107 E 149th St · Harvey, IL 60426

$139,000

3 bd · 1.0 ba · 1,133 sqft · SingleFamily public records · 16 Days on market

Built 1941 Est $110k · 26% 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 +26.2/30.0
• Appreciation +10.0/10.0
• DSCR +8.9/10.0
• 1% rule +6.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0

Listing remarks

Welcome home to this well-maintained 3-bedroom, 1-bath ranch offering comfortable single-level living with room to grow. Featuring an easy-to-maintain exterior and a new roof, this home combines practical updates with everyday functionality. Step inside to discover a freshly updated interior showcasing new paint, new baseboards, new wood laminate flooring throughout, recessed lighting, and numerous mechanical improvements including new electrical, updated plumbing, new smoke detectors, and a new sump pump for added peace of mind. The bright kitchen features white cabinetry, quartz countertops, and stainless-steel appliances, seamlessly connecting to a separate dining area ideal for everyday

Key facts

• Stainless appliances
• Partial basement
• Rehabbed home

Tags

• REHABBED HOME
• STAINLESS APPLIANCES
• PARTIAL BASEMENT

Property features AI

Finance

• Other: Parcel number recorded
• HOA & community: No master association fee (not required)

Exterior

• Parking: Detached garage (2 garage spaces, 2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Rehab completed/recorded for 2026; Built approximately 81–90 years ago; Property located in Harvey (Thornton Township)
• Construction: Aluminum siding; Block and concrete perimeter foundation
• Exterior features: Patio; Level lot; School bus service available; Sidewalks; Paved streets

Interior

• Kitchen: Galley-style kitchen with solid surface counters; Updated kitchen; Range; Microwave; Refrigerator; Stainless steel appliances
• Bedrooms: 3 bedrooms (all on the main level); Master bedroom on the main level
• Flooring: Laminate flooring throughout main living areas and bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating
• Interior features: First-floor bedroom; First-floor full bathroom; Separate dining room; 6 total rooms; Unfinished partial basement; Some photos virtually staged
• Laundry & utility: Laundry room in basement with utility sink

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $355 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $137k (1.5% below list) — sets the bar for market timing.

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+, crime F, amenities 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.
• Zoned schools: Thornton Township High School (math 7% / reading 7%, grade F, #605 of 693 statewide, top 87%, 1,628 students, 0% FRL).
• Market conditions: 133 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($961 loan paydown + $14k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($137k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $25k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $39k; list at $139k implies a 257% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $136,915 (1.5% below list)

Questions for the listing agent

1. Built in 1941 — 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: 1.15% ✓
• Cap rate: 9.36%
• Cash-on-cash: 10.94%
• DSCR: 1.49
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $109,901
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
70 E 150th St	0.19mi	3/1.0	1,066 (-6%)	3mo	$61,500	$58	78
15032 Marshfield Ave	0.45mi	3/1.0	1,081 (-5%)	4mo	$75,000	$69	68
240 E 148th St	0.42mi	3/1.5	1,080 (-5%)	4mo	$190,000	$176	68
14542 Sangamon St	0.45mi	3/1.0	1,088 (-4%)	7mo	$100,000	$92	66
14523 Lexington Ave	0.42mi	4/2.0 (+1)	1,130 (-0%)	6mo	$200,000	$177	66
14624 Peoria St	0.42mi	4/1.0 (+1)	1,152 (+2%)	10mo	$107,500	$93	64
14902 Paulina St	0.47mi	2/1.0 (-1)	1,200 (+6%)	1mo	$90,000	$75	62
14622 Vincennes Rd	0.38mi	3/1.0	1,235 (+9%)	7mo	$120,000	$97	61
14523 S Justine St	0.49mi	2/1.0 (-1)	1,200 (+6%)	8mo	$60,000	$50	55
14609 Justine St	0.41mi	3/2.0	1,000 (-12%)	6mo	$237,500	$238	53
238 Calumet Blvd	0.70mi	3/1.5	1,190 (+5%)	9mo	$115,000	$97	50
110 W 150th St	0.68mi	3/1.0	1,008 (-11%)	0mo	$101,250	$100	50

