319 Indianwood Blvd · Park Forest, IL 60466

$169,900

3 bd · 1.0 ba · 1,219 sqft · SingleFamily public records · 120 Days on market

Built 1951 7,865 sqft lot Est $177k · at est.

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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 +29.4/30.0
• DSCR +10.0/10.0
• ARV discount +9.2/15.0
• 1% rule +8.3/10.0
• 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 MLS

Beautifully renovated 3 bed 1 bath ranch home in Park Forest. Walk into the living room with brand new vinyl plank flooring, freshly painted walls, brick fireplace, and built-in shelving. Kitchen has white shaker cabinetry with a breakfast bar with seating, modern hardware, quartz countertops, tile backsplash, and newer SS appliances. There are 3 good sized bedrooms and a full bath with modern tilework as flooring and in the shower. Enclosed porch off the back of the house with the laundry/utility room attached with washer/dryer. HUGE fully fenced in backyard with plenty of entertaining space, great for summer BBQ's. Schedule your showing today!

Key facts

• Bright kitchen
• Large picture window
• Inviting living room

Tags

• RENOVATED RANCH
• INVITING LIVING ROOM
• LARGE PICTURE WINDOW
• COZY WOOD BURNING FIREPLACE
• TRENDY GRAY LAMINATE FLOORING
• BRIGHT KITCHEN

Property features AI

Finance

• Other: Parcel number 31363020070000
• HOA & community: No master association fee required

Exterior

• Parking: Attached tandem garage (1 garage space, 1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story layout; Fee simple ownership; Rehab completed in 2022; Built approximately 71–80 years ago; School bus, commuter bus and commuter train access; nearby interstate access
• Construction: Frame construction; Asphalt roof; Built before 1978
• Exterior features: Chain-link fenced yard; Lot dimensions approximately 65 x 121; Lot under 0.25 acre

Interior

• Kitchen: Kitchen on the main level, approximately 19 x 11
• Bedrooms: 3 bedrooms (all on the main level); Master bedroom on the main level, approximately 12 x 11; Second bedroom on the main level, approximately 10 x 10; Third bedroom on the main level, approximately 10 x 9; Heated sun room on the main level, approximately 10 x 9
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Wood-burning fireplace in the family room
• Interior features: Seven total rooms; Pull-down stair attic
• Laundry & utility: Main-level laundry room, approximately 10 x 8

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $605 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $155k (9.0% 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; 15 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 44% 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $48k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $145k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $154,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% 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: 1.33% ✓
• Cap rate: 10.57%
• Cash-on-cash: 15.26%
• DSCR: 1.68
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $176,755
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
360 Niagara St	0.23mi	3/1.0	1,231 (+1%)	0mo	$150,000	$122	87
210 Marquette St	0.13mi	3/1.0	1,269 (+4%)	1mo	$153,000	$121	86
223 Miami St	0.34mi	3/1.0	1,162 (-5%)	1mo	$166,000	$143	76
308 Minocqua St	0.50mi	3/1.0	1,148 (-6%)	1mo	$139,000	$121	66
140 Nashua St	0.46mi	3/1.0	1,313 (+8%)	1mo	$103,000	$78	64
410 Indianwood Blvd	0.44mi	3/1.0	1,100 (-10%)	0mo	$135,000	$123	63
251 Westwood Dr	0.66mi	3/2.0	1,248 (+2%)	2mo	$217,000	$174	60
425 Neosho St	0.49mi	3/1.0	1,092 (-10%)	1mo	$169,900	$156	59
5 Oak Ln	0.66mi	3/2.0	1,171 (-4%)	2mo	$170,000	$145	58
434 Shabbona Dr	0.69mi	3/1.0	1,092 (-10%)	0mo	$177,900	$163	50
181 Nanti St	0.68mi	3/1.0	1,092 (-10%)	1mo	$179,999	$165	50
107 Chestnut St	0.74mi	4/2.5 (+1)	1,383 (+14%)	1mo	$215,000	$155	31

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: 6.0%
• Equity multiple: 1.23×
• Total profit: $11,044
• Equity at exit: $25,333

