513 E Liberty Dr · Wheaton, IL 60187

$299,000

2 bd · 1.0 ba · 746 sqft · SingleFamily public records · 17 Days on market

Built 1900 8,580 sqft lot Est $307k · at est.

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Why this score? — see what drove the C 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 +22.3/30.0
• ARV discount +8.6/15.0
• DSCR +7.1/10.0
• 1% rule +5.5/10.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

There are no remarks available.

Key facts

• New construction
• Meets village code
• 8,580 sq ft lot

Tags

• NEW CONSTRUCTION
• MEETS VILLAGE CODE

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (1 garage space, 1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Home is over 100 years old; Built before 1978
• Construction: Vinyl siding construction
• Exterior features: Vinyl siding; Lot dimensions roughly 65 x 132

Interior

• Kitchen: Main-level kitchen (approximately 9 x 10)
• Bedrooms: Master bedroom on main level (approximately 10 x 12); Second bedroom on main level (approximately 10 x 10)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Five total rooms; Unfinished full basement
• Laundry & utility: Main-level laundry room (approximately 5 x 5)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $492 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $299k).
• Recommended offer: $295k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 3.7% in Wheaton — 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 86/100 on livability (#17 in IL, #374 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities D+, health & safety D+, cost of living F.
• CUSD 200 (suburban): math 43% / reading 44% proficiency, ranked #78 of 620 in IL (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lowell Elem School (math 47% / reading 47%, grade D-, #219 of 2,056 statewide, top 12%, 257 students, 0% FRL); Franklin Middle School (math 38% / reading 49%, grade D, #101 of 665 statewide, top 16%, 575 students, 0% FRL) — zoned schools average 0% FRL vs 23% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.6%/yr); 45 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,378 units permitted in DuPage County in 2024 (594 in 5+ unit buildings).
• This rent runs 32% of the median local income ($120k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $238k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $294,515 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.05% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.05%
• DSCR: 1.31
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $306,606
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
409 S Hale St	0.53mi	2/1.0	750 (+0%)	5mo	$275,000	$367	70
131 N Hale St Unit A	0.51mi	2/1.0	728 (-2%)	20mo	$500,000	$687	55
131 S Blanchard St	0.56mi	2/1.0	840 (+13%)	13mo	$345,000	$411	42

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 · 4.56% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-12,083
• Equity at exit: $44,582

10-year hold

• IRR: 7.6%
• Equity multiple: 1.61×
• Total profit: $51,146
• Equity at exit: $25,852

Cash invested: $83,720 (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 60187

• Rents YoY: 4.6%
• Active inventory: 45
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $3,153 medium
• Mortgage (P&I): −$1,568
• Tax from tax record: −$307 /mo · $3,678/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$662
• Net cashflow: $492

Break-even live

Break-even rent $2,531

Max offer price $299,000

Occupancy floor 79%

Sensitivity live

Price	-10% $661	-5% $577	+0% $492	+5% $407	+10% $323
Rent	-10% $243	-5% $367	+0% $492	+5% $617	+10% $741
Rate	-1.0pp $643	-0.5pp $568	base $492	+0.5pp $415	+1.0pp $336

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
250 S Naperville Rd Wheaton, IL	3.0	1.0–2.0	1061	$4,073	$3.84	25d	16	0.29mi
250 S Naperville Rd Wheaton, IL	3.0	1.0–2.0	1061	$4,063	$3.83	0d	10	0.29mi
121 N Cross St Wheaton, IL	2.0	1.0–2.0	831	$2,837	$3.41	0d	16	0.33mi

Listing history 18 events

1. 2026-06-21
   days on market $299,000 Active 17 DOM
2. 2026-06-18
   days on market $299,000 Active 14 DOM
3. 2026-06-17
   days on market $299,000 Active 13 DOM
4. 2026-06-16
   days on market $299,000 Active 12 DOM
5. 2026-06-15
   days on market $299,000 Active 11 DOM
6. 2026-06-13
   days on market $299,000 Active 9 DOM
7. 2026-06-13
   days on market $299,000 Active 8 DOM
8. 2026-06-09
   days on market $299,000 Active 5 DOM
9. 2026-06-08
   days on market $299,000 Active 4 DOM
10. 2026-06-07
    pricedays on marketlisting id $299,000 Active 3 DOM
11. 2026-06-04
    days on market $349,900 Active 15 DOM

    Show marketing remark (31 chars)

    There are no remarks available.

12. 2026-06-03
    days on market $349,900 Active 14 DOM
13. 2026-06-02
    days on market $349,900 Active 13 DOM
14. 2026-06-01
    days on market $349,900 Active 12 DOM
15. 2026-05-31
    days on market $349,900 Active 11 DOM
16. 2026-05-20
    listed $349,900 Active
17. 2026-04-23
    soldstatus $237,500
18. 1991-11-18
    soldstatus $70,000

ⓘ 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: $3,678 · $307/mo
• Projected year-2 tax: $5,233 · $436/mo
• Expected delta: +$1,554/yr (+$130/mo · 42.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 14 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: $37,839
• − Mortgage interest: −$16,749
• − Property taxes: −$3,678
• − Insurance: −$1,495
• − Repairs & maintenance: −$3,027
• − Management: −$3,027
• − Depreciation: −$8,698
• Taxable income: $1,165
• Est. tax owed @ 24.0%: −$280
• After-tax cash flow: $5,624/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: CUSD 200
• NCES district ID: 1742180
• Math proficiency: 43% ▼ -6.00%
• Reading proficiency: 44% ▼ -8.00%
• Median HH income: $85,077
• Composite: 40.75/100
• National rank: #3653
• State rank: #78 of 620 in IL

Livability — Wheaton

• Score: 86/100
• State rank: #17
• US rank: #374

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wheaton, IL
• County: DuPage County · 904,569 people
• City population: 59,857
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 28,815
• Household income: $119,769
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 595.0

Population outlook (DuPage County) Hauer SSP2

• Today (2025): 960,187 people
• By 2030: 965,850 · +0.6%
• By 2040: 965,812 · +0.6%
• By 2050: 954,890 · -0.6%
• By 2075: 910,185 · -5.2%
• By 2100: 816,255 · -15.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 8% Two or more races 8% Asian 7% Black 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Romanian 7% Italian 3% Portuguese 3%
• Foreign-born: 9% · Canada, Philippines, China
• Languages at home: 87% English-only · Spanish 5% Other Indo-European 2% Other Asian/Pacific 2%

Political lean MEDSL · DuPage

• 2024 margin: D (+13.3) · D 55.9% · R 42.5% · Other 1.6%
• 2008→2024 swing: +2.5pp toward D · 2008: 10.8pp · 2024: 13.3pp
• All cycles: 2024: D+13.3 2020: D+18.1 2016: D+14.1 2012: D+1.0 2008: D+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -325.18%
• Current HPI: 199.0585
• Rent YoY: ▲ 4.56%
• 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

+327.1% since first listed

6 events — show timeline

• 2026-06-04 Listed $299,000 MRED as Distributed by MLS Grid
• 2026-06-04 Listed $299,000 MRED as Distributed by MLS Grid
• 2026-06-04 Listing Removed — MRED as Distributed by MLS Grid
• 2026-05-20 Listed — MRED as Distributed by MLS Grid
• 2026-04-23 Sold (Public Records) $237,500 Public Records
• 1991-11-18 Sold (Public Records) $70,000 Public Records

Property tax history

+1.5%/yr

Latest (2024): $3,678 · +6.2% YoY. Source: county tax records.