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16343 Central Park Ave
B+ Composite 76.98
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 +30.0/30.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Appreciation +10.0/10.0
  • ARV discount +7.5/15.0
  • Livability +3.8/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.2/5.0
  • Schools +0.9/10.0

$80,000

16343 Central Park Ave · Markham, IL 60428
3 bd · 2.0 ba · 1,421 sqft · SingleFamily public records · 167 Days on market
Built 1947 Fair condition Garage $56/sqft · 52% below area

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

ATTENTION INVESTORS. Your next rehab and/or long-term rental awaits. 1421 SF, 4 bed, 2 full bath, HUGE detached 2-car garage, on just under a quarter acre lot. Hardwood on main level. Both bathrooms have newer flooring and some updates. Newer furnace, A/C, and Electric. Plenty of possibilities and room for upside. Buyer to take on all village required repairs and final cleanout. No Survey. As-Is.

Key facts

  • 2 garage spots
  • Built 1947
  • Listed 166 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $80k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $1k ($17k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $80k).
  • Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
  • Cap rate 27.5% vs local median 10.8% in Markham — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 76/100 on livability (#186 in IL, #3,539 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D, amenities D, employment D.
  • 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: Markham Park Elem School (math 8% / reading 12%, grade F, #1,517 of 2,056 statewide, top 78%, 308 students, 0% FRL); Prairie-Hills Junior High School (math 7% / reading 10%, grade F, #605 of 665 statewide, top 91%, 825 students, 0% FRL); Bremen High School (math 8% / reading 11%, grade F, #577 of 693 statewide, top 84%, 1,497 students, 0% FRL).
  • Market conditions: 93 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 55d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
  • At $2,486/mo this rent would consume 56% of the median local household income ($53k/yr) (locally 32% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • In year one you build about $9k of equity ($553 loan paydown + $8k appreciation (10.0% local appreciation)).
  • At projected returns (10.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~1 year — after that, you're playing with house money.
  • By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 167 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

  1. It's been on market 167 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  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 D 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
3.11%
Cap rate
27.46%
Cash-on-cash
75.60%
DSCR
4.36
GRM
2.7

CMA / ARV

ARV (median comp)
$167,086
List price
$80,000
Delta
-31.17%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
16325 St Louis Ave 0.13mi 3/1.0 1,452 (+2%) 2mo $139,000 $96 85
16446 Spaulding Ave 0.38mi 3/1.0 1,473 (+4%) 3mo $218,000 $148 70
16302 Trumbull Ave 0.17mi 3/1.0 1,260 (-11%) 5mo $139,900 $111 65
16431 Spaulding Ave 0.39mi 3/1.0 1,500 (+6%) 6mo $75,000 $50 64
16827 Glen Oaks Dr 0.61mi 4/2.0 (+1) 1,400 (-2%) 3mo $274,000 $196 62
16018 Saint Louis Ave 0.44mi 4/2.0 (+1) 1,328 (-6%) 3mo $220,999 $166 61
16524 Sawyer Ave 0.46mi 4/2.0 (+1) 1,501 (+6%) 4mo $192,500 $128 61
3846 169th St 0.70mi 4/2.0 (+1) 1,439 (+1%) 0mo $221,500 $154 60
16037 Springfield Ave 0.53mi 3/2.0 1,566 (+10%) 6mo $206,000 $132 53
16030 Saint Louis Ave 0.41mi 3/1.5 1,228 (-14%) 6mo $200,000 $163 51
3737 Rose Manor Ter 0.47mi 2/1.0 (-1) 1,210 (-15%) 3mo $165,000 $136 42
3425 Birchwood Dr 0.72mi 4/2.0 (+1) 1,256 (-12%) 4mo $180,000 $143 39

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
86.0%
Equity multiple
6.96×
Total profit
$133,493
Equity at exit
$72,070
10-year hold
IRR
80.5%
Equity multiple
15.40×
Total profit
$322,504
Equity at exit
$155,422

