340 Sauk Trl · Park Forest, IL 60466

$180,000

4 bd · 1.5 ba · 1,819 sqft · SingleFamily public records · 68 Days on market

Built 1955 9,000 sqft lot Est $195k · 8% 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 +19.0/30.0
• ARV discount +10.9/15.0
• 1% rule +8.5/10.0
• DSCR +6.0/10.0
• 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

WELCOME TO 340 SAUK TRAIL, a 3 or 4-Bedroom, 2-Bath, Single-Level RANCH-STYLE home with many updates & improvements within the last 5 years: NEW ROOF ~ WINDOWS (except for Living Room) ~ NEW GUTTERS ~ NEW GARAGE OVERHEAD DOOR ~ PAINTED EXTERIOR ~ TWO (2) COMPLETELY REMODELED BATHROOMS ~ NEW RECESSED LIGHTING ~ ALL NEW VINYL PLANK FLOOR TILE ~ NEW CARPET IN BEDROOMS ~ NEW 2-PANEL DOORS ON THE BEDROOMS ~ NEW CLOSET DOORS ~ NEW REFRIGERATOR, RANGE, MICROWAVE and DISHWASHER ~ NEW KITCHEN BACKSPLASH ~ NEW COPPER LINES FROM C-BOX TO MAIN WATER LINE. ----- This Home offers a GREAT LAYOUT that is perfect for daily living and entertaining, and the VERSATILE FLOOR PLAN offers flexible options d

Key facts

• New gutters
• Painted exterior
• New roof

Tags

• NEW ROOF
• NEW WINDOWS
• NEW GUTTERS
• NEW GARAGE OVERHEAD DOOR
• PAINTED EXTERIOR
• COMPLETELY REMODELED BATHROOMS

Property features AI

Finance

• Other: Parcel number available; Some photos are virtually staged
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage (garage owned) with 2 garage spaces; Concrete driveway; Garage door opener
• Utilities: Water source: Lake Michigan; Sewer: Storm sewer; Electric and gas available
• Home design: Detached single-family home; One-story; Fee simple ownership; Built before 1978
• Construction: Brick and cedar exterior; Asphalt roof; Concrete perimeter foundation; Approximately 1,576 finished square feet; Estimated age: 71–80 years
• Exterior features: Park nearby; Curbs and sidewalks; Street lights; Paved streets; School bus service and commuter transit access

Interior

• Kitchen: Galley kitchen; Range; Microwave; Dishwasher; Refrigerator; Stainless steel appliances
• Bedrooms: 3 bedrooms (all on the main level); Primary bedroom on the main level with a full shower-only bath
• Flooring: Luxury vinyl in foyer, dining area, family room, kitchen, laundry and living room; Carpet in bedrooms and office
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced-air heating; Central air conditioning; Gas water heater; Ceiling fans
• Interior features: First-floor bedroom; First-floor full bathroom; Open floorplan; 8 total rooms
• Laundry & utility: Main-level laundry, in-unit

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $189 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 9.5% in Park Forest — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• At $2,432/mo this rent would consume 47% of the median local household income ($62k/yr) (locally 900% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 68 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 27 sale attempts since 14y 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 $24k; list at $180k implies a 666% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.8% of price; built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $169,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 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: 1.35% ✓
• Cap rate: 7.56%
• Cash-on-cash: 4.51%
• DSCR: 1.20
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $194,633
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 Wilson St	0.29mi	4/1.5	1,772 (-3%)	1mo	$68,000	$38	81
351 Waverly St	0.12mi	3/2.0 (-1)	1,671 (-8%)	0mo	$149,000	$89	74
289 Westwood Dr	0.20mi	3/1.5 (-1)	1,664 (-8%)	1mo	$95,102	$57	71
340 Sauk Trl	0.00mi	3/2.0 (-1)	1,576 (-13%)	1mo	$180,000	$114	70
28 W Rocket Cir	0.47mi	4/2.0	1,905 (+5%)	2mo	$140,000	$73	67
4 Lakewood Ct	0.15mi	4/2.0	1,556 (-14%)	2mo	$205,000	$132	65
409 Winnemac St	0.51mi	4/2.0	1,736 (-5%)	3mo	$229,900	$132	64
136 Willow St	0.45mi	3/2.0 (-1)	1,756 (-4%)	3mo	$215,000	$122	63
257 Miami St	0.46mi	5/2.0 (+1)	1,898 (+4%)	2mo	$190,000	$100	63
336 Indianwood Blvd	0.69mi	3/1.5 (-1)	1,784 (-2%)	6mo	$190,000	$107	54
505 Wildwood Dr	0.38mi	3/1.5 (-1)	2,028 (+12%)	5mo	$117,000	$58	54
22646 Lawndale Ave	0.61mi	3/2.0 (-1)	1,705 (-6%)	3mo	$316,600	$186	52

