1635 Linden Rd · Homewood, IL 60430

$239,000

3 bd · 1.0 ba · 1,476 sqft · SingleFamily public records · 9 Days on market

Built 1924 Est $254k · 6% under

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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 +15.4/30.0
• ARV discount +10.1/15.0
• 1% rule +6.0/10.0
• DSCR +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful 5 bedroom 2 bathroom home located in a quiet area. Huge backyard, 2 car garage, plenty of parking space on both sides of the house and back. Big picture windows for great sunlight. Nice size 2nd floor, unfinished basement. Minutes away from multiple shopping stores and downtown Homewood. Don& apos; t wait to view this beautiful home

Key facts

• Unfinished basement
• Huge backyard
• Big picture windows

Tags

• HUGE BACKYARD
• BIG PICTURE WINDOWS
• UNFINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $92 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $239k).

Location & tenants

• Location reads 81/100 on livability (#81 in IL, #1,314 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, cost of living A+; Watch: schools D+, amenities F.
• Homewood Flossmoor Chsd 233 (suburban): math 21% / reading 27% proficiency, ranked #272 of 620 in IL (top 44%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 101 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 10y 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 $170k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,000

Questions for the listing agent

1. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 1.10% ✓
• Cap rate: 6.75%
• Cash-on-cash: 1.64%
• DSCR: 1.07
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $253,872
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1465 Ridge Rd	0.23mi	3/2.0	1,372 (-7%)	3mo	$235,000	$171	71
1207 Olive Rd	0.60mi	3/2.0	1,459 (-1%)	1mo	$225,000	$154	65
1918 183rd St	0.49mi	3/1.5	1,387 (-6%)	3mo	$264,900	$191	63
18423 Homewood Ave	0.58mi	3/1.0	1,403 (-5%)	5mo	$229,900	$164	60
18241 Gottschalk Ave	0.44mi	3/2.0	1,671 (+13%)	2mo	$329,000	$197	52
17852 Howe Ave	0.72mi	2/1.5 (-1)	1,580 (+7%)	2mo	$270,000	$171	46
1823 Evergreen Rd	0.49mi	3/2.0	1,262 (-14%)	5mo	$270,000	$214	45
1214 Ridge Rd	0.55mi	4/2.5 (+1)	1,340 (-9%)	5mo	$107,000	$80	44
18548 Lyn Ct	0.73mi	3/2.5	1,600 (+8%)	4mo	$175,000	$109	42
1913 Birch Rd	0.60mi	4/2.0 (+1)	1,645 (+11%)	4mo	$315,000	$191	40
18521 Homewood Ave	0.69mi	3/2.0	1,304 (-12%)	6mo	$279,000	$214	40
2126 Maple Rd	0.70mi	3/2.0	1,686 (+14%)	2mo	$290,000	$172	38

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: -13.6%
• Equity multiple: 0.51×
• Total profit: $-32,654
• Equity at exit: $35,636

10-year hold

• IRR: -4.5%
• Equity multiple: 0.70×
• Total profit: $-19,936
• Equity at exit: $20,664

Cash invested: $66,920 (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 60430

• Home prices YoY: -32.1%
• Active inventory: 101
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,628 high
• Mortgage (P&I): −$1,253
• Tax from tax record: −$631 /mo · $7,578/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$552
• Net cashflow: $92

Break-even live

Break-even rent $2,512

Max offer price $239,000

Occupancy floor 92%

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1601 183rd St Unit 1237861P Homewood, IL	3.0	1.5	1528	$8,665	$5.67	22d	1	0.35mi
18117 Loomis Ave Homewood, IL	4.0	2.0	1500	$2,800	$1.87	4d	1	0.35mi
1802 Evergreen Rd Homewood, IL	4.0	2.0	1716	$2,836	$1.65	6d	1	0.42mi
2223 Hawthorne Rd Homewood, IL	3.0	2.0	1552	$2,300	$1.48	24d	1	0.86mi
17561 Hillside Ave Homewood, IL	3.0	1.0	1174	$2,300	$1.96	1d	1	0.93mi
17561 Hillside Ave Homewood, IL	3.0	1.0	1174	$2,500	$2.13	16d	1	0.93mi
2420 183rd St Homewood, IL	2.0	1.0	1100	$1,750	$1.59	11d	1	1.00mi
1332 Jamie Ln Homewood, IL	4.0	2.5	1576	$3,171	$2.01	24d	1	1.10mi
2107 171st St Unit 2107 Hazel Crest, IL	3.0	1.5	1158	$2,300	$1.99	1d	1	1.29mi
2173 171st St Hazel Crest, IL	3.0	1.5	1159	$2,350	$2.03	1d	1	1.34mi
705 W Fitzhenry Ct Glenwood, IL	3.0	2.0	1600	$2,950	$1.84	20d	1	1.47mi
705 W Fitzhenry Ct Glenwood, IL	3.0	2.0	1700	$2,950	$1.74	24d	1	1.47mi

