1481 Lincoln Ave · Calumet City, IL 60409

$139,900

3 bd · 1.0 ba · 1,185 sqft · SingleFamily public records · 15 Days on market

Built 1951 4,878 sqft lot Est $181k · 23% 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 +26.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +7.0/10.0
• 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

Charming Cape Cod featuring 3 bedrooms and a full basement! Bright, airy living room boasts large windows, while the kitchen shines with espresso raised-panel cabinets and brushed nickel hardware. Neutral tones throughout, with white trim and doors, create a fresh, move-in-ready feel. The full basement is a blank canvas-perfect for entertaining, a home gym, or extra storage. Enjoy a 2-car garage, fenced backyard, and concrete patio, ideal for outdoor gatherings. Roof replaced in 2018. Don't miss out-schedule your showing today!

Key facts

• Full basement
• Concrete patio
• Fenced backyard

Tags

• FULL BASEMENT
• FENCED BACKYARD
• CONCRETE PATIO

Property features AI

Finance

• Other: Lot dimensions approximately 40 x 122; Lot is less than 0.25 acre; Living area reported as estimated; Subdivision: Gold Coast; Located in Calumet City (Thornton Township)
• HOA & community: No master association fee required; Community features include park access

Exterior

• Parking: Detached garage (owned) accessed off alley; 2 garage spaces, 2 total parking spaces
• Security: Carbon monoxide detectors
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership; Rehab completed in 2019; Property age approximately 71–80 years
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built before 1978
• Exterior features: Patio; Fenced yard; Commuter bus access; Nearby interstate access; Flood zone (property in a flood zone); Curbs, sidewalks and paved streets

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Master bedroom on second floor (16 x 13); Second bedroom on second floor (16 x 10); Third bedroom on main level (11 x 10)
• Flooring: Hardwood flooring
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced air heating; Wall cooling units
• Interior features: First-floor bedroom; First-floor full bathroom; 6 total rooms; Unfinished full basement
• Laundry & utility: Laundry in basement (13 x 13); Gas dryer hookup; Laundry sink; In-unit laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $364 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.

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; 16 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 $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 17y 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 $27k; list at $140k implies a 427% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1951 — 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: 1.20% ✓
• Cap rate: 9.41%
• Cash-on-cash: 11.14%
• DSCR: 1.50
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $181,305
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1531 Lincoln Ave	0.12mi	3/1.0	1,109 (-6%)	1mo	$170,000	$153	83
116 163rd St	0.29mi	3/1.0	1,125 (-5%)	1mo	$61,500	$55	77
35 166th Pl	0.36mi	4/1.0 (+1)	1,217 (+3%)	1mo	$149,500	$123	73
1374 Kenilworth Dr	0.31mi	3/2.0	1,111 (-6%)	0mo	$138,000	$124	71
43 162nd Pl	0.36mi	3/2.5	1,135 (-4%)	0mo	$159,000	$140	70
1382 Burnham Ave	0.47mi	3/1.5	1,147 (-3%)	1mo	$105,000	$92	70
3351 171st St	0.44mi	3/1.5	1,231 (+4%)	1mo	$219,900	$179	70
1636 State Line Rd	0.51mi	3/3.0	1,084 (-8%)	2mo	$241,000	$222	53
6516 Lyman Ave	0.73mi	3/1.0	1,095 (-8%)	1mo	$150,000	$137	53
1263 Mackinaw Ave	0.73mi	3/1.5	1,102 (-7%)	1mo	$175,900	$160	51
17204 Bernadine St	0.54mi	3/2.0	1,340 (+13%)	1mo	$234,000	$175	48
17115 Park Ave	0.72mi	3/1.0	1,030 (-13%)	2mo	$179,999	$175	43

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: 3.9%
• Equity multiple: 1.15×
• Total profit: $6,056
• Equity at exit: $20,860

10-year hold

• IRR: 16.2%
• Equity multiple: 2.52×
• Total profit: $59,469
• Equity at exit: $12,096

