Active

$80,000

1020 Park Ave, Ford Heights, IL 60411

3beds

1,113sqft

$640/mo

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Single Family Residence

Built in 1962

4,440 Square Feet Lot

$-- Zestimate^®

$72/sqft

$-- HOA

What's special

Whether you're a seasoned investor or purchasing your first rental property, 1020 Park Lane is the opportunity you've been waiting for! This 3-bedroom, 1-bath single-family home is occupied by a long-term tenant who wishes to stay, providing immediate and reliable cash flow from day one. The tenant pays all utilities-including water and trash through the village-keeping your operating expenses low. The home is being sold as-is, making this a straightforward, hassle-free addition to any portfolio. Secure a property that's already generating income and positioned for long-term stability. Add this high-performing investment to your portfolio today!

178 days

172

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Other Room

Primary bedroom

Level: Main
Area: 120 Square Feet
Dimensions: 10X12

Bedroom 2

Level: Main
Area: 117 Square Feet
Dimensions: 9X13

Bedroom 3

Level: Main
Area: 90 Square Feet
Dimensions: 10X9

Dining room

Level: Main
Dimensions: COMBO

Kitchen

Features: Kitchen (Eating Area-Table Space)
Level: Main
Area: 126 Square Feet
Dimensions: 14X9

Living room

Level: Main
Area: 252 Square Feet
Dimensions: 14X18

Other

Level: Main
Area: 81 Square Feet
Dimensions: 9X9

Heating

Natural Gas

Cooling

Central Air

Appliances

Included: Range, Refrigerator
Laundry: Gas Dryer Hookup, In Kitchen

Features

Basement: None

Interior area

Total structure area: 1,113
Total interior livable area: 1,113 sqft

Property

Parking

Total spaces: 1
Parking features: Side Driveway, Driveway, Yes
Has uncovered spaces: Yes

Accessibility

Accessibility features: No Disability Access

Lot

Size: 4,440 Square Feet

Details

Parcel number: 32231210620000
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Aluminum Siding
Roof: Asphalt

Condition

New construction: No
Year built: 1962

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Lake Michigan, Public

Community & HOA

Community

Features: Sidewalks, Street Lights, Street Paved

HOA

Services included: None

Location

Region: Ford Heights

Financial & listing details

Price per square foot: $72/sqft
Tax assessed value: $28,920
Annual tax amount: $2,816
Date on market: 1/28/2026
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

$1,975/mo

Price history

Date	Event	Price
1/28/2026	Listed for sale	$80,000+400%$72/sqft
Source: MRED as distributed by MLS GRID #12543844 Report a problem
1/12/1995	Sold	$16,000$14/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,817 +9.1%	$2,892
2023	$2,582 +14.2%	$2,892 +15%
2022	$2,260 +7.1%	$2,514
2021	$2,111 -7.7%	$2,514
2020	$2,287 +2.3%	$2,514 +6%
2019	$2,237 +4.2%	$2,371
2018	$2,147 -11.1%	$2,371
2017	$2,415 -7.8%	$2,371 -2.1%
2016	$2,619 +6.8%	$2,421
2015	$2,453 -3.3%	$2,421
2014	$2,537 -1.2%	$2,421 -12.3%
2013	$2,569 +4%	$2,761
2012	$2,469 +10.7%	$2,761
2011	$2,230 -1.2%	$2,761 -12.2%
2010	$2,257 +3.4%	$3,146
2009	$2,183 +7.5%	$3,146 -5%
2008	$2,030 -3.9%	$3,311 -7.7%
2007	$2,114 +1.1%	$3,589
2006	$2,092 +19.3%	$3,589
2005	$1,753 +31%	$3,589 +24.7%
2004	$1,338 +6.6%	$2,878
2003	$1,256 -1.7%	$2,878
2002	$1,277 +59.5%	$2,878 +1.6%
2001	$801 -27.4%	$2,833
2000	$1,103 -6.6%	$2,833
1999	$1,182	$2,833

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 60411

Getting around

14 / 100

Car-Dependent

26 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

1/10
Medgar Evers Primary Academic Center
Grades: PK-4Distance: 0.3 mi
3/10
Cottage Grove Upper Grade Center
Grades: 5-8Distance: 0.5 mi
5/10
Bloom Trail High School
Grades: 9-12Distance: 1.9 mi

Schools provided by the listing agent

Elementary: Medgar Evers Primary
Middle: Cottage Grove Middle School
High: Bloom High School
District: 169

Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.