230 Millford Ln · Bloomingdale, IL 60108

$479,000

4 bd · 3.0 ba · 2,338 sqft · SingleFamily public records · 62 Days on market

Built 1976 9,252 sqft lot Est $556k · 14% 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).

• ARV discount +13.8/15.0
• Cash flow +12.9/30.0
• 1% rule +4.1/10.0
• DSCR +3.9/10.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Location dialed in-right in the center of Bloomingdale-this 2,400+ sq ft split-level delivers both space and style. With 4 bedrooms, 3 full baths, and a sleek open kitchen featuring a butcher block island and stainless appliances, it's built for modern living. Downstairs brings the vibe: spacious family room, brick fireplace, wet bar, and walkout to a fenced yard with deck/patio-perfect for entertaining. Across from the library, Village Hall, and police station, and just steps to parks, shopping, and top-rated District 13 schools.

Key facts

• Split-level
• Wet bar
• Brick fireplace

Tags

• SPLIT-LEVEL
• BUTCHER BLOCK ISLAND
• SPACIOUS FAMILY ROOM
• BRICK FIREPLACE
• WET BAR
• FENCED YARD

Property features AI

Finance

• Other: Property assessed/area information sourced from assessor
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage with 2 garage spaces; Concrete driveway; Garage door opener; Owned garage
• Utilities: Lake Michigan water source; Public sewer; Electric with circuit breakers
• Home design: Detached single-family home; Split-level / bi-level design; Fee simple ownership
• Construction: Built approximately 41–50 years ago; Brick and cedar exterior; Asphalt roof; Concrete perimeter foundation
• Exterior features: Deck; Patio; Fenced yard; Sidewalks

Interior

• Kitchen: Island and eating area/table space; Range; Microwave; Dishwasher; Refrigerator; Disposal; Bar fridge
• Bedrooms: Master bedroom on main level (includes full bath); Three additional bedrooms — two on main level and one on lower level
• Flooring: Hardwood; Laminate; Porcelain tile
• Bathrooms: Three full bathrooms (one located in the basement)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Finished basement with partial exposure and walk-up/walk-out access; 8 total rooms; Gas starter fireplace in the basement; Carbon monoxide detectors; Ceiling fans; Sump pump
• Laundry & utility: In-unit laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $479k.

Deal economics

• At list price, monthly cash flow is $-34 ($-410/yr) — negative.
• To cash-flow at today's rent, offer at most $473k (1.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $437k (8.7% below list).
• Recommended offer: $437k (8.7% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 3.1% in Bloomingdale — 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 (#141 in IL, #2,595 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living D+, amenities F.
• Lake Park Chsd 108 (suburban): math 37% / reading 43% proficiency, ranked #128 of 620 in IL (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lake Park High School (math 37% / reading 43%, grade F, #85 of 693 statewide, top 12%, 2,560 students, 0% FRL).
• Market conditions: 48 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,378 units permitted in DuPage County in 2024 (594 in 5+ unit buildings).
• At $4,374/mo this rent would consume 51% of the median local household income ($103k/yr) (locally 480% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($450k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $40k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $405k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $437,401 (8.7% 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 62 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.91% ✗
• Cap rate: 6.21%
• Cash-on-cash: -0.31%
• DSCR: 0.99
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $556,444
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
254 Bunting Ln	0.29mi	4/4.0	2,368 (+1%)	0mo	$585,000	$247	80
205 Cambridge Ln	0.28mi	3/2.5 (-1)	2,368 (+1%)	1mo	$555,000	$234	77
168 Hingham Ln	0.44mi	4/3.5	2,489 (+6%)	3mo	$780,000	$313	64
315 Norton Ln	0.52mi	4/2.5	2,482 (+6%)	2mo	$565,000	$228	62
308 Plymouth Ln	0.52mi	4/2.5	2,482 (+6%)	2mo	$535,000	$216	62
198 S Circle Ave	0.47mi	5/2.5 (+1)	2,374 (+2%)	11mo	$405,000	$171	59
258 Thrasher St	0.70mi	4/3.0	2,474 (+6%)	6mo	$537,500	$217	53
178 Bobwhite Ct	0.58mi	4/2.5	2,588 (+11%)	2mo	$615,000	$238	51
182 Lockwood Ln	0.67mi	5/2.5 (+1)	2,155 (-8%)	0mo	$485,000	$225	49
177 Cardinal Dr	0.64mi	4/3.0	2,078 (-11%)	7mo	$549,000	$264	46
352 Eagle Ln	0.50mi	3/2.5 (-1)	2,044 (-13%)	10mo	$695,000	$340	41
158 S Prairie Ave	0.64mi	3/2.0 (-1)	2,000 (-14%)	7mo	$559,000	$280	31

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: -16.8%
• Equity multiple: 0.41×
• Total profit: $-79,617
• Equity at exit: $71,420

10-year hold

• IRR: -8.5%
• Equity multiple: 0.47×
• Total profit: $-71,413
• Equity at exit: $41,415

Cash invested: $134,120 (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 60108

• Active inventory: 48
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $4,374 medium
• Mortgage (P&I): −$2,512
• Tax from tax record: −$778 /mo · $9,337/yr
• Insurance: −$200
• HOA: −$0
• Vacancy / Maint / Mgmt: −$919
• Net cashflow: $-34

