17654 Pennsylvania Ct #207 · Orland Park, IL 60467

$320,000

2 bd · 2.0 ba · 1,400 sqft · Condo · 12 Days on market

Built 1998 $198/mo HOA · 5% of rent

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Why this score? — see what drove the C 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 +21.9/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +6.9/10.0
• 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

Cute as a button and meticulously maintained, this RANCH style, 2 bedroom, 2 full bathroom townhome in the Eagle Ridge subdivision of Orland Park is ready for its next owners! If you love the idea of maintenance free living, the convenience of everything on one level and a home that is move in ready, this home is for you! Fresh paint and beautiful new plush carpeting gave this home a refresh in 2022. For your piece of mind, the kitchen welcomed new stainless steel appliances including: fridge, oven and dishwasher . A new hot water heater, washer and dryer were also installed in 2022. In addition to style and comfort, this home also offers ample storage, as both bedrooms have double closets, the kitchen includes a pantry, there are 2 hall closets, and bathroom closets as well. Outside, the 2 1/2 car garage is equipped with a water spigot, has exterior access, and a pull down attic for additional storage space. Conveniently located away from the hustle and bustle of Orland Mall with easy access to I-355, I-80 this home is a winner!

Key facts

• Functional kitchen
• Bright open layout
• Abundant cabinetry

Tags

• BRIGHT OPEN LAYOUT
• NEW LUXURY VINYL FLOORING
• SPACIOUS LIVING DINING AREAS
• FUNCTIONAL KITCHEN
• ABUNDANT CABINETRY
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Three units in the building; Not currently leased; Approximate total finished area reported as 1,400
• HOA & community: Monthly association fee of $198; Association covers exterior maintenance, lawn care, scavenger service, and snow removal; Self-managed community; Pets allowed (cats and dogs OK), max pet weight ~60 lbs

Exterior

• Parking: Attached garage with garage door opener; Garage owned (2.5 garage spaces total and 2.5 total parking)
• Utilities: Lake Michigan and public water; Public sewer
• Home design: Attached single property (Condo/Townhouse - ranch style); Single-level entry (Entry level 1); Condo ownership
• Construction: Brick construction; Asphalt roof; Approximately 26-30 years old; Crawl space basement
• Exterior features: Common-dimension lot; Park access via association; Commuter bus and train access; interstate access; school bus service

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Disposal; Stainless steel appliances; Eating area with table space and pantry/closet
• Bedrooms: Master bedroom on main level with full shower-only bath (14 x 15); Second bedroom on main level (13 x 13); Two additional bedroom spaces listed
• Flooring: Vinyl flooring in foyer, kitchen, living room, dining room, laundry, bedrooms, and master bedroom; Carpet in other areas
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: First-floor bedroom and full bath; Separate L-shaped dining room; Five total rooms; Window screens and window treatments; CO detectors and ceiling fan(s); Humidifier; Lawn sprinkler
• Laundry & utility: Main-level laundry with washer hookup, dryer, and laundry sink; In-unit washer and dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $320k.

Deal economics

• At list price, monthly cash flow is $505 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $320k).
• Cap rate 8.2% 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.
• 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: 119 active listings in the ZIP; 1 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 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Recommended offer $320,000

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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.19% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.76%
• DSCR: 1.30
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.78×
• Total profit: $-19,470
• Equity at exit: $47,713

10-year hold

• IRR: 3.9%
• Equity multiple: 1.28×
• Total profit: $25,391
• Equity at exit: $27,668

Cash invested: $89,600 (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: 119
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $3,800 medium
• Mortgage (P&I): −$1,678
• Tax from tax record: −$488 /mo · $5,853/yr
• Insurance: −$133
• HOA: −$198
• Vacancy / Maint / Mgmt: −$798
• Net cashflow: $505

Break-even live

Break-even rent $3,161

Max offer price $320,000

Occupancy floor 82%

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 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	3d	1	1.45mi

HOA detail condo

• Monthly dues: $198 · $2,376/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-03
   statusdays on market $320,000 Pending 12 DOM
2. 2026-06-02
   days on market $320,000 Active 11 DOM
3. 2026-06-01
   days on market $320,000 Active 10 DOM
4. 2026-05-31
   days on market $320,000 Active 9 DOM
5. 2026-05-22
   listed $320,000 Active
6. 2025-03-28
   soldstatus $320,000
7. 2025-03-26
   soldstatus $320,000 Closed 1050-char remark

   Show marketing remark (1050 chars)