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: 32.3%
• Equity multiple: 3.53×
• Total profit: $98,294
• Equity at exit: $125,222

10-year hold

• IRR: 27.9%
• Equity multiple: 7.98×
• Total profit: $271,678
• Equity at exit: $270,046

Cash invested: $38,920 (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: 133
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,603 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$124 /mo · $1,493/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $355

Break-even live

Break-even rent $1,153

Max offer price $139,000

Occupancy floor 73%

Sensitivity live

Price	-10% $433	-5% $394	+0% $355	+5% $315	+10% $276
Rent	-10% $228	-5% $291	+0% $355	+5% $418	+10% $481
Rate	-1.0pp $425	-0.5pp $390	base $355	+0.5pp $319	+1.0pp $282

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14629 Hoyne Ave Dixmoor, IL	3.0	1.0	920	$1,495	$1.62	26d	1	0.97mi
14802 Cooper Ave Harvey, IL	3.0	1.5	1200	$1,700	$1.42	26d	1	1.02mi

Listing history 25 events

1. 2026-06-21
   days on market $139,000 Active 16 DOM
2. 2026-06-18
   days on market $139,000 Active 13 DOM
3. 2026-06-17
   days on market $139,000 Active 12 DOM
4. 2026-06-16
   days on market $139,000 Active 11 DOM
5. 2026-06-15
   days on market $139,000 Active 10 DOM
6. 2026-06-13
   days on market $139,000 Active 8 DOM
7. 2026-06-13
   days on market $139,000 Active 7 DOM
8. 2026-06-09
   days on market $139,000 Active 4 DOM
9. 2026-06-08
   days on market $139,000 Active 3 DOM
10. 2026-06-07
    pricedays on marketlisting id $139,000 Active 2 DOM
11. 2026-06-02
    days on market $159,950 Active 43 DOM
12. 2026-06-01
    days on market $159,950 Active 42 DOM
13. 2026-05-31
    days on market $159,950 Active 41 DOM
14. 2026-04-30
    price $159,950
15. 2026-04-20
    listed $163,900 Active
16. 2026-04-20
    historical
17. 2026-03-31
    listed Active
18. 2025-02-28
    historical
19. 2025-01-08
    status Active
20. 2025-01-02
    historical
21. 2025-01-02
    status Temporarily No Showings
22. 2024-11-24
    historical Contingent - Continue to Show
23. 2024-11-13
    price
24. 2024-11-12
    listed Active
25. 1985-10-01
    soldstatus $38,900

ⓘ 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: $1,493 · $124/mo
• Projected year-2 tax: $2,324 · $194/mo
• Expected delta: +$831/yr (+$69/mo · 55.7%)

ⓘ 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 ≥102°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: $19,231
• − Mortgage interest: −$7,786
• − Property taxes: −$1,493
• − Insurance: −$695
• − Repairs & maintenance: −$1,538
• − Management: −$1,538
• − Depreciation: −$4,044
• Taxable income: $2,137
• Est. tax owed @ 24.0%: −$513
• After-tax cash flow: $3,745/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
• City population: 23,066
• 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

+311.2% since first listed

12 events — show timeline

• 2026-04-30 Price Changed $159,950 MRED as Distributed by MLS Grid
• 2026-04-20 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-20 Listed $163,900 MRED as Distributed by MLS Grid
• 2026-03-31 Listed — MRED as Distributed by MLS Grid
• 2025-02-28 Listing Removed — MRED as Distributed by MLS Grid
• 2025-01-08 Relisted — MRED as Distributed by MLS Grid
• 2025-01-02 Listing Removed — MRED as Distributed by MLS Grid
• 2025-01-02 Relisted — MRED as Distributed by MLS Grid
• 2024-11-24 Contingent — MRED as Distributed by MLS Grid
• 2024-11-13 Price Changed — MRED as Distributed by MLS Grid
• 2024-11-12 Listed — MRED as Distributed by MLS Grid
• 1985-10-01 Sold (Public Records) $38,900 Public Records

Property tax history

-0.5%/yr

Latest (2023): $1,493 · +168.5% YoY. Source: county tax records.