Can a three-bedroom Chicago rental listed below $100,000 produce dependable cash flow? In the 10931 S State St video walkthrough, Jamm K. demonstrates a quick screening process and tests $1,300 and $2,000 monthly rent scenarios.

The video is useful as a first-pass screen, but an asking price and an online rent range do not make a finished deal. The sale listing reviewed for this article does not document a current tenant, signed lease, or existing rent. The upper rent case is therefore a projection—not income the property is already producing.

When checked on October 14, 2026, multiple MLS-derived listing pages, including Redfin, Zillow, and Coldwell Banker, displayed an active asking price of $94,900. That closely matches the video's rounded $94,000–$95,000 figure. Status and terms can change, so confirm them before underwriting or making an offer.

The property at a glance

Current marketing materials describe wood flooring, a formal dining room, laundry space, forced-air heat, and no HOA. Listing photos appear to show updated interior finishes, which helps explain why the video calls the home turnkey. Photos and marketing language are not substitutes for an inspection, permit review, or contractor scope—especially for a house built in 1898.

The search method shown in the video

The walkthrough uses a repeatable process:

1. 1Choose a market within roughly two hours of where you live so you can inspect properties and manage local relationships.
2. 2Start with a city of at least 100,000 people as a broad demand filter.
3. 3Search listing sites with a maximum price—in this example, $100,000.
4. 4Review property condition and decide whether you want a value-add project or a more finished home.
5. 5Research rent through several sources, then enter the price, rent, taxes, insurance, vacancy, and maintenance assumptions into a calculator.

That process is a useful funnel, not final underwriting. Population alone does not establish demand on a particular block, and asking rents are not the same as signed leases. A two-hour radius is also a management preference rather than a rule: the practical question is whether you can inspect the asset and reliably oversee the people working on it.

What rent is supported today?

The video first finds a broad online estimate of roughly $1,300 to $3,000-plus, then narrows the working range to $1,300 to $2,000 after reviewing a rental map. The captions repeatedly describe those figures as a rough ballpark. They should stay that way until supported by leased comparables.

Current 60628 advertisements reviewed for this article include:

These are asking rents, not confirmed lease amounts, and several are apartments rather than directly comparable detached houses. The exact property also had no available rental unit shown on the Zillow rental page when reviewed. A $1,365 to $1,600 screening range has more visible support than $2,000, but a local property manager still needs to verify achievable rent for this house after seeing its condition, utility setup, parking, appliances, and block.

The sale listing does not establish that the home is occupied or earning rent. Treat every number above as a potential-rent scenario until you receive a current lease, rent roll, payment ledger, and estoppel—or lease the vacant property yourself.

Rebuild the video's two rent scenarios

The table below uses the current $94,900 asking price, the MLS-reported $1,290.86 annual property tax, and the assumptions shown in the video: $150 per month for insurance, 10% vacancy, and 5% routine maintenance. Figures are annual unless labeled monthly.

These results reproduce the video's approximate 10.72% and 18.24% screening figures. They are not complete take-home returns. The table excludes property management, leasing and turnover, a separate capital-replacement reserve, owner-paid utilities, lawn or snow service, pest control, legal and accounting costs, licensing or compliance work, closing costs, initial repairs, and financing payments.

The video also shows financing-based cash-on-cash figures of roughly 17% and 46.9%, with about $342 per month in the lower-rent case. Those results depend on a modeled financing payment and about $24,000 of initial cash. The captions do not provide enough detail to validate every financing term, and this is not a quote from a certified halal provider. Do not treat those percentages as promised returns or available financing.

A fuller cash-purchase screen

For a more conservative cash-purchase view, the next table adds an 8% management allowance and a separate 5% capital reserve to the video's vacancy and routine-maintenance assumptions. It uses $5,000 for closing costs, making the modeled cash basis $99,900 before repairs or additional reserves.

This fuller model still assumes the tenant pays utilities and includes no initial repair budget, leasing commission, extraordinary turnover, or major code work. A roof, sewer, foundation, electrical, or heating issue could materially change the result.

Our approach focuses on an all-cash purchase or financing from a certified halal / Sharia-compliant provider. If you finance, replace the cash basis and pre-financing amounts above with the provider's actual upfront contribution, payment schedule, acquisition fees, ownership structure, reserves, and qualification requirements. Certification and property eligibility should be verified directly with the provider and a qualified adviser.

For another low-price Chicago example, read our 11833 S Harvard Ave rental analysis. Then enter your verified purchase, rent, expense, and financing terms in the Deal Analyzer.

