3312 S 58th Ct · Cicero, IL 60804

$179,900

3 bd · 1.5 ba · 1,176 sqft · SingleFamily public records · 21 Days on market

Built 1948 4,148 sqft lot Est $298k · 40% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.4/30.0
• 1% rule +5.7/10.0
• DSCR +4.1/10.0
• Livability +4.1/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks

This charming Georgian-style residence is filled with character, potential, and opportunity. With 3 bedrooms, 1.5 baths, a spacious living room, and a separate dining room, this home offers a classic layout that has stood the test of time while providing the perfect canvas for your personal style and future improvements. Step inside and you'll find inviting living spaces ready for a fresh vision. Whether your design preferences lean toward modern updates, timeless finishes, or a blend of both, this home presents an exciting opportunity to add your own touches and create a space that reflects your lifestyle. The full unfinished basement offers valuable storage space today and additional livi

Key facts

• 4,148 sq ft lot
• Garage
• Built 1948

Tags

• FULL UNFINISHED BASEMENT
• OUTDOOR AREAS FOR LANDSCAPING
• CONVENIENT ACCESS TO AMENITIES
• ACCESS TO COMMERCIAL CORRIDORS

Property features AI

Finance

• HOA & community: No master association fees required

Exterior

• Parking: Detached owned garage (1 garage space; 1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Two-story
• Construction: Brick construction; Built approximately 71–80 years ago; Property built before 1978
• Exterior features: Lot roughly 33 x 125.7; Lot under a quarter acre

Interior

• Kitchen: Kitchen on the main level (14 x 11)
• Bedrooms: Three bedrooms total; Master bedroom on the second floor (15 x 12); Second bedroom on the second floor (12 x 10); Third bedroom on the second floor (9 x 9)
• Flooring: Hardwood floors in living room, dining room, and kitchen
• Bathrooms: One full bath; One half bath
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Six total rooms; Separate dining room; Unfinished full basement
• Laundry & utility: Laundry room in the basement (23 x 25)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $5 ($59/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (1.5% below list) — sets the bar for market timing.
• Cap rate 6.3% vs local median 4.5% in Cicero — 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 82/100 on livability (#77 in IL, #1,276 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F.
• J S Morton Hsd 201 (suburban): math 9% / reading 14% proficiency, ranked #557 of 620 in IL (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+2.4%/yr); 109 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 33% of the median local income ($71k/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.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $177,201 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 6.33%
• Cash-on-cash: 0.12%
• DSCR: 1.01
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $297,528
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3522 S 59th Ave	0.25mi	4/1.5 (+1)	1,152 (-2%)	2mo	$269,900	$234	79
3703 S 58th Ct	0.45mi	2/1.0 (-1)	1,136 (-3%)	2mo	$275,000	$242	65
3412 S 57th Ct	0.16mi	2/1.0 (-1)	1,004 (-15%)	2mo	$160,000	$159	59
5728 W Pershing Rd	0.68mi	3/1.0	1,150 (-2%)	4mo	$201,500	$175	59
3605 Harvey Ave	0.58mi	3/1.0	1,100 (-6%)	4mo	$319,000	$290	57
3408 S 55th Ct	0.39mi	3/1.0	1,008 (-14%)	1mo	$249,900	$248	55
3626 S 56th Ct	0.45mi	4/2.0 (+1)	1,056 (-10%)	2mo	$341,700	$324	53
3424 S 55th Ct	0.40mi	3/1.0	1,008 (-14%)	3mo	$300,000	$298	53
3136 Cuyler Ave	0.68mi	4/2.0 (+1)	1,118 (-5%)	3mo	$410,500	$367	51
3426 S 60th Ct	0.28mi	2/1.0 (-1)	999 (-15%)	5mo	$275,000	$275	51
3228 S 53rd Ct	0.64mi	3/1.5	1,040 (-12%)	3mo	$263,000	$253	48
3742 S Central Ave	0.62mi	3/1.5	1,346 (+14%)	4mo	$245,900	$183	44

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 · 2.43% rent growth · sell at horizon

5-year hold

• IRR: -16.8%
• Equity multiple: 0.41×
• Total profit: $-29,741
• Equity at exit: $26,824

10-year hold

• IRR: -9.7%
• Equity multiple: 0.42×
• Total profit: $-29,152
• Equity at exit: $15,554

Cash invested: $50,372 (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 60804

• Rents YoY: 2.4%
• Active inventory: 109
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,926 high
• Mortgage (P&I): −$943
• Tax from tax record: −$499 /mo · $5,982/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $5