   Cute as a button and meticulously maintained, this RANCH style, 2 bedroom, 2 full bathroom townhome in the Eagle Ridge subdivision of Orland Park is ready for its next owners! If you love the idea of maintenance free living, the convenience of everything on one level and a home that is move in ready, this home is for you! Fresh paint and beautiful new plush carpeting gave this home a refresh in 2022. For your piece of mind, the kitchen welcomed new stainless steel appliances including: fridge, oven and dishwasher . A new hot water heater, washer and dryer were also installed in 2022. In addition to style and comfort, this home also offers ample storage, as both bedrooms have double closets, the kitchen includes a pantry, there are 2 hall closets, and bathroom closets as well. Outside, the 2 1/2 car garage is equipped with a water spigot, has exterior access, and a pull down attic for additional storage space. Conveniently located away from the hustle and bustle of Orland Mall with easy access to I-355, I-80 this home is a winner!

8. 2025-02-25
   historical Contingent - Continue to Show 1050-char remark

   Show marketing remark (1050 chars)

   Cute as a button and meticulously maintained, this RANCH style, 2 bedroom, 2 full bathroom townhome in the Eagle Ridge subdivision of Orland Park is ready for its next owners! If you love the idea of maintenance free living, the convenience of everything on one level and a home that is move in ready, this home is for you! Fresh paint and beautiful new plush carpeting gave this home a refresh in 2022. For your piece of mind, the kitchen welcomed new stainless steel appliances including: fridge, oven and dishwasher . A new hot water heater, washer and dryer were also installed in 2022. In addition to style and comfort, this home also offers ample storage, as both bedrooms have double closets, the kitchen includes a pantry, there are 2 hall closets, and bathroom closets as well. Outside, the 2 1/2 car garage is equipped with a water spigot, has exterior access, and a pull down attic for additional storage space. Conveniently located away from the hustle and bustle of Orland Mall with easy access to I-355, I-80 this home is a winner!

9. 2025-02-20
   listed $325,000 Active 1050-char remark

   Show marketing remark (1050 chars)

   Cute as a button and meticulously maintained, this RANCH style, 2 bedroom, 2 full bathroom townhome in the Eagle Ridge subdivision of Orland Park is ready for its next owners! If you love the idea of maintenance free living, the convenience of everything on one level and a home that is move in ready, this home is for you! Fresh paint and beautiful new plush carpeting gave this home a refresh in 2022. For your piece of mind, the kitchen welcomed new stainless steel appliances including: fridge, oven and dishwasher . A new hot water heater, washer and dryer were also installed in 2022. In addition to style and comfort, this home also offers ample storage, as both bedrooms have double closets, the kitchen includes a pantry, there are 2 hall closets, and bathroom closets as well. Outside, the 2 1/2 car garage is equipped with a water spigot, has exterior access, and a pull down attic for additional storage space. Conveniently located away from the hustle and bustle of Orland Mall with easy access to I-355, I-80 this home is a winner!

10. 2022-05-10
    soldstatus $240,000
11. 2003-11-21
    soldstatus $185,000
12. 1998-06-01
    soldstatus $172,900

ⓘ 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: $5,853 · $488/mo
• Projected year-2 tax: $6,559 · $547/mo
• Expected delta: +$705/yr (+$59/mo · 12.1%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,600
• − Mortgage interest: −$17,925
• − Property taxes: −$5,853
• − Insurance: −$1,600
• − Repairs & maintenance: −$3,648
• − Management: −$3,648
• − HOA: −$2,376
• − Depreciation: −$9,309
• Taxable income: $1,241
• Est. tax owed @ 24.0%: −$298
• After-tax cash flow: $5,760/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: 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

• Census place: Orland Park, IL
• 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

+85.1% since first listed

8 events — show timeline

• 2026-05-22 Listed $320,000 MRED as Distributed by MLS Grid
• 2025-03-28 Sold (Public Records) $320,000 Public Records
• 2025-03-26 Sold (MLS) $320,000 MRED as Distributed by MLS Grid
• 2025-02-25 Contingent — MRED as Distributed by MLS Grid
• 2025-02-20 Listed $325,000 MRED as Distributed by MLS Grid
• 2022-05-10 Sold (Public Records) $240,000 Public Records
• 2003-11-21 Sold (Public Records) $185,000 Public Records
• 1998-06-01 Sold (Public Records) $172,900 Public Records

Property tax history

+4.6%/yr

Latest (2023): $5,853 · +77.4% YoY. Source: county tax records.