268 E 140th Pl · Dolton, IL 60419

$145,000

3 bd · 1.0 ba · 1,146 sqft · SingleFamily public records · 33 Days on market

Built 1947 Est $118k · 23% over

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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 +29.8/30.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• Rent growth +4.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Attention investors! Updated 4 bed / 2 bath property with stable voucher tenant in place - $2623/mo. Ideal armchair investment opportunity for a new or experienced investor. Can be purchased individually or as part of a small portfolio. Eligible for 10% down pure investment financing from our preferred lending partner.

Key facts

• Garage
• Built 1947
• Listed 33 days

Property features AI

Finance

• Other: Rehab completed in 2024
• Financial info: Property currently being leased; Special service area: No
• HOA & community: No master association fee required

Exterior

• Parking: 3 total parking spaces; Detached garage (1 garage space, owned)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2-story; Fee simple ownership; Property was rehabilitated in 2024; Built before 1978
• Construction: Brick construction
• Exterior features: Less than 0.25-acre lot; Lot dimensions approximately 3000

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 4 bedrooms (Master bedroom on main level; additional bedrooms on main and second levels)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating
• Interior features: Finished full basement; 7 total rooms
• Laundry & utility: Basement laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% 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; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 44% of the median local income ($58k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $41k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $19k; list at $145k implies a 667% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 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 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.47% ✓
• Cap rate: 10.69%
• Cash-on-cash: 15.72%
• DSCR: 1.70
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $118,038
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14129 S Michigan Ave	0.30mi	3/2.0	1,146 (0%)	4mo	$200,000	$175	79
228 E 141st St	0.09mi	4/2.0 (+1)	1,200 (+5%)	1mo	$235,000	$196	78
14234 S Michigan Ave	0.40mi	3/1.0	1,102 (-4%)	3mo	$114,000	$103	73
201 E 143rd St	0.34mi	4/2.0 (+1)	1,129 (-2%)	0mo	$95,000	$84	72
14231 S Dearborn St	0.52mi	3/1.0	1,116 (-3%)	3mo	$178,000	$159	69
14235 S Dearborn St	0.53mi	3/1.5	1,091 (-5%)	4mo	$80,000	$73	62
14135 S La Salle St	0.60mi	3/1.5	1,210 (+6%)	1mo	$60,000	$50	60
14525 S Michigan Ave	0.68mi	3/1.0	1,200 (+5%)	2mo	$190,000	$158	59
506 E 144th St	0.48mi	3/1.0	1,020 (-11%)	2mo	$48,500	$48	58
13829 S State St	0.47mi	3/1.5	1,000 (-13%)	2mo	$80,000	$80	53
14102 S Clark St	0.55mi	3/1.0	1,272 (+11%)	3mo	$90,000	$71	53
14231 S State St	0.47mi	2/1.0 (-1)	1,000 (-13%)	0mo	$145,000	$145	52

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: 12.6%
• Equity multiple: 1.54×
• Total profit: $21,742
• Equity at exit: $21,620

10-year hold

• IRR: 25.5%
• Equity multiple: 3.81×
• Total profit: $114,217
• Equity at exit: $12,537

Cash invested: $40,600 (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: 5.7×

Monthly cashflow live

• Estimated rent: $2,127 high
• Mortgage (P&I): −$760
• Tax from tax record: −$328 /mo · $3,936/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $532

Break-even live

Break-even rent $1,454

Max offer price $145,000

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14124 Manor Ave Dolton, IL	3.0	2.0	1440	$2,390	$1.66	24d	1	0.14mi
13841 Forest Ave Dolton, IL	3.0	1.0	930	$1,895	$2.04	24d	1	0.27mi
13810 S La Salle St #1 Riverdale, IL	3.0	1.0	800	$1,550	$1.94	2d	1	0.68mi
14305 Irving Ave Unit 2 Dolton, IL	3.0	1.0	1100	$2,200	$2.00	24d	1	0.69mi
14101 S Atlantic Ave Riverdale, IL	2.0	1.0	790	$1,140	$1.44	8d	1	0.73mi
13708 S Wentworth Ave Riverdale, IL	3.0	1.5	1500	$2,200	$1.47	22d	1	0.79mi
13604 S Wentworth Ave Riverdale, IL	3.0	1.0	1100	$1,200	$1.09	24d	1	0.86mi
14015 S Stewart Ave Unit 2W Riverdale, IL	2.0	1.0	800	$1,400	$1.75	24d	1	0.90mi
14500 Cottage Grove Ave Unit 3 Dolton, IL	2.0	1.0	1000	$1,475	$1.48	24d	1	0.99mi
14844 Wabash Ave Dolton, IL	3.0	1.5	1277	$2,320	$1.82	24d	1	1.12mi
14817 Champlain Ave Dolton, IL	2.0	1.0	980	$2,430	$2.48	22d	1	1.20mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	24d	1	1.32mi
724 W 138th St Unit 3 Riverdale, IL	2.0	1.0	800	$1,250	$1.56	19d	1	1.37mi
14433 Woodlawn Ave Dolton, IL	4.0	2.0	1300	$2,000	$1.54	19d	1	1.46mi

