3924 Sunset Ave · Markham, IL 60428

$135,000

3 bd · 1.5 ba · 1,170 sqft · SingleFamily public records · 93 Days on market

Built 1956 0.33 ac lot Est $214k · 37% 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 +2.5/5.0
• Schools +1.5/10.0

Listing remarks MLS

There are no remarks available.

Key facts

• Expansive lot
• Wet bar
• Huge front yard

Tags

• RANCH-STYLE HOME
• EXPANSIVE LOT
• SEMI-FINISHED BASEMENT
• SPACIOUS REC ROOM
• WET BAR
• HUGE FRONT YARD

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage; Driveway parking; Total of 4 parking spaces (2 garage spaces)
• Utilities: Water from Lake Michigan / public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Aluminum siding and frame construction; Concrete perimeter foundation; Built before 1978 (61-70 years old)
• Exterior features: School bus service; Lot dimensions approximately 100 x 150; Quarter-acre plus lot (.25-.49 acre)

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms (all on main level); Master bedroom on main level
• Flooring: Hardwood in living room; Wood laminate in bedrooms
• Bathrooms: 2 full bathrooms; Basement bathroom present
• Heating & cooling: Natural gas heating; Steam/radiant heat with radiators
• Interior features: Partially finished full basement; 6 total rooms; Ceiling fan(s)
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $135k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.8% vs local median 10.2% 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: Tinley Park High School (math 22% / reading 25%, grade F, #309 of 693 statewide, top 45%, 1,089 students, 0% FRL).
• Market conditions: 65 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($933 loan paydown + $14k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 15y ago; this cycle's ask has dropped $24k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $122,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 1.98% ✓
• Cap rate: 16.78%
• Cash-on-cash: 37.45%
• DSCR: 2.67
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $214,110
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3737 Rose Manor Ter	0.23mi	2/1.0 (-1)	1,210 (+3%)	0mo	$165,000	$136	76
4230 Barry Ln	0.55mi	3/2.0	1,152 (-2%)	2mo	$230,000	$200	68
16030 Saint Louis Ave	0.57mi	3/1.5	1,228 (+5%)	3mo	$200,000	$163	63
3620 Arthur Ter	0.40mi	2/1.0 (-1)	1,135 (-3%)	8mo	$162,900	$144	63
4316 Mann St	0.60mi	3/1.0	1,140 (-3%)	8mo	$283,000	$248	59
15823 S Saint Louis Ave	0.67mi	3/2.0	1,203 (+3%)	4mo	$220,000	$183	59
16202 Saint Louis Ave	0.59mi	3/1.0	1,060 (-9%)	2mo	$129,900	$123	53
16213 Saint Louis Ave	0.62mi	3/1.0	1,060 (-9%)	2mo	$55,000	$52	52
16302 Trumbull Ave	0.69mi	3/1.0	1,260 (+8%)	2mo	$139,900	$111	51
4367 Henry St	0.72mi	3/1.5	1,040 (-11%)	1mo	$265,000	$255	47
16488 Barton Ln	0.68mi	3/2.0	1,040 (-11%)	2mo	$285,000	$274	46
4348 Mann St	0.69mi	3/2.0	1,008 (-14%)	5mo	$255,000	$253	39

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: 53.1%
• Equity multiple: 4.93×
• Total profit: $148,707
• Equity at exit: $121,619

10-year hold

• IRR: 46.7%
• Equity multiple: 11.02×
• Total profit: $378,907
• Equity at exit: $262,275

Cash invested: $37,800 (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 60428

• Home prices YoY: 8.5%
• Active inventory: 65
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $2,674 medium
• Mortgage (P&I): −$708
• Tax est. 1.5%: −$169 /mo · $2,025/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$562
• Net cashflow: $1,180

Break-even live

Break-even rent $1,181

Max offer price $135,000

Occupancy floor 51%

Sensitivity live

Price	-10% $1,273	-5% $1,226	+0% $1,180	+5% $1,133	+10% $1,087
Rent	-10% $969	-5% $1,074	+0% $1,180	+5% $1,285	+10% $1,391
Rate	-1.0pp $1,248	-0.5pp $1,214	base $1,180	+0.5pp $1,145	+1.0pp $1,109

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16450 Roy St Oak Forest, IL	3.0	1.5	1500	$2,400	$1.60	18d	1	0.89mi
4800 157th St Oak Forest, IL	2.0	2.0	1031	$2,660	$2.58	2d	1	1.43mi
4800 W 157th St Oak Forest, IL	1.0–2.0	1.0–2.0	1151	$2,660	$2.31	2d	3	1.44mi
15544 Kilpatrick Ave Oak Forest, IL	2.0–3.0	2.5	1630	$3,195	$1.96	2d	2	1.44mi

Listing history 28 events

1. 2026-03-30
   status Active
2. 2026-03-30
   price $135,000
3. 2026-03-16
   historical Contingent - Continue to Show
4. 2026-03-04
   price $145,000
5. 2026-02-25
   listed $159,000 Active
6. 2022-11-10
   soldstatus $135,000
7. 2022-10-27
   soldstatus $135,000 Closed 31-char remark

   Show marketing remark (31 chars)

   There are no remarks available.

