14041 S Calhoun Ave · Burnham, IL 60633

$135,000

3 bd · 1.0 ba · 720 sqft · SingleFamily public records · 13 Days on market

Built 1947

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Why this score? — see what drove the D 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 +16.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• 1% rule +4.8/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Whether you're looking to invest or downsize, this charming 3-bedroom, 1-bath home offers endless potential. Situated on a quiet street, this home features spacious bedrooms, an eat-in kitchen, some newer windows, and a newer hot water tank. Enjoy the expansive fenced backyard, perfect for entertaining or creating your own private retreat, along with a spacious 2.5-car garage. Conveniently located near local amenities, this move-in-ready home is a great opportunity for homeowners and investors alike.

Key facts

• Quiet street
• Newer hot water tank
• Newer windows

Tags

• FENCED BACKYARD
• EAT-IN KITCHEN
• NEWER WINDOWS
• NEWER HOT WATER TANK
• QUIET STREET
• LOCAL AMENITIES

Property features AI

Finance

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

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Single-story; Fee simple ownership; Accessible / disability equipped; Built before 1978 (71-80 years old)
• Construction: Aluminum siding construction
• Exterior features: Aluminum siding; Lot less than 0.25 acre

Interior

• Kitchen: Kitchen on main level (16 x 13); Wood laminate kitchen flooring
• Bedrooms: Master bedroom on main level (13 x 12); Bedroom on main level (11 x 11); Bedroom on main level (12 x 8)
• Flooring: Wood laminate (in kitchen)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heat; Window air conditioning units
• Interior features: Full basement (other); 5 total rooms
• Laundry & utility: Main-level laundry room (6 x 12)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $76 ($913/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $132k (2.0% below list).
• Recommended offer: $132k (2.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#264 in IL, #4,889 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities F, health & safety 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.
• Zoned schools: Caroline Sibley Elem School (math 0% / reading 5%, grade F, #1,923 of 2,056 statewide, top 94%, 518 students, 0% FRL); Creative Communications Acad (math 2% / reading 2%, grade F, #660 of 665 statewide, top 100%, 177 students, 0% FRL); Thornridge High School (math 8% / reading 8%, grade F, #589 of 693 statewide, top 86%, 1,057 students, 0% FRL).
• Market conditions: 23 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $28k; list at $135k implies a 382% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,323 (2.0% below list)

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.98% ✗
• Cap rate: 6.97%
• Cash-on-cash: 2.42%
• DSCR: 1.11
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $79,920
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14024 S Manistee Ave	0.29mi	2/1.0 (-1)	812 (+13%)	0mo	$90,000	$111	60

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: -12.4%
• Equity multiple: 0.55×
• Total profit: $-16,988
• Equity at exit: $20,129

10-year hold

• IRR: -3.3%
• Equity multiple: 0.78×
• Total profit: $-8,382
• Equity at exit: $11,672

Cash invested: $37,800 (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 60633

• Home prices YoY: -24.8%
• Active inventory: 23
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,323 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$205 /mo · $2,461/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $76

Break-even live

Break-even rent $1,227

Max offer price $135,000

Occupancy floor 89%

Sensitivity live

Price	-10% $152	-5% $114	+0% $76	+5% $38	+10% $0
Rent	-10% $-28	-5% $24	+0% $76	+5% $128	+10% $181
Rate	-1.0pp $144	-0.5pp $110	base $76	+0.5pp $41	+1.0pp $6

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14501 S Torrence Ave Chicago, IL	1.0–2.0	1.0	737	$1,250	$1.69	14d	2	0.59mi
1601 Downs Dr Unit 3S Calumet City, IL	2.0	1.0	750	$1,400	$1.87	26d	1	0.61mi

Listing history 20 events

1. 2026-06-21
   days on market $135,000 Active 13 DOM
2. 2026-06-18
   days on market $135,000 Active 10 DOM
3. 2026-06-17
   days on market $135,000 Active 9 DOM
4. 2026-06-16
   days on market $135,000 Active 8 DOM
5. 2026-06-15
   days on market $135,000 Active 7 DOM
6. 2026-06-13
   days on market $135,000 Active 5 DOM
7. 2026-06-13
   days on market $135,000 Active 4 DOM
8. 2026-06-08
   remarks 505-char remark
9. 2026-06-08
   pricedays on marketlisting id $135,000 Active 1 DOM
10. 2026-06-04
    days on market $145,000 Active 220 DOM
11. 2026-06-03
    days on market $145,000 Active 219 DOM
12. 2026-06-02
    days on market $145,000 Active 218 DOM
13. 2026-06-01
    days on market $145,000 Active 217 DOM
14. 2026-05-31
    days on market $145,000 Active 216 DOM
15. 2026-01-07
    price $150,000
16. 2025-10-26
    listed $170,000 Active
17. 1988-09-15
    soldstatus $27,990
18. 1988-09-15
    soldstatus $28,000
19. 1986-05-01
    soldstatus $42,000
20. 1982-07-02
    soldstatus $38,500

ⓘ 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: $2,461 · $205/mo
• Projected year-2 tax: $2,763 · $230/mo
• Expected delta: +$302/yr (+$25/mo · 12.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% 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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,879
• − Mortgage interest: −$7,562
• − Property taxes: −$2,461
• − Insurance: −$675
• − Repairs & maintenance: −$1,270
• − Management: −$1,270
• − Depreciation: −$3,927
• Taxable loss: −$1,287
• Est. tax savings @ 24.0%: +$309
• After-tax cash flow: $1,222/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 — Burnham

• Score: 74/100
• State rank: #264
• US rank: #4889

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burnham, IL
• Population (ZIP): 12,485

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 45% Black 29% White 25% Two or more races 13%
• Hispanic origin (detail): Mexican 40% Puerto Rican 3%
• Common ancestry: Romanian 12% Armenian 2% Iranian 1%
• Foreign-born: 15% · Canada
• Languages at home: 69% English-only · Spanish 27% Arabic 2% Other Indo-European 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: ▼ -90.46%
• Current HPI: 274.4127
• 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

+289.6% since first listed

6 events — show timeline

• 2026-01-07 Price Changed $150,000 MRED as Distributed by MLS Grid
• 2025-10-26 Listed $170,000 MRED as Distributed by MLS Grid
• 1988-09-15 Sold (Public Records) $28,000 Public Records
• 1988-09-15 Sold (Public Records) $27,990 Public Records
• 1986-05-01 Sold (Public Records) $42,000 Public Records
• 1982-07-02 Sold (Public Records) $38,500 Public Records

Property tax history

+3.8%/yr

Latest (2023): $2,461 · +77.5% YoY. Source: county tax records.