Cash invested: $39,172 (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 60409

• Home prices YoY: -27.6%
• Rents YoY: 6.2%
• Active inventory: 198
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,684 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,098/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $364

Break-even live

Break-even rent $1,224

Max offer price $139,900

Occupancy floor 73%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1539 Wentworth Ave Unit 3W Calumet City, IL	3.0	1.0	1100	$1,700	$1.55	12d	1	0.20mi
1338 Wentworth Ave Unit 1338 Calumet City, IL	2.0	1.0	800	$1,430	$1.79	24d	1	0.34mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	7d	1	0.45mi
3649 173rd Ct Lansing, IL	2.0	2.0	972	$1,357	$1.40	24d	1	0.84mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	16d	1	0.93mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	24d	1	0.93mi
3069 Bernice Rd Apt 2N Lansing, IL	3.0	1.0	950	$1,535	$1.62	20d	1	0.98mi
3069 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	950	$1,535	$1.62	2d	1	0.98mi
3023 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	1000	$1,600	$1.60	1d	1	1.02mi
34 Elizabeth St Calumet City, IL	3.0	1.0	1246	$2,400	$1.93	1d	1	1.02mi
3 Waltham St Hammond, IN	3.0	1.0	1200	$1,095	$0.91	24d	1	1.11mi
5 Ruth St Unit 2W Hammond, IN	2.0	1.0	900	$1,250	$1.39	12d	1	1.16mi
3 Ruth St Hammond, IN	2.0	1.0	900	$1,250	$1.39	24d	1	1.16mi
115 157th St Unit 3 Calumet City, IL	3.0	1.0	800	$1,350	$1.69	24d	1	1.34mi
3020 178th St Unit C1 Lansing, IL	2.0	1.0	900	$1,550	$1.72	1d	1	1.43mi
3020 178th St Apt C7 Lansing, IL	2.0	1.0	900	$1,550	$1.72	24d	1	1.43mi

Listing history 50 events

1. 2026-06-17
   days on market $139,900 Active 15 DOM
2. 2026-06-16
   days on market $139,900 Active 14 DOM
3. 2026-06-15
   days on market $139,900 Active 13 DOM
4. 2026-06-13
   days on market $139,900 Active 11 DOM
5. 2026-06-09
   days on market $139,900 Active 7 DOM
6. 2026-06-08
   days on market $139,900 Active 6 DOM
7. 2026-06-07
   days on market $139,900 Active 5 DOM
8. 2026-06-04
   days on market $139,900 Active 2 DOM
9. 2026-06-02
   days on marketlisting id $139,900 Active 1 DOM
10. 2026-06-01
    days on market $139,900 Active 111 DOM
11. 2026-05-31
    days on market $139,900 Active 110 DOM
12. 2026-02-10
    listed $139,900 Active
13. 2026-02-10
    historical
14. 2026-01-15
    listed Active
15. 2026-01-15
    historical
16. 2025-12-16
    listed Active
17. 2025-12-16
    historical
18. 2025-11-24
    listed Active
19. 2025-11-24
    historical
20. 2025-11-10
    listed Active
21. 2025-11-10
    historical
22. 2025-10-27
    listed Active
23. 2025-10-27
    historical
24. 2025-10-06
    listed Active
25. 2025-10-05
    historical $2,000
26. 2025-09-18
    listed $2,000
27. 2019-07-02
    historical
28. 2019-05-15
    price
29. 2019-03-25
    price
30. 2019-01-14
    listed New
31. 2010-08-27
    soldstatus $26,559 Closed Sale
32. 2010-06-10
    status Pending
33. 2010-06-10
    historical
34. 2010-05-28
    status Reactivated
35. 2010-05-06
    status Pending
36. 2010-04-23
    price $41,760 Reactivated
37. 2010-04-23
    status Reactivated
38. 2010-04-08
    status Pending
39. 2010-03-26
    status Reactivated
40. 2010-03-18
    status Pending
41. 2010-01-08
    price $46,400 Reactivated
42. 2010-01-08
    status Reactivated
43. 2009-12-17
    status Pending
44. 2009-11-06
    price $52,200 Reactivated
45. 2009-11-06
    status Reactivated
46. 2009-10-22
    status Pending
47. 2009-10-09
    price $55,100 Price Change
48. 2009-09-04
    listed $58,000 New
49. 1997-03-26
    soldstatus $76,000
50. 1991-07-01
    soldstatus $63,000

