8608 W 144th Pl · Orland Park, IL 60462

$350,000

3 bd · 1.5 ba · 1,344 sqft · SingleFamily public records · 18 Days on market

Built 1965 10,454 sqft lot Est $380k · 8% under

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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 +14.1/30.0
• ARV discount +11.1/15.0
• DSCR +4.3/10.0
• Livability +4.2/5.0
• Schools +3.4/10.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity knocks! This Well cared for red brick ranch home by the original owner has been updated throughout the years. When you walk into this home you will love the spacious openness. Owner says there is hardwood floors under the carpet in the living and dining rooms. The kitchen has a handy peninsula. The cabinets are 42" raised panel oak and in good condition. The bedrooms have hardwood flooring. Updates include: the shower, newer vanity. You'll appreciate there is NO Wallpaper. Recent updates include: New tear off roof, gutters and downspouts installed in 2025. Updated windows. The basement has a finished rec room. Close to everything. A mile to Scheussler Park featuring playg

Key facts

• Finished rec room
• Handy peninsula
• Red brick ranch

Tags

• RED BRICK RANCH
• HARDWOOD FLOORS
• HANDY PENINSULA
• 42 RAISED PANEL OAK CABINETS
• FINISHED REC ROOM
• NEW TEAR OFF ROOF

Property features AI

Finance

• Other: Lot dimensions approximately 80 x 125 x 79 x 126 (less than 0.25 acre); Living area reported from plans
• HOA & community: No master association fee required; Community features include a park

Exterior

• Parking: Attached garage with two spaces; Concrete driveway; Garage door opener; Owned garage
• Utilities: Lake Michigan water supply; Public sewer; 150 amp electrical service
• Home design: Detached single-family ranch; One-story (ranch) entry; Designed for disability access; Located in Maycliff subdivision, Orland Park
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built approximately 61–70 years ago; Property built before 1978
• Exterior features: Patio; School bus service; Sidewalks, street lights, and paved streets

Interior

• Kitchen: Updated kitchen with island; Ceramic tile flooring; Range; Microwave; Dishwasher; Refrigerator
• Bedrooms: Master bedroom on main level (14 x 10) with hardwood flooring; Bedroom on main level (11 x 11) with hardwood flooring; Bedroom on main level (11 x 12) with hardwood flooring
• Flooring: Hardwood flooring in main bedrooms; Carpet in dining, living and basement family room; Ceramic tile in kitchen; Other flooring in laundry
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: First-floor bedroom; First-floor full bathroom; Seven rooms total; Partially finished full basement; Ceiling fans; Gas water heater; Humidifier; All windows have window treatments
• Laundry & utility: Basement laundry room (15 x 14) with sink; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $49 ($585/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $281k (19.7% below list).
• Recommended offer: $281k (19.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.3% in Orland Park — 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 85/100 on livability (#29 in IL, #529 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+.
• Cons Hsd 230 (suburban): math 35% / reading 39% proficiency, ranked #146 of 620 in IL (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Carl Sandburg High School (math 41% / reading 45%, grade F, #72 of 693 statewide, top 10%, 2,894 students, 0% FRL).
• Market conditions: Rents soft (-0.2%/yr); 106 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 35% of the median local income ($97k/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 $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($345k) is reasonable based on typical stale-listing flexibility.

Recommended offer $281,096 (19.7% below list)

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.80% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.60%
• DSCR: 1.03
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $380,352
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8556 W 144th Pl	0.03mi	3/2.0	1,344 (0%)	12mo	$360,000	$268	87
8648 W 145th St	0.10mi	3/1.5	1,283 (-4%)	6mo	$385,000	$300	83
8657 W 145th Pl	0.17mi	3/2.0	1,356 (+1%)	14mo	$370,000	$273	77
8600 W 144th St	0.06mi	3/2.0	1,500 (+12%)	13mo	$335,000	$223	65
14215 Timothy Dr	0.53mi	3/2.0	1,425 (+6%)	2mo	$410,000	$288	61
14216 Clearview Dr	0.51mi	3/2.0	1,407 (+5%)	8mo	$390,000	$277	60
8818 Fairway Dr	0.41mi	3/2.0	1,200 (-11%)	4mo	$364,900	$304	58
8834 Lori Ln	0.44mi	4/2.0 (+1)	1,412 (+5%)	14mo	$405,000	$287	52
9104 Fairway Dr	0.70mi	3/2.0	1,437 (+7%)	7mo	$310,000	$216	48
9053 Poplar Rd	0.64mi	3/1.5	1,210 (-10%)	7mo	$344,000	$284	48
8207 W 141st St St	0.62mi	3/2.0	1,444 (+7%)	14mo	$409,000	$283	45
9116 Fairway Dr	0.73mi	4/2.0 (+1)	1,500 (+12%)	6mo	$315,000	$210	35

