762 Newell Ave · Calumet City, IL 60409

$110,000

3 bd · 1.0 ba · 1,070 sqft · SingleFamily public records · 3 Days on market

Built 1980 3,320 sqft lot Est $106k · at est.

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Why this score? — see what drove the B- 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 +28.6/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +5.8/15.0
• Rent growth +4.0/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller Motivated! Three bedroom ranch. Spacious rooms, side drive, fenced yard. Close to schools (1 block to Thornton Fractional 5 miles to South Suburban College). Needs work! This is not bank owned or a short sale - can close quickly!!

Key facts

• Brand-new kitchen
• Granite countertops
• Fenced backyard

Tags

• BRAND-NEW KITCHEN
• WHITE SHAKER CABINETS
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• FENCED BACKYARD

Property features AI

Finance

• Other: Fee simple ownership; Property not currently leased
• HOA & community: No master association fee required

Exterior

• Parking: Two parking spaces total; Concrete and dirt driveway; Off-street parking; Side apron and additional parking area
• Utilities: Water: Lake Michigan; Sewer: Public sewer; Electric and gas available (natural gas heating)
• Home design: Detached single-family home; One-story
• Construction: Built approximately 41–50 years ago; Vinyl siding and brick exterior; Asphalt roof; Concrete perimeter foundation
• Exterior features: Sidewalks; Street lights; Lot dimensions approximately 40 x 83; Lot less than 0.25 acre

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Stainless steel appliances; Eating area / table space
• Bedrooms: Three bedrooms (all on the main level)
• Flooring: Carpet in living areas; Vinyl in laundry
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: First-floor bedroom; Six total rooms
• Laundry & utility: Main-level laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Cap rate 10.2% vs local median 8.2% in Calumet City — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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-, crime D-, amenities F.
• 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.
• Zoned schools: Thornton Fractnl No High School (math 6% / reading 10%, grade F, #587 of 693 statewide, top 85%, 1,383 students, 0% FRL).
• Market conditions: Rents rising fast (+6.2%/yr); 196 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 38% 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 $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 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 $20k; list at $110k implies a 450% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.5% of price.

Recommended offer $110,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
6. 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.
7. 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: 1.61% ✓
• Cap rate: 10.24%
• Cash-on-cash: 14.09%
• DSCR: 1.63
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $105,930
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
503 Webb St	0.36mi	2/1.0 (-1)	1,093 (+2%)	1mo	$20,000	$18	74
866 Greenbay Ave	0.24mi	3/2.0	1,163 (+9%)	3mo	$200,000	$172	68
518 156th Pl	0.25mi	3/2.0	1,165 (+9%)	3mo	$167,000	$143	67
527 155th Pl	0.22mi	2/1.0 (-1)	947 (-12%)	3mo	$82,900	$88	64
1129 Sibley Blvd	0.73mi	3/1.0	1,075 (+0%)	3mo	$106,000	$99	63
302 153rd St	0.63mi	3/1.0	1,016 (-5%)	2mo	$175,000	$172	61
811 Sibley Blvd	0.69mi	3/2.0	1,078 (+1%)	2mo	$155,000	$144	61
243 Waltham St	0.74mi	3/1.0	1,032 (-4%)	3mo	$200,000	$194	57
228 154th Pl	0.61mi	3/2.0	1,120 (+5%)	3mo	$39,900	$36	57
303 W 153rd Pl	0.58mi	3/1.0	1,188 (+11%)	1mo	$65,000	$55	53
419 157th St	0.40mi	4/2.0 (+1)	957 (-11%)	3mo	$80,000	$84	52
423 157th St	0.38mi	4/1.5 (+1)	1,212 (+13%)	1mo	$25,000	$21	52

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: 8.9%
• Equity multiple: 1.36×
• Total profit: $11,234
• Equity at exit: $16,401

10-year hold

• IRR: 21.2%
• Equity multiple: 3.14×
• Total profit: $65,769
• Equity at exit: $9,511

Cash invested: $30,800 (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: 196
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,771 high
• Mortgage (P&I): −$577
• Tax from tax record: −$415 /mo · $4,978/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $362

Break-even live

Break-even rent $1,313

Max offer price $110,000

Occupancy floor 75%

Sensitivity live

Price	-10% $715	-5% $393	+0% $362	+5% $331	+10% $299
Rent	-10% $222	-5% $292	+0% $362	+5% $432	+10% $502
Rate	-1.0pp $417	-0.5pp $390	base $362	+0.5pp $333	+1.0pp $304

