8621 W 167th Pl · Orland Park, IL 60462

$270,000

3 bd · 1.5 ba · 1,339 sqft · SingleFamily public records · 6 Days on market

Built 1960 Est $364k · 26% 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 +18.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.0/10.0
• 1% rule +5.3/10.0
• Livability +4.2/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Solid brick home on a beautiful block with lots of potential. 3 bedrooms, 1.5 bath, 2 car detached garage. Home needs some love to bring it back to its beauty. Sold 'AS IS'

Key facts

• 2 garage spots
• Built 1960
• Listed 6 days

Property features AI

Finance

• Other: Ownership: Fee simple; Estimated living area; Not rebuilt or rehabbed; Property located in Orland Park township; directions: 88th Avenue to 167th Place
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage with space for 2 cars; Asphalt side driveway; Total parking for 2 vehicles
• Utilities: Water from Lake Michigan; Public sewer
• Home design: Detached single-family home; One-story layout; Built before 1978
• Construction: Brick construction
• Exterior features: Lot between 0.25 and 0.49 acre; Lot dimensions listed

Interior

• Kitchen: Kitchen on the main level, approximately 14 x 12
• Bedrooms: Three bedrooms (all on the main level); Primary bedroom on the main level, approximately 13 x 12; Second bedroom on the main level, approximately 11 x 13; Third bedroom on the main level, approximately 12 x 10
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating
• Interior features: Six total rooms
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $270k).
• Cap rate 7.5% vs local median 4.3% in Orland Park — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 85/100 on livability (#29 in IL, #529 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+.
• Cons Hsd 230 (suburban): math 35% / reading 39% proficiency, ranked #146 of 620 in IL (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.2%/yr); 101 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).
• This rent runs 35% of the median local income ($97k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $270,000

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.03% ✓
• Cap rate: 7.52%
• Cash-on-cash: 4.40%
• DSCR: 1.20
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $364,208
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16615 Blossom Ln	0.24mi	3/2.0	1,331 (-1%)	2mo	$365,000	$274	84
16543 Cranberry Ct	0.27mi	3/2.0	1,396 (+4%)	2mo	$383,000	$274	77
17012 Redwood Ct	0.59mi	3/2.0	1,359 (+2%)	3mo	$370,000	$272	65
8456 170th Pl	0.37mi	3/2.0	1,237 (-8%)	4mo	$327,000	$264	65
16942 89th Ave	0.41mi	3/2.0	1,220 (-9%)	1mo	$299,275	$245	63
17010 88th Ct	0.39mi	3/2.0	1,520 (+14%)	2mo	$335,000	$220	56
16805 Hilltop Ave	0.53mi	3/1.5	1,462 (+9%)	6mo	$334,900	$229	55
8564 Cherry Stone Pl	0.55mi	3/2.0	1,449 (+8%)	4mo	$328,500	$227	55
8548 Bethany Ln	0.51mi	3/2.0	1,466 (+10%)	7mo	$360,000	$246	53
17212 Cottage Ct	0.61mi	3/2.0	1,178 (-12%)	3mo	$418,000	$355	47
17019 Westwood Dr	0.67mi	3/2.0	1,171 (-12%)	6mo	$330,000	$282	41
16612 Meadow Ct	0.60mi	4/2.0 (+1)	1,536 (+15%)	1mo	$450,000	$293	39

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -12.9%
• Equity multiple: 0.55×
• Total profit: $-34,170
• Equity at exit: $40,258

10-year hold

• IRR: -9.5%
• Equity multiple: 0.49×
• Total profit: $-38,192
• Equity at exit: $23,345

Cash invested: $75,600 (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 60462

• Rents YoY: -0.2%
• Active inventory: 101
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,778 high
• Mortgage (P&I): −$1,416
• Tax from tax record: −$389 /mo · $4,670/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$583
• Net cashflow: $277

Break-even live

Break-even rent $2,427

Max offer price $270,000

Occupancy floor 85%

Sensitivity live

Price	-10% $430	-5% $354	+0% $277	+5% $201	+10% $124
Rent	-10% $58	-5% $167	+0% $277	+5% $387	+10% $497
Rate	-1.0pp $413	-0.5pp $346	base $277	+0.5pp $207	+1.0pp $136

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16450 Cherry Hill Ave Tinley Park, IL	3.0	2.0	1370	$3,100	$2.26	8d	1	0.36mi
16180 Apple Ln #2 Tinley Park, IL	3.0	2.5	1250	$2,900	$2.32	5d	1	0.74mi
15834 Orlan Brook Dr Unit 3E Orland Park, IL	2.0	1.0	1000	$1,800	$1.80	18d	1	1.18mi
15826 Farm Hill Dr Orland Park, IL	3.0	1.5	1500	$2,500	$1.67	11d	1	1.25mi
9234 Windsor Pkwy Tinley Park, IL	3.0	2.0	1800	$3,200	$1.78	15d	1	1.29mi
9264 Windsor Pkwy Tinley Park, IL	3.0	2.0	1800	$3,200	$1.78	2d	1	1.32mi

Listing history 2 events

1. 2026-05-20
   status Pending
2. 2026-05-14
   listed $270,000 Active

ⓘ 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: $4,670 · $389/mo
• Projected year-2 tax: $5,400 · $450/mo
• Expected delta: +$729/yr (+$61/mo · 15.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,338
• − Mortgage interest: −$15,124
• − Property taxes: −$4,670
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,667
• − Management: −$2,667
• − Depreciation: −$7,855
• Taxable loss: −$995
• Est. tax savings @ 24.0%: +$239
• After-tax cash flow: $3,564/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: Cons Hsd 230
• NCES district ID: 1708400
• Math proficiency: 35% ▼ -8.00%
• Reading proficiency: 39% ▼ -6.00%
• Median HH income: $73,953
• Composite: 34.29/100
• National rank: #5244
• State rank: #146 of 620 in IL

Livability — Orland Park

• Score: 85/100
• State rank: #29
• US rank: #529

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Orland Park, IL
• County: Cook County · 4,486,803 people
• City population: 41,456
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 41,456
• Household income: $96,526
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 668.0

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 White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 12% Two or more races 8% Asian 6% Black 3%
• Hispanic origin (detail): Mexican 7% Cuban 2%
• Common ancestry: Romanian 17% Armenian 2% Iranian 2%
• Foreign-born: 16% · Canada, South Korea
• Languages at home: 73% English-only · Spanish 7% Arabic 7% Russian/Polish/Slavic 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: ▼ -198.71%
• Current HPI: 203.5329
• Rent YoY: ▼ -0.17%
• 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

2 events — show timeline

• 2026-05-20 Pending — MRED as Distributed by MLS Grid
• 2026-05-14 Listed $270,000 MRED as Distributed by MLS Grid

Property tax history

+1.4%/yr

Latest (2023): $4,670 · +23.1% YoY. Source: county tax records.