4744 S Lorel St · Forest View, IL 60638

$230,000

3 bd · 1.5 ba · 1,126 sqft · SingleFamily public records · 11 Days on market

Built 1978 3,781 sqft lot Est $312k · 26% 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 +16.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.0/10.0
• 1% rule +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Best deal as a starter or investment! NEW CONSTRUCTIONS AROUND! Priced for a quick sale. HOUSE IN DESIRABLE STICKNEY LOCATION/ACROSS FROM PARK & MINUTES FROM 55' HWY. BRICK 2 BEDROOMS & 1.5 BATHS PROPERTY FEATURES: SEPARATE DINING ROOM, KITCHEN W/ ACCESS TO THE YARD, 1 ST FL. LAUNDRY, NEWER WINDOWS, NEW WATER HEATER and brand new FURNACE. Property needs your cosmetic touches and updating. SOLD AS IS . VERY NICE/PRIVATE/FENCED BACKYARD & 2 CAR GARAGE. PRICED TO SELL !

Key facts

• Functional kitchen
• Convenient access
• Good neighborhood

Tags

• COMFORTABLE LIVING ROOM
• FUNCTIONAL KITCHEN
• GOOD NEIGHBORHOOD
• CONVENIENT ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $125 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (2.9% below list).
• Recommended offer: $223k (2.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#109 in IL, #1,778 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: health & safety D+, schools F, amenities F.
• Reavis Twp Hsd 220 (suburban): math 18% / reading 21% proficiency, ranked #420 of 620 in IL (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.3%/yr); 11 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 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 $135k; list at $230k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $223,396 (2.9% below list)

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.33%
• DSCR: 1.10
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $311,902
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4744 S Lorel St	0.00mi	3/1.5	1,126 (0%)	1mo	$230,000	$204	100
4901 S Lorel Ave	0.18mi	3/1.0	1,120 (-0%)	1mo	$285,000	$254	88
4805 S Latrobe Ave	0.17mi	3/2.0	1,080 (-4%)	0mo	$310,000	$287	83
4737 S Leamington Ave	0.28mi	3/1.0	1,092 (-3%)	1mo	$241,500	$221	79
4857 S Lorel Ave	0.16mi	3/1.0	1,050 (-7%)	2mo	$255,000	$243	78
5123 S Lotus Ave	0.48mi	3/2.0	1,040 (-8%)	2mo	$340,000	$327	61
4727 S Lavergne Ave	0.47mi	4/2.0 (+1)	1,067 (-5%)	2mo	$300,000	$281	61
5024 S Lockwood Ave	0.37mi	4/1.5 (+1)	1,012 (-10%)	2mo	$243,000	$240	59
4412 S Leamington Ave	0.50mi	3/1.5	988 (-12%)	1mo	$320,000	$324	56
4452 S Lawler Ave	0.52mi	3/2.0	1,008 (-10%)	3mo	$265,000	$263	54
5006 S La Crosse Ave	0.71mi	4/2.0 (+1)	1,075 (-4%)	3mo	$345,000	$321	50
5216 S Major Ave	0.73mi	3/2.0	1,280 (+14%)	3mo	$355,000	$277	38

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 · 1.32% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.49×
• Total profit: $-32,969
• Equity at exit: $34,294

10-year hold

• IRR: -8.9%
• Equity multiple: 0.49×
• Total profit: $-32,943
• Equity at exit: $19,886

Cash invested: $64,400 (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 60638

• Rents YoY: 1.3%
• Active inventory: 11
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,234 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$338 /mo · $4,056/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $125

Break-even live

Break-even rent $2,076

Max offer price $230,000

Occupancy floor 89%

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4824 S Lotus Ave Unit G Chicago, IL	2.0	1.0	750	$1,400	$1.87	4d	1	0.15mi

Listing history 28 events

1. 2026-03-20
   status Pending
2. 2026-03-09
   listed $230,000 Active
3. 2020-10-06
   soldstatus $135,000
4. 2020-08-18
   soldstatus $135,000 Closed Sale 491-char remark

   Show marketing remark (491 chars)

   Best deal as a starter or investment! NEW CONSTRUCTIONS AROUND! Priced for a quick sale. HOUSE IN DESIRABLE STICKNEY LOCATION/ACROSS FROM PARK & MINUTES FROM 55' HWY. BRICK 2 BEDROOMS & 1.5 BATHS PROPERTY FEATURES: SEPARATE DINING ROOM, KITCHEN W/ ACCESS TO THE YARD, 1 ST FL. LAUNDRY, NEWER WINDOWS, NEW WATER HEATER and brand new FURNACE. Property needs your cosmetic touches and updating. SOLD AS IS . VERY NICE/PRIVATE/FENCED BACKYARD & 2 CAR GARAGE. PRICED TO SELL !

5. 2020-07-10
   listed $142,000 491-char remark

   Show marketing remark (491 chars)

   Best deal as a starter or investment! NEW CONSTRUCTIONS AROUND! Priced for a quick sale. HOUSE IN DESIRABLE STICKNEY LOCATION/ACROSS FROM PARK & MINUTES FROM 55' HWY. BRICK 2 BEDROOMS & 1.5 BATHS PROPERTY FEATURES: SEPARATE DINING ROOM, KITCHEN W/ ACCESS TO THE YARD, 1 ST FL. LAUNDRY, NEWER WINDOWS, NEW WATER HEATER and brand new FURNACE. Property needs your cosmetic touches and updating. SOLD AS IS . VERY NICE/PRIVATE/FENCED BACKYARD & 2 CAR GARAGE. PRICED TO SELL !

