15333 Cherry Ln · Markham, IL 60428

$79,999

3 bd · 1.0 ba · 1,100 sqft · SingleFamily public records · 5 Days on market

Built 1960 Fair condition $73/sqft · 47% below area Est $150k · 47% under

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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
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +0.9/10.0

Listing remarks MLS

Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

Key facts

• 1-car carport
• 500 sq ft lot
• Close to shopping

Tags

• 500 SQ FT LOT
• 1-CAR CARPORT
• CLOSE TO SHOPPING
• CLOSE TO TRANSPORTATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $983 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Cap rate 21.0% vs local median 10.5% 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: Central Park Elem School (math 4% / reading 14%, grade F, #1,611 of 2,056 statewide, top 79%, 646 students, 0% FRL); Bremen High School (math 8% / reading 11%, grade F, #577 of 693 statewide, top 84%, 1,497 students, 0% FRL).
• Market conditions: 106 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals lingering (median 97d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% 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).
• This rent runs 44% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $9k of equity ($553 loan paydown + $8k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $79,999

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1960 — 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 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.43% ✓
• Cap rate: 21.04%
• Cash-on-cash: 52.68%
• DSCR: 3.34
• GRM: 3.4

CMA / ARV

• ARV (median comp): $150,441
• List price: $79,999
• Delta: -46.82%
• 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
15333 Cherry Ln	0.00mi	3/1.0	1,100 (0%)	3mo	$80,000	$73	98
15303 Birch Rd	0.13mi	3/1.0	1,100 (0%)	1mo	$174,900	$159	94
15403 Cherry Ln	0.04mi	4/1.0 (+1)	1,100 (0%)	0mo	$190,900	$174	93
15481 Lawndale Ave	0.44mi	3/1.0	1,074 (-2%)	0mo	$170,000	$158	75
15531 Millard Ave	0.50mi	4/2.0 (+1)	1,123 (+2%)	1mo	$152,000	$135	64
15352 Troy Ave	0.59mi	4/1.0 (+1)	1,073 (-2%)	4mo	$200,000	$186	60
15441 Albany Ave	0.73mi	3/1.0	1,050 (-4%)	3mo	$165,000	$157	56
15033 Hamlin Ave	0.56mi	2/1.5 (-1)	1,007 (-8%)	2mo	$150,000	$149	51
15711 Trumbull Ave	0.68mi	4/1.0 (+1)	1,020 (-7%)	1mo	$207,000	$203	50
14828 Saint Louis Ave	0.68mi	3/1.5	1,251 (+14%)	1mo	$302,500	$242	43
14841 Trumbull Ave	0.65mi	3/1.5	1,251 (+14%)	3mo	$290,000	$232	42
14831 Trumbull Ave	0.67mi	3/1.5	1,251 (+14%)	4mo	$255,000	$204	40

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

5-year hold

• IRR: 65.9%
• Equity multiple: 5.74×
• Total profit: $106,230
• Equity at exit: $72,069

10-year hold

• IRR: 59.5%
• Equity multiple: 12.77×
• Total profit: $263,635
• Equity at exit: $155,420

Cash invested: $22,400 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 16 active · 43 under contract
• Months of supply: 3.0 mo (33%/mo absorbed)
• Median asking: $212,498 ($178/sqft)
• Median days on market: 43 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -23.4% 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: 106
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,945 high
• Mortgage (P&I): −$420
• Tax est. 1.5%: −$100 /mo · $1,200/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $983

Break-even live

Break-even rent $700

Max offer price $79,999

Occupancy floor 44%

Sensitivity live

Price	-10% $1,039	-5% $1,011	+0% $983	+5% $956	+10% $928
Rent	-10% $830	-5% $907	+0% $983	+5% $1,060	+10% $1,137
Rate	-1.0pp $1,024	-0.5pp $1,004	base $983	+0.5pp $963	+1.0pp $942

