16551 Plymouth Dr · Markham, IL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $804 – $1,492
Heat risk 3/10 · Minor
- Hot days now (above 102°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A 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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Appreciation +10.0/10.0
- Livability +3.8/5.0
- Condition / age +3.8/5.0
- Rent growth +2.5/5.0
- Schools +1.1/10.0
$134,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
PRICE REDUCED!Current taxes reflect no exemptions, giving owner-occupants the opportunity of reduced taxes! Swing by this cozy move-in ready ranch with no stairs, perfect for anyone seeking true one-level living. This updated 3-bedroom, 1-bath home features a bright modern kitchen and a refreshed bathroom bringing comfort and style from day one. The huge yard has endless potential, perfect for this upcoming summer and large enough to build a garage or design your ideal outdoor space. The side driveway fits two cars easily. . A clean, well-maintained home with great possibilities-don't miss out!
Key facts
- Freshly painted
- Large yard
- Eat-in kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $135k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $896 ($11k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $135k).
- Recommended offer: $133k (1.5% below list) — sets the bar for market timing.
- Cap rate 14.3% 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: Fieldcrest Elem School (math 17% / reading 22%, grade F, #1,054 of 2,056 statewide, top 54%, 207 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: 93 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 54d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 $2,315/mo this rent would consume 52% 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 $14k of equity ($933 loan paydown + $13k appreciation (10.0% local appreciation)).
- At projected returns (10.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~2 years — after that, you're playing with house money.
- By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 21 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Questions for the listing agent
- Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.72% ✓
- Cap rate
- 14.27%
- Cash-on-cash
- 28.47%
- DSCR
- 2.27
- GRM
- 4.9
CMA / ARV
- ARV (median comp)
- $162,540
- List price
- $134,900
- Delta
- -17.01%
- 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 |
|---|---|---|---|---|---|---|---|
| 16549 California Ave | 0.06mi | 3/1.0 (+1) | 1,051 (+5%) | 3mo | $150,000 | $143 | 81 |
| 16607 California Ave | 0.08mi | 3/1.0 (+1) | 1,051 (+5%) | 3mo | $155,000 | $147 | 80 |
| 16358 Plymouth Dr | 0.23mi | 3/1.0 (+1) | 993 (-1%) | 5mo | $138,999 | $140 | 79 |
| 16600 Oxford Dr | 0.05mi | 3/1.0 (+1) | 1,068 (+7%) | 3mo | $170,000 | $159 | 79 |
| 16309 Plymouth Dr | 0.33mi | 3/1.0 (+1) | 1,051 (+5%) | 5mo | $170,000 | $162 | 67 |
| 2859 Stafford Dr | 0.40mi | 3/1.0 (+1) | 1,084 (+8%) | 2mo | $154,900 | $143 | 61 |
| 3014 W 163rd St | 0.50mi | 3/1.0 (+1) | 1,053 (+5%) | 2mo | $120,000 | $114 | 61 |
| 3114 W 163rd St | 0.60mi | 3/1.0 (+1) | 1,033 (+3%) | 2mo | $160,000 | $155 | 60 |
| 2926 Sussex Ave | 0.64mi | 3/1.0 (+1) | 1,048 (+5%) | 5mo | $129,900 | $124 | 53 |
| 16032 Circle Dr | 0.66mi | 3/1.0 (+1) | 1,075 (+8%) | 2mo | $158,000 | $147 | 50 |
| 16155 Kedzie Pkwy | 0.74mi | 3/1.0 (+1) | 1,048 (+5%) | 4mo | $215,000 | $205 | 49 |
| 16727 Head Ave | 0.72mi | 3/1.5 (+1) | 1,150 (+15%) | 4mo | $157,000 | $137 | 31 |
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
- IRR
- 45.9%
- Equity multiple
- 4.46×
- Total profit
- $130,590
- Equity at exit
- $121,529
- IRR
- 39.8%
- Equity multiple
- 9.99×
- Total profit
- $339,745
- Equity at exit
- $262,081
Cash invested: $37,772 (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
Active competition Active MLS
- For sale now
- 25 active · 28 under contract
- Months of supply
- 5.2 mo (19%/mo absorbed)
- Median asking
- $155,000 ($150/sqft)
- Median days on market
- 42 d
- This list price
- 36% of active listings are priced below it
- ARV vs active asking
- +8.4% 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
- 4.9×
Monthly cashflow live
- Estimated rent
- $2,315 high interval (Pro) →
- Mortgage (P&I)
- −$707
- Tax est. 1.5%
- −$169 /mo · $2,024/yr
- Insurance
- −$56
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$486
- Net cashflow
- $896
Break-even live
Sensitivity live
| Price | -10% $990 | -5% $943 | +0% $896 | +5% $850 | +10% $803 |
|---|---|---|---|---|---|
| Rent | -10% $713 | -5% $805 | +0% $896 | +5% $988 | +10% $1,079 |
| Rate | -1.0pp $964 | -0.5pp $931 | base $896 | +0.5pp $861 | +1.0pp $826 |
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
- $33,725
- Closing costs
- $4,047
- Club membership (one-time)
- —
- 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 12 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 16752 Artesian Ave Hazel Crest, IL | 3.0 | 1.0 | 867 | $2,200 | $2.54 | 51d | 1 | 0.43mi |