10-year hold

• IRR: 15.4%
• Equity multiple: 2.25×
• Total profit: $59,384
• Equity at exit: $14,690

Cash invested: $47,572 (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: 6.3×

Monthly cashflow live

• Estimated rent: $2,252 high
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,548/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $605

Break-even live

Break-even rent $1,486

Max offer price $169,900

Occupancy floor 68%

Sensitivity live

Price	-10% $723	-5% $664	+0% $605	+5% $546	+10% $488
Rent	-10% $427	-5% $516	+0% $605	+5% $694	+10% $783
Rate	-1.0pp $691	-0.5pp $648	base $605	+0.5pp $561	+1.0pp $516

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 15 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	0.16mi
111 Nashua St Park Forest, IL	4.0	1.5	1500	$2,500	$1.67	25d	1	0.41mi
411 Huron St Park Forest, IL	3.0	1.0	1092	$2,200	$2.01	0d	1	0.47mi
277 Somonauk St Park Forest, IL	3.0	1.0	966	$2,000	$2.07	4d	1	0.69mi
194 Monee Rd Park Forest, IL	3.0	1.0	1092	$1,971	$1.80	23d	1	0.78mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,995	$1.94	0d	11	0.78mi
490 Shabbona Dr Park Forest, IL	3.0	1.0	1300	$1,895	$1.46	4d	1	0.83mi
11 Fir St Park Forest, IL	1.0–3.0	1.0	1026	$2,069	$2.02	0d	1	0.86mi
235 Tampa St Park Forest, IL	3.0	1.0	1092	$2,000	$1.83	25d	1	0.94mi
23439 Western Ave Unit C29 Park Forest, IL	2.0	2.0	975	$1,570	$1.61	2d	1	0.94mi
400 Watseka St Park Forest, IL	4.0	2.0	1161	$2,161	$1.86	17d	1	1.12mi
3905 Tower Dr Richton Park, IL	1.0–2.0	1.0–2.0	905	$1,795	$1.98	0d	19	1.44mi
4014 Euclid Ln Richton Park, IL	2.0	1.0	1100	$2,100	$1.91	8d	1	1.49mi
4014 Euclid Ln Richton Park, IL	2.0	1.0	1100	$2,100	$1.91	23d	1	1.49mi
4014 Euclid Ln Richton Park, IL	3.0	1.0	1100	$2,100	$1.91	13d	1	1.49mi

Listing history 30 events

1. 2026-06-09
   days on market $169,900 Active 120 DOM
2. 2026-06-08
   days on market $169,900 Active 119 DOM
3. 2026-06-07
   days on market $169,900 Active 118 DOM
4. 2026-06-04
   days on market $169,900 Active 115 DOM
5. 2026-06-03
   days on market $169,900 Active 114 DOM
6. 2026-06-02
   days on market $169,900 Active 113 DOM
7. 2026-06-01
   days on market $169,900 Active 112 DOM
8. 2026-05-31
   days on market $169,900 Active 111 DOM
9. 2026-05-21
   price $169,900
10. 2026-04-07
    price $174,900
11. 2026-02-09
    listed $179,900 Active
12. 2024-08-20
    soldstatus $145,000
13. 2024-07-11
    soldstatus $145,000 Closed 658-char remark

    Show marketing remark (658 chars)

    Beautifully renovated 3 bed 1 bath ranch home in Park Forest. Walk into the living room with brand new vinyl plank flooring, freshly painted walls, brick fireplace, and built-in shelving. Kitchen has white shaker cabinetry with a breakfast bar with seating, modern hardware, quartz countertops, tile backsplash, and newer SS appliances. There are 3 good sized bedrooms and a full bath with modern tilework as flooring and in the shower. Enclosed porch off the back of the house with the laundry/utility room attached with washer/dryer. HUGE fully fenced in backyard with plenty of entertaining space, great for summer BBQ's. Schedule your showing today!

