1475 Lincoln Ave · Calumet City, IL 60409

$155,000

4 bd · 1.0 ba · 1,917 sqft · SingleFamily public records · 181 Days on market

Built 1950 4,500 sqft lot Est $228k · 32% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Looking for space without taking on major repairs? This spacious 4 bedroom, 2 bathroom home offers nearly 2,000 sq ft of living space, first floor primary suite, separate dinging area. a 2-car garage, and a private backyard with patio perfect for relaxing or entertaining. The home features two separate living areas, including a welcoming front sitting room and a large family room with fireplace and sliding glass doors leading to the backyard. This layout provides flexible space for everyday living, guests, or a home office. Major updates have already been completed, including roof, windows, siding, plumbing, electrical, and concrete improvements, helping reduce the need for costly repairs.

Key facts

• Updated electrical
• New siding
• New concrete

Tags

• NEW ROOF
• NEW SIDING
• NEW WINDOWS
• UPDATED ELECTRICAL
• UPDATED PLUMBING
• NEW CONCRETE

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with garage door opener (2 garage spaces; 2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2-story layout; Fee simple ownership; Built before 1978
• Construction: Vinyl siding and brick exterior
• Exterior features: Yard on a 30 x 150 lot; Neighborhood includes park, pool, curbs, sidewalks, street lights, and paved streets

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 4 bedrooms (Master on main; three additional bedrooms on second floor)
• Flooring: Laminate flooring in living room, dining room, and master bedroom; Ceramic tile flooring in kitchen and lower-level family room
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Finished daylight basement; One masonry fireplace in the family room; 8 total rooms
• Laundry & utility: In-unit laundry (laundry room in basement)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.8% vs local median 8.2% in Calumet City — 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 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; 6 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).
• At $3,075/mo this rent would consume 67% of the median local household income ($55k/yr) (locally 2415% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 $43k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y ago; this cycle's ask has dropped $40k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $110k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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 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?
6. 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?
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: 1.98% ✓
• Cap rate: 16.81%
• Cash-on-cash: 37.56%
• DSCR: 2.67
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $228,123
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
42 Indi Illi Pkwy	0.45mi	3/2.0 (-1)	1,964 (+2%)	3mo	$280,000	$143	64
3312 E 170th St	0.40mi	3/1.5 (-1)	2,100 (+10%)	1mo	$217,900	$104	58
3312 E 170th St	0.40mi	3/1.5 (-1)	2,110 (+10%)	1mo	$217,900	$103	57
17153 Burnham Ave	0.66mi	4/2.0	1,890 (-1%)	8mo	$139,900	$74	57
63 Kenwood St	0.75mi	4/2.0	1,964 (+2%)	3mo	$234,000	$119	54
6360 Hohman Ave	0.65mi	3/1.5 (-1)	1,833 (-4%)	1mo	$160,000	$87	54
17244 Wentworth Ave	0.65mi	4/2.0	1,783 (-7%)	1mo	$85,000	$48	53
12 Midway Ct	0.39mi	3/2.0 (-1)	1,780 (-7%)	11mo	$223,000	$125	52
50 172nd St	0.73mi	3/1.5 (-1)	1,854 (-3%)	8mo	$282,500	$152	47
12 169th St	0.42mi	3/1.5 (-1)	1,667 (-13%)	7mo	$205,000	$123	46
3409 173rd Pl	0.75mi	4/2.5	1,647 (-14%)	3mo	$265,000	$161	33
262 Humpfer St	0.66mi	3/2.0 (-1)	2,200 (+15%)	8mo	$259,900	$118	29

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: 37.1%
• Equity multiple: 2.65×
• Total profit: $71,571
• Equity at exit: $23,111

10-year hold

• IRR: 45.3%
• Equity multiple: 6.03×
• Total profit: $218,247
• Equity at exit: $13,402

Cash invested: $43,400 (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: 4.2×

Monthly cashflow live

• Estimated rent: $3,075 high
• Mortgage (P&I): −$813
• Tax est. 1.5%: −$194 /mo · $2,325/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$646
• Net cashflow: $1,358

Break-even live

Break-even rent $1,356

Max offer price $155,000

Occupancy floor 51%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
252 Lawndale St Hammond, IN	4.0	3.0	2016	$2,600	$1.29	2d	1	0.70mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	1d	1	1.02mi
7611 Kinsley Pl Munster, IN	3.0	2.0	1700	$4,700	$2.76	1d	1	1.23mi
7610 Manor Ave Munster, IN	3.0	2.0	1700	$4,750	$2.79	1d	1	1.26mi
232 Gregory Ave Munster, IN	3.0	1.5	1600	$2,450	$1.53	1d	1	1.39mi
7741 Hohman Ave Munster, IN	4.0	2.0	2200	$3,200	$1.45	10d	1	1.39mi

