2414 Circle Dr · Hazel Crest, IL 60429

$154,000

3 bd · 1.5 ba · 871 sqft · SingleFamily · 49 Days on market

Built 1955 Good condition 6,708 sqft lot Est $137k · 13% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• ARV discount +1.8/15.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all Investors!!! Owner says SELL!!! With a few updates this 3 bedroom 1 bath with new roof an new kitchen cabinets and countertops can be your dream home. Come on by and take a look. This one has GREAT potential.

Key facts

• 6,708 sq ft lot
• 2 parking spots
• Built 1955

Property features AI

Finance

• Other: Property not currently leased; Possession at closing
• HOA & community: No master association fee required

Exterior

• Parking: Two parking spaces; Other parking features
• Utilities: Water from Lake Michigan and public supply; Public sewer
• Home design: Detached single-family home; One-story layout; Fee simple ownership; Rehab completed in 2022; Built before 1978
• Construction: Frame construction; Asphalt roof; Approximately 71–80 years old
• Exterior features: Corner lot; Lot dimensions approximately 56.4 x 98.1 x 69.5 x 84.6; Lot size less than 0.25 acre

Interior

• Kitchen: Kitchen on main level (13 x 11)
• Bedrooms: Master bedroom on main level (15 x 13); Bedroom on main level (11 x 10); Bedroom on main level (9 x 9)
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Natural gas forced-air heating
• Interior features: Six total rooms; Living room; Family room; Dining area (combo)
• Laundry & utility: Main-level laundry (3 x 3)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $154k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $888 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $154k).
• Recommended offer: $149k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 8.9% in Hazel Crest — 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 75/100 on livability (#229 in IL, #4,242 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Bremen Chsd 228 (suburban): math 15% / reading 17% proficiency, ranked #468 of 620 in IL (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Hillcrest High School (math 4% / reading 4%, grade F, #657 of 693 statewide, top 95%, 1,314 students, 0% FRL).
• Zoned-school proficiency averages 4% at this address vs 16% district-wide (-12 pts) — the specific schools serving this property underperform the Bremen Chsd 228 average; the district grade overstates school quality for this exact location.
• Market conditions: 80 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $82k; list at $154k implies a 87% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,380 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 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 1955 — 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 F 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: 1.60% ✓
• Cap rate: 13.21%
• Cash-on-cash: 24.71%
• DSCR: 2.10
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $136,747
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2222 170th St	0.32mi	2/1.0 (-1)	864 (-1%)	9mo	$182,000	$211	69
16784 Trapet Ave	0.37mi	3/1.0	970 (+11%)	1mo	$96,000	$99	61
16777 Head Ave	0.33mi	2/1.0 (-1)	830 (-5%)	12mo	$150,000	$181	60
17073 Shea Ave	0.61mi	4/2.0 (+1)	899 (+3%)	5mo	$107,500	$120	55
16942 Winchester Ave	0.64mi	2/1.0 (-1)	874 (+0%)	10mo	$75,000	$86	54
16768 Bulger Ave	0.43mi	2/1.0 (-1)	954 (+10%)	4mo	$125,000	$131	54
16501 Oxford Dr S	0.51mi	3/1.0	975 (+12%)	3mo	$105,000	$108	52
16873 Bulger Ave	0.46mi	4/2.0 (+1)	936 (+8%)	8mo	$205,000	$219	52
16735 Dixie Hwy	0.59mi	2/1.0 (-1)	965 (+11%)	1mo	$153,000	$159	47
16552 Oxford Dr	0.44mi	3/2.0	1,000 (+15%)	8mo	$216,000	$216	47
16358 Plymouth Dr	0.67mi	3/1.0	993 (+14%)	2mo	$138,999	$140	42
2710 Woodworth Pl	0.64mi	3/1.0	987 (+13%)	11mo	$155,000	$157	37

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: 18.1%
• Equity multiple: 1.73×
• Total profit: $31,641
• Equity at exit: $22,962

10-year hold

• IRR: 26.5%
• Equity multiple: 3.33×
• Total profit: $100,532
• Equity at exit: $13,315

Cash invested: $43,120 (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 60429

• Home prices YoY: -14.0%
• Active inventory: 80
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,471 medium
• Mortgage (P&I): −$808
• Tax est. 1.5%: −$192 /mo · $2,310/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$519
• Net cashflow: $888