Do not call voucher rent guaranteed

The video mentions a Section 8 tenant as a way to receive government-supported rent. That can be a legitimate strategy, but “guaranteed rent” is too broad.

The Chicago Housing Authority's property-owner process requires owner screening, a rent offer based partly on comparable unassisted units and utility allowances, an approved inspection, a lease, and a Housing Assistance Payment contract. CHA states that its payment standard is the maximum possible subsidy, not an automatically approved rent. The owner remains responsible for collecting the tenant-paid portion. Failed inspections or noncompliance can also lead to payment abatement.

Underwrite a voucher scenario only after confirming the current CHA process, rent reasonableness, utility allowances, inspection requirements, expected timing, and the tenant's share. Do not use the maximum payment standard as the property's rent without approval.

Due diligence before an offer

1. 1Confirm status and terms. Recheck the $94,900 asking price, active or pending status, parcel, title, possession, seller disclosures, and items included in the sale. Listing syndication can lag the MLS.
2. 2Inspect the 1898 structure. Have qualified professionals evaluate the foundation, roof, attic, electrical service, plumbing and sewer line, forced-air system, windows, moisture, pests, and any evidence of unpermitted work. Get written repair bids.
3. 3Investigate lead and environmental risk. Most pre-1978 housing is subject to federal lead-disclosure rules. Review the seller's disclosure and records and consider appropriate lead, asbestos, radon, and environmental testing.
4. 4Verify rent with better comparables. Ask for recently leased detached three-bedroom houses near the property—not only active advertisements. Match size, condition, utility responsibility, parking, and block. Get written opinions from at least two local property managers.
5. 5Confirm recurring costs. Verify the latest Cook County tax bills and exemptions, obtain a property-specific insurance quote, identify every owner-paid utility, and price management, leasing, lawn, snow, pest, security, and compliance costs.
6. 6Review Chicago landlord obligations. Use the city's Residential Landlord and Tenant Ordinance resources and qualified local counsel to review leases, disclosures, security-deposit rules, registration or inspection requirements, and fair-housing obligations.
7. 7Validate any voucher plan. Confirm CHA owner eligibility, rent reasonableness, inspection timing, the HAP contract, and the tenant-paid portion before relying on assistance payments.
8. 8Stress-test the deal. Model lower rent, longer vacancy, higher insurance, a larger repair scope, and at least one major replacement. A deal that works only at $2,000 rent has little margin for error.

Frequently asked questions

Is 10931 S State St still listed for $94,900?

Redfin, Zillow, Coldwell Banker, and other MLS-derived pages displayed the property as active at $94,900 when checked October 14, 2026. It was listed September 23, 2026. Confirm the latest status and terms with the listing agent because online feeds can change or lag.

Is the home already renting for $1,300 or $2,000 per month?

No current lease or tenant income was documented in the sale listing reviewed for this article. Both numbers are video scenarios. Current nearby three-bedroom advertisements provide more visible support around $1,365 to $1,600, but asking rents still require validation with signed or recently leased comparables.

Is the video's 18.24% figure a guaranteed return?

No. It is a preliminary yield using the asking price, $2,000 projected rent, and a limited expense set. Management, leasing, capital replacements, repairs, closing costs, utilities, compliance, financing, and a lower achieved rent can reduce the result.

Is the property really turnkey?

The listing photos appear updated and the video describes the house as turnkey, but that is not verified condition. A 1898 property needs a professional inspection, permit review, sewer evaluation, and written repair scope before you rely on that label.

Does a Housing Choice Voucher guarantee $2,000 rent?

No. CHA determines a rent offer based on factors including payment standards, comparable unassisted units, utilities, and household circumstances. The unit and owner must qualify, the property must pass inspection, and the lease and HAP contract must be completed. The maximum payment standard is not an automatic rent approval.

Can this property be purchased with halal financing?

Possibly, subject to the property's eligibility and a certified provider's approval and terms. Obtain a written quote and have a qualified adviser review the structure. Use the provider's actual payments and fees instead of the video's conventional financing illustration.

Source video: Chicago Rental Property Investment | 10931 S State St Cash Flow Deal, Cash Flow Property Finds, published October 3, 2026. This educational case study uses the video's auto-generated captions, checks the live listing and current asking-rent advertisements, and recomputes the screening figures. Listing data and rent advertisements are time-sensitive. No rental income, financing approval, or return is guaranteed.

Cover image is illustrative stock photography and does not show 10931 S State St. See the linked property listings for photos of the home.