748 Alberta Ave · Oswego, IL 60543

$363,765

2 bd · 2.0 ba · 1,474 sqft · SingleFamily · 20 Days on market

Built 2026 Excellent condition 6,750 sqft lot $247/sqft · 16% below area Est $431k · 16% under $176/mo HOA · 6% of rent

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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).

• ARV discount +14.5/15.0
• Cash flow +7.5/30.0
• Condition / age +5.0/5.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Schools +3.1/10.0
• 1% rule +2.8/10.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 748 Alberta Avenue, Oswego, a beautiful new construction home built by M/I Homes. This 2-story home offers 1,474 square feet of thoughtfully designed living space, featuring 2 bedrooms and 2 bathrooms. Step inside to discover an open-concept living space that creates a seamless flow throughout the main level, ideal for everyday living and entertaining. The kitchen is equipped with GE® stainless steel appliances, adding both style and functionality to the heart of the home. Every detail reflects quality of design, from the well-planned layout to the carefully selected finishes throughout. The owner's bedroom features a private en-suite bathroom, providing a comfortable retreat at the end of the day. A 2nd bedroom offers flexible space for guests, a home office, or additional living needs. This home features: 1,474 square feet of living space 2 bedrooms and 2 bathrooms 2-story layout Open-concept living space GE® stainless steel appliances Owner's bedroom with private en-suite bathroom 2-car garage This home is situated in a welcoming neighborhood with convenient proximity to parks, making it easy to enjoy outdoor recreation and green spaces. The thoughtful design and quality construction make this home an outstanding option for those seeking a well-built, move-in ready home in Oswego. MLS# 12664524

Key facts

• Stylish kitchen
• Flex room
• Owner's suite

Tags

• NEW CONSTRUCTION HOME
• OPEN-CONCEPT LAYOUT
• STYLISH KITCHEN
• GE STAINLESS STEEL APPLIANCES
• FLEX ROOM
• OWNER'S SUITE

Property features AI

Finance

• Other: Directions: From the North - Ogden Ave (Rt 34) to Douglas Rd, south to Wolfs Crossing Rd, west on Wolfs Crossing about 1/4 mile to Piper Glen. From the West - Ogden Ave to Wolfs Crossing Rd, drive east about 1 mile to Piper Glen.
• HOA & community: Monthly association fee of $176 covering lawn care and snow removal; Subdivision: Piper Glen

Exterior

• Parking: Attached garage owned (2 garage spaces); Asphalt driveway; Two total parking spaces
• Utilities: Public sewer; 200+ amp electrical service; Natural gas heating with forced air; Central air conditioning
• Home design: Detached single-family home; One-story (single level); Model: ALDEN-TRS; Fee simple ownership; New construction / under construction
• Construction: Vinyl siding exterior; Asphalt roof; Concrete perimeter foundation; New construction
• Exterior features: Lot dimensions approximately 54 x 125; Less than 0.25-acre lot; School bus service

Interior

• Kitchen: Eating area with table space; Kitchen island; Pantry closet; Range; Microwave; Dishwasher
• Bedrooms: Master bedroom on the main level (15 x 12) with full bath; Second bedroom on the main level (11 x 10); Two additional bedrooms
• Bathrooms: Two full bathrooms; Bathrooms feature separate shower and double sink
• Interior features: Six total rooms; Bonus room on the main level (13 x 10); Open living and family room areas
• Laundry & utility: Main-level laundry (8 x 6); Sump pump; CO detectors

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $364k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-447 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $299k (17.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $284k (21.9% below list).
• Recommended offer: $284k (21.9% below list) — sets the bar for 1% rule.
• Cap rate 4.8% vs local median 3.9% in Oswego — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 81/100 on livability (#83 in IL, #1,366 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F.
• CUSD 308 (suburban): math 29% / reading 34% proficiency, ranked #179 of 620 in IL (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 20% free/reduced lunch — higher-income household profile.
• Zoned schools: Southbury Elem School (math 33% / reading 39%, grade F, #503 of 2,056 statewide, top 25%, 581 students, 0% FRL); Traughber Jr High School (math 25% / reading 31%, grade F, #284 of 665 statewide, top 44%, 1,135 students, 0% FRL); Oswego High School (math 29% / reading 36%, grade F, #152 of 693 statewide, top 22%, 2,901 students, 0% FRL) — zoned schools average 0% FRL vs 20% district-wide (20 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.5%/yr); 300 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 706 units permitted in Kendall County in 2024 (263 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Kendall County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($358k) 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.