Break-even live

Break-even rent $1,920

Max offer price $179,900

Occupancy floor 95%

Sensitivity live

Price	-10% $107	-5% $56	+0% $5	+5% $-46	+10% $-97
Rent	-10% $-147	-5% $-71	+0% $5	+5% $81	+10% $157
Rate	-1.0pp $95	-0.5pp $51	base $5	+0.5pp $-42	+1.0pp $-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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5309 30th Pl Unit 1 Cicero, IL	2.0	1.0	950	$2,000	$2.11	16d	1	0.77mi
3720 Ridgeland Ave #2 Berwyn, IL	3.0	1.0	1200	$2,250	$1.88	20d	1	0.85mi
3020 S Laramie Ave Unit 2F Cicero, IL	3.0	1.0	1000	$1,800	$1.80	4d	1	0.91mi
3707 Clarence Ave Unit Gdn Berwyn, IL	2.0	1.0	900	$1,950	$2.17	26d	1	1.09mi
2314 S Austin Blvd Cicero, IL	2.0	1.0	1100	$1,800	$1.64	0d	1	1.14mi
2729 Wesley Ave Berwyn, IL	3.0	2.0	1390	$1,000	$0.72	15d	1	1.20mi
3200 Oak Park Ave Berwyn, IL	2.0	2.0	1075	$2,200	$2.05	26d	1	1.20mi
3500 S Oak Park Ave Unit 2w Berwyn, IL	2.0	1.0	1000	$1,450	$1.45	23d	1	1.21mi
3522 S Oak Park Ave Apt 2F Berwyn, IL	2.0	1.0	800	$1,595	$1.99	26d	1	1.22mi
4916 W 29th St Unit 2 Cicero, IL	3.0	1.0	900	$1,750	$1.94	15d	1	1.27mi
5529 W 22nd Pl #2 Cicero, IL	3.0	1.0	1400	$1,900	$1.36	26d	1	1.29mi
5400 W 23rd St Unit 2 Cicero, IL	2.0	1.0	1000	$2,000	$2.00	26d	1	1.33mi
6948 35th St Berwyn, IL	3.0	1.0	1000	$2,800	$2.80	0d	1	1.43mi

Listing history 14 events

1. 2026-06-21
   days on market $179,900 Active 21 DOM
2. 2026-06-18
   days on market $179,900 Active 18 DOM
3. 2026-06-17
   days on market $179,900 Active 17 DOM
4. 2026-06-16
   days on market $179,900 Active 16 DOM
5. 2026-06-15
   days on market $179,900 Active 15 DOM
6. 2026-06-13
   days on market $179,900 Active 13 DOM
7. 2026-06-09
   days on market $179,900 Active 9 DOM
8. 2026-06-08
   days on market $179,900 Active 8 DOM
9. 2026-06-07
   days on market $179,900 Active 7 DOM
10. 2026-06-04
    days on market $179,900 Active 4 DOM
11. 2026-06-03
    days on market $179,900 Active 3 DOM
12. 2026-06-02
    days on market $179,900 Active 2 DOM
13. 2026-06-01
    remarks 699-char remark
14. 2026-06-01
    listed $179,900 Active 1 DOM

ⓘ 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: $5,982 · $499/mo
• Projected year-2 tax: $5,982 · $499/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $23,116
• − Mortgage interest: −$10,077
• − Property taxes: −$5,982
• − Insurance: −$900
• − Repairs & maintenance: −$1,849
• − Management: −$1,849
• − Depreciation: −$5,233
• Taxable loss: −$2,775
• Est. tax savings @ 24.0%: +$666
• After-tax cash flow: $725/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: J S Morton Hsd 201
• NCES district ID: 1726880
• Math proficiency: 9% ▲ 1.00%
• Reading proficiency: 14% ▼ -1.00%
• Median HH income: $48,698
• Composite: 10.73/100
• National rank: #9768
• State rank: #557 of 620 in IL

Livability — Cicero

• Score: 82/100
• State rank: #77
• US rank: #1276

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cicero, IL
• County: Cook County · 4,486,803 people
• City population: 82,797
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 82,797
• Household income: $70,842
• Rent vs Own: 45.4% rent · 54.6% own
• Severe rent burden: 2178.0

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 Hispanic (89%)
• Race & ethnicity: Hispanic / Latino 89% Two or more races 17% White 7% Black 3% Native American 2%
• Hispanic origin (detail): Mexican 80% Puerto Rican 3%
• Common ancestry: Romanian 2%
• Foreign-born: 40% · Canada, Jamaica
• Languages at home: 18% English-only · Spanish 80%

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: ▼ -165.38%
• Current HPI: 262.83
• Rent YoY: ▲ 2.43%
• 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

1 event — show timeline

• 2026-05-29 Listed $179,900 MRED as Distributed by MLS Grid

Property tax history

+3.2%/yr

Latest (2023): $5,982 · +1.5% YoY. Source: county tax records.