15133 S Honore Ave · Harvey, IL 60426

$149,900

3 bd · 1.0 ba · 874 sqft · SingleFamily public records · 29 Days on market

Built 1954 3,750 sqft lot

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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 +28.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• 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

VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

Key facts

• Plumbing
• Fully rehabbed ranch
• Kitchen

Tags

• FULLY REHABBED RANCH
• NEW ROOF
• PLUMBING
• ELECTRICAL
• KITCHEN
• WATER HEATER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $468 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (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+, 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; 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 $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $37k; list at $150k implies a 305% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,651 (1.5% below list)

Questions for the listing agent

1. Built in 1954 — 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: 1.20% ✓
• Cap rate: 10.04%
• Cash-on-cash: 13.39%
• DSCR: 1.60
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $58,558
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15133 S Honore Ave	0.00mi	3/1.0	900 (+3%)	0mo	$149,900	$167	95
15125 Marshfield Ave S	0.25mi	3/1.0	900 (+3%)	3mo	$127,500	$142	81
14921 Lincoln Ave	0.29mi	3/1.0	900 (+3%)	6mo	$149,900	$167	77
15028 Lincoln Ave	0.17mi	3/1.0	836 (-4%)	10mo	$30,000	$36	77
14911 Page Ave	0.33mi	3/1.5	923 (+6%)	2mo	$110,000	$119	72
15112 Vine Ave	0.37mi	3/1.0	912 (+4%)	7mo	$43,000	$47	70
14727 Wood St	0.52mi	3/1.5	900 (+3%)	6mo	$60,000	$67	64
189 W 156th Pl	0.65mi	3/1.0	900 (+3%)	3mo	$37,000	$41	62
15240 Turlington Ave	0.72mi	3/1.5	900 (+3%)	1mo	$35,000	$39	58
15024 Western Ave	0.74mi	2/1.0 (-1)	900 (+3%)	3mo	$18,000	$20	53
14839 Cooper Ave	0.53mi	3/1.0	992 (+14%)	6mo	$42,000	$42	48
14920 Hoyne Ave S	0.45mi	2/1.0 (-1)	1,000 (+14%)	9mo	$85,000	$85	43

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: 34.1%
• Equity multiple: 3.66×
• Total profit: $111,441
• Equity at exit: $135,042

10-year hold

• IRR: 29.4%
• Equity multiple: 8.26×
• Total profit: $304,676
• Equity at exit: $291,223

Cash invested: $41,972 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,800 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$105 /mo · $1,265/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $468

Break-even live

Break-even rent $1,208

Max offer price $149,900

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: $37,475
• Closing costs: $4,497
• 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	24d	1	0.71mi
16125 Marshfield Ave Markham, IL	3.0	1.0	1043	$2,400	$2.30	1d	1	1.23mi

Listing history 13 events

1. 2026-03-27
   status Pending
2. 2026-02-25
   listed $149,900 Active
3. 2024-10-10
   soldstatus $37,000 Closed 597-char remark

   Show marketing remark (597 chars)

   VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

4. 2024-08-07
   status Pending 597-char remark

   Show marketing remark (597 chars)

   VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

5. 2024-07-29
   price $37,500 597-char remark

   Show marketing remark (597 chars)

   VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

6. 2024-07-25
   status Active 597-char remark

   Show marketing remark (597 chars)

   VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

7. 2024-07-24
   status Pending 597-char remark

   Show marketing remark (597 chars)

   VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

8. 2024-07-18
   price $39,000 597-char remark

   Show marketing remark (597 chars)

   VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

9. 2024-07-08
   price $44,000 597-char remark

   Show marketing remark (597 chars)

   VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

10. 2024-06-28
    price $49,000 597-char remark

    Show marketing remark (597 chars)

    VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

11. 2024-06-20
    listed $54,000 Active 597-char remark

    Show marketing remark (597 chars)

    VERY AFFORDABLE PRICE FOR A HOME 3 BEDROOMS IN THIS AREA. VACANT AND EASY TO SHOW, SOLD AS-IS. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. LOW TAXES. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS

12. 2010-03-17
    historical
13. 2010-03-15
    listed New

ⓘ 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: $1,265 · $105/mo
• Projected year-2 tax: $2,334 · $195/mo
• Expected delta: +$1,069/yr (+$89/mo · 84.5%)

ⓘ 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 ≥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: $21,604
• − Mortgage interest: −$8,397
• − Property taxes: −$1,265
• − Insurance: −$750
• − Repairs & maintenance: −$1,728
• − Management: −$1,728
• − Depreciation: −$4,361
• Taxable income: $3,375
• Est. tax owed @ 24.0%: −$810
• After-tax cash flow: $4,809/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

+177.6% since first listed

13 events — show timeline

• 2026-03-27 Pending — MRED as Distributed by MLS Grid
• 2026-02-25 Listed $149,900 MRED as Distributed by MLS Grid
• 2024-10-10 Sold (MLS) $37,000 MRED as Distributed by MLS Grid
• 2024-08-07 Pending — MRED as Distributed by MLS Grid
• 2024-07-29 Price Changed $37,500 MRED as Distributed by MLS Grid
• 2024-07-25 Relisted — MRED as Distributed by MLS Grid
• 2024-07-24 Pending — MRED as Distributed by MLS Grid
• 2024-07-18 Price Changed $39,000 MRED as Distributed by MLS Grid
• 2024-07-08 Price Changed $44,000 MRED as Distributed by MLS Grid
• 2024-06-28 Price Changed $49,000 MRED as Distributed by MLS Grid
• 2024-06-20 Listed $54,000 MRED as Distributed by MLS Grid
• 2010-03-17 Listing Removed — MRED as Distributed by MLS Grid
• 2010-03-15 Listed — MRED as Distributed by MLS Grid

Property tax history

-0.0%/yr

Latest (2023): $1,265 · +84.8% YoY. Source: county tax records.