15722 Ellis Ave · Dolton, IL 60419

$175,000

3 bd · 1.0 ba · 1,330 sqft · SingleFamily public records · 192 Days on market

Built 1958 6,150 sqft lot Est $222k · 21% 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 +4.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Jumbo Brick raised ranch on a SUPER quiet block is ready for new ownership! This well-maintained house has received a new roof on the house and garage (2020), garage siding (2020) and boasts other features such as: hardwood floors, spacious eat-in kitchen, 2.5 baths, spacious/finished/dry basement w/a sump pump, a deep rear yard with two patios for entertaining along with a side drive leading to a 2.5 car garage.

Key facts

• Garage siding
• Living room flooring
• Deep rear yard

Tags

• NEW ROOF
• GARAGE SIDING
• LIVING ROOM FLOORING
• SPACIOUS EAT-IN KITCHEN
• FINISHED DRY BASEMENT
• DEEP REAR YARD

Property features AI

Finance

• Other: Fee simple ownership; School bus service available
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with 2 garage spaces; Garage owned with garage door opener; Side driveway; Total of 2 parking spaces
• Utilities: Public water; Public sewer; 100-amp electric service
• Home design: Detached single-family raised ranch; Approximately 2,660 total finished area (plans indicate total finished/unfinshed); Main living on raised main level; Built before 1978
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Estimated age 61–70 years
• Exterior features: Porch; Patio; Fenced yard

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Eating area with breakfast bar and table space
• Bedrooms: 3 bedrooms (all on main level); Master bedroom on main level
• Flooring: Hardwood; Carpet; Vinyl
• Bathrooms: 2 full bathrooms; 1 half bathroom; Basement has a bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Finished full basement; Basement contains a decorative fireplace; 6 total rooms; Hardwood flooring on main-level bedrooms and master bedroom; Carpet in the living room; Vinyl flooring in the kitchen; Sump pump
• Laundry & utility: Laundry room in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 9.3% in Dolton — 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 74/100 on livability (#263 in IL, #4,883 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, health & safety C-, schools F.
• Thornton Twp Hsd 205 (suburban): math 7% / reading 8% proficiency, ranked #594 of 620 in IL (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+9.7%/yr); 129 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• At $2,814/mo this rent would consume 58% of the median local household income ($58k/yr) (locally 919% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $49k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $40k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 192 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.61% ✓
• Cap rate: 13.24%
• Cash-on-cash: 24.82%
• DSCR: 2.10
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $222,110
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
615 E 156th Pl	0.42mi	3/2.0	1,300 (-2%)	2mo	$198,650	$153	71
15439 University Ave	0.40mi	3/1.5	1,428 (+7%)	1mo	$250,000	$175	67
15265 Drexel Ave	0.60mi	3/2.0	1,344 (+1%)	2mo	$155,000	$115	64
618 E 159th Pl	0.47mi	4/2.0 (+1)	1,294 (-3%)	2mo	$236,000	$182	63
686 E 155th St	0.50mi	2/1.0 (-1)	1,400 (+5%)	2mo	$157,000	$112	62
15505 Drexel Ave	0.31mi	4/2.0 (+1)	1,200 (-10%)	2mo	$205,000	$171	59
15518 Maple St	0.69mi	4/2.0 (+1)	1,345 (+1%)	1mo	$120,000	$89	56
1006 E 163rd St	0.68mi	3/2.0	1,263 (-5%)	1mo	$262,500	$208	55
702 E 162nd Pl	0.71mi	3/2.0	1,400 (+5%)	1mo	$230,000	$164	53
823 E 163rd St	0.72mi	3/1.0	1,184 (-11%)	1mo	$197,500	$167	47
16001 Avalon Ave	0.45mi	4/2.0 (+1)	1,136 (-15%)	1mo	$187,500	$165	45
944 E 163rd Pl	0.75mi	3/2.0	1,205 (-9%)	2mo	$201,000	$167	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 23.8%
• Equity multiple: 2.04×
• Total profit: $51,117
• Equity at exit: $26,093

10-year hold

• IRR: 34.7%
• Equity multiple: 4.99×
• Total profit: $195,502
• Equity at exit: $15,131

Cash invested: $49,000 (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 60419

• Home prices YoY: -25.7%
• Rents YoY: 9.7%
• Active inventory: 129
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,814 high
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$591
• Net cashflow: $1,014

Break-even live

Break-even rent $1,531

Max offer price $175,000

Occupancy floor 59%

Sensitivity live

Price	-10% $1,135	-5% $1,074	+0% $1,014	+5% $953	+10% $893
Rent	-10% $791	-5% $903	+0% $1,014	+5% $1,125	+10% $1,236
Rate	-1.0pp $1,102	-0.5pp $1,058	base $1,014	+0.5pp $968	+1.0pp $922

