333 Miami St · Park Forest, IL 60466

$155,000

3 bd · 1.5 ba · 1,294 sqft · SingleFamily public records · 18 Days on market

Built 1952 7,492 sqft lot Est $159k · at est.

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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
• DSCR +10.0/10.0
• ARV discount +8.7/15.0
• 1% rule +8.5/10.0
• 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 MLS

BEAUTIFUL 3 BR 1 bath brick ranch with large addition, recently remodeled in 2022 with newer kitchen & bathroom. Hardwood laminate floors & recessed lighting throughout. Brand new roof. Great yard with deck & detached garage with workshop. No work needed but the Property is being sold "As Is".

Key facts

• Stylish kitchen
• Brand-new roof
• Recessed lighting

Tags

• SPACIOUS ADDITION
• STYLISH KITCHEN
• UPDATED BATHROOM
• RECESSED LIGHTING
• BRAND-NEW ROOF
• EXPANSIVE BACKYARD

Property features AI

Finance

• Other: Property not currently leased; Commuter bus and school bus service available
• HOA & community: No master association required; Community features include sidewalks, street lights and paved streets

Exterior

• Parking: Detached garage (1 garage space, 1 total parking space)
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Rehab completed in 2022; Built between 71 and 80 years ago; Built before 1978
• Construction: Aluminum siding and brick exterior
• Exterior features: Deck

Interior

• Kitchen: Pantry closet; Range; Microwave; Refrigerator
• Bedrooms: Master bedroom on main level (wood laminate flooring); Two additional main-level bedrooms (wood laminate flooring)
• Flooring: Laminate flooring throughout main living areas and bedrooms; Ceramic tile in laundry room; Wood laminate noted in living room, dining room and bedrooms
• Bathrooms: One full bathroom with soaking tub
• Heating & cooling: Natural gas forced-air heating
• Interior features: First-floor bedroom and first-floor full bathroom; Separate dining room; 6 total rooms; Window screens
• Laundry & utility: Main-level laundry with sink; Washer and dryer included; Sump pump

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $579 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $153k (1.5% below list) — sets the bar for market timing.

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: 106 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 41% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 19y ago; this cycle's ask is 19% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $124k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $152,675 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.35% ✓
• Cap rate: 10.78%
• Cash-on-cash: 16.02%
• DSCR: 1.71
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $159,162
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
339 Blackhawk Dr	0.07mi	3/2.0	1,417 (+10%)	1mo	$234,200	$165	78
287 Mohawk St	0.24mi	3/1.0	1,408 (+9%)	1mo	$175,000	$124	71
251 Westwood Dr	0.45mi	3/2.0	1,248 (-4%)	2mo	$217,000	$174	70
308 Minocqua St	0.20mi	3/1.0	1,148 (-11%)	1mo	$139,000	$121	69
210 Marquette St	0.56mi	3/1.0	1,269 (-2%)	1mo	$153,000	$121	68
356 Waverly St	0.36mi	3/2.0	1,419 (+10%)	2mo	$120,000	$85	64
433 Lakewood Blvd	0.64mi	3/1.5	1,248 (-4%)	2mo	$165,000	$132	62
140 Nashua St	0.72mi	3/1.0	1,313 (+2%)	1mo	$103,000	$78	61
223 Miami St	0.47mi	3/1.0	1,162 (-10%)	1mo	$166,000	$143	58
360 Niagara St	0.74mi	3/1.0	1,231 (-5%)	0mo	$150,000	$122	55
354 Westgate Dr	0.58mi	3/1.5	1,470 (+14%)	2mo	$75,000	$51	49
410 Indianwood Blvd	0.62mi	3/1.0	1,100 (-15%)	0mo	$135,000	$123	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: 7.0%
• Equity multiple: 1.27×
• Total profit: $11,822
• Equity at exit: $23,111

10-year hold

• IRR: 16.3%
• Equity multiple: 2.34×
• Total profit: $57,947
• Equity at exit: $13,402

Cash invested: $43,400 (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 →

ZIP-level market 60466

• Home prices YoY: -21.1%
• Active inventory: 106
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,089 high
• Mortgage (P&I): −$813
• Tax est. 1.5%: −$194 /mo · $2,325/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $579

Break-even live

Break-even rent $1,356

Max offer price $155,000

Occupancy floor 67%

Sensitivity live

Price	-10% $687	-5% $633	+0% $579	+5% $526	+10% $472
Rent	-10% $414	-5% $497	+0% $579	+5% $662	+10% $745
Rate	-1.0pp $658	-0.5pp $619	base $579	+0.5pp $539	+1.0pp $498