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: $20,000
• Closing costs: $2,400
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15006 Avers Ave Midlothian, IL	3.0	1.5	1165	$2,195	$1.88	1d	1	0.67mi
3631 147th Pl Midlothian, IL	2.0	1.0	800	$1,460	$1.82	116d	1	0.82mi
3349 147th St Unit 3240 06 Midlothian, IL	2.0	1.0	817	$1,500	$1.84	146d	1	0.86mi
15708 Whipple Ave Markham, IL	2.0	1.0	1200	$1,700	$1.42	0d	1	0.94mi
15711 Whipple Ave Markham, IL	3.0	1.0	920	$3,025	$3.29	55d	1	0.97mi
15711 Whipple Ave Markham, IL	4.0	1.0	1000	$3,025	$3.02	17d	1	0.97mi
14840 Keystone Ave Midlothian, IL	4.0	1.0	1354	$1,750	$1.29	40d	1	0.98mi
14840 Keystone Ave Midlothian, IL	4.0	2.0	1354	$1,750	$1.29	10d	1	0.98mi
3926 147th Pl Midlothian, IL	4.0	2.0	1350	$2,400	$1.78	104d	1	1.01mi
14626 Kedzie Ave Midlothian, IL	3.0	1.0	1008	$1,900	$1.88	2d	1	1.01mi
14642 Keystone Ave Unit 2W Midlothian, IL	2.0	1.0	750	$1,450	$1.93	10d	1	1.16mi
14642 Keystone Ave Unit 1W Midlothian, IL	2.0	1.0	750	$1,450	$1.93	109d	1	1.16mi
2821 147th St Posen, IL	3.0	1.0	1200	$1,800	$1.50	135d	1	1.19mi
14608 Keystone Ave Midlothian, IL	2.0	1.0	800	$1,550	$1.94	130d	1	1.22mi
14608 Keystone Ave Midlothian, IL	2.0	1.0	900	$1,550	$1.72	96d	1	1.22mi
14547 Keystone Ave #12 Midlothian, IL	2.0	1.0	1000	$1,600	$1.60	140d	1	1.23mi
16225 Clifton Park Ave Markham, IL	3.0	1.0	1200	$2,600	$2.17	10d	1	1.28mi
16225 Clifton Park Ave Markham, IL	3.0	1.0	1200	$2,600	$2.17	27d	1	1.28mi
14521 Richmond Ave Unit 3 Posen, IL	2.0	1.0	850	$1,375	$1.62	165d	1	1.28mi
14521 Richmond Ave Unit 2 Posen, IL	2.0	1.0	850	$1,375	$1.62	101d	1	1.28mi
14433 Springfield Ave Midlothian, IL	3.0	1.0	1100	$1,900	$1.73	106d	1	1.29mi
14433 Springfield Ave Midlothian, IL	3.0	1.0	1100	$1,900	$1.73	53d	1	1.29mi

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Utilities: Public waterPublic sewer
• Home design: Detached, single-story home
• Construction: Frame constructionBuilt 61–70 years ago

Interior

• Bedrooms: 3 bedrooms, all on the main floor
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced-air heating

Listing history 24 events

1. 2026-11-08
   days on market $79,999 Active 5 DOM
2. 2026-11-07
   days on market $79,999 Active 4 DOM
3. 2026-11-06
   days on market $79,999 Active 3 DOM
4. 2026-11-05
   days on market $79,999 Active 2 DOM
5. 2026-11-04
   pricestatusdays on marketlisting id $79,999 Active 1 DOM
6. 2026-06-13
   statusdays on market $84,500 Pending 227 DOM
7. 2026-06-09
   days on market $84,500 Active 226 DOM
8. 2026-06-08
   days on market $84,500 Active 225 DOM
9. 2026-06-07
   days on market $84,500 Active 224 DOM
10. 2026-06-04
    days on market $84,500 Active 221 DOM
11. 2026-06-03
    days on market $84,500 Active 220 DOM
12. 2026-06-02
    days on market $84,500 Active 219 DOM
13. 2026-06-01
    days on market $84,500 Active 218 DOM
14. 2026-05-31
    days on market $84,500 Active 217 DOM
15. 2026-04-23
    price $87,900

    Show marketing remark (423 chars)

    Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

16. 2026-03-19
    price $95,000

    Show marketing remark (423 chars)

    Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

17. 2026-03-10
    status Active

    Show marketing remark (423 chars)

    Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

18. 2026-03-04
    status Pending

    Show marketing remark (423 chars)

    Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

19. 2026-02-05
    price $99,900

    Show marketing remark (423 chars)

    Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

20. 2026-01-02
    price $115,000

    Show marketing remark (423 chars)

    Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

21. 2025-11-20
    price $119,500

    Show marketing remark (423 chars)

    Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

22. 2025-10-20
    listed $134,900 Active

    Show marketing remark (423 chars)

    Exciting opportunity! This frame 1 story home offers 3 bedrooms, 1 full bath, and a 1-car attached carport! This property is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.

