1377 Greenbay Ave · Calumet City, IL 60409

$109,900

3 bd · 1.5 ba · 1,147 sqft · SingleFamily public records · 16 Days on market

Built 1961 4,791 sqft lot Est $161k · 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 MLS

**Own this home for less than rent *** This is a beautiful ranch home in move-in condition. No basement, no stairs. Low maintenance and low utilites. This lovely home features 3 bedrooms, two bathrooms. The living room and modern kitchen is spacious and perfect for entertaining. There is a large fenced yard and a two-car garage. PERFECT for a savvy investor - Market Rate Rent is 1600 but the mortgage will SAVE you sooooooo much money. Pack and move...PRICED TO SELL FAST! If you are looking for your next investment property or you are a smart, and savvy homeowner who wants to build instant equity in a quiet gem of a neighborhood with a quick commute to/from downtown or that is easily accessible on public transportation with caring neighbors in an established community - this is your house! Note: There is a security system with live feed video/active alarms. All viewings must be approved. Only preapproved or cash buyers accompanied by an agent should enter; schedule your exclusive showing today. Be sure to check out the floorplan, and bring your measuring tape so you know where to place the furniture before you get there... #LetsCLOSE

Key facts

• 4,791 sq ft lot
• 2 garage spots
• Listed 16 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $562 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.4% 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; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 36% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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.

Recommended offer $108,251 (1.5% below list)

Questions for the listing agent

1. Built in 1961 — 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. 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?
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: 1.52% ✓
• Cap rate: 12.42%
• Cash-on-cash: 21.90%
• DSCR: 1.97
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $160,580
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1382 Burnham Ave	0.03mi	3/1.5	1,147 (0%)	1mo	$105,000	$92	98
910 163rd St	0.35mi	3/1.5	1,160 (+1%)	1mo	$150,000	$129	81
1263 Mackinaw Ave	0.28mi	3/1.5	1,102 (-4%)	1mo	$175,900	$160	79
1394 Forest Pl	0.40mi	3/1.0	1,147 (0%)	2mo	$81,000	$71	78
1216 Balmoral Ave	0.56mi	3/1.5	1,177 (+3%)	0mo	$135,000	$115	69
1531 Lincoln Ave	0.58mi	3/1.0	1,109 (-3%)	1mo	$170,000	$153	65
1374 Kenilworth Dr	0.60mi	3/2.0	1,111 (-3%)	0mo	$138,000	$124	64
116 163rd St	0.63mi	3/1.0	1,125 (-2%)	1mo	$61,500	$55	64
1261 Balmoral Ave	0.45mi	3/1.5	1,055 (-8%)	2mo	$172,000	$163	64
43 162nd Pl	0.69mi	3/2.5	1,135 (-1%)	0mo	$159,000	$140	62
3351 171st St	0.72mi	3/1.5	1,231 (+7%)	1mo	$219,900	$179	53
17115 Park Ave	0.72mi	3/1.0	1,030 (-10%)	2mo	$179,999	$175	46

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: 18.1%
• Equity multiple: 1.76×
• Total profit: $23,485
• Equity at exit: $16,386

10-year hold

• IRR: 28.7%
• Equity multiple: 3.95×
• Total profit: $90,708
• Equity at exit: $9,502

Cash invested: $30,772 (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: 5.5×

Monthly cashflow live

• Estimated rent: $1,672 high
• Mortgage (P&I): −$576
• Tax est. 1.5%: −$137 /mo · $1,648/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $562

Break-even live

Break-even rent $961

Max offer price $109,900

Occupancy floor 61%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	7d	1	0.24mi
1338 Wentworth Ave Unit 1338 Calumet City, IL	2.0	1.0	800	$1,430	$1.79	24d	1	0.51mi
1539 Wentworth Ave Unit 3W Calumet City, IL	3.0	1.0	1100	$1,700	$1.55	12d	1	0.69mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	1d	1	0.98mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	24d	1	1.10mi
3069 Bernice Rd Apt 2N Lansing, IL	3.0	1.0	950	$1,535	$1.62	20d	1	1.11mi
3069 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	950	$1,535	$1.62	3d	1	1.11mi
3023 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	1000	$1,600	$1.60	1d	1	1.12mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	12d	1	1.13mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	24d	1	1.14mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	17d	1	1.18mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	24d	1	1.18mi
115 157th St Unit 3 Calumet City, IL	3.0	1.0	800	$1,350	$1.69	24d	1	1.21mi
3649 173rd Ct Lansing, IL	2.0	2.0	972	$1,357	$1.40	24d	1	1.28mi

