66 Marquette St · Park Forest, IL 60466

$110,000

3 bd · 1.0 ba · 1,348 sqft · SingleFamily public records · 56 Days on market

Built 1952 7,405 sqft lot Est $168k · 35% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Welcome to 66 Marquette Street, a delightful ranch-style home nestled in the heart of Park Forest, IL. This inviting 3-bedroom, 1-bathroom property boasts a spacious layout perfect for families, first-time buyers, or anyone seeking the comfort of single-level living. The kitchen is large with plenty of counter space perfect for everyday meals or the highly coveted holiday dinners. The primary bedroom here is HUGE with its own private fireplace! Outside, the expansive backyard offers a private oasis for relaxation or outdoor activities. Additionally, the property includes a detached garage, providing extra storage and parking alongside the driveway. This property is in close proximity to loc

Key facts

• Ranch-style home
• Private fireplace
• Expansive backyard

Tags

• RANCH-STYLE HOME
• PRIVATE FIREPLACE
• EXPANSIVE BACKYARD
• DETACHED GARAGE
• CLOSE PROXIMITY TO PARKS
• EASY ACCESS TO HIGHWAYS

Property features AI

Finance

• Other: School bus service, commuter bus, and interstate access nearby; Parcel number: 31364060290000; Lot dimensions approximately 60 x 125 (less than 0.25 acre)
• HOA & community: No master association fee required; Community features include park access

Exterior

• Parking: Detached owned garage (1 garage space); Asphalt driveway; Additional parking for a total of 6 vehicles
• Utilities: Public water (also Lake Michigan listed as source); Public sewer and storm sewer
• Home design: Detached single-family home; One-story layout; Fee simple ownership
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built approximately 71–80 years ago; Property built before 1978
• Exterior features: Partial fenced yard; Park nearby; Curbs, sidewalks, street lights, and paved streets

Interior

• Kitchen: Kitchen on main level (20 x 10); Range; Refrigerator
• Bedrooms: Master bedroom on main level (18 x 15); Bedroom on main level (12 x 10); Bedroom on main level (12 x 10)
• Flooring: Vinyl flooring in living areas and bedrooms; Ceramic tile in kitchen and laundry; Laminate flooring reported
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: First-floor bedroom; First-floor full bath; 6 total rooms; Unfinished attic; Kitchen/dining combo; Crawl space basement; Wood-burning fireplace in the master bedroom
• Laundry & utility: Main-level laundry (10 x 3); In-unit laundry with laundry closet and sink; Gas dryer hookup; Electric dryer hookup; Washer; Dryer; Laundry located in kitchen area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.
• Cap rate 17.4% vs local median 9.7% in Park Forest — 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 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; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 44% 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 $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 11y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $106,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 2.05% ✓
• Cap rate: 17.40%
• Cash-on-cash: 39.65%
• DSCR: 2.76
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $168,500
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
343 Osage St	0.23mi	3/1.0	1,490 (+10%)	0mo	$185,000	$124	71
332 Oswego St	0.17mi	2/1.0 (-1)	1,224 (-9%)	3mo	$105,000	$86	70
210 Marquette St	0.47mi	3/1.0	1,269 (-6%)	0mo	$153,000	$121	68
360 Niagara St	0.43mi	3/1.0	1,231 (-9%)	0mo	$150,000	$122	65
6 Monee Ct	0.40mi	3/1.5	1,452 (+8%)	3mo	$120,000	$83	64
397 Oswego St	0.40mi	4/2.0 (+1)	1,398 (+4%)	2mo	$199,000	$142	64
107 Chestnut St	0.43mi	4/2.5 (+1)	1,383 (+3%)	1mo	$215,000	$155	64
140 Nashua St	0.69mi	3/1.0	1,313 (-3%)	1mo	$103,000	$78	62
131 Sauk Trl	0.30mi	3/1.0	1,148 (-15%)	2mo	$144,000	$125	59
5 Oak Ln	0.29mi	3/2.0	1,171 (-13%)	2mo	$170,000	$145	59
364 Osage St	0.30mi	4/3.0 (+1)	1,503 (+12%)	1mo	$245,000	$163	53
223 Miami St	0.68mi	3/1.0	1,162 (-14%)	1mo	$166,000	$143	44

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: 36.0%
• Equity multiple: 2.53×
• Total profit: $47,027
• Equity at exit: $16,401

10-year hold

• IRR: 42.7%
• Equity multiple: 5.04×
• Total profit: $124,552
• Equity at exit: $9,511

Cash invested: $30,800 (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: 4.1×

Monthly cashflow live

• Estimated rent: $2,250 high
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $1,018

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 50%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19 Apple Ln Park Forest, IL	3.0	1.0	1541	$2,300	$1.49	12d	1	0.17mi
372 Oswego St Park Forest, IL	4.0	1.0	1200	$2,600	$2.17	24d	1	0.36mi
111 Nashua St Park Forest, IL	4.0	1.5	1500	$2,500	$1.67	24d	1	0.50mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,995	$1.94	1d	11	0.58mi
23439 Western Ave Unit C29 Park Forest, IL	2.0	2.0	975	$1,570	$1.61	1d	1	0.62mi
411 Huron St Park Forest, IL	3.0	1.0	1092	$2,300	$2.11	24d	1	0.77mi
194 Monee Rd Park Forest, IL	3.0	1.0	1092	$1,971	$1.80	22d	1	0.92mi
441 Talala St Park Forest, IL	4.0	2.0	1740	$2,500	$1.44	24d	1	0.94mi
277 Somonauk St Park Forest, IL	3.0	1.0	966	$2,000	$2.07	3d	1	1.00mi
490 Shabbona Dr Park Forest, IL	3.0	1.0	1300	$1,895	$1.46	3d	1	1.09mi
235 Tampa St Park Forest, IL	3.0	1.0	1092	$2,000	$1.83	24d	1	1.15mi
400 Watseka St Park Forest, IL	4.0	2.0	1161	$2,161	$1.86	16d	1	1.41mi

