927 E 148th St · Dolton, IL 60419

$220,000

3 bd · 2.5 ba · 889 sqft · SingleFamily public records · 116 Days on market

Built 1971 5,000 sqft lot

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Why this score? — see what drove the C- 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 +19.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.3/10.0
• 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

This beautifully renovated brick split-level home, located on a private cul-de-sac, offers modern living at its finest. The spacious eat-in kitchen features custom white shaker cabinets, a central island, high-end stainless steel appliances, and quartz countertops. The open-concept layout seamlessly connects the kitchen, dining, and living areas, perfect for entertaining or family time. Enjoy the convenience of an expansive, fenced-in backyard that includes a new concrete driveway and a custom-built 2-car garage. Modern upgrades in the last 3 years include new plumbing, electrical work with can lighting, and a central air conditioning system. This home is a must-see! Conveniently located ne

Key facts

• Central island
• Quartz countertops
• Private cul-de-sac

Tags

• PRIVATE CUL-DE-SAC
• SPACIOUS EAT-IN KITCHEN
• CUSTOM WHITE SHAKER CABINETS
• CENTRAL ISLAND
• QUARTZ COUNTERTOPS
• OPEN-CONCEPT LAYOUT

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with 2 garage spaces; Concrete driveway; Garage door opener; Owned garage
• Utilities: Water source: Lake Michigan; Public sewer; Electric service with circuit breakers
• Home design: Detached single-family home; Tri-level / split-level design; Fee simple ownership; Rehab completed in 2021; Estimated living area; Built before 1978
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Age approximately 51–60 years
• Exterior features: Patio; Fenced lot; Wooded lot

Interior

• Kitchen: Eating area/table space and island; Custom cabinetry; Stainless steel appliances
• Bedrooms: Primary bedroom on second level (13 x 10) with full bath; Second bedroom on second level (13 x 9) with hardwood flooring; Third bedroom on lower level (13 x 13) with carpet
• Flooring: Hardwood flooring in kitchen, living room, dining room, and primary/second bedrooms; Carpet in lower-level bedroom; Other flooring in laundry
• Bathrooms: Two full bathrooms (including a full bath in the primary bedroom); Basement bathroom present
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Finished basement with exterior entry and walk-out access; Unfinished attic; Kitchen/dining combo
• Laundry & utility: Lower-level laundry room (9 x 11)

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $261 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $200k (9.0% below list) — sets the bar for market timing.

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; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 $2,255/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $62k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 116 days — a 9% lower offer ($200k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 19y ago; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $200,200 (9.0% below list)

Questions for the listing agent

1. It's been on market 116 days. Have you received any prior offers? Is the seller open to a 9% 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. 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: 1.03% ✓
• Cap rate: 7.72%
• Cash-on-cash: 5.09%
• DSCR: 1.23
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $130,683
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14647 Irving Ave	0.46mi	3/2.0	889 (0%)	2mo	$138,000	$155	75
14840 Langley Ave	0.34mi	2/1.0 (-1)	936 (+5%)	2mo	$37,000	$40	62
14835 Evans Ave	0.25mi	2/1.0 (-1)	975 (+10%)	6mo	$139,900	$143	56
14819 Irving Ave	0.43mi	3/1.0	980 (+10%)	4mo	$130,000	$133	54
14534 Woodlawn Ave	0.42mi	4/1.0 (+1)	963 (+8%)	5mo	$170,000	$177	51
14915 Irving Ave	0.46mi	2/1.0 (-1)	980 (+10%)	4mo	$68,000	$69	48
14731 Kimbark Ave	0.46mi	3/1.0	1,017 (+14%)	2mo	$115,000	$113	47
14642 Dorchester Ave	0.57mi	3/1.0	1,013 (+14%)	1mo	$170,000	$168	44
14728 Kenwood Ave	0.49mi	3/1.0	1,017 (+14%)	5mo	$156,000	$153	43
14622 Kenwood Ave	0.53mi	3/1.0	1,017 (+14%)	5mo	$110,000	$108	42
14738 Blackstone Ave	0.67mi	3/1.0	1,017 (+14%)	1mo	$150,000	$147	38
14610 Blackstone Ave	0.71mi	3/1.0	1,017 (+14%)	1mo	$150,000	$147	36

