7 W 148th St · Dolton, IL 60419

$188,000

4 bd · 1.5 ba · 2,192 sqft · SingleFamily public records · 17 Days on market

Built 1957 9,583 sqft lot Est $250k · 25% 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 +25.4/30.0
• ARV discount +15.0/15.0
• 1% rule +9.0/10.0
• DSCR +8.4/10.0
• 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

Cozy describes this 4 bedroom all brick cape cod with garage and nice sized backyard. It features hardwood floors under the carpet, living room, dining room and a full basement waiting for your ideas! Home sold as is.

Key facts

• Hardwood flooring
• Soaking tub
• Large basement

Tags

• HARDWOOD FLOORING
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• SOAKING TUB
• LARGE BASEMENT
• OUTDOOR PORCH

Property features AI

Finance

• Other: Property assessed age category: 61–70 years
• HOA & community: No master association fee required

Exterior

• Parking: Detached owned garage (2 garage spaces, 2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2-story design; Fee simple ownership; Built before 1978
• Construction: Brick construction
• Exterior features: Lot dimensions approximately 100 x 95; Lot smaller than 0.25 acre; School bus service, commuter bus and commuter train access, interstate access

Interior

• Kitchen: Kitchen on Main level, approximately 15 x 12
• Bedrooms: 4 bedrooms (Master on Main; additional bedrooms on Main and Second levels); Bedroom dimensions include 15 x 12 (Master), 12 x 10, 12 x 13, 14 x 12
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating
• Interior features: 7 total rooms; Unfinished full basement
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $188k.

Deal economics

• At list price, monthly cash flow is $430 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $188k).
• Recommended offer: $185k (1.5% 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); 129 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $2,633/mo this rent would consume 55% 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 $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $53k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $32k; list at $188k implies a 487% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.7% of price; built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $185,180 (1.5% below list)

Questions for the listing agent

1. Built in 1957 — 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: 1.40% ✓
• Cap rate: 9.04%
• Cash-on-cash: 9.81%
• DSCR: 1.44
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $249,888
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15056 Wabash Ave	0.47mi	5/3.0 (+1)	2,232 (+2%)	1mo	$331,000	$148	63
14526 S Dearborn St	0.31mi	3/1.0 (-1)	2,000 (-9%)	10mo	$152,200	$76	56
405 Calumet Blvd	0.71mi	4/1.5	2,200 (+0%)	18mo	$167,900	$76	51
14647 Lasalle St	0.24mi	3/2.0 (-1)	1,900 (-13%)	18mo	$210,000	$111	44
14305 S Wabash Ave	0.63mi	4/3.0	2,000 (-9%)	11mo	$227,000	$114	41
62 E 144th St	0.51mi	5/2.0 (+1)	1,864 (-15%)	7mo	$235,000	$126	38
15257 State St	0.66mi	5/2.0 (+1)	2,419 (+10%)	13mo	$334,900	$138	34
14533 S Parnell Ave	0.72mi	3/2.0 (-1)	2,505 (+14%)	3mo	$210,000	$84	33
517 E 146th St	0.73mi	5/3.0 (+1)	1,928 (-12%)	13mo	$123,000	$64	24
14729 Beachview Ter	0.72mi	3/2.0 (-1)	1,890 (-14%)	19mo	$267,000	$141	21

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: 5.1%
• Equity multiple: 1.21×
• Total profit: $11,103
• Equity at exit: $28,031

10-year hold

• IRR: 19.3%
• Equity multiple: 3.08×
• Total profit: $109,313
• Equity at exit: $16,255

Cash invested: $52,640 (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: 129
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,633 high
• Mortgage (P&I): −$986
• Tax from tax record: −$586 /mo · $7,027/yr
• Insurance: −$78
• HOA: −$0
• Vacancy / Maint / Mgmt: −$553
• Net cashflow: $430

Break-even live

Break-even rent $2,088

Max offer price $188,000

Occupancy floor 79%

Sensitivity live

Price	-10% $537	-5% $483	+0% $430	+5% $377	+10% $324
Rent	-10% $222	-5% $326	+0% $430	+5% $534	+10% $638
Rate	-1.0pp $525	-0.5pp $478	base $430	+0.5pp $381	+1.0pp $332

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: $47,000
• Closing costs: $5,640
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14124 Manor Ave Dolton, IL	3.0	2.0	1440	$2,390	$1.66	25d	1	0.92mi
19 E 140th Ct Riverdale, IL	3.0	2.0	2076	$2,231	$1.07	9d	1	0.97mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	25d	1	1.12mi
13903 S State St Riverdale, IL	4.0	1.5	2300	$2,650	$1.15	25d	1	1.14mi
13708 S Wentworth Ave Riverdale, IL	3.0	1.5	1500	$2,200	$1.47	23d	1	1.39mi

Listing history 12 events

1. 2026-06-21
   days on market $188,000 Active 17 DOM
2. 2026-06-18
   days on market $188,000 Active 14 DOM
3. 2026-06-17
   days on market $188,000 Active 13 DOM
4. 2026-06-16
   days on market $188,000 Active 12 DOM
5. 2026-06-15
   price $188,000 Active 11 DOM
6. 2026-06-15
   days on market $208,000 Active 11 DOM
7. 2026-06-13
   days on market $208,000 Active 9 DOM
8. 2026-06-13
   days on market $208,000 Active 8 DOM
9. 2026-06-09
   days on market $208,000 Active 5 DOM
10. 2026-06-08
    days on market $208,000 Active 4 DOM
11. 2026-06-07
    remarks 555-char remark
12. 2026-06-07
    listed $208,000 Active 3 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: $7,027 · $586/mo
• Projected year-2 tax: $7,027 · $586/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: $31,595
• − Mortgage interest: −$10,531
• − Property taxes: −$7,027
• − Insurance: −$940
• − Repairs & maintenance: −$2,528
• − Management: −$2,528
• − Depreciation: −$5,469
• Taxable income: $2,572
• Est. tax owed @ 24.0%: −$617
• After-tax cash flow: $4,545/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

+617.2% since first listed

4 events — show timeline

• 2026-06-03 Listed $208,000 MRED as Distributed by MLS Grid
• 2015-11-24 Sold (MLS) $32,050 MRED as Distributed by MLS Grid
• 2015-10-13 Pending — MRED as Distributed by MLS Grid
• 2015-10-06 Listed $29,000 MRED as Distributed by MLS Grid

Property tax history

+4.0%/yr

Latest (2023): $7,027 · +26.7% YoY. Source: county tax records.