11139 Ravengate Ct · Orland Park, IL 60467

$339,000

2 bd · 1.5 ba · 1,406 sqft · Townhouse public records · 4 Days on market

Built 1996 2,250 sqft lot Est $333k · at est. $220/mo HOA · 6% of rent

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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).

• Cash flow +18.5/30.0
• ARV discount +6.7/15.0
• 1% rule +6.0/10.0
• DSCR +5.8/10.0
• Livability +4.2/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

STUNNING 2 BEDROOM TOWNHOME WITH FULL BASEMENT AND ATTACHED GARAGE IN ALPINE HEIGHTS. THIS END UNIT FEATURES VAULTED CEILINGS AND OPEN FLOOR PLAN WITH DRAMATIC STAIRCASE TO SECOND LEVEL. OWNER HAS UPDATED WITH PROFESSIONAL PAINT, NEW FLOORING, A/C, HOT WATER HEATER AND SO MUCH MORE. KITCHEN WITH WHITE CABINETRY AND STAINLESS STEEL APPLIANCES OPENS TO EATING AREA AND SLIDING GLASS DOOR LEAD TO PATIO. FIRST FLOOR LAUNDRY AND POWDER ROOM. UPSTAIRS MASTER BEDROOM WITH WALK IN CLOSET. 2ND BEDROOM HAS TWO CLOSETS. FULL UNFINISHED BASEMENT. THIS END UNIT IS READY TO JUST MOVE IN! A MUST SEE! CLOSE TO HIGHWAY, SHOPPING AND MANY AREA RESTAURANTS.

Key facts

• Open floor plan
• End unit
• Walk-in closet

Tags

• END UNIT
• EXTRA WINDOWS
• SOARING VAULTED CEILINGS
• OPEN FLOOR PLAN
• PRIVATE PATIO
• WALK-IN CLOSET

Property features AI

Finance

• Other: Living area source: Appraiser; Possession at closing; Parcel number available
• Financial info: Special service area: No
• HOA & community: Monthly association fee of $220; HOA covers insurance, exterior maintenance, lawn care, and snow removal; Manager off-site; Pets allowed (cats and dogs), max pet weight ~40 lbs

Exterior

• Parking: Attached garage (garage owned) with garage door opener; Asphalt driveway; Two parking spaces total (2-car garage)
• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Attached single property; Townhouse — 2 story; Entry level: 1; Unincorporated location in the Alpine Heights subdivision; School bus service available
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Building approximately 26–30 years old; Six units in the building
• Exterior features: Patio

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Disposal; Eating area/table space
• Bedrooms: Master bedroom on second level (15 x 14) with carpet; Second bedroom on second level (15 x 13) with carpet
• Flooring: Carpet in bedrooms; Other flooring in living, dining, kitchen and laundry areas
• Bathrooms: One full bath; One half bath
• Heating & cooling: Natural gas heating with forced air; Central air conditioning
• Interior features: Five total rooms; All windows have window treatments; Ceiling fan(s); Sump pump
• Laundry & utility: Laundry room on main level (6 x 6); Washer and dryer included; Gas dryer hookup; In-unit laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $339k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $339k).
• Cap rate 7.4% vs local median 4.3% in Orland Park — 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 85/100 on livability (#29 in IL, #529 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+.
• Cons Hsd 230 (suburban): math 35% / reading 39% proficiency, ranked #146 of 620 in IL (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 118 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 17y ago 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.
• Current owner paid $195k; list at $339k implies a 74% gain — meaningful room to come down on a strong offer.

Recommended offer $339,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.10% ✓
• Cap rate: 7.43%
• Cash-on-cash: 4.05%
• DSCR: 1.18
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $333,222
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11138 Aquinas Ct	0.10mi	3/2.5 (+1)	1,406 (0%)	1mo	$333,000	$237	86
11132 Aquinas Ct	0.10mi	2/1.5	1,406 (0%)	20mo	$334,000	$238	79
16464 Nottingham Ct #19	0.43mi	2/2.0	1,200 (-15%)	8mo	$267,000	$223	47
10935 Barbs Way	0.52mi	3/3.0 (+1)	1,486 (+6%)	11mo	$390,000	$262	46
10937 Saffron Ct	0.48mi	3/3.0 (+1)	1,549 (+10%)	9mo	$349,000	$225	43
16712 Sheridans Trl	0.53mi	2/3.0	1,528 (+9%)	21mo	$360,000	$236	37