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: -2.9%
• Equity multiple: 0.89×
• Total profit: $-7,045
• Equity at exit: $32,803

10-year hold

• IRR: 11.7%
• Equity multiple: 2.13×
• Total profit: $69,695
• Equity at exit: $19,022

Cash invested: $61,600 (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: 8.1×

Monthly cashflow live

• Estimated rent: $2,255 high
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $261

Break-even live

Break-even rent $1,925

Max offer price $220,000

Occupancy floor 83%

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14817 Champlain Ave Dolton, IL	2.0	1.0	980	$2,430	$2.48	22d	1	0.37mi
14500 Cottage Grove Ave Unit 3 Dolton, IL	2.0	1.0	1000	$1,475	$1.48	24d	1	0.47mi
14738 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	10d	1	0.67mi
14610 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	6d	1	0.71mi
14305 Irving Ave Unit 2 Dolton, IL	3.0	1.0	1100	$2,200	$2.00	24d	1	0.76mi
15238 Doctor Martin Luther King Junior Dr Unit 2W Dolton, IL	2.0	1.0	800	$1,500	$1.88	10d	1	0.92mi
405 Clyde Ave Calumet City, IL	3.0	1.0	973	$2,300	$2.36	1d	1	1.20mi
1860 State St Calumet City, IL	3.0	1.0	1100	$1,800	$1.64	17d	1	1.25mi
13841 Forest Ave Dolton, IL	3.0	1.0	930	$1,895	$2.04	24d	1	1.47mi

Listing history 50 events

1. 2026-06-18
   days on market $220,000 Active 116 DOM
2. 2026-06-17
   pricedays on market $220,000 Active 115 DOM
3. 2026-06-16
   days on market $240,000 Active 114 DOM
4. 2026-06-15
   days on market $240,000 Active 113 DOM
5. 2026-06-13
   days on market $240,000 Active 111 DOM
6. 2026-06-13
   days on market $240,000 Active 110 DOM
7. 2026-06-09
   days on market $240,000 Active 107 DOM
8. 2026-06-08
   days on market $240,000 Active 106 DOM
9. 2026-06-08
   statusdays on market $240,000 Active 105 DOM
10. 2026-06-04
    days on market $240,000 Contingent - Continue to Show 177 DOM
11. 2026-06-03
    days on market $240,000 Contingent - Continue to Show 176 DOM
12. 2026-06-02
    days on market $240,000 Contingent - Continue to Show 175 DOM
13. 2026-06-01
    days on market $240,000 Contingent - Continue to Show 174 DOM
14. 2026-05-31
    days on market $240,000 Contingent - Continue to Show 173 DOM
15. 2026-03-25
    historical Contingent - Continue to Show
16. 2026-02-26
    price $240,000
17. 2025-12-09
    listed $245,000 Active
18. 2025-04-16
    historical
19. 2025-03-04
    listed Active
20. 2025-02-13
    historical
21. 2024-10-29
    price
22. 2024-09-30
    price
23. 2024-09-17
    price
24. 2024-09-05
    listed Active
25. 2022-03-08
    soldstatus $210,000
26. 2022-02-28
    soldstatus $210,000 Closed
27. 2022-02-15
    historical Contingent - No Showings
28. 2022-01-16
    status Active Under Contract (Do Not Show)
29. 2022-01-14
    listed $199,999 Active
30. 2021-12-07
    status Active Under Contract
31. 2021-12-06
    historical
32. 2021-11-23
    price
33. 2021-11-09
    price
34. 2021-10-27
    status Active
35. 2021-10-25
    status Active Under Contract
36. 2021-10-13
    price
37. 2021-09-29
    listed Active
38. 2021-08-09
    soldstatus $75,000 Closed
39. 2021-07-28
    soldstatus $75,000
40. 2021-07-14
    status Active Under Contract
41. 2021-05-21
    status Contingent
42. 2021-05-03
    listed $85,000 New
43. 2020-12-31
    historical
44. 2020-12-04
    price
45. 2020-12-03
    status Reactivated
46. 2020-11-09
    status Contingent
47. 2020-11-03
    price
48. 2020-09-04
    price
49. 2020-08-06
    listed New
50. 2019-03-18
    historical