Break-even live

Break-even rent $4,417

Max offer price $472,969

Occupancy floor 96%

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: $119,750
• Closing costs: $14,370
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
196 Rosedale Ct Bloomingdale, IL	5.0	3.0	3287	$6,000	$1.83	1d	1	0.55mi
314 Morningside Dr Apt B Bloomingdale, IL	3.0	2.5	2000	$3,200	$1.60	1d	1	1.33mi

Listing history 26 events

1. 2026-06-18
   days on market $479,000 Active 62 DOM
2. 2026-06-17
   days on market $479,000 Active 61 DOM
3. 2026-06-16
   days on market $479,000 Active 60 DOM
4. 2026-06-15
   days on market $479,000 Active 59 DOM
5. 2026-06-13
   days on market $479,000 Active 57 DOM
6. 2026-06-13
   pricedays on market $479,000 Active 56 DOM
7. 2026-06-09
   days on market $499,000 Active 53 DOM
8. 2026-06-08
   days on market $499,000 Active 52 DOM
9. 2026-06-07
   days on market $499,000 Active 51 DOM
10. 2026-06-04
    days on market $499,000 Active 48 DOM
11. 2026-06-03
    days on market $499,000 Active 47 DOM
12. 2026-06-02
    days on market $499,000 Active 46 DOM
13. 2026-06-01
    days on market $499,000 Active 45 DOM
14. 2026-05-31
    days on market $499,000 Active 44 DOM
15. 2026-05-05
    price $499,000
16. 2026-04-17
    listed $519,000 Active
17. 2026-04-17
    historical
18. 2026-04-01
    listed Active
19. 2022-07-05
    historical
20. 2022-06-10
    price
21. 2022-06-04
    price
22. 2022-05-25
    listed Active
23. 2021-08-04
    soldstatus $405,000
24. 2002-07-11
    soldstatus $209,500
25. 1986-05-01
    soldstatus $86,000
26. 1986-05-01
    soldstatus $106,000

ⓘ 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: $9,337 · $778/mo
• Projected year-2 tax: $10,105 · $842/mo
• Expected delta: +$768/yr (+$64/mo · 8.2%)

ⓘ 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 ≥103°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $52,488
• − Mortgage interest: −$26,831
• − Property taxes: −$9,337
• − Insurance: −$2,395
• − Repairs & maintenance: −$4,199
• − Management: −$4,199
• − Depreciation: −$13,935
• Taxable loss: −$8,408
• Est. tax savings @ 24.0%: +$2,018
• After-tax cash flow: $1,608/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: Lake Park Chsd 108
• NCES district ID: 1721840
• Math proficiency: 37% ▼ -16.00%
• Reading proficiency: 43% ▼ -6.00%
• Median HH income: $69,790
• Composite: 36.37/100
• National rank: #4684
• State rank: #128 of 620 in IL

Livability — Bloomingdale

• Score: 78/100
• State rank: #141
• US rank: #2595

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bloomingdale, IL
• County: DuPage County · 904,569 people
• City population: 23,604
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 23,604
• Household income: $103,392
• Rent vs Own: 24.7% rent · 75.3% own
• Severe rent burden: 480.0

Population outlook (DuPage County) Hauer SSP2

• Today (2025): 960,187 people
• By 2030: 965,850 · +0.6%
• By 2040: 965,812 · +0.6%
• By 2050: 954,890 · -0.6%
• By 2075: 910,185 · -5.2%
• By 2100: 816,255 · -15.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Asian 14% Hispanic / Latino 11% Two or more races 7% Black 4%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Romanian 13% Iranian 1% Lithuanian 1%
• Foreign-born: 19% · Canada, Vietnam, South Korea
• Languages at home: 75% English-only · Other Indo-European 9% Russian/Polish/Slavic 5% Spanish 5%

Political lean MEDSL · DuPage

• 2024 margin: D (+13.3) · D 55.9% · R 42.5% · Other 1.6%
• 2008→2024 swing: +2.5pp toward D · 2008: 10.8pp · 2024: 13.3pp
• All cycles: 2024: D+13.3 2020: D+18.1 2016: D+14.1 2012: D+1.0 2008: D+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -196.94%
• Current HPI: 203.6334
• 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

+480.2% since first listed

12 events — show timeline

• 2026-05-05 Price Changed $499,000 MRED as Distributed by MLS Grid
• 2026-04-17 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-17 Listed $519,000 MRED as Distributed by MLS Grid
• 2026-04-01 Listed — MRED as Distributed by MLS Grid
• 2022-07-05 Listing Removed — MRED as Distributed by MLS Grid
• 2022-06-10 Price Changed — MRED as Distributed by MLS Grid
• 2022-06-04 Price Changed — MRED as Distributed by MLS Grid
• 2022-05-25 Listed — MRED as Distributed by MLS Grid
• 2021-08-04 Sold (Public Records) $405,000 Public Records
• 2002-07-11 Sold (Public Records) $209,500 Public Records
• 1986-05-01 Sold (Public Records) $106,000 Public Records
• 1986-05-01 Sold (Public Records) $86,000 Public Records

Property tax history

+3.4%/yr

Latest (2024): $9,337 · +8.3% YoY. Source: county tax records.