339 Shabbona Dr · Park Forest, IL 60466

$140,000

2 bd · 1.0 ba · 949 sqft · SingleFamily public records · 288 Days on market

Built 1952 6,468 sqft lot Est $135k · at est.

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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 +27.7/30.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• ARV discount +5.7/15.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Hello Beautiful! The current owners have kept this home move-in ready for you! Remodeled in 2019 with new kitchen cabinets, appliances, quartz countertops, luxury vinyl flooring, privacy fence in backyard. Roof (2015), Deck (2021), Firepit (2019), Vinyl siding & stone (2015). Landscaped with perennials. 2.5 car garage setup & ready for a heater. Fully fenced backyard, beautiful new deck & firepit and enclosed dog run with turf. FHA & VA buyers are Welcome!

Key facts

• 6,468 sq ft lot
• 2 garage spots
• Built 1952

Property features AI

Finance

• Other: Living area per assessor; Parcel number on file
• HOA & community: No master association fee required; Sidewalks in the community

Exterior

• Parking: Detached garage with concrete driveway; Two parking spaces (2 garage spaces, 2 total)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Rehab completed in 2019; Built before 1978 (rehab since); Age: about 71–80 years
• Construction: Vinyl siding with stone accents; Concrete perimeter foundation
• Exterior features: Deck; Fire pit; Fenced yard; Lot dimensions approximately 66 x 98

Interior

• Kitchen: Kitchen on main level; Vinyl flooring in kitchen
• Bedrooms: Two bedrooms (main level); Master bedroom on main level
• Flooring: Vinyl flooring in living room and kitchen
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Four total rooms
• Laundry & utility: Main-level laundry room (12 x 9)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $423 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 78/100 on livability (#148 in IL, #2,726 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, amenities F.
• Rich Twp Hsd 227 (suburban): math 5% / reading 12% proficiency, ranked #577 of 620 in IL (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 102 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 34% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 288 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y 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.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 288 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.26% ✓
• Cap rate: 9.92%
• Cash-on-cash: 12.96%
• DSCR: 1.58
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $134,758
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
316 Mohawk St	0.17mi	2/1.0	949 (0%)	2mo	$141,000	$149	90
318 Minocqua St	0.23mi	2/1.0	974 (+3%)	1mo	$145,000	$149	84
254 Blackhawk Dr	0.12mi	2/1.0	1,000 (+5%)	2mo	$105,000	$105	84
314 Seminole St	0.33mi	2/1.0	949 (0%)	1mo	$135,000	$142	84
353 Miami St	0.33mi	2/1.0	949 (0%)	4mo	$112,000	$118	82
209 Miami St	0.33mi	2/1.0	974 (+3%)	1mo	$108,000	$111	80
354 Marquette St	0.37mi	2/1.0	973 (+2%)	2mo	$131,000	$135	77
136 Peach St	0.59mi	2/1.0	974 (+3%)	3mo	$163,000	$167	66
314 Windsor St	0.43mi	3/1.0 (+1)	1,014 (+7%)	2mo	$141,000	$139	61
310 Nassau St	0.70mi	3/1.0 (+1)	953 (+0%)	1mo	$129,000	$135	61
208 Miami St	0.33mi	3/1.5 (+1)	1,053 (+11%)	2mo	$175,000	$166	58
429 Natoma St	0.59mi	3/1.0 (+1)	1,035 (+9%)	0mo	$159,000	$154	52

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: 2.9%
• Equity multiple: 1.11×
• Total profit: $4,310
• Equity at exit: $20,874

10-year hold

• IRR: 12.4%
• Equity multiple: 1.98×
• Total profit: $38,589
• Equity at exit: $12,105

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 60466

• Home prices YoY: -21.1%
• Active inventory: 102
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,761 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,100/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $423

Break-even live

Break-even rent $1,225

Max offer price $140,000

Occupancy floor 71%

Sensitivity live

Price	-10% $520	-5% $472	+0% $423	+5% $375	+10% $327
Rent	-10% $284	-5% $354	+0% $423	+5% $493	+10% $563
Rate	-1.0pp $494	-0.5pp $459	base $423	+0.5pp $387	+1.0pp $350