Listing history 30 events

1. 2026-06-18
   days on market $145,000 Active 33 DOM
2. 2026-06-17
   days on market $145,000 Active 32 DOM
3. 2026-06-16
   days on market $145,000 Active 31 DOM
4. 2026-06-15
   days on market $145,000 Active 30 DOM
5. 2026-06-13
   days on market $145,000 Active 28 DOM
6. 2026-06-13
   days on market $145,000 Active 27 DOM
7. 2026-06-10
   price $145,000 Active 24 DOM
8. 2026-06-09
   days on market $155,000 Active 24 DOM
9. 2026-06-08
   days on market $155,000 Active 23 DOM
10. 2026-06-07
    days on market $155,000 Active 22 DOM
11. 2026-06-04
    days on market $155,000 Active 19 DOM
12. 2026-06-03
    days on market $155,000 Active 18 DOM
13. 2026-06-02
    days on market $155,000 Active 17 DOM
14. 2026-06-01
    days on market $155,000 Active 16 DOM
15. 2026-05-31
    days on market $155,000 Active 15 DOM
16. 2026-05-15
    listed $155,000 Active
17. 2025-07-14
    historical
18. 2025-05-13
    price
19. 2025-04-15
    price
20. 2025-04-01
    price
21. 2025-03-22
    listed Active
22. 2024-12-19
    historical
23. 2024-07-11
    listed Active
24. 2024-06-12
    historical
25. 2012-06-05
    soldstatus $18,900 Closed Sale
26. 2012-04-30
    status Pending
27. 2012-04-10
    listed $17,900 New
28. 1998-11-12
    soldstatus $71,710
29. 1986-12-11
    soldstatus $49,200
30. 1986-12-11
    soldstatus $49,200

ⓘ 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: $3,936 · $328/mo
• Projected year-2 tax: $3,936 · $328/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 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: $25,529
• − Mortgage interest: −$8,122
• − Property taxes: −$3,936
• − Insurance: −$725
• − Repairs & maintenance: −$2,042
• − Management: −$2,042
• − Depreciation: −$4,218
• Taxable income: $4,443
• Est. tax owed @ 24.0%: −$1,066
• After-tax cash flow: $5,316/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

+215.0% since first listed

15 events — show timeline

• 2026-05-15 Listed $155,000 MRED as Distributed by MLS Grid
• 2025-07-14 Listing Removed — MRED as Distributed by MLS Grid
• 2025-05-13 Price Changed — MRED as Distributed by MLS Grid
• 2025-04-15 Price Changed — MRED as Distributed by MLS Grid
• 2025-04-01 Price Changed — MRED as Distributed by MLS Grid
• 2025-03-22 Listed — MRED as Distributed by MLS Grid
• 2024-12-19 Listing Removed — MRED as Distributed by MLS Grid
• 2024-07-11 Listed — MRED as Distributed by MLS Grid
• 2024-06-12 Listing Removed — MRED as Distributed by MLS Grid
• 2012-06-05 Sold (MLS) $18,900 MRED as Distributed by MLS Grid
• 2012-04-30 Pending — MRED as Distributed by MLS Grid
• 2012-04-10 Listed $17,900 MRED as Distributed by MLS Grid
• 1998-11-12 Sold (Public Records) $71,710 Public Records
• 1986-12-11 Sold (Public Records) $49,200 Public Records
• 1986-12-11 Sold (Public Records) $49,200 Public Records

Property tax history

+3.2%/yr

Latest (2023): $3,936 · +50.4% YoY. Source: county tax records.