62 Marquette St · Park Forest, IL 60466

$108,500

4 bd · 1.5 ba · 1,867 sqft · SingleFamily public records · 89 Days on market

Built 1951 Est $183k · 41% under ↓ 17% since listing

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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
• 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

See the potential ranch style single family home in Park Forest. This home offers 4 bedrooms and 2 bathrooms. It has a nicely sized kitchen and a large family room with a fireplace. Plenty of off street parking. There is a deck that looks out on to a nicely sized back yard. HUD Case #138-159694. FHA Insurability Code:IE, subject to appraisal. This home is owned by the US Dept. of HUD. This home is being sold "AS IS". Seller makes no representations or warranties as to property condition nor room sizes. Equal Housing Opportunity.

Key facts

• Nicely sized kitchen
• Large family room
• Off street parking

Tags

• RANCH STYLE
• NICELY SIZED KITCHEN
• LARGE FAMILY ROOM
• FIREPLACE
• OFF STREET PARKING
• DECK

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Single-story
• Construction: Brick construction; Built 71-80 years ago; Built before 1978
• Exterior features: Lot smaller than 0.25 acre; Lot dimensions: 7,488 sq ft

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: 4 bedrooms (all on the main level); Master bedroom on the main level
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating
• Interior features: 8 total rooms; School bus service available
• Laundry & utility: Main-level laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $108k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $108k).
• Recommended offer: $102k (6.0% below list) — sets the bar for market timing.
• Cap rate 20.4% vs local median 9.5% in Park Forest — 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 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: 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.
• Zoned schools: Michelle Obama Sch of Technology (484 students, 0% FRL).
• Market conditions: 106 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 12d 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 $2,563/mo this rent would consume 50% 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 $750 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $30k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 5y ago; this cycle's ask has dropped $34k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $101,990 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — 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 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?
6. 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.
7. 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.
8. 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: 2.36% ✓
• Cap rate: 20.39%
• Cash-on-cash: 50.36%
• DSCR: 3.24
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $182,966
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
356 Osage St	0.26mi	4/2.0	1,875 (+0%)	6mo	$70,000	$37	80
320 Oakwood St	0.13mi	5/2.5 (+1)	1,932 (+4%)	4mo	$190,000	$98	76
339 Onarga St	0.14mi	5/2.0 (+1)	1,898 (+2%)	12mo	$55,000	$29	74
9 Apple Ln	0.24mi	4/2.5	1,937 (+4%)	8mo	$189,900	$98	72
64 Marquette St	0.01mi	4/2.0	1,689 (-10%)	15mo	$232,000	$137	69
356 S Orchard Dr	0.32mi	3/2.5 (-1)	1,811 (-3%)	3mo	$185,000	$102	68
7 Nassau Ct	0.42mi	4/2.0	1,968 (+5%)	2mo	$235,000	$119	68
105 Marquette St	0.18mi	3/2.0 (-1)	1,769 (-5%)	10mo	$208,000	$118	67
123 Peach St	0.38mi	4/2.5	1,778 (-5%)	8mo	$150,000	$84	64
28 W Rocket Cir	0.66mi	4/2.0	1,905 (+2%)	2mo	$140,000	$73	62
336 Indianwood Blvd	0.46mi	3/1.5 (-1)	1,784 (-4%)	6mo	$190,000	$107	61
336 Oakwood St	0.18mi	4/2.0	2,083 (+12%)	14mo	$90,000	$43	59

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: 48.1%
• Equity multiple: 3.10×
• Total profit: $63,666
• Equity at exit: $16,178

10-year hold

• IRR: 53.7%
• Equity multiple: 6.27×
• Total profit: $160,166
• Equity at exit: $9,381

Cash invested: $30,380 (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: 3.5×

Monthly cashflow live

• Estimated rent: $2,563 high
• Mortgage (P&I): −$569
• Tax est. 1.5%: −$136 /mo · $1,628/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$538
• Net cashflow: $1,275

Break-even live

Break-even rent $949

Max offer price $108,500

Occupancy floor 45%

Sensitivity live

Price	-10% $1,350	-5% $1,313	+0% $1,275	+5% $1,238	+10% $1,200
Rent	-10% $1,073	-5% $1,174	+0% $1,275	+5% $1,376	+10% $1,478
Rate	-1.0pp $1,330	-0.5pp $1,303	base $1,275	+0.5pp $1,247	+1.0pp $1,218

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: $27,125
• Closing costs: $3,255
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
336 Oakwood St Park Forest, IL	3.0	2.0	2083	$2,800	$1.34	12d	1	0.15mi
19 Apple Ln Park Forest, IL	3.0	1.0	1541	$2,300	$1.49	14d	1	0.19mi
111 Nashua St Park Forest, IL	4.0	1.5	1500	$2,500	$1.67	26d	1	0.45mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,995	$1.94	0d	11	0.64mi
11 Fir St Park Forest, IL	1.0–3.0	1.0	1026	$2,069	$2.02	0d	1	0.82mi
441 Talala St Park Forest, IL	4.0	2.0	1740	$2,500	$1.44	26d	1	0.90mi
490 Shabbona Dr Park Forest, IL	3.0	1.0	1300	$1,895	$1.46	5d	1	1.06mi

