319 Miami St · Park Forest, IL 60466

$180,000

3 bd · 2.0 ba · 1,765 sqft · SingleFamily public records · 26 Days on market

Built 1952 7,492 sqft lot Est $161k · 12% over

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Why this score? — see what drove the C 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 +28.3/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +2.1/15.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Imagine the possibilities in this light-filled ranch home with over 1700 square feet of living space! Beautiful hardwood floors in living room and family room. White cabinet kitchen features a subway tile backsplash, granite counters, stainless steel appliances and a breakfast bar that opens into a huge family room. This versatile space is fantastic for entertaining and big enough for both dining and lounging. It would also make a great play area for the kids. Spacious primary suite makes the perfect adult oasis. Two additional bedrooms and second bathroom are located on the opposite side of the house. Extra storage space in laundry/utility room. Home sits on large lot with giant backyard just waiting for your ideas! No garage, but driveway can easily accommodate 3 plus cars.

Key facts

• Granite counters
• Hardwood floors
• Breakfast bar

Tags

• HARDWOOD FLOORS
• WHITE CABINET KITCHEN
• SUBWAY TILE BACKSPLASH
• GRANITE COUNTERS
• STAINLESS STEEL APPLIANCES
• BREAKFAST BAR

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $577 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (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: 102 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 13d 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 45% 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 $50k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 15y ago; this cycle's ask has dropped $10k (5%) 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 $177,300 (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: 1.28% ✓
• Cap rate: 10.14%
• Cash-on-cash: 13.73%
• DSCR: 1.61
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $160,615
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
22646 Lawndale Ave	0.39mi	3/2.0	1,705 (-3%)	3mo	$316,600	$186	74
351 Waverly St	0.39mi	3/2.0	1,671 (-5%)	0mo	$149,000	$89	73
289 Westwood Dr	0.41mi	3/1.5	1,664 (-6%)	1mo	$95,102	$57	68
340 Sauk Trl	0.31mi	3/2.0	1,576 (-11%)	1mo	$180,000	$114	67
336 Indianwood Blvd	0.57mi	3/1.5	1,784 (+1%)	6mo	$190,000	$107	64
202 Wilson St	0.59mi	4/1.5 (+1)	1,772 (+0%)	1mo	$68,000	$38	64
256 Sangamon St	0.28mi	4/2.0 (+1)	1,567 (-11%)	6mo	$142,000	$91	58
4 Lakewood Ct	0.44mi	4/2.0 (+1)	1,556 (-12%)	2mo	$205,000	$132	53
28 W Rocket Cir	0.60mi	4/2.0 (+1)	1,905 (+8%)	2mo	$140,000	$73	52
204 Nashua St	0.56mi	4/2.0 (+1)	1,625 (-8%)	6mo	$90,000	$55	51
425 Lakewood Blvd	0.70mi	3/2.0	1,900 (+8%)	7mo	$217,000	$114	49
505 Wildwood Dr	0.64mi	3/1.5	2,028 (+15%)	5mo	$117,000	$58	39

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: 3.9%
• Equity multiple: 1.15×
• Total profit: $7,606
• Equity at exit: $26,839

10-year hold

• IRR: 13.4%
• Equity multiple: 2.07×
• Total profit: $54,071
• Equity at exit: $15,563

Cash invested: $50,400 (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: 102
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,305 high
• Mortgage (P&I): −$944
• Tax est. 1.5%: −$225 /mo · $2,700/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$484
• Net cashflow: $577

Break-even live

Break-even rent $1,575

Max offer price $180,000

Occupancy floor 70%

Sensitivity live

Price	-10% $701	-5% $639	+0% $577	+5% $515	+10% $452
Rent	-10% $395	-5% $486	+0% $577	+5% $668	+10% $759
Rate	-1.0pp $667	-0.5pp $623	base $577	+0.5pp $530	+1.0pp $483

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
490 Shabbona Dr Park Forest, IL	3.0	1.0	1300	$1,895	$1.46	3d	1	0.71mi
441 Talala St Park Forest, IL	4.0	2.0	1740	$2,500	$1.44	25d	1	0.77mi
111 Nashua St Park Forest, IL	4.0	1.5	1500	$2,500	$1.67	25d	1	0.83mi
336 Oakwood St Park Forest, IL	3.0	2.0	2083	$2,800	$1.34	11d	1	1.05mi
4200 Arlington Dr Richton Park, IL	3.0	2.0	1595	$2,061	$1.29	20d	1	1.12mi
19 Apple Ln Park Forest, IL	3.0	1.0	1541	$2,300	$1.49	13d	1	1.17mi
11 Fir St Park Forest, IL	1.0–3.0	1.0	1026	$2,069	$2.02	0d	1	1.28mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,995	$1.94	0d	11	1.31mi

