18 E Rocket Cir · Park Forest, IL 60466

$153,000

3 bd · 1.5 ba · 1,170 sqft · SingleFamily public records · 71 Days on market

Built 1955 9,321 sqft lot Est $146k · at est.

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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 +23.7/30.0
• 1% rule +9.0/10.0
• DSCR +7.6/10.0
• ARV discount +5.4/15.0
• 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

Welcome home to this beautifully updated, move-in ready 3 bedroom/1 and a half bath ranch home offering comfort, convenience, and peace of mind. Experience easy, single-level living with an open layout and plenty of natural light throughout, plus an attached, heated garage. Enjoy peace of mind for years to come as all major items have been recently updated: HVAC replaced in 2022, new roof in 2020, windows replaced in 2006, new electric with breaker panel in 2022, water heater 2021, newer stainless steel kitchen appliances, newer washer and dryer. Step outside to the spacious, private, peaceful backyard-perfect for entertaining, gardening, or simply relaxing. Fantastic location - close to

Key facts

• Private backyard
• Open layout
• Single-level living

Tags

• SINGLE-LEVEL LIVING
• OPEN LAYOUT
• ATTACHED HEATED GARAGE
• PRIVATE BACKYARD
• CLOSE TO CENTRAL PARK
• CONVENIENT ACCESS TO I-57

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $153k.

Deal economics

• At list price, monthly cash flow is $292 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $153k).
• Recommended offer: $144k (6.0% 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; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 42% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($144k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $119k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.2% of price; built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $143,820 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 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 1955 — 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 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?
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: 1.40% ✓
• Cap rate: 8.59%
• Cash-on-cash: 8.19%
• DSCR: 1.36
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $146,250
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
433 Lakewood Blvd	0.16mi	3/1.5	1,248 (+7%)	2mo	$165,000	$132	80
131 Sauk Trl	0.39mi	3/1.0	1,148 (-2%)	2mo	$144,000	$125	75
308 Minocqua St	0.48mi	3/1.0	1,148 (-2%)	1mo	$139,000	$121	72
251 Westwood Dr	0.36mi	3/2.0	1,248 (+7%)	2mo	$217,000	$174	69
210 Marquette St	0.36mi	3/1.0	1,269 (+8%)	1mo	$153,000	$121	67
223 Miami St	0.66mi	3/1.0	1,162 (-1%)	1mo	$166,000	$143	65
306 Winnebago St	0.56mi	3/2.0	1,088 (-7%)	3mo	$105,000	$97	58
360 Niagara St	0.68mi	3/1.0	1,231 (+5%)	0mo	$150,000	$122	57
356 Wilshire St	0.65mi	3/1.5	1,248 (+7%)	2mo	$50,000	$40	57
314 Windsor St	0.47mi	3/1.0	1,014 (-13%)	2mo	$141,000	$139	52
208 Miami St	0.66mi	3/1.5	1,053 (-10%)	2mo	$175,000	$166	51
254 Blackhawk Dr	0.72mi	2/1.0 (-1)	1,000 (-14%)	2mo	$105,000	$105	34

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: -3.7%
• Equity multiple: 0.86×
• Total profit: $-5,937
• Equity at exit: $22,813

10-year hold

• IRR: 6.2%
• Equity multiple: 1.46×
• Total profit: $19,777
• Equity at exit: $13,229

Cash invested: $42,840 (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: 6.0×

Monthly cashflow live

• Estimated rent: $2,137 high
• Mortgage (P&I): −$802
• Tax from tax record: −$530 /mo · $6,358/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $292

Break-even live

Break-even rent $1,767

Max offer price $153,000

Occupancy floor 81%

Sensitivity live

Price	-10% $379	-5% $336	+0% $292	+5% $249	+10% $206
Rent	-10% $123	-5% $208	+0% $292	+5% $377	+10% $461
Rate	-1.0pp $369	-0.5pp $331	base $292	+0.5pp $253	+1.0pp $212

