14435 Martin Luther King Jr Dr · Dolton, IL 60419

$119,900

3 bd · 1.5 ba · 1,155 sqft · SingleFamily public records · 164 Days on market

Built 1947 4,748 sqft lot Est $163k · 26% 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

With the departure of the recent tenant, this charming 3-bedroom cape cod has been refreshed and is ready for a new owner. Large master bedroom on second level, stainless steel kitchen appliances, updated bathroom and partially finished basement for added entertainment space, play area or office. At the rear of the home is a parking pad that will accommodate 3 cars in the fenced back yard. An excellent opportunity for a first-time buyer or investor. Located near public transportation, schools and the interstate, it is being sold AS-IS. Schedule your showing today!

Key facts

• Fenced back yard
• Parking pad
• 4,748 sq ft lot

Tags

• PARTIALLY FINISHED BASEMENT
• PARKING PAD
• FENCED BACK YARD

Property features AI

Finance

• Other: Property is not currently leased; Possession subject to tenant's rights
• HOA & community: No master association fees (not required)

Exterior

• Parking: Three off-street parking spaces; Owned parking
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story Cape Cod; Fee simple ownership
• Construction: Frame construction; Built before 1978 (original construction); Estimated age 71–80 years
• Exterior features: Fenced lot; Lot dimensions approximately 38 x 124; Lot smaller than 0.25 acre

Interior

• Kitchen: Eating-area kitchen; Range; Refrigerator
• Bedrooms: Three bedrooms (Master bedroom on second level, other bedrooms on main level)
• Flooring: Carpet in living areas and bedrooms; Vinyl in kitchen; Laminate flooring present
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating
• Interior features: First-floor full bathroom; Partially finished full basement; Six total rooms
• Laundry & utility: Dedicated laundry room

🏷️ Possibly a rental listed for sale. The $119,900 price doesn't fit this home's estimated sale value (~$162,855) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $960 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.9% 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); 130 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• At $2,264/mo this rent would consume 47% 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 $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $34k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 164 days — a 12% lower offer ($106k) 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 $68k; list at $120k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 164 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 1947 — 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: 1.89% ✓
• Cap rate: 15.90%
• Cash-on-cash: 34.30%
• DSCR: 2.53
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $162,855
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14619 Martin Luther King Jr Dr	0.21mi	3/1.0	1,153 (-0%)	2mo	$163,000	$141	86
506 E 144th St	0.15mi	3/1.0	1,020 (-12%)	2mo	$48,500	$48	70
14714 Beachview Ter	0.34mi	3/3.0	1,100 (-5%)	6mo	$163,000	$148	65
14813 Evers St	0.47mi	4/1.0 (+1)	1,127 (-2%)	3mo	$82,000	$73	65
201 E 143rd St	0.54mi	4/2.0 (+1)	1,129 (-2%)	0mo	$95,000	$84	64
14525 S Michigan Ave	0.64mi	3/1.0	1,200 (+4%)	2mo	$190,000	$158	60
14129 S Michigan Ave	0.72mi	3/2.0	1,146 (-1%)	4mo	$200,000	$175	60
14234 S Michigan Ave	0.69mi	3/1.0	1,102 (-5%)	3mo	$114,000	$103	56
228 E 141st St	0.65mi	4/2.0 (+1)	1,200 (+4%)	1mo	$235,000	$196	55
14819 Evers St	0.49mi	4/2.0 (+1)	1,304 (+13%)	1mo	$227,000	$174	48
14633 Wabash Ave	0.73mi	3/7.0	1,150 (-0%)	1mo	$95,000	$83	44
14202 S Michigan Ave	0.73mi	4/1.0 (+1)	1,229 (+6%)	5mo	$128,229	$104	44

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: 35.3%
• Equity multiple: 2.60×
• Total profit: $53,686
• Equity at exit: $17,877

10-year hold

• IRR: 44.6%
• Equity multiple: 6.36×
• Total profit: $180,032
• Equity at exit: $10,367

Cash invested: $33,572 (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: 130
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $2,264 high
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,798/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$475
• Net cashflow: $960

Break-even live

Break-even rent $1,049

Max offer price $119,900

Occupancy floor 53%

Sensitivity live

Price	-10% $1,042	-5% $1,001	+0% $960	+5% $918	+10% $877
Rent	-10% $781	-5% $870	+0% $960	+5% $1,049	+10% $1,138
Rate	-1.0pp $1,020	-0.5pp $990	base $960	+0.5pp $929	+1.0pp $897

