310 155th Pl · Calumet City, IL 60409

$159,000

3 bd · 1.5 ba · 1,036 sqft · SingleFamily public records · 7 Days on market

Built 1966 Est $145k · 10% over ↓ 7% since listing

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Why this score? — see what drove the D+ 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 +20.6/30.0
• DSCR +6.6/10.0
• 1% rule +5.7/10.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• ARV discount +3.2/15.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRICK TRI-LEVEL HOME WITH 3 BEDROOMS, 1 1/2 BATHS & 2 CAR GARAGE. SELLER DOES NOT PROVIDE SURVEY OR TERMITE. BUYER RESPONSIBLE FOR ANY VILLAGE INSPECTION, COMPLIANCE OR ESCROW IF NEEDED. PROOF OF FUNDS NEEDED FOR CASH OFFERS. PLEASE ALLOW 2-3 BUSINESS DAYS FOR SELLER TO RESPOND. EARNEST MONEY MUST BE CERTIFIED FUNDS.

Key facts

• Black appliances
• Fenced backyard
• White cabinetry

Tags

• FENCED BACKYARD
• DETACHED GARAGE
• BRIGHT LIVING AND DINING AREA
• WHITE CABINETRY
• BLACK APPLIANCES
• DARK WOOD-STYLE FLOORING

Property features AI

Finance

• Other: Property located in Calumet City, Thornton Township; Directions: Sibley north to Wentworth, Wentworth to 155th Place and turn right; Some photos are virtually staged
• HOA & community: No master association fee required

Exterior

• Parking: Detached owned garage (2 garage spaces, 2 parking spaces total)
• Utilities: Water from Lake Michigan; Public sewer
• Home design: Detached single-family home; Split-level design; Fee simple ownership
• Construction: Brick construction; Built before 1978 (51–60 years old)
• Exterior features: Less than 0.25 acre lot; Lot dimensions: 2067

Interior

• Kitchen: Kitchen on the main level (12 x 13)
• Bedrooms: 3 bedrooms total; Master bedroom on the second level (13 x 10); Second bedroom on the second level (11 x 11); Third bedroom on the second level (10 x 10)
• Bathrooms: 1 full bathroom; 1 half bathroom; Basement has a bathroom
• Heating & cooling: Natural gas forced air heating
• Interior features: Partially finished basement; 7 total rooms
• Laundry & utility: Laundry room on the lower level (10 x 8)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).

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; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 37% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 13 sale attempts since 15y ago; this cycle's ask has dropped $18k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $38k; list at $159k implies a 318% gain — meaningful room to come down on a strong offer.

Recommended offer $159,000

Questions for the listing agent

1. Built in 1966 — 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. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.07% ✓
• Cap rate: 7.90%
• Cash-on-cash: 5.74%
• DSCR: 1.26
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $145,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
302 153rd St	0.30mi	3/1.0	1,016 (-2%)	2mo	$175,000	$172	79
243 Waltham St	0.51mi	3/1.0	1,032 (-0%)	3mo	$200,000	$194	71
503 Webb St	0.36mi	2/1.0 (-1)	1,093 (+6%)	1mo	$20,000	$18	66
419 157th St	0.26mi	4/2.0 (+1)	957 (-8%)	3mo	$80,000	$84	66
527 155th Pl	0.29mi	2/1.0 (-1)	947 (-9%)	3mo	$82,900	$88	63
211 Waltham St	0.52mi	3/2.0	1,101 (+6%)	1mo	$150,000	$136	62
303 W 153rd Pl	0.21mi	3/1.0	1,188 (+15%)	1mo	$65,000	$55	62
608 Forsythe Ave	0.44mi	2/1.0 (-1)	984 (-5%)	3mo	$137,500	$140	62
518 156th Pl	0.30mi	3/2.0	1,165 (+12%)	3mo	$167,000	$143	61
866 Greenbay Ave	0.50mi	3/2.0	1,163 (+12%)	3mo	$200,000	$172	52
422 Garfield Ave	0.67mi	2/2.0 (-1)	920 (-11%)	1mo	$49,000	$53	42
7 Highland St	0.72mi	3/2.0	1,163 (+12%)	3mo	$172,500	$148	41

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: -3.8%
• Equity multiple: 0.85×
• Total profit: $-6,565
• Equity at exit: $23,707

