36 E 151st St · Harvey, IL 60426

$110,000

2 bd · 1.0 ba · 693 sqft · SingleFamily public records · 9 Days on market

Built 1914 5,500 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 +19.9/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.8/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks MLS

COZY 2 BEDROOM RANCH PERFECT AS A GREAT INVESTMENT OPPORTUNITY OR FIRST TIME HOMEBUYER. THIS IS NOT A SHORT SALE OR FORECLOSURE. PROPERTY SOLD AS IS; VILLAGE INSPECTION HAS BEEN DONE.

Key facts

• Recently updated
• Attached garage
• Spacious lot

Tags

• RECENTLY UPDATED
• FUNCTIONAL FLOOR PLAN
• BRAND-NEW APPLIANCES
• NEW ROOF
• ATTACHED GARAGE
• SPACIOUS LOT

Property features AI

Finance

• Other: Parcel number 29171010030000; Directions: From 147th St, head south on Ashland Ave, then east on 151st St to the property.
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage (1 garage space, 1 total parking space)
• Utilities: Water from Lake Michigan and public supply; Public sewer and storm sewer; Electric with circuit breakers
• Home design: Detached single-family home; Single-story; Fee simple ownership; Rehab completed in 2025; Over 100 years old (originally built before 1978)
• Construction: Frame construction
• Exterior features: Lot dimensions approximately 50 x 110; Lot under 0.25 acre

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: 4 total rooms
• Laundry & utility: Dedicated laundry room

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 $132 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).

Location & tenants

• Location reads 67/100 on livability (#539 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A-; Watch: health & safety D+, schools F, crime 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: 134 active listings in the ZIP; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($761 loan paydown + $11k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 7y ago; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $110k implies a 817% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,000

Questions for the listing agent

1. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is F 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?
5. 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.
6. 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.
7. 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: 1.08% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.15%
• DSCR: 1.23
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $41,580
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14732 Loomis Ave	0.46mi	3/2.0 (+1)	712 (+3%)	17mo	$155,000	$218	51
14632 Halsted St	0.72mi	2/1.0	672 (-3%)	18mo	$40,500	$60	46
15042 Robey Ave	0.62mi	3/1.0 (+1)	600 (-13%)	19mo	$35,000	$58	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.0%
• Equity multiple: 3.22×
• Total profit: $68,369
• Equity at exit: $99,097

10-year hold

• IRR: 24.4%
• Equity multiple: 7.32×
• Total profit: $194,809
• Equity at exit: $213,706

Cash invested: $30,800 (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 60426

• Home prices YoY: 6.9%
• Active inventory: 134
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,186 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$182 /mo · $2,181/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $132

Break-even live

Break-even rent $1,018

Max offer price $110,000

Occupancy floor 84%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $110,000 Active 9 DOM
2. 2026-06-17
   days on market $110,000 Active 8 DOM
3. 2026-06-16
   days on market $110,000 Active 7 DOM
4. 2026-06-15
   days on market $110,000 Active 6 DOM
5. 2026-06-13
   days on market $110,000 Active 4 DOM
6. 2026-06-13
   days on market $110,000 Active 3 DOM
7. 2026-06-10
   pricedays on marketlisting id $110,000 Active 1 DOM
8. 2026-06-09
   days on market $140,000 Active 6 DOM
9. 2026-06-08
   days on market $140,000 Active 5 DOM
10. 2026-06-07
    days on market $140,000 Active 4 DOM
11. 2026-06-04
    remarks 699-char remark
12. 2026-06-04
    listed $140,000 Active 1 DOM

ⓘ 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: $2,181 · $182/mo
• Projected year-2 tax: $2,339 · $195/mo
• Expected delta: +$158/yr (+$13/mo · 7.3%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $14,226
• − Mortgage interest: −$6,162
• − Property taxes: −$2,181
• − Insurance: −$550
• − Repairs & maintenance: −$1,138
• − Management: −$1,138
• − Depreciation: −$3,200
• Taxable loss: −$143
• Est. tax savings @ 24.0%: +$34
• After-tax cash flow: $1,620/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 — Harvey

• Score: 67/100
• State rank: #539
• US rank: #11162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harvey, IL
• Population (ZIP): 23,066

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: Majority Black (59%)
• Race & ethnicity: Black 59% Hispanic / Latino 33% Two or more races 12% White 3% Asian 2%
• Hispanic origin (detail): Mexican 31%
• Foreign-born: 17% · Canada
• Languages at home: 67% English-only · Spanish 30% Other Indo-European 2% French/Haitian/Cajun 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: ▲ 20.36%
• Current HPI: 313.7895
• 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

+366.7% since first listed

18 events — show timeline

• 2026-06-03 Listed $140,000 MRED as Distributed by MLS Grid
• 2026-04-10 Listing Removed — MRED as Distributed by MLS Grid
• 2026-02-18 Price Changed — MRED as Distributed by MLS Grid
• 2025-12-23 Price Changed — MRED as Distributed by MLS Grid
• 2025-11-13 Price Changed — MRED as Distributed by MLS Grid
• 2025-10-18 Relisted — MRED as Distributed by MLS Grid
• 2025-10-17 Listing Removed — MRED as Distributed by MLS Grid
• 2025-09-17 Listed — MRED as Distributed by MLS Grid
• 2019-11-27 Sold (MLS) $12,000 MRED as Distributed by MLS Grid
• 2019-10-31 Pending — MRED as Distributed by MLS Grid
• 2019-10-28 Relisted — MRED as Distributed by MLS Grid
• 2019-10-22 Pending — MRED as Distributed by MLS Grid
• 2019-10-10 Price Changed $16,000 MRED as Distributed by MLS Grid
• 2019-09-24 Price Changed $23,000 MRED as Distributed by MLS Grid
• 2019-09-13 Relisted — MRED as Distributed by MLS Grid
• 2019-05-15 Pending — MRED as Distributed by MLS Grid
• 2019-04-06 Price Changed $26,500 MRED as Distributed by MLS Grid
• 2019-02-20 Listed $30,000 MRED as Distributed by MLS Grid

Property tax history

+48.4%/yr

Latest (2018): $2,181 · +7570.6% YoY. Source: county tax records.