730 E 156th St · South Holland, IL 60473

$259,999

4 bd · 1.0 ba · 1,439 sqft · SingleFamily public records · 1 Days on market

Built 1956 6,621 sqft lot Est $220k · 18% over

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Why this score? — see what drove the D+ 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 +22.5/30.0
• DSCR +7.2/10.0
• 1% rule +6.6/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully maintained brick ranch on a quiet, tree-lined street in South Holland! This move-in-ready home features hardwood floors, bright living room, an updated kitchen with white shaker cabinets, black subway tile backsplash, matte black hardware and fixtures, stainless steel appliances, and a cozy dining area. Three spacious bedrooms and two renovated bathrooms offer modern finishes throughout. The standout vaulted family room boasts exposed wood beams and a stunning floor to ceiling fireplace. Enjoy one of the largest backyards on the block with mature trees, lush landscaping, fencing, and a patio area perfect for entertaining. Schedule your showing today!

Key facts

• Exposed wood beams
• Updated kitchen
• Vaulted family room

Tags

• UPDATED KITCHEN
• WHITE SHAKER CABINETS
• BLACK SUBWAY TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES
• VAULTED FAMILY ROOM
• EXPOSED WOOD BEAMS

Property features AI

Finance

• Other: Parcel number available; Directions: Cottage Grove to 156th Street, west to house
• HOA & community: No required master association fee

Exterior

• Parking: Detached garage (garage owned); Approximately 1.5 garage/parking spaces
• Security: Carbon monoxide detectors; Ceiling fans
• Utilities: Lake Michigan water source; Public sewer
• Home design: Detached single-family ranch (one story); Fee simple ownership; Not currently leased; Rehab completed or planned in 2025; School bus service available
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built before 1978 (estimated age 61–70 years)
• Exterior features: Landscaped lot; Sidewalks, street lights and paved streets

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Eating area / table space in the kitchen
• Bedrooms: Three bedrooms (all on the main level); Master bedroom on the main level
• Flooring: Hardwood flooring in several rooms; Laminate and wood laminate flooring in kitchen, family room and laundry
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas forced-air heating; Central air conditioning; Gas water heater
• Interior features: First-floor bedroom; First-floor full bathroom; Skylights and window screens; One wood-burning fireplace in the family room; Six total rooms
• Laundry & utility: Main-level laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $437 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $260k).

Location & tenants

• Location reads 77/100 on livability (#167 in IL, #3,071 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living A; Watch: crime C-, amenities C-, schools D+.
• 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: 135 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 14y 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 $74k; list at $260k implies a 249% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $259,999

Questions for the listing agent

1. Built in 1956 — 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 D-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. 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?
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: 1.16% ✓
• Cap rate: 8.31%
• Cash-on-cash: 7.20%
• DSCR: 1.32
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $220,167
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
746 E 157th St	0.11mi	4/2.0	1,403 (-2%)	3mo	$180,000	$128	84
15607 Gouwens Ln	0.09mi	3/1.5 (-1)	1,317 (-8%)	5mo	$237,000	$180	71
15518 Maple St	0.34mi	4/2.0	1,345 (-6%)	1mo	$120,000	$89	68
615 E 156th Pl	0.15mi	3/2.0 (-1)	1,300 (-10%)	2mo	$198,650	$153	66
15439 University Ave	0.55mi	3/1.5 (-1)	1,428 (-1%)	1mo	$250,000	$175	66
15547 Drexel Ave	0.22mi	3/2.5 (-1)	1,600 (+11%)	2mo	$187,500	$117	58
618 E 159th Pl	0.43mi	4/2.0	1,294 (-10%)	2mo	$236,000	$182	58
15554 S Park Ave	0.45mi	3/2.0 (-1)	1,530 (+6%)	4mo	$300,000	$196	57
15265 Drexel Ave	0.50mi	3/2.0 (-1)	1,344 (-7%)	2mo	$155,000	$115	55
15203 Waterman Dr	0.67mi	3/2.0 (-1)	1,548 (+8%)	0mo	$280,000	$181	47
1012 E 159th Pl	0.53mi	3/2.0 (-1)	1,600 (+11%)	1mo	$190,000	$119	47
15321 Ellis Ave	0.52mi	3/2.5 (-1)	1,224 (-15%)	4mo	$135,000	$110	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.2%
• Equity multiple: 0.81×
• Total profit: $-14,179
• Equity at exit: $38,767

10-year hold

• IRR: 4.5%
• Equity multiple: 1.33×
• Total profit: $24,013
• Equity at exit: $22,480

Cash invested: $72,800 (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 60473

• Active inventory: 135
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $3,007 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$467 /mo · $5,602/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$631
• Net cashflow: $437