10-year hold

• IRR: 9.3%
• Equity multiple: 1.82×
• Total profit: $36,435
• Equity at exit: $13,747

Cash invested: $44,520 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,700 high
• Mortgage (P&I): −$834
• Tax from tax record: −$230 /mo · $2,765/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $213

Break-even live

Break-even rent $1,431

Max offer price $159,000

Occupancy floor 82%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 157th St Unit 3 Calumet City, IL	3.0	1.0	800	$1,350	$1.69	24d	1	0.32mi
323 Memorial Dr Unit 2 Calumet City, IL	2.0	1.0	1000	$1,600	$1.60	24d	1	0.41mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	24d	1	0.58mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	12d	1	0.58mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	1d	1	0.62mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	24d	1	0.62mi
634 Sibley Blvd Calumet City, IL	1.0–2.0	1.0	710	$1,450	$2.04	4d	2	0.69mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	7d	1	1.13mi
1338 Wentworth Ave Unit 1338 Calumet City, IL	2.0	1.0	800	$1,430	$1.79	24d	1	1.20mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	24d	1	1.22mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	16d	1	1.22mi
671 Saginaw Ave Calumet City, IL	3.0	2.0	1250	$2,276	$1.82	10d	1	1.29mi
4624 Towle Ave Hammond, IN	4.0	2.0	1500	$2,500	$1.67	2d	1	1.42mi
4624 Towle Ave Hammond, IN	4.0	2.0	1500	$2,500	$1.67	1d	1	1.42mi
2790 E State St Apt 2E Burnham, IL	3.0	2.0	1100	$1,695	$1.54	24d	1	1.46mi

Listing history 50 events

1. 2026-06-18
   days on market $159,000 Active 7 DOM
2. 2026-06-17
   days on market $159,000 Active 6 DOM
3. 2026-06-16
   days on market $159,000 Active 5 DOM
4. 2026-06-15
   days on market $159,000 Active 4 DOM
5. 2026-06-13
   days on marketlisting id $159,000 Active 2 DOM
6. 2026-06-09
   days on market $159,000 Active 215 DOM
7. 2026-06-08
   days on market $159,000 Active 214 DOM
8. 2026-06-07
   days on market $159,000 Active 213 DOM
9. 2026-06-04
   days on market $159,000 Active 210 DOM
10. 2026-06-03
    days on market $159,000 Active 209 DOM
11. 2026-06-02
    days on market $159,000 Active 208 DOM
12. 2026-06-01
    days on market $159,000 Active 207 DOM
13. 2026-05-31
    days on market $159,000 Active 206 DOM
14. 2026-04-24
    price $161,000
15. 2026-03-27
    price $163,000
16. 2026-02-27
    price $166,000
17. 2026-01-20
    price $168,000
18. 2026-01-20
    price $163,000
19. 2025-12-19
    price $168,000
20. 2025-11-21
    price $173,000
21. 2025-11-06
    listed $177,000 Active
22. 2025-11-06
    historical
23. 2025-10-03
    price
24. 2025-09-19
    price
25. 2025-09-12
    price
26. 2025-08-28
    listed Active
27. 2024-07-12
    historical $1,645
28. 2024-07-11
    historical $1,645
29. 2024-06-15
    listed $1,645
30. 2024-06-11
    historical $1,645
31. 2024-05-30
    price $1,645
32. 2024-05-30
    listed $1,645
33. 2024-05-30
    listed $1,705
34. 2024-05-10
    historical $1,705
35. 2024-05-09
    historical $1,705
36. 2024-05-04
    listed $1,705
37. 2024-05-04
    listed $1,705
38. 2023-11-11
    historical $1,675
39. 2023-11-09
    historical $1,675
40. 2023-11-08
    price $1,675
41. 2023-11-08
    price $1,675
42. 2023-11-04
    price $1,685
43. 2023-11-03
    price $1,685
44. 2023-11-03
    listed $1,695
45. 2023-11-02
    listed $1,695
46. 2023-07-21
    historical $1,705
47. 2023-07-19
    historical $1,705
48. 2023-07-17
    price $1,705
49. 2023-07-14
    price $1,705
50. 2013-06-03
    soldstatus $38,000

