3704 Tamarind Ln · Hazel Crest, IL 60429

$184,000

2 bd · 1.5 ba · 1,066 sqft · SingleFamily public records · 11 Days on market

Built 1972 Est $191k · 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 +18.5/30.0
• ARV discount +9.1/15.0
• 1% rule +8.4/10.0
• DSCR +5.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

** SELLER NEEDS TO SELL ** BEAUTIFUL SPLIT LEVEL 3 BED [BIG MASTER BEDROOM WITH DOUBLE CLOSETS] 1.1 BATH. BIG BACK YARD, LOWER LEVEL WITH BIG FAMILY ROOM , LAUNDRY ROOM AND EXTRA BEDROOM. SELLER NEEDS TO SELL ** MAKE AN OFFER TODAY.

Key facts

• Large family room
• Dine-in area
• Spacious kitchen

Tags

• SPLIT-LEVEL HOME
• BRIGHT LIVING ROOM
• SPACIOUS KITCHEN
• DINE-IN AREA
• SLIDING GLASS DOORS
• LARGE FAMILY ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $184k.

Deal economics

• At list price, monthly cash flow is $174 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $184k).

Location & tenants

• Location reads 75/100 on livability (#229 in IL, #4,242 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety C-, schools D-, crime F.
• Bremen Chsd 228 (suburban): math 15% / reading 17% proficiency, ranked #468 of 620 in IL (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 80 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 19y 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 $127k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.7% of price.

Recommended offer $184,000

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.34% ✓
• Cap rate: 7.43%
• Cash-on-cash: 4.05%
• DSCR: 1.18
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $190,814
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3704 Tamarind Ln	0.00mi	3/1.5 (+1)	1,066 (0%)	1mo	$189,000	$177	94
3617 Coventry Ct	0.21mi	3/2.0 (+1)	1,064 (-0%)	1mo	$240,000	$226	82
3800 171st St	0.22mi	3/1.5 (+1)	1,066 (0%)	5mo	$280,000	$263	81
3618 Peach Grove Ln	0.13mi	3/1.0 (+1)	1,092 (+2%)	5mo	$175,000	$160	79
4050 Russet Way	0.38mi	3/2.0 (+1)	1,058 (-1%)	1mo	$259,000	$245	73
17137 Coventry Ln	0.36mi	3/2.0 (+1)	1,095 (+3%)	2mo	$150,000	$137	70
17304 Peach Grov Ave	0.10mi	3/1.0 (+1)	960 (-10%)	7mo	$143,500	$149	66
16843 Briargate Dr	0.60mi	3/1.5 (+1)	1,072 (+1%)	2mo	$135,000	$126	65
17620 Winston Dr	0.47mi	3/1.0 (+1)	1,091 (+2%)	3mo	$195,000	$179	65
3318 Tulip Dr	0.65mi	3/1.5 (+1)	1,093 (+2%)	1mo	$225,000	$206	59
17801 Yale Ln	0.71mi	3/1.5 (+1)	1,040 (-2%)	3mo	$206,000	$198	55
3317 Birchwood Dr	0.69mi	3/1.5 (+1)	1,223 (+15%)	7mo	$189,000	$155	32

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: -9.7%
• Equity multiple: 0.64×
• Total profit: $-18,393
• Equity at exit: $27,435

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-359
• Equity at exit: $15,909

Cash invested: $51,520 (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 60429

• Home prices YoY: -14.0%
• Active inventory: 80
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,457 high
• Mortgage (P&I): −$965
• Tax from tax record: −$726 /mo · $8,708/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$516
• Net cashflow: $174