| 16775 Artesian Ave Hazel Crest, IL | 3.0 | 1.0 | 867 | $2,150 | $2.48 | 0d | 1 | 0.47mi |
| 16751 Crane Ave Hazel Crest, IL | 3.0 | 1.0 | 1200 | $1,800 | $1.50 | 84d | 1 | 0.66mi |
| 2308 170th St Hazel Crest, IL | 3.0 | 2.0 | 1020 | $2,400 | $2.35 | 0d | 1 | 0.75mi |
| 2173 171st St Hazel Crest, IL | 3.0 | 1.5 | 1159 | $2,350 | $2.03 | 54d | 1 | 0.98mi |
| 2107 171st St Unit 2107 Hazel Crest, IL | 3.0 | 1.5 | 1158 | $2,300 | $1.99 | 24d | 1 | 1.05mi |
| 15711 Whipple Ave Markham, IL | 3.0 | 1.0 | 920 | $3,025 | $3.29 | 9d | 1 | 1.11mi |
| 2722 Larkspur Ln Hazel Crest, IL | 3.0 | 1.5 | 1441 | $2,650 | $1.84 | 108d | 1 | 1.30mi |
| 16340 Ashland Ave Markham, IL | 3.0 | 1.0 | 956 | $2,500 | $2.62 | 6d | 1 | 1.41mi |
| 17561 Hillside Ave Homewood, IL | 3.0 | 1.0 | 1174 | $2,300 | $1.96 | 57d | 1 | 1.44mi |
| 17561 Hillside Ave Homewood, IL | 3.0 | 1.0 | 1174 | $2,500 | $2.13 | 112d | 1 | 1.44mi |
| 16125 Marshfield Ave Markham, IL | 3.0 | 1.0 | 1043 | $2,400 | $2.30 | 93d | 1 | 1.45mi |
Property features AI
Finance
- Other
- Property is not currently leasedPossession at closingSchool bus service and commuter bus access; close to interstate access
- HOA & community
- No master association fee requiredCommunity features include curbs, sidewalks, street lights and paved streets
Exterior
- Parking
- Two parking spaces totalAsphalt driveway and off-street parking (owned)
- Utilities
- Public waterPublic sewerElectric with circuit breakers
- Home design
- Detached single-family homeOne-storyFee simple ownershipBuilt before 1978
- Construction
- Vinyl siding and brick exteriorAsphalt roofConcrete perimeter foundationEstimated age: 61–70 years
- Exterior features
- Fenced yard with chain-link fencingCurb, sidewalk, street lights, and paved street accessLot dimensions approximately 59 x 150
Interior
- Kitchen
- Galley kitchen with eating area (9 x 15)Granite countersRange, microwave, dishwasher, refrigerator
- Bedrooms
- Master bedroom on main level (14 x 12) with laminate flooringBedroom on main level (13 x 12) with laminate flooringBedroom on main level (12 x 12) with laminate flooring
- Flooring
- Laminate (wood laminate) throughout main living areas and bedrooms
- Bathrooms
- One full bathroom on main level
- Heating & cooling
- Natural gas forced-air heating
- Interior features
- First-floor bedroomFirst-floor full bathroomGranite countersScreens and drapes on windowsTotal of 5 rooms
- Laundry & utility
- Main-level laundry in-unit with laundry closet (7 x 7)
Listing history 50 events
-
2026-09-24days on market $134,900 Active 21 DOM
-
2026-09-23days on market $134,900 Active 20 DOM
-
2026-09-22days on market $134,900 Active 19 DOM
-
2026-09-21days on market $134,900 Active 18 DOM
-
2026-09-20days on market $134,900 Active 17 DOM
-
2026-09-19days on market $134,900 Active 16 DOM
-
2026-09-18days on market $134,900 Active 15 DOM
-
2026-09-17days on market $134,900 Active 14 DOM
-
2026-09-16days on market $134,900 Active 13 DOM
-
2026-09-15days on market $134,900 Active 12 DOM
-
2026-09-14days on market $134,900 Active 11 DOM
-
2026-09-13days on market $134,900 Active 10 DOM
-
2026-09-12days on market $134,900 Active 9 DOM
-
2026-09-11days on market $134,900 Active 8 DOM
-
2026-09-05days on market $134,900 Active 2 DOM
-
2026-09-04statusdays on market $134,900 Active 1 DOM
-
2026-09-02days on market $134,900 Contingent - No Showings 53 DOM
-
2026-08-31days on market $134,900 Contingent - No Showings 51 DOM
-
2026-08-29days on market $134,900 Contingent - No Showings 49 DOM
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2026-08-28days on market $134,900 Contingent - No Showings 48 DOM
-
2026-08-27days on market $134,900 Contingent - No Showings 47 DOM
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2026-08-25days on market $134,900 Contingent - No Showings 45 DOM
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2026-08-24days on market $134,900 Contingent - No Showings 44 DOM
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2026-08-23days on market $134,900 Contingent - No Showings 43 DOM
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2026-08-22days on market $134,900 Contingent - No Showings 42 DOM
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2026-08-21days on market $134,900 Contingent - No Showings 41 DOM
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2026-08-20days on market $134,900 Contingent - No Showings 40 DOM
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2026-08-19days on market $134,900 Contingent - No Showings 39 DOM
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2026-08-18days on market $134,900 Contingent - No Showings 38 DOM
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2026-08-17days on market $134,900 Contingent - No Showings 37 DOM
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2026-08-16days on market $134,900 Contingent - No Showings 36 DOM
