738 E 158th St · South Holland, IL 60473

$242,000

3 bd · 1.5 ba · 1,152 sqft · SingleFamily public records · 31 Days on market

Built 1966 7,318 sqft lot Est $197k · 23% 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 +21.6/30.0
• 1% rule +7.3/10.0
• DSCR +6.9/10.0
• 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 MLS

Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

Key facts

• Brick split-level
• Spacious kitchen
• Large living room

Tags

• BRICK SPLIT-LEVEL
• LARGE LIVING ROOM
• SPACIOUS KITCHEN
• STAINLESS STEEL APPLIANCES
• RECESSED LIGHTING
• HARDWOOD FLOORS

Property features AI

Finance

• Other: Possession at closing or negotiable; Listing holds earnest money
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage (garage owned) with 2 garage spaces; Concrete driveway; Garage door opener
• Utilities: Water source: Lake Michigan; Public sewer; Electric service with circuit breakers
• Home design: Detached single-family home; Split-level / tri-level layout; Fee simple ownership
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built approximately 51–60 years ago; Built before 1978
• Exterior features: Lot roughly 60 x 125; Less than 0.25 acre lot; School bus service and commuter bus access; close to interstate access

Interior

• Kitchen: Galley-style kitchen (15 x 11); Range; Dishwasher; Refrigerator
• Bedrooms: Three bedrooms total; Master bedroom on second level (15 x 11) with blinds and hardwood flooring; Two additional second-level bedrooms (each 12 x 11) with hardwood flooring and blinds
• Flooring: Hardwood in primary living areas and bedrooms; Vinyl in kitchen; Carpet in lower-level family room
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: Seven total rooms; Hardwood flooring throughout main living areas; One fireplace in the family room; Blinds on windows; Ceiling fan(s); Sump pump
• Laundry & utility: Laundry room on lower level (15 x 11); Washer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $242k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $242k).
• Recommended offer: $235k (3.0% below list) — sets the bar for market timing.

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: 136 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 12d 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 $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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 $132k; list at $242k implies a 84% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price.

Recommended offer $234,740 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1966 — 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 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.23% ✓
• Cap rate: 8.12%
• Cash-on-cash: 6.51%
• DSCR: 1.29
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $196,992
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15509 Rose Dr	0.35mi	2/1.0 (-1)	1,100 (-4%)	0mo	$135,000	$123	69
615 E 156th Pl	0.16mi	3/2.0	1,300 (+13%)	2mo	$198,650	$153	68
15505 Drexel Ave	0.40mi	4/2.0 (+1)	1,200 (+4%)	2mo	$205,000	$171	66
823 E 163rd St	0.64mi	3/1.0	1,184 (+3%)	1mo	$197,500	$167	62
618 E 159th Pl	0.22mi	4/2.0 (+1)	1,294 (+12%)	2mo	$236,000	$182	61
16001 Avalon Ave	0.68mi	4/2.0 (+1)	1,136 (-1%)	1mo	$187,500	$165	58
735 E 163rd St	0.64mi	3/1.0	1,064 (-8%)	0mo	$195,000	$183	56
15542 S Park Ave	0.53mi	4/2.0 (+1)	1,066 (-8%)	1mo	$193,900	$182	55
15722 Woodlawn East Ave	0.56mi	3/1.5	1,015 (-12%)	1mo	$101,000	$100	53
1006 E 163rd St	0.70mi	3/2.0	1,263 (+10%)	1mo	$262,500	$208	48
15310 Oak St	0.63mi	4/1.5 (+1)	1,037 (-10%)	1mo	$190,000	$183	48
15634 Avalon Ave	0.63mi	4/1.5 (+1)	1,029 (-11%)	1mo	$115,000	$112	47

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: -6.2%
• Equity multiple: 0.77×
• Total profit: $-15,557
• Equity at exit: $36,083

10-year hold

• IRR: 3.6%
• Equity multiple: 1.26×
• Total profit: $17,565
• Equity at exit: $20,924

Cash invested: $67,760 (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: 136
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,972 high
• Mortgage (P&I): −$1,269
• Tax from tax record: −$610 /mo · $7,322/yr
• Insurance: −$101
• HOA: −$0
• Vacancy / Maint / Mgmt: −$624
• Net cashflow: $368

Break-even live

Break-even rent $2,506

Max offer price $242,000

Occupancy floor 83%

Sensitivity live

Price	-10% $505	-5% $436	+0% $368	+5% $299	+10% $231
Rent	-10% $133	-5% $250	+0% $368	+5% $485	+10% $603
Rate	-1.0pp $490	-0.5pp $429	base $368	+0.5pp $305	+1.0pp $241

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: $60,500
• Closing costs: $7,260
• Reserves months: —
• Total cash needed: —