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16001 Avalon Ave South Holland, IL	3.0	2.0	1136	$3,330	$2.93	7d	1	0.44mi
15707 Dante Dr South Holland, IL	3.0	2.0	1800	$2,950	$1.64	4d	1	0.56mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	26d	1	0.61mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	9d	1	0.61mi
16246 Dobson Ave South Holland, IL	3.0	2.0	1250	$3,170	$2.54	0d	1	0.65mi
15231 Hastings Dr Dolton, IL	4.0	1.5	1487	$2,146	$1.44	9d	1	0.68mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	26d	1	1.09mi
15400 Merrill Ave South Holland, IL	4.0	2.0	1508	$3,330	$2.21	23d	1	1.20mi
14817 Champlain Ave Dolton, IL	2.0	1.0	980	$2,430	$2.48	23d	1	1.22mi
660 Clyde Ave Calumet City, IL	3.0	1.5	1400	$1,750	$1.25	4d	1	1.23mi
14716 Dorchester Ave Dolton, IL	3.0	2.0	1250	$2,800	$2.24	20d	1	1.36mi
14738 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	11d	1	1.37mi
659 Paxton Ave Calumet City, IL	3.0	2.0	1255	$2,461	$1.96	11d	1	1.37mi
409 Madison Ave Unit 2 Calumet City, IL	3.0	1.5	1200	$1,795	$1.50	5d	1	1.46mi

Listing history 32 events

1. 2026-06-21
   days on market $175,000 Active 192 DOM
2. 2026-06-18
   days on market $175,000 Active 189 DOM
3. 2026-06-17
   days on market $175,000 Active 188 DOM
4. 2026-06-16
   days on market $175,000 Active 187 DOM
5. 2026-06-15
   days on market $175,000 Active 186 DOM
6. 2026-06-13
   days on market $175,000 Active 184 DOM
7. 2026-06-13
   days on market $175,000 Active 183 DOM
8. 2026-06-09
   days on market $175,000 Active 180 DOM
9. 2026-06-08
   days on market $175,000 Active 179 DOM
10. 2026-06-07
    days on market $175,000 Active 178 DOM
11. 2026-06-04
    days on market $175,000 Active 175 DOM
12. 2026-06-03
    pricedays on market $175,000 Active 174 DOM
13. 2026-06-02
    days on market $197,000 Active 173 DOM
14. 2026-06-01
    days on market $197,000 Active 172 DOM
15. 2026-05-31
    days on market $197,000 Active 171 DOM
16. 2026-03-11
    price $197,000
17. 2026-02-16
    price $200,000
18. 2026-01-21
    price $205,000
19. 2025-12-11
    listed $215,000 Active
20. 2022-08-29
    soldstatus $195,000
21. 2022-08-19
    soldstatus $195,000 Closed 421-char remark

    Show marketing remark (421 chars)

    This Jumbo Brick raised ranch on a SUPER quiet block is ready for new ownership! This well-maintained house has received a new roof on the house and garage (2020), garage siding (2020) and boasts other features such as: hardwood floors, spacious eat-in kitchen, 2.5 baths, spacious/finished/dry basement w/a sump pump, a deep rear yard with two patios for entertaining along with a side drive leading to a 2.5 car garage.

22. 2022-08-15
    status Pending 421-char remark

    Show marketing remark (421 chars)

    This Jumbo Brick raised ranch on a SUPER quiet block is ready for new ownership! This well-maintained house has received a new roof on the house and garage (2020), garage siding (2020) and boasts other features such as: hardwood floors, spacious eat-in kitchen, 2.5 baths, spacious/finished/dry basement w/a sump pump, a deep rear yard with two patios for entertaining along with a side drive leading to a 2.5 car garage.

23. 2022-07-14
    historical Contingent - No Showings 421-char remark

    Show marketing remark (421 chars)

    This Jumbo Brick raised ranch on a SUPER quiet block is ready for new ownership! This well-maintained house has received a new roof on the house and garage (2020), garage siding (2020) and boasts other features such as: hardwood floors, spacious eat-in kitchen, 2.5 baths, spacious/finished/dry basement w/a sump pump, a deep rear yard with two patios for entertaining along with a side drive leading to a 2.5 car garage.