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -18.5%
• Equity multiple: 0.37×
• Total profit: $-61,958
• Equity at exit: $52,186

10-year hold

• IRR: -17.4%
• Equity multiple: 0.16×
• Total profit: $-82,234
• Equity at exit: $30,262

Cash invested: $98,000 (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 60462

• Rents YoY: -0.2%
• Active inventory: 106
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,811 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$191 /mo · $2,288/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$590
• Net cashflow: $49

Break-even live

Break-even rent $2,749

Max offer price $350,000

Occupancy floor 93%

Sensitivity live

Price	-10% $247	-5% $148	+0% $49	+5% $-50	+10% $-149
Rent	-10% $-173	-5% $-62	+0% $49	+5% $160	+10% $271
Rate	-1.0pp $225	-0.5pp $138	base $49	+0.5pp $-42	+1.0pp $-134

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9510 140th St Orland Park, IL	1.0–3.0	1.0–2.5	1364	$3,881	$2.85	0d	5	1.21mi
14455 Jefferson Ave Unit 1E Orland Park, IL	3.0	2.0	1400	$2,400	$1.71	19d	1	1.28mi
15502 Orlan Brook Dr #222 Orland Park, IL	2.0	2.0	1069	$2,500	$2.34	8d	1	1.43mi
15502 Orlan Brook Dr #222 Orland Park, IL	2.0	2.0	1069	$2,700	$2.53	25d	1	1.43mi

Listing history 8 events

1. 2026-06-07
   statusdays on market $350,000 Pending 18 DOM
2. 2026-06-04
   days on market $350,000 Contingent - No Showings 17 DOM
3. 2026-06-03
   days on market $350,000 Contingent - No Showings 16 DOM
4. 2026-06-02
   days on market $350,000 Contingent - No Showings 15 DOM
5. 2026-06-01
   days on market $350,000 Contingent - No Showings 14 DOM
6. 2026-05-31
   days on market $350,000 Contingent - No Showings 13 DOM
7. 2026-05-23
   historical Contingent - No Showings
8. 2026-05-18
   listed $350,000 Active

ⓘ 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: $2,288 · $191/mo
• Projected year-2 tax: $5,116 · $426/mo
• Expected delta: +$2,829/yr (+$236/mo · 123.6%)

ⓘ 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 ≥101°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: $33,732
• − Mortgage interest: −$19,605
• − Property taxes: −$2,288
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,699
• − Management: −$2,699
• − Depreciation: −$10,182
• Taxable loss: −$5,491
• Est. tax savings @ 24.0%: +$1,318
• After-tax cash flow: $1,903/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: Cons Hsd 230
• NCES district ID: 1708400
• Math proficiency: 35% ▼ -8.00%
• Reading proficiency: 39% ▼ -6.00%
• Median HH income: $73,953
• Composite: 34.29/100
• National rank: #5244
• State rank: #146 of 620 in IL

Livability — Orland Park

• Score: 85/100
• State rank: #29
• US rank: #529

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Orland Park, IL
• County: Cook County · 4,486,803 people
• City population: 41,456
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 41,456
• Household income: $96,526
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 668.0

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 White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 12% Two or more races 8% Asian 6% Black 3%
• Hispanic origin (detail): Mexican 7% Cuban 2%
• Common ancestry: Romanian 17% Armenian 2% Iranian 2%
• Foreign-born: 16% · Canada, South Korea
• Languages at home: 73% English-only · Spanish 7% Arabic 7% Russian/Polish/Slavic 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: ▼ -198.71%
• Current HPI: 203.5329
• Rent YoY: ▼ -0.17%
• 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

2 events — show timeline

• 2026-05-23 Contingent — MRED as Distributed by MLS Grid
• 2026-05-18 Listed $350,000 MRED as Distributed by MLS Grid

Property tax history

-1.0%/yr

Latest (2023): $2,288 · -19.0% YoY. Source: county tax records.