345 Calumet Blvd · Harvey, IL 60426

$89,900

3 bd · 2.0 ba · 1,387 sqft · SingleFamily public records · 293 Days on market

Built 1924 0.58 ac lot Est $143k · 37% under ↓ 34% since listing

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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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks

Step into the charm of this classic brick Craftsman-Style home featuring 3 spacious bedrooms and 1.5 baths. The second-floor bedroom opens onto a private deck-perfect for morning coffee or evening relaxation. Inside the kitchen you will find a walk-in pantry, elegant woodwork throughout home with endless potential to bring your vision to life. This home sits on a double lot surrounded by mature trees, offering a huge yard with plenty of space for family gatherings, outdoor fun, and future landscaping ideas. With a little imagination and TLC, you can transform this property into a warm and inviting place to call home. A great opportunity for first-time homebuyers or investors, this property

Key facts

• Private deck
• Huge yard
• Double lot

Tags

• PRIVATE DECK
• WALK-IN PANTRY
• DOUBLE LOT
• HUGE YARD
• MATURE TREES

Property features AI

Finance

• Other: Fee simple ownership
• HOA & community: No master association fees required

Exterior

• Parking: 3 parking spaces (total)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2-story house; Property over 100 years old; Built before 1978
• Construction: Brick construction
• Exterior features: Lot roughly 0.5–0.99 acre; Lot dimensions approximately 174 x 144

Interior

• Kitchen: Kitchen on main level (12 x 11)
• Bedrooms: 3 bedrooms (master on second level; two additional bedrooms on second level; one bonus room on main level)
• Flooring: Hardwood flooring in living room and dining room
• Bathrooms: 1 full bathroom; 1 half bathroom; Basement has bathroom access (yes)
• Heating & cooling: Forced air heating
• Interior features: 7 total rooms; Unfinished full basement
• Laundry & utility: Laundry room in basement (9 x 9)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/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: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.2% vs local median 9.3% in Harvey — 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 67/100 on livability (#539 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A-; Watch: health & safety D+, schools F, crime F.
• Thornton Twp Hsd 205 (suburban): math 7% / reading 8% proficiency, ranked #594 of 620 in IL (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 133 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($622 loan paydown + $9k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 293 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 5 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.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 293 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 1924 — 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 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: 2.34% ✓
• Cap rate: 20.16%
• Cash-on-cash: 49.53%
• DSCR: 3.20
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $142,861
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
340 Streamside Dr	0.06mi	3/1.5	1,270 (-8%)	5mo	$142,000	$112	77
14459 Center Ave	0.42mi	3/1.0	1,400 (+1%)	4mo	$35,000	$25	71
14410 S Union Ave	0.36mi	3/2.0	1,294 (-7%)	4mo	$179,000	$138	68
308 W 145th Pl	0.47mi	3/1.5	1,488 (+7%)	3mo	$91,000	$61	62
14636 Clark St	0.69mi	3/1.0	1,394 (+0%)	3mo	$105,000	$75	60
14528 S Normal Ave	0.27mi	3/1.5	1,197 (-14%)	5mo	$123,649	$103	58
14609 Lexington Ave	0.65mi	3/1.0	1,326 (-4%)	3mo	$45,000	$34	56
111 E 144th Ct	0.59mi	3/1.5	1,491 (+8%)	2mo	$105,000	$70	56
14817 S Wentworth Ave	0.62mi	3/2.0	1,270 (-8%)	3mo	$180,000	$142	55
14233 S Union Ave	0.55mi	4/2.0 (+1)	1,262 (-9%)	4mo	$194,000	$154	52
14727 Riverside Dr	0.69mi	4/2.0 (+1)	1,200 (-14%)	3mo	$212,000	$177	37
14417 S Atlantic Ave	0.63mi	2/1.0 (-1)	1,227 (-12%)	6mo	$70,000	$57	37

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 63.2%
• Equity multiple: 5.58×
• Total profit: $115,166
• Equity at exit: $80,989

10-year hold

• IRR: 56.8%
• Equity multiple: 12.41×
• Total profit: $287,170
• Equity at exit: $174,656

Cash invested: $25,172 (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 60426

• Home prices YoY: 6.9%
• Active inventory: 133
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,102 medium
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $1,039

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 46%

Sensitivity live

Price	-10% $1,101	-5% $1,070	+0% $1,039	+5% $1,008	+10% $977
Rent	-10% $873	-5% $956	+0% $1,039	+5% $1,122	+10% $1,205
Rate	-1.0pp $1,084	-0.5pp $1,062	base $1,039	+0.5pp $1,016	+1.0pp $992

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14844 Wabash Ave Dolton, IL	3.0	1.5	1277	$2,320	$1.82	25d	1	0.91mi
13708 S Wentworth Ave Riverdale, IL	3.0	1.5	1500	$2,200	$1.47	23d	1	1.35mi
14124 Manor Ave Dolton, IL	3.0	2.0	1440	$2,390	$1.66	25d	1	1.39mi
13604 S Wentworth Ave Riverdale, IL	3.0	1.0	1100	$1,200	$1.09	25d	1	1.46mi