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: $38,250
• Closing costs: $4,590
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
372 Oswego St Park Forest, IL	4.0	1.0	1200	$2,600	$2.17	25d	1	0.57mi
11 Fir St Park Forest, IL	1.0–3.0	1.0	1026	$2,069	$2.02	0d	1	0.60mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,995	$1.94	0d	11	0.65mi
411 Huron St Park Forest, IL	3.0	1.0	1092	$2,200	$2.01	0d	1	0.79mi
400 Watseka St Park Forest, IL	4.0	2.0	1161	$2,161	$1.86	17d	1	0.82mi
111 Nashua St Park Forest, IL	4.0	1.5	1500	$2,500	$1.67	25d	1	0.83mi
277 Somonauk St Park Forest, IL	3.0	1.0	966	$2,000	$2.07	4d	1	0.97mi
490 Shabbona Dr Park Forest, IL	3.0	1.0	1300	$1,895	$1.46	4d	1	1.16mi
194 Monee Rd Park Forest, IL	3.0	1.0	1092	$1,971	$1.80	23d	1	1.17mi
23439 Western Ave Unit C29 Park Forest, IL	2.0	2.0	975	$1,570	$1.61	0d	1	1.22mi
4014 Euclid Ln Richton Park, IL	2.0	1.0	1100	$2,100	$1.91	23d	1	1.26mi
4014 Euclid Ln Richton Park, IL	3.0	1.0	1100	$2,100	$1.91	13d	1	1.26mi
4014 Euclid Ln Richton Park, IL	2.0	1.0	1100	$2,100	$1.91	8d	1	1.26mi
3905 Tower Dr Richton Park, IL	1.0–2.0	1.0–2.0	905	$1,795	$1.98	0d	19	1.27mi
235 Tampa St Park Forest, IL	3.0	1.0	1092	$2,000	$1.83	25d	1	1.30mi
631 Andover St Chicago Heights, IL	3.0	1.0	900	$1,450	$1.61	4d	1	1.32mi

Listing history 12 events

1. 2026-04-27
   status Pending
2. 2026-04-21
   status Active
3. 2026-04-17
   status Pending
4. 2026-04-11
   price $153,000
5. 2026-02-12
   listed $155,000 Active
6. 2025-10-16
   historical Contingent - Continue to Show
7. 2025-10-16
   historical
8. 2025-10-03
   listed Active
9. 2006-01-18
   soldstatus $119,000
10. 1998-07-01
    soldstatus $86,500
11. 1985-07-01
    soldstatus $53,900
12. 1979-11-06
    soldstatus $47,500

ⓘ 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: $6,358 · $530/mo
• Projected year-2 tax: $6,358 · $530/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 · 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: $25,643
• − Mortgage interest: −$8,570
• − Property taxes: −$6,358
• − Insurance: −$765
• − Repairs & maintenance: −$2,051
• − Management: −$2,051
• − Depreciation: −$4,451
• Taxable income: $1,396
• Est. tax owed @ 24.0%: −$335
• After-tax cash flow: $3,172/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

+222.1% since first listed

12 events — show timeline

• 2026-04-27 Pending — MRED as Distributed by MLS Grid
• 2026-04-21 Relisted — MRED as Distributed by MLS Grid
• 2026-04-17 Pending — MRED as Distributed by MLS Grid
• 2026-04-11 Price Changed $153,000 MRED as Distributed by MLS Grid
• 2026-02-12 Listed $155,000 MRED as Distributed by MLS Grid
• 2025-10-16 Contingent — MRED as Distributed by MLS Grid
• 2025-10-16 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-03 Listed — MRED as Distributed by MLS Grid
• 2006-01-18 Sold (Public Records) $119,000 Public Records
• 1998-07-01 Sold (Public Records) $86,500 Public Records
• 1985-07-01 Sold (Public Records) $53,900 Public Records
• 1979-11-06 Sold (Public Records) $47,500 Public Records

Property tax history

+2.9%/yr

Latest (2023): $6,358 · +91.4% YoY. Source: county tax records.