Listing history 44 events

1. 2026-06-21
   days on market $108,500 Active 89 DOM
2. 2026-06-18
   days on market $108,500 Active 86 DOM
3. 2026-06-17
   days on market $108,500 Active 85 DOM
4. 2026-06-16
   days on market $108,500 Active 84 DOM
5. 2026-06-15
   days on market $108,500 Active 83 DOM
6. 2026-06-13
   days on market $108,500 Active 81 DOM
7. 2026-06-10
   price $108,500 Active 77 DOM
8. 2026-06-09
   days on market $120,500 Active 77 DOM
9. 2026-06-08
   days on market $120,500 Active 76 DOM
10. 2026-06-07
    days on market $120,500 Active 75 DOM
11. 2026-06-04
    days on market $120,500 Active 72 DOM
12. 2026-06-03
    days on market $120,500 Active 71 DOM
13. 2026-06-02
    days on market $120,500 Active 70 DOM
14. 2026-06-01
    days on market $120,500 Active 69 DOM
15. 2026-05-31
    days on market $120,500 Active 68 DOM
16. 2026-05-05
    price $120,500
17. 2026-03-23
    listed $142,000 Active
18. 2026-02-26
    historical
19. 2025-10-21
    price
20. 2025-10-10
    listed Active
21. 2024-07-23
    historical
22. 2024-05-04
    status Active
23. 2024-04-30
    historical
24. 2024-03-04
    price
25. 2024-01-22
    status Active
26. 2024-01-18
    historical
27. 2024-01-08
    price
28. 2023-09-20
    price
29. 2023-09-20
    status Temporarily No Showings
30. 2023-09-20
    historical
31. 2023-09-19
    status Temporarily No Showings
32. 2023-09-10
    historical
33. 2023-09-10
    status Temporarily No Showings
34. 2023-09-07
    historical
35. 2023-08-22
    price
36. 2023-06-21
    listed Active
37. 2022-04-15
    soldstatus $160,000
38. 2022-04-12
    soldstatus $160,000 Closed
39. 2022-02-15
    historical Contingent - No Showings
40. 2022-02-11
    status Active Under Contract (Do Not Show)
41. 2022-02-10
    status Active Under Contract
42. 2022-02-05
    status Active
43. 2021-12-12
    status Active Under Contract
44. 2021-12-09
    listed $144,900 Active

ⓘ 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: $30,758
• − Mortgage interest: −$6,078
• − Property taxes: −$1,628
• − Insurance: −$542
• − Repairs & maintenance: −$2,461
• − Management: −$2,461
• − Depreciation: −$3,156
• Taxable income: $14,432
• Est. tax owed @ 24.0%: −$3,464
• After-tax cash flow: $11,837/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

-16.8% since first listed

29 events — show timeline

• 2026-05-05 Price Changed $120,500 MRED as Distributed by MLS Grid
• 2026-03-23 Listed $142,000 MRED as Distributed by MLS Grid
• 2026-02-26 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-21 Price Changed — MRED as Distributed by MLS Grid
• 2025-10-10 Listed — MRED as Distributed by MLS Grid
• 2024-07-23 Listing Removed — MRED as Distributed by MLS Grid
• 2024-05-04 Relisted — MRED as Distributed by MLS Grid
• 2024-04-30 Listing Removed — MRED as Distributed by MLS Grid
• 2024-03-04 Price Changed — MRED as Distributed by MLS Grid
• 2024-01-22 Relisted — MRED as Distributed by MLS Grid
• 2024-01-18 Listing Removed — MRED as Distributed by MLS Grid
• 2024-01-08 Price Changed — MRED as Distributed by MLS Grid
• 2023-09-20 Price Changed — MRED as Distributed by MLS Grid
• 2023-09-20 Relisted — MRED as Distributed by MLS Grid
• 2023-09-20 Listing Removed — MRED as Distributed by MLS Grid
• 2023-09-19 Relisted — MRED as Distributed by MLS Grid
• 2023-09-10 Listing Removed — MRED as Distributed by MLS Grid
• 2023-09-10 Relisted — MRED as Distributed by MLS Grid
• 2023-09-07 Listing Removed — MRED as Distributed by MLS Grid
• 2023-08-22 Price Changed — MRED as Distributed by MLS Grid
• 2023-06-21 Listed — MRED as Distributed by MLS Grid
• 2022-04-15 Sold (Public Records) $160,000 Public Records
• 2022-04-12 Sold (MLS) $160,000 MRED as Distributed by MLS Grid
• 2022-02-15 Contingent — MRED as Distributed by MLS Grid
• 2022-02-11 Pending — MRED as Distributed by MLS Grid
• 2022-02-10 Pending — MRED as Distributed by MLS Grid
• 2022-02-05 Relisted — MRED as Distributed by MLS Grid
• 2021-12-12 Pending — MRED as Distributed by MLS Grid
• 2021-12-09 Listed $144,900 MRED as Distributed by MLS Grid

Property tax history

+11.0%/yr

Latest (2023): $11,712 · +0.7% YoY. Source: county tax records.