ⓘ 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: $27,065
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,165
• − Management: −$2,165
• − Depreciation: −$6,400
• Taxable loss: −$388
• Est. tax savings @ 24.0%: +$93
• After-tax cash flow: $3,230/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

+92.0% since first listed

47 events — show timeline

• 2026-03-25 Contingent — MRED as Distributed by MLS Grid
• 2026-02-26 Price Changed $240,000 MRED as Distributed by MLS Grid
• 2025-12-09 Listed $245,000 MRED as Distributed by MLS Grid
• 2025-04-16 Listing Removed — MRED as Distributed by MLS Grid
• 2025-03-04 Listed — MRED as Distributed by MLS Grid
• 2025-02-13 Listing Removed — MRED as Distributed by MLS Grid
• 2024-10-29 Price Changed — MRED as Distributed by MLS Grid
• 2024-09-30 Price Changed — MRED as Distributed by MLS Grid
• 2024-09-17 Price Changed — MRED as Distributed by MLS Grid
• 2024-09-05 Listed — MRED as Distributed by MLS Grid
• 2022-03-08 Sold (Public Records) $210,000 Public Records
• 2022-02-28 Sold (MLS) $210,000 MRED as Distributed by MLS Grid
• 2022-02-15 Contingent — MRED as Distributed by MLS Grid
• 2022-01-16 Pending — MRED as Distributed by MLS Grid
• 2022-01-14 Listed $199,999 MRED as Distributed by MLS Grid
• 2021-12-07 Pending — MRED as Distributed by MLS Grid
• 2021-12-06 Listing Removed — MRED as Distributed by MLS Grid
• 2021-11-23 Price Changed — MRED as Distributed by MLS Grid
• 2021-11-09 Price Changed — MRED as Distributed by MLS Grid
• 2021-10-27 Relisted — MRED as Distributed by MLS Grid
• 2021-10-25 Pending — MRED as Distributed by MLS Grid
• 2021-10-13 Price Changed — MRED as Distributed by MLS Grid
• 2021-09-29 Listed — MRED as Distributed by MLS Grid
• 2021-08-09 Sold (MLS) $75,000 MRED as Distributed by MLS Grid
• 2021-07-28 Sold (Public Records) $75,000 Public Records
• 2021-07-14 Pending — MRED as Distributed by MLS Grid
• 2021-05-21 Pending — MRED as Distributed by MLS Grid
• 2021-05-03 Listed $85,000 MRED as Distributed by MLS Grid
• 2020-12-31 Listing Removed — MRED as Distributed by MLS Grid
• 2020-12-04 Price Changed — MRED as Distributed by MLS Grid
• 2020-12-03 Relisted — MRED as Distributed by MLS Grid
• 2020-11-09 Pending — MRED as Distributed by MLS Grid
• 2020-11-03 Price Changed — MRED as Distributed by MLS Grid
• 2020-09-04 Price Changed — MRED as Distributed by MLS Grid
• 2020-08-06 Listed — MRED as Distributed by MLS Grid
• 2019-03-18 Listing Removed — MRED as Distributed by MLS Grid
• 2018-11-12 Listed — MRED as Distributed by MLS Grid
• 2018-11-10 Listing Removed — MRED as Distributed by MLS Grid
• 2018-08-15 Price Changed — MRED as Distributed by MLS Grid
• 2018-08-01 Price Changed — MRED as Distributed by MLS Grid
• 2018-07-18 Listed — MRED as Distributed by MLS Grid
• 2017-01-19 Sold (Public Records) $48,000 Public Records
• 2008-06-18 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-08 Listed — MRED as Distributed by MLS Grid
• 2008-03-11 Listing Removed — MRED as Distributed by MLS Grid
• 2007-10-01 Listed — MRED as Distributed by MLS Grid
• 2006-08-29 Sold (Public Records) $125,000 Public Records

Property tax history

+7.2%/yr

Latest (2023): $11,284 · +37.7% YoY. Source: county tax records.