8. 2022-09-14
   historical Contingent - Continue to Show 31-char remark

   Show marketing remark (31 chars)

   There are no remarks available.

9. 2022-09-09
   listed $120,000 Active 31-char remark

   Show marketing remark (31 chars)

   There are no remarks available.

10. 2012-04-20
    soldstatus $36,000 Closed Sale 365-char remark

    Show marketing remark (365 chars)

    PERFECT COZY HOME IDEAL FOR THE FIRST TIME BUYER EXCELENT OPPORTUNITY FOR THIS BEATIFUL 3 BEDROOM RANCH OVER .33 ACRE LOT AND FINISHED BASEMENT WITH WET BAR AND 2 CAR GARAGE SHORE SALE SUBJECT TO LENDER`S APPROVAL SOLD AS IS SELLER WILL NOT PROVIDE SURVEY OR TERMITE INSPECTION BUYER IS RESPONSIBLE FOR ANY AND ALL INSPECTIONS COMPLIANCES OR ESCROWS IF NEEDED ...

11. 2012-01-28
    historical Contingent 365-char remark

    Show marketing remark (365 chars)

    PERFECT COZY HOME IDEAL FOR THE FIRST TIME BUYER EXCELENT OPPORTUNITY FOR THIS BEATIFUL 3 BEDROOM RANCH OVER .33 ACRE LOT AND FINISHED BASEMENT WITH WET BAR AND 2 CAR GARAGE SHORE SALE SUBJECT TO LENDER`S APPROVAL SOLD AS IS SELLER WILL NOT PROVIDE SURVEY OR TERMITE INSPECTION BUYER IS RESPONSIBLE FOR ANY AND ALL INSPECTIONS COMPLIANCES OR ESCROWS IF NEEDED ...

12. 2012-01-03
    price $30,000 Price Change 365-char remark

    Show marketing remark (365 chars)

    PERFECT COZY HOME IDEAL FOR THE FIRST TIME BUYER EXCELENT OPPORTUNITY FOR THIS BEATIFUL 3 BEDROOM RANCH OVER .33 ACRE LOT AND FINISHED BASEMENT WITH WET BAR AND 2 CAR GARAGE SHORE SALE SUBJECT TO LENDER`S APPROVAL SOLD AS IS SELLER WILL NOT PROVIDE SURVEY OR TERMITE INSPECTION BUYER IS RESPONSIBLE FOR ANY AND ALL INSPECTIONS COMPLIANCES OR ESCROWS IF NEEDED ...

13. 2011-12-16
    price $40,000 Price Change 365-char remark

    Show marketing remark (365 chars)

    PERFECT COZY HOME IDEAL FOR THE FIRST TIME BUYER EXCELENT OPPORTUNITY FOR THIS BEATIFUL 3 BEDROOM RANCH OVER .33 ACRE LOT AND FINISHED BASEMENT WITH WET BAR AND 2 CAR GARAGE SHORE SALE SUBJECT TO LENDER`S APPROVAL SOLD AS IS SELLER WILL NOT PROVIDE SURVEY OR TERMITE INSPECTION BUYER IS RESPONSIBLE FOR ANY AND ALL INSPECTIONS COMPLIANCES OR ESCROWS IF NEEDED ...

14. 2011-12-01
    price $45,000 Price Change 365-char remark

    Show marketing remark (365 chars)

    PERFECT COZY HOME IDEAL FOR THE FIRST TIME BUYER EXCELENT OPPORTUNITY FOR THIS BEATIFUL 3 BEDROOM RANCH OVER .33 ACRE LOT AND FINISHED BASEMENT WITH WET BAR AND 2 CAR GARAGE SHORE SALE SUBJECT TO LENDER`S APPROVAL SOLD AS IS SELLER WILL NOT PROVIDE SURVEY OR TERMITE INSPECTION BUYER IS RESPONSIBLE FOR ANY AND ALL INSPECTIONS COMPLIANCES OR ESCROWS IF NEEDED ...

15. 2011-11-17
    price $50,000 Price Change 365-char remark

    Show marketing remark (365 chars)

    PERFECT COZY HOME IDEAL FOR THE FIRST TIME BUYER EXCELENT OPPORTUNITY FOR THIS BEATIFUL 3 BEDROOM RANCH OVER .33 ACRE LOT AND FINISHED BASEMENT WITH WET BAR AND 2 CAR GARAGE SHORE SALE SUBJECT TO LENDER`S APPROVAL SOLD AS IS SELLER WILL NOT PROVIDE SURVEY OR TERMITE INSPECTION BUYER IS RESPONSIBLE FOR ANY AND ALL INSPECTIONS COMPLIANCES OR ESCROWS IF NEEDED ...

