15501 Maryland Ave · Dolton, IL 60419

$151,000

3 bd · 1.5 ba · 1,265 sqft · SingleFamily public records · 6 Days on market

Built 1958 5,850 sqft lot Est $194k · 22% 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 MLS

CORNER BRICK RANCH WITH LARGE FENCED IN YARD. THREE BEDROOMS, LARGE KITCHEN WITH EATING AREA, HARDWOOD FLOORS THRU-OUT, NEWER FURNACE, ROOF, CENTRAL AIR AND OVERHEAD SEWER SYSTEM. BASEMENT WITH FULL BATH. CLOSE TO SHOPPING AND TRANSPORTATION.

Key facts

• Large backyard
• Ranch-style home
• Bright living room

Tags

• RANCH-STYLE HOME
• BRIGHT LIVING ROOM
• EAT-IN KITCHEN
• SEMI-FINISHED BASEMENT
• DEDICATED LAUNDRY AREA
• LARGE BACKYARD

Property features AI

Finance

• Other: Commuter bus service nearby; Possession at closing
• HOA & community: No master association fee required

Exterior

• Utilities: Water from Lake Michigan and public supply; Public sewer
• Home design: Detached single-family raised ranch; Ownership: Fee simple; Built before 1978 (61–70 years old)
• Construction: Brick construction
• Exterior features: Lot under 0.25 acre; Lot dimensions: 5,852 sq ft

Interior

• Kitchen: Kitchen with eating area/table space
• Bedrooms: 3 bedrooms (all on the main level); Master bedroom on the main level
• Flooring: Hardwood flooring in bedrooms; Hardwood flooring in other areas; Vinyl flooring in kitchen; Carpet in living room; Other flooring in basement laundry
• Bathrooms: 2 full bathrooms; Basement bathroom present
• Heating & cooling: Natural gas forced-air heating
• Interior features: Partially finished full basement; 6 total rooms; Curtains/drapes on living room windows
• Laundry & utility: Basement laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $151k.

Deal economics

• At list price, monthly cash flow is $703 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $151k).
• Cap rate 11.9% vs local median 9.3% in Dolton — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• At $2,746/mo this rent would consume 57% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $42k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $41k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $130k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.9% of price; built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $151,000

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.82% ✓
• Cap rate: 11.88%
• Cash-on-cash: 19.96%
• DSCR: 1.89
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $193,545
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15505 Drexel Ave	0.06mi	4/2.0 (+1)	1,200 (-5%)	2mo	$205,000	$171	80
615 E 156th Pl	0.35mi	3/2.0	1,300 (+3%)	2mo	$198,650	$153	76
15265 Drexel Ave	0.32mi	3/2.0	1,344 (+6%)	2mo	$155,000	$115	71
717 E 154th St	0.21mi	3/1.0	1,120 (-12%)	2mo	$177,000	$158	68
15509 Rose Dr	0.14mi	2/1.0 (-1)	1,100 (-13%)	0mo	$135,000	$123	64
686 E 155th St	0.21mi	2/1.0 (-1)	1,400 (+11%)	2mo	$157,000	$112	64
15439 University Ave	0.37mi	3/1.5	1,428 (+13%)	1mo	$250,000	$175	60
618 E 159th Pl	0.60mi	4/2.0 (+1)	1,294 (+2%)	2mo	$236,000	$182	60
746 E 157th St	0.27mi	4/2.0 (+1)	1,403 (+11%)	3mo	$180,000	$128	60
15518 Maple St	0.47mi	4/2.0 (+1)	1,345 (+6%)	1mo	$120,000	$89	60
619 E 152nd St	0.65mi	3/1.5	1,146 (-9%)	1mo	$153,000	$134	54
14927 Cottage Grove Ave	0.69mi	3/2.0	1,095 (-13%)	1mo	$250,000	$228	43

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: 19.0%
• Equity multiple: 1.83×
• Total profit: $35,128
• Equity at exit: $22,515

10-year hold

• IRR: 31.2%
• Equity multiple: 4.68×
• Total profit: $155,522
• Equity at exit: $13,056

Cash invested: $42,280 (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: 4.6×

Monthly cashflow live

• Estimated rent: $2,746 high
• Mortgage (P&I): −$792
• Tax from tax record: −$611 /mo · $7,334/yr
• Insurance: −$63
• HOA: −$0
• Vacancy / Maint / Mgmt: −$577
• Net cashflow: $703

Break-even live

Break-even rent $1,856

Max offer price $151,000

Occupancy floor 69%

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: $37,750
• Closing costs: $4,530
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	24d	1	0.37mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	7d	1	0.37mi
15231 Hastings Dr Dolton, IL	4.0	1.5	1487	$2,146	$1.44	7d	1	0.58mi
15707 Dante Dr South Holland, IL	3.0	2.0	1800	$2,950	$1.64	2d	1	0.74mi
16001 Avalon Ave South Holland, IL	3.0	2.0	1136	$3,330	$2.93	6d	1	0.75mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	24d	1	0.78mi
14817 Champlain Ave Dolton, IL	2.0	1.0	980	$2,430	$2.48	21d	1	0.90mi
16246 Dobson Ave South Holland, IL	3.0	2.0	1250	$3,170	$2.54	1d	1	0.95mi
14716 Dorchester Ave Dolton, IL	3.0	2.0	1250	$2,800	$2.24	19d	1	1.19mi
14738 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	10d	1	1.22mi
15400 Merrill Ave South Holland, IL	4.0	2.0	1508	$3,330	$2.21	21d	1	1.29mi
660 Clyde Ave Calumet City, IL	3.0	1.5	1400	$1,750	$1.25	3d	1	1.30mi
14500 Cottage Grove Ave Unit 3 Dolton, IL	2.0	1.0	1000	$1,475	$1.48	24d	1	1.32mi
14610 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	6d	1	1.37mi
409 Madison Ave Unit 2 Calumet City, IL	3.0	1.5	1200	$1,795	$1.50	3d	1	1.39mi
14433 Woodlawn Ave Dolton, IL	4.0	2.0	1300	$2,000	$1.54	18d	1	1.40mi
1429 Kasten Dr Dolton, IL	3.0	1.0	1600	$2,500	$1.56	1d	1	1.41mi
659 Paxton Ave Calumet City, IL	3.0	2.0	1255	$2,461	$1.96	10d	1	1.45mi