Listing history 14 events

1. 2026-04-01
   status Pending
2. 2026-03-16
   listed $109,900 Active
3. 2023-02-17
   soldstatus $137,500
4. 2023-01-25
   soldstatus $137,250 Closed 1155-char remark

   Show marketing remark (1155 chars)

   **Own this home for less than rent *** This is a beautiful ranch home in move-in condition. No basement, no stairs. Low maintenance and low utilites. This lovely home features 3 bedrooms, two bathrooms. The living room and modern kitchen is spacious and perfect for entertaining. There is a large fenced yard and a two-car garage. PERFECT for a savvy investor - Market Rate Rent is 1600 but the mortgage will SAVE you sooooooo much money. Pack and move...PRICED TO SELL FAST! If you are looking for your next investment property or you are a smart, and savvy homeowner who wants to build instant equity in a quiet gem of a neighborhood with a quick commute to/from downtown or that is easily accessible on public transportation with caring neighbors in an established community - this is your house! Note: There is a security system with live feed video/active alarms. All viewings must be approved. Only preapproved or cash buyers accompanied by an agent should enter; schedule your exclusive showing today. Be sure to check out the floorplan, and bring your measuring tape so you know where to place the furniture before you get there... #LetsCLOSE

5. 2022-12-08
   historical Contingent - No Showings 1155-char remark

   Show marketing remark (1155 chars)

   **Own this home for less than rent *** This is a beautiful ranch home in move-in condition. No basement, no stairs. Low maintenance and low utilites. This lovely home features 3 bedrooms, two bathrooms. The living room and modern kitchen is spacious and perfect for entertaining. There is a large fenced yard and a two-car garage. PERFECT for a savvy investor - Market Rate Rent is 1600 but the mortgage will SAVE you sooooooo much money. Pack and move...PRICED TO SELL FAST! If you are looking for your next investment property or you are a smart, and savvy homeowner who wants to build instant equity in a quiet gem of a neighborhood with a quick commute to/from downtown or that is easily accessible on public transportation with caring neighbors in an established community - this is your house! Note: There is a security system with live feed video/active alarms. All viewings must be approved. Only preapproved or cash buyers accompanied by an agent should enter; schedule your exclusive showing today. Be sure to check out the floorplan, and bring your measuring tape so you know where to place the furniture before you get there... #LetsCLOSE

6. 2022-12-02
   price $135,000 1155-char remark

   Show marketing remark (1155 chars)

   **Own this home for less than rent *** This is a beautiful ranch home in move-in condition. No basement, no stairs. Low maintenance and low utilites. This lovely home features 3 bedrooms, two bathrooms. The living room and modern kitchen is spacious and perfect for entertaining. There is a large fenced yard and a two-car garage. PERFECT for a savvy investor - Market Rate Rent is 1600 but the mortgage will SAVE you sooooooo much money. Pack and move...PRICED TO SELL FAST! If you are looking for your next investment property or you are a smart, and savvy homeowner who wants to build instant equity in a quiet gem of a neighborhood with a quick commute to/from downtown or that is easily accessible on public transportation with caring neighbors in an established community - this is your house! Note: There is a security system with live feed video/active alarms. All viewings must be approved. Only preapproved or cash buyers accompanied by an agent should enter; schedule your exclusive showing today. Be sure to check out the floorplan, and bring your measuring tape so you know where to place the furniture before you get there... #LetsCLOSE

7. 2022-11-15
   price $147,500 1155-char remark

   Show marketing remark (1155 chars)

   **Own this home for less than rent *** This is a beautiful ranch home in move-in condition. No basement, no stairs. Low maintenance and low utilites. This lovely home features 3 bedrooms, two bathrooms. The living room and modern kitchen is spacious and perfect for entertaining. There is a large fenced yard and a two-car garage. PERFECT for a savvy investor - Market Rate Rent is 1600 but the mortgage will SAVE you sooooooo much money. Pack and move...PRICED TO SELL FAST! If you are looking for your next investment property or you are a smart, and savvy homeowner who wants to build instant equity in a quiet gem of a neighborhood with a quick commute to/from downtown or that is easily accessible on public transportation with caring neighbors in an established community - this is your house! Note: There is a security system with live feed video/active alarms. All viewings must be approved. Only preapproved or cash buyers accompanied by an agent should enter; schedule your exclusive showing today. Be sure to check out the floorplan, and bring your measuring tape so you know where to place the furniture before you get there... #LetsCLOSE

