14564 Spaulding Ave · Harvey, IL 60426

$130,000

3 bd · 1.0 ba · 919 sqft · SingleFamily public records · 79 Days on market

Built 1971 Est $153k · 15% under

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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 +24.7/30.0
• ARV discount +14.4/15.0
• Appreciation +10.0/10.0
• DSCR +8.0/10.0
• 1% rule +6.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks

Spacious 4 bedroom 1.5 bathroom single family home. This home sits on an oversized lot along with plenty of amenities. The sun-filled living area is perfect for entertaining, featuring a beautiful fire place and a open layout concept. Beautiful kitchen it features white cabinets, quartz countertops, stainless steal appliances, and a breakfast bar area overlooking the living room. Need more space the lower basement level includes a spacious 4th bedroom

Key facts

• 2 parking spots
• Built 1971
• Listed 79 days

Property features AI

Finance

• Other: Fee simple ownership
• HOA & community: No master association fee required

Exterior

• Parking: 2 owned parking spaces
• Utilities: Public water; Public sewer
• Home design: Detached single-family split-level home; Rehab completed in 2022; Built before 1978 (age 51–60 years)
• Construction: Brick and frame construction
• Exterior features: Lot dimensions approx. 52 x 76 x 42 x 107; Lot smaller than 0.25 acre

Interior

• Kitchen: Eat-in kitchen on main level (approx. 8 x 8)
• Bedrooms: 3 bedrooms (plus possible 4th bedroom in basement); Master bedroom on second level; Second-level bedrooms with dimensions approximately 11 x 9 and 9 x 9; Basement bedroom approximately 9 x 14 with wood laminate flooring
• Flooring: Wood laminate flooring in basement bedroom
• Bathrooms: 1 full bathroom; 1 half bathroom; Basement has a bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Partially finished basement; Total of 7 rooms
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $78 ($940/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $122k (6.0% 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 ($899 loan paydown + $13k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 13y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $192/mo.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
9. 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.
10. 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: 1.14% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.93%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $153,473
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14727 Wood St	0.27mi	3/1.5	900 (-2%)	6mo	$60,000	$67	77
14911 Page Ave	0.48mi	3/1.5	923 (+0%)	2mo	$110,000	$119	74
14921 Lincoln Ave	0.45mi	3/1.0	900 (-2%)	6mo	$149,900	$167	71
34 W 142nd St	0.50mi	3/1.0	960 (+4%)	9mo	$175,000	$182	62
15133 S Honore Ave	0.74mi	3/1.0	900 (-2%)	0mo	$149,900	$167	62
14839 Cooper Ave	0.45mi	3/1.0	992 (+8%)	6mo	$42,000	$42	60
110 W 150th St	0.54mi	3/1.0	1,008 (+10%)	0mo	$101,250	$100	59
23 W 143 St	0.49mi	4/1.0 (+1)	984 (+7%)	5mo	$155,000	$158	56
14609 Justine St	0.48mi	3/2.0	1,000 (+9%)	6mo	$237,500	$238	54
14103 Marshfield Ave	0.70mi	3/1.0	960 (+4%)	8mo	$177,000	$184	53
14920 Hoyne Ave S	0.50mi	2/1.0 (-1)	1,000 (+9%)	9mo	$85,000	$85	50
14525 Oakley St	0.46mi	3/2.0	1,052 (+14%)	7mo	$240,000	$228	44

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: 26.2%
• Equity multiple: 3.09×
• Total profit: $75,931
• Equity at exit: $117,114

10-year hold

• IRR: 23.0%
• Equity multiple: 7.04×
• Total profit: $219,961
• Equity at exit: $252,561

Cash invested: $36,400 (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: 7.3×

Monthly cashflow live

• Estimated rent: $1,480 medium
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• Flood insurance flood zone: −$192 /mo · $2,309/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $78

Break-even live

Break-even rent $1,381

Max offer price $130,000

Occupancy floor 90%

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: $32,500
• Closing costs: $3,900
• 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	0.23mi
14521 Richmond Ave Unit 3 Posen, IL	2.0	1.0	850	$1,375	$1.62	24d	1	1.48mi

