16249 92nd Ave · Orland Hills, IL 60487

$250,000

3 bd · 1.5 ba · 965 sqft · SingleFamily public records · 80 Days on market

Built 1975 5,883 sqft lot Est $240k · at est.

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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 +13.4/30.0
• ARV discount +5.7/15.0
• 1% rule +4.4/10.0
• Livability +4.1/5.0
• DSCR +4.0/10.0
• 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

Welcome home to this beautifully updated 2-bedroom, 1.5-bath ranch in the heart of Orland Hills! Offering easy one-level living, this home is filled with thoughtful updates and functional spaces throughout. Major improvements include a brand-new roof, new chimney, new sliding glass door, along with a newer furnace, A/C, and sump pump-giving you peace of mind on the big-ticket items. The updated kitchen features newer appliances and flows seamlessly into the main living area, complete with newer flooring throughout for a clean, modern feel. Step outside to a fully fenced yard with a brand-new PVC fence-perfect for pets, entertaining, or simply relaxing. The garage is a true standout, featuring updated electrical, epoxy flooring, pull-down attic storage, and a dedicated workout/flex space complete with a sauna-your own private retreat at home. Additional attic storage in the home adds even more space for organization. Please note: property currently reflects no tax exemptions. Home is being sold as-is. A great combination of comfort, updates, and versatility-come take a look!

Key facts

• New furnace
• New sump pump
• New a/c

Tags

• UPDATED KITCHEN
• NEW FURNACE
• NEW A/C
• NEW SUMP PUMP
• NEW SLIDING GLASS DOOR
• FULLY FENCED YARD

Property features AI

Finance

• Other: Parcel number on record
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with garage door opener (2 garage spaces, 2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Built 51–60 years ago; Home built before 1978
• Construction: Aluminum siding; Assessor listed living area; Approximately 965 total finished square feet
• Exterior features: Fenced yard; Other exterior features

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms (both on the main level); Master bedroom on the main level
• Flooring: Laminate flooring in living room and bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Open floor plan; First-floor full bathroom; Pull-down attic stairs; Crawl space basement; Four total rooms
• Laundry & utility: Main-level laundry; Washer and dryer; Sump pump

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $4 ($44/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $236k (5.6% below list).
• Recommended offer: $235k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 82/100 on livability (#73 in IL, #1,211 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, crime A-; Watch: commute D.
• 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.
• Zoned schools: Carl Sandburg High School (math 41% / reading 45%, grade F, #72 of 693 statewide, top 10%, 2,894 students, 0% FRL).
• Market conditions: 53 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $8k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 19y 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 $148k; list at $250k implies a 69% gain — meaningful room to come down on a strong offer.

Recommended offer $235,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 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 1975 — 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. 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?
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: 0.94% ✗
• Cap rate: 6.31%
• Cash-on-cash: 0.06%
• DSCR: 1.00
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $240,285
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16249 92nd Ave	0.00mi	2/1.5 (-1)	965 (0%)	0mo	$261,000	$270	95
16231 92nd Ave	0.03mi	3/1.0	959 (-1%)	7mo	$219,000	$228	90
9156 W 161st Pl	0.16mi	3/1.0	959 (-1%)	4mo	$239,000	$249	86
9225 162nd St	0.11mi	3/1.0	966 (+0%)	8mo	$275,000	$285	86
16248 Haven Ave	0.03mi	3/1.0	959 (-1%)	14mo	$220,000	$229	84
16272 Haven Ave	0.05mi	3/1.0	959 (-1%)	14mo	$270,000	$282	83
16165 92nd Ave	0.13mi	4/1.5 (+1)	896 (-7%)	13mo	$315,000	$352	66
16738 Hilltop Ave	0.66mi	3/1.0	959 (-1%)	1mo	$236,000	$246	66
16753 Hilltop Ave	0.69mi	3/1.0	973 (+1%)	1mo	$220,000	$226	64
16753 91st Ave	0.68mi	3/1.5	959 (-1%)	7mo	$229,000	$239	61
16765 Haven Ave	0.69mi	3/1.0	936 (-3%)	1mo	$270,000	$288	60
16738 Hobart Ave	0.69mi	2/1.0 (-1)	959 (-1%)	5mo	$215,000	$224	55