16. 2011-11-02
    price $58,000 Price Change 365-char remark

    Show marketing remark (365 chars)

    PERFECT COZY HOME IDEAL FOR THE FIRST TIME BUYER EXCELENT OPPORTUNITY FOR THIS BEATIFUL 3 BEDROOM RANCH OVER .33 ACRE LOT AND FINISHED BASEMENT WITH WET BAR AND 2 CAR GARAGE SHORE SALE SUBJECT TO LENDER`S APPROVAL SOLD AS IS SELLER WILL NOT PROVIDE SURVEY OR TERMITE INSPECTION BUYER IS RESPONSIBLE FOR ANY AND ALL INSPECTIONS COMPLIANCES OR ESCROWS IF NEEDED ...

17. 2011-10-22
    listed $60,000 New 365-char remark

    Show marketing remark (365 chars)

    PERFECT COZY HOME IDEAL FOR THE FIRST TIME BUYER EXCELENT OPPORTUNITY FOR THIS BEATIFUL 3 BEDROOM RANCH OVER .33 ACRE LOT AND FINISHED BASEMENT WITH WET BAR AND 2 CAR GARAGE SHORE SALE SUBJECT TO LENDER`S APPROVAL SOLD AS IS SELLER WILL NOT PROVIDE SURVEY OR TERMITE INSPECTION BUYER IS RESPONSIBLE FOR ANY AND ALL INSPECTIONS COMPLIANCES OR ESCROWS IF NEEDED ...

18. 2011-10-02
    historical
19. 2011-09-20
    price Price Change
20. 2011-08-29
    price Price Change
21. 2011-08-08
    price
22. 2011-08-03
    price Price Change
23. 2011-07-14
    price Price Change
24. 2011-06-27
    price Price Change
25. 2011-06-14
    price Price Change
26. 2011-05-27
    price Price Change
27. 2011-04-01
    listed New
28. 2006-03-27
    soldstatus $135,500

ⓘ 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 · 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: $32,093
• − Mortgage interest: −$7,562
• − Property taxes: −$2,025
• − Insurance: −$675
• − Repairs & maintenance: −$2,567
• − Management: −$2,567
• − Depreciation: −$3,927
• Taxable income: $12,768
• Est. tax owed @ 24.0%: −$3,064
• After-tax cash flow: $11,093/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: 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

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
• City population: 10,980
• Population (ZIP): 10,980

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% Hispanic / Latino 17% White 11% Two or more races 4%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Romanian 1% Lithuanian 1% Iranian 1%
• Foreign-born: 8% · Canada
• Languages at home: 86% English-only · Spanish 14%

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

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

-0.4% since first listed

28 events — show timeline

• 2026-03-30 Relisted — MRED as Distributed by MLS Grid
• 2026-03-30 Price Changed $135,000 MRED as Distributed by MLS Grid
• 2026-03-16 Contingent — MRED as Distributed by MLS Grid
• 2026-03-04 Price Changed $145,000 MRED as Distributed by MLS Grid
• 2026-02-25 Listed $159,000 MRED as Distributed by MLS Grid
• 2022-11-10 Sold (Public Records) $135,000 Public Records
• 2022-10-27 Sold (MLS) $135,000 MRED as Distributed by MLS Grid
• 2022-09-14 Contingent — MRED as Distributed by MLS Grid
• 2022-09-09 Listed $120,000 MRED as Distributed by MLS Grid
• 2012-04-20 Sold (MLS) $36,000 MRED as Distributed by MLS Grid
• 2012-01-28 Contingent — MRED as Distributed by MLS Grid
• 2012-01-03 Price Changed $30,000 MRED as Distributed by MLS Grid
• 2011-12-16 Price Changed $40,000 MRED as Distributed by MLS Grid
• 2011-12-01 Price Changed $45,000 MRED as Distributed by MLS Grid
• 2011-11-17 Price Changed $50,000 MRED as Distributed by MLS Grid
• 2011-11-02 Price Changed $58,000 MRED as Distributed by MLS Grid
• 2011-10-22 Listed $60,000 MRED as Distributed by MLS Grid
• 2011-10-02 Listing Removed — MRED as Distributed by MLS Grid
• 2011-09-20 Price Changed — MRED as Distributed by MLS Grid
• 2011-08-29 Price Changed — MRED as Distributed by MLS Grid
• 2011-08-08 Price Changed — MRED as Distributed by MLS Grid
• 2011-08-03 Price Changed — MRED as Distributed by MLS Grid
• 2011-07-14 Price Changed — MRED as Distributed by MLS Grid
• 2011-06-27 Price Changed — MRED as Distributed by MLS Grid
• 2011-06-14 Price Changed — MRED as Distributed by MLS Grid
• 2011-05-27 Price Changed — MRED as Distributed by MLS Grid
• 2011-04-01 Listed — MRED as Distributed by MLS Grid
• 2006-03-27 Sold (Public Records) $135,500 Public Records

Property tax history

+5.8%/yr

Latest (2023): $8,089 · +261.7% YoY. Source: county tax records.