15741 Finch Ave · Harvey, IL 60426

$140,000

3 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 7 Days on market

Built 1958 6,098 sqft lot Est $115k · 21% 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 +25.4/30.0
• Appreciation +10.0/10.0
• 1% rule +8.4/10.0
• DSCR +8.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Move in condition best describes this well kept Ranch. Perfect location to walk to train, schools,and bus. Park/play ground right at the corner. Large 3 bedroom with updated Full bath. Full unfinished basement. Detached garage with alley access. Easy to show. Call listing agent with notice.

Key facts

• Deep 124 foot lot
• Updated bath
• Garden potential

Tags

• UPDATED BATH
• BRIGHT LVP FLOORED KITCHEN
• FENCED BACKYARD
• FULL OPEN BASEMENT
• DEEP 124 FOOT LOT
• GARDEN POTENTIAL

Property features AI

Finance

• Other: Possession at closing; Directions: Exit I-294 and head east onto W 159th St, turn left on Finch Ave; property will be on the right
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (2 garage spaces, 2 total parking spaces)
• Utilities: Lake Michigan water source; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Built 61–70 years ago; Property built before 1978
• Construction: Frame construction
• Exterior features: Lot less than 0.25 acre; Lot dimensions: 6300

Interior

• Kitchen: Kitchen on main level — 11 x 18, vinyl flooring
• Bedrooms: Master bedroom (main level); Bedroom (main level) — 9 x 12, carpet; Bedroom (main level) — 9 x 9, carpet; Additional bedroom listed
• Flooring: Carpet in living areas and bedrooms; Vinyl flooring in kitchen
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating
• Interior features: Unfinished full basement; Total of 5 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 $140k.

Deal economics

• At list price, monthly cash flow is $324 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).

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 $15k of equity ($968 loan paydown + $14k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $44k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $43k; list at $140k implies a 226% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,000

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.34% ✓
• Cap rate: 9.07%
• Cash-on-cash: 9.92%
• DSCR: 1.44
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $115,440
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15533 Vincennes Rd	0.49mi	3/1.0	1,020 (-2%)	6mo	$85,000	$83	69
635 E 155th Pl	0.52mi	3/1.0	1,030 (-1%)	15mo	$128,000	$124	62
15709 Lexington Ave	0.49mi	2/1.5 (-1)	1,040 (0%)	11mo	$115,000	$111	61
16019 Myrtle Ave	0.71mi	3/1.0	1,008 (-3%)	3mo	$70,000	$69	59
736 E 155th Pl	0.64mi	3/1.0	1,020 (-2%)	12mo	$135,000	$132	57
15316 4th Ave	0.68mi	3/1.0	964 (-7%)	2mo	$35,000	$36	54
16005 Lowe Ave	0.50mi	3/2.0	1,114 (+7%)	15mo	$167,000	$150	48
523 E 152nd St	0.74mi	2/1.0 (-1)	942 (-9%)	3mo	$16,000	$17	42
16320 Carse Ave	0.71mi	3/1.0	1,118 (+8%)	15mo	$92,900	$83	42
360 E 163rd St	0.70mi	3/2.0	1,101 (+6%)	15mo	$185,000	$168	42
16314 Finch Ave	0.69mi	3/1.0	1,158 (+11%)	12mo	$199,000	$172	39
15243 3rd Ave	0.74mi	3/1.0	1,182 (+14%)	12mo	$40,000	$34	33

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: 31.6%
• Equity multiple: 3.48×
• Total profit: $97,043
• Equity at exit: $126,123

10-year hold

• IRR: 27.3%
• Equity multiple: 7.88×
• Total profit: $269,835
• Equity at exit: $271,989

Cash invested: $39,200 (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: 6.2×

Monthly cashflow live

• Estimated rent: $1,882 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$370 /mo · $4,443/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $324

Break-even live

Break-even rent $1,472

Max offer price $140,000

Occupancy floor 78%

Sensitivity live

Price	-10% $403	-5% $364	+0% $324	+5% $285	+10% $245
Rent	-10% $175	-5% $250	+0% $324	+5% $399	+10% $473
Rate	-1.0pp $395	-0.5pp $360	base $324	+0.5pp $288	+1.0pp $251

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 2 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	25d	1	0.42mi
16125 Marshfield Ave Markham, IL	3.0	1.0	1043	$2,400	$2.30	2d	1	0.98mi