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
411 Huron St Park Forest, IL	3.0	1.0	1092	$2,200	$2.01	0d	1	0.61mi
400 Watseka St Park Forest, IL	4.0	2.0	1161	$2,161	$1.86	17d	1	0.63mi
277 Somonauk St Park Forest, IL	3.0	1.0	966	$2,000	$2.07	4d	1	0.64mi
3905 Tower Dr Richton Park, IL	1.0–2.0	1.0–2.0	905	$1,795	$1.98	0d	19	0.77mi
372 Oswego St Park Forest, IL	4.0	1.0	1200	$2,600	$2.17	25d	1	0.77mi
490 Shabbona Dr Park Forest, IL	3.0	1.0	1300	$1,895	$1.46	4d	1	0.85mi
4014 Euclid Ln Richton Park, IL	2.0	1.0	1100	$2,100	$1.91	8d	1	0.86mi
4014 Euclid Ln Richton Park, IL	3.0	1.0	1100	$2,100	$1.91	13d	1	0.86mi
4014 Euclid Ln Richton Park, IL	2.0	1.0	1100	$2,100	$1.91	23d	1	0.86mi
441 Talala St Park Forest, IL	4.0	2.0	1740	$2,500	$1.44	25d	1	0.91mi
111 Nashua St Park Forest, IL	4.0	1.5	1500	$2,500	$1.67	25d	1	0.93mi
22501 Butterfield Rd Unit 22411-514 Richton Park, IL	2.0	1.5	1021	$1,365	$1.34	8d	1	1.00mi
22501 Butterfield Rd Unit 22400-311 Richton Park, IL	2.0	1.0	882	$1,360	$1.54	8d	1	1.00mi
22501 Butterfield Rd Unit 22411-506 Richton Park, IL	2.0	1.0	882	$1,325	$1.50	8d	1	1.00mi
22501 Butterfield Rd Unit 22415-207 Richton Park, IL	2.0	1.5	944	$1,360	$1.44	8d	1	1.00mi
235 Tampa St Park Forest, IL	3.0	1.0	1092	$2,000	$1.83	25d	1	1.04mi
194 Monee Rd Park Forest, IL	3.0	1.0	1092	$1,971	$1.80	23d	1	1.05mi
4200 Arlington Dr Richton Park, IL	3.0	2.0	1595	$2,061	$1.29	21d	1	1.06mi
19 Apple Ln Park Forest, IL	3.0	1.0	1541	$2,300	$1.49	13d	1	1.20mi
11 Fir St Park Forest, IL	1.0–3.0	1.0	1026	$2,069	$2.02	0d	1	1.23mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,995	$1.94	0d	11	1.28mi
3838 216th Pl Matteson, IL	2.0	2.0	1160	$1,996	$1.72	21d	1	1.29mi
22015 E Churchill Dr Richton Park, IL	4.0	2.0	1200	$2,300	$1.92	25d	1	1.40mi
4020 216th St Unit 2E Matteson, IL	3.0	1.0	1000	$2,000	$2.00	0d	1	1.44mi

Listing history 50 events

1. 2026-06-21
   days on market $155,000 Active 18 DOM
2. 2026-06-18
   days on market $155,000 Active 15 DOM
3. 2026-06-17
   days on market $155,000 Active 14 DOM
4. 2026-06-16
   days on market $155,000 Active 13 DOM
5. 2026-06-15
   days on market $155,000 Active 12 DOM
6. 2026-06-13
   days on market $155,000 Active 10 DOM
7. 2026-06-09
   days on market $155,000 Active 6 DOM
8. 2026-06-08
   days on market $155,000 Active 5 DOM
9. 2026-06-07
   days on market $155,000 Active 4 DOM
10. 2026-06-04
    pricedays on marketlisting id $155,000 Active 1 DOM
11. 2026-06-03
    days on market $165,000 Active 65 DOM
12. 2026-06-02
    days on market $165,000 Active 64 DOM
13. 2026-06-01
    days on market $165,000 Active 63 DOM
14. 2026-05-31
    days on market $165,000 Active 62 DOM
15. 2026-04-20
    price $165,000
16. 2025-04-04
    soldstatus $124,500 Closed 316-char remark

    Show marketing remark (316 chars)

    BEAUTIFUL 3 BR 1 bath brick ranch with large addition, recently remodeled in 2022 with newer kitchen & bathroom. Hardwood laminate floors & recessed lighting throughout. Brand new roof. Great yard with deck & detached garage with workshop. No work needed but the Property is being sold "As Is".

17. 2025-02-24
    historical Contingent - Continue to Show 316-char remark

    Show marketing remark (316 chars)

    BEAUTIFUL 3 BR 1 bath brick ranch with large addition, recently remodeled in 2022 with newer kitchen & bathroom. Hardwood laminate floors & recessed lighting throughout. Brand new roof. Great yard with deck & detached garage with workshop. No work needed but the Property is being sold "As Is".

18. 2025-02-06
    listed $129,900 Active 316-char remark

    Show marketing remark (316 chars)

    BEAUTIFUL 3 BR 1 bath brick ranch with large addition, recently remodeled in 2022 with newer kitchen & bathroom. Hardwood laminate floors & recessed lighting throughout. Brand new roof. Great yard with deck & detached garage with workshop. No work needed but the Property is being sold "As Is".