Listing history 7 events

1. 2026-06-18
   days on market $239,000 Active 9 DOM
2. 2026-06-17
   days on market $239,000 Active 8 DOM
3. 2026-06-16
   days on market $239,000 Active 7 DOM
4. 2026-06-15
   days on market $239,000 Active 6 DOM
5. 2026-06-13
   days on market $239,000 Active 4 DOM
6. 2026-06-10
   remarks 344-char remark
7. 2026-06-10
   listed $239,000 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: $7,578 · $631/mo
• Projected year-2 tax: $7,578 · $631/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 6/10 Major FEMA zone X (unshaded) · 74% 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 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,533
• − Mortgage interest: −$13,388
• − Property taxes: −$7,578
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,523
• − Management: −$2,523
• − Depreciation: −$6,953
• Taxable loss: −$2,625
• Est. tax savings @ 24.0%: +$630
• After-tax cash flow: $1,728/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: Homewood Flossmoor Chsd 233
• NCES district ID: 1719560
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 27% ▼ -13.00%
• Median HH income: $83,564
• Composite: 24.42/100
• National rank: #7681
• State rank: #272 of 620 in IL

Livability — Homewood

• Score: 81/100
• State rank: #81
• US rank: #1314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homewood, IL
• City population: 19,993
• Population (ZIP): 19,993

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 0.62)
• Race & ethnicity: Black 44% White 42% Hispanic / Latino 9% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 5% Iranian 2% Italian 2%
• Foreign-born: 6% · Canada, Dominican Republic
• Languages at home: 91% English-only · Spanish 5% Russian/Polish/Slavic 1% German/W. Germanic 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: ▼ -105.00%
• Current HPI: 222.2923
• 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

+298.3% since first listed

29 events — show timeline

• 2026-06-10 Listed $239,000 FSBO.com
• 2026-01-24 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-09 Price Changed — MRED as Distributed by MLS Grid
• 2025-11-12 Listed — MRED as Distributed by MLS Grid
• 2025-10-15 Listing Removed — MRED as Distributed by MLS Grid
• 2025-09-13 Price Changed — MRED as Distributed by MLS Grid
• 2025-08-04 Price Changed — MRED as Distributed by MLS Grid
• 2025-07-23 Listed — MRED as Distributed by MLS Grid
• 2021-11-10 Sold (Public Records) $170,000 Public Records
• 2020-09-19 Listing Removed — MRED as Distributed by MLS Grid
• 2020-08-27 Relisted — MRED as Distributed by MLS Grid
• 2020-08-09 Pending — MRED as Distributed by MLS Grid
• 2020-07-22 Price Changed — MRED as Distributed by MLS Grid
• 2020-07-07 Relisted — MRED as Distributed by MLS Grid
• 2020-07-07 Pending — MRED as Distributed by MLS Grid
• 2020-03-30 Listed — MRED as Distributed by MLS Grid
• 2016-11-28 Listing Removed — MRED as Distributed by MLS Grid
• 2016-11-01 Price Changed — MRED as Distributed by MLS Grid
• 2016-10-19 Price Changed — MRED as Distributed by MLS Grid
• 2016-09-29 Listed — MRED as Distributed by MLS Grid
• 2016-06-26 Pending — MRED as Distributed by MLS Grid
• 2016-06-25 Listing Removed — MRED as Distributed by MLS Grid
• 2016-06-24 Price Changed — MRED as Distributed by MLS Grid
• 2016-06-19 Price Changed — MRED as Distributed by MLS Grid
• 2016-06-08 Relisted — MRED as Distributed by MLS Grid
• 2016-05-06 Pending — MRED as Distributed by MLS Grid
• 2016-04-27 Contingent — MRED as Distributed by MLS Grid
• 2016-04-22 Listed — MRED as Distributed by MLS Grid
• 2015-11-27 Sold (Public Records) $60,000 Public Records

Property tax history

+4.3%/yr

Latest (2023): $7,578 · +47.9% YoY. Source: county tax records.