220 S Orchard Dr · Park Forest, IL 60466

$175,000

4 bd · 2.0 ba · 1,471 sqft · SingleFamily public records · 18 Days on market

Built 1951 Est $182k · 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 +29.6/30.0
• DSCR +10.0/10.0
• ARV discount +9.3/15.0
• 1% rule +8.3/10.0
• 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

Welcome to the Park Forest area!!! Investor dream or homeowner fixer upper!! Waiting for your TLC. Bring this home back to life with a full renovation. Three bedrooms, 2 full baths, kitchen, fire place in family room, laundry area, large family room and living room. Garage is detached, with enough space for 2nd car on driveway. Schedule your appointment today.

Key facts

• Updated electrical
• Fresh interior paint
• Updated hvac systems

Tags

• RENOVATED RANCH HOME
• WALKING DISTANCE TO DOWNTOWN
• FRESH INTERIOR PAINT
• UPDATED ELECTRICAL
• UPDATED PLUMBING
• UPDATED HVAC SYSTEMS

Property features AI

Finance

• Other: Living area listed as estimated; Parcel number available
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (garage owned); Side driveway; Total 1 parking space, 1 garage space
• Utilities: Water: Lake Michigan; Sewer: Public sewer
• Home design: Detached single-family home; One-story (single level); Fee simple ownership
• Construction: Brick construction; Asphalt roof; Concrete perimeter foundation; Built 71–80 years ago; Built before 1978
• Exterior features: Deck

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Stainless steel appliances
• Bedrooms: 3 bedrooms (all on main level) — Master 15 x 11; Bedroom 2: 12 x 11; Bedroom 3: 10 x 9
• Flooring: Wood laminate in living areas, kitchen, family room and laundry
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: First-floor bedroom; 7 total rooms; Laminate flooring throughout
• Laundry & utility: In-unit laundry on main level; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $633 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (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; 13 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).
• At $2,332/mo this rent would consume 45% of the median local household income ($62k/yr) (locally 900% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 $49k 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 ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 $52k; list at $175k implies a 237% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $172,375 (1.5% below list)

Questions for the listing agent

1. Built in 1951 — 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: 1.33% ✓
• Cap rate: 10.63%
• Cash-on-cash: 15.51%
• DSCR: 1.69
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $182,404
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
397 Oswego St	0.44mi	4/2.0	1,398 (-5%)	2mo	$199,000	$142	69
107 Chestnut St	0.44mi	4/2.5	1,383 (-6%)	1mo	$215,000	$155	66
364 Osage St	0.57mi	4/3.0	1,503 (+2%)	1mo	$245,000	$163	65
343 Osage St	0.51mi	3/1.0 (-1)	1,490 (+1%)	0mo	$185,000	$124	64
6 Monee Ct	0.65mi	3/1.5 (-1)	1,452 (-1%)	3mo	$120,000	$83	58
431 Lakewood Blvd	0.52mi	3/2.0 (-1)	1,419 (-4%)	8mo	$175,000	$123	58
287 Mohawk St	0.69mi	3/1.0 (-1)	1,408 (-4%)	1mo	$175,000	$124	51
210 Marquette St	0.37mi	3/1.0 (-1)	1,269 (-14%)	1mo	$153,000	$121	50
214 Marquette St	0.39mi	3/2.0 (-1)	1,271 (-14%)	7mo	$184,900	$145	48
230 Mantua St	0.65mi	3/1.5 (-1)	1,387 (-6%)	7mo	$230,000	$166	48
127 Blackhawk Dr	0.60mi	3/1.5 (-1)	1,296 (-12%)	3mo	$117,000	$90	43
289 Westwood Dr	0.66mi	3/1.5 (-1)	1,664 (+13%)	1mo	$95,102	$57	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: 6.3%
• Equity multiple: 1.24×
• Total profit: $12,005
• Equity at exit: $26,093

10-year hold

• IRR: 15.7%
• Equity multiple: 2.28×
• Total profit: $62,524
• Equity at exit: $15,131

Cash invested: $49,000 (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: 6.3×

Monthly cashflow live

• Estimated rent: $2,332 high
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $633

Break-even live

Break-even rent $1,531

Max offer price $175,000

Occupancy floor 68%

Sensitivity live

Price	-10% $754	-5% $694	+0% $633	+5% $573	+10% $512
Rent	-10% $449	-5% $541	+0% $633	+5% $725	+10% $817
Rate	-1.0pp $721	-0.5pp $678	base $633	+0.5pp $588	+1.0pp $542

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19 Apple Ln Park Forest, IL	3.0	1.0	1541	$2,300	$1.49	13d	1	0.33mi
372 Oswego St Park Forest, IL	4.0	1.0	1200	$2,600	$2.17	25d	1	0.38mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,995	$1.94	0d	11	0.49mi
11 Fir St Park Forest, IL	1.0–3.0	1.0	1026	$2,069	$2.02	0d	1	0.60mi
111 Nashua St Park Forest, IL	4.0	1.5	1500	$2,500	$1.67	25d	1	0.61mi
411 Huron St Park Forest, IL	3.0	1.0	1092	$2,200	$2.01	0d	1	0.76mi
277 Somonauk St Park Forest, IL	3.0	1.0	966	$2,000	$2.07	4d	1	0.98mi
441 Talala St Park Forest, IL	4.0	2.0	1740	$2,500	$1.44	25d	1	1.00mi
194 Monee Rd Park Forest, IL	3.0	1.0	1092	$1,971	$1.80	23d	1	1.02mi
490 Shabbona Dr Park Forest, IL	3.0	1.0	1300	$1,895	$1.46	4d	1	1.12mi
400 Watseka St Park Forest, IL	4.0	2.0	1161	$2,161	$1.86	17d	1	1.20mi
235 Tampa St Park Forest, IL	3.0	1.0	1092	$2,000	$1.83	25d	1	1.21mi
631 Andover St Chicago Heights, IL	3.0	1.0	900	$1,450	$1.61	5d	1	1.44mi

Listing history 11 events

1. 2026-06-21
   days on market $175,000 Active 18 DOM
2. 2026-06-18
   days on market $175,000 Active 15 DOM
3. 2026-06-17
   days on market $175,000 Active 14 DOM
4. 2026-06-16
   days on market $175,000 Active 13 DOM
5. 2026-06-15
   days on market $175,000 Active 12 DOM
6. 2026-06-13
   days on market $175,000 Active 10 DOM
7. 2026-06-09
   days on market $175,000 Active 6 DOM
8. 2026-06-08
   days on market $175,000 Active 5 DOM
9. 2026-06-07
   days on market $175,000 Active 4 DOM
10. 2026-06-04
    remarks 699-char remark
11. 2026-06-04
    listed $175,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $27,988
• − Mortgage interest: −$9,803
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$2,239
• − Management: −$2,239
• − Depreciation: −$5,091
• Taxable income: $5,116
• Est. tax owed @ 24.0%: −$1,228
• After-tax cash flow: $6,370/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

+337.5% since first listed

4 events — show timeline

• 2026-06-03 Listed $175,000 MRED as Distributed by MLS Grid
• 2023-10-12 Sold (MLS) $51,999 MRED as Distributed by MLS Grid
• 2023-08-28 Contingent — MRED as Distributed by MLS Grid
• 2023-08-06 Listed $39,999 MRED as Distributed by MLS Grid

Property tax history

+13.3%/yr

Latest (2023): $10,248 · +0.0% YoY. Source: county tax records.