Listing history 40 events

1. 2026-06-18
   days on market $180,000 Active 26 DOM
2. 2026-06-17
   days on market $180,000 Active 25 DOM
3. 2026-06-16
   days on market $180,000 Active 24 DOM
4. 2026-06-15
   days on market $180,000 Active 23 DOM
5. 2026-06-13
   days on market $180,000 Active 21 DOM
6. 2026-06-09
   days on market $180,000 Active 17 DOM
7. 2026-06-08
   pricedays on market $180,000 Active 16 DOM
8. 2026-06-07
   days on market $190,000 Active 15 DOM
9. 2026-06-04
   days on market $190,000 Active 12 DOM
10. 2026-06-03
    days on market $190,000 Active 11 DOM
11. 2026-06-02
    days on market $190,000 Active 10 DOM
12. 2026-06-01
    days on market $190,000 Active 9 DOM
13. 2026-05-31
    days on market $190,000 Active 8 DOM
14. 2026-05-21
    listed $190,000 Active
15. 2022-03-09
    soldstatus $160,000
16. 2022-03-03
    soldstatus $160,000 Closed 786-char remark

    Show marketing remark (786 chars)

    Imagine the possibilities in this light-filled ranch home with over 1700 square feet of living space! Beautiful hardwood floors in living room and family room. White cabinet kitchen features a subway tile backsplash, granite counters, stainless steel appliances and a breakfast bar that opens into a huge family room. This versatile space is fantastic for entertaining and big enough for both dining and lounging. It would also make a great play area for the kids. Spacious primary suite makes the perfect adult oasis. Two additional bedrooms and second bathroom are located on the opposite side of the house. Extra storage space in laundry/utility room. Home sits on large lot with giant backyard just waiting for your ideas! No garage, but driveway can easily accommodate 3 plus cars.

17. 2022-02-15
    historical Contingent - Continue to Show 786-char remark

    Show marketing remark (786 chars)

    Imagine the possibilities in this light-filled ranch home with over 1700 square feet of living space! Beautiful hardwood floors in living room and family room. White cabinet kitchen features a subway tile backsplash, granite counters, stainless steel appliances and a breakfast bar that opens into a huge family room. This versatile space is fantastic for entertaining and big enough for both dining and lounging. It would also make a great play area for the kids. Spacious primary suite makes the perfect adult oasis. Two additional bedrooms and second bathroom are located on the opposite side of the house. Extra storage space in laundry/utility room. Home sits on large lot with giant backyard just waiting for your ideas! No garage, but driveway can easily accommodate 3 plus cars.

18. 2022-01-30
    status Active Under Contract 786-char remark

    Show marketing remark (786 chars)

    Imagine the possibilities in this light-filled ranch home with over 1700 square feet of living space! Beautiful hardwood floors in living room and family room. White cabinet kitchen features a subway tile backsplash, granite counters, stainless steel appliances and a breakfast bar that opens into a huge family room. This versatile space is fantastic for entertaining and big enough for both dining and lounging. It would also make a great play area for the kids. Spacious primary suite makes the perfect adult oasis. Two additional bedrooms and second bathroom are located on the opposite side of the house. Extra storage space in laundry/utility room. Home sits on large lot with giant backyard just waiting for your ideas! No garage, but driveway can easily accommodate 3 plus cars.

19. 2022-01-25
    price $158,000 786-char remark

    Show marketing remark (786 chars)

    Imagine the possibilities in this light-filled ranch home with over 1700 square feet of living space! Beautiful hardwood floors in living room and family room. White cabinet kitchen features a subway tile backsplash, granite counters, stainless steel appliances and a breakfast bar that opens into a huge family room. This versatile space is fantastic for entertaining and big enough for both dining and lounging. It would also make a great play area for the kids. Spacious primary suite makes the perfect adult oasis. Two additional bedrooms and second bathroom are located on the opposite side of the house. Extra storage space in laundry/utility room. Home sits on large lot with giant backyard just waiting for your ideas! No garage, but driveway can easily accommodate 3 plus cars.

20. 2021-12-16
    status Active 786-char remark

    Show marketing remark (786 chars)

    Imagine the possibilities in this light-filled ranch home with over 1700 square feet of living space! Beautiful hardwood floors in living room and family room. White cabinet kitchen features a subway tile backsplash, granite counters, stainless steel appliances and a breakfast bar that opens into a huge family room. This versatile space is fantastic for entertaining and big enough for both dining and lounging. It would also make a great play area for the kids. Spacious primary suite makes the perfect adult oasis. Two additional bedrooms and second bathroom are located on the opposite side of the house. Extra storage space in laundry/utility room. Home sits on large lot with giant backyard just waiting for your ideas! No garage, but driveway can easily accommodate 3 plus cars.