Cash invested: $22,400 (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.
Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
15 active · 38 under contract
Months of supply
2.5 mo (40%/mo absorbed)
Median asking
$185,000 ($141/sqft)
Median days on market
71 d
This list price
lowest-priced of the active set
ARV vs active asking
-16.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 60428

Home prices YoY
8.5%
Active inventory
93
Price-to-rent
2.7×

Monthly cashflow live

Estimated rent
$2,486 high interval (Pro) →
Mortgage (P&I)
$420
Tax est. 1.5%
$100 /mo · $1,200/yr
Insurance
$33
HOA
$0
Vacancy / Maint / Mgmt
$522
Net cashflow
$1,411

Break-even live

Break-even rent $700
Max offer price $80,000
Occupancy floor 38%

Sensitivity live

Price -10% $1,467 -5% $1,439 +0% $1,411 +5% $1,384 +10% $1,356
Rent -10% $1,215 -5% $1,313 +0% $1,411 +5% $1,509 +10% $1,608
Rate -1.0pp $1,452 -0.5pp $1,432 base $1,411 +0.5pp $1,391 +1.0pp $1,369

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
$20,000
Closing costs
$2,400
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 18 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3824 168th Pl Country Club Hills, IL 3.0 2.0 1583 $2,400 $1.52 93d 1 0.62mi
3824 168th Pl Country Club Hills, IL 3.0 2.0 1583 $2,400 $1.52 94d 1 0.62mi
3813 168th Pl Country Club Hills, IL 4.0 2.0 1522 $2,500 $1.64 11d 1 0.64mi
3900 169th St Country Club Hills, IL 4.0 2.0 1400 $3,200 $2.29 51d 1 0.71mi
3308 Birchwood Dr Hazel Crest, IL 4.0 1.5 1610 $2,900 $1.80 59d 1 0.74mi
3900 171st St Country Club Hills, IL 3.0 1.0 1750 $2,250 $1.29 103d 1 1.02mi
3900 171st St Country Club Hills, IL 3.0 1.0 1750 $2,250 $1.29 94d 1 1.02mi
3203 Oak Ct Hazel Crest, IL 3.0 2.5 1750 $2,990 $1.71 5d 1 1.07mi
15711 Whipple Ave Markham, IL 3.0 1.0 920 $3,025 $3.29 9d 1 1.07mi
15711 Whipple Ave Markham, IL 4.0 1.0 1000 $3,025 $3.02 0d 1 1.07mi
4331 Scott St Oak Forest, IL 3.0 2.0 1346 $1,500 $1.11 36d 1 1.08mi
17306 Peach Grove Ln Hazel Crest, IL 4.0 1.0 1034 $2,700 $2.61 94d 1 1.29mi
16454 Roy St Oak Forest, IL 3.0 1.0 1070 $2,821 $2.64 2d 1 1.30mi
16450 Roy St Oak Forest, IL 3.0 1.5 1500 $2,400 $1.60 113d 1 1.30mi
16460 Roy St Oak Forest, IL 4.0 2.5 1407 $1,909 $1.36 57d 1 1.30mi
17306 Holmes Ave Hazel Crest, IL 3.0 2.0 1535 $2,195 $1.43 54d 1 1.45mi
17306 Holmes Ave Hazel Crest, IL 3.0 2.0 1535 $2,195 $1.43 41d 1 1.45mi
17306 Holmes Ave Hazel Crest, IL 3.0 2.0 1535 $2,195 $1.43 7d 1 1.45mi

Property features AI

Finance

Other
Property assessed using assessor's living area sourceBuilt before 1978
Financial info
Special service area: No
HOA & community
No master association fee required

Exterior

Parking
Detached, owned garage (2 garage spaces; 2 total parking spaces)
Utilities
Public waterPublic sewer
Home design
Detached single-family home1.5-story designFee simple ownershipBuilt before 1978 (house age listed as 71–80 years)
Construction
Aluminum siding constructionNo records of being rebuilt or rehabbed
Exterior features
Aluminum sidingLot smaller than 0.25 acreLot dimensions listed as 5040

