240 N Park Dr · Glenwood, IL 60425

$214,900

2 bd · 1.0 ba · 1,088 sqft · SingleFamily public records · 171 Days on market

Built 1965 7,200 sqft lot Est $212k · at est.

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Why this score? — see what drove the F 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 +7.3/30.0
• ARV discount +6.9/15.0
• 1% rule +4.8/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

SPACIOUS AND UPDATED HOME IN GLENWOOD! THIS GREAT HOME FEATURES A XL KITCHEN WITH ISLAND, STAINLESS STEEL APPLIANCES, GRANITE COUNTERS, HARDWOOD FLOORS THROUGHOUT, FULL FINISHED BASEMENT W/ CERAMIC TILE FLOORS, RECESSED LIGHTING, LARGE LAUNDRY ROOM W/ SINK, SPACIOUS YARD W/ REAR PATIO, 2.5 CAR DETACHED GARAGE, EXCELLENT LOCATION NEXT TO THE PARK, SHOPPING AND EXPRESSWAYS. SCHEDULE A VIEWING TODAY!

Key facts

• Generous yard
• Spacious kitchen
• Granite countertops

Tags

• SPACIOUS KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• HARDWOOD FLOORS
• FULLY FINISHED BASEMENT
• GENEROUS YARD

Property features AI

Finance

• Other: Lot dimensions approximately 60 x 120 (less than 0.25 acre); Total finished area includes finished basement (below-grade finished area approx. 1,088); Total finished/unfinished area reported as 2,176
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with 2.5 garage spaces; Concrete driveway; Garage door opener; Owned garage
• Security: CO detectors
• Utilities: Public water; Public sewer; Electric service with circuit breakers
• Home design: Detached single-family home; One-story layout with finished basement; Built approximately 61–70 years ago; Fee simple ownership
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation
• Exterior features: Patio; School bus service available

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms (plus a possible 4th); One bedroom located in the basement
• Flooring: Hardwood flooring in primary living areas and some bedrooms; Porcelain tile in kitchen, basement family room, basement bedroom and basement laundry
• Bathrooms: 2 full bathrooms; Basement includes a bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning; CO detectors
• Interior features: Walk-in closets; Window screens; Finished full basement
• Laundry & utility: Basement laundry with gas dryer hookup and utility sink; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $-286 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $178k (17.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $212k (1.5% below list).
• Recommended offer: $178k (17.2% below list) — sets the bar for cash-flow.
• Cap rate 4.7% vs local median 8.0% in Glenwood — 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 66/100 on livability (#545 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: health & safety D+, amenities F, commute F.
• Homewood Flossmoor Chsd 233 (suburban): math 21% / reading 27% proficiency, ranked #272 of 620 in IL (top 44%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Longwood Elem School (math 2% / reading 8%, grade F, #1,741 of 2,056 statewide, top 93%, 330 students, 0% FRL); Brookwood Jr High School (math 5% / reading 20%, grade F, #545 of 665 statewide, top 83%, 241 students, 0% FRL); Homewood-Flossmoor High School (math 21% / reading 27%, grade F, #304 of 693 statewide, top 44%, 2,798 students, 0% FRL).
• Market conditions: 53 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 0d 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 171 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 11y ago; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price.

Recommended offer $177,877 (17.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 171 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.98% ✗
• Cap rate: 4.69%
• Cash-on-cash: -5.71%
• DSCR: 0.75
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $212,160
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
423 N Pleasant Dr	0.21mi	3/1.0 (+1)	1,092 (+0%)	12mo	$215,000	$197	75
406 N Park Dr	0.16mi	3/2.0 (+1)	1,091 (+0%)	13mo	$213,000	$195	72
817 W Strieff Ln	0.22mi	3/1.5 (+1)	1,118 (+3%)	10mo	$213,000	$191	70
308 N Park Dr	0.06mi	3/2.0 (+1)	1,088 (0%)	22mo	$272,000	$250	70
808 N Rainbow Dr	0.17mi	3/1.5 (+1)	1,164 (+7%)	17mo	$194,000	$167	60
440 W Arquilla Dr	0.24mi	3/1.5 (+1)	1,171 (+8%)	22mo	$176,000	$150	50
914 Coach Rd	0.58mi	3/1.5 (+1)	1,197 (+10%)	0mo	$275,000	$230	49
139 N Wabash Ave	0.70mi	3/1.0 (+1)	950 (-13%)	20mo	$166,900	$176	25

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: -25.8%
• Equity multiple: 0.12×
• Total profit: $-52,728
• Equity at exit: $32,042

10-year hold

• IRR: -21.8%
• Equity multiple: -0.13×
• Total profit: $-68,076
• Equity at exit: $18,581

Cash invested: $60,172 (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 60425

• Home prices YoY: -10.6%
• Active inventory: 53
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,116 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$741 /mo · $8,894/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$444
• Net cashflow: $-286

