54 Mionske Dr · Lake Zurich, IL 60047

$369,900

6 bd · 2.5 ba · 2,210 sqft · SingleFamily public records · 223 Days on market

Built 1954 0.26 ac lot $167/sqft · 26% below area Est $482k · 23% 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 +15.1/30.0
• ARV discount +15.0/15.0
• 1% rule +5.4/10.0
• DSCR +4.6/10.0
• Schools +4.6/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

Key facts

• Quarter-acre lot
• Tranquil pond views
• Detached garage

Tags

• DETACHED GARAGE
• QUARTER-ACRE LOT
• MATURE TREES
• TRANQUIL POND VIEWS
• WALKING DISTANCE TO DOWNTOWN
• HIGHLY RATED SCHOOL DISTRICT

What this means for you Summary

Snapshot

• This is a 6-bed/2.5-bath single-family listed at $370k.

Deal economics

• At list price, monthly cash flow is $125 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $370k).
• Recommended offer: $326k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.5% in Lake Zurich — 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 76/100 on livability (#175 in IL, #3,345 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Lake Zurich CUSD 95 (suburban): math 47% / reading 47% proficiency, ranked #44 of 620 in IL (top 7%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 10% free/reduced lunch — higher-income household profile.
• Zoned schools: May Whitney Elem School (math 45% / reading 37%, grade F, #372 of 2,056 statewide, top 18%, 657 students, 0% FRL); Lake Zurich Middle - N Campus (math 42% / reading 45%, grade D, #101 of 665 statewide, top 16%, 704 students, 0% FRL); Lake Zurich High School (math 54% / reading 58%, grade C, #25 of 693 statewide, top 4%, 1,804 students, 0% FRL).
• Market conditions: 164 active listings in the ZIP; high-income renter base; 948 units permitted in Lake County in 2024 (424 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Lake County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 223 days — a 12% lower offer ($326k) is reasonable based on typical stale-listing flexibility.
• 17 sale attempts since 7y ago; this cycle's ask has dropped $25k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $206k; list at $370k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $325,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 223 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.04% ✓
• Cap rate: 6.70%
• Cash-on-cash: 1.45%
• DSCR: 1.06
• GRM: 8.0

CMA / ARV

• ARV (median comp): $481,866
• List price: $369,900
• Delta: -23.24%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16 Red Haw Ln	0.65mi	5/2.5 (-1)	2,343 (+6%)	20mo	$450,000	$192	38

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: -13.9%
• Equity multiple: 0.50×
• Total profit: $-51,695
• Equity at exit: $55,153

10-year hold

• IRR: -4.9%
• Equity multiple: 0.68×
• Total profit: $-33,619
• Equity at exit: $31,982

Cash invested: $103,572 (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 60047

• Active inventory: 164
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,853 medium
• Mortgage (P&I): −$1,940
• Tax from tax record: −$825 /mo · $9,895/yr
• Insurance: −$154
• HOA: −$0
• Vacancy / Maint / Mgmt: −$809
• Net cashflow: $125

Break-even live

Break-even rent $3,694

Max offer price $369,900

Occupancy floor 92%

Sensitivity live

Price	-10% $334	-5% $230	+0% $125	+5% $20	+10% $-84
Rent	-10% $-179	-5% $-27	+0% $125	+5% $277	+10% $429
Rate	-1.0pp $311	-0.5pp $219	base $125	+0.5pp $29	+1.0pp $-68

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: $92,475
• Closing costs: $11,097
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-21
   days on market $369,900 Active 223 DOM
2. 2026-06-18
   days on market $369,900 Active 220 DOM
3. 2026-06-17
   days on market $369,900 Active 219 DOM
4. 2026-06-16
   days on market $369,900 Active 218 DOM
5. 2026-06-15
   days on market $369,900 Active 217 DOM
6. 2026-06-13
   days on market $369,900 Active 215 DOM
7. 2026-06-09
   days on market $369,900 Active 211 DOM
8. 2026-06-08
   days on market $369,900 Active 210 DOM
9. 2026-06-07
   days on market $369,900 Active 209 DOM
10. 2026-06-04
    days on market $369,900 Active 206 DOM
11. 2026-06-03
    days on market $369,900 Active 205 DOM
12. 2026-06-02
    days on market $369,900 Active 204 DOM
13. 2026-06-01
    days on market $369,900 Active 203 DOM
14. 2026-05-31
    days on market $369,900 Active 202 DOM
15. 2026-05-16
    status Active 627-char remark

