41 155th Pl · Calumet City, IL 60409

$25,000

2 bd · 1.0 ba · 480 sqft · SingleFamily public records · 206 Days on market

Built 1908

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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 MLS

SINGLE FAMILY WITH 3 BEDROOMS, 2 FULL BATHS, FULL BASEMENT. PROPERTY BEING SOLD IN "AS IS AS SHOWN CONDITION, VILLAGE INSPECTION REQUIRED, ESCROW IS BUYERS RESPONSIBILITY.

Key facts

• Built 1908
• Listed 206 days

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2-story
• Construction: Wood siding; Built over 100 years ago; Built before 1978
• Exterior features: Lot less than 0.25 acre; Lot dimensions: 3100

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 2 bedrooms (1 bedroom on main level, 1 bedroom in basement) — space for a possible 3rd bedroom
• Bathrooms: 1 full bathroom
• Interior features: Finished full basement; 6 total rooms
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $910 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Recommended offer: $22k (12.0% below list) — sets the bar for market timing.
• Cap rate 50.0% 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; 6,272 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 $173 of loan paydown is wiped out by about $750 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 206 days — a 12% lower offer ($22k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y 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 $12k; list at $25k implies a 108% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $22,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 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 1908 — 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. 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?
8. 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.
9. 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.
10. 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: 5.48% ✓
• Cap rate: 49.97%
• Cash-on-cash: 156.00%
• DSCR: 7.94
• GRM: 1.5

CMA / ARV

• ARV (on-the-fly): $80,160
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
552 Freeland Ave	0.65mi	2/1.0	480 (0%)	10mo	$80,000	$167	61

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: —
• Equity multiple: 9.35×
• Total profit: $58,440
• Equity at exit: $3,728

10-year hold

• IRR: —
• Equity multiple: 21.77×
• Total profit: $145,360
• Equity at exit: $2,162

Cash invested: $7,000 (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: 1.5×

Monthly cashflow live

• Estimated rent: $1,371 medium
• Mortgage (P&I): −$131
• Tax est. 1.5%: −$31 /mo · $375/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $910

Break-even live

Break-even rent $219

Max offer price $25,000

Occupancy floor 29%

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-18
   days on market $25,000 Active 206 DOM
2. 2026-06-17
   days on market $25,000 Active 205 DOM
3. 2026-06-16
   days on market $25,000 Active 204 DOM
4. 2026-06-15
   days on market $25,000 Active 203 DOM
5. 2026-06-13
   days on market $25,000 Active 201 DOM
6. 2026-06-09
   days on market $25,000 Active 197 DOM
7. 2026-06-08
   days on market $25,000 Active 196 DOM
8. 2026-06-07
   days on market $25,000 Active 195 DOM
9. 2026-06-04
   days on market $25,000 Active 192 DOM
10. 2026-06-03
    days on market $25,000 Active 191 DOM
11. 2026-06-02
    days on market $25,000 Active 190 DOM
12. 2026-06-01
    days on market $25,000 Active 189 DOM
13. 2026-05-31
    days on market $25,000 Active 188 DOM
14. 2026-03-04
    status Active
15. 2026-01-26
    status Pending
16. 2025-10-16
    listed $25,000 Active
17. 2010-11-03
    soldstatus $12,000
18. 2010-10-18
    soldstatus $12,000 Closed Sale 177-char remark

    Show marketing remark (177 chars)

    SINGLE FAMILY WITH 3 BEDROOMS, 2 FULL BATHS, FULL BASEMENT. PROPERTY BEING SOLD IN "AS IS AS SHOWN CONDITION, VILLAGE INSPECTION REQUIRED, ESCROW IS BUYERS RESPONSIBILITY.

19. 2010-08-16
    price $12,000 177-char remark

    Show marketing remark (177 chars)

    SINGLE FAMILY WITH 3 BEDROOMS, 2 FULL BATHS, FULL BASEMENT. PROPERTY BEING SOLD IN "AS IS AS SHOWN CONDITION, VILLAGE INSPECTION REQUIRED, ESCROW IS BUYERS RESPONSIBILITY.

20. 2010-08-06
    historical Contingent 177-char remark

    Show marketing remark (177 chars)

    SINGLE FAMILY WITH 3 BEDROOMS, 2 FULL BATHS, FULL BASEMENT. PROPERTY BEING SOLD IN "AS IS AS SHOWN CONDITION, VILLAGE INSPECTION REQUIRED, ESCROW IS BUYERS RESPONSIBILITY.

21. 2010-06-02
    price $13,000 Price Change 177-char remark

    Show marketing remark (177 chars)

    SINGLE FAMILY WITH 3 BEDROOMS, 2 FULL BATHS, FULL BASEMENT. PROPERTY BEING SOLD IN "AS IS AS SHOWN CONDITION, VILLAGE INSPECTION REQUIRED, ESCROW IS BUYERS RESPONSIBILITY.

22. 2010-02-04
    listed $19,900 New 177-char remark

    Show marketing remark (177 chars)

    SINGLE FAMILY WITH 3 BEDROOMS, 2 FULL BATHS, FULL BASEMENT. PROPERTY BEING SOLD IN "AS IS AS SHOWN CONDITION, VILLAGE INSPECTION REQUIRED, ESCROW IS BUYERS RESPONSIBILITY.

23. 2008-07-17
    historical
24. 2008-04-23
    listed
25. 2006-04-12
    soldstatus $102,000
26. 2002-12-03
    soldstatus $26,000
27. 1997-01-30
    soldstatus $17,000
28. 1996-01-29
    soldstatus $17,000

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 22% 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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,448
• − Mortgage interest: −$1,400
• − Property taxes: −$375
• − Insurance: −$125
• − Repairs & maintenance: −$1,316
• − Management: −$1,316
• − Depreciation: −$727
• Taxable income: $11,188
• Est. tax owed @ 24.0%: −$2,685
• After-tax cash flow: $8,235/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

+47.1% since first listed

15 events — show timeline

• 2026-03-04 Relisted — MRED as Distributed by MLS Grid
• 2026-01-26 Pending — MRED as Distributed by MLS Grid
• 2025-10-16 Listed $25,000 MRED as Distributed by MLS Grid
• 2010-11-03 Sold (Public Records) $12,000 Public Records
• 2010-10-18 Sold (MLS) $12,000 MRED as Distributed by MLS Grid
• 2010-08-16 Price Changed $12,000 MRED as Distributed by MLS Grid
• 2010-08-06 Contingent — MRED as Distributed by MLS Grid
• 2010-06-02 Price Changed $13,000 MRED as Distributed by MLS Grid
• 2010-02-04 Listed $19,900 MRED as Distributed by MLS Grid
• 2008-07-17 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-23 Listed — MRED as Distributed by MLS Grid
• 2006-04-12 Sold (Public Records) $102,000 Public Records
• 2002-12-03 Sold (Public Records) $26,000 Public Records
• 1997-01-30 Sold (Public Records) $17,000 Public Records
• 1996-01-29 Sold (Public Records) $17,000 Public Records

Property tax history

+3.8%/yr

Latest (2023): $3,042 · +4.1% YoY. Source: county tax records.