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: -9.1%
• Equity multiple: 0.67×
• Total profit: $-16,766
• Equity at exit: $26,839

10-year hold

• IRR: 0.6%
• Equity multiple: 1.05×
• Total profit: $2,302
• Equity at exit: $15,563

Cash invested: $50,400 (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: 6.2×

Monthly cashflow live

• Estimated rent: $2,432 high
• Mortgage (P&I): −$944
• Tax from tax record: −$713 /mo · $8,554/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$511
• Net cashflow: $189

Break-even live

Break-even rent $2,192

Max offer price $180,000

Occupancy floor 87%

Sensitivity live

Price	-10% $802	-5% $739	+0% $189	+5% $138	+10% $88
Rent	-10% $-3	-5% $93	+0% $189	+5% $285	+10% $382
Rate	-1.0pp $280	-0.5pp $235	base $189	+0.5pp $143	+1.0pp $95

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
111 Nashua St Park Forest, IL	4.0	1.5	1500	$2,500	$1.67	25d	1	1.04mi
490 Shabbona Dr Park Forest, IL	3.0	1.0	1300	$1,895	$1.46	4d	1	1.06mi
11 Fir St Park Forest, IL	1.0–3.0	1.0	1026	$2,069	$2.02	0d	1	1.08mi
441 Talala St Park Forest, IL	4.0	2.0	1740	$2,500	$1.44	25d	1	1.09mi
4200 Arlington Dr Richton Park, IL	3.0	2.0	1595	$2,061	$1.29	21d	1	1.11mi
336 Oakwood St Park Forest, IL	3.0	2.0	2083	$2,800	$1.34	11d	1	1.16mi
3324 Western Ave Park Forest, IL	1.0–3.0	1.0	1026	$1,995	$1.94	0d	11	1.17mi
19 Apple Ln Park Forest, IL	3.0	1.0	1541	$2,300	$1.49	13d	1	1.17mi

Listing history 50 events

1. 2026-04-29
   historical Contingent - Continue to Show
2. 2026-04-04
   status Temporarily No Showings
3. 2026-03-28
   historical Contingent - Continue to Show
4. 2026-03-21
   listed $180,000 Active
5. 2025-10-21
   historical
6. 2025-10-02
   status Active
7. 2025-09-11
   historical Contingent - Continue to Show
8. 2025-09-07
   listed Active
9. 2024-11-27
   historical $2,200
10. 2024-11-27
    historical
11. 2024-10-19
    listed $2,200
12. 2024-10-17
    status Active
13. 2024-10-17
    price
14. 2024-10-04
    historical Contingent - Continue to Show
15. 2024-09-18
    price
16. 2024-09-02
    price
17. 2024-08-22
    listed Active
18. 2024-08-20
    historical
19. 2024-08-20
    status Temporarily No Showings
20. 2024-08-17
    historical
21. 2024-08-17
    status Temporarily No Showings
22. 2024-08-13
    historical
23. 2024-08-13
    status Temporarily No Showings
24. 2024-08-12
    historical
25. 2024-08-12
    status Temporarily No Showings
26. 2024-07-04
    historical
27. 2024-07-04
    status Temporarily No Showings
28. 2024-07-02
    historical
29. 2024-07-02
    status Temporarily No Showings
30. 2024-06-04
    historical
31. 2024-06-04
    status Temporarily No Showings
32. 2024-04-30
    historical Contingent - Continue to Show
33. 2023-05-25
    historical
34. 2023-05-25
    status Temporarily No Showings
35. 2023-04-14
    listed Active
36. 2023-03-10
    historical
37. 2023-03-10
    status Temporarily No Showings
38. 2023-01-07
    historical
39. 2022-11-23
    status Active
40. 2022-11-14
    historical Contingent - Continue to Show
41. 2022-11-01
    listed Active
42. 2022-10-05
    historical
43. 2022-10-04
    status Temporarily No Showings
44. 2022-09-22
    historical Contingent - Continue to Show
45. 2022-09-09
    price
46. 2022-08-31
    listed Active
47. 2022-02-23
    status Pending
48. 2022-02-18
    historical
49. 2022-02-04
    status Active
50. 2022-01-20
    status Pending

ⓘ 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: $8,554 · $713/mo
• Projected year-2 tax: $8,554 · $713/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: $29,182
• − Mortgage interest: −$10,083
• − Property taxes: −$8,554
• − Insurance: −$900
• − Repairs & maintenance: −$2,335
• − Management: −$2,335
• − Depreciation: −$5,236
• Taxable loss: −$260
• Est. tax savings @ 24.0%: +$62
• After-tax cash flow: $2,335/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