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2026-08-15days on market $134,900 Contingent - No Showings 35 DOM
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2026-08-14days on market $134,900 Contingent - No Showings 34 DOM
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2026-08-13days on market $134,900 Contingent - No Showings 33 DOM
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2026-08-12days on market $134,900 Contingent - No Showings 32 DOM
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2026-08-11days on market $134,900 Contingent - No Showings 31 DOM
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2026-08-10status $134,900 Contingent - No Showings 30 DOM
-
2026-08-10days on market $134,900 Active 30 DOM
-
2026-08-09days on market $134,900 Active 29 DOM
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2026-08-08days on market $134,900 Active 28 DOM
-
2026-08-06days on market $134,900 Active 26 DOM
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2026-08-05days on market $134,900 Active 25 DOM
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2026-08-04days on market $134,900 Active 24 DOM
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2026-08-03days on market $134,900 Active 23 DOM
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2026-07-31pricedays on market $134,900 Active 20 DOM
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2026-07-30days on market $139,900 Active 18 DOM
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2026-07-28days on market $139,900 Active 17 DOM
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2026-07-26days on market $139,900 Active 15 DOM
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2026-07-24days on market $139,900 Active 13 DOM
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2026-07-23days on market $139,900 Active 12 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 ≥102°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
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $27,776
- − Mortgage interest
- −$7,556
- − Property taxes
- −$2,024
- − Insurance
- −$674
- − Repairs & maintenance
- −$2,222
- − Management
- −$2,222
- − Depreciation
- −$3,924
- Taxable income
- $9,153
- Est. tax owed @ 24.0%
- −$2,197
- After-tax cash flow
- $8,559/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 · 2 photos
This move-in ready ranch home is in good condition with no visible repairs needed. It offers a good ROI with potential for cosmetic upgrades to enhance its curb appeal and value.
Components & finishes AI
Deferred maintenance Est. $2,500–$10,000 screening
- Minor Roof (roof) — No visible signs of damage or wear on the roof.
- Minor Windows (windows) — No visible signs of damage or wear on the windows.
- Minor Electrical (electrical) — No visible signs of damage or wear on the electrical components.
- Minor Plumbing (plumbing) — No visible signs of damage or wear on the plumbing.
- Minor Exterior (exterior) — No visible signs of damage or wear on the exterior.
Value-add opportunities
- Both Painting the exterior — Enhances curb appeal and value ↑
- Both Landscaping improvements — Enhances curb appeal and value ↑
- Both New roof inspection — Ensures structural integrity and longevity ↑
ⓘ Rehab cost is a screening estimate — Cosmetic 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.
Zoned Schools
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 — Markham
- Score
- 76/100
- State rank
- #186
- US rank
- #3539
Category grades
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
- 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
- —
Market trends
- HPI YoY
- ▲ 23.63%
- Current HPI
- 302.333
- 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
+110.4% since first listed18 events — show timeline
- 2026-07-17 Price Changed $139,900 MRED as Distributed by MLS Grid
- 2026-07-11 Listed $144,900 MRED as Distributed by MLS Grid
- 2026-07-07 Contingent — MRED as Distributed by MLS Grid
- 2026-07-06 Listing Removed — MRED as Distributed by MLS Grid
- 2026-06-26 Price Changed — MRED as Distributed by MLS Grid
- 2026-06-09 Listed — MRED as Distributed by MLS Grid
- 2026-06-05 Listing Removed — MRED as Distributed by MLS Grid
- 2026-04-13 Listing Removed — MRED as Distributed by MLS Grid
- 2026-04-13 Listed — MRED as Distributed by MLS Grid
- 2026-03-11 Listed — MRED as Distributed by MLS Grid
- 2026-03-03 Listing Removed — MRED as Distributed by MLS Grid
- 2026-02-04 Listing Removed — MRED as Distributed by MLS Grid
- 2026-02-04 Listed — MRED as Distributed by MLS Grid
- 2025-12-12 Listed — MRED as Distributed by MLS Grid
- 2025-03-28 Rental Removed $2,200 TURBOTENANT
- 2025-01-07 Listed for Rent $2,200 TURBOTENANT
- 2022-11-21 Sold (Public Records) $149,000 Public Records
- 2003-08-21 Sold (Public Records) $66,500 Public Records
Property tax history
+6.7%/yrLatest (2023): $8,104 · +91.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…