1020 Park Ave · Ford Heights, IL 60411

$80,000

3 bd · 1.0 ba · 1,113 sqft · SingleFamily public records · 141 Days on market

Built 1962 Est $157k · 49% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Whether you're a seasoned investor or purchasing your first rental property, 1020 Park Lane is the opportunity you've been waiting for! This 3-bedroom, 1-bath single-family home is occupied by a long-term tenant who wishes to stay, providing immediate and reliable cash flow from day one. The tenant pays all utilities-including water and trash through the village-keeping your operating expenses low. The home is being sold as-is, making this a straightforward, hassle-free addition to any portfolio. Secure a property that's already generating income and positioned for long-term stability. Add this high-performing investment to your portfolio today!

Key facts

• Parking
• Built 1962
• Listed 140 days

Property features AI

Finance

• Other: Ownership: Fee simple
• Financial info: Property currently leased
• HOA & community: No required master association fee

Exterior

• Parking: One parking space; Side driveway and driveway access
• Utilities: Water: Lake Michigan and public; Sewer: Public sewer; Electric: Circuit breakers
• Home design: Detached single-family home; Single-story / main living on one level; Built approximately 61-70 years ago; Originally built before 1978
• Construction: Aluminum siding; Asphalt roof; Built prior to 1978
• Exterior features: Sidewalks; Street lights; Paved street; Lot less than 0.25 acre

Interior

• Kitchen: Eating area / table space (14 x 9); Range; Refrigerator
• Bedrooms: Three bedrooms on main level (Master: 10 x 12; Bedroom 2: 9 x 13; Bedroom 3: 10 x 9); Additional room listed as 'Other Room' on main level (9 x 9)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Six total rooms; Dining area combined with living room; Some photos virtually staged
• Laundry & utility: Laundry area in kitchen; Gas dryer hookup

🏷️ Possibly a rental listed for sale. The $80,000 price doesn't fit this home's estimated sale value (~$156,933) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $834 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#685 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, crime A-; Watch: amenities F, employment F, health & safety F.
• Bloom Twp Hsd 206 (suburban): math 8% / reading 9% proficiency, ranked #591 of 620 in IL (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Bloom High School (math 7% / reading 8%, grade F, #589 of 693 statewide, top 86%, 1,737 students, 0% FRL).
• Market conditions: Rents rising fast (+6.5%/yr); 222 active listings in the ZIP; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 37% 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 $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.5% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $16k; list at $80k implies a 400% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 141 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 2.38% ✓
• Cap rate: 18.81%
• Cash-on-cash: 44.69%
• DSCR: 2.99
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $156,933
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1023 Cottage Grove Ave	0.03mi	3/1.0	1,113 (0%)	12mo	$110,000	$99	89
1124 Seeley Ave	0.16mi	2/1.0 (-1)	1,146 (+3%)	7mo	$35,000	$31	77
1126 Seeley Ave	0.15mi	3/1.0	1,202 (+8%)	24mo	$95,000	$79	60
1444 Park Ln	0.59mi	4/1.5 (+1)	1,100 (-1%)	11mo	$155,000	$141	54
1403 15th St	0.73mi	3/2.0	1,144 (+3%)	6mo	$138,000	$121	52
1449 Park Ln	0.61mi	4/1.5 (+1)	1,150 (+3%)	11mo	$172,000	$150	50
1529 Ambassador Ln	0.67mi	4/2.0 (+1)	1,000 (-10%)	10mo	$152,000	$152	34
20436 Langston St	0.72mi	4/1.0 (+1)	1,260 (+13%)	13mo	$325,000	$258	29

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 · 6.48% rent growth · sell at horizon

5-year hold

• IRR: 46.0%
• Equity multiple: 3.11×
• Total profit: $47,159
• Equity at exit: $11,928

10-year hold

• IRR: 53.4%
• Equity multiple: 7.26×
• Total profit: $140,261
• Equity at exit: $6,917

Cash invested: $22,400 (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 60411

• Home prices YoY: -33.9%
• Rents YoY: 6.5%
• Active inventory: 222
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,902 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$215 /mo · $2,582/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $834

Break-even live

Break-even rent $846

Max offer price $80,000

Occupancy floor 51%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $80,000 Active 141 DOM
2. 2026-06-17
   days on market $80,000 Active 140 DOM
3. 2026-06-16
   days on market $80,000 Active 139 DOM
4. 2026-06-15
   days on market $80,000 Active 138 DOM
5. 2026-06-13
   days on market $80,000 Active 136 DOM
6. 2026-06-13
   days on market $80,000 Active 135 DOM
7. 2026-06-09
   days on market $80,000 Active 132 DOM
8. 2026-06-08
   days on market $80,000 Active 131 DOM
9. 2026-06-07
   days on market $80,000 Active 130 DOM
10. 2026-06-04
    days on market $80,000 Active 127 DOM
11. 2026-06-03
    days on market $80,000 Active 126 DOM
12. 2026-06-02
    days on market $80,000 Active 125 DOM
13. 2026-06-01
    days on market $80,000 Active 124 DOM
14. 2026-05-31
    days on market $80,000 Active 123 DOM
15. 2026-01-28
    listed $80,000 Active
16. 1995-01-12
    soldstatus $16,000
17. 1986-09-17
    soldstatus $29,900

ⓘ 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: $2,582 · $215/mo
• Projected year-2 tax: $2,582 · $215/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,819
• − Mortgage interest: −$4,481
• − Property taxes: −$2,582
• − Insurance: −$400
• − Repairs & maintenance: −$1,825
• − Management: −$1,825
• − Depreciation: −$2,327
• Taxable income: $9,378
• Est. tax owed @ 24.0%: −$2,251
• After-tax cash flow: $7,760/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: Bloom Twp Hsd 206
• NCES district ID: 1706420
• Math proficiency: 8% ▼ -3.00%
• Reading proficiency: 9% ▼ -8.00%
• Median HH income: $39,795
• Composite: 7.4/100
• National rank: #9952
• State rank: #591 of 620 in IL

Livability — Ford Heights

• Score: 64/100
• State rank: #685
• US rank: #13999

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ford Heights, IL
• County: Cook County · 4,486,803 people
• City population: 52,175
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 52,175
• Household income: $62,073
• Rent vs Own: 34.8% rent · 65.2% own
• Severe rent burden: 1714.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 49% Hispanic / Latino 26% White 19% Two or more races 11%
• Hispanic origin (detail): Mexican 22% Puerto Rican 2%
• Common ancestry: Romanian 4% Portuguese 1% Lithuanian 1%
• Foreign-born: 12% · Canada
• Languages at home: 76% English-only · Spanish 21% Russian/Polish/Slavic 1% Other Indo-European 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: ▼ -108.75%
• Current HPI: 212.4058
• Rent YoY: ▲ 6.48%
• 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

+167.6% since first listed

3 events — show timeline

• 2026-01-28 Listed $80,000 MRED as Distributed by MLS Grid
• 1995-01-12 Sold (Public Records) $16,000 Public Records
• 1986-09-17 Sold (Public Records) $29,900 Public Records

Property tax history

+1.3%/yr

Latest (2023): $2,582 · +14.2% YoY. Source: county tax records.