8. 2022-11-01
   listed $150,000 Active 1155-char remark

   Show marketing remark (1155 chars)

   **Own this home for less than rent *** This is a beautiful ranch home in move-in condition. No basement, no stairs. Low maintenance and low utilites. This lovely home features 3 bedrooms, two bathrooms. The living room and modern kitchen is spacious and perfect for entertaining. There is a large fenced yard and a two-car garage. PERFECT for a savvy investor - Market Rate Rent is 1600 but the mortgage will SAVE you sooooooo much money. Pack and move...PRICED TO SELL FAST! If you are looking for your next investment property or you are a smart, and savvy homeowner who wants to build instant equity in a quiet gem of a neighborhood with a quick commute to/from downtown or that is easily accessible on public transportation with caring neighbors in an established community - this is your house! Note: There is a security system with live feed video/active alarms. All viewings must be approved. Only preapproved or cash buyers accompanied by an agent should enter; schedule your exclusive showing today. Be sure to check out the floorplan, and bring your measuring tape so you know where to place the furniture before you get there... #LetsCLOSE

9. 2015-06-19
   soldstatus $46,900 Closed Sale 254-char remark

   Show marketing remark (254 chars)

   This cute Ranch features new carpeting, appliances, tasteful neutral color scheme, and a detached 2 car garage. Not much to be done, make your offer today. See attachment for PAS requirements and WFHM offer submittal information in MLS document section

10. 2015-04-21
    status Pending 254-char remark

    Show marketing remark (254 chars)

    This cute Ranch features new carpeting, appliances, tasteful neutral color scheme, and a detached 2 car garage. Not much to be done, make your offer today. See attachment for PAS requirements and WFHM offer submittal information in MLS document section

11. 2015-04-15
    historical 254-char remark

    Show marketing remark (254 chars)

    This cute Ranch features new carpeting, appliances, tasteful neutral color scheme, and a detached 2 car garage. Not much to be done, make your offer today. See attachment for PAS requirements and WFHM offer submittal information in MLS document section

12. 2015-03-25
    listed $44,900 New 254-char remark

    Show marketing remark (254 chars)

    This cute Ranch features new carpeting, appliances, tasteful neutral color scheme, and a detached 2 car garage. Not much to be done, make your offer today. See attachment for PAS requirements and WFHM offer submittal information in MLS document section

13. 2002-11-07
    soldstatus $90,000
14. 1979-06-11
    soldstatus $47,000

ⓘ 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 (shaded) · 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
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,067
• − Mortgage interest: −$6,156
• − Property taxes: −$1,648
• − Insurance: −$550
• − Repairs & maintenance: −$1,605
• − Management: −$1,605
• − Depreciation: −$3,197
• Taxable income: $5,305
• Est. tax owed @ 24.0%: −$1,273
• After-tax cash flow: $5,465/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

+133.8% since first listed

14 events — show timeline

• 2026-04-01 Pending — MRED as Distributed by MLS Grid
• 2026-03-16 Listed $109,900 MRED as Distributed by MLS Grid
• 2023-02-17 Sold (Public Records) $137,500 Public Records
• 2023-01-25 Sold (MLS) $137,250 MRED as Distributed by MLS Grid
• 2022-12-08 Contingent — MRED as Distributed by MLS Grid
• 2022-12-02 Price Changed $135,000 MRED as Distributed by MLS Grid
• 2022-11-15 Price Changed $147,500 MRED as Distributed by MLS Grid
• 2022-11-01 Listed $150,000 MRED as Distributed by MLS Grid
• 2015-06-19 Sold (MLS) $46,900 MRED as Distributed by MLS Grid
• 2015-04-21 Pending — MRED as Distributed by MLS Grid
• 2015-04-15 Listing Removed — MRED as Distributed by MLS Grid
• 2015-03-25 Listed $44,900 MRED as Distributed by MLS Grid
• 2002-11-07 Sold (Public Records) $90,000 Public Records
• 1979-06-11 Sold (Public Records) $47,000 Public Records

Property tax history

+5.5%/yr

Latest (2023): $5,711 · +92.7% YoY. Source: county tax records.