14. 2024-06-10
    historical Contingent - No Showings 658-char remark

    Show marketing remark (658 chars)

    Beautifully renovated 3 bed 1 bath ranch home in Park Forest. Walk into the living room with brand new vinyl plank flooring, freshly painted walls, brick fireplace, and built-in shelving. Kitchen has white shaker cabinetry with a breakfast bar with seating, modern hardware, quartz countertops, tile backsplash, and newer SS appliances. There are 3 good sized bedrooms and a full bath with modern tilework as flooring and in the shower. Enclosed porch off the back of the house with the laundry/utility room attached with washer/dryer. HUGE fully fenced in backyard with plenty of entertaining space, great for summer BBQ's. Schedule your showing today!

15. 2024-05-22
    listed $149,900 Active 658-char remark

    Show marketing remark (658 chars)

    Beautifully renovated 3 bed 1 bath ranch home in Park Forest. Walk into the living room with brand new vinyl plank flooring, freshly painted walls, brick fireplace, and built-in shelving. Kitchen has white shaker cabinetry with a breakfast bar with seating, modern hardware, quartz countertops, tile backsplash, and newer SS appliances. There are 3 good sized bedrooms and a full bath with modern tilework as flooring and in the shower. Enclosed porch off the back of the house with the laundry/utility room attached with washer/dryer. HUGE fully fenced in backyard with plenty of entertaining space, great for summer BBQ's. Schedule your showing today!

16. 2024-02-27
    historical
17. 2023-10-19
    status Active
18. 2023-08-09
    historical Contingent - Continue to Show
19. 2023-07-24
    status Active
20. 2023-06-28
    historical Contingent - Continue to Show
21. 2023-06-09
    listed Active
22. 2019-06-28
    soldstatus $48,000
23. 2019-06-20
    soldstatus $48,000 Closed Sale
24. 2019-05-24
    historical Contingent
25. 2019-05-13
    listed $53,900 New
26. 2016-02-18
    soldstatus $30,604 Closed Sale
27. 2016-01-19
    historical
28. 2015-12-29
    listed $31,800
29. 1996-05-02
    soldstatus $67,500
30. 1986-05-01
    soldstatus $53,000

ⓘ 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: $27,027
• − Mortgage interest: −$9,517
• − Property taxes: −$2,548
• − Insurance: −$850
• − Repairs & maintenance: −$2,162
• − Management: −$2,162
• − Depreciation: −$4,943
• Taxable income: $4,845
• Est. tax owed @ 24.0%: −$1,163
• After-tax cash flow: $6,099/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

+220.6% since first listed

22 events — show timeline

• 2026-05-21 Price Changed $169,900 MRED as Distributed by MLS Grid
• 2026-04-07 Price Changed $174,900 MRED as Distributed by MLS Grid
• 2026-02-09 Listed $179,900 MRED as Distributed by MLS Grid
• 2024-08-20 Sold (Public Records) $145,000 Public Records
• 2024-07-11 Sold (MLS) $145,000 MRED as Distributed by MLS Grid
• 2024-06-10 Contingent — MRED as Distributed by MLS Grid
• 2024-05-22 Listed $149,900 MRED as Distributed by MLS Grid
• 2024-02-27 Listing Removed — MRED as Distributed by MLS Grid
• 2023-10-19 Relisted — MRED as Distributed by MLS Grid
• 2023-08-09 Contingent — MRED as Distributed by MLS Grid
• 2023-07-24 Relisted — MRED as Distributed by MLS Grid
• 2023-06-28 Contingent — MRED as Distributed by MLS Grid
• 2023-06-09 Listed — MRED as Distributed by MLS Grid
• 2019-06-28 Sold (Public Records) $48,000 Public Records
• 2019-06-20 Sold (MLS) $48,000 MRED as Distributed by MLS Grid
• 2019-05-24 Contingent — MRED as Distributed by MLS Grid
• 2019-05-13 Listed $53,900 MRED as Distributed by MLS Grid
• 2016-02-18 Sold (MLS) $30,604 MRED as Distributed by MLS Grid
• 2016-01-19 Listing Removed — MRED as Distributed by MLS Grid
• 2015-12-29 Listed $31,800 MRED as Distributed by MLS Grid
• 1996-05-02 Sold (Public Records) $67,500 Public Records
• 1986-05-01 Sold (Public Records) $53,000 Public Records

Property tax history

+5.5%/yr

Latest (2023): $8,975 · +8.6% YoY. Source: county tax records.