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Residential - Vacant LandResidential
$486,052
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 89How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $295,000 on Aug 24, 2010

8540 W 116TH ST

PALOS PARK, IL 60464
0
Baths
4,036 ft²
Lot SizeThe size of the land the home sits on, from county records.

Valuation

$486K
$434K low$538K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$295,000 · Aug 24, 2010

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$371 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$1,514 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$1,514
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$1,513
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$15,140

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.42
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
26
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
71
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
75
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
40
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential - Vacant Land
CountyCook
Lot (acres)The size of the land the home sits on, from county records.0.09
HeatingThe type of heating system in the home.None

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Amos Alonzo Stagg High SchoolB
High · Grades 9–12 · 0.8 mi
E
Palos East Elementary SchoolA
Elementary · Grades KG–5 · 1.7 mi
M
Palos South Middle SchoolA+
Middle · Grades 6–8 · 2.1 mi

District: Palos Community Consolidated School District 118

Neighborhood · ZIP 60464These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.66
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.106
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.44

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.27%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.9,182
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.760 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$110,550
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$146,648
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

8540 W 116th St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 76% of homes in Cook County
  • Has a smaller lot than 97% of homes in Palos Park 60464

What homes are worth in Palos Park 60464

Each bar is how many homes fall in that price range. The marker is this home.

This home
$251K$1.5M

This home is worth more than 41% of homes in Palos Park 60464.

How it measures up in Palos Park 60464

The dot is this home. The mark in the middle is the typical home in Palos Park 60464.

Estimated value$486,052
CheaperTypical $529,393Pricier

Pricier than 41% of homes nearby

Lot size4,036 ft²
SmallerTypical 0.55 acBigger

Bigger than 3% of homes nearby

How 8540 W 116th St ranks against every home in each area.
MeasureThis homePalos Park 60464Cook County
Estimated valuepricier than$486,05241% of homes76% of homes
Lot sizebigger than4,036 ft²3% of homes28% of homes

About 8540 W 116th St

How much is 8540 W 116th St, Palos Park, IL worth?

The TopHap Estimate for 8540 W 116th St, Palos Park, IL is $486,052 as of Jul 14, 2026. The likely range is $433,964 to $538,140. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 8540 W 116th St, Palos Park, IL last sell?

8540 W 116th St, Palos Park, IL last sold on Aug 24, 2010 for $295,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

What schools serve 8540 W 116th St, Palos Park, IL?

8540 W 116th St, Palos Park, IL is assigned to Amos Alonzo Stagg High School (high), rated B; Palos East Elementary School (elementary), rated A; Palos South Middle School (middle), rated A+. All sit in Palos Community Consolidated School District 118. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 8540 W 116th St, Palos Park, IL compare to other homes in Palos Park 60464?

Among the 3,718 homes in Palos Park 60464, it is worth more than 41% of them ($486,052 against a typical $529,393) and its lot is bigger than 3% of them (4,036 ft² against a typical 0.55 ac). Measured against all of Cook County, it is worth more than 76% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 8540 W 116th St, Palos Park, IL?

The 2023 property tax bill for 8540 W 116th St, Palos Park, IL was $371. The county assessed it at $1,514.

More homes on W 116th St

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Assigned schools

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