1722 N 36th Ave · Stone Park, IL 60165

$179,000

3 bd · 1.0 ba · 924 sqft · SingleFamily · 43 Days on market

Built 1949 Fair condition Est $251k · 29% under

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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 +16.5/30.0
• ARV discount +15.0/15.0
• Appreciation +8.3/10.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +1.4/10.0

Listing remarks

Multiple Offers!! Highest and Best Monday (4/27) 8am! Attention investors - this is the value-add opportunity you've been waiting for. This 3-bedroom Stone Park home needs full renovation, making it perfect for a flip, BRRRR strategy, or long-term rental in a high demand area. Sitting on a manageable lot near North Ave, Mannheim Rd, and major transit, the location supports strong rental comps and fast resale movement. Surrounded by neighborhood parks, local retail, and community amenities, the property is served by Bellwood District 88 and Proviso Township District 209 schools. With renovated homes in the area trading quickly and inventory remaining tight, this property offers serious upsid

Key facts

• Built 1949
• Listed 43 days

Property features AI

Finance

• Other: Property located in Stone Park (Leyden Township); Directions: North Ave, west of Mannheim, to 36th Ave, south to property; Listing holds earnest money; possession at closing
• HOA & community: No master association fee required

Exterior

• Utilities: Water source: Lake Michigan; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership; Built before 1978 (71–80 years old)
• Construction: Frame construction
• Exterior features: Lot roughly 30 x 126; Less than 1/4 acre lot

Interior

• Kitchen: Kitchen on main level (approx. 9 x 10)
• Bedrooms: 3 bedrooms (master on main); Two additional bedrooms on second floor (each about 8 x 10)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Window air conditioning units
• Interior features: 6 total rooms; Unfinished full basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $179k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $39 ($465/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 $170k (5.1% below list).
• Recommended offer: $170k (5.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 82/100 on livability (#68 in IL, #1,121 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities D+, health & safety D+.
• Proviso Twp Hsd 209 (suburban): math 12% / reading 17% proficiency, ranked #507 of 620 in IL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Grant Elem School (301 students, 0% FRL); Roosevelt Middle School (695 students, 0% FRL); Proviso West High School (math 6% / reading 11%, grade F, #584 of 693 statewide, top 85%, 1,868 students, 0% FRL).
• Market conditions: 7 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 27d 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

• In year one you build about $13k of equity ($1k loan paydown + $12k appreciation (6.7% local appreciation)).
• At projected returns (6.7% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,905 (5.1% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-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: 0.95% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.52%
• DSCR: 1.11
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $251,328
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1722 N 36th Ave	0.00mi	3/1.0	924 (0%)	0mo	$170,000	$184	100
1528 N 39th Ave	0.44mi	3/1.0	924 (0%)	0mo	$320,000	$346	79
1813 N 40th Ave	0.25mi	2/1.0 (-1)	888 (-4%)	14mo	$150,000	$169	65
401 E Lemoyne St	0.54mi	2/1.0 (-1)	896 (-3%)	2mo	$130,000	$145	63
1502 N 35th Ave	0.30mi	2/1.0 (-1)	1,031 (+12%)	1mo	$280,000	$272	61
1404 N 36th Ave	0.36mi	4/2.0 (+1)	1,012 (+10%)	0mo	$350,000	$346	58
420 Morse Dr	0.42mi	3/2.0	1,036 (+12%)	22mo	$315,000	$304	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.65% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.7%
• Equity multiple: 2.22×
• Total profit: $61,144
• Equity at exit: $119,897

10-year hold

• IRR: 17.1%
• Equity multiple: 4.52×
• Total profit: $176,497
• Equity at exit: $224,091

Cash invested: $50,120 (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 60165

• Home prices YoY: 2.4%
• Active inventory: 7
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,699 high
• Mortgage (P&I): −$939
• Tax est. 1.5%: −$224 /mo · $2,685/yr
• Insurance: −$75
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $39

Break-even live

Break-even rent $1,650

Max offer price $179,000

Occupancy floor 93%

Sensitivity live

Price	-10% $162	-5% $101	+0% $39	+5% $-23	+10% $-85
Rent	-10% $-95	-5% $-28	+0% $39	+5% $106	+10% $173
Rate	-1.0pp $129	-0.5pp $84	base $39	+0.5pp $-8	+1.0pp $-55