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 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
411 Huron St Park Forest, IL	3.0	1.0	1092	$2,300	$2.11	25d	1	0.38mi
277 Somonauk St Park Forest, IL	3.0	1.0	966	$2,000	$2.07	3d	1	0.43mi
194 Monee Rd Park Forest, IL	3.0	1.0	1092	$1,971	$1.80	22d	1	0.82mi
235 Tampa St Park Forest, IL	3.0	1.0	1092	$2,000	$1.83	25d	1	0.83mi
3905 Tower Dr Richton Park, IL	1.0–2.0	1.0–2.0	905	$1,795	$1.98	1d	19	0.98mi
4014 Euclid Ln Richton Park, IL	2.0	1.0	1100	$2,100	$1.91	22d	1	1.08mi
4014 Euclid Ln Richton Park, IL	2.0	1.0	1100	$2,100	$1.91	7d	1	1.08mi
4014 Euclid Ln Richton Park, IL	3.0	1.0	1100	$2,100	$1.91	13d	1	1.08mi
22501 Butterfield Rd Unit 22411-506 Richton Park, IL	2.0	1.0	882	$1,325	$1.50	7d	1	1.15mi
22501 Butterfield Rd Unit 22407-202 Richton Park, IL	1.0	1.0	667	$1,210	$1.81	7d	1	1.15mi
22501 Butterfield Rd Unit 22411-304 Richton Park, IL	1.0	1.0	688	$1,215	$1.77	7d	1	1.15mi
22501 Butterfield Rd Unit 22419-109 Richton Park, IL	2.0	1.0	798	$1,310	$1.64	7d	1	1.15mi
22501 Butterfield Rd Unit 22400-311 Richton Park, IL	2.0	1.0	882	$1,360	$1.54	7d	1	1.15mi
22501 Butterfield Rd Unit 22411-514 Richton Park, IL	2.0	1.5	1021	$1,365	$1.34	7d	1	1.15mi
22501 Butterfield Rd Unit 22415-207 Richton Park, IL	2.0	1.5	944	$1,360	$1.44	7d	1	1.15mi
22501 Butterfield Rd Unit 22407-104 Richton Park, IL	1.0	1.0	621	$1,195	$1.92	7d	1	1.15mi
3484 Western Ave Unit 3484-B Park Forest, IL	1.0	1.0	600	$1,300	$2.17	1d	1	1.16mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,680	$1.64	1d	11	1.23mi
23439 Western Ave Unit K12 Park Forest, IL	1.0	1.0	800	$1,415	$1.77	1d	1	1.44mi
23439 Western Ave Unit C29 Park Forest, IL	2.0	2.0	975	$1,570	$1.61	1d	1	1.44mi

Listing history 36 events

1. 2026-06-18
   days on market $140,000 Active 288 DOM
2. 2026-06-17
   days on market $140,000 Active 287 DOM
3. 2026-06-16
   days on market $140,000 Active 286 DOM
4. 2026-06-15
   days on market $140,000 Active 285 DOM
5. 2026-06-13
   days on market $140,000 Active 283 DOM
6. 2026-06-09
   days on market $140,000 Active 279 DOM
7. 2026-06-08
   days on market $140,000 Active 278 DOM
8. 2026-06-07
   days on market $140,000 Active 277 DOM
9. 2026-06-04
   days on market $140,000 Active 274 DOM
10. 2026-06-03
    days on market $140,000 Active 273 DOM
11. 2026-06-02
    days on market $140,000 Active 272 DOM
12. 2026-06-01
    days on market $140,000 Active 271 DOM
13. 2026-05-31
    days on market $140,000 Active 270 DOM
14. 2025-09-03
    listed $140,000 Active
15. 2023-01-20
    soldstatus $155,000
16. 2022-11-23
    soldstatus $155,000 Closed 476-char remark

    Show marketing remark (476 chars)

    Hello Beautiful! The current owners have kept this home move-in ready for you! Remodeled in 2019 with new kitchen cabinets, appliances, quartz countertops, luxury vinyl flooring, privacy fence in backyard. Roof (2015), Deck (2021), Firepit (2019), Vinyl siding & stone (2015). Landscaped with perennials. 2.5 car garage setup & ready for a heater. Fully fenced backyard, beautiful new deck & firepit and enclosed dog run with turf. FHA & VA buyers are Welcome!