Listing history 49 events

1. 2026-06-18
   days on market $155,000 Active 181 DOM
2. 2026-06-17
   days on market $155,000 Active 180 DOM
3. 2026-06-16
   days on market $155,000 Active 179 DOM
4. 2026-06-15
   days on market $155,000 Active 178 DOM
5. 2026-06-13
   days on market $155,000 Active 176 DOM
6. 2026-06-09
   days on market $155,000 Active 172 DOM
7. 2026-06-08
   days on market $155,000 Active 171 DOM
8. 2026-06-07
   days on market $155,000 Active 170 DOM
9. 2026-06-04
   days on market $155,000 Active 167 DOM
10. 2026-06-03
    days on market $155,000 Active 166 DOM
11. 2026-06-02
    days on market $155,000 Active 165 DOM
12. 2026-06-01
    days on market $155,000 Active 164 DOM
13. 2026-05-31
    days on market $155,000 Active 163 DOM
14. 2026-05-12
    historical Contingent - Continue to Show
15. 2026-03-14
    price $160,000
16. 2026-02-20
    price $180,000
17. 2026-01-27
    price $190,000
18. 2025-12-19
    listed $195,000 Active
19. 2025-07-29
    historical
20. 2025-05-26
    price
21. 2025-03-04
    price
22. 2025-01-14
    price
23. 2025-01-13
    listed Active
24. 2024-10-18
    soldstatus $110,000
25. 2024-05-31
    historical
26. 2024-05-30
    listed Temporarily No Showings
27. 2024-05-08
    historical
28. 2024-05-08
    status Temporarily No Showings
29. 2024-03-30
    historical
30. 2015-10-24
    soldstatus $70,000 Closed Sale
31. 2015-09-17
    historical Contingent
32. 2015-09-03
    price $75,000
33. 2015-08-13
    listed $80,000 New
34. 2009-04-30
    historical
35. 2009-04-29
    soldstatus $26,000 Closed Sale
36. 2009-04-09
    historical
37. 2009-03-20
    price $29,900
38. 2009-03-07
    price $37,900
39. 2009-02-22
    listed $49,900
40. 2009-01-23
    historical
41. 2009-01-22
    price
42. 2008-12-28
    price
43. 2008-11-24
    price
44. 2008-10-25
    price
45. 2008-09-26
    price
46. 2008-09-05
    listed
47. 1997-02-18
    soldstatus $85,000
48. 1995-05-09
    soldstatus $87,000
49. 1978-11-03
    soldstatus $50,000

ⓘ 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 5/10 Major FEMA zone X (shaded) · 24% 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: $36,906
• − Mortgage interest: −$8,682
• − Property taxes: −$2,325
• − Insurance: −$775
• − Repairs & maintenance: −$2,952
• − Management: −$2,952
• − Depreciation: −$4,509
• Taxable income: $14,709
• Est. tax owed @ 24.0%: −$3,530
• After-tax cash flow: $12,771/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

+220.0% since first listed

36 events — show timeline

• 2026-05-12 Contingent — MRED as Distributed by MLS Grid
• 2026-03-14 Price Changed $160,000 MRED as Distributed by MLS Grid
• 2026-02-20 Price Changed $180,000 MRED as Distributed by MLS Grid
• 2026-01-27 Price Changed $190,000 MRED as Distributed by MLS Grid
• 2025-12-19 Listed $195,000 MRED as Distributed by MLS Grid
• 2025-07-29 Listing Removed — MRED as Distributed by MLS Grid
• 2025-05-26 Price Changed — MRED as Distributed by MLS Grid
• 2025-03-04 Price Changed — MRED as Distributed by MLS Grid
• 2025-01-14 Price Changed — MRED as Distributed by MLS Grid
• 2025-01-13 Listed — MRED as Distributed by MLS Grid
• 2024-10-18 Sold (Public Records) $110,000 Public Records
• 2024-05-31 Listing Removed — MRED as Distributed by MLS Grid
• 2024-05-30 Listed — MRED as Distributed by MLS Grid
• 2024-05-08 Listing Removed — MRED as Distributed by MLS Grid
• 2024-05-08 Relisted — MRED as Distributed by MLS Grid
• 2024-03-30 Listing Removed — MRED as Distributed by MLS Grid
• 2015-10-24 Sold (MLS) $70,000 MRED as Distributed by MLS Grid
• 2015-09-17 Contingent — MRED as Distributed by MLS Grid
• 2015-09-03 Price Changed $75,000 MRED as Distributed by MLS Grid
• 2015-08-13 Listed $80,000 MRED as Distributed by MLS Grid
• 2009-04-30 Listing Removed — MRED as Distributed by MLS Grid
• 2009-04-29 Sold (MLS) $26,000 MRED as Distributed by MLS Grid
• 2009-04-09 Contingent — MRED as Distributed by MLS Grid
• 2009-03-20 Price Changed $29,900 MRED as Distributed by MLS Grid
• 2009-03-07 Price Changed $37,900 MRED as Distributed by MLS Grid
• 2009-02-22 Listed $49,900 MRED as Distributed by MLS Grid
• 2009-01-23 Listing Removed — MRED as Distributed by MLS Grid
• 2009-01-22 Price Changed — MRED as Distributed by MLS Grid
• 2008-12-28 Price Changed — MRED as Distributed by MLS Grid
• 2008-11-24 Price Changed — MRED as Distributed by MLS Grid
• 2008-10-25 Price Changed — MRED as Distributed by MLS Grid
• 2008-09-26 Price Changed — MRED as Distributed by MLS Grid
• 2008-09-05 Listed — MRED as Distributed by MLS Grid
• 1997-02-18 Sold (Public Records) $85,000 Public Records
• 1995-05-09 Sold (Public Records) $87,000 Public Records
• 1978-11-03 Sold (Public Records) $50,000 Public Records

Property tax history

+5.8%/yr

Latest (2023): $8,549 · -2.3% YoY. Source: county tax records.