23. 2025-07-24
    historical
24. 2003-11-20
    soldstatus $69,500

ⓘ 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 ≥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

Taxation est. · year 1

• Rental income: $23,335
• − Mortgage interest: −$4,481
• − Property taxes: −$1,200
• − Insurance: −$400
• − Repairs & maintenance: −$1,867
• − Management: −$1,867
• − Depreciation: −$2,327
• Taxable income: $11,193
• Est. tax owed @ 24.0%: −$2,686
• After-tax cash flow: $9,114/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 · 9 photos

Fair 45/100 Moderate rehab Est. rehab $27,500–$49,500 screening

This 1-story home requires moderate repairs and maintenance to improve its curb appeal and value. Painting the exterior and trimming the landscaping can significantly enhance its appeal.

Components & finishes AI

Roof asphalt shingle · good Flooring laminate

Deferred maintenance Est. $2,500–$10,000 screening

• Minor Roof (roof) — No visible signs of damage or wear
• Minor Windows (windows) — No visible signs of damage or wear
• Minor Electrical (electrical) — No visible signs of damage or wear
• Minor Plumbing (plumbing) — No visible signs of damage or wear
• Minor Exterior (exterior) — No visible signs of damage or wear

Repairs flagged

• Moderate Siding — Weathered and needs repainting
• Minor Landscaping — Overgrown and needs trimming

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Trim landscaping — Improves curb appeal and value ↑
• Resale Replace stained bathtub — Freshens bathroom and improves resale value ↑

ⓘ Rehab cost is a screening estimate — Moderate 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.

F Composite school gradezoned avg 9/100

Zoned Schools

Elementary Central Park Elem School F IL #1,611/2,056 Nat'l #39,659/41,679 High Bremen High School F IL #577/693 Nat'l #16,586/17,239

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

B Composite livability gradescore 76/100

Livability — Markham

• Score: 76/100
• State rank: #186
• US rank: #3539

Category grades

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

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: 26.7% rent · 73.3% own
• Severe rent burden: 32% of renters

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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%

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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%
• Languages at home: 86% English-only · Spanish 14%

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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

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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

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Utilities: Public waterPublic sewer
• Home design: Detached, single-story home
• Construction: Frame constructionBuilt 61–70 years ago

Interior

• Bedrooms: 3 bedrooms, all on the main floor
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced-air heating

Price history

+15.1% since first listed

15 events — show timeline

• 2026-11-03 Listed $79,999 MRED as Distributed by MLS Grid
• 2026-08-18 Sold (Public Records) $80,000 Public Records
• 2026-08-14 Sold (MLS) $80,000 MRED as Distributed by MLS Grid
• 2026-06-10 Pending — MRED as Distributed by MLS Grid
• 2026-05-29 Price Changed $84,500 MRED as Distributed by MLS Grid
• 2026-04-23 Price Changed $87,900 MRED as Distributed by MLS Grid
• 2026-03-19 Price Changed $95,000 MRED as Distributed by MLS Grid
• 2026-03-10 Relisted — MRED as Distributed by MLS Grid
• 2026-03-04 Pending — MRED as Distributed by MLS Grid
• 2026-02-05 Price Changed $99,900 MRED as Distributed by MLS Grid
• 2026-01-02 Price Changed $115,000 MRED as Distributed by MLS Grid
• 2025-11-20 Price Changed $119,500 MRED as Distributed by MLS Grid
• 2025-10-20 Listed $134,900 MRED as Distributed by MLS Grid
• 2025-07-24 Listing Removed — MRED as Distributed by MLS Grid
• 2003-11-20 Sold (Public Records) $69,500 Public Records

Property tax history

+4.9%/yr

Latest (2023): $5,338 · +57.7% YoY. Source: county tax records.