18010 Olympia Dr · Country Club Hills, IL 60478

$179,000

3 bd · 1.0 ba · 1,087 sqft · SingleFamily public records · 35 Days on market

Built 1971 7,200 sqft lot Est $195k · 8% 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 +28.5/30.0
• ARV discount +11.1/15.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Situated on a quiet street in the heart of Country Club Hills, this three bedroom home exhibits both natural beauty and an ideal layout. Enjoy a spacious dining room/living room area highlighted by hardwood flooring. The kitchen offers ample room for cooking and storage and includes a stainless steel refrigerator. The second level greets you with three generously sized bedrooms and a full bathroom. This unbeatable value is rounded out with a recreation room, walk-out laundry room, and amazing backyard. The great access to schools, highways, shopping, and more, makes this a wonderful opportunity to purchase a home for under two hundred thousand dollars!

Key facts

• Hardwood flooring
• Amazing backyard
• Recreation room

Tags

• HARDWOOD FLOORING
• STAINLESS STEEL REFRIGERATOR
• RECREATION ROOM
• WALK-OUT LAUNDRY ROOM
• AMAZING BACKYARD

Property features AI

Finance

• Other: Property is currently being leased
• HOA & community: No master association fees required

Exterior

• Parking: 2 parking spaces (total)
• Utilities: Water from Lake Michigan; Public sewer
• Home design: Detached single-family home; 2-story layout; Fee simple ownership; Estimated living area
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built 51–60 years ago; Built before 1978
• Exterior features: Lot approximately 60 x 120; Less than 0.25 acre; School bus service, commuter bus access, interstate access

Interior

• Kitchen: Kitchen on main level (10 x 12)
• Bedrooms: 3 bedrooms total; Master bedroom on second level (with full bath); Second level bedroom 2 (14 x 10); Second level bedroom 3 (10 x 10)
• Bathrooms: 1 full bathroom; 1 half bathroom; Basement contains a bathroom
• Heating & cooling: Natural gas and electric heating; Central air conditioning
• Interior features: Partially finished basement with walk-out access; 7 total rooms; Recreation room (lower level); Family room
• Laundry & utility: Laundry room in walkout basement (10 x 14)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $587 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $174k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 7.4% in Country Club Hills — 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 75/100 on livability (#212 in IL, #3,963 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, health & safety D+, amenities F.
• Bremen Chsd 228 (suburban): math 15% / reading 17% proficiency, ranked #468 of 620 in IL (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Hillcrest High School (math 4% / reading 4%, grade F, #657 of 693 statewide, top 95%, 1,314 students, 0% FRL).
• Zoned-school proficiency averages 4% at this address vs 16% district-wide (-12 pts) — the specific schools serving this property underperform the Bremen Chsd 228 average; the district grade overstates school quality for this exact location.
• Market conditions: 94 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

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 + 3.0% rent growth), your $50k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 17y ago 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 $104k; list at $179k implies a 72% gain — meaningful room to come down on a strong offer.

Recommended offer $173,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.29% ✓
• Cap rate: 10.23%
• Cash-on-cash: 14.07%
• DSCR: 1.63
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $194,573
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18008 Edwards Ave	0.13mi	3/1.5	1,136 (+4%)	1mo	$273,600	$241	84
18040 Springfield Ave	0.20mi	3/1.0	1,139 (+5%)	2mo	$180,000	$158	81
18207 Ravisloe Ter	0.35mi	3/1.5	1,057 (-3%)	3mo	$250,000	$237	75
17620 Winston Dr	0.50mi	3/1.0	1,091 (+0%)	3mo	$195,000	$179	73
18115 Idlewild Dr	0.26mi	3/2.0	1,200 (+10%)	6mo	$100,000	$83	62
18109 Idlewild Dr	0.25mi	4/2.0 (+1)	1,000 (-8%)	6mo	$195,000	$195	61
17801 Yale Ln	0.74mi	3/1.5	1,040 (-4%)	3mo	$206,000	$198	54
4340 Mayfair Ct	0.41mi	3/2.0	1,243 (+14%)	3mo	$163,400	$131	51
4431 182 Pl	0.56mi	3/1.0	932 (-14%)	2mo	$120,000	$129	48
17555 Cypress Ave	0.53mi	3/2.0	1,239 (+14%)	1mo	$163,000	$132	47
4411 177th Pl	0.55mi	4/1.5 (+1)	1,212 (+12%)	3mo	$126,653	$104	45
18208 Fountainbleau Dr	0.64mi	3/1.5	958 (-12%)	5mo	$185,000	$193	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.17×
• Total profit: $8,447
• Equity at exit: $26,689