ⓘ 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: $2,765 · $230/mo
• Projected year-2 tax: $3,187 · $266/mo
• Expected delta: +$422/yr (+$35/mo · 15.3%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,405
• − Mortgage interest: −$8,906
• − Property taxes: −$2,765
• − Insurance: −$795
• − Repairs & maintenance: −$1,632
• − Management: −$1,632
• − Depreciation: −$4,625
• Taxable income: $49
• Est. tax owed @ 24.0%: −$12
• After-tax cash flow: $2,543/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

-7.5% since first listed

54 events — show timeline

• 2026-04-24 Price Changed $161,000 MRED as Distributed by MLS Grid
• 2026-03-27 Price Changed $163,000 MRED as Distributed by MLS Grid
• 2026-02-27 Price Changed $166,000 MRED as Distributed by MLS Grid
• 2026-01-20 Price Changed $168,000 MRED as Distributed by MLS Grid
• 2026-01-20 Price Changed $163,000 MRED as Distributed by MLS Grid
• 2025-12-19 Price Changed $168,000 MRED as Distributed by MLS Grid
• 2025-11-21 Price Changed $173,000 MRED as Distributed by MLS Grid
• 2025-11-06 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-06 Listed $177,000 MRED as Distributed by MLS Grid
• 2025-10-03 Price Changed — MRED as Distributed by MLS Grid
• 2025-09-19 Price Changed — MRED as Distributed by MLS Grid
• 2025-09-12 Price Changed — MRED as Distributed by MLS Grid
• 2025-08-28 Listed — MRED as Distributed by MLS Grid
• 2024-07-12 Rental Removed $1,645 RENTLY
• 2024-07-11 Rental Removed $1,645 RENT.
• 2024-06-15 Listed for Rent $1,645 RENT.
• 2024-06-11 Rental Removed $1,645 RENT.
• 2024-05-30 Price Changed $1,645 RENTLY
• 2024-05-30 Listed for Rent $1,645 RENT.
• 2024-05-30 Listed for Rent $1,705 RENTLY
• 2024-05-10 Rental Removed $1,705 RENTLY
• 2024-05-09 Rental Removed $1,705 RENT.
• 2024-05-04 Listed for Rent $1,705 RENT.
• 2024-05-04 Listed for Rent $1,705 RENTLY
• 2023-11-11 Rental Removed $1,675 RENTLY
• 2023-11-09 Rental Removed $1,675 RENT.
• 2023-11-08 Price Changed $1,675 RENTLY
• 2023-11-08 Price Changed $1,675 RENT.
• 2023-11-04 Price Changed $1,685 RENTLY
• 2023-11-03 Price Changed $1,685 RENT.
• 2023-11-03 Listed for Rent $1,695 RENTLY
• 2023-11-02 Listed for Rent $1,695 RENT.
• 2023-07-21 Rental Removed $1,705 RENTLY
• 2023-07-19 Rental Removed $1,705 RENT.
• 2023-07-17 Price Changed $1,705 RENTLY
• 2023-07-14 Price Changed $1,705 RENT.
• 2013-06-03 Sold (Public Records) $38,000 Public Records
• 2013-05-21 Sold (MLS) $38,000 MRED as Distributed by MLS Grid
• 2013-04-24 Pending — MRED as Distributed by MLS Grid
• 2013-03-20 Listed $42,000 MRED as Distributed by MLS Grid
• 2012-09-18 Listing Removed — MRED as Distributed by MLS Grid
• 2012-07-01 Relisted — MRED as Distributed by MLS Grid
• 2012-06-30 Listing Removed — MRED as Distributed by MLS Grid
• 2012-06-19 Listed — MRED as Distributed by MLS Grid
• 2012-03-14 Listing Removed — MRED as Distributed by MLS Grid
• 2011-11-18 Price Changed — MRED as Distributed by MLS Grid
• 2011-05-12 Listed — MRED as Distributed by MLS Grid
• 2004-11-24 Sold (Public Records) $81,000 Public Records
• 1998-12-31 Sold (Public Records) $120,000 Public Records
• 1998-12-31 Sold (Public Records) $80,000 Public Records
• 1996-04-26 Sold (Public Records) $12,000 Public Records
• 1994-01-14 Sold (Public Records) $55,514 Public Records
• 1988-05-17 Sold (Public Records) $57,000 Public Records
• 1979-06-14 Sold (Public Records) $174,000 Public Records

Property tax history

+1.3%/yr

Latest (2023): $2,765 · -12.1% YoY. Source: county tax records.