14510 S Emerald Ave · Riverdale, IL 60827

$219,900

2 bd · 1.0 ba · 890 sqft · SingleFamily public records · 81 Days on market

Built 1952 3,770 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +4.8/30.0
• Rent growth +4.5/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.7/10.0
• Schools +0.7/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the heart of Riverdale, this quaint, charming ranch offers solid bones, expansive floor plan with tons of upside for either an equity add potential or a great rental property! AS you enter the home the sun drenched living room offers eastern exposure with a large picture window which sunlight shines through to create a very light open feel. The formal dining room sits off the kitchen and is spacious, not often seen in these ranch style homes. There are two generously sized bedrooms which offer hardwood floors also on the main level. The basement is finished, has a family room along with a third bedroom, while updates are needed the home has great upside and should not be overlooked! The location is ideal, nestled between I-57 as well as I-94, close to train and much more! Get inside today to appreciate all this home has to offer! Cash only

Key facts

• 3,770 sq ft lot
• 2 garage spots
• Built 1952

Property features AI

Finance

• Other: Living area reported as estimated; Total finished/unfinished area reported (approx. 1,520 total; main 890, lower 500, unfinished lower 130)
• HOA & community: No master association fees required

Exterior

• Parking: Detached garage; 2 total parking spaces (2 garage spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story layout; Fee simple ownership; Rehab planned for 2026; Built before 1978
• Construction: Brick construction
• Exterior features: Lot approximately 29 x 130; Less than 0.25 acre lot

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Microwave; Kitchen approx. 10 x 10
• Bedrooms: Main floor master bedroom (approx. 12 x 10); Main floor bedroom (approx. 10 x 11); Basement bedroom (possible 3rd bedroom, approx. 10 x 11)
• Bathrooms: 2 full bathrooms (one in basement)
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Finished full basement; 7 total rooms; Some photos virtually staged
• Laundry & utility: Basement laundry room (approx. 12 x 13); Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-542 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $124k (43.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $125k (43.4% below list).
• Recommended offer: $124k (43.5% below list) — sets the bar for cash-flow.
• Cap rate 3.3% vs local median 9.5% in Riverdale — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 69/100 on livability (#434 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A-; Watch: health & safety C-, 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: Rents rising fast (+7.8%/yr); 76 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 40% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $65k; list at $220k implies a 238% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $124,241 (43.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 44% concession, seller financing, or rate buy-down credit?
3. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.57% ✗
• Cap rate: 3.34%
• Cash-on-cash: -10.55%
• DSCR: 0.53
• GRM: 14.7

CMA / ARV

• ARV (on-the-fly): $123,710
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14514 S Parnell Ave	0.25mi	2/1.0	890 (0%)	2mo	$123,000	$138	86
14414 Parnell Ave	0.27mi	2/1.0	891 (+0%)	5mo	$127,000	$143	83
14307 S Wallace Ave	0.34mi	2/2.0	895 (+1%)	7mo	$165,000	$184	73
319 E 145th St	0.34mi	2/1.0	960 (+8%)	2mo	$49,900	$52	69
14320 Parnell Ave	0.30mi	3/2.0 (+1)	912 (+2%)	5mo	$127,000	$139	69
14220 S Eggleston Ave	0.51mi	2/2.0	912 (+2%)	3mo	$138,000	$151	65
14325 Park Ave	0.40mi	2/1.0	832 (-6%)	6mo	$68,000	$82	65
14528 S Eggleston Ave	0.38mi	2/1.0	968 (+9%)	5mo	$123,649	$128	63
14508 Des Plaines St	0.37mi	3/3.0 (+1)	904 (+2%)	8mo	$59,000	$65	61
14308 S Tracy Ave	0.56mi	3/2.0 (+1)	914 (+3%)	5mo	$128,229	$140	56
14301 Parnell Ave	0.29mi	3/2.0 (+1)	1,008 (+13%)	5mo	$217,000	$215	51
14726 Madison Ave	0.66mi	2/1.0	760 (-15%)	1mo	$35,000	$46	44

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 · 7.82% rent growth · sell at horizon

5-year hold

• IRR: -30.3%
• Equity multiple: -0.04×
• Total profit: $-63,766
• Equity at exit: $32,788

10-year hold

• IRR: -17.7%
• Equity multiple: -0.16×
• Total profit: $-71,127
• Equity at exit: $19,013

