16124 Woodbridge Ave · Harvey, IL 60426

$134,900

3 bd · 1.5 ba · 1,480 sqft · SingleFamily public records · 16 Days on market

Built 1957 Est $206k · 34% under

---

Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +7.8/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks

Exciting opportunity! This frame 1.5 Story offers 4 bedrooms, 1.5 baths, a finished basement and a 2-car detached garage! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping, restaurants and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

Key facts

• 2 garage spots
• Built 1957
• Listed 16 days

Property features AI

Finance

• HOA & community: No master association fees required

Exterior

• Parking: Detached garage; 2 total parking spaces (2 garage spaces)
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership; Built before 1978
• Construction: Frame construction; 61–70 years old
• Exterior features: Lot less than 0.25 acre; Lot dimensions approximately 0.10

Interior

• Kitchen: Kitchen on main level (12 x 9)
• Bedrooms: 4 bedrooms; Primary bedroom on main level (12 x 11); Three additional bedrooms on second level (12 x 10; 12 x 9; 10 x 9)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Steam heating; Radiant heating
• Interior features: Finished full basement; 7 total rooms
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $528 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $133k (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 $14k of equity ($933 loan paydown + $13k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$37k 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 ($133k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,876 (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. 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: 1.28% ✓
• Cap rate: 10.99%
• Cash-on-cash: 16.78%
• DSCR: 1.75
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $205,720
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15708 Park Ave	0.70mi	3/2.0	1,467 (-1%)	0mo	$167,500	$114	64
15711 Lowe Ave	0.59mi	3/1.5	1,404 (-5%)	2mo	$232,000	$165	62
16540 Emerald Ave	0.56mi	3/2.0	1,469 (-1%)	16mo	$215,000	$146	57
16052 Halsted St Unit 2	0.09mi	4/2.0 (+1)	1,660 (+12%)	15mo	$165,000	$99	56
15828 Lathrop Ave	0.40mi	4/2.0 (+1)	1,494 (+1%)	20mo	$90,000	$60	56
15930 Carol Ave	0.32mi	3/1.0	1,400 (-5%)	22mo	$195,000	$139	55
16632 Emerald Ave	0.66mi	3/1.5	1,602 (+8%)	7mo	$150,000	$94	50
16626 Union Ave	0.68mi	3/2.0	1,340 (-10%)	3mo	$75,000	$56	48
16325 Vincennes Ave	0.58mi	3/1.5	1,400 (-5%)	23mo	$230,000	$164	45
375 E 167th St	0.70mi	3/2.0	1,556 (+5%)	16mo	$281,195	$181	43
373 E 167th St	0.70mi	3/2.5	1,556 (+5%)	15mo	$220,000	$141	42
15624 Lowe Ave	0.66mi	2/1.0 (-1)	1,322 (-11%)	13mo	$135,000	$102	34

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: 36.7%
• Equity multiple: 3.84×
• Total profit: $107,085
• Equity at exit: $121,529

10-year hold

• IRR: 31.6%
• Equity multiple: 8.65×
• Total profit: $288,822
• Equity at exit: $262,081

Cash invested: $37,772 (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: 6.5×

Monthly cashflow live

• Estimated rent: $1,727 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$73 /mo · $870/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $528

Break-even live

Break-even rent $1,058

Max offer price $134,900

Occupancy floor 64%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16048 Halsted St Unit 2 Harvey, IL	3.0	1.0	1091	$1,650	$1.51	24d	1	0.12mi
16125 Marshfield Ave Markham, IL	3.0	1.0	1043	$2,400	$2.30	1d	1	0.98mi

Listing history 12 events

1. 2026-06-18
   days on market $134,900 Active 16 DOM
2. 2026-06-17
   days on market $134,900 Active 15 DOM
3. 2026-06-16
   days on market $134,900 Active 14 DOM
4. 2026-06-15
   days on market $134,900 Active 13 DOM
5. 2026-06-13
   days on market $134,900 Active 11 DOM
6. 2026-06-13
   days on market $134,900 Active 10 DOM
7. 2026-06-09
   days on market $134,900 Active 7 DOM
8. 2026-06-08
   days on market $134,900 Active 6 DOM
9. 2026-06-07
   days on market $134,900 Active 5 DOM
10. 2026-06-04
    days on market $134,900 Active 2 DOM
11. 2026-06-02
    remarks 449-char remark
12. 2026-06-02
    listed $134,900 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: $870 · $73/mo
• Projected year-2 tax: $1,966 · $164/mo
• Expected delta: +$1,096/yr (+$91/mo · 125.9%)

ⓘ 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 (shaded) · 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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,726
• − Mortgage interest: −$7,556
• − Property taxes: −$870
• − Insurance: −$674
• − Repairs & maintenance: −$1,658
• − Management: −$1,658
• − Depreciation: −$3,924
• Taxable income: $4,384
• Est. tax owed @ 24.0%: −$1,052
• After-tax cash flow: $5,287/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

1 event — show timeline

• 2026-06-02 Listed $134,900 MRED as Distributed by MLS Grid

Property tax history

-6.0%/yr

Latest (2023): $870 · +28.2% YoY. Source: county tax records.