    Show marketing remark (627 chars)

    Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

16. 2026-05-15
    historical 627-char remark

    Show marketing remark (627 chars)

    Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

17. 2026-05-02
    status Active 627-char remark

    Show marketing remark (627 chars)

    Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

18. 2026-03-25
    historical Contingent - Continue to Show 627-char remark

    Show marketing remark (627 chars)

    Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

19. 2026-03-13
    price $369,900 627-char remark

    Show marketing remark (627 chars)

    Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

20. 2026-02-09
    status Active 627-char remark

    Show marketing remark (627 chars)

    Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

21. 2026-02-06
    historical 627-char remark

    Show marketing remark (627 chars)

    Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

22. 2025-11-06
    listed $395,000 Active 627-char remark

    Show marketing remark (627 chars)

    Welcome to this spacious 5-bedroom, 3-bath home offering plenty of room for comfortable living. With tons of bonus rooms and a 2-car detached garage, there's no shortage of space or flexibility. The property sits on a quarter-acre lot surrounded by mature trees and features tranquil pond views across the street. Just one block from the lake and within walking distance to downtown Lake Zurich, you'll love the convenience of being close to schools, parks, retail, dining, and grocery options. Located in the highly rated Lake Zurich school district. Home needs some minor repairs-an excellent opportunity to make it your own!

23. 2025-04-03
    historical
24. 2024-12-03
    price
25. 2024-08-16
    price
26. 2024-06-03
    price
27. 2024-04-18
    price
28. 2024-02-28
    listed Active
29. 2022-01-07
    historical
30. 2021-12-14
    listed Active
31. 2021-12-14
    historical
32. 2021-12-02
    historical
33. 2021-12-02
    listed Active
34. 2021-11-17
    listed Active
35. 2021-11-17
    historical
36. 2021-10-26
    listed Active
37. 2021-10-26
    historical
38. 2021-10-13
    listed Active
39. 2021-10-13
    historical
40. 2021-10-01
    listed Active
41. 2021-10-01
    historical
42. 2021-09-14
    listed Active
43. 2021-05-27
    soldstatus $206,000 Closed Sale
44. 2021-05-25
    status Pending
45. 2021-04-29
    status Contingent
46. 2021-04-26
    status Reactivated
47. 2021-03-08
    status Contingent
48. 2021-02-24
    status Reactivated
49. 2021-02-12
    status Contingent
50. 2021-01-30
    price $214,900

ⓘ 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: $9,895 · $825/mo
• Projected year-2 tax: $9,895 · $825/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 5/10 Major FEMA zone X (unshaded) · 40% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,231
• − Mortgage interest: −$20,720
• − Property taxes: −$9,895
• − Insurance: −$1,850
• − Repairs & maintenance: −$3,698
• − Management: −$3,698
• − Depreciation: −$10,761
• Taxable loss: −$4,391
• Est. tax savings @ 24.0%: +$1,054
• After-tax cash flow: $2,554/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: Lake Zurich CUSD 95
• NCES district ID: 1721900
• Math proficiency: 47% ▼ -5.00%
• Reading proficiency: 47% ▼ -7.00%
• Median HH income: $114,452
• Composite: 46.47/100
• National rank: #2437
• State rank: #44 of 620 in IL

Livability — Lake Zurich

• Score: 76/100
• State rank: #175
• US rank: #3345

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Zurich, IL
• County: Lake County · 591,991 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 44,240
• Household income: $176,081
• Rent vs Own: 12.1% rent · 87.9% own
• Severe rent burden: 377.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 700,217 people
• By 2030: 693,290 · -1.0%
• By 2040: 673,588 · -3.8%
• By 2050: 643,556 · -8.1%
• By 2075: 562,792 · -19.6%
• By 2100: 457,715 · -34.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Asian 12% Two or more races 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Romanian 11% Scotch-Irish 3% Portuguese 2%
• Foreign-born: 18% · Canada, China, South Korea
• Languages at home: 76% English-only · Russian/Polish/Slavic 8% Spanish 5% Other Indo-European 4%