24. 2022-07-05
    price $195,900 421-char remark

    Show marketing remark (421 chars)

    This Jumbo Brick raised ranch on a SUPER quiet block is ready for new ownership! This well-maintained house has received a new roof on the house and garage (2020), garage siding (2020) and boasts other features such as: hardwood floors, spacious eat-in kitchen, 2.5 baths, spacious/finished/dry basement w/a sump pump, a deep rear yard with two patios for entertaining along with a side drive leading to a 2.5 car garage.

25. 2022-06-17
    status Active 421-char remark

    Show marketing remark (421 chars)

    This Jumbo Brick raised ranch on a SUPER quiet block is ready for new ownership! This well-maintained house has received a new roof on the house and garage (2020), garage siding (2020) and boasts other features such as: hardwood floors, spacious eat-in kitchen, 2.5 baths, spacious/finished/dry basement w/a sump pump, a deep rear yard with two patios for entertaining along with a side drive leading to a 2.5 car garage.

26. 2022-06-14
    historical Contingent - No Showings 421-char remark

    Show marketing remark (421 chars)

    This Jumbo Brick raised ranch on a SUPER quiet block is ready for new ownership! This well-maintained house has received a new roof on the house and garage (2020), garage siding (2020) and boasts other features such as: hardwood floors, spacious eat-in kitchen, 2.5 baths, spacious/finished/dry basement w/a sump pump, a deep rear yard with two patios for entertaining along with a side drive leading to a 2.5 car garage.

27. 2022-06-05
    listed $199,900 Active 421-char remark

    Show marketing remark (421 chars)

    This Jumbo Brick raised ranch on a SUPER quiet block is ready for new ownership! This well-maintained house has received a new roof on the house and garage (2020), garage siding (2020) and boasts other features such as: hardwood floors, spacious eat-in kitchen, 2.5 baths, spacious/finished/dry basement w/a sump pump, a deep rear yard with two patios for entertaining along with a side drive leading to a 2.5 car garage.

28. 2018-05-29
    historical
29. 2018-05-04
    listed New
30. 2005-07-26
    soldstatus $150,000
31. 1991-05-01
    soldstatus $79,900
32. 1987-06-01
    soldstatus $67,000

ⓘ 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 ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,768
• − Mortgage interest: −$9,803
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$2,701
• − Management: −$2,701
• − Depreciation: −$5,091
• Taxable income: $9,971
• Est. tax owed @ 24.0%: −$2,393
• After-tax cash flow: $9,771/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 Twp Hsd 205
• NCES district ID: 1738970
• Math proficiency: 7% ▬ 0.00%
• Reading proficiency: 8% ▼ -2.00%
• Median HH income: $43,392
• Composite: 6.92/100
• National rank: #9976
• State rank: #594 of 620 in IL

Livability — Dolton

• Score: 74/100
• State rank: #263
• US rank: #4883

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dolton, IL
• County: Cook County · 4,486,803 people
• City population: 20,825
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 20,825
• Household income: $57,887
• Rent vs Own: 27.4% rent · 72.6% own
• Severe rent burden: 919.0

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 (91%)
• Race & ethnicity: Black 91% White 4% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · French/Haitian/Cajun 2% Spanish 1%

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: ▼ -66.88%
• Current HPI: 193.2346
• Rent YoY: ▲ 9.65%
• 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

+194.0% since first listed

17 events — show timeline

• 2026-03-11 Price Changed $197,000 MRED as Distributed by MLS Grid
• 2026-02-16 Price Changed $200,000 MRED as Distributed by MLS Grid
• 2026-01-21 Price Changed $205,000 MRED as Distributed by MLS Grid
• 2025-12-11 Listed $215,000 MRED as Distributed by MLS Grid
• 2022-08-29 Sold (Public Records) $195,000 Public Records
• 2022-08-19 Sold (MLS) $195,000 MRED as Distributed by MLS Grid
• 2022-08-15 Pending — MRED as Distributed by MLS Grid
• 2022-07-14 Contingent — MRED as Distributed by MLS Grid
• 2022-07-05 Price Changed $195,900 MRED as Distributed by MLS Grid
• 2022-06-17 Relisted — MRED as Distributed by MLS Grid
• 2022-06-14 Contingent — MRED as Distributed by MLS Grid
• 2022-06-05 Listed $199,900 MRED as Distributed by MLS Grid
• 2018-05-29 Listing Removed — MRED as Distributed by MLS Grid
• 2018-05-04 Listed — MRED as Distributed by MLS Grid
• 2005-07-26 Sold (Public Records) $150,000 Public Records
• 1991-05-01 Sold (Public Records) $79,900 Public Records
• 1987-06-01 Sold (Public Records) $67,000 Public Records

Property tax history

+5.7%/yr

Latest (2023): $9,309 · +85.7% YoY. Source: county tax records.