Listing history 28 events

1. 2026-06-18
   days on market $140,000 Active 7 DOM
2. 2026-06-17
   days on market $140,000 Active 6 DOM
3. 2026-06-16
   days on market $140,000 Active 5 DOM
4. 2026-06-15
   days on market $140,000 Active 4 DOM
5. 2026-06-13
   days on market $140,000 Active 2 DOM
6. 2026-06-13
   pricedays on marketlisting id $140,000 Active 1 DOM
7. 2026-06-09
   days on market $144,000 Active 236 DOM
8. 2026-06-08
   days on market $144,000 Active 235 DOM
9. 2026-06-07
   days on market $144,000 Active 234 DOM
10. 2026-06-04
    days on market $144,000 Active 231 DOM
11. 2026-06-03
    days on market $144,000 Active 230 DOM
12. 2026-06-02
    days on market $144,000 Active 229 DOM
13. 2026-06-01
    days on market $144,000 Active 228 DOM
14. 2026-05-31
    days on market $144,000 Active 227 DOM
15. 2026-05-15
    price $144,000
16. 2026-04-17
    price $148,000
17. 2026-03-27
    price $153,000
18. 2026-02-27
    price $158,000
19. 2026-01-30
    price $163,000
20. 2026-01-09
    price $168,000
21. 2025-12-05
    price $173,000
22. 2025-11-07
    price $178,000
23. 2025-10-16
    listed $184,000 Active
24. 2022-02-11
    price $1,375
25. 2013-01-23
    soldstatus $43,000 Closed Sale 297-char remark

    Show marketing remark (297 chars)

    Move in condition best describes this well kept Ranch. Perfect location to walk to train, schools,and bus. Park/play ground right at the corner. Large 3 bedroom with updated Full bath. Full unfinished basement. Detached garage with alley access. Easy to show. Call listing agent with notice.

26. 2013-01-04
    status Pending 297-char remark

    Show marketing remark (297 chars)

    Move in condition best describes this well kept Ranch. Perfect location to walk to train, schools,and bus. Park/play ground right at the corner. Large 3 bedroom with updated Full bath. Full unfinished basement. Detached garage with alley access. Easy to show. Call listing agent with notice.

27. 2012-09-28
    price $46,500 Price Change 297-char remark

    Show marketing remark (297 chars)

    Move in condition best describes this well kept Ranch. Perfect location to walk to train, schools,and bus. Park/play ground right at the corner. Large 3 bedroom with updated Full bath. Full unfinished basement. Detached garage with alley access. Easy to show. Call listing agent with notice.

28. 2012-09-07
    listed $56,500 New 297-char remark

    Show marketing remark (297 chars)

    Move in condition best describes this well kept Ranch. Perfect location to walk to train, schools,and bus. Park/play ground right at the corner. Large 3 bedroom with updated Full bath. Full unfinished basement. Detached garage with alley access. Easy to show. Call listing agent with notice.

ⓘ 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: $4,443 · $370/mo
• Projected year-2 tax: $4,443 · $370/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 1/10 Low FEMA zone X (unshaded) · 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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,587
• − Mortgage interest: −$7,842
• − Property taxes: −$4,443
• − Insurance: −$700
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − Depreciation: −$4,073
• Taxable income: $1,915
• Est. tax owed @ 24.0%: −$460
• After-tax cash flow: $3,431/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

+154.9% since first listed

14 events — show timeline

• 2026-05-15 Price Changed $144,000 MRED as Distributed by MLS Grid
• 2026-04-17 Price Changed $148,000 MRED as Distributed by MLS Grid
• 2026-03-27 Price Changed $153,000 MRED as Distributed by MLS Grid
• 2026-02-27 Price Changed $158,000 MRED as Distributed by MLS Grid
• 2026-01-30 Price Changed $163,000 MRED as Distributed by MLS Grid
• 2026-01-09 Price Changed $168,000 MRED as Distributed by MLS Grid
• 2025-12-05 Price Changed $173,000 MRED as Distributed by MLS Grid
• 2025-11-07 Price Changed $178,000 MRED as Distributed by MLS Grid
• 2025-10-16 Listed $184,000 MRED as Distributed by MLS Grid
• 2022-02-11 Price Changed $1,375 RENT.
• 2013-01-23 Sold (MLS) $43,000 MRED as Distributed by MLS Grid
• 2013-01-04 Pending — MRED as Distributed by MLS Grid
• 2012-09-28 Price Changed $46,500 MRED as Distributed by MLS Grid
• 2012-09-07 Listed $56,500 MRED as Distributed by MLS Grid

Property tax history

+18.2%/yr

Latest (2023): $4,443 · +12.6% YoY. Source: county tax records.