Listing history 39 events

1. 2026-05-31
   status $110,000 Pending 56 DOM
2. 2026-05-22
   price $110,000
3. 2026-05-03
   price $115,000
4. 2026-04-04
   listed $120,000 Active
5. 2024-12-17
   historical
6. 2024-12-17
   status Temporarily No Showings
7. 2024-09-26
   historical
8. 2024-09-04
   listed Active
9. 2022-02-15
   historical Contingent - Continue to Show
10. 2021-12-17
    status Active Under Contract
11. 2021-12-15
    historical
12. 2021-12-14
    status Active
13. 2021-11-05
    status Active Under Contract
14. 2021-11-02
    price
15. 2021-10-28
    status Active
16. 2021-10-23
    status Active Under Contract
17. 2021-10-16
    listed Active
18. 2021-03-28
    status Contingent
19. 2021-03-28
    historical
20. 2021-03-17
    price
21. 2021-02-19
    price
22. 2021-02-19
    status Reactivated
23. 2020-11-18
    status Contingent
24. 2020-07-13
    price
25. 2020-06-29
    listed New
26. 2019-12-15
    historical
27. 2019-11-07
    listed New
28. 2019-11-05
    soldstatus $158,000
29. 2019-06-25
    historical
30. 2019-06-10
    price
31. 2019-05-02
    listed New
32. 2015-11-18
    soldstatus $21,501 Closed Sale
33. 2015-10-13
    status Pending
34. 2015-09-19
    listed $21,000 New
35. 2000-10-31
    soldstatus $90,500
36. 1992-08-25
    soldstatus $74,500
37. 1990-10-05
    soldstatus $57,000
38. 1983-07-01
    soldstatus $51,500
39. 1978-06-30
    soldstatus $36,500

ⓘ 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 · 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: $27,006
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$2,160
• − Management: −$2,160
• − Depreciation: −$3,200
• Taxable income: $11,123
• Est. tax owed @ 24.0%: −$2,670
• After-tax cash flow: $9,543/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

+201.4% since first listed

38 events — show timeline

• 2026-05-22 Price Changed $110,000 MRED as Distributed by MLS Grid
• 2026-05-03 Price Changed $115,000 MRED as Distributed by MLS Grid
• 2026-04-04 Listed $120,000 MRED as Distributed by MLS Grid
• 2024-12-17 Listing Removed — MRED as Distributed by MLS Grid
• 2024-12-17 Relisted — MRED as Distributed by MLS Grid
• 2024-09-26 Listing Removed — MRED as Distributed by MLS Grid
• 2024-09-04 Listed — MRED as Distributed by MLS Grid
• 2022-02-15 Contingent — MRED as Distributed by MLS Grid
• 2021-12-17 Pending — MRED as Distributed by MLS Grid
• 2021-12-15 Listing Removed — MRED as Distributed by MLS Grid
• 2021-12-14 Relisted — MRED as Distributed by MLS Grid
• 2021-11-05 Pending — MRED as Distributed by MLS Grid
• 2021-11-02 Price Changed — MRED as Distributed by MLS Grid
• 2021-10-28 Relisted — MRED as Distributed by MLS Grid
• 2021-10-23 Pending — MRED as Distributed by MLS Grid
• 2021-10-16 Listed — MRED as Distributed by MLS Grid
• 2021-03-28 Pending — MRED as Distributed by MLS Grid
• 2021-03-28 Listing Removed — MRED as Distributed by MLS Grid
• 2021-03-17 Price Changed — MRED as Distributed by MLS Grid
• 2021-02-19 Price Changed — MRED as Distributed by MLS Grid
• 2021-02-19 Relisted — MRED as Distributed by MLS Grid
• 2020-11-18 Pending — MRED as Distributed by MLS Grid
• 2020-07-13 Price Changed — MRED as Distributed by MLS Grid
• 2020-06-29 Listed — MRED as Distributed by MLS Grid
• 2019-12-15 Listing Removed — MRED as Distributed by MLS Grid
• 2019-11-07 Listed — MRED as Distributed by MLS Grid
• 2019-11-05 Sold (Public Records) $158,000 Public Records
• 2019-06-25 Listing Removed — MRED as Distributed by MLS Grid
• 2019-06-10 Price Changed — MRED as Distributed by MLS Grid
• 2019-05-02 Listed — MRED as Distributed by MLS Grid
• 2015-11-18 Sold (MLS) $21,501 MRED as Distributed by MLS Grid
• 2015-10-13 Pending — MRED as Distributed by MLS Grid
• 2015-09-19 Listed $21,000 MRED as Distributed by MLS Grid
• 2000-10-31 Sold (Public Records) $90,500 Public Records
• 1992-08-25 Sold (Public Records) $74,500 Public Records
• 1990-10-05 Sold (Public Records) $57,000 Public Records
• 1983-07-01 Sold (Public Records) $51,500 Public Records
• 1978-06-30 Sold (Public Records) $36,500 Public Records

Property tax history

+5.4%/yr

Latest (2023): $9,677 · +24.3% YoY. Source: county tax records.