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: -9.9%
• Equity multiple: 0.64×
• Total profit: $-34,279
• Equity at exit: $50,546

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-2,623
• Equity at exit: $29,311

Cash invested: $94,920 (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 60467

• Home prices YoY: -30.4%
• Active inventory: 118
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $3,726 medium
• Mortgage (P&I): −$1,778
• Tax from tax record: −$484 /mo · $5,803/yr
• Insurance: −$141
• HOA: −$220
• Vacancy / Maint / Mgmt: −$782
• Net cashflow: $321

Break-even live

Break-even rent $3,320

Max offer price $339,000

Occupancy floor 86%

Sensitivity live

Price	-10% $513	-5% $417	+0% $321	+5% $225	+10% $129
Rent	-10% $26	-5% $174	+0% $321	+5% $468	+10% $615
Rate	-1.0pp $491	-0.5pp $407	base $321	+0.5pp $233	+1.0pp $143

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: $84,750
• Closing costs: $10,170
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16527 Orange Ave Orland Park, IL	3.0	3.5	1870	$3,800	$2.03	5d	1	0.11mi
11251 158th St Orland Park, IL	3.0	2.5	1175	$3,200	$2.72	0d	1	0.86mi

HOA detail

• Monthly dues: $220 · $2,640/yr
• Likely covers: water

Listing history 3 events

1. 2026-06-21
   days on market $339,000 Active 4 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $339,000 Active 1 DOM

ⓘ 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: $5,803 · $484/mo
• Projected year-2 tax: $6,749 · $562/mo
• Expected delta: +$946/yr (+$79/mo · 16.3%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,708
• − Mortgage interest: −$18,989
• − Property taxes: −$5,803
• − Insurance: −$1,695
• − Repairs & maintenance: −$3,577
• − Management: −$3,577
• − HOA: −$2,640
• − Depreciation: −$9,862
• Taxable loss: −$1,434
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $4,193/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: Cons Hsd 230
• NCES district ID: 1708400
• Math proficiency: 35% ▼ -8.00%
• Reading proficiency: 39% ▼ -6.00%
• Median HH income: $73,953
• Composite: 34.29/100
• National rank: #5244
• State rank: #146 of 620 in IL

Livability — Orland Park

• Score: 85/100
• State rank: #29
• US rank: #529

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 41,456
• Population (ZIP): 24,952

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 White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 6% Asian 5% Two or more races 4% Black 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 15% Armenian 2% Iranian 2%
• Foreign-born: 14% · Canada, South Korea, China
• Languages at home: 78% English-only · Arabic 9% Russian/Polish/Slavic 4% Other Indo-European 4%

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: ▼ -82.13%
• Current HPI: 188.3676
• 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

+107.3% since first listed

14 events — show timeline

• 2026-06-17 Listed $339,000 MRED as Distributed by MLS Grid
• 2019-10-02 Sold (Public Records) $195,000 Public Records
• 2019-09-26 Sold (MLS) $195,000 MRED as Distributed by MLS Grid
• 2019-08-24 Contingent — MRED as Distributed by MLS Grid
• 2019-08-17 Price Changed $199,900 MRED as Distributed by MLS Grid
• 2019-08-01 Listed $204,900 MRED as Distributed by MLS Grid
• 2009-12-18 Sold (MLS) $165,000 MRED as Distributed by MLS Grid
• 2009-12-09 Pending — MRED as Distributed by MLS Grid
• 2009-12-09 Listing Removed — MRED as Distributed by MLS Grid
• 2009-11-20 Contingent — MRED as Distributed by MLS Grid
• 2009-11-06 Price Changed $179,900 MRED as Distributed by MLS Grid
• 2009-10-02 Listed $199,000 MRED as Distributed by MLS Grid
• 2006-07-12 Sold (Public Records) $275,000 Public Records
• 2001-05-10 Sold (Public Records) $163,500 Public Records

Property tax history

+1.9%/yr

Latest (2023): $5,803 · +1.3% YoY. Source: county tax records.