17. 2022-10-13
    historical Contingent - No Showings 476-char remark

    Show marketing remark (476 chars)

    Hello Beautiful! The current owners have kept this home move-in ready for you! Remodeled in 2019 with new kitchen cabinets, appliances, quartz countertops, luxury vinyl flooring, privacy fence in backyard. Roof (2015), Deck (2021), Firepit (2019), Vinyl siding & stone (2015). Landscaped with perennials. 2.5 car garage setup & ready for a heater. Fully fenced backyard, beautiful new deck & firepit and enclosed dog run with turf. FHA & VA buyers are Welcome!

18. 2022-10-09
    listed $149,900 Active 476-char remark

    Show marketing remark (476 chars)

    Hello Beautiful! The current owners have kept this home move-in ready for you! Remodeled in 2019 with new kitchen cabinets, appliances, quartz countertops, luxury vinyl flooring, privacy fence in backyard. Roof (2015), Deck (2021), Firepit (2019), Vinyl siding & stone (2015). Landscaped with perennials. 2.5 car garage setup & ready for a heater. Fully fenced backyard, beautiful new deck & firepit and enclosed dog run with turf. FHA & VA buyers are Welcome!

19. 2015-10-05
    soldstatus $48,500
20. 2015-09-23
    soldstatus $48,500 Closed Sale 375-char remark

    Show marketing remark (375 chars)

    Seller in process of total rehab!! Absolutely beautiful!!! Brand new stone exterior, with new vinyl siding, roof, gutters and downspout. Brand new cherry hardwood and new slate flooring. Updated kitchen with granite and ceramic bath with marble, Stunning!!! New ceiling fans, doors, electric, plumbing. Brand new furnace and water heater!! What more can you ask for? Hurry!!!

21. 2015-08-27
    historical Contingent 375-char remark

    Show marketing remark (375 chars)

    Seller in process of total rehab!! Absolutely beautiful!!! Brand new stone exterior, with new vinyl siding, roof, gutters and downspout. Brand new cherry hardwood and new slate flooring. Updated kitchen with granite and ceramic bath with marble, Stunning!!! New ceiling fans, doors, electric, plumbing. Brand new furnace and water heater!! What more can you ask for? Hurry!!!

22. 2015-08-27
    status Reactivated 375-char remark

    Show marketing remark (375 chars)

    Seller in process of total rehab!! Absolutely beautiful!!! Brand new stone exterior, with new vinyl siding, roof, gutters and downspout. Brand new cherry hardwood and new slate flooring. Updated kitchen with granite and ceramic bath with marble, Stunning!!! New ceiling fans, doors, electric, plumbing. Brand new furnace and water heater!! What more can you ask for? Hurry!!!

23. 2015-07-01
    historical Contingent 375-char remark

    Show marketing remark (375 chars)

    Seller in process of total rehab!! Absolutely beautiful!!! Brand new stone exterior, with new vinyl siding, roof, gutters and downspout. Brand new cherry hardwood and new slate flooring. Updated kitchen with granite and ceramic bath with marble, Stunning!!! New ceiling fans, doors, electric, plumbing. Brand new furnace and water heater!! What more can you ask for? Hurry!!!

24. 2015-06-02
    listed $56,000 New 375-char remark

    Show marketing remark (375 chars)

    Seller in process of total rehab!! Absolutely beautiful!!! Brand new stone exterior, with new vinyl siding, roof, gutters and downspout. Brand new cherry hardwood and new slate flooring. Updated kitchen with granite and ceramic bath with marble, Stunning!!! New ceiling fans, doors, electric, plumbing. Brand new furnace and water heater!! What more can you ask for? Hurry!!!

