2730 E Chase St · Baltimore, MD 21213

$90,000

2 bd · 2.0 ba · 1,026 sqft · Townhouse · 105 Days on market

Built 1926 871 sqft lot $88/sqft · 15% below area Est $106k · 15% under

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Why this score? — see what drove the A- 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
• ARV discount +14.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

Investor or Owner-Occupant Opportunity Available in the neighborhood of Biddle Street! Welcome to 2730 E Chase St. A 2-bedroom, 2-bath interior brick rowhome currently tenant-occupied and in livable, move-in ready condition being sold As-Is. Property will convey vacant at settlement, offering flexibility for immediate occupancy or renovation updates. Features include original hardwood floors, open main-level layout, ceiling fans, and a partially finished basement with a full bathroom. A low-maintenance lot and convenient access to public transportation and close to major hospitals. This is a great house with solid bones, ready for your updates. First Time Homebuyers, this home is the perfect starter home for you! This home is eligible for grants that can be used to help reduce your closing costs and down payments. Estimated market rent of approximately $1,500/month. After cosmetic improvements, projected ARV up to $170,000 with the right renovations. Major systems are in good working order, providing a solid foundation for value-add potential. Ideal for investors seeking a light rehab for rental or resale, or buyers looking to move in now and update over time while building equity. Schedule a tour today, this great property won't last long!

Key facts

• Low-maintenance lot
• Full bathroom
• Built 1926

Tags

• INTERIOR BRICK ROWHOME
• ORIGINAL HARDWOOD FLOORS
• OPEN MAIN-LEVEL LAYOUT
• PARTIALLY FINISHED BASEMENT
• FULL BATHROOM
• LOW-MAINTENANCE LOT

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $90k.

Deal economics

• At list price, monthly cash flow is $681 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $82k (9.0% below list) — sets the bar for market timing.
• Cap rate 15.4% vs local median 6.0% in Baltimore — 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 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Fort Worthington Elementary/Middle (math 0% / reading 5%, grade F, #824 of 860 statewide, top 96%, 693 students, 83% FRL); Vanguard Collegiate Middle (math 3% / reading 15%, grade F, #212 of 225 statewide, top 95%, 343 students, 84% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL).
• Zoned-school proficiency averages 30% at this address vs 12% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.2%/yr); 320 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• In year one you build about $111 of equity ($622 loan paydown + $-511 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 105 days — a 9% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $17k; list at $90k implies a 436% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $81,900 (9.0% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.81% ✓
• Cap rate: 15.37%
• Cash-on-cash: 32.41%
• DSCR: 2.44
• GRM: 4.6

CMA / ARV

• ARV (median comp): $106,239
• List price: $90,000
• Delta: -15.29%
• 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
2736 Mura St	0.11mi	3/2.0 (+1)	1,120 (+9%)	0mo	$81,000	$72	74
2811 E Biddle St	0.07mi	2/1.0	1,148 (+12%)	2mo	$75,000	$65	71
735 N Lakewood Ave	0.30mi	3/1.5 (+1)	970 (-6%)	2mo	$80,000	$82	68
629 N Kenwood Ave	0.38mi	2/1.5	1,100 (+7%)	1mo	$76,500	$70	68
2712 Ashland Ave	0.19mi	3/1.5 (+1)	1,164 (+14%)	1mo	$175,000	$150	61
415 N Glover St	0.54mi	2/2.5	1,092 (+6%)	2mo	$179,000	$164	60
2202 Prentiss Pl	0.43mi	2/2.0	900 (-12%)	2mo	$160,000	$178	58
530 N Curley St	0.47mi	3/1.0 (+1)	960 (-6%)	2mo	$85,000	$89	57
441 N East Ave	0.61mi	3/1.5 (+1)	976 (-5%)	2mo	$175,000	$179	55
155 N Streeper St	0.68mi	2/2.0	912 (-11%)	0mo	$220,000	$241	50
134 N Curley St	0.71mi	2/2.0	1,170 (+14%)	1mo	$270,000	$231	43
2703 Jefferson St	0.50mi	3/1.0 (+1)	1,170 (+14%)	2mo	$102,500	$88	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 34.2%
• Equity multiple: 2.67×
• Total profit: $42,134
• Equity at exit: $23,606

10-year hold

• IRR: 39.5%
• Equity multiple: 5.68×
• Total profit: $117,985
• Equity at exit: $26,430

Cash invested: $25,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 320
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,631 high
• Mortgage (P&I): −$472
• Tax from tax record: −$98 /mo · $1,177/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $681

Break-even live

Break-even rent $769

Max offer price $90,000

Occupancy floor 53%

Sensitivity live

Price	-10% $732	-5% $706	+0% $681	+5% $655	+10% $630
Rent	-10% $552	-5% $616	+0% $681	+5% $745	+10% $809
Rate	-1.0pp $726	-0.5pp $704	base $681	+0.5pp $657	+1.0pp $634

