17311 Central Park Ave · Hazel Crest, IL 60429

$240,000

3 bd · 1.5 ba · 1,575 sqft · SingleFamily public records · 54 Days on market

Built 1972 5,400 sqft lot Est $219k · 10% 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 +15.0/30.0
• 1% rule +5.2/10.0
• DSCR +4.6/10.0
• Livability +3.8/5.0
• ARV discount +3.2/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

Key facts

• Outdoor bar
• Quiet street
• Backyard oasis

Tags

• BACKYARD OASIS
• OUTDOOR BAR
• GENEROUSLY SIZED KITCHEN
• NATURAL LIGHT
• QUIET STREET

Property features AI

Finance

• Other: Rehab noted (2025); Property located in Hazel Crest, Bremen township
• HOA & community: No master association fee required

Exterior

• Parking: One parking space (total)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story residence; Fee simple ownership; Rehab completed in 2025; Estimated living area
• Construction: Brick and frame construction; Built approximately 51–60 years ago; Property built before 1978
• Exterior features: Lot dimensions about 40 x 135; Lot smaller than 0.25 acre

Interior

• Kitchen: Main-level kitchen approximately 14 x 8
• Bedrooms: Three bedrooms (including a second-floor master bedroom); Second-floor bedroom approximately 17 x 12; Second-floor bedroom approximately 14 x 11; Second-floor master bedroom approximately 13 x 11
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating
• Interior features: Six total rooms; Crawl space basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $76 ($915/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $240k).
• Recommended offer: $233k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 8.9% in Hazel Crest — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 75/100 on livability (#229 in IL, #4,242 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Bremen Chsd 228 (suburban): math 15% / reading 17% proficiency, ranked #468 of 620 in IL (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Highlands Elem School (math 8% / reading 12%, grade F, #1,517 of 2,056 statewide, top 78%, 327 students, 0% FRL); Prairie-Hills Junior High School (math 7% / reading 10%, grade F, #605 of 665 statewide, top 91%, 825 students, 0% FRL); Hillcrest High School (math 4% / reading 4%, grade F, #657 of 693 statewide, top 95%, 1,314 students, 0% FRL).
• Market conditions: 79 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 4d 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 54 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 18y 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 $42k; list at $240k implies a 478% gain — meaningful room to come down on a strong offer.

Recommended offer $232,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 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 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. 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: 1.02% ✓
• Cap rate: 6.67%
• Cash-on-cash: 1.36%
• DSCR: 1.06
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $218,925
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3500 Maple Ln	0.27mi	3/2.0	1,546 (-2%)	6mo	$192,000	$124	77
17306 Burr Oak Ln	0.30mi	3/2.0	1,658 (+5%)	2mo	$170,000	$103	74
17110 Apple Tree Dr	0.35mi	4/1.0 (+1)	1,534 (-3%)	1mo	$255,000	$166	72
17142 Orchard Ln	0.53mi	3/1.0	1,610 (+2%)	2mo	$150,000	$93	68
17126 Central Park Ave	0.23mi	3/1.5	1,400 (-11%)	6mo	$195,000	$139	66
3311 Hickory Ln	0.28mi	3/1.5	1,400 (-11%)	3mo	$200,000	$143	66
3100 Longfellow Ave	0.64mi	3/2.0	1,601 (+2%)	3mo	$210,000	$131	63
17700 Springfield Ave	0.61mi	4/1.5 (+1)	1,450 (-8%)	2mo	$240,000	$166	52
3736 168th Pl	0.73mi	4/2.0 (+1)	1,533 (-3%)	3mo	$110,000	$72	52
17721 Sarah Ln	0.48mi	4/2.0 (+1)	1,800 (+14%)	4mo	$330,000	$183	43
16943 Old Elm Dr	0.69mi	4/2.0 (+1)	1,400 (-11%)	3mo	$255,000	$182	40
3105 172nd St	0.65mi	4/2.0 (+1)	1,378 (-12%)	7mo	$175,000	$127	36

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: -14.1%
• Equity multiple: 0.50×
• Total profit: $-33,877
• Equity at exit: $35,785

10-year hold

• IRR: -5.1%
• Equity multiple: 0.66×
• Total profit: $-22,602
• Equity at exit: $20,751

Cash invested: $67,200 (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 60429

• Home prices YoY: -14.0%
• Active inventory: 79
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,448 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$499 /mo · $5,985/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $76

Break-even live

Break-even rent $2,351

Max offer price $240,000

Occupancy floor 92%

Sensitivity live

Price	-10% $212	-5% $144	+0% $76	+5% $8	+10% $-60
Rent	-10% $-117	-5% $-20	+0% $76	+5% $173	+10% $270
Rate	-1.0pp $197	-0.5pp $137	base $76	+0.5pp $14	+1.0pp $-49