ⓘ 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 5/10 Major FEMA zone X (shaded) · 24% 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: $20,209
• − Mortgage interest: −$7,837
• − Property taxes: −$2,098
• − Insurance: −$700
• − Repairs & maintenance: −$1,617
• − Management: −$1,617
• − Depreciation: −$4,070
• Taxable income: $2,271
• Est. tax owed @ 24.0%: −$545
• After-tax cash flow: $3,818/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

+207.5% since first listed

41 events — show timeline

• 2026-02-10 Listing Removed — MRED as Distributed by MLS Grid
• 2026-02-10 Listed $139,900 MRED as Distributed by MLS Grid
• 2026-01-15 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-15 Listed — MRED as Distributed by MLS Grid
• 2025-12-16 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-16 Listed — MRED as Distributed by MLS Grid
• 2025-11-24 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-24 Listed — MRED as Distributed by MLS Grid
• 2025-11-10 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-10 Listed — MRED as Distributed by MLS Grid
• 2025-10-27 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-27 Listed — MRED as Distributed by MLS Grid
• 2025-10-06 Listed — MRED as Distributed by MLS Grid
• 2025-10-05 Rental Removed $2,000 RENTSPREE
• 2025-09-18 Listed for Rent $2,000 RENTSPREE
• 2019-07-02 Listing Removed — MRED as Distributed by MLS Grid
• 2019-05-15 Price Changed — MRED as Distributed by MLS Grid
• 2019-03-25 Price Changed — MRED as Distributed by MLS Grid
• 2019-01-14 Listed — MRED as Distributed by MLS Grid
• 2010-08-27 Sold (MLS) $26,559 MRED as Distributed by MLS Grid
• 2010-06-10 Pending — MRED as Distributed by MLS Grid
• 2010-06-10 Listing Removed — MRED as Distributed by MLS Grid
• 2010-05-28 Relisted — MRED as Distributed by MLS Grid
• 2010-05-06 Pending — MRED as Distributed by MLS Grid
• 2010-04-23 Relisted — MRED as Distributed by MLS Grid
• 2010-04-23 Price Changed $41,760 MRED as Distributed by MLS Grid
• 2010-04-08 Pending — MRED as Distributed by MLS Grid
• 2010-03-26 Relisted — MRED as Distributed by MLS Grid
• 2010-03-18 Pending — MRED as Distributed by MLS Grid
• 2010-01-08 Relisted — MRED as Distributed by MLS Grid
• 2010-01-08 Price Changed $46,400 MRED as Distributed by MLS Grid
• 2009-12-17 Pending — MRED as Distributed by MLS Grid
• 2009-11-06 Relisted — MRED as Distributed by MLS Grid
• 2009-11-06 Price Changed $52,200 MRED as Distributed by MLS Grid
• 2009-10-22 Pending — MRED as Distributed by MLS Grid
• 2009-10-09 Price Changed $55,100 MRED as Distributed by MLS Grid
• 2009-09-04 Listed $58,000 MRED as Distributed by MLS Grid
• 1997-03-26 Sold (Public Records) $76,000 Public Records
• 1991-07-01 Sold (Public Records) $63,000 Public Records
• 1988-05-18 Sold (Public Records) $53,500 Public Records
• 1978-09-11 Sold (Public Records) $45,500 Public Records

Property tax history

+8.5%/yr

Latest (2023): $7,892 · +59.2% YoY. Source: county tax records.