10-year hold

• IRR: 13.9%
• Equity multiple: 2.11×
• Total profit: $55,679
• Equity at exit: $15,477

Cash invested: $50,120 (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 60478

• Home prices YoY: -27.3%
• Active inventory: 94
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,310 high
• Mortgage (P&I): −$939
• Tax est. 1.5%: −$224 /mo · $2,685/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $587

Break-even live

Break-even rent $1,566

Max offer price $179,000

Occupancy floor 70%

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17984 Amherst Ct Country Club Hills, IL	2.0	1.0	1000	$1,900	$1.90	1d	1	0.08mi
18019 Ravisloe Ter Country Club Hills, IL	3.0	1.5	1150	$2,800	$2.43	1d	1	0.17mi
1153 Williamsburg Rd Country Club Hills, IL	2.0	1.5	1216	$1,900	$1.56	1d	1	0.56mi
2256 Windsor Ln Country Club Hills, IL	3.0	1.0	1212	$2,250	$1.86	1d	1	0.59mi
4453 Provincetown Dr Country Club Hills, IL	3.0	2.5	1300	$2,500	$1.92	1d	1	0.67mi
3515 Bordeaux Ct Hazel Crest, IL	4.0	2.0	1486	$2,900	$1.95	2d	1	0.71mi
3501 177th St Country Club Hills, IL	2.0	2.0	839	$2,850	$3.40	1d	1	0.79mi
17306 Peach Grove Ln Hazel Crest, IL	4.0	1.0	1034	$2,700	$2.61	1d	1	0.86mi

Listing history 50 events

1. 2026-06-18
   days on market $179,000 Active 35 DOM
2. 2026-06-17
   days on market $179,000 Active 34 DOM
3. 2026-06-16
   days on market $179,000 Active 33 DOM
4. 2026-06-15
   days on market $179,000 Active 32 DOM
5. 2026-06-13
   days on market $179,000 Active 30 DOM
6. 2026-06-09
   days on market $179,000 Active 26 DOM
7. 2026-06-08
   days on market $179,000 Active 25 DOM
8. 2026-06-07
   days on market $179,000 Active 24 DOM
9. 2026-06-04
   days on market $179,000 Active 21 DOM
10. 2026-06-03
    days on market $179,000 Active 20 DOM
11. 2026-06-02
    days on market $179,000 Active 19 DOM
12. 2026-06-01
    days on market $179,000 Active 18 DOM
13. 2026-05-31
    days on market $179,000 Active 17 DOM
14. 2026-05-14
    listed $179,000 Active
15. 2026-04-14
    historical
16. 2026-01-29
    listed Active
17. 2026-01-29
    historical
18. 2026-01-13
    listed Active
19. 2026-01-13
    historical
20. 2026-01-06
    listed Active
21. 2025-12-02
    historical
22. 2025-11-22
    listed Active
23. 2018-02-27
    soldstatus $104,000
24. 2018-02-23
    soldstatus $103,800 Closed Sale
25. 2017-12-18
    status Contingent (Do Not Show)
26. 2017-10-31
    price $104,900
27. 2017-06-22
    listed $119,000 New
28. 2016-07-28
    historical
29. 2016-06-27
    price
30. 2016-06-10
    price
31. 2016-05-11
    listed New
32. 2016-05-06
    historical
33. 2015-12-12
    price
34. 2015-11-21
    price
35. 2015-10-14
    price
36. 2015-10-07
    price
37. 2015-09-17
    listed New
38. 2015-09-14
    historical
39. 2015-02-24
    listed New
40. 2010-03-23
    soldstatus $50,500 Closed Sale
41. 2010-02-19
    historical Contingent
42. 2010-02-03
    price $56,900 Price Change
43. 2010-02-01
    price $59,900 Reactivated
44. 2010-02-01
    status Reactivated
45. 2009-12-17
    price $40,000
46. 2009-12-11
    price $50,000
47. 2009-11-06
    price $30,000 Pending
48. 2009-11-06
    status Pending
49. 2009-09-07
    historical
50. 2009-08-27
    price $69,000 Price Change

ⓘ 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 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,714
• − Mortgage interest: −$10,027
• − Property taxes: −$2,685
• − Insurance: −$895
• − Repairs & maintenance: −$2,217
• − Management: −$2,217
• − Depreciation: −$5,207
• Taxable income: $4,466
• Est. tax owed @ 24.0%: −$1,072
• After-tax cash flow: $5,978/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: Bremen Chsd 228
• NCES district ID: 1707050
• Math proficiency: 15% ▼ -4.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $57,625
• Composite: 15.32/100
• National rank: #9327
• State rank: #468 of 620 in IL