6. 2020-07-10
   historical 491-char remark

   Show marketing remark (491 chars)

   Best deal as a starter or investment! NEW CONSTRUCTIONS AROUND! Priced for a quick sale. HOUSE IN DESIRABLE STICKNEY LOCATION/ACROSS FROM PARK & MINUTES FROM 55' HWY. BRICK 2 BEDROOMS & 1.5 BATHS PROPERTY FEATURES: SEPARATE DINING ROOM, KITCHEN W/ ACCESS TO THE YARD, 1 ST FL. LAUNDRY, NEWER WINDOWS, NEW WATER HEATER and brand new FURNACE. Property needs your cosmetic touches and updating. SOLD AS IS . VERY NICE/PRIVATE/FENCED BACKYARD & 2 CAR GARAGE. PRICED TO SELL !

7. 2020-05-27
   status Contingent
8. 2020-05-25
   historical
9. 2020-01-03
   listed New
10. 2019-12-26
    historical
11. 2019-10-29
    price
12. 2019-06-26
    listed New
13. 2019-06-26
    historical
14. 2019-03-21
    listed New
15. 2019-03-17
    historical
16. 2019-03-10
    historical Contingent
17. 2018-12-12
    listed New
18. 2018-12-12
    historical
19. 2018-08-25
    price
20. 2018-08-08
    price
21. 2018-08-01
    price
22. 2018-07-12
    listed New
23. 2018-07-12
    historical
24. 2018-07-10
    price
25. 2018-07-01
    listed New
26. 2008-07-19
    historical
27. 2007-07-18
    listed
28. 2002-06-27
    soldstatus $123,000

ⓘ 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: $4,056 · $338/mo
• Projected year-2 tax: $4,639 · $387/mo
• Expected delta: +$582/yr (+$49/mo · 14.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,808
• − Mortgage interest: −$12,884
• − Property taxes: −$4,056
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,145
• − Management: −$2,145
• − Depreciation: −$6,691
• Taxable loss: −$2,262
• Est. tax savings @ 24.0%: +$543
• After-tax cash flow: $2,041/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: Reavis Twp Hsd 220
• NCES district ID: 1733270
• Math proficiency: 18% ▼ -3.00%
• Reading proficiency: 21% ▼ -4.00%
• Median HH income: $54,732
• Composite: 17.94/100
• National rank: #8994
• State rank: #420 of 620 in IL

Livability — Forest View

• Score: 80/100
• State rank: #109
• US rank: #1778

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cook County · 4,486,803 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 57,074
• Household income: $91,070
• Rent vs Own: 20.2% rent · 79.8% own
• Severe rent burden: 912.0

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: Majority Hispanic (60%)
• Race & ethnicity: Hispanic / Latino 60% White 36% Two or more races 21% Black 2% Native American 2%
• Hispanic origin (detail): Mexican 54% Puerto Rican 3%
• Common ancestry: Romanian 16% Scotch-Irish 1% Lithuanian 1%
• Foreign-born: 24% · Canada, China
• Languages at home: 44% English-only · Spanish 45% Russian/Polish/Slavic 9% 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: ▼ -276.94%
• Current HPI: 233.5662
• Rent YoY: ▲ 1.32%
• 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

+87.0% since first listed

28 events — show timeline

• 2026-03-20 Pending — MRED as Distributed by MLS Grid
• 2026-03-09 Listed $230,000 MRED as Distributed by MLS Grid
• 2020-10-06 Sold (Public Records) $135,000 Public Records
• 2020-08-18 Sold (MLS) $135,000 MRED as Distributed by MLS Grid
• 2020-07-10 Listing Removed — MRED as Distributed by MLS Grid
• 2020-07-10 Listed $142,000 MRED as Distributed by MLS Grid
• 2020-05-27 Pending — MRED as Distributed by MLS Grid
• 2020-05-25 Listing Removed — MRED as Distributed by MLS Grid
• 2020-01-03 Listed — MRED as Distributed by MLS Grid
• 2019-12-26 Listing Removed — MRED as Distributed by MLS Grid
• 2019-10-29 Price Changed — MRED as Distributed by MLS Grid
• 2019-06-26 Listing Removed — MRED as Distributed by MLS Grid
• 2019-06-26 Listed — MRED as Distributed by MLS Grid
• 2019-03-21 Listed — MRED as Distributed by MLS Grid
• 2019-03-17 Listing Removed — MRED as Distributed by MLS Grid
• 2019-03-10 Contingent — MRED as Distributed by MLS Grid
• 2018-12-12 Listing Removed — MRED as Distributed by MLS Grid
• 2018-12-12 Listed — MRED as Distributed by MLS Grid
• 2018-08-25 Price Changed — MRED as Distributed by MLS Grid
• 2018-08-08 Price Changed — MRED as Distributed by MLS Grid
• 2018-08-01 Price Changed — MRED as Distributed by MLS Grid
• 2018-07-12 Listing Removed — MRED as Distributed by MLS Grid
• 2018-07-12 Listed — MRED as Distributed by MLS Grid
• 2018-07-10 Price Changed — MRED as Distributed by MLS Grid
• 2018-07-01 Listed — MRED as Distributed by MLS Grid
• 2008-07-19 Listing Removed — MRED as Distributed by MLS Grid
• 2007-07-18 Listed — MRED as Distributed by MLS Grid
• 2002-06-27 Sold (Public Records) $123,000 Public Records

Property tax history

-1.5%/yr

Latest (2023): $4,056 · +10.3% YoY. Source: county tax records.