Listing history 27 events

1. 2026-06-18
   price $151,000 Active 6 DOM
2. 2026-06-18
   days on market $153,000 Active 6 DOM
3. 2026-06-17
   days on market $153,000 Active 5 DOM
4. 2026-06-16
   days on market $153,000 Active 4 DOM
5. 2026-06-15
   days on market $153,000 Active 3 DOM
6. 2026-06-13
   days on marketlisting id $153,000 Active 1 DOM
7. 2026-06-09
   days on market $153,000 Active 236 DOM
8. 2026-06-08
   days on market $153,000 Active 235 DOM
9. 2026-06-07
   days on market $153,000 Active 234 DOM
10. 2026-06-04
    days on market $153,000 Active 231 DOM
11. 2026-06-03
    days on market $153,000 Active 230 DOM
12. 2026-06-02
    days on market $153,000 Active 229 DOM
13. 2026-06-01
    days on market $153,000 Active 228 DOM
14. 2026-05-31
    days on market $153,000 Active 227 DOM
15. 2026-04-24
    price $153,000
16. 2026-03-27
    price $158,000
17. 2026-02-27
    price $163,000
18. 2026-01-30
    price $168,000
19. 2026-01-09
    price $173,000
20. 2025-12-05
    price $178,000
21. 2025-11-07
    price $184,000
22. 2025-10-16
    listed $192,000 Active
23. 2015-12-09
    soldstatus $130,500
24. 2013-08-20
    soldstatus $45,000
25. 2013-08-14
    soldstatus $45,000 Closed Sale 243-char remark

    Show marketing remark (243 chars)

    CORNER BRICK RANCH WITH LARGE FENCED IN YARD. THREE BEDROOMS, LARGE KITCHEN WITH EATING AREA, HARDWOOD FLOORS THRU-OUT, NEWER FURNACE, ROOF, CENTRAL AIR AND OVERHEAD SEWER SYSTEM. BASEMENT WITH FULL BATH. CLOSE TO SHOPPING AND TRANSPORTATION.

26. 2013-08-01
    status Pending 243-char remark

    Show marketing remark (243 chars)

    CORNER BRICK RANCH WITH LARGE FENCED IN YARD. THREE BEDROOMS, LARGE KITCHEN WITH EATING AREA, HARDWOOD FLOORS THRU-OUT, NEWER FURNACE, ROOF, CENTRAL AIR AND OVERHEAD SEWER SYSTEM. BASEMENT WITH FULL BATH. CLOSE TO SHOPPING AND TRANSPORTATION.

27. 2013-06-05
    listed $59,500 New 243-char remark

    Show marketing remark (243 chars)

    CORNER BRICK RANCH WITH LARGE FENCED IN YARD. THREE BEDROOMS, LARGE KITCHEN WITH EATING AREA, HARDWOOD FLOORS THRU-OUT, NEWER FURNACE, ROOF, CENTRAL AIR AND OVERHEAD SEWER SYSTEM. BASEMENT WITH FULL BATH. CLOSE TO SHOPPING AND TRANSPORTATION.

ⓘ 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: $7,334 · $611/mo
• Projected year-2 tax: $7,334 · $611/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 3/10 Moderate FEMA zone X (unshaded) · 20% 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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,949
• − Mortgage interest: −$8,458
• − Property taxes: −$7,334
• − Insurance: −$755
• − Repairs & maintenance: −$2,636
• − Management: −$2,636
• − Depreciation: −$4,393
• Taxable income: $6,737
• Est. tax owed @ 24.0%: −$1,617
• After-tax cash flow: $6,821/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

+157.1% since first listed

13 events — show timeline

• 2026-04-24 Price Changed $153,000 MRED as Distributed by MLS Grid
• 2026-03-27 Price Changed $158,000 MRED as Distributed by MLS Grid
• 2026-02-27 Price Changed $163,000 MRED as Distributed by MLS Grid
• 2026-01-30 Price Changed $168,000 MRED as Distributed by MLS Grid
• 2026-01-09 Price Changed $173,000 MRED as Distributed by MLS Grid
• 2025-12-05 Price Changed $178,000 MRED as Distributed by MLS Grid
• 2025-11-07 Price Changed $184,000 MRED as Distributed by MLS Grid
• 2025-10-16 Listed $192,000 MRED as Distributed by MLS Grid
• 2015-12-09 Sold (Public Records) $130,500 Public Records
• 2013-08-20 Sold (Public Records) $45,000 Public Records
• 2013-08-14 Sold (MLS) $45,000 MRED as Distributed by MLS Grid
• 2013-08-01 Pending — MRED as Distributed by MLS Grid
• 2013-06-05 Listed $59,500 MRED as Distributed by MLS Grid

Property tax history

+13.2%/yr

Latest (2023): $7,334 · -0.3% YoY. Source: county tax records.