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14305 Irving Ave Unit 2 Dolton, IL	3.0	1.0	1100	$2,200	$2.00	25d	1	0.31mi
14500 Cottage Grove Ave Unit 3 Dolton, IL	2.0	1.0	1000	$1,475	$1.48	25d	1	0.46mi
14817 Champlain Ave Dolton, IL	2.0	1.0	980	$2,430	$2.48	22d	1	0.54mi
14124 Manor Ave Dolton, IL	3.0	2.0	1440	$2,390	$1.66	25d	1	0.58mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	25d	1	0.66mi
13841 Forest Ave Dolton, IL	3.0	1.0	930	$1,895	$2.04	25d	1	0.80mi
14844 Wabash Ave Dolton, IL	3.0	1.5	1277	$2,320	$1.82	25d	1	0.89mi
14433 Woodlawn Ave Dolton, IL	4.0	2.0	1300	$2,000	$1.54	19d	1	0.99mi
15238 Doctor Martin Luther King Junior Dr Unit 2W Dolton, IL	2.0	1.0	800	$1,500	$1.88	11d	1	0.99mi
14101 S Atlantic Ave Riverdale, IL	2.0	1.0	790	$1,140	$1.44	8d	1	1.18mi
14716 Dorchester Ave Dolton, IL	3.0	2.0	1250	$2,800	$2.24	20d	1	1.25mi
13810 S La Salle St #1 Riverdale, IL	3.0	1.0	800	$1,550	$1.94	3d	1	1.29mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	25d	1	1.30mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	8d	1	1.30mi
14610 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	7d	1	1.35mi
14015 S Stewart Ave Unit 2W Riverdale, IL	2.0	1.0	800	$1,400	$1.75	25d	1	1.38mi
14738 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	11d	1	1.39mi
13708 S Wentworth Ave Riverdale, IL	3.0	1.5	1500	$2,200	$1.47	22d	1	1.41mi
15231 Hastings Dr Dolton, IL	4.0	1.5	1487	$2,146	$1.44	8d	1	1.44mi
13604 S Wentworth Ave Riverdale, IL	3.0	1.0	1100	$1,200	$1.09	25d	1	1.50mi

Listing history 22 events

1. 2026-06-18
   days on market $119,900 Active 164 DOM
2. 2026-06-17
   days on market $119,900 Active 163 DOM
3. 2026-06-16
   days on market $119,900 Active 162 DOM
4. 2026-06-15
   days on market $119,900 Active 161 DOM
5. 2026-06-13
   days on market $119,900 Active 159 DOM
6. 2026-06-13
   days on market $119,900 Active 158 DOM
7. 2026-06-09
   days on market $119,900 Active 155 DOM
8. 2026-06-08
   days on market $119,900 Active 154 DOM
9. 2026-06-07
   days on market $119,900 Active 153 DOM
10. 2026-06-04
    days on market $119,900 Active 150 DOM
11. 2026-06-03
    days on market $119,900 Active 149 DOM
12. 2026-06-02
    days on market $119,900 Active 148 DOM
13. 2026-06-01
    days on market $119,900 Active 147 DOM
14. 2026-05-31
    days on market $119,900 Active 146 DOM
15. 2026-01-04
    listed $119,900 Active
16. 2025-05-10
    historical
17. 2025-03-29
    price
18. 2025-02-25
    listed Active
19. 2025-02-25
    historical
20. 2025-02-10
    listed Active
21. 1997-11-21
    soldstatus $68,500
22. 1985-06-01
    soldstatus $46,808

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% 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: $27,163
• − Mortgage interest: −$6,716
• − Property taxes: −$1,798
• − Insurance: −$600
• − Repairs & maintenance: −$2,173
• − Management: −$2,173
• − Depreciation: −$3,488
• Taxable income: $10,214
• Est. tax owed @ 24.0%: −$2,451
• After-tax cash flow: $9,064/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

+156.2% since first listed

8 events — show timeline

• 2026-01-04 Listed $119,900 MRED as Distributed by MLS Grid
• 2025-05-10 Listing Removed — MRED as Distributed by MLS Grid
• 2025-03-29 Price Changed — MRED as Distributed by MLS Grid
• 2025-02-25 Listing Removed — MRED as Distributed by MLS Grid
• 2025-02-25 Listed — MRED as Distributed by MLS Grid
• 2025-02-10 Listed — MRED as Distributed by MLS Grid
• 1997-11-21 Sold (Public Records) $68,500 Public Records
• 1985-06-01 Sold (Public Records) $46,808 Public Records

Property tax history

+4.7%/yr

Latest (2023): $6,577 · -6.5% YoY. Source: county tax records.