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: -16.2%
• Equity multiple: 0.43×
• Total profit: $-40,160
• Equity at exit: $37,276

10-year hold

• IRR: -7.7%
• Equity multiple: 0.51×
• Total profit: $-34,192
• Equity at exit: $21,615

Cash invested: $70,000 (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 60487

• Active inventory: 53
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,361 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$446 /mo · $5,357/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$496
• Net cashflow: $4

Break-even live

Break-even rent $2,356

Max offer price $250,000

Occupancy floor 95%

Sensitivity live

Price	-10% $145	-5% $74	+0% $4	+5% $-67	+10% $-138
Rent	-10% $-183	-5% $-90	+0% $4	+5% $97	+10% $190
Rate	-1.0pp $130	-0.5pp $67	base $4	+0.5pp $-61	+1.0pp $-127

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15834 Orlan Brook Dr Unit 3E Orland Park, IL	2.0	1.0	1000	$1,800	$1.80	19d	1	0.82mi
16641 Liberty Cir Unit 2S Orland Park, IL	2.0	2.0	900	$2,650	$2.94	9d	1	1.04mi
15502 Orlan Brook Dr #222 Orland Park, IL	2.0	2.0	1069	$2,700	$2.53	26d	1	1.09mi
15502 Orlan Brook Dr #222 Orland Park, IL	2.0	2.0	1069	$2,500	$2.34	9d	1	1.09mi

Listing history 50 events

1. 2026-05-23
   status Pending
2. 2026-05-09
   status Pending 1090-char remark

   Show marketing remark (1090 chars)

   Welcome home to this beautifully updated 2-bedroom, 1.5-bath ranch in the heart of Orland Hills! Offering easy one-level living, this home is filled with thoughtful updates and functional spaces throughout. Major improvements include a brand-new roof, new chimney, new sliding glass door, along with a newer furnace, A/C, and sump pump-giving you peace of mind on the big-ticket items. The updated kitchen features newer appliances and flows seamlessly into the main living area, complete with newer flooring throughout for a clean, modern feel. Step outside to a fully fenced yard with a brand-new PVC fence-perfect for pets, entertaining, or simply relaxing. The garage is a true standout, featuring updated electrical, epoxy flooring, pull-down attic storage, and a dedicated workout/flex space complete with a sauna-your own private retreat at home. Additional attic storage in the home adds even more space for organization. Please note: property currently reflects no tax exemptions. Home is being sold as-is. A great combination of comfort, updates, and versatility-come take a look!

3. 2026-05-09
   historical Contingent - No Showings

   Show marketing remark (1090 chars)

   Welcome home to this beautifully updated 2-bedroom, 1.5-bath ranch in the heart of Orland Hills! Offering easy one-level living, this home is filled with thoughtful updates and functional spaces throughout. Major improvements include a brand-new roof, new chimney, new sliding glass door, along with a newer furnace, A/C, and sump pump-giving you peace of mind on the big-ticket items. The updated kitchen features newer appliances and flows seamlessly into the main living area, complete with newer flooring throughout for a clean, modern feel. Step outside to a fully fenced yard with a brand-new PVC fence-perfect for pets, entertaining, or simply relaxing. The garage is a true standout, featuring updated electrical, epoxy flooring, pull-down attic storage, and a dedicated workout/flex space complete with a sauna-your own private retreat at home. Additional attic storage in the home adds even more space for organization. Please note: property currently reflects no tax exemptions. Home is being sold as-is. A great combination of comfort, updates, and versatility-come take a look!

4. 2026-05-06
   listed $250,000 Active 1090-char remark

   Show marketing remark (1090 chars)

   Welcome home to this beautifully updated 2-bedroom, 1.5-bath ranch in the heart of Orland Hills! Offering easy one-level living, this home is filled with thoughtful updates and functional spaces throughout. Major improvements include a brand-new roof, new chimney, new sliding glass door, along with a newer furnace, A/C, and sump pump-giving you peace of mind on the big-ticket items. The updated kitchen features newer appliances and flows seamlessly into the main living area, complete with newer flooring throughout for a clean, modern feel. Step outside to a fully fenced yard with a brand-new PVC fence-perfect for pets, entertaining, or simply relaxing. The garage is a true standout, featuring updated electrical, epoxy flooring, pull-down attic storage, and a dedicated workout/flex space complete with a sauna-your own private retreat at home. Additional attic storage in the home adds even more space for organization. Please note: property currently reflects no tax exemptions. Home is being sold as-is. A great combination of comfort, updates, and versatility-come take a look!

