14909 Martin Luther King Jr Dr · Dolton, IL 60419

$274,900

3 bd · 1.5 ba · 1,215 sqft · SingleFamily public records · 48 Days on market

Built 1993 4,965 sqft lot

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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).

• Cash flow +17.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• Rent growth +4.9/5.0
• 1% rule +3.8/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice All Brick! Good starting point for the first time home buyer. Only minor cosmetic updates needed. Seller willing to help buyer with closing cost up to $1000 dollars. Spacious and Solid Built!! Brick Ranch home with 3 bedrooms on the main level along with a full bath & a half. Full unfinished basement with a rough in for a bathroom. Finish the basement for additional living space. Come take a look and see the potential in this Home. Home is being Sold As Is.. Owner is a Licensed Realtor. Thank you!

Key facts

• Over sized cabinets
• Tile flooring
• Quartz counter tops

Tags

• FULLY RENOVATED BASEMENT
• PREMIUM LAMINATE FLOORING
• TILE FLOORING
• MODERN LIGHTING
• QUARTZ COUNTER TOPS
• OVER SIZED CABINETS

Property features AI

Finance

• Other: Location: Dolton (Thornton Township); Directions: East or West on 147th Sibley Blvd to Martin Luther King Dr., then north to property
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with 2 garage spaces (2 parking spaces total)
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Detached single-family home; One-story layout; Rehab completed in 2026; Disability access provided
• Construction: Brick construction; Estimated living area; Home age approximately 31–40 years; Not rebuilt
• Exterior features: Lot smaller than 0.25 acre; Parcel serviced by school bus and commuter bus

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: Three main-level bedrooms (including a main-level master); Two additional bedrooms in the basement (home can accommodate up to five bedrooms)
• Bathrooms: Two full bathrooms; One half bathroom; Basement includes a bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Finished full basement; Seven total rooms; One electric fireplace located in the basement
• Laundry & utility: Basement laundry room (approximately 10 x 10)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $206 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $242k (12.0% below list).
• Recommended offer: $242k (12.0% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 9.3% in Dolton — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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; 16 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 $2,419/mo this rent would consume 50% 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $77k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($267k) 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 $130k; list at $275k implies a 111% gain — meaningful room to come down on a strong offer.

Recommended offer $241,894 (12.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.88% ✗
• Cap rate: 7.19%
• Cash-on-cash: 3.22%
• DSCR: 1.14
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $171,315
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14819 Evers St	0.15mi	4/2.0 (+1)	1,304 (+7%)	1mo	$227,000	$174	73
619 E 152nd St	0.38mi	3/1.5	1,146 (-6%)	1mo	$153,000	$134	72
14619 Martin Luther King Jr Dr	0.35mi	3/1.0	1,153 (-5%)	2mo	$163,000	$141	71
14813 Evers St	0.16mi	4/1.0 (+1)	1,127 (-7%)	3mo	$82,000	$73	71
15061 Wabash Ave	0.48mi	3/1.5	1,116 (-8%)	2mo	$150,000	$134	62
14914 Edbrooke Ave	0.59mi	3/1.0	1,287 (+6%)	2mo	$100,000	$78	59
14927 Cottage Grove Ave	0.51mi	3/2.0	1,095 (-10%)	1mo	$250,000	$228	57
14844 Wabash Ave	0.72mi	3/1.0	1,277 (+5%)	4mo	$125,000	$98	53
14828 Wabash Ave	0.72mi	3/1.0	1,296 (+7%)	1mo	$112,000	$86	53
717 E 154th St	0.74mi	3/1.0	1,120 (-8%)	2mo	$177,000	$158	49
15223 Cottage Grove Ave	0.66mi	3/1.0	1,099 (-10%)	3mo	$172,000	$157	49
15310 Oak St	0.54mi	4/1.5 (+1)	1,037 (-15%)	1mo	$190,000	$183	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: -6.3%
• Equity multiple: 0.76×
• Total profit: $-18,703
• Equity at exit: $40,988

10-year hold

• IRR: 8.3%
• Equity multiple: 1.76×
• Total profit: $58,482
• Equity at exit: $23,768

Cash invested: $76,972 (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: 9.5×

Monthly cashflow live

• Estimated rent: $2,419 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$148 /mo · $1,782/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$508
• Net cashflow: $206

Break-even live

Break-even rent $2,158

Max offer price $274,900

Occupancy floor 86%

Sensitivity live

Price	-10% $362	-5% $284	+0% $206	+5% $129	+10% $51
Rent	-10% $15	-5% $111	+0% $206	+5% $302	+10% $397
Rate	-1.0pp $345	-0.5pp $276	base $206	+0.5pp $135	+1.0pp $63

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: $68,725
• Closing costs: $8,247
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14817 Champlain Ave Dolton, IL	2.0	1.0	980	$2,430	$2.48	23d	1	0.32mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	25d	1	0.33mi
15238 Doctor Martin Luther King Junior Dr Unit 2W Dolton, IL	2.0	1.0	800	$1,500	$1.88	12d	1	0.44mi
14500 Cottage Grove Ave Unit 3 Dolton, IL	2.0	1.0	1000	$1,475	$1.48	25d	1	0.72mi
14844 Wabash Ave Dolton, IL	3.0	1.5	1277	$2,320	$1.82	25d	1	0.73mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	25d	1	0.75mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	9d	1	0.75mi
14305 Irving Ave Unit 2 Dolton, IL	3.0	1.0	1100	$2,200	$2.00	25d	1	0.79mi
14124 Manor Ave Dolton, IL	3.0	2.0	1440	$2,390	$1.66	25d	1	1.05mi
15231 Hastings Dr Dolton, IL	4.0	1.5	1487	$2,146	$1.44	9d	1	1.13mi
14433 Woodlawn Ave Dolton, IL	4.0	2.0	1300	$2,000	$1.54	20d	1	1.14mi
14716 Dorchester Ave Dolton, IL	3.0	2.0	1250	$2,800	$2.24	20d	1	1.24mi
13841 Forest Ave Dolton, IL	3.0	1.0	930	$1,895	$2.04	25d	1	1.34mi
14738 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	11d	1	1.35mi
14610 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	7d	1	1.39mi
14101 S Atlantic Ave Riverdale, IL	2.0	1.0	790	$1,140	$1.44	9d	1	1.48mi