Break-even live

Break-even rent $2,454

Max offer price $259,999

Occupancy floor 80%

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	24d	1	0.23mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	7d	1	0.23mi
15231 Hastings Dr Dolton, IL	4.0	1.5	1487	$2,146	$1.44	7d	1	0.74mi
16001 Avalon Ave South Holland, IL	3.0	2.0	1136	$3,330	$2.93	6d	1	0.81mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	24d	1	0.81mi
15707 Dante Dr South Holland, IL	3.0	2.0	1800	$2,950	$1.64	2d	1	0.88mi
16246 Dobson Ave South Holland, IL	3.0	2.0	1250	$3,170	$2.54	1d	1	0.92mi
14716 Dorchester Ave Dolton, IL	3.0	2.0	1250	$2,800	$2.24	19d	1	1.33mi
14738 Blackstone Ave Dolton, IL	3.0	1.0	1017	$2,400	$2.36	10d	1	1.37mi
14844 Wabash Ave Dolton, IL	3.0	1.5	1277	$2,320	$1.82	24d	1	1.44mi
15400 Merrill Ave South Holland, IL	4.0	2.0	1508	$3,330	$2.21	21d	1	1.45mi
660 Clyde Ave Calumet City, IL	3.0	1.5	1400	$1,750	$1.25	3d	1	1.46mi

Listing history 2 events

1. 2026-06-18
   remarks 670-char remark
2. 2026-06-18
   listed $259,999 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: $5,602 · $467/mo
• Projected year-2 tax: $5,752 · $479/mo
• Expected delta: +$150/yr (+$13/mo · 2.7%)

ⓘ 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: $36,082
• − Mortgage interest: −$14,564
• − Property taxes: −$5,602
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,887
• − Management: −$2,887
• − Depreciation: −$7,564
• Taxable income: $1,279
• Est. tax owed @ 24.0%: −$307
• After-tax cash flow: $4,934/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 — South Holland

• Score: 77/100
• State rank: #167
• US rank: #3071

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Holland, IL
• City population: 21,407
• Population (ZIP): 21,407

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 (75%)
• Race & ethnicity: Black 75% White 10% Hispanic / Latino 10% Two or more races 3% Asian 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Iranian 3% Romanian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 87% English-only · Spanish 8% Other Asian/Pacific 1% Russian/Polish/Slavic 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: ▼ -114.36%
• Current HPI: 201.2479
• 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

+170.8% since first listed

29 events — show timeline

• 2026-06-16 Listed $259,999 MRED as Distributed by MLS Grid
• 2025-11-14 Pending — MRED as Distributed by MLS Grid
• 2025-11-10 Contingent — MRED as Distributed by MLS Grid
• 2025-11-10 Listing Removed — MRED as Distributed by MLS Grid
• 2025-08-27 Listing Removed — MRED as Distributed by MLS Grid
• 2025-08-27 Listed — MRED as Distributed by MLS Grid
• 2025-08-20 Price Changed — MRED as Distributed by MLS Grid
• 2025-07-31 Listing Removed — MRED as Distributed by MLS Grid
• 2025-07-31 Listed — MRED as Distributed by MLS Grid
• 2025-07-25 Price Changed — MRED as Distributed by MLS Grid
• 2025-07-03 Listing Removed — MRED as Distributed by MLS Grid
• 2025-07-03 Listed — MRED as Distributed by MLS Grid
• 2025-06-27 Price Changed — MRED as Distributed by MLS Grid
• 2025-05-02 Listed — MRED as Distributed by MLS Grid
• 2017-05-25 Sold (Public Records) $74,500 Public Records
• 2017-05-19 Sold (MLS) $74,500 MRED as Distributed by MLS Grid
• 2017-04-16 Contingent — MRED as Distributed by MLS Grid
• 2017-04-06 Listed $74,500 MRED as Distributed by MLS Grid
• 2017-03-16 Listing Removed — MRED as Distributed by MLS Grid
• 2017-03-14 Price Changed — MRED as Distributed by MLS Grid
• 2017-03-10 Listed — MRED as Distributed by MLS Grid
• 2017-01-03 Listing Removed — MRED as Distributed by MLS Grid
• 2016-10-07 Listed — MRED as Distributed by MLS Grid
• 2013-03-07 Listing Removed — MRED as Distributed by MLS Grid
• 2012-11-10 Price Changed — MRED as Distributed by MLS Grid
• 2012-08-27 Listed — MRED as Distributed by MLS Grid
• 2012-08-16 Listing Removed — MRED as Distributed by MLS Grid
• 2012-08-07 Listed — MRED as Distributed by MLS Grid
• 1996-09-19 Sold (Public Records) $96,000 Public Records

Property tax history

+3.9%/yr

Latest (2023): $5,602 · -12.5% YoY. Source: county tax records.