5. 2026-03-26
   status Temporarily No Showings
6. 2026-03-07
   historical Contingent - No Showings
7. 2026-03-04
   listed $250,000 Active
8. 2020-09-25
   soldstatus $148,000
9. 2020-07-17
   soldstatus $149,999 Closed Sale 212-char remark

   Show marketing remark (212 chars)

   Best Bang for your Buck! 3bedroom converted to a 2 bedroom for Large Living Room/Dining Room. LOW TAXES! Why buy a condo when you an buy a house instead. HUGE PRICE REDUCTION THIS IS THE BEST DEAL IN ORLAND HILLS

10. 2020-05-16
    status Contingent (Do Not Show) 212-char remark

    Show marketing remark (212 chars)

    Best Bang for your Buck! 3bedroom converted to a 2 bedroom for Large Living Room/Dining Room. LOW TAXES! Why buy a condo when you an buy a house instead. HUGE PRICE REDUCTION THIS IS THE BEST DEAL IN ORLAND HILLS

11. 2020-04-24
    listed $149,999 New 212-char remark

    Show marketing remark (212 chars)

    Best Bang for your Buck! 3bedroom converted to a 2 bedroom for Large Living Room/Dining Room. LOW TAXES! Why buy a condo when you an buy a house instead. HUGE PRICE REDUCTION THIS IS THE BEST DEAL IN ORLAND HILLS

12. 2020-04-24
    historical

    Show marketing remark (212 chars)

    Best Bang for your Buck! 3bedroom converted to a 2 bedroom for Large Living Room/Dining Room. LOW TAXES! Why buy a condo when you an buy a house instead. HUGE PRICE REDUCTION THIS IS THE BEST DEAL IN ORLAND HILLS

13. 2020-03-25
    listed New
14. 2020-01-08
    historical
15. 2019-09-08
    listed New
16. 2018-10-31
    historical
17. 2018-09-15
    listed New
18. 2018-05-05
    historical
19. 2017-08-11
    listed New
20. 2017-07-25
    soldstatus $150,000
21. 2017-07-18
    soldstatus $149,800 Closed Sale
22. 2017-07-03
    historical Contingent
23. 2017-07-01
    price $164,900
24. 2017-06-24
    listed $174,900 New
25. 2011-05-27
    price Cancelled
26. 2011-05-27
    historical
27. 2011-03-11
    price Price Change
28. 2011-01-13
    price Price Change
29. 2010-10-30
    listed New
30. 2010-09-25
    historical
31. 2010-08-01
    price Price Change
32. 2010-06-16
    price Price Change
33. 2010-05-24
    price Price Change
34. 2010-05-08
    status Reactivated
35. 2010-04-06
    historical Contingent
36. 2010-03-24
    listed New
37. 2008-12-15
    soldstatus $155,000
38. 2008-12-09
    historical
39. 2008-12-08
    soldstatus $155,000 Closed Sale
40. 2008-11-07
    historical
41. 2008-08-24
    status
42. 2008-08-24
    historical
43. 2008-08-18
    price $165,900
44. 2008-08-11
    price $179,900
45. 2008-08-08
    listed $180,000
46. 2008-08-08
    historical
47. 2008-04-11
    listed
48. 2008-04-09
    historical
49. 2007-11-20
    listed
50. 2001-02-01
    soldstatus $114,000

ⓘ 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: $5,357 · $446/mo
• Projected year-2 tax: $5,516 · $460/mo
• Expected delta: +$159/yr (+$13/mo · 3.0%)

ⓘ 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 ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,333
• − Mortgage interest: −$14,004
• − Property taxes: −$5,357
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,267
• − Management: −$2,267
• − Depreciation: −$7,273
• Taxable loss: −$4,084
• Est. tax savings @ 24.0%: +$980
• After-tax cash flow: $1,024/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 Hills

• Score: 82/100
• State rank: #73
• US rank: #1211

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Orland Hills, IL
• Population (ZIP): 25,881

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Black 7% Two or more races 5% Asian 4%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Romanian 15% Iranian 2% Armenian 1%
• Foreign-born: 10% · Canada
• Languages at home: 82% English-only · Arabic 7% Spanish 3% Other Indo-European 3%