Break-even live

Break-even rent $2,478

Max offer price $177,877

Occupancy floor —

Sensitivity live

Price	-10% $-165	-5% $-225	+0% $-286	+5% $-347	+10% $-408
Rent	-10% $-453	-5% $-370	+0% $-286	+5% $-203	+10% $-119
Rate	-1.0pp $-178	-0.5pp $-232	base $-286	+0.5pp $-342	+1.0pp $-399

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
44 N Glenwood Ave Glenwood, IL	1.0	1.0	700	$1,900	$2.71	0d	1	0.58mi
105 S Sycamore Ln Glenwood, IL	3.0	1.5	1201	$2,300	$1.92	3d	1	1.40mi
105 S Sycamore Ln Glenwood, IL	3.0	1.5	1201	$2,300	$1.92	0d	1	1.40mi

Listing history 50 events

1. 2026-06-21
   days on market $214,900 Active 171 DOM
2. 2026-06-18
   days on market $214,900 Active 168 DOM
3. 2026-06-17
   days on market $214,900 Active 167 DOM
4. 2026-06-16
   days on market $214,900 Active 166 DOM
5. 2026-06-15
   days on market $214,900 Active 165 DOM
6. 2026-06-13
   statusdays on market $214,900 Active 163 DOM
7. 2026-06-09
   days on market $214,900 Contingent - Continue to Show 159 DOM
8. 2026-06-08
   days on market $214,900 Contingent - Continue to Show 158 DOM
9. 2026-06-07
   days on market $214,900 Contingent - Continue to Show 157 DOM
10. 2026-06-04
    days on market $214,900 Contingent - Continue to Show 154 DOM
11. 2026-06-03
    days on market $214,900 Contingent - Continue to Show 153 DOM
12. 2026-06-02
    days on market $214,900 Contingent - Continue to Show 152 DOM
13. 2026-06-01
    days on market $214,900 Contingent - Continue to Show 151 DOM
14. 2026-05-31
    days on market $214,900 Contingent - Continue to Show 150 DOM
15. 2026-05-22
    historical Contingent - Continue to Show
16. 2026-03-26
    price $214,900
17. 2026-01-01
    listed $240,000 Active
18. 2025-12-31
    historical
19. 2025-11-13
    status Active
20. 2025-11-13
    price
21. 2025-09-07
    historical Contingent - Continue to Show
22. 2025-07-25
    price
23. 2025-07-10
    listed Active
24. 2023-08-23
    soldstatus $255,000
25. 2023-08-16
    soldstatus $255,000 Closed 402-char remark

    Show marketing remark (402 chars)

    SPACIOUS AND UPDATED HOME IN GLENWOOD! THIS GREAT HOME FEATURES A XL KITCHEN WITH ISLAND, STAINLESS STEEL APPLIANCES, GRANITE COUNTERS, HARDWOOD FLOORS THROUGHOUT, FULL FINISHED BASEMENT W/ CERAMIC TILE FLOORS, RECESSED LIGHTING, LARGE LAUNDRY ROOM W/ SINK, SPACIOUS YARD W/ REAR PATIO, 2.5 CAR DETACHED GARAGE, EXCELLENT LOCATION NEXT TO THE PARK, SHOPPING AND EXPRESSWAYS. SCHEDULE A VIEWING TODAY!

26. 2023-07-14
    historical Contingent - Continue to Show 402-char remark

    Show marketing remark (402 chars)

    SPACIOUS AND UPDATED HOME IN GLENWOOD! THIS GREAT HOME FEATURES A XL KITCHEN WITH ISLAND, STAINLESS STEEL APPLIANCES, GRANITE COUNTERS, HARDWOOD FLOORS THROUGHOUT, FULL FINISHED BASEMENT W/ CERAMIC TILE FLOORS, RECESSED LIGHTING, LARGE LAUNDRY ROOM W/ SINK, SPACIOUS YARD W/ REAR PATIO, 2.5 CAR DETACHED GARAGE, EXCELLENT LOCATION NEXT TO THE PARK, SHOPPING AND EXPRESSWAYS. SCHEDULE A VIEWING TODAY!

27. 2023-06-26
    listed $269,900 Active 402-char remark

    Show marketing remark (402 chars)

    SPACIOUS AND UPDATED HOME IN GLENWOOD! THIS GREAT HOME FEATURES A XL KITCHEN WITH ISLAND, STAINLESS STEEL APPLIANCES, GRANITE COUNTERS, HARDWOOD FLOORS THROUGHOUT, FULL FINISHED BASEMENT W/ CERAMIC TILE FLOORS, RECESSED LIGHTING, LARGE LAUNDRY ROOM W/ SINK, SPACIOUS YARD W/ REAR PATIO, 2.5 CAR DETACHED GARAGE, EXCELLENT LOCATION NEXT TO THE PARK, SHOPPING AND EXPRESSWAYS. SCHEDULE A VIEWING TODAY!