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1971 N 19th Ave Apt 6 Melrose Park, IL	2.0	1.0	800	$1,700	$2.12	26d	1	1.16mi
1973 N 18th Ave Melrose Park, IL	2.0	1.0	1000	$1,750	$1.75	26d	1	1.23mi
12 23rd Ave Melrose Park, IL	2.0	1.0	850	$1,775	$2.09	22d	1	1.28mi
12 23rd Ave Melrose Park, IL	2.0	1.0	850	$1,775	$2.09	14d	1	1.28mi
3108 Saint Charles Rd Unit 2B Bellwood, IL	2.0	1.0	750	$1,550	$2.07	26d	1	1.30mi
2069 N 18th Ave Unit 1 Melrose Park, IL	2.0	1.0	800	$1,595	$1.99	26d	1	1.32mi
1419 N 16th Ave Melrose Park, IL	2.0	1.0	1000	$1,650	$1.65	0d	1	1.33mi
312 23rd Ave Unit 2 Bellwood, IL	2.0	1.0	850	$1,775	$2.09	22d	1	1.49mi

Listing history 4 events

1. 2026-05-21
   status Pending
2. 2026-04-21
   status Active
3. 2026-04-17
   historical Contingent - Continue to Show
4. 2026-04-08
   listed $179,000 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 8/10 Severe FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,389
• − Mortgage interest: −$10,027
• − Property taxes: −$2,685
• − Insurance: −$1,692
• − Repairs & maintenance: −$1,631
• − Management: −$1,631
• − Depreciation: −$5,207
• Taxable loss: −$2,485
• Est. tax savings @ 24.0%: +$596
• After-tax cash flow: $1,062/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.

Condition & rehab AI · 12 photos

Fair 45/100 Extensive rehab

This 3-bedroom Stone Park home requires extensive renovation to bring it up to modern standards, but the location and demand make it a valuable investment opportunity.

Repairs flagged

• Major kitchen appliances — need to replace old, inefficient units
• Major bathroom fixtures — need to replace old, inefficient units
• Major flooring — need to replace damaged hardwoods
• Major interior walls — need to repair and paint peeling paint
• Major exterior siding — need to replace weathered siding
• Major windows — need to replace old, single-pane windows
• Major HVAC units — need to replace old, inefficient units

Value-add opportunities

• Both kitchen renovation — modern kitchen will attract buyers and renters
• Both bathroom renovation — modern bathroom will attract buyers and renters
• Both HVAC upgrade — modern HVAC will improve comfort and energy efficiency
• Both exterior siding and windows — modern exterior will improve curb appeal and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen appliances · need to replace old, inefficient units	Major	$15,000–50,000
bathroom fixtures · need to replace old, inefficient units	Major	$15,000–50,000
flooring · need to replace damaged hardwoods	Major	$15,000–50,000
interior walls · need to repair and paint peeling paint	Major	$15,000–50,000
exterior siding · need to replace weathered siding	Major	$15,000–50,000
windows · need to replace old, single-pane windows	Major	$15,000–50,000
HVAC units · need to replace old, inefficient units	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Both kitchen renovation — modern kitchen will attract buyers and renters ↑
• Both bathroom renovation — modern bathroom will attract buyers and renters ↑
• Both HVAC upgrade — modern HVAC will improve comfort and energy efficiency ↑
• Both exterior siding and windows — modern exterior will improve curb appeal and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Proviso Twp Hsd 209
• NCES district ID: 1732910
• Math proficiency: 12% ▼ -4.00%
• Reading proficiency: 17% ▼ -3.00%
• Median HH income: $51,744
• Composite: 13.5/100
• National rank: #9518
• State rank: #507 of 620 in IL

Livability — Stone Park

• Score: 82/100
• State rank: #68
• US rank: #1121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stone Park, IL
• City population: 4,504
• Population (ZIP): 4,504

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 Hispanic (93%)
• Race & ethnicity: Hispanic / Latino 93% Two or more races 28% White 4% Native American 2% Black 2%
• Hispanic origin (detail): Mexican 85% Puerto Rican 5%
• Foreign-born: 41% · Canada
• Languages at home: 16% English-only · Spanish 82% Other Asian/Pacific 2%

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: ▲ 6.65%
• Current HPI: 282.2554
• 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

4 events — show timeline

• 2026-05-21 Pending — MRED as Distributed by MLS Grid
• 2026-04-21 Relisted — MRED as Distributed by MLS Grid
• 2026-04-17 Contingent — MRED as Distributed by MLS Grid
• 2026-04-08 Listed $179,000 MRED as Distributed by MLS Grid