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: ▼ -129.80%
• Current HPI: 181.7726
• 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

+363.0% since first listed

52 events — show timeline

• 2026-05-23 Pending — MRED as Distributed by MLS Grid
• 2026-05-09 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-05-09 Contingent — MRED as Distributed by MLS Grid
• 2026-05-06 Listed $250,000 NIRA MLS as Distributed by MLS Grid
• 2026-03-26 Relisted — MRED as Distributed by MLS Grid
• 2026-03-07 Contingent — MRED as Distributed by MLS Grid
• 2026-03-04 Listed $250,000 MRED as Distributed by MLS Grid
• 2020-09-25 Sold (Public Records) $148,000 Public Records
• 2020-07-17 Sold (MLS) $149,999 MRED as Distributed by MLS Grid
• 2020-05-16 Pending — MRED as Distributed by MLS Grid
• 2020-04-24 Listing Removed — MRED as Distributed by MLS Grid
• 2020-04-24 Listed $149,999 MRED as Distributed by MLS Grid
• 2020-03-25 Listed — MRED as Distributed by MLS Grid
• 2020-01-08 Listing Removed — MRED as Distributed by MLS Grid
• 2019-09-08 Listed — MRED as Distributed by MLS Grid
• 2018-10-31 Listing Removed — MRED as Distributed by MLS Grid
• 2018-09-15 Listed — MRED as Distributed by MLS Grid
• 2018-05-05 Listing Removed — MRED as Distributed by MLS Grid
• 2017-08-11 Listed — MRED as Distributed by MLS Grid
• 2017-07-25 Sold (Public Records) $150,000 Public Records
• 2017-07-18 Sold (MLS) $149,800 MRED as Distributed by MLS Grid
• 2017-07-03 Contingent — MRED as Distributed by MLS Grid
• 2017-07-01 Price Changed $164,900 MRED as Distributed by MLS Grid
• 2017-06-24 Listed $174,900 MRED as Distributed by MLS Grid
• 2011-05-27 Listing Removed — MRED as Distributed by MLS Grid
• 2011-05-27 Price Changed — MRED as Distributed by MLS Grid
• 2011-03-11 Price Changed — MRED as Distributed by MLS Grid
• 2011-01-13 Price Changed — MRED as Distributed by MLS Grid
• 2010-10-30 Listed — MRED as Distributed by MLS Grid
• 2010-09-25 Listing Removed — MRED as Distributed by MLS Grid
• 2010-08-01 Price Changed — MRED as Distributed by MLS Grid
• 2010-06-16 Price Changed — MRED as Distributed by MLS Grid
• 2010-05-24 Price Changed — MRED as Distributed by MLS Grid
• 2010-05-08 Relisted — MRED as Distributed by MLS Grid
• 2010-04-06 Contingent — MRED as Distributed by MLS Grid
• 2010-03-24 Listed — MRED as Distributed by MLS Grid
• 2008-12-15 Sold (Public Records) $155,000 Public Records
• 2008-12-09 Listing Removed — MRED as Distributed by MLS Grid
• 2008-12-08 Sold (MLS) $155,000 MRED as Distributed by MLS Grid
• 2008-11-07 Contingent — MRED as Distributed by MLS Grid
• 2008-08-24 Relisted — MRED as Distributed by MLS Grid
• 2008-08-24 Listing Removed — MRED as Distributed by MLS Grid
• 2008-08-18 Price Changed $165,900 MRED as Distributed by MLS Grid
• 2008-08-11 Price Changed $179,900 MRED as Distributed by MLS Grid
• 2008-08-08 Listed $180,000 MRED as Distributed by MLS Grid
• 2008-08-08 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-11 Listed — MRED as Distributed by MLS Grid
• 2008-04-09 Listing Removed — MRED as Distributed by MLS Grid
• 2007-11-20 Listed — MRED as Distributed by MLS Grid
• 2001-02-01 Sold (Public Records) $114,000 Public Records
• 1987-09-02 Sold (Public Records) $58,000 Public Records
• 1979-10-03 Sold (Public Records) $54,000 Public Records

Property tax history

+2.8%/yr

Latest (2023): $5,357 · +24.2% YoY. Source: county tax records.