Recommended offer $283,968 (21.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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?
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: 0.78% ✗
• Cap rate: 4.82%
• Cash-on-cash: -5.26%
• DSCR: 0.77
• GRM: 10.7

CMA / ARV

• ARV (median comp): $430,660
• List price: $363,765
• Delta: -16.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
739 Alberta Ave	0.06mi	3/2.0 (+1)	1,474 (0%)	0mo	$378,205	$257	92
712 Alberta Ave	0.12mi	2/2.0	1,474 (0%)	9mo	$379,990	$258	86
740 Alberta Ave	0.04mi	2/2.0	1,573 (+7%)	1mo	$390,145	$248	86
708 Alberta Ave	0.14mi	2/2.0	1,474 (0%)	14mo	$379,990	$258	82
714 Alberta Ave	0.20mi	2/2.0	1,474 (0%)	12mo	$379,990	$258	80
730 Alberta Ave	0.15mi	2/2.0	1,573 (+7%)	5mo	$389,990	$248	78
735 Alberta Ave	0.08mi	3/2.0 (+1)	1,573 (+7%)	6mo	$379,990	$242	75
301 Dennis Ln	0.25mi	2/2.0	1,474 (0%)	20mo	$399,990	$271	72
716 Alberta Ave	0.20mi	2/2.0	1,573 (+7%)	13mo	$399,990	$254	69
319 Dennis Ln	0.16mi	2/2.0	1,573 (+7%)	19mo	$399,990	$254	66
456 Bower Ln	0.16mi	3/2.5 (+1)	1,695 (+15%)	12mo	$440,990	$260	51
312 Dennis Ln	0.20mi	2/2.0	1,693 (+15%)	20mo	$445,990	$263	49

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 · 4.47% rent growth · sell at horizon

5-year hold

• IRR: -23.5%
• Equity multiple: 0.19×
• Total profit: $-82,974
• Equity at exit: $54,239

10-year hold

• IRR: -14.4%
• Equity multiple: 0.11×
• Total profit: $-90,242
• Equity at exit: $31,452

Cash invested: $101,854 (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 60543

• Home prices YoY: -30.3%
• Rents YoY: 4.5%
• Active inventory: 300
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,840 high
• Mortgage (P&I): −$1,908
• Tax est. 1.5%: −$455 /mo · $5,456/yr
• Insurance: −$152
• HOA: −$176
• Vacancy / Maint / Mgmt: −$596
• Net cashflow: $-447

Break-even live

Break-even rent $3,405

Max offer price $299,148

Occupancy floor —

Sensitivity live

Price	-10% $-195	-5% $-321	+0% $-447	+5% $-572	+10% $-698
Rent	-10% $-671	-5% $-559	+0% $-447	+5% $-334	+10% $-222
Rate	-1.0pp $-263	-0.5pp $-354	base $-447	+0.5pp $-541	+1.0pp $-637

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: $90,941
• Closing costs: $10,913
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
615 Starling Cir Oswego, IL	1.0–4.0	1.5–2.5	1421	$2,513	$1.77	0d	14	0.64mi
119 Dorset Ave Oswego, IL	3.0	2.5	1559	$2,900	$1.86	45d	1	1.19mi
157 Dorset Ave Oswego, IL	3.0	2.5	1559	$2,751	$1.76	45d	1	1.21mi
501 Vinca Ln Oswego, IL	2.0–3.0	1.5–2.5	1792	$2,500	$1.40	0d	19	1.24mi
182 Dorset Ave Oswego, IL	3.0	2.5	1747	$3,501	$2.00	12d	1	1.27mi
513 Vinca Ln Oswego, IL	3.0	2.0	1609	$3,000	$1.86	45d	1	1.28mi
517 Vinca Ln Oswego, IL	3.0	2.5	1747	$2,900	$1.66	45d	1	1.28mi
519 Vinca Ln Oswego, IL	3.0	2.5	1559	$3,401	$2.18	12d	1	1.29mi
519 Vinca Ln Oswego, IL	3.0	2.5	1559	$2,700	$1.73	45d	1	1.29mi
254 Dorset Ave Oswego, IL	3.0	2.5	1559	$2,651	$1.70	45d	1	1.32mi
279 Dorset Ave Oswego, IL	3.0	2.0	1609	$4,000	$2.49	12d	1	1.34mi

