $806/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $378

Break-even live

Break-even rent $1,050

Max offer price $134,700

Occupancy floor 70%

Sensitivity live

Price	-10% $454	-5% $416	+0% $378	+5% $340	+10% $302
Rent	-10% $257	-5% $318	+0% $378	+5% $439	+10% $499
Rate	-1.0pp $446	-0.5pp $412	base $378	+0.5pp $343	+1.0pp $308

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: $33,675
• Closing costs: $4,041
• Reserves months: —
• Total cash needed: —

Listing history 48 events

1. 2026-06-21
   days on market $134,700 Active 48 DOM
2. 2026-06-19
   days on market $134,700 Active 46 DOM
3. 2026-06-18
   days on market $134,700 Active 45 DOM
4. 2026-06-17
   days on market $134,700 Active 44 DOM
5. 2026-06-16
   days on market $134,700 Active 43 DOM
6. 2026-06-16
   price $134,700 Active 42 DOM
7. 2026-06-15
   days on market $139,700 Active 42 DOM

   Show marketing remark (208 chars)

   Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

8. 2026-06-14
   days on market $139,700 Active 40 DOM
9. 2026-06-12
   days on market $139,700 Active 39 DOM
10. 2026-06-09
    days on market $139,700 Active 36 DOM
11. 2026-06-09
    price $139,700 Active 35 DOM
12. 2026-06-08
    days on market $140,000 Active 35 DOM

    Show marketing remark (208 chars)

    Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

13. 2026-06-07
    days on market $140,000 Active 34 DOM
14. 2026-06-05
    days on market $140,000 Active 31 DOM
15. 2026-06-03
    days on market $140,000 Active 30 DOM
16. 2026-06-02
    days on market $140,000 Active 29 DOM
17. 2026-06-01
    pricedays on market $140,000 Active 28 DOM

    Show marketing remark (208 chars)

    Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

18. 2026-05-31
    days on market $146,700 Active 27 DOM
19. 2026-05-30
    days on market $146,700 Active 26 DOM
20. 2026-05-15
    price $154,700 208-char remark

    Show marketing remark (208 chars)

    Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

21. 2026-05-15
    price $154,700 208-char remark

    Show marketing remark (208 chars)

    Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

22. 2026-05-15
    price $154,700

    Show marketing remark (208 chars)

    Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

23. 2026-05-04
    listed $159,700 Active 208-char remark

    Show marketing remark (208 chars)

    Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

24. 2026-05-04
    listed $159,700 Active 208-char remark

    Show marketing remark (208 chars)

    Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

25. 2026-05-04
    listed $159,700 Active

    Show marketing remark (208 chars)

    Make this affordable property your own! 3 bedrooms, spacious living room & kitchen, 1st floor laundry. New furnace and water heater. Fenced backyard. Garage and ample off street parking. Priced to sell!

26. 2022-04-21
    soldstatus $115,000
27. 2022-04-14
    soldstatus $115,000 Closed
28. 2022-03-14
    historical Contingent Finance and Inspection
29. 2022-03-12
    listed $109,900 Active
30. 2017-12-24
    historical
31. 2017-11-02
    soldstatus $47,900
32. 2017-11-01
    historical
33. 2017-10-31
    soldstatus $47,900 Closed
34. 2017-09-07
    historical
35. 2017-09-06
    listed $47,900
36. 2017-09-06
    listed $47,900
37. 2017-09-02
    historical
38. 2017-09-02
    listed $47,900
39. 2017-08-02
    historical
40. 2017-05-02
    listed $47,900
41. 2017-04-28
    listed $47,900
42. 2010-02-05
    historical
43. 2010-01-15
    listed $64,900
44. 2009-05-10
    historical
45. 2009-04-27
    listed $64,900
46. 2009-01-30
    historical
47. 2009-01-29
    soldstatus $24,900 Closed
48. 2008-11-12
    listed $33,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $806 · $67/mo
• Projected year-2 tax: $1,454 · $121/mo
• Expected delta: +$647/yr (+$54/mo · 80.3%)

ⓘ 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 ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,347
• − Mortgage interest: −$7,545
• − Property taxes: −$806
• − Insurance: −$674
• − Repairs & maintenance: −$1,468
• − Management: −$1,468
• − Depreciation: −$3,919
• Taxable income: $2,468
• Est. tax owed @ 24.0%: −$592
• After-tax cash flow: $3,945/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: Marion City
• NCES district ID: 3904433
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $32,327
• Composite: 21.58/100
• National rank: #8306
• State rank: #600 of 656 in OH

Livability — Marion

• Score: 65/100
• State rank: #704
• US rank: #12605

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, OH
• County: Marion County · 53,702 people
• City population: 53,702
• Metro: Marion, OH
• Population (ZIP): 53,702
• Household income: $55,057
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1554.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.52%
• Current HPI: 223.5344
• Rent YoY: —
• Metro: Marion, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+302.1% since first listed

41 events — show timeline

• 2026-06-15 Price Changed $134,700 MARMLS
• 2026-06-15 Price Changed $134,700 KCBOR
• 2026-06-15 Price Changed $134,700 CBRMLS
• 2026-06-08 Price Changed $139,700 KCBOR
• 2026-06-08 Price Changed $139,700 MARMLS
• 2026-06-08 Price Changed $139,700 CBRMLS
• 2026-06-01 Price Changed $140,000 KCBOR
• 2026-06-01 Price Changed $140,000 MARMLS
• 2026-06-01 Price Changed $140,000 CBRMLS
• 2026-05-26 Price Changed $146,700 KCBOR
• 2026-05-26 Price Changed $146,700 MARMLS
• 2026-05-26 Price Changed $146,700 CBRMLS
• 2026-05-15 Price Changed $154,700 KCBOR
• 2026-05-15 Price Changed $154,700 MARMLS
• 2026-05-15 Price Changed $154,700 CBRMLS
• 2026-05-04 Listed $159,700 CBRMLS
• 2026-05-04 Listed $159,700 KCBOR
• 2026-05-04 Listed $159,700 MARMLS
• 2022-04-21 Sold (Public Records) $115,000 Public Records
• 2022-04-14 Sold (MLS) $115,000 CBRMLS
• 2022-03-14 Contingent — CBRMLS
• 2022-03-12 Listed $109,900 CBRMLS
• 2017-12-24 Listing Removed — CBRMLS
• 2017-11-02 Sold (Public Records) $47,900 Public Records
• 2017-11-01 Listing Removed — CBRMLS
• 2017-10-31 Sold (MLS) $47,900 CBRMLS
• 2017-09-07 Listing Removed — CBRMLS
• 2017-09-06 Listed $47,900 CBRMLS
• 2017-09-06 Listed $47,900 CBRMLS
• 2017-09-02 Listed $47,900 CBRMLS
• 2017-09-02 Listing Removed — CBRMLS
• 2017-08-02 Listing Removed — CBRMLS
• 2017-05-02 Listed $47,900 CBRMLS
• 2017-04-28 Listed $47,900 CBRMLS
• 2010-02-05 Listing Removed — CBRMLS
• 2010-01-15 Listed $64,900 CBRMLS
• 2009-05-10 Listing Removed — CBRMLS
• 2009-04-27 Listed $64,900 CBRMLS
• 2009-01-30 Listing Removed — CBRMLS
• 2009-01-29 Sold (MLS) $24,900 CBRMLS
• 2008-11-12 Listed $33,500 CBRMLS

Property tax history

-0.5%/yr

Latest (2025): $806 · +0.0% YoY. Source: county tax records.