25. 2015-03-30
    soldstatus $15,000 Closed Sale
26. 2015-01-28
    status Pending
27. 2014-12-16
    historical
28. 2014-11-25
    price $22,900
29. 2014-10-21
    price $24,900
30. 2014-09-19
    listed $27,500 New
31. 2007-12-21
    historical
32. 2007-09-24
    listed
33. 2007-09-24
    historical
34. 2007-06-21
    listed
35. 1994-06-30
    soldstatus $69,000
36. 1993-09-03
    soldstatus $57,000

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,129
• − Mortgage interest: −$7,842
• − Property taxes: −$2,100
• − Insurance: −$700
• − Repairs & maintenance: −$1,690
• − Management: −$1,690
• − Depreciation: −$4,073
• Taxable income: $3,033
• Est. tax owed @ 24.0%: −$728
• After-tax cash flow: $4,353/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: Rich Twp Hsd 227
• NCES district ID: 1733420
• Math proficiency: 5% ▼ -3.00%
• Reading proficiency: 12% ▬ 0.00%
• Median HH income: $56,056
• Composite: 8.93/100
• National rank: #9885
• State rank: #577 of 620 in IL

Livability — Park Forest

• Score: 78/100
• State rank: #148
• US rank: #2726

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Park Forest, IL
• County: Cook County · 4,486,803 people
• City population: 21,461
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 21,461
• Household income: $61,654
• Rent vs Own: 33.7% rent · 66.3% own
• Severe rent burden: 900.0

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% White 19% Hispanic / Latino 9% Two or more races 3% Native American 1%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 2% Iranian 1% Italian 1%
• Foreign-born: 6% · Canada
• Languages at home: 90% English-only · Spanish 7% French/Haitian/Cajun 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: ▼ -58.87%
• Current HPI: 219.9692
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• 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

+145.6% since first listed

23 events — show timeline

• 2025-09-03 Listed $140,000 MRED as Distributed by MLS Grid
• 2023-01-20 Sold (Public Records) $155,000 Public Records
• 2022-11-23 Sold (MLS) $155,000 MRED as Distributed by MLS Grid
• 2022-10-13 Contingent — MRED as Distributed by MLS Grid
• 2022-10-09 Listed $149,900 MRED as Distributed by MLS Grid
• 2015-10-05 Sold (Public Records) $48,500 Public Records
• 2015-09-23 Sold (MLS) $48,500 MRED as Distributed by MLS Grid
• 2015-08-27 Contingent — MRED as Distributed by MLS Grid
• 2015-08-27 Relisted — MRED as Distributed by MLS Grid
• 2015-07-01 Contingent — MRED as Distributed by MLS Grid
• 2015-06-02 Listed $56,000 MRED as Distributed by MLS Grid
• 2015-03-30 Sold (MLS) $15,000 MRED as Distributed by MLS Grid
• 2015-01-28 Pending — MRED as Distributed by MLS Grid
• 2014-12-16 Listing Removed — MRED as Distributed by MLS Grid
• 2014-11-25 Price Changed $22,900 MRED as Distributed by MLS Grid
• 2014-10-21 Price Changed $24,900 MRED as Distributed by MLS Grid
• 2014-09-19 Listed $27,500 MRED as Distributed by MLS Grid
• 2007-12-21 Listing Removed — MRED as Distributed by MLS Grid
• 2007-09-24 Listing Removed — MRED as Distributed by MLS Grid
• 2007-09-24 Listed — MRED as Distributed by MLS Grid
• 2007-06-21 Listed — MRED as Distributed by MLS Grid
• 1994-06-30 Sold (Public Records) $69,000 Public Records
• 1993-09-03 Sold (Public Records) $57,000 Public Records

Property tax history

+7.9%/yr

Latest (2023): $8,784 · +38872.5% YoY. Source: county tax records.