Listing history 42 events

1. 2026-06-21
   days on market $89,900 Active 293 DOM
2. 2026-06-18
   days on market $89,900 Active 290 DOM
3. 2026-06-17
   days on market $89,900 Active 289 DOM
4. 2026-06-16
   days on market $89,900 Active 288 DOM
5. 2026-06-15
   days on market $89,900 Active 287 DOM
6. 2026-06-13
   days on market $89,900 Active 285 DOM
7. 2026-06-13
   days on market $89,900 Active 284 DOM
8. 2026-06-09
   days on market $89,900 Active 281 DOM
9. 2026-06-08
   days on market $89,900 Active 280 DOM
10. 2026-06-07
    days on market $89,900 Active 279 DOM
11. 2026-06-04
    days on market $89,900 Active 276 DOM
12. 2026-06-03
    days on market $89,900 Active 275 DOM
13. 2026-06-02
    days on market $89,900 Active 274 DOM
14. 2026-06-01
    days on market $89,900 Active 273 DOM
15. 2026-05-31
    days on market $89,900 Active 272 DOM
16. 2025-09-05
    status Active
17. 2025-08-30
    status Pending
18. 2025-08-26
    listed $89,900 Active
19. 2009-04-19
    historical
20. 2009-04-15
    price
21. 2009-04-08
    price
22. 2009-03-27
    price
23. 2009-03-26
    price
24. 2009-03-16
    price
25. 2009-02-28
    price
26. 2009-01-29
    price
27. 2009-01-05
    price
28. 2008-12-06
    price
29. 2008-11-18
    price
30. 2008-11-10
    price
31. 2008-10-24
    price
32. 2008-10-19
    listed
33. 2008-07-14
    historical
34. 2008-07-10
    price
35. 2008-07-07
    price
36. 2008-06-28
    price
37. 2008-06-20
    price
38. 2008-06-12
    listed
39. 2008-04-15
    soldstatus $80,000
40. 2008-04-03
    soldstatus $80,000
41. 2007-12-14
    historical
42. 2007-09-12
    listed $135,900

ⓘ 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 ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,219
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$2,018
• − Management: −$2,018
• − Depreciation: −$2,615
• Taxable income: $11,735
• Est. tax owed @ 24.0%: −$2,816
• After-tax cash flow: $9,651/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 Twp Hsd 205
• NCES district ID: 1738970
• Math proficiency: 7% ▬ 0.00%
• Reading proficiency: 8% ▼ -2.00%
• Median HH income: $43,392
• Composite: 6.92/100
• National rank: #9976
• State rank: #594 of 620 in IL

Livability — Harvey

• Score: 67/100
• State rank: #539
• US rank: #11162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harvey, IL
• City population: 23,066
• Population (ZIP): 23,066

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: Majority Black (59%)
• Race & ethnicity: Black 59% Hispanic / Latino 33% Two or more races 12% White 3% Asian 2%
• Hispanic origin (detail): Mexican 31%
• Foreign-born: 17% · Canada
• Languages at home: 67% English-only · Spanish 30% Other Indo-European 2% French/Haitian/Cajun 1%

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: ▲ 20.36%
• Current HPI: 313.7895
• 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

-33.8% since first listed

27 events — show timeline

• 2025-09-05 Relisted — MRED as Distributed by MLS Grid
• 2025-08-30 Pending — MRED as Distributed by MLS Grid
• 2025-08-26 Listed $89,900 MRED as Distributed by MLS Grid
• 2009-04-19 Listing Removed — MRED as Distributed by MLS Grid
• 2009-04-15 Price Changed — MRED as Distributed by MLS Grid
• 2009-04-08 Price Changed — MRED as Distributed by MLS Grid
• 2009-03-27 Price Changed — MRED as Distributed by MLS Grid
• 2009-03-26 Price Changed — MRED as Distributed by MLS Grid
• 2009-03-16 Price Changed — MRED as Distributed by MLS Grid
• 2009-02-28 Price Changed — MRED as Distributed by MLS Grid
• 2009-01-29 Price Changed — MRED as Distributed by MLS Grid
• 2009-01-05 Price Changed — MRED as Distributed by MLS Grid
• 2008-12-06 Price Changed — MRED as Distributed by MLS Grid
• 2008-11-18 Price Changed — MRED as Distributed by MLS Grid
• 2008-11-10 Price Changed — MRED as Distributed by MLS Grid
• 2008-10-24 Price Changed — MRED as Distributed by MLS Grid
• 2008-10-19 Listed — MRED as Distributed by MLS Grid
• 2008-07-14 Listing Removed — MRED as Distributed by MLS Grid
• 2008-07-10 Price Changed — MRED as Distributed by MLS Grid
• 2008-07-07 Price Changed — MRED as Distributed by MLS Grid
• 2008-06-28 Price Changed — MRED as Distributed by MLS Grid
• 2008-06-20 Price Changed — MRED as Distributed by MLS Grid
• 2008-06-12 Listed — MRED as Distributed by MLS Grid
• 2008-04-15 Sold (Public Records) $80,000 Public Records
• 2008-04-03 Sold (MLS) $80,000 MRED as Distributed by MLS Grid
• 2007-12-14 Listing Removed — MRED as Distributed by MLS Grid
• 2007-09-12 Listed $135,900 MRED as Distributed by MLS Grid

Property tax history

+8.2%/yr

Latest (2023): $11,534 · +28.8% YoY. Source: county tax records.