14385 W Sheryl Lynn Dr · Wadsworth, IL 60083

$345,000

3 bd · 3.0 ba · 1,362 sqft · SingleFamily public records · 4 Days on market

Built 1984 0.97 ac lot Est $327k · 6% over

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Why this score? — see what drove the D- 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 +12.8/30.0
• ARV discount +5.0/15.0
• DSCR +3.8/10.0
• Schools +3.7/10.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A CUSTOM DESIGN RANCH IN THE COUNTRY, ONE OWNER, ALSO THE BUILDER, EAT IN KITCHEN W/BAY WINDOW, WOOD BURNING FIREPLACE IN LR, SPACIOUS BEDROOMS. FULL BASEMENT W/3RD BEDROOM, FULL BATH & FAMILY ROOM, UTILITY ROOM/ HOBBY ROOM. GARAGE HAS BUILT IN CUBOARDS & WORK BENCH. NICE STORAGE SHED 12X16 BEAUTIFUL SETTING IN A CUL-DE-SAC ALL ON 1 ACRE.

Key facts

• Long driveway
• Custom brick ranch
• 0.97 acre lot

Tags

• CUSTOM BRICK RANCH
• 1 ACRE CUL-DE-SAC LOT
• BEAUTIFULLY MAINTAINED YARD
• LONG DRIVEWAY
• ATTACHED 2 CAR GARAGE
• SUN FILLED EAT IN KITCHEN

Property features AI

Finance

• Other: Possession at closing; Earnest money held
• Financial info: Tax exemptions noted (Senior, Senior Freeze)
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage owned (2 garage spaces, 2 total parking spaces)
• Security: Security system
• Utilities: Well water; Septic tank; Electric service with circuit breakers
• Home design: Detached single-family home; One-story layout with finished lower level; Fee simple ownership
• Construction: Brick construction; Built 41–50 years ago; Approximately 3,252 total finished square feet (builder source); Finished below-grade area
• Exterior features: Approximately 1.0–1.99 acre lot (dimensions 140 x 303)

Interior

• Kitchen: Kitchen on main level (9 x 16) with ceramic tile flooring
• Bedrooms: Master bedroom on main level (14 x 14) with hardwood flooring; Second bedroom on main level (10 x 14) with hardwood flooring; Additional bedroom(s) and bonus room available (bonus room in basement, 16 x 16, carpet)
• Flooring: Hardwood flooring in living room and main bedrooms; Ceramic tile in kitchen; Carpet in bonus room and other areas
• Bathrooms: 2 full bathrooms; 1 half bathroom; Basement has bathroom access
• Heating & cooling: Steam and baseboard heating; Central air conditioning
• Interior features: Open floorplan; Security system; CO detectors; Ceiling fans; Sump pump; Generator; Electric water heater; Finished full basement; One wood-burning fireplace in the living room; 5 total rooms
• Laundry & utility: Laundry room in basement (17 x 18)

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $345k.

Deal economics

• At list price, monthly cash flow is $-29 ($-347/yr) — negative.
• To cash-flow at today's rent, offer at most $340k (1.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $294k (14.9% below list).
• Recommended offer: $294k (14.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#411 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living D-.
• Warren Twp Hsd 121 (suburban): math 34% / reading 43% proficiency, ranked #124 of 620 in IL (top 20%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Warren Township High School (math 34% / reading 43%, grade F, #100 of 693 statewide, top 15%, 3,758 students, 0% FRL).
• Market conditions: 47 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $2k of loan paydown is wiped out by about $10k 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

• Only 4 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 $285k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $293,715 (14.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.85% ✗
• Cap rate: 6.19%
• Cash-on-cash: -0.36%
• DSCR: 0.98
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $326,880
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
39325 N Winchester Rd	0.56mi	3/2.0	1,374 (+1%)	18mo	$330,000	$240	53
39160 N Winchester Rd	0.52mi	3/2.0	1,337 (-2%)	20mo	$320,000	$239	52
14440 W Jody Ln	0.19mi	4/3.0 (+1)	1,526 (+12%)	24mo	$445,000	$292	46

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: -16.9%
• Equity multiple: 0.40×
• Total profit: $-57,724
• Equity at exit: $51,441

10-year hold

• IRR: -8.7%
• Equity multiple: 0.46×
• Total profit: $-52,545
• Equity at exit: $29,829

Cash invested: $96,600 (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 60083

• Home prices YoY: -16.2%
• Active inventory: 47
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,937 medium
• Mortgage (P&I): −$1,809
• Tax from tax record: −$396 /mo · $4,756/yr
• Insurance: −$144
• HOA: −$0
• Vacancy / Maint / Mgmt: −$617
• Net cashflow: $-29

Break-even live

Break-even rent $2,974

Max offer price $339,890

Occupancy floor 96%

Sensitivity live

Price	-10% $166	-5% $69	+0% $-29	+5% $-127	+10% $-224
Rent	-10% $-261	-5% $-145	+0% $-29	+5% $87	+10% $203
Rate	-1.0pp $145	-0.5pp $59	base $-29	+0.5pp $-118	+1.0pp $-209

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: $86,250
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38955 N Delany Rd Wadsworth, IL	3.0	1.5	1478	$3,000	$2.03	0d	1	0.60mi
4810 Eastwood Ct Waukegan, IL	3.0	2.5	1800	$2,750	$1.53	0d	1	1.46mi

Listing history 3 events

1. 2026-06-21
   days on market $345,000 Active 4 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $345,000 Active 1 DOM

ⓘ 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: $4,756 · $396/mo
• Projected year-2 tax: $6,294 · $524/mo
• Expected delta: +$1,538/yr (+$128/mo · 32.3%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,246
• − Mortgage interest: −$19,325
• − Property taxes: −$4,756
• − Insurance: −$1,725
• − Repairs & maintenance: −$2,820
• − Management: −$2,820
• − Depreciation: −$10,036
• Taxable loss: −$6,236
• Est. tax savings @ 24.0%: +$1,497
• After-tax cash flow: $1,150/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: Warren Twp Hsd 121
• NCES district ID: 1740800
• Math proficiency: 34% ▼ -8.00%
• Reading proficiency: 43% ▼ -5.00%
• Median HH income: $86,523
• Composite: 36.71/100
• National rank: #4595
• State rank: #124 of 620 in IL

Livability — Wadsworth

• Score: 69/100
• State rank: #411
• US rank: #8458

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wadsworth, IL
• Population (ZIP): 9,655

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 50% Hispanic / Latino 28% Two or more races 14% Black 10% Asian 9%
• Hispanic origin (detail): Mexican 22% Puerto Rican 4%
• Common ancestry: Romanian 9% Lithuanian 2% Slovak 2%
• Foreign-born: 19% · Canada, South Korea, China
• Languages at home: 70% English-only · Spanish 21% Tagalog/Filipino 3% Other Indo-European 2%

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: ▼ -39.49%
• Current HPI: 203.6911
• 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

+19.0% since first listed

5 events — show timeline

• 2026-06-17 Listed $345,000 MRED as Distributed by MLS Grid
• 2007-05-15 Sold (Public Records) $285,000 Public Records
• 2007-04-30 Sold (MLS) $285,000 MRED as Distributed by MLS Grid
• 2007-03-16 Listing Removed — MRED as Distributed by MLS Grid
• 2007-02-09 Listed $289,900 MRED as Distributed by MLS Grid

Property tax history

-0.5%/yr

Latest (2024): $4,756 · -6.2% YoY. Source: county tax records.