3626 149th St · Midlothian, IL 60445

$109,900

2 bd · 1.0 ba · 873 sqft · SingleFamily public records · 44 Days on market

Built 1924 Est $195k · 44% 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 +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +8.2/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Don't Miss Out!!! This is an excellent opportunity to own a cozy 2 bedroom 1 bathroom home in the Village of Midlothian. The home sits on 2 lots, has a cozy layout, and has a large and front backyard for entertaining. The property is located near schools, parks, retail, and public transportation.

Key facts

• 2 garage spots
• Built 1924
• Listed 44 days

Property features AI

Finance

• Other: Fee simple ownership
• HOA & community: No master association fee required

Exterior

• Parking: Detached, owned garage (2 garage spaces, 2 total parking spaces)
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Built over 100 years ago; Aluminum and vinyl siding with frame construction; Asphalt roof
• Exterior features: Lot under 0.25 acre; School bus service and commuter train access

Interior

• Kitchen: Kitchen on main level; Vinyl flooring in kitchen
• Bedrooms: 2 bedrooms (both on main level); Master bedroom on main level
• Flooring: Carpet in living areas and bedrooms; Vinyl in kitchen and laundry
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Radiator heat
• Interior features: 5 total rooms; Unfinished attic
• Laundry & utility: Main-level laundry room (8 x 9) with vinyl flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.7% in Midlothian — 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 78/100 on livability (#133 in IL, #2,433 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D+, amenities D-.
• 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: Bremen High School (math 8% / reading 11%, grade F, #577 of 693 statewide, top 84%, 1,497 students, 0% FRL).
• Market conditions: 45 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 7d 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 $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $106,603 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 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 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 1.32% ✓
• Cap rate: 9.56%
• Cash-on-cash: 11.66%
• DSCR: 1.52
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $194,679
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14606 Trumbull Ave	0.40mi	2/1.0	880 (+1%)	18mo	$170,000	$193	65
14944 Terrace Ln	0.59mi	3/1.0 (+1)	894 (+2%)	1mo	$240,000	$268	62
14610 Sawyer Ave	0.58mi	3/1.0 (+1)	864 (-1%)	5mo	$175,000	$203	62
14837 Karlov Ave	0.56mi	2/1.0	936 (+7%)	3mo	$102,000	$109	59
14730 Homan Ave	0.31mi	2/1.0	800 (-8%)	15mo	$178,000	$223	59
14349 Millard Ave	0.63mi	2/1.0	887 (+2%)	17mo	$152,500	$172	54
14950 Terrace Ln	0.60mi	3/1.0 (+1)	900 (+3%)	12mo	$222,500	$247	52
14617 Trumbull Ave	0.41mi	2/1.0	1,000 (+14%)	6mo	$170,000	$170	52
14623 Homan Ave	0.44mi	2/1.0	974 (+12%)	10mo	$177,000	$182	52
14510 Sawyer Ave	0.65mi	3/1.5 (+1)	860 (-2%)	22mo	$230,000	$267	42
15208 Lawndale Ave	0.41mi	3/2.0 (+1)	1,000 (+14%)	19mo	$289,000	$289	32
15026 Keeler Ave	0.75mi	3/1.0 (+1)	989 (+13%)	14mo	$227,000	$230	26

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: -1.9%
• Equity multiple: 0.93×
• Total profit: $-2,193
• Equity at exit: $16,386

10-year hold

• IRR: 7.9%
• Equity multiple: 1.60×
• Total profit: $18,497
• Equity at exit: $9,502

Cash invested: $30,772 (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 60445

• Active inventory: 45
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,447 high
• Mortgage (P&I): −$576
• Tax from tax record: −$222 /mo · $2,661/yr
• Insurance: −$46
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $243

Break-even live

Break-even rent $1,139

Max offer price $109,900

Occupancy floor 78%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3542 147th St Midlothian, IL	2.0	1.0	817	$1,500	$1.84	6d	2	0.29mi
3349 147th St Unit 3240 06 Midlothian, IL	2.0	1.0	817	$1,500	$1.84	5d	1	0.40mi
14633 Keystone Ave Unit 3A Midlothian, IL	1.0	1.0	750	$1,200	$1.60	2d	1	0.59mi
14601 Keystone Ave Unit B1 Midlothian, IL	1.0	1.0	600	$1,200	$2.00	17d	1	0.61mi
14521 Richmond Ave Unit 3 Posen, IL	2.0	1.0	850	$1,375	$1.62	25d	1	1.00mi
14521 Richmond Ave Unit 1 Posen, IL	1.0	1.0	850	$1,275	$1.50	25d	1	1.00mi
13906 Central Park Ave Unit 2N Robbins, IL	3.0	2.0	900	$2,200	$2.44	1d	1	1.25mi

Listing history 15 events

1. 2026-06-18
   days on market $109,900 Active 44 DOM
2. 2026-06-17
   days on market $109,900 Active 43 DOM
3. 2026-06-16
   days on market $109,900 Active 42 DOM
4. 2026-06-15
   days on market $109,900 Active 41 DOM
5. 2026-06-13
   days on market $109,900 Active 39 DOM
6. 2026-06-09
   days on market $109,900 Active 35 DOM
7. 2026-06-08
   days on market $109,900 Active 34 DOM
8. 2026-06-07
   days on market $109,900 Active 33 DOM
9. 2026-06-04
   days on market $109,900 Active 30 DOM
10. 2026-06-03
    days on market $109,900 Active 29 DOM
11. 2026-06-02
    days on market $109,900 Active 28 DOM
12. 2026-06-02
    price $109,900 Active 27 DOM
13. 2026-06-01
    days on market $119,900 Active 27 DOM
14. 2026-05-31
    days on market $119,900 Active 26 DOM
15. 2026-05-05
    listed $119,900 Active

ⓘ 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: $2,661 · $222/mo
• Projected year-2 tax: $2,661 · $222/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°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: $17,361
• − Mortgage interest: −$6,156
• − Property taxes: −$2,661
• − Insurance: −$1,216
• − Repairs & maintenance: −$1,389
• − Management: −$1,389
• − Depreciation: −$3,197
• Taxable income: $1,353
• Est. tax owed @ 24.0%: −$325
• After-tax cash flow: $2,597/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 — Midlothian

• Score: 78/100
• State rank: #133
• US rank: #2433

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midlothian, IL
• City population: 14,445
• Population (ZIP): 14,445

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 50% Hispanic / Latino 32% Two or more races 17% Black 9% Asian 3%
• Hispanic origin (detail): Mexican 27% Puerto Rican 2%
• Common ancestry: Romanian 10% Italian 2% Iranian 2%
• Foreign-born: 13% · Canada
• Languages at home: 76% English-only · Spanish 18% Other Asian/Pacific 2% Arabic 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: ▼ -131.69%
• Current HPI: 197.4879
• 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

1 event — show timeline

• 2026-05-05 Listed $119,900 MRED as Distributed by MLS Grid

Property tax history

+29.4%/yr

Latest (2023): $2,661 · +25.5% YoY. Source: county tax records.