HOA detail

• Monthly dues: $176 · $2,112/yr

Listing history 21 events

1. 2026-06-21
   days on market $363,765 Active 20 DOM
2. 2026-06-18
   days on market $363,765 Active 17 DOM
3. 2026-06-17
   days on market $363,765 Active 16 DOM
4. 2026-06-16
   days on market $363,765 Active 15 DOM
5. 2026-06-15
   price $363,765 Active 14 DOM
6. 2026-06-15
   days on market $361,756 Active 14 DOM
7. 2026-06-13
   days on market $361,756 Active 12 DOM
8. 2026-06-09
   days on market $361,756 Active 8 DOM
9. 2026-06-08
   days on market $361,756 Active 7 DOM
10. 2026-06-07
    days on market $361,756 Active 6 DOM
11. 2026-06-04
    days on market $361,756 Active 3 DOM
12. 2026-06-03
    days on market $361,756 Active 2 DOM
13. 2026-06-02
    days on marketlisting id $361,756 Active 1 DOM
14. 2026-06-01
    days on market $361,756 Active 142 DOM
15. 2026-05-31
    days on market $361,756 Active 141 DOM
16. 2026-05-08
    price $361,756 1230-char remark
17. 2026-05-01
    price $451,765 1230-char remark
18. 2026-04-01
    price $419,020 1230-char remark
19. 2026-02-27
    price $418,020 1230-char remark
20. 2026-02-12
    price $417,020 1230-char remark
21. 2026-01-10
    listed $459,020 Active 1230-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $34,076
• − Mortgage interest: −$20,376
• − Property taxes: −$5,456
• − Insurance: −$1,819
• − Repairs & maintenance: −$2,726
• − Management: −$2,726
• − HOA: −$2,112
• − Depreciation: −$10,582
• Taxable loss: −$11,722
• Est. tax savings @ 24.0%: +$2,813
• After-tax cash flow: $-2,545/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.

Condition & rehab AI · 12 photos

Excellent 100/100 None rehab

This single-story home in Oswego, IL, is in excellent condition with modern design and quality craftsmanship. It offers a great opportunity for a buyer looking for a move-in-ready property.

Value-add opportunities

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics
• Both Lighting — Upgrading lighting fixtures can improve the home's ambiance and energy efficiency
• Both Flooring — Replacing worn-out flooring can increase the home's value and appeal
• Both Kitchen Appliances — Upgrading to more modern or energy-efficient appliances can increase the home's value and appeal
• Both Bathroom Fixtures — Upgrading to more modern or energy-efficient fixtures can increase the home's value and appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Lighting — Upgrading lighting fixtures can improve the home's ambiance and energy efficiency ↑
• Both Flooring — Replacing worn-out flooring can increase the home's value and appeal ↑
• Both Kitchen Appliances — Upgrading to more modern or energy-efficient appliances can increase the home's value and appeal ↑
• Both Bathroom Fixtures — Upgrading to more modern or energy-efficient fixtures can increase the home's value and appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: CUSD 308
• NCES district ID: 1730270
• Math proficiency: 29% ▼ -10.00%
• Reading proficiency: 34% ▼ -9.00%
• Median HH income: $89,945
• Composite: 31.25/100
• National rank: #6028
• State rank: #179 of 620 in IL

Livability — Oswego

• Score: 81/100
• State rank: #83
• US rank: #1366

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Kendall County · 71,842 people
• City population: 43,047
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 43,047
• Household income: $119,371
• Rent vs Own: 13.4% rent · 86.6% own
• Severe rent burden: 317.0

Population outlook (Kendall County) Hauer SSP2

• Today (2025): 138,283 people
• By 2030: 144,935 · +4.8%
• By 2040: 156,944 · +13.5%
• By 2050: 165,424 · +19.6%
• By 2075: 174,715 · +26.3%
• By 2100: 168,523 · +21.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 18% Two or more races 13% Black 10% Asian 4%
• Hispanic origin (detail): Mexican 14% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 2% Italian 2%
• Foreign-born: 13% · Canada
• Languages at home: 79% English-only · Spanish 14% Other Indo-European 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Kendall

• 2024 margin: Toss-up / Even · D 50.0% · R 48.5% · Other 1.6%
• 2008→2024 swing: -5.7pp toward R · 2008: 7.2pp · 2024: 1.5pp
• All cycles: 2024: D+1.5 2020: D+5.7 2016: R+1.5 2012: R+4.1 2008: D+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.42%
• Current HPI: 210.3944
• Rent YoY: ▲ 4.47%
• 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

+0.6% since first listed

10 events — show timeline

• 2026-06-15 Price Changed $363,765 MRED as Distributed by MLS Grid
• 2026-06-10 Listed $363,765 Zillow
• 2026-06-01 Listing Removed — MRED as Distributed by MLS Grid
• 2026-06-01 Listed $361,756 MRED as Distributed by MLS Grid
• 2026-05-08 Price Changed — MRED as Distributed by MLS Grid
• 2026-05-01 Price Changed — MRED as Distributed by MLS Grid
• 2026-04-01 Price Changed — MRED as Distributed by MLS Grid
• 2026-02-27 Price Changed — MRED as Distributed by MLS Grid
• 2026-02-12 Price Changed — MRED as Distributed by MLS Grid
• 2026-01-10 Listed — MRED as Distributed by MLS Grid