21. 2021-11-22
    status Active Under Contract 786-char remark

    Show marketing remark (786 chars)

    Imagine the possibilities in this light-filled ranch home with over 1700 square feet of living space! Beautiful hardwood floors in living room and family room. White cabinet kitchen features a subway tile backsplash, granite counters, stainless steel appliances and a breakfast bar that opens into a huge family room. This versatile space is fantastic for entertaining and big enough for both dining and lounging. It would also make a great play area for the kids. Spacious primary suite makes the perfect adult oasis. Two additional bedrooms and second bathroom are located on the opposite side of the house. Extra storage space in laundry/utility room. Home sits on large lot with giant backyard just waiting for your ideas! No garage, but driveway can easily accommodate 3 plus cars.

22. 2021-10-29
    listed $160,000 Active 786-char remark

    Show marketing remark (786 chars)

    Imagine the possibilities in this light-filled ranch home with over 1700 square feet of living space! Beautiful hardwood floors in living room and family room. White cabinet kitchen features a subway tile backsplash, granite counters, stainless steel appliances and a breakfast bar that opens into a huge family room. This versatile space is fantastic for entertaining and big enough for both dining and lounging. It would also make a great play area for the kids. Spacious primary suite makes the perfect adult oasis. Two additional bedrooms and second bathroom are located on the opposite side of the house. Extra storage space in laundry/utility room. Home sits on large lot with giant backyard just waiting for your ideas! No garage, but driveway can easily accommodate 3 plus cars.

23. 2021-09-05
    status Active Under Contract
24. 2021-09-04
    historical
25. 2021-08-12
    listed Active
26. 2020-07-16
    soldstatus $115,000
27. 2020-06-02
    soldstatus $115,000 Closed Sale
28. 2020-04-23
    historical
29. 2020-04-22
    listed $124,900
30. 2020-04-14
    historical
31. 2020-03-17
    price
32. 2020-02-08
    price
33. 2020-01-16
    listed New
34. 2014-08-29
    soldstatus $36,000 Closed Sale
35. 2014-08-25
    status Pending
36. 2014-07-13
    listed $38,000 New
37. 2012-02-12
    historical
38. 2011-09-07
    listed New
39. 2005-09-06
    soldstatus $144,500
40. 1988-12-15
    soldstatus $58,000

ⓘ 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: $27,657
• − Mortgage interest: −$10,083
• − Property taxes: −$2,700
• − Insurance: −$900
• − Repairs & maintenance: −$2,213
• − Management: −$2,213
• − Depreciation: −$5,236
• Taxable income: $4,313
• Est. tax owed @ 24.0%: −$1,035
• After-tax cash flow: $5,887/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

+227.6% since first listed

27 events — show timeline

• 2026-05-21 Listed $190,000 MRED as Distributed by MLS Grid
• 2022-03-09 Sold (Public Records) $160,000 Public Records
• 2022-03-03 Sold (MLS) $160,000 MRED as Distributed by MLS Grid
• 2022-02-15 Contingent — MRED as Distributed by MLS Grid
• 2022-01-30 Pending — MRED as Distributed by MLS Grid
• 2022-01-25 Price Changed $158,000 MRED as Distributed by MLS Grid
• 2021-12-16 Relisted — MRED as Distributed by MLS Grid
• 2021-11-22 Pending — MRED as Distributed by MLS Grid
• 2021-10-29 Listed $160,000 MRED as Distributed by MLS Grid
• 2021-09-05 Pending — MRED as Distributed by MLS Grid
• 2021-09-04 Listing Removed — MRED as Distributed by MLS Grid
• 2021-08-12 Listed — MRED as Distributed by MLS Grid
• 2020-07-16 Sold (Public Records) $115,000 Public Records
• 2020-06-02 Sold (MLS) $115,000 MRED as Distributed by MLS Grid
• 2020-04-23 Listing Removed — MRED as Distributed by MLS Grid
• 2020-04-22 Listed $124,900 MRED as Distributed by MLS Grid
• 2020-04-14 Listing Removed — MRED as Distributed by MLS Grid
• 2020-03-17 Price Changed — MRED as Distributed by MLS Grid
• 2020-02-08 Price Changed — MRED as Distributed by MLS Grid
• 2020-01-16 Listed — MRED as Distributed by MLS Grid
• 2014-08-29 Sold (MLS) $36,000 MRED as Distributed by MLS Grid
• 2014-08-25 Pending — MRED as Distributed by MLS Grid
• 2014-07-13 Listed $38,000 MRED as Distributed by MLS Grid
• 2012-02-12 Listing Removed — MRED as Distributed by MLS Grid
• 2011-09-07 Listed — MRED as Distributed by MLS Grid
• 2005-09-06 Sold (Public Records) $144,500 Public Records
• 1988-12-15 Sold (Public Records) $58,000 Public Records

Property tax history

+7.3%/yr

Latest (2023): $10,981 · +489.4% YoY. Source: county tax records.