Interior

Kitchen
Kitchen (approximately 15 x 11)
Bedrooms
Four bedrooms (Master and two bedrooms on the second floor; one bedroom on the main level)Master bedroom approximately 21 x 13Second-floor bedroom approximately 15 x 12Second-floor bedroom approximately 8 x 8Main-level bedroom approximately 11 x 9
Flooring
Hardwood flooring in at least one main-level bedroom
Bathrooms
Two full bathrooms
Heating & cooling
Natural gas forced-air heatingCentral air conditioning
Interior features
Seven total roomsFull, unfinished basement
Laundry & utility
Dedicated laundry room

Listing history 50 events

  1. 2026-09-24
    days on market $80,000 Active 167 DOM
  2. 2026-09-23
    pricedays on market $80,000 Active 166 DOM
  3. 2026-09-22
    days on market $115,000 Active 165 DOM
  4. 2026-09-21
    days on market $115,000 Active 164 DOM
  5. 2026-09-20
    days on market $115,000 Active 163 DOM
  6. 2026-09-19
    days on market $115,000 Active 162 DOM
  7. 2026-09-18
    days on market $115,000 Active 161 DOM
  8. 2026-09-17
    days on market $115,000 Active 160 DOM
  9. 2026-09-16
    days on market $115,000 Active 159 DOM
  10. 2026-09-15
    days on market $115,000 Active 158 DOM
  11. 2026-09-14
    days on market $115,000 Active 157 DOM
  12. 2026-09-13
    days on market $115,000 Active 156 DOM
  13. 2026-09-12
    days on market $115,000 Active 155 DOM
  14. 2026-09-11
    statusdays on market $115,000 Active 154 DOM
  15. 2026-09-05
    days on market $115,000 Contingent - Continue to Show 148 DOM
  16. 2026-09-04
    days on market $115,000 Contingent - Continue to Show 147 DOM
  17. 2026-09-02
    days on market $115,000 Contingent - Continue to Show 145 DOM
  18. 2026-08-31
    days on market $115,000 Contingent - Continue to Show 143 DOM
  19. 2026-08-29
    days on market $115,000 Contingent - Continue to Show 141 DOM
  20. 2026-08-28
    days on market $115,000 Contingent - Continue to Show 140 DOM
  21. 2026-08-27
    days on market $115,000 Contingent - Continue to Show 139 DOM
  22. 2026-08-25
    days on market $115,000 Contingent - Continue to Show 137 DOM
  23. 2026-08-24
    days on market $115,000 Contingent - Continue to Show 136 DOM
  24. 2026-08-23
    days on market $115,000 Contingent - Continue to Show 135 DOM
  25. 2026-08-22
    days on market $115,000 Contingent - Continue to Show 134 DOM
  26. 2026-08-21
    days on market $115,000 Contingent - Continue to Show 133 DOM
  27. 2026-08-20
    days on market $115,000 Contingent - Continue to Show 132 DOM
  28. 2026-08-19
    days on market $115,000 Contingent - Continue to Show 131 DOM
  29. 2026-08-18
    days on market $115,000 Contingent - Continue to Show 130 DOM
  30. 2026-08-17
    days on market $115,000 Contingent - Continue to Show 129 DOM
  31. 2026-08-16
    days on market $115,000 Contingent - Continue to Show 128 DOM
  32. 2026-08-15
    days on market $115,000 Contingent - Continue to Show 127 DOM
  33. 2026-08-14
    days on market $115,000 Contingent - Continue to Show 126 DOM
  34. 2026-08-13
    days on market $115,000 Contingent - Continue to Show 125 DOM
  35. 2026-08-12
    days on market $115,000 Contingent - Continue to Show 124 DOM
  36. 2026-08-11
    days on market $115,000 Contingent - Continue to Show 123 DOM
  37. 2026-08-10
    days on market $115,000 Contingent - Continue to Show 122 DOM
  38. 2026-08-09
    days on market $115,000 Contingent - Continue to Show 121 DOM
  39. 2026-08-08
    days on market $115,000 Contingent - Continue to Show 120 DOM
  40. 2026-08-06
    days on market $115,000 Contingent - Continue to Show 118 DOM
  41. 2026-08-05
    days on market $115,000 Contingent - Continue to Show 117 DOM
  42. 2026-08-04
    days on market $115,000 Contingent - Continue to Show 116 DOM
  43. 2026-08-03
    days on market $115,000 Contingent - Continue to Show 115 DOM
  44. 2026-07-31
    days on market $115,000 Contingent - Continue to Show 112 DOM
  45. 2026-07-30
    days on market $115,000 Contingent - Continue to Show 110 DOM
  46. 2026-07-28
    days on market $115,000 Contingent - Continue to Show 109 DOM
  47. 2026-07-26
    days on market $115,000 Contingent - Continue to Show 107 DOM
  48. 2026-07-24
    days on market $115,000 Contingent - Continue to Show 105 DOM
  49. 2026-07-23
    days on market $115,000 Contingent - Continue to Show 104 DOM
  50. 2026-07-22
    days on market $115,000 Contingent - Continue to Show 103 DOM