Break-even live

Break-even rent $2,237

Max offer price $184,000

Occupancy floor 88%

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: $46,000
• Closing costs: $5,520
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3501 177th St Country Club Hills, IL	2.0	2.0	839	$2,850	$3.40	1d	1	0.61mi
17984 Amherst Ct Country Club Hills, IL	2.0	1.0	1000	$1,900	$1.90	1d	1	0.88mi
18019 Ravisloe Ter Country Club Hills, IL	3.0	1.5	1150	$2,800	$2.43	1d	1	1.03mi
2722 Larkspur Ln Hazel Crest, IL	3.0	1.5	1441	$2,650	$1.84	12d	1	1.33mi
1153 Williamsburg Rd Country Club Hills, IL	2.0	1.5	1216	$1,900	$1.56	1d	1	1.49mi

Listing history 7 events

1. 2026-04-06
   status Pending
2. 2026-03-26
   listed $184,000 Active
3. 2008-01-03
   soldstatus $127,000
4. 2007-12-20
   soldstatus $126,990 232-char remark

   Show marketing remark (232 chars)

   ** SELLER NEEDS TO SELL ** BEAUTIFUL SPLIT LEVEL 3 BED [BIG MASTER BEDROOM WITH DOUBLE CLOSETS] 1.1 BATH. BIG BACK YARD, LOWER LEVEL WITH BIG FAMILY ROOM , LAUNDRY ROOM AND EXTRA BEDROOM. SELLER NEEDS TO SELL ** MAKE AN OFFER TODAY.

5. 2007-10-30
   historical 232-char remark

   Show marketing remark (232 chars)

   ** SELLER NEEDS TO SELL ** BEAUTIFUL SPLIT LEVEL 3 BED [BIG MASTER BEDROOM WITH DOUBLE CLOSETS] 1.1 BATH. BIG BACK YARD, LOWER LEVEL WITH BIG FAMILY ROOM , LAUNDRY ROOM AND EXTRA BEDROOM. SELLER NEEDS TO SELL ** MAKE AN OFFER TODAY.

6. 2007-10-19
   listed $127,990 232-char remark

   Show marketing remark (232 chars)

   ** SELLER NEEDS TO SELL ** BEAUTIFUL SPLIT LEVEL 3 BED [BIG MASTER BEDROOM WITH DOUBLE CLOSETS] 1.1 BATH. BIG BACK YARD, LOWER LEVEL WITH BIG FAMILY ROOM , LAUNDRY ROOM AND EXTRA BEDROOM. SELLER NEEDS TO SELL ** MAKE AN OFFER TODAY.

7. 1989-05-09
   soldstatus $65,500

ⓘ 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: $8,708 · $726/mo
• Projected year-2 tax: $8,708 · $726/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 · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,488
• − Mortgage interest: −$10,307
• − Property taxes: −$8,708
• − Insurance: −$920
• − Repairs & maintenance: −$2,359
• − Management: −$2,359
• − Depreciation: −$5,353
• Taxable loss: −$518
• Est. tax savings @ 24.0%: +$124
• After-tax cash flow: $2,212/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: Bremen Chsd 228
• NCES district ID: 1707050
• Math proficiency: 15% ▼ -4.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $57,625
• Composite: 15.32/100
• National rank: #9327
• State rank: #468 of 620 in IL

Livability — Hazel Crest

• Score: 75/100
• State rank: #229
• US rank: #4242

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hazel Crest, IL
• City population: 14,602
• Population (ZIP): 14,602

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 (83%)
• Race & ethnicity: Black 83% White 7% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 1% Iranian 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▼ -46.04%
• Current HPI: 282.3552
• 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

+180.9% since first listed

7 events — show timeline

• 2026-04-06 Pending — MRED as Distributed by MLS Grid
• 2026-03-26 Listed $184,000 MRED as Distributed by MLS Grid
• 2008-01-03 Sold (Public Records) $127,000 Public Records
• 2007-12-20 Sold (MLS) $126,990 MRED as Distributed by MLS Grid
• 2007-10-30 Listing Removed — MRED as Distributed by MLS Grid
• 2007-10-19 Listed $127,990 MRED as Distributed by MLS Grid
• 1989-05-09 Sold (Public Records) $65,500 Public Records

Property tax history

+7.9%/yr

Latest (2023): $8,708 · +82.0% YoY. Source: county tax records.