Listing history 29 events

1. 2026-06-21
   days on market $274,900 Active 48 DOM
2. 2026-06-18
   days on market $274,900 Active 45 DOM
3. 2026-06-17
   days on market $274,900 Active 44 DOM
4. 2026-06-16
   days on market $274,900 Active 43 DOM
5. 2026-06-15
   days on market $274,900 Active 42 DOM
6. 2026-06-13
   days on market $274,900 Active 40 DOM
7. 2026-06-13
   days on market $274,900 Active 39 DOM
8. 2026-06-09
   days on market $274,900 Active 36 DOM
9. 2026-06-08
   days on market $274,900 Active 35 DOM
10. 2026-06-07
    days on market $274,900 Active 34 DOM
11. 2026-06-04
    days on market $274,900 Active 31 DOM
12. 2026-06-03
    days on market $274,900 Active 30 DOM
13. 2026-06-02
    days on market $274,900 Active 29 DOM
14. 2026-06-01
    days on market $274,900 Active 28 DOM
15. 2026-05-31
    days on market $274,900 Active 27 DOM
16. 2026-05-04
    listed $285,000 Active
17. 2025-11-14
    soldstatus $130,000
18. 2025-11-10
    soldstatus $130,000 Closed 512-char remark

    Show marketing remark (512 chars)

    Nice All Brick! Good starting point for the first time home buyer. Only minor cosmetic updates needed. Seller willing to help buyer with closing cost up to $1000 dollars. Spacious and Solid Built!! Brick Ranch home with 3 bedrooms on the main level along with a full bath & a half. Full unfinished basement with a rough in for a bathroom. Finish the basement for additional living space. Come take a look and see the potential in this Home. Home is being Sold As Is.. Owner is a Licensed Realtor. Thank you!

19. 2025-09-29
    historical Contingent - No Showings 512-char remark

    Show marketing remark (512 chars)

    Nice All Brick! Good starting point for the first time home buyer. Only minor cosmetic updates needed. Seller willing to help buyer with closing cost up to $1000 dollars. Spacious and Solid Built!! Brick Ranch home with 3 bedrooms on the main level along with a full bath & a half. Full unfinished basement with a rough in for a bathroom. Finish the basement for additional living space. Come take a look and see the potential in this Home. Home is being Sold As Is.. Owner is a Licensed Realtor. Thank you!

20. 2025-09-22
    listed $150,000 Active 512-char remark

    Show marketing remark (512 chars)

    Nice All Brick! Good starting point for the first time home buyer. Only minor cosmetic updates needed. Seller willing to help buyer with closing cost up to $1000 dollars. Spacious and Solid Built!! Brick Ranch home with 3 bedrooms on the main level along with a full bath & a half. Full unfinished basement with a rough in for a bathroom. Finish the basement for additional living space. Come take a look and see the potential in this Home. Home is being Sold As Is.. Owner is a Licensed Realtor. Thank you!

21. 2025-09-13
    historical
22. 2025-09-01
    price
23. 2025-08-03
    price
24. 2025-07-15
    price
25. 2025-07-05
    price
26. 2025-06-18
    listed Active
27. 1995-08-07
    soldstatus $90,000
28. 1995-08-01
    soldstatus $89,900
29. 1990-02-01
    soldstatus $9,000

ⓘ 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: $1,782 · $148/mo
• Projected year-2 tax: $4,011 · $334/mo
• Expected delta: +$2,229/yr (+$186/mo · 125.1%)

ⓘ 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 ≥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: $29,027
• − Mortgage interest: −$15,399
• − Property taxes: −$1,782
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,322
• − Management: −$2,322
• − Depreciation: −$7,997
• Taxable loss: −$2,169
• Est. tax savings @ 24.0%: +$521
• After-tax cash flow: $2,997/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

+3066.7% since first listed

14 events — show timeline

• 2026-05-04 Listed $285,000 MRED as Distributed by MLS Grid
• 2025-11-14 Sold (Public Records) $130,000 Public Records
• 2025-11-10 Sold (MLS) $130,000 MRED as Distributed by MLS Grid
• 2025-09-29 Contingent — MRED as Distributed by MLS Grid
• 2025-09-22 Listed $150,000 MRED as Distributed by MLS Grid
• 2025-09-13 Listing Removed — MRED as Distributed by MLS Grid
• 2025-09-01 Price Changed — MRED as Distributed by MLS Grid
• 2025-08-03 Price Changed — MRED as Distributed by MLS Grid
• 2025-07-15 Price Changed — MRED as Distributed by MLS Grid
• 2025-07-05 Price Changed — MRED as Distributed by MLS Grid
• 2025-06-18 Listed — MRED as Distributed by MLS Grid
• 1995-08-07 Sold (Public Records) $90,000 Public Records
• 1995-08-01 Sold (Public Records) $89,900 Public Records
• 1990-02-01 Sold (Public Records) $9,000 Public Records

Property tax history

-5.5%/yr

Latest (2023): $1,782 · -24.8% YoY. Source: county tax records.