ⓘ 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 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 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$29,835
− Mortgage interest
−$4,481
− Property taxes
−$1,200
− Insurance
−$400
− Repairs & maintenance
−$2,387
− Management
−$2,387
− Depreciation
−$2,327
Taxable income
$16,653
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$3,997
After-tax cash flow
$12,939/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $35,525–$63,945 screening

This single-family home requires moderate rehabilitation, focusing on exterior siding and kitchen organization. Painted siding and a decluttered kitchen can significantly boost its resale and rental value.

Components & finishes AI

Roof asphalt shingle · good Flooring wood

Deferred maintenance Est. $40,000–$120,000 screening

  • Major Electrical panel (electrical) — Exposed wiring and panel indicates potential electrical issues
  • Major Exterior siding (exterior) — Signs of wear and tear on siding
  • Major Windows (windows) — Visible damage and potential drafts
  • Major Plumbing (plumbing) — Exposed pipes and potential leaks

Repairs flagged

  • Moderate Exterior siding — Weathered and needs repainting
  • Minor Kitchen clutter — Cluttered with items on countertops and floor

Value-add opportunities

  • Both Paint exterior siding — Enhances curb appeal and value
  • Both Clean and organize kitchen — Improves functionality and aesthetics

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 9/100

Zoned Schools

Elementary Markham Park Elem School F IL #1,517/2,056 Nat'l #39,071/41,679 Middle Prairie-Hills Junior High School F IL #605/665 Nat'l #13,547/14,009 High Bremen High School F IL #577/693 Nat'l #16,586/17,239

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
B Composite livability gradescore 76/100

Livability — Markham

Score
76/100
State rank
#186
US rank
#3539

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Markham, IL
County
Cook · 5,347,519 people
City population
10,980
Metro
Chicago-Naperville-Elgin, IL-IN
Population (ZIP)
10,980
Household income
$53,059
Rent vs Own
26.7% rent · 73.3% own
Severe rent burden
32% of renters

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 (69%)
Race & ethnicity
Black 69% Hispanic / Latino 17% White 11% Two or more races 4%
Hispanic origin (detail)
Mexican 16%
Common ancestry
Romanian 1% Lithuanian 1% Iranian 1%
Foreign-born
8% · Canada
Languages at home
86% English-only · Spanish 14%

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

Price history

2 events — show timeline
  • 2026-04-28 Contingent MRED as Distributed by MLS Grid
  • 2026-04-10 Listed $115,000 MRED as Distributed by MLS Grid

Property tax history

+8.8%/yr

Latest (2023): $4,641 · +1553.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…