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2626 E Preston St Baltimore, MD	3.0	1.0	1136	$1,800	$1.58	46d	1	0.16mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	26d	1	0.19mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	5d	1	0.21mi
2430 E Biddle St Baltimore, MD	2.0	2.0	1300	$2,000	$1.54	46d	1	0.23mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	26d	1	0.29mi
1401 N Potomac St Unit 1 Baltimore, MD	1.0	1.0	700	$1,099	$1.57	20d	1	0.29mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	14d	1	0.32mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	24d	1	0.32mi
724 N Curley St Baltimore, MD	3.0	3.0	1500	$2,200	$1.47	6d	1	0.33mi
718 N Curley St Baltimore, MD	3.0	3.0	1500	$2,000	$1.33	6d	1	0.33mi
2934 E Monument St Baltimore, MD	2.0	1.0	1200	$1,499	$1.25	46d	1	0.37mi
627 N Lakewood Ave Baltimore, MD	3.0	2.5	1175	$1,850	$1.57	0d	1	0.38mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	46d	1	0.39mi
2215 E Biddle St Baltimore, MD	2.0	2.5	1350	$1,800	$1.33	46d	1	0.40mi
2202 Prentiss Pl Baltimore, MD	3.0	2.0	1400	$2,400	$1.71	46d	1	0.42mi
2608 McElderry St Baltimore, MD	3.0	1.0	1144	$1,525	$1.33	0d	1	0.42mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	26d	1	0.44mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	17d	1	0.47mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	46d	1	0.47mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	6d	1	0.47mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	22d	1	0.48mi
821 N Collington Ave Baltimore, MD	3.0	2.0	1150	$1,950	$1.70	46d	1	0.48mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	46d	1	0.51mi
2212 E Monument St Unit 2 Baltimore, MD	2.0	1.0	1200	$1,550	$1.29	20d	1	0.52mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	26d	1	0.53mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	26d	1	0.53mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	46d	1	0.56mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	17d	1	0.56mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	20d	1	0.56mi
425 N Milton Ave Baltimore, MD	3.0	1.0	1200	$1,525	$1.27	17d	1	0.56mi
3304 McElderry St Baltimore, MD	3.0	2.0	1413	$1,900	$1.34	46d	1	0.57mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	46d	1	0.57mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	46d	1	0.57mi
437 N Montford Ave Baltimore, MD	3.0	1.5	1100	$1,450	$1.32	46d	1	0.58mi
2815 Orleans St Baltimore, MD	2.0	1.0	1204	$1,600	$1.33	4d	1	0.58mi
420 N Montford Ave Baltimore, MD	3.0	1.0	1350	$1,450	$1.07	46d	1	0.59mi
402 N Milton Ave Unit 402B Baltimore, MD	2.0	1.0	950	$1,290	$1.36	46d	1	0.59mi
233 N Rose St Baltimore, MD	2.0	2.5	934	$1,750	$1.87	20d	1	0.61mi
218 N Glover St Baltimore, MD	2.0	2.0	1360	$1,750	$1.29	46d	1	0.61mi
230 N Rose St Baltimore, MD	2.0	1.5	1200	$1,545	$1.29	46d	1	0.62mi

Listing history 8 events

1. 2026-06-07
   days on market $90,000 Active 105 DOM
2. 2026-06-04
   days on market $90,000 Active 102 DOM
3. 2026-06-03
   days on market $90,000 Active 101 DOM
4. 2026-06-02
   days on market $90,000 Active 100 DOM
5. 2026-06-01
   days on market $90,000 Active 99 DOM
6. 2026-05-31
   days on market $90,000 Active 98 DOM
7. 2026-02-22
   listed $90,000 Active 1263-char remark

   Show marketing remark (1263 chars)

   Investor or Owner-Occupant Opportunity Available in the neighborhood of Biddle Street! Welcome to 2730 E Chase St. A 2-bedroom, 2-bath interior brick rowhome currently tenant-occupied and in livable, move-in ready condition being sold As-Is. Property will convey vacant at settlement, offering flexibility for immediate occupancy or renovation updates. Features include original hardwood floors, open main-level layout, ceiling fans, and a partially finished basement with a full bathroom. A low-maintenance lot and convenient access to public transportation and close to major hospitals. This is a great house with solid bones, ready for your updates. First Time Homebuyers, this home is the perfect starter home for you! This home is eligible for grants that can be used to help reduce your closing costs and down payments. Estimated market rent of approximately $1,500/month. After cosmetic improvements, projected ARV up to $170,000 with the right renovations. Major systems are in good working order, providing a solid foundation for value-add potential. Ideal for investors seeking a light rehab for rental or resale, or buyers looking to move in now and update over time while building equity. Schedule a tour today, this great property won't last long!

8. 1995-06-09
   soldstatus $16,800

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

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $1,177 · $98/mo
• Projected year-2 tax: $1,177 · $98/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 8/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,568
• − Mortgage interest: −$5,041
• − Property taxes: −$1,177
• − Insurance: −$450
• − Repairs & maintenance: −$1,565
• − Management: −$1,565
• − Depreciation: −$2,618
• Taxable income: $7,150
• Est. tax owed @ 24.0%: −$1,716
• After-tax cash flow: $6,452/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: Baltimore City Public Schools
• NCES district ID: 2400090
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 16% ▼ -5.00%
• Median HH income: $42,108
• Composite: 10.08/100
• National rank: #9805
• State rank: #24 of 24 in MD

Livability — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore, MD
• County: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 624,249 people
• By 2030: 621,541 · -0.4%
• By 2040: 609,756 · -2.3%
• By 2050: 597,249 · -4.3%
• By 2075: 552,236 · -11.5%
• By 2100: 513,934 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Baltimore

• 2024 margin: Solid D (+73.0) · D 85.2% · R 12.2% · Other 2.6%
• 2008→2024 swing: -2.5pp toward R · 2008: 75.5pp · 2024: 73.0pp
• All cycles: 2024: D+73.0 2020: D+76.6 2016: D+74.6 2012: D+76.4 2008: D+75.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+435.7% since first listed

2 events — show timeline

• 2026-02-22 Listed $90,000 BRIGHT MLS
• 1995-06-09 Sold (Public Records) $16,800 Public Records

Property tax history

+3.6%/yr

Latest (2025): $1,177 · +26.1% YoY. Source: county tax records.