Cash invested: $61,572 (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 60827

• Home prices YoY: -31.8%
• Rents YoY: 7.8%
• Active inventory: 76
• Price-to-rent: 14.7×

Monthly cashflow live

• Estimated rent: $1,245 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$281 /mo · $3,367/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $-542

Break-even live

Break-even rent $1,931

Max offer price $124,241

Occupancy floor —

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
455 W 144th St Unit 2W Riverdale, IL	1.0	1.0	750	$1,150	$1.53	4d	1	0.44mi
14119 S Tracy Ave Riverdale, IL	2.0	1.0	696	$1,205	$1.73	3d	1	0.74mi
14132 S Atlantic Ave Riverdale, IL	1.0	1.0	900	$1,150	$1.28	24d	1	0.79mi
14015 S Stewart Ave Unit 2W Riverdale, IL	2.0	1.0	800	$1,400	$1.75	24d	1	0.80mi
14031 S School St Riverdale, IL	1.0	1.0	620	$1,045	$1.69	3d	1	0.86mi
14101 S Atlantic Ave Riverdale, IL	2.0	1.0	790	$1,140	$1.44	7d	1	0.86mi
724 W 138th St Unit 3 Riverdale, IL	2.0	1.0	800	$1,250	$1.56	19d	1	0.92mi
13905 S Clark St Riverdale, IL	1.0	1.0	685	$1,210	$1.77	7d	6	1.16mi
13810 S La Salle St #1 Riverdale, IL	3.0	1.0	800	$1,550	$1.94	2d	1	1.19mi
13604 S Wentworth Ave Riverdale, IL	3.0	1.0	1100	$1,200	$1.09	24d	1	1.35mi
14629 Hoyne Ave Dixmoor, IL	3.0	1.0	920	$1,495	$1.62	24d	1	1.49mi

Listing history 23 events

1. 2026-06-18
   days on market $219,900 Active 81 DOM
2. 2026-06-17
   days on market $219,900 Active 80 DOM
3. 2026-06-16
   days on market $219,900 Active 79 DOM
4. 2026-06-15
   days on market $219,900 Active 78 DOM
5. 2026-06-13
   days on market $219,900 Active 76 DOM
6. 2026-06-13
   days on market $219,900 Active 75 DOM
7. 2026-06-09
   days on market $219,900 Active 72 DOM
8. 2026-06-08
   days on market $219,900 Active 71 DOM
9. 2026-06-07
   days on market $219,900 Active 70 DOM
10. 2026-06-04
    days on market $219,900 Active 67 DOM
11. 2026-06-03
    statusdays on market $219,900 Active 66 DOM
12. 2026-06-02
    days on market $219,900 Contingent - No Showings 65 DOM
13. 2026-06-01
    days on market $219,900 Contingent - No Showings 64 DOM
14. 2026-05-31
    days on market $219,900 Contingent - No Showings 63 DOM
15. 2026-05-13
    historical Contingent - No Showings
16. 2026-03-29
    listed $219,900 Active
17. 2025-11-07
    soldstatus $65,000
18. 2025-10-17
    soldstatus $64,900 Closed 862-char remark

    Show marketing remark (862 chars)

    Located in the heart of Riverdale, this quaint, charming ranch offers solid bones, expansive floor plan with tons of upside for either an equity add potential or a great rental property! AS you enter the home the sun drenched living room offers eastern exposure with a large picture window which sunlight shines through to create a very light open feel. The formal dining room sits off the kitchen and is spacious, not often seen in these ranch style homes. There are two generously sized bedrooms which offer hardwood floors also on the main level. The basement is finished, has a family room along with a third bedroom, while updates are needed the home has great upside and should not be overlooked! The location is ideal, nestled between I-57 as well as I-94, close to train and much more! Get inside today to appreciate all this home has to offer! Cash only

19. 2025-10-01
    status Pending 862-char remark

    Show marketing remark (862 chars)

    Located in the heart of Riverdale, this quaint, charming ranch offers solid bones, expansive floor plan with tons of upside for either an equity add potential or a great rental property! AS you enter the home the sun drenched living room offers eastern exposure with a large picture window which sunlight shines through to create a very light open feel. The formal dining room sits off the kitchen and is spacious, not often seen in these ranch style homes. There are two generously sized bedrooms which offer hardwood floors also on the main level. The basement is finished, has a family room along with a third bedroom, while updates are needed the home has great upside and should not be overlooked! The location is ideal, nestled between I-57 as well as I-94, close to train and much more! Get inside today to appreciate all this home has to offer! Cash only