Livability — Country Club Hills

• Score: 75/100
• State rank: #212
• US rank: #3963

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Country Club Hills, IL
• City population: 16,549
• Population (ZIP): 16,549

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 (87%)
• Race & ethnicity: Black 87% White 8% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Romanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -79.73%
• Current HPI: 212.3917
• Rent YoY: —
• Metro: —
• 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

+226.0% since first listed

50 events — show timeline

• 2026-05-14 Listed $179,000 MRED as Distributed by MLS Grid
• 2026-04-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-29 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-29 Listed — MRED as Distributed by MLS Grid
• 2026-01-13 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-13 Listed — MRED as Distributed by MLS Grid
• 2026-01-06 Listed — MRED as Distributed by MLS Grid
• 2025-12-02 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-22 Listed — MRED as Distributed by MLS Grid
• 2018-02-27 Sold (Public Records) $104,000 Public Records
• 2018-02-23 Sold (MLS) $103,800 MRED as Distributed by MLS Grid
• 2017-12-18 Pending — MRED as Distributed by MLS Grid
• 2017-10-31 Price Changed $104,900 MRED as Distributed by MLS Grid
• 2017-06-22 Listed $119,000 MRED as Distributed by MLS Grid
• 2016-07-28 Listing Removed — MRED as Distributed by MLS Grid
• 2016-06-27 Price Changed — MRED as Distributed by MLS Grid
• 2016-06-10 Price Changed — MRED as Distributed by MLS Grid
• 2016-05-11 Listed — MRED as Distributed by MLS Grid
• 2016-05-06 Listing Removed — MRED as Distributed by MLS Grid
• 2015-12-12 Price Changed — MRED as Distributed by MLS Grid
• 2015-11-21 Price Changed — MRED as Distributed by MLS Grid
• 2015-10-14 Price Changed — MRED as Distributed by MLS Grid
• 2015-10-07 Price Changed — MRED as Distributed by MLS Grid
• 2015-09-17 Listed — MRED as Distributed by MLS Grid
• 2015-09-14 Listing Removed — MRED as Distributed by MLS Grid
• 2015-02-24 Listed — MRED as Distributed by MLS Grid
• 2010-03-23 Sold (MLS) $50,500 MRED as Distributed by MLS Grid
• 2010-02-19 Contingent — MRED as Distributed by MLS Grid
• 2010-02-03 Price Changed $56,900 MRED as Distributed by MLS Grid
• 2010-02-01 Relisted — MRED as Distributed by MLS Grid
• 2010-02-01 Price Changed $59,900 MRED as Distributed by MLS Grid
• 2009-12-17 Price Changed $40,000 MRED as Distributed by MLS Grid
• 2009-12-11 Price Changed $50,000 MRED as Distributed by MLS Grid
• 2009-11-06 Pending — MRED as Distributed by MLS Grid
• 2009-11-06 Price Changed $30,000 MRED as Distributed by MLS Grid
• 2009-09-07 Listing Removed — MRED as Distributed by MLS Grid
• 2009-08-27 Price Changed $69,000 MRED as Distributed by MLS Grid
• 2009-08-21 Relisted — MRED as Distributed by MLS Grid
• 2009-08-21 Price Changed $75,000 MRED as Distributed by MLS Grid
• 2009-07-17 Contingent — MRED as Distributed by MLS Grid
• 2009-07-08 Price Changed $49,000 MRED as Distributed by MLS Grid
• 2009-07-02 Price Changed $55,000 MRED as Distributed by MLS Grid
• 2009-06-26 Price Changed $60,000 MRED as Distributed by MLS Grid
• 2009-06-19 Price Changed $70,000 MRED as Distributed by MLS Grid
• 2009-06-12 Price Changed $90,000 MRED as Distributed by MLS Grid
• 2009-06-09 Price Changed $110,000 MRED as Distributed by MLS Grid
• 2009-06-03 Price Changed $120,000 MRED as Distributed by MLS Grid
• 2009-05-27 Price Changed $140,000 MRED as Distributed by MLS Grid
• 2009-05-22 Listed $170,000 MRED as Distributed by MLS Grid
• 1987-01-06 Sold (Public Records) $54,900 Public Records

Property tax history

+5.8%/yr

Latest (2023): $8,965 · +27.1% YoY. Source: county tax records.