19. 2022-08-13
    historical
20. 2022-07-29
    price
21. 2022-06-29
    price
22. 2022-06-13
    price
23. 2022-06-06
    price
24. 2022-05-11
    listed Active
25. 2021-12-06
    historical
26. 2021-11-17
    price
27. 2021-11-03
    listed Active
28. 2018-01-08
    soldstatus $40,000 Closed Sale
29. 2017-11-13
    historical Contingent
30. 2017-10-23
    status Reactivated
31. 2017-10-20
    historical
32. 2017-09-18
    price $44,900
33. 2017-08-09
    price $49,900
34. 2017-05-31
    price $56,900
35. 2017-04-04
    price $61,900
36. 2017-03-20
    listed $64,900 New
37. 2010-09-16
    soldstatus $80,000
38. 2010-08-27
    soldstatus $80,000 Closed Sale
39. 2010-07-06
    historical Contingent
40. 2010-07-02
    price $109,000 Reactivated
41. 2010-07-02
    status Reactivated
42. 2010-06-14
    historical
43. 2010-05-10
    listed $94,900 New
44. 2009-07-08
    soldstatus $24,000 Closed Sale
45. 2009-03-24
    historical
46. 2009-03-13
    price $43,200
47. 2009-01-16
    price $50,400
48. 2009-01-16
    status
49. 2008-11-14
    historical
50. 2008-10-24
    listed $72,000

ⓘ 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: $25,073
• − Mortgage interest: −$8,682
• − Property taxes: −$2,325
• − Insurance: −$775
• − Repairs & maintenance: −$2,006
• − Management: −$2,006
• − Depreciation: −$4,509
• Taxable income: $4,770
• Est. tax owed @ 24.0%: −$1,145
• After-tax cash flow: $5,809/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

+243.8% since first listed

43 events — show timeline

• 2026-04-20 Price Changed $165,000 MRED as Distributed by MLS Grid
• 2025-04-04 Sold (MLS) $124,500 MRED as Distributed by MLS Grid
• 2025-02-24 Contingent — MRED as Distributed by MLS Grid
• 2025-02-06 Listed $129,900 MRED as Distributed by MLS Grid
• 2022-08-13 Listing Removed — MRED as Distributed by MLS Grid
• 2022-07-29 Price Changed — MRED as Distributed by MLS Grid
• 2022-06-29 Price Changed — MRED as Distributed by MLS Grid
• 2022-06-13 Price Changed — MRED as Distributed by MLS Grid
• 2022-06-06 Price Changed — MRED as Distributed by MLS Grid
• 2022-05-11 Listed — MRED as Distributed by MLS Grid
• 2021-12-06 Listing Removed — MRED as Distributed by MLS Grid
• 2021-11-17 Price Changed — MRED as Distributed by MLS Grid
• 2021-11-03 Listed — MRED as Distributed by MLS Grid
• 2018-01-08 Sold (MLS) $40,000 MRED as Distributed by MLS Grid
• 2017-11-13 Contingent — MRED as Distributed by MLS Grid
• 2017-10-23 Relisted — MRED as Distributed by MLS Grid
• 2017-10-20 Listing Removed — MRED as Distributed by MLS Grid
• 2017-09-18 Price Changed $44,900 MRED as Distributed by MLS Grid
• 2017-08-09 Price Changed $49,900 MRED as Distributed by MLS Grid
• 2017-05-31 Price Changed $56,900 MRED as Distributed by MLS Grid
• 2017-04-04 Price Changed $61,900 MRED as Distributed by MLS Grid
• 2017-03-20 Listed $64,900 MRED as Distributed by MLS Grid
• 2010-09-16 Sold (Public Records) $80,000 Public Records
• 2010-08-27 Sold (MLS) $80,000 MRED as Distributed by MLS Grid
• 2010-07-06 Contingent — MRED as Distributed by MLS Grid
• 2010-07-02 Relisted — MRED as Distributed by MLS Grid
• 2010-07-02 Price Changed $109,000 MRED as Distributed by MLS Grid
• 2010-06-14 Listing Removed — MRED as Distributed by MLS Grid
• 2010-05-10 Listed $94,900 MRED as Distributed by MLS Grid
• 2009-07-08 Sold (MLS) $24,000 MRED as Distributed by MLS Grid
• 2009-03-24 Listing Removed — MRED as Distributed by MLS Grid
• 2009-03-13 Price Changed $43,200 MRED as Distributed by MLS Grid
• 2009-01-16 Relisted — MRED as Distributed by MLS Grid
• 2009-01-16 Price Changed $50,400 MRED as Distributed by MLS Grid
• 2008-11-14 Listing Removed — MRED as Distributed by MLS Grid
• 2008-10-24 Listed $72,000 MRED as Distributed by MLS Grid
• 2007-11-02 Listing Removed — MRED as Distributed by MLS Grid
• 2007-11-02 Listed — MRED as Distributed by MLS Grid
• 2000-12-06 Sold (Public Records) $74,000 Public Records
• 1999-01-07 Sold (Public Records) $60,000 Public Records
• 1987-02-23 Sold (Public Records) $49,500 Public Records
• 1985-01-16 Sold (Public Records) $38,500 Public Records
• 1981-01-08 Sold (Public Records) $48,000 Public Records

Property tax history

+5.4%/yr

Latest (2023): $8,784 · +14.5% YoY. Source: county tax records.