20. 2025-09-15
    status Active 862-char remark

    Show marketing remark (862 chars)

    Located in the heart of Riverdale, this quaint, charming ranch offers solid bones, expansive floor plan with tons of upside for either an equity add potential or a great rental property! AS you enter the home the sun drenched living room offers eastern exposure with a large picture window which sunlight shines through to create a very light open feel. The formal dining room sits off the kitchen and is spacious, not often seen in these ranch style homes. There are two generously sized bedrooms which offer hardwood floors also on the main level. The basement is finished, has a family room along with a third bedroom, while updates are needed the home has great upside and should not be overlooked! The location is ideal, nestled between I-57 as well as I-94, close to train and much more! Get inside today to appreciate all this home has to offer! Cash only

21. 2025-09-10
    status Pending 862-char remark

    Show marketing remark (862 chars)

    Located in the heart of Riverdale, this quaint, charming ranch offers solid bones, expansive floor plan with tons of upside for either an equity add potential or a great rental property! AS you enter the home the sun drenched living room offers eastern exposure with a large picture window which sunlight shines through to create a very light open feel. The formal dining room sits off the kitchen and is spacious, not often seen in these ranch style homes. There are two generously sized bedrooms which offer hardwood floors also on the main level. The basement is finished, has a family room along with a third bedroom, while updates are needed the home has great upside and should not be overlooked! The location is ideal, nestled between I-57 as well as I-94, close to train and much more! Get inside today to appreciate all this home has to offer! Cash only

22. 2025-08-21
    listed $64,500 Active 862-char remark

    Show marketing remark (862 chars)

    Located in the heart of Riverdale, this quaint, charming ranch offers solid bones, expansive floor plan with tons of upside for either an equity add potential or a great rental property! AS you enter the home the sun drenched living room offers eastern exposure with a large picture window which sunlight shines through to create a very light open feel. The formal dining room sits off the kitchen and is spacious, not often seen in these ranch style homes. There are two generously sized bedrooms which offer hardwood floors also on the main level. The basement is finished, has a family room along with a third bedroom, while updates are needed the home has great upside and should not be overlooked! The location is ideal, nestled between I-57 as well as I-94, close to train and much more! Get inside today to appreciate all this home has to offer! Cash only

23. 1980-07-23
    soldstatus $49,500

ⓘ 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: $3,367 · $281/mo
• Projected year-2 tax: $4,179 · $348/mo
• Expected delta: +$812/yr (+$68/mo · 24.1%)

ⓘ 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: $14,945
• − Mortgage interest: −$12,318
• − Property taxes: −$3,367
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,196
• − Management: −$1,196
• − Depreciation: −$6,397
• Taxable loss: −$10,628
• Est. tax savings @ 24.0%: +$2,551
• After-tax cash flow: $-3,947/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 — Riverdale

• Score: 69/100
• State rank: #434
• US rank: #8867

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Riverdale, IL
• County: Cook County · 4,486,803 people
• City population: 24,713
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 24,713
• Household income: $37,217
• Rent vs Own: 59.8% rent · 40.2% own
• Severe rent burden: 1868.0

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 (88%)
• Race & ethnicity: Black 88% Two or more races 5% Hispanic / Latino 5% White 2%
• Common ancestry: Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -76.39%
• Current HPI: 163.7725
• Rent YoY: ▲ 7.82%
• 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

+344.2% since first listed

9 events — show timeline

• 2026-05-13 Contingent — MRED as Distributed by MLS Grid
• 2026-03-29 Listed $219,900 MRED as Distributed by MLS Grid
• 2025-11-07 Sold (Public Records) $65,000 Public Records
• 2025-10-17 Sold (MLS) $64,900 MRED as Distributed by MLS Grid
• 2025-10-01 Pending — MRED as Distributed by MLS Grid
• 2025-09-15 Relisted — MRED as Distributed by MLS Grid
• 2025-09-10 Pending — MRED as Distributed by MLS Grid
• 2025-08-21 Listed $64,500 MRED as Distributed by MLS Grid
• 1980-07-23 Sold (Public Records) $49,500 Public Records

Property tax history

+2.9%/yr

Latest (2023): $3,367 · +1267.6% YoY. Source: county tax records.