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3900 171st St Country Club Hills, IL	3.0	1.0	1750	$2,250	$1.29	0d	1	0.52mi
3900 171st St Country Club Hills, IL	3.0	1.0	1750	$2,250	$1.29	9d	1	0.52mi
17306 Holmes Ave Hazel Crest, IL	3.0	2.0	1535	$2,195	$1.43	6d	1	0.74mi
3824 168th Pl Country Club Hills, IL	3.0	2.0	1583	$2,400	$1.52	0d	1	0.79mi
3212 Charlemagne Ave Hazel Crest, IL	3.0	2.5	1412	$2,650	$1.88	0d	1	0.87mi
3515 Bordeaux Ct Hazel Crest, IL	4.0	2.0	1486	$2,900	$1.95	3d	1	0.94mi
2722 Larkspur Ln Hazel Crest, IL	3.0	1.5	1441	$2,650	$1.84	14d	1	1.01mi
18019 Ravisloe Ter Country Club Hills, IL	3.0	1.5	1150	$2,800	$2.43	0d	1	1.15mi

Listing history 32 events

1. 2026-06-21
   days on market $240,000 Active 54 DOM
2. 2026-06-18
   days on market $240,000 Active 51 DOM
3. 2026-06-17
   days on market $240,000 Active 50 DOM
4. 2026-06-16
   days on market $240,000 Active 49 DOM
5. 2026-06-15
   days on market $240,000 Active 48 DOM
6. 2026-06-13
   days on market $240,000 Active 46 DOM
7. 2026-06-09
   days on market $240,000 Active 42 DOM
8. 2026-06-08
   days on market $240,000 Active 41 DOM
9. 2026-06-07
   days on market $240,000 Active 40 DOM
10. 2026-06-04
    days on market $240,000 Active 37 DOM
11. 2026-06-03
    days on market $240,000 Active 36 DOM
12. 2026-06-02
    days on market $240,000 Active 35 DOM
13. 2026-06-01
    days on market $240,000 Active 34 DOM
14. 2026-05-31
    days on market $240,000 Active 33 DOM
15. 2026-05-20
    status Active
16. 2026-05-08
    historical Contingent - No Showings
17. 2026-04-28
    listed $240,000 Active
18. 2009-08-28
    soldstatus $41,526 Closed Sale 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

19. 2009-07-07
    status Pending 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

20. 2009-06-26
    status 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

21. 2009-06-08
    historical 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

22. 2009-05-29
    price $30,000 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

23. 2009-05-29
    status 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

24. 2009-01-26
    historical 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

25. 2009-01-09
    price $52,500 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

26. 2008-12-05
    price $60,000 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

27. 2008-10-31
    listed $75,000 239-char remark

    Show marketing remark (239 chars)

    HUD FORECLOSURE SALE! CASE#131-875914 SOLD"AS IS". INSURED STATUS:IE, "INSURED VALUE $62547". HUD ELEC AUCTION. USE HUD KEY. DISCLSR INCLD LBP, PROP COND REPORT, BIDDING & PROCEDURES SEE SHOWING INSTR. L/D 6.26.09

28. 2008-10-08
    historical
29. 2008-07-25
    price
30. 2008-05-09
    listed
31. 1997-11-21
    soldstatus $79,000
32. 1986-05-01
    soldstatus $58,000

ⓘ 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: $5,985 · $499/mo
• Projected year-2 tax: $5,985 · $499/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 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,371
• − Mortgage interest: −$13,444
• − Property taxes: −$5,985
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,350
• − Management: −$2,350
• − Depreciation: −$6,982
• Taxable loss: −$2,939
• Est. tax savings @ 24.0%: +$705
• After-tax cash flow: $1,620/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: Bremen Chsd 228
• NCES district ID: 1707050
• Math proficiency: 15% ▼ -4.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $57,625
• Composite: 15.32/100
• National rank: #9327
• State rank: #468 of 620 in IL

Livability — Hazel Crest

• Score: 75/100
• State rank: #229
• US rank: #4242

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hazel Crest, IL
• City population: 14,602
• Population (ZIP): 14,602

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 (83%)
• Race & ethnicity: Black 83% White 7% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 1% Iranian 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▼ -46.04%
• Current HPI: 282.3552
• 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

+313.8% since first listed

18 events — show timeline

• 2026-05-20 Relisted — MRED as Distributed by MLS Grid
• 2026-05-08 Contingent — MRED as Distributed by MLS Grid
• 2026-04-28 Listed $240,000 MRED as Distributed by MLS Grid
• 2009-08-28 Sold (MLS) $41,526 MRED as Distributed by MLS Grid
• 2009-07-07 Pending — MRED as Distributed by MLS Grid
• 2009-06-26 Relisted — MRED as Distributed by MLS Grid
• 2009-06-08 Listing Removed — MRED as Distributed by MLS Grid
• 2009-05-29 Relisted — MRED as Distributed by MLS Grid
• 2009-05-29 Price Changed $30,000 MRED as Distributed by MLS Grid
• 2009-01-26 Listing Removed — MRED as Distributed by MLS Grid
• 2009-01-09 Price Changed $52,500 MRED as Distributed by MLS Grid
• 2008-12-05 Price Changed $60,000 MRED as Distributed by MLS Grid
• 2008-10-31 Listed $75,000 MRED as Distributed by MLS Grid
• 2008-10-08 Listing Removed — MRED as Distributed by MLS Grid
• 2008-07-25 Price Changed — MRED as Distributed by MLS Grid
• 2008-05-09 Listed — MRED as Distributed by MLS Grid
• 1997-11-21 Sold (Public Records) $79,000 Public Records
• 1986-05-01 Sold (Public Records) $58,000 Public Records

Property tax history

+4.2%/yr

Latest (2023): $5,985 · -15.3% YoY. Source: county tax records.