Listing history 38 events

1. 2026-06-18
   days on market $130,000 Active 79 DOM
2. 2026-06-17
   days on market $130,000 Active 78 DOM
3. 2026-06-16
   days on market $130,000 Active 77 DOM
4. 2026-06-15
   days on market $130,000 Active 76 DOM
5. 2026-06-13
   days on market $130,000 Active 74 DOM
6. 2026-06-13
   days on market $130,000 Active 73 DOM
7. 2026-06-09
   days on market $130,000 Active 70 DOM
8. 2026-06-08
   days on market $130,000 Active 69 DOM
9. 2026-06-07
   days on market $130,000 Active 68 DOM
10. 2026-06-04
    days on market $130,000 Active 65 DOM
11. 2026-06-03
    days on market $130,000 Active 64 DOM
12. 2026-06-02
    days on market $130,000 Active 63 DOM
13. 2026-06-01
    days on market $130,000 Active 62 DOM
14. 2026-05-31
    days on market $130,000 Active 61 DOM
15. 2026-05-20
    price $130,000
16. 2026-03-30
    listed $150,000 Active
17. 2026-03-30
    historical
18. 2025-10-02
    listed Active
19. 2025-10-02
    historical
20. 2025-04-09
    listed Active
21. 2025-04-09
    historical
22. 2025-03-12
    listed Active
23. 2025-03-12
    historical
24. 2025-02-13
    price
25. 2024-10-15
    listed Active
26. 2022-11-14
    soldstatus $150,000
27. 2022-11-07
    soldstatus $150,000 Closed
28. 2022-09-24
    status Pending
29. 2022-08-18
    price $159,900
30. 2022-07-20
    price $160,000
31. 2022-06-20
    listed $169,900 Active
32. 2022-06-20
    historical
33. 2022-06-03
    price
34. 2022-05-21
    listed Active
35. 2014-04-28
    soldstatus $10,299 Closed Sale
36. 2013-10-17
    historical Contingent
37. 2013-10-08
    listed $9,000 New
38. 2000-07-19
    soldstatus $62,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AH · 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: $17,759
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$2,959
• − Repairs & maintenance: −$1,421
• − Management: −$1,421
• − Depreciation: −$3,782
• Taxable loss: −$1,055
• Est. tax savings @ 24.0%: +$253
• After-tax cash flow: $1,193/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

+109.7% since first listed

24 events — show timeline

• 2026-05-20 Price Changed $130,000 MRED as Distributed by MLS Grid
• 2026-03-30 Listing Removed — MRED as Distributed by MLS Grid
• 2026-03-30 Listed $150,000 MRED as Distributed by MLS Grid
• 2025-10-02 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-02 Listed — MRED as Distributed by MLS Grid
• 2025-04-09 Listing Removed — MRED as Distributed by MLS Grid
• 2025-04-09 Listed — MRED as Distributed by MLS Grid
• 2025-03-12 Listing Removed — MRED as Distributed by MLS Grid
• 2025-03-12 Listed — MRED as Distributed by MLS Grid
• 2025-02-13 Price Changed — MRED as Distributed by MLS Grid
• 2024-10-15 Listed — MRED as Distributed by MLS Grid
• 2022-11-14 Sold (Public Records) $150,000 Public Records
• 2022-11-07 Sold (MLS) $150,000 MRED as Distributed by MLS Grid
• 2022-09-24 Pending — MRED as Distributed by MLS Grid
• 2022-08-18 Price Changed $159,900 MRED as Distributed by MLS Grid
• 2022-07-20 Price Changed $160,000 MRED as Distributed by MLS Grid
• 2022-06-20 Listing Removed — MRED as Distributed by MLS Grid
• 2022-06-20 Listed $169,900 MRED as Distributed by MLS Grid
• 2022-06-03 Price Changed — MRED as Distributed by MLS Grid
• 2022-05-21 Listed — MRED as Distributed by MLS Grid
• 2014-04-28 Sold (MLS) $10,299 MRED as Distributed by MLS Grid
• 2013-10-17 Contingent — MRED as Distributed by MLS Grid
• 2013-10-08 Listed $9,000 MRED as Distributed by MLS Grid
• 2000-07-19 Sold (Public Records) $62,000 Public Records

Property tax history

+9.7%/yr

Latest (2023): $9,222 · +120.8% YoY. Source: county tax records.