Political lean MEDSL · Lake

• 2024 margin: Strong D (+20.8) · D 59.7% · R 38.9% · Other 1.4%
• 2008→2024 swing: +1.1pp toward D · 2008: 19.6pp · 2024: 20.8pp
• All cycles: 2024: D+20.8 2020: D+24.1 2016: D+20.3 2012: D+8.1 2008: D+19.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -228.82%
• Current HPI: 204.4326
• 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

+236.3% since first listed

48 events — show timeline

• 2026-05-16 Relisted — MRED as Distributed by MLS Grid
• 2026-05-15 Listing Removed — MRED as Distributed by MLS Grid
• 2026-05-02 Relisted — MRED as Distributed by MLS Grid
• 2026-03-25 Contingent — MRED as Distributed by MLS Grid
• 2026-03-13 Price Changed $369,900 MRED as Distributed by MLS Grid
• 2026-02-09 Relisted — MRED as Distributed by MLS Grid
• 2026-02-06 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-06 Listed $395,000 MRED as Distributed by MLS Grid
• 2025-04-03 Listing Removed — MRED as Distributed by MLS Grid
• 2024-12-03 Price Changed — MRED as Distributed by MLS Grid
• 2024-08-16 Price Changed — MRED as Distributed by MLS Grid
• 2024-06-03 Price Changed — MRED as Distributed by MLS Grid
• 2024-04-18 Price Changed — MRED as Distributed by MLS Grid
• 2024-02-28 Listed — MRED as Distributed by MLS Grid
• 2022-01-07 Listing Removed — MRED as Distributed by MLS Grid
• 2021-12-14 Listing Removed — MRED as Distributed by MLS Grid
• 2021-12-14 Listed — MRED as Distributed by MLS Grid
• 2021-12-02 Listing Removed — MRED as Distributed by MLS Grid
• 2021-12-02 Listed — MRED as Distributed by MLS Grid
• 2021-11-17 Listing Removed — MRED as Distributed by MLS Grid
• 2021-11-17 Listed — MRED as Distributed by MLS Grid
• 2021-10-26 Listing Removed — MRED as Distributed by MLS Grid
• 2021-10-26 Listed — MRED as Distributed by MLS Grid
• 2021-10-13 Listing Removed — MRED as Distributed by MLS Grid
• 2021-10-13 Listed — MRED as Distributed by MLS Grid
• 2021-10-01 Listing Removed — MRED as Distributed by MLS Grid
• 2021-10-01 Listed — MRED as Distributed by MLS Grid
• 2021-09-14 Listed — MRED as Distributed by MLS Grid
• 2021-05-27 Sold (MLS) $206,000 MRED as Distributed by MLS Grid
• 2021-05-25 Pending — MRED as Distributed by MLS Grid
• 2021-04-29 Pending — MRED as Distributed by MLS Grid
• 2021-04-26 Relisted — MRED as Distributed by MLS Grid
• 2021-03-08 Pending — MRED as Distributed by MLS Grid
• 2021-02-24 Relisted — MRED as Distributed by MLS Grid
• 2021-02-12 Pending — MRED as Distributed by MLS Grid
• 2021-01-30 Price Changed $214,900 MRED as Distributed by MLS Grid
• 2020-12-29 Listed $224,900 MRED as Distributed by MLS Grid
• 2020-10-25 Listing Removed — MRED as Distributed by MLS Grid
• 2020-08-22 Price Changed — MRED as Distributed by MLS Grid
• 2020-07-25 Listed — MRED as Distributed by MLS Grid
• 2020-07-24 Listing Removed — MRED as Distributed by MLS Grid
• 2020-02-24 Price Changed — MRED as Distributed by MLS Grid
• 2019-12-28 Price Changed — MRED as Distributed by MLS Grid
• 2019-11-29 Listed — MRED as Distributed by MLS Grid
• 2006-10-27 Sold (Public Records) $224,000 Public Records
• 2005-09-06 Sold (Public Records) $224,000 Public Records
• 2000-09-18 Sold (Public Records) $172,000 Public Records
• 1993-09-14 Sold (Public Records) $110,000 Public Records

Property tax history

+3.5%/yr

Latest (2024): $9,895 · +6.9% YoY. Source: county tax records.