28. 2020-11-16
    soldstatus $190,000
29. 2020-10-19
    soldstatus $190,000 Closed Sale
30. 2020-08-21
    status Contingent
31. 2020-08-04
    listed $185,900 New
32. 2018-01-22
    soldstatus $60,000 Closed Sale
33. 2017-12-04
    status Contingent (Do Not Show)
34. 2017-11-13
    listed $64,900 New
35. 2016-05-20
    status Contingent (Do Not Show)
36. 2016-05-19
    historical
37. 2016-05-10
    price
38. 2016-05-06
    price
39. 2016-04-20
    status Reactivated
40. 2016-01-26
    historical Contingent
41. 2016-01-16
    price
42. 2015-12-31
    price
43. 2015-12-19
    price
44. 2015-12-03
    price
45. 2015-11-23
    listed New
46. 2015-10-26
    historical
47. 2015-10-05
    price
48. 2015-09-15
    price
49. 2015-09-11
    price
50. 2015-09-03
    price

ⓘ 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: $8,894 · $741/mo
• Projected year-2 tax: $8,894 · $741/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 1/10 Low FEMA zone X (shaded) · 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: $25,389
• − Mortgage interest: −$12,038
• − Property taxes: −$8,894
• − Insurance: −$1,074
• − Repairs & maintenance: −$2,031
• − Management: −$2,031
• − Depreciation: −$6,252
• Taxable loss: −$6,931
• Est. tax savings @ 24.0%: +$1,663
• After-tax cash flow: $-1,771/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: Homewood Flossmoor Chsd 233
• NCES district ID: 1719560
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 27% ▼ -13.00%
• Median HH income: $83,564
• Composite: 24.42/100
• National rank: #7681
• State rank: #272 of 620 in IL

Livability — Glenwood

• Score: 66/100
• State rank: #545
• US rank: #11292

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glenwood, IL
• City population: 8,730
• Population (ZIP): 8,730

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 (68%)
• Race & ethnicity: Black 68% White 22% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 3% Iranian 1% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -37.24%
• Current HPI: 314.1777
• 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

+95.4% since first listed

40 events — show timeline

• 2026-05-22 Contingent — MRED as Distributed by MLS Grid
• 2026-03-26 Price Changed $214,900 MRED as Distributed by MLS Grid
• 2026-01-01 Listed $240,000 MRED as Distributed by MLS Grid
• 2025-12-31 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-13 Relisted — MRED as Distributed by MLS Grid
• 2025-11-13 Price Changed — MRED as Distributed by MLS Grid
• 2025-09-07 Contingent — MRED as Distributed by MLS Grid
• 2025-07-25 Price Changed — MRED as Distributed by MLS Grid
• 2025-07-10 Listed — MRED as Distributed by MLS Grid
• 2023-08-23 Sold (Public Records) $255,000 Public Records
• 2023-08-16 Sold (MLS) $255,000 MRED as Distributed by MLS Grid
• 2023-07-14 Contingent — MRED as Distributed by MLS Grid
• 2023-06-26 Listed $269,900 MRED as Distributed by MLS Grid
• 2020-11-16 Sold (Public Records) $190,000 Public Records
• 2020-10-19 Sold (MLS) $190,000 MRED as Distributed by MLS Grid
• 2020-08-21 Pending — MRED as Distributed by MLS Grid
• 2020-08-04 Listed $185,900 MRED as Distributed by MLS Grid
• 2018-01-22 Sold (MLS) $60,000 MRED as Distributed by MLS Grid
• 2017-12-04 Pending — MRED as Distributed by MLS Grid
• 2017-11-13 Listed $64,900 MRED as Distributed by MLS Grid
• 2016-05-20 Pending — MRED as Distributed by MLS Grid
• 2016-05-19 Listing Removed — MRED as Distributed by MLS Grid
• 2016-05-10 Price Changed — MRED as Distributed by MLS Grid
• 2016-05-06 Price Changed — MRED as Distributed by MLS Grid
• 2016-04-20 Relisted — MRED as Distributed by MLS Grid
• 2016-01-26 Contingent — MRED as Distributed by MLS Grid
• 2016-01-16 Price Changed — MRED as Distributed by MLS Grid
• 2015-12-31 Price Changed — MRED as Distributed by MLS Grid
• 2015-12-19 Price Changed — MRED as Distributed by MLS Grid
• 2015-12-03 Price Changed — MRED as Distributed by MLS Grid
• 2015-11-23 Listed — MRED as Distributed by MLS Grid
• 2015-10-26 Listing Removed — MRED as Distributed by MLS Grid
• 2015-10-05 Price Changed — MRED as Distributed by MLS Grid
• 2015-09-15 Price Changed — MRED as Distributed by MLS Grid
• 2015-09-11 Price Changed — MRED as Distributed by MLS Grid
• 2015-09-03 Price Changed — MRED as Distributed by MLS Grid
• 2015-08-30 Price Changed — MRED as Distributed by MLS Grid
• 2015-08-26 Price Changed — MRED as Distributed by MLS Grid
• 2015-06-26 Listed — MRED as Distributed by MLS Grid
• 2000-08-21 Sold (Public Records) $110,000 Public Records

Property tax history

+6.0%/yr

Latest (2023): $8,894 · +27.5% YoY. Source: county tax records.