15343 8th Ave · Phoenix, IL 60426

$135,000

2 bd · 2.0 ba · 1,017 sqft · SingleFamily public records · 60 Days on market

Built 1931 Est $98k · 38% 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 +19.6/30.0
• Appreciation +10.0/10.0
• 1% rule +7.1/10.0
• DSCR +6.2/10.0
• Livability +3.8/5.0
• 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 to this charming, rehabbed well maintained home. This home is nestled in the quiet community of Phoenix and boast of 3 +1 bedrooms and 1 full bathroom. This home is equipped with stainless steel appliances, granite counter tops, a large island for nice dinner preparations, nicely updated bathroom conveniently located on the 1st floor and a huge yard for summer gathering and barbecues. This home sits on a quiet block with a school, park and many other amenities that a homeowner can appreciate. This home is MOVE-IN ready!! Schedule your showing today, this home will not last long.

Key facts

• Huge yard
• Large island
• Rehabbed home

Tags

• REHABBED HOME
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTER TOPS
• LARGE ISLAND
• UPDATED BATHROOM
• HUGE YARD

Property features AI

Finance

• Other: Parcel numbers on record
• HOA & community: No master association fee required

Exterior

• Parking: Two parking spaces
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Two stories; Fee simple ownership; Rehab completed in 2023; Built before 1978
• Construction: Aluminum siding; Property age about 91–100 years
• Exterior features: Lot smaller than 0.25 acre; School bus service and commuter bus access; close to interstate access

Interior

• Kitchen: Range; Microwave; Refrigerator; Stainless steel appliances
• Bedrooms: Four bedrooms (master and three additional bedrooms; two bedrooms located on the main level, two on the second level)
• Flooring: Vinyl flooring in the living room
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Seven total rooms; Kitchen and dining combined; Crawl space basement
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $155 ($2k/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: $131k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#230 in IL, #4,248 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, crime A-; Watch: health & safety C-, schools 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.
• Market conditions: 134 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 + $14k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~3 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 60 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y 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.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1931 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1931 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.21% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.92%
• DSCR: 1.22
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $97,632
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
931 Miller Pl	0.16mi	3/1.5 (+1)	1,042 (+2%)	1mo	$140,000	$134	81
15533 Vincennes Rd	0.36mi	3/1.0 (+1)	1,020 (+0%)	6mo	$85,000	$83	69
15316 4th Ave	0.29mi	3/1.0 (+1)	964 (-5%)	2mo	$35,000	$36	67
15137 7th Ave	0.34mi	3/1.0 (+1)	1,000 (-2%)	8mo	$78,000	$78	66
15131 6th Ave	0.36mi	3/1.0 (+1)	1,064 (+5%)	11mo	$75,000	$70	58
523 E 152nd St	0.54mi	2/1.0	942 (-7%)	3mo	$16,000	$17	56
15439 Dearborn St	0.50mi	3/2.0 (+1)	1,108 (+9%)	10mo	$235,000	$212	48
14931 Riverside Dr	0.60mi	3/2.0 (+1)	1,100 (+8%)	9mo	$164,000	$149	46
15955 State St	0.57mi	2/1.0	900 (-12%)	5mo	$175,000	$194	46
540 148th Pl E	0.70mi	3/1.0 (+1)	938 (-8%)	5mo	$90,000	$96	41
523 E 149th St	0.67mi	3/1.5 (+1)	1,143 (+12%)	2mo	$80,000	$70	40
112 E 160th Pl	0.73mi	3/2.0 (+1)	1,141 (+12%)	2mo	$210,000	$184	39

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: 27.9%
• Equity multiple: 3.21×
• Total profit: $83,547
• Equity at exit: $121,619

10-year hold

• IRR: 24.3%
• Equity multiple: 7.31×
• Total profit: $238,556
• Equity at exit: $262,275

Cash invested: $37,800 (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: $1,628 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$366 /mo · $4,398/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $155

Break-even live

Break-even rent $1,431

Max offer price $135,000

Occupancy floor 85%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 4 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	0.97mi
15324 Doctor Martin Luther King Junior Dr Unit 1B Dolton, IL	1.0	1.0	725	$985	$1.36	19d	1	1.07mi
14844 Wabash Ave Dolton, IL	3.0	1.5	1277	$2,320	$1.82	24d	1	1.11mi
15238 Doctor Martin Luther King Junior Dr Unit 2W Dolton, IL	2.0	1.0	800	$1,500	$1.88	10d	1	1.11mi

Listing history 25 events

1. 2026-06-18
   days on market $135,000 Active 60 DOM
2. 2026-06-17
   days on market $135,000 Active 59 DOM
3. 2026-06-16
   days on market $135,000 Active 58 DOM
4. 2026-06-15
   days on market $135,000 Active 57 DOM
5. 2026-06-13
   days on market $135,000 Active 55 DOM
6. 2026-06-13
   days on market $135,000 Active 54 DOM
7. 2026-06-09
   days on market $135,000 Active 51 DOM
8. 2026-06-08
   days on market $135,000 Active 50 DOM
9. 2026-06-07
   days on market $135,000 Active 49 DOM
10. 2026-06-04
    days on market $135,000 Active 46 DOM
11. 2026-06-03
    days on market $135,000 Active 45 DOM
12. 2026-06-02
    days on market $135,000 Active 44 DOM
13. 2026-06-01
    days on market $135,000 Active 43 DOM
14. 2026-05-31
    days on market $135,000 Active 42 DOM
15. 2026-05-22
    status Active
16. 2026-04-24
    historical Contingent - No Showings
17. 2026-04-19
    listed $135,000 Active
18. 2023-11-17
    historical
19. 2023-11-15
    status Active
20. 2023-10-26
    historical Contingent - Continue to Show
21. 2023-09-12
    price
22. 2023-08-24
    price
23. 2023-08-09
    listed Active
24. 2023-07-25
    historical
25. 2023-05-28
    listed Active

ⓘ 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: $4,398 · $366/mo
• Projected year-2 tax: $4,398 · $366/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 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $19,530
• − Mortgage interest: −$7,562
• − Property taxes: −$4,398
• − Insurance: −$675
• − Repairs & maintenance: −$1,562
• − Management: −$1,562
• − Depreciation: −$3,927
• Taxable loss: −$157
• Est. tax savings @ 24.0%: +$38
• After-tax cash flow: $1,898/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 — Phoenix

• Score: 75/100
• State rank: #230
• US rank: #4248

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Phoenix, 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

11 events — show timeline

• 2026-05-22 Relisted — MRED as Distributed by MLS Grid
• 2026-04-24 Contingent — MRED as Distributed by MLS Grid
• 2026-04-19 Listed $135,000 MRED as Distributed by MLS Grid
• 2023-11-17 Listing Removed — MRED as Distributed by MLS Grid
• 2023-11-15 Relisted — MRED as Distributed by MLS Grid
• 2023-10-26 Contingent — MRED as Distributed by MLS Grid
• 2023-09-12 Price Changed — MRED as Distributed by MLS Grid
• 2023-08-24 Price Changed — MRED as Distributed by MLS Grid
• 2023-08-09 Listed — MRED as Distributed by MLS Grid
• 2023-07-25 Listing Removed — MRED as Distributed by MLS Grid
• 2023-05-28 Listed — MRED as Distributed by MLS Grid

Property tax history

+12.1%/yr

Latest (2023): $4,398 · +213.4% YoY. Source: county tax records.