Rent comps 8 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	25d	1	0.43mi
15509 Park Ln South Holland, IL	4.0	1.5	1200	$3,400	$2.83	8d	1	0.43mi
16001 Avalon Ave South Holland, IL	3.0	2.0	1136	$3,330	$2.93	7d	1	0.67mi
16246 Dobson Ave South Holland, IL	3.0	2.0	1250	$3,170	$2.54	0d	1	0.67mi
15238 Doctor Martin Luther King Junior Dr Unit 2W Dolton, IL	2.0	1.0	800	$1,500	$1.88	11d	1	0.80mi
15231 Hastings Dr Dolton, IL	4.0	1.5	1487	$2,146	$1.44	8d	1	0.92mi
14916 Langley Ave Dolton, IL	3.0	1.5	1418	$2,500	$1.76	25d	1	1.09mi
14817 Champlain Ave Dolton, IL	2.0	1.0	980	$2,430	$2.48	23d	1	1.21mi

Listing history 29 events

1. 2026-06-21
   days on market $242,000 Active 31 DOM
2. 2026-06-18
   days on market $242,000 Active 28 DOM
3. 2026-06-17
   days on market $242,000 Active 27 DOM
4. 2026-06-16
   days on market $242,000 Active 26 DOM
5. 2026-06-15
   days on market $242,000 Active 25 DOM
6. 2026-06-13
   days on market $242,000 Active 23 DOM
7. 2026-06-13
   days on market $242,000 Active 22 DOM
8. 2026-06-09
   days on market $242,000 Active 19 DOM
9. 2026-06-08
   days on market $242,000 Active 18 DOM
10. 2026-06-07
    days on market $242,000 Active 17 DOM
11. 2026-06-04
    days on market $242,000 Active 14 DOM
12. 2026-06-03
    days on market $242,000 Active 13 DOM
13. 2026-06-02
    days on market $242,000 Active 12 DOM
14. 2026-06-01
    days on market $242,000 Active 11 DOM
15. 2026-05-31
    days on market $242,000 Active 10 DOM
16. 2026-05-21
    listed $242,000 Active
17. 2017-09-06
    soldstatus $131,500
18. 2017-09-01
    soldstatus $131,500 Closed Sale 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

19. 2017-07-20
    historical Contingent 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

20. 2017-07-11
    status Reactivated 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

21. 2017-06-02
    historical Contingent 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

22. 2017-04-25
    status Reactivated 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

23. 2017-02-25
    historical Contingent 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

24. 2017-02-14
    price $131,500 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

25. 2016-07-28
    price $132,500 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

26. 2016-06-03
    price $134,900 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

27. 2016-05-12
    listed $139,900 New 507-char remark

    Show marketing remark (507 chars)

    Nice split with updated Kitchen and stainless appliances, recessed lights, updated baths. hardwood floors, ceiling fans in bedrooms. Yard is fenced and garage is attached and is 2.5. Lower level fireplace and service door our to garage. Owner has taken very good care of this home. Walk to shopping, churches and parks. Great home. 2 deals fell apart. Buyer must be preapproved with preferred lender. 2 inspections done . Requests done. Just need solid buyer. . As is. All requirements done. Appraisal done.

28. 2001-08-23
    soldstatus $130,000
29. 2001-06-27
    soldstatus $138,000

ⓘ 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: $7,322 · $610/mo
• Projected year-2 tax: $7,322 · $610/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 ≥103°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: $35,663
• − Mortgage interest: −$13,556
• − Property taxes: −$7,322
• − Insurance: −$1,210
• − Repairs & maintenance: −$2,853
• − Management: −$2,853
• − Depreciation: −$7,040
• Taxable income: $829
• Est. tax owed @ 24.0%: −$199
• After-tax cash flow: $4,214/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

+75.4% since first listed

14 events — show timeline

• 2026-05-21 Listed $242,000 MRED as Distributed by MLS Grid
• 2017-09-06 Sold (Public Records) $131,500 Public Records
• 2017-09-01 Sold (MLS) $131,500 MRED as Distributed by MLS Grid
• 2017-07-20 Contingent — MRED as Distributed by MLS Grid
• 2017-07-11 Relisted — MRED as Distributed by MLS Grid
• 2017-06-02 Contingent — MRED as Distributed by MLS Grid
• 2017-04-25 Relisted — MRED as Distributed by MLS Grid
• 2017-02-25 Contingent — MRED as Distributed by MLS Grid
• 2017-02-14 Price Changed $131,500 MRED as Distributed by MLS Grid
• 2016-07-28 Price Changed $132,500 MRED as Distributed by MLS Grid
• 2016-06-03 Price Changed $134,900 MRED as Distributed by MLS Grid
• 2016-05-12 Listed $139,900 MRED as Distributed by MLS Grid
• 2001-08-23 Sold (Public Records) $130,000 Public Records
• 2001-06-27 Sold (Public Records) $138,000 Public Records

Property tax history

+4.8%/yr

Latest (2023): $7,322 · +27.0% YoY. Source: county tax records.