Break-even live

Break-even rent $1,347

Max offer price $154,000

Occupancy floor 59%

Sensitivity live

Price	-10% $994	-5% $941	+0% $888	+5% $835	+10% $782
Rent	-10% $693	-5% $790	+0% $888	+5% $986	+10% $1,083
Rate	-1.0pp $966	-0.5pp $927	base $888	+0.5pp $848	+1.0pp $808

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: $38,500
• Closing costs: $4,620
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16752 Artesian Ave Hazel Crest, IL	3.0	1.0	867	$2,500	$2.88	1d	1	0.08mi
2308 170th St Hazel Crest, IL	3.0	2.0	1020	$2,400	$2.35	1d	1	0.25mi
16125 Marshfield Ave Markham, IL	3.0	1.0	1043	$2,400	$2.30	1d	1	1.32mi

Listing history 17 events

1. 2026-06-18
   days on market $154,000 Active 49 DOM
2. 2026-06-17
   days on market $154,000 Active 48 DOM
3. 2026-06-16
   days on market $154,000 Active 47 DOM
4. 2026-06-15
   days on market $154,000 Active 46 DOM
5. 2026-06-13
   days on market $154,000 Active 44 DOM
6. 2026-06-09
   days on market $154,000 Active 40 DOM
7. 2026-06-08
   days on market $154,000 Active 39 DOM
8. 2026-06-07
   pricedays on market $154,000 Active 38 DOM
9. 2026-06-04
   days on market $169,000 Active 35 DOM
10. 2026-06-03
    days on market $169,000 Active 34 DOM
11. 2026-06-02
    days on market $169,000 Active 33 DOM
12. 2026-06-01
    days on market $169,000 Active 32 DOM
13. 2026-05-31
    days on market $169,000 Active 31 DOM
14. 2026-04-30
    listed $169,000 Active
15. 2022-04-22
    soldstatus $82,500 Closed 222-char remark

    Show marketing remark (222 chars)

    Calling all Investors!!! Owner says SELL!!! With a few updates this 3 bedroom 1 bath with new roof an new kitchen cabinets and countertops can be your dream home. Come on by and take a look. This one has GREAT potential.

16. 2022-03-27
    status Pending 222-char remark

    Show marketing remark (222 chars)

    Calling all Investors!!! Owner says SELL!!! With a few updates this 3 bedroom 1 bath with new roof an new kitchen cabinets and countertops can be your dream home. Come on by and take a look. This one has GREAT potential.

17. 2022-03-23
    listed $89,900 Active 222-char remark

    Show marketing remark (222 chars)

    Calling all Investors!!! Owner says SELL!!! With a few updates this 3 bedroom 1 bath with new roof an new kitchen cabinets and countertops can be your dream home. Come on by and take a look. This one has GREAT potential.

ⓘ 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 (unshaded) · 0% 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
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,655
• − Mortgage interest: −$8,626
• − Property taxes: −$2,310
• − Insurance: −$770
• − Repairs & maintenance: −$2,372
• − Management: −$2,372
• − Depreciation: −$4,480
• Taxable income: $8,724
• Est. tax owed @ 24.0%: −$2,094
• After-tax cash flow: $8,563/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This move-in ready 3-bedroom, 1.5-bath ranch home offers a blend of modern updates and efficient single-level living. The updated kitchen and bathrooms, along with the new roof and hardwood floors, make it a great investment opportunity.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics
• Both Landscaping and curb appeal improvements — Improves curb appeal and enhances property value
• Both New flooring in bathrooms — Enhances functionality and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping and curb appeal improvements — Improves curb appeal and enhances property value ↑
• Both New flooring in bathrooms — Enhances functionality and aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Bremen Chsd 228
• NCES district ID: 1707050
• Math proficiency: 15% ▼ -4.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $57,625
• Composite: 15.32/100
• National rank: #9327
• State rank: #468 of 620 in IL

Livability — Hazel Crest

• Score: 75/100
• State rank: #229
• US rank: #4242

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hazel Crest, IL
• City population: 14,602
• Population (ZIP): 14,602

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 (83%)
• Race & ethnicity: Black 83% White 7% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 1% Iranian 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▼ -46.04%
• Current HPI: 282.3552
• 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

+88.0% since first listed

4 events — show timeline

• 2026-04-30 Listed $169,000 MRED as Distributed by MLS Grid
• 2022-04-22 Sold (MLS) $82,500 MRED as Distributed by MLS Grid
• 2022-03-27 Pending — MRED as Distributed by MLS Grid
• 2022-03-23 Listed $89,900 MRED as Distributed by MLS Grid