+76.5% since first listed

64 events — show timeline

• 2026-04-29 Contingent — MRED as Distributed by MLS Grid
• 2026-04-04 Relisted — MRED as Distributed by MLS Grid
• 2026-03-28 Contingent — MRED as Distributed by MLS Grid
• 2026-03-21 Listed $180,000 MRED as Distributed by MLS Grid
• 2025-10-21 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-02 Relisted — MRED as Distributed by MLS Grid
• 2025-09-11 Contingent — MRED as Distributed by MLS Grid
• 2025-09-07 Listed — MRED as Distributed by MLS Grid
• 2024-11-27 Rental Removed $2,200 MRED
• 2024-11-27 Listing Removed — MRED as Distributed by MLS Grid
• 2024-10-19 Listed for Rent $2,200 MRED
• 2024-10-17 Relisted — MRED as Distributed by MLS Grid
• 2024-10-17 Price Changed — MRED as Distributed by MLS Grid
• 2024-10-04 Contingent — MRED as Distributed by MLS Grid
• 2024-09-18 Price Changed — MRED as Distributed by MLS Grid
• 2024-09-02 Price Changed — MRED as Distributed by MLS Grid
• 2024-08-22 Listed — MRED as Distributed by MLS Grid
• 2024-08-20 Listing Removed — MRED as Distributed by MLS Grid
• 2024-08-20 Relisted — MRED as Distributed by MLS Grid
• 2024-08-17 Listing Removed — MRED as Distributed by MLS Grid
• 2024-08-17 Relisted — MRED as Distributed by MLS Grid
• 2024-08-13 Listing Removed — MRED as Distributed by MLS Grid
• 2024-08-13 Relisted — MRED as Distributed by MLS Grid
• 2024-08-12 Listing Removed — MRED as Distributed by MLS Grid
• 2024-08-12 Relisted — MRED as Distributed by MLS Grid
• 2024-07-04 Listing Removed — MRED as Distributed by MLS Grid
• 2024-07-04 Relisted — MRED as Distributed by MLS Grid
• 2024-07-02 Listing Removed — MRED as Distributed by MLS Grid
• 2024-07-02 Relisted — MRED as Distributed by MLS Grid
• 2024-06-04 Listing Removed — MRED as Distributed by MLS Grid
• 2024-06-04 Relisted — MRED as Distributed by MLS Grid
• 2024-04-30 Contingent — MRED as Distributed by MLS Grid
• 2023-05-25 Listing Removed — MRED as Distributed by MLS Grid
• 2023-05-25 Relisted — MRED as Distributed by MLS Grid
• 2023-04-14 Listed — MRED as Distributed by MLS Grid
• 2023-03-10 Listing Removed — MRED as Distributed by MLS Grid
• 2023-03-10 Relisted — MRED as Distributed by MLS Grid
• 2023-01-07 Listing Removed — MRED as Distributed by MLS Grid
• 2022-11-23 Relisted — MRED as Distributed by MLS Grid
• 2022-11-14 Contingent — MRED as Distributed by MLS Grid
• 2022-11-01 Listed — MRED as Distributed by MLS Grid
• 2022-10-05 Listing Removed — MRED as Distributed by MLS Grid
• 2022-10-04 Relisted — MRED as Distributed by MLS Grid
• 2022-09-22 Contingent — MRED as Distributed by MLS Grid
• 2022-09-09 Price Changed — MRED as Distributed by MLS Grid
• 2022-08-31 Listed — MRED as Distributed by MLS Grid
• 2022-02-23 Pending — MRED as Distributed by MLS Grid
• 2022-02-18 Listing Removed — MRED as Distributed by MLS Grid
• 2022-02-04 Relisted — MRED as Distributed by MLS Grid
• 2022-01-20 Pending — MRED as Distributed by MLS Grid
• 2022-01-10 Listed — MRED as Distributed by MLS Grid
• 2019-10-29 Listing Removed — MRED as Distributed by MLS Grid
• 2019-05-03 Listed — MRED as Distributed by MLS Grid
• 2012-12-17 Sold (MLS) $23,500 MRED as Distributed by MLS Grid
• 2012-11-15 Pending — MRED as Distributed by MLS Grid
• 2012-11-12 Listing Removed — MRED as Distributed by MLS Grid
• 2012-11-10 Relisted — MRED as Distributed by MLS Grid
• 2012-11-09 Listing Removed — MRED as Distributed by MLS Grid
• 2012-11-08 Price Changed $22,900 MRED as Distributed by MLS Grid
• 2012-11-07 Relisted — MRED as Distributed by MLS Grid
• 2012-09-05 Pending — MRED as Distributed by MLS Grid
• 2012-08-22 Listed $24,900 MRED as Distributed by MLS Grid
• 2006-07-06 Sold (Public Records) $136,000 Public Records
• 1997-11-26 Sold (Public Records) $102,000 Public Records

Property tax history

+2.9%/yr

Latest (2023): $8,554 · +37.5% YoY. Source: county tax records.