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
323 Memorial Dr Unit 2 Calumet City, IL	2.0	1.0	1000	$1,600	$1.60	25d	1	0.64mi
671 Saginaw Ave Calumet City, IL	3.0	2.0	1250	$2,276	$1.82	11d	1	0.78mi
115 157th St Unit 3 Calumet City, IL	3.0	1.0	800	$1,350	$1.69	25d	1	0.79mi
634 Sibley Blvd Calumet City, IL	1.0–2.0	1.0	710	$1,450	$2.04	5d	2	0.81mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	2d	1	0.99mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	25d	1	1.02mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	13d	1	1.02mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	25d	1	1.04mi
460 Hoxie Ave Unit R Calumet City, IL	2.0	1.0	800	$1,650	$2.06	14d	1	1.16mi
460 Hoxie Ave Unit R Calumet City, IL	2.0	1.0	800	$1,650	$2.06	8d	1	1.16mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	8d	1	1.17mi
2790 E State St Apt 2E Burnham, IL	3.0	2.0	1100	$1,695	$1.54	25d	1	1.23mi
2605 E Martha Pl Chicago, IL	2.0	2.0	1353	$1,860	$1.37	23d	1	1.31mi
659 Paxton Ave Calumet City, IL	3.0	2.0	1255	$2,461	$1.96	11d	1	1.34mi
1338 Wentworth Ave Unit 1338 Calumet City, IL	2.0	1.0	800	$1,430	$1.79	25d	1	1.36mi
660 Clyde Ave Calumet City, IL	3.0	1.5	1400	$1,750	$1.25	4d	1	1.49mi

Listing history 4 events

1. 2026-06-15
   status $110,000 Pending 3 DOM
2. 2026-06-15
   days on market $110,000 Active 3 DOM
3. 2026-06-13
   remarks 603-char remark
4. 2026-06-13
   listed $110,000 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: $4,978 · $415/mo
• Projected year-2 tax: $4,978 · $415/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 ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,253
• − Mortgage interest: −$6,162
• − Property taxes: −$4,978
• − Insurance: −$550
• − Repairs & maintenance: −$1,700
• − Management: −$1,700
• − Depreciation: −$3,200
• Taxable income: $2,963
• Est. tax owed @ 24.0%: −$711
• After-tax cash flow: $3,629/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

+205.6% since first listed

23 events — show timeline

• 2026-06-12 Listed $110,000 MRED as Distributed by MLS Grid
• 2025-11-24 Contingent — MRED as Distributed by MLS Grid
• 2025-11-22 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-19 Listed — MRED as Distributed by MLS Grid
• 2012-05-14 Sold (MLS) $20,000 MRED as Distributed by MLS Grid
• 2012-04-30 Contingent — MRED as Distributed by MLS Grid
• 2012-01-13 Listed $30,000 MRED as Distributed by MLS Grid
• 2010-05-01 Listing Removed — MRED as Distributed by MLS Grid
• 2009-10-24 Price Changed — MRED as Distributed by MLS Grid
• 2009-08-05 Listed — MRED as Distributed by MLS Grid
• 2009-08-01 Listing Removed — MRED as Distributed by MLS Grid
• 2009-06-01 Listed — MRED as Distributed by MLS Grid
• 2009-06-01 Listing Removed — MRED as Distributed by MLS Grid
• 2009-05-06 Price Changed — MRED as Distributed by MLS Grid
• 2008-12-14 Listed — MRED as Distributed by MLS Grid
• 2008-12-13 Listing Removed — MRED as Distributed by MLS Grid
• 2007-12-02 Listed — MRED as Distributed by MLS Grid
• 2007-11-30 Listing Removed — MRED as Distributed by MLS Grid
• 2007-04-30 Listed — MRED as Distributed by MLS Grid
• 1997-08-18 Sold (Public Records) $65,000 Public Records
• 1985-09-05 Sold (Public Records) $44,500 Public Records
• 1985-08-01 Sold (Public Records) $44,500 Public Records
• 1978-08-07 Sold (Public Records) $36,000 Public Records

Property tax history

+7.5%/yr

Latest (2023): $4,978 · +7.6% YoY. Source: county tax records.