7304 Lynda Ct · Fox Lake, IL 60020

$224,900

1 bd · 1.0 ba · 989 sqft · Townhouse public records · 16 Days on market

Built 1978 Est $193k · 17% over $303/mo HOA · 12% of rent

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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 +15.4/30.0
• 1% rule +5.9/10.0
• DSCR +4.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome Home! This charming and move-in ready San Tropez model enjoys one of the most desirable locations in the community, directly across from the picturesque pond and gazebo. Freshly painted and featuring hard-surface flooring throughout, this home offers comfortable, low-maintenance living. The bright eat-in kitchen includes a spacious storage closet with a newer all-in-one washer and dryer. Relax on the inviting front sun porch or enjoy the convenience of the attached one-car garage. Life in Leisure Village offers an exceptional lifestyle with amenities including a 3-hole golf course, swimming pool, fitness center, craft room, woodworking shop, bocce ball courts, scenic ponds, and a fu

Key facts

• Craft room
• Fitness center
• 3-hole golf course

Tags

• PICTURESQUE POND
• ATTACHED ONE-CAR GARAGE
• 3-HOLE GOLF COURSE
• SWIMMING POOL
• FITNESS CENTER
• CRAFT ROOM

Property features AI

Finance

• Other: Not currently leased; Special service area: No
• HOA & community: Monthly association fee of $303; Association covers insurance, clubhouse, pool, exterior maintenance, lawn care, and snow removal; Community amenities include exercise room, golf course, health club, park, party room, and pool; Manager off-site; Pets allowed (cats and dogs), maximum pet weight unrestricted

Exterior

• Parking: Attached garage with garage door opener; Asphalt parking; One garage/one total parking space
• Utilities: Public water; Public sewer
• Home design: Attached single (1/2 duplex) condo; Model: San Tropez; Entry at level 1; Adult community; Disability access available
• Construction: Vinyl siding; Building age approximately 41–50 years; Part of a two-unit building
• Exterior features: Porch; Waterfront (common)

Interior

• Kitchen: Kitchen with eating area/table space 12 x 10; Range; Dishwasher; Refrigerator
• Bedrooms: Master bedroom (main level); Second bedroom (main level) 12 x 10
• Flooring: Laminate flooring in living room and dining area; Vinyl flooring in kitchen; Linoleum flooring in master bedroom
• Bathrooms: One full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Five total rooms; Enclosed porch (main level); Dining area combined with living room; Family room; Living room
• Laundry & utility: Main-level laundry 6 x 4

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath townhouse listed at $225k.

Deal economics

• At list price, monthly cash flow is $86 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $225k).
• Recommended offer: $222k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#247 in IL, #4,462 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A; Watch: amenities D+, schools F, health & safety F.
• Grant Chsd 124 (suburban): math 23% / reading 27% proficiency, ranked #296 of 620 in IL (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 78 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $7k 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 16 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $112k; list at $225k implies a 101% gain — meaningful room to come down on a strong offer.

Recommended offer $221,526 (1.5% below list)

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 1.09% ✓
• Cap rate: 6.75%
• Cash-on-cash: 1.64%
• DSCR: 1.07
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $192,855
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7108 Granada Ln #280	0.00mi	2/1.0 (+1)	989 (0%)	6mo	$204,000	$206	90
7314 Chevy Chase Ct	0.15mi	2/1.0 (+1)	975 (-1%)	5mo	$170,000	$174	81
7105 Saint Tropez Ct #297	0.26mi	2/1.0 (+1)	989 (0%)	2mo	$170,000	$172	81
7411 Leisure Village Ave #7411	0.31mi	2/1.0 (+1)	975 (-1%)	3mo	$185,000	$190	76
7301 Dunwood Ct #114	0.15mi	2/1.0 (+1)	1,066 (+8%)	12mo	$205,000	$192	65
7405 Chevy Chase Ct	0.34mi	2/1.0 (+1)	1,076 (+9%)	1mo	$230,000	$214	64
7310 Chevy Chase Ct #54	0.14mi	2/1.0 (+1)	1,066 (+8%)	14mo	$208,000	$195	64
7315 Custer Ct	0.15mi	2/1.0 (+1)	1,066 (+8%)	22mo	$205,000	$192	57
7432 Cresthill Ln	0.32mi	2/1.0 (+1)	1,066 (+8%)	21mo	$215,000	$202	50
7418 Clarendon Ct	0.40mi	2/1.0 (+1)	1,066 (+8%)	22mo	$210,000	$197	45

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: -13.6%
• Equity multiple: 0.51×
• Total profit: $-30,725
• Equity at exit: $33,533

10-year hold

• IRR: -4.5%
• Equity multiple: 0.70×
• Total profit: $-18,771
• Equity at exit: $19,445

Cash invested: $62,972 (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 60020

• Home prices YoY: -30.7%
• Active inventory: 78
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,460 medium
• Mortgage (P&I): −$1,179
• Tax est. 1.5%: −$281 /mo · $3,374/yr
• Insurance: −$94
• HOA: −$303
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $86

Break-even live

Break-even rent $2,351

Max offer price $224,900

Occupancy floor 91%

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
32 Montego Colony #1 Fox Lake, IL	2.0	1.0	690	$1,400	$2.03	43d	1	0.46mi
38464 N 8th St Spring Grove, IL	1.0	1.0	625	$2,000	$3.20	1d	1	0.66mi
39259 N Jackson Dr Unit 1374781P Spring Grove, IL	2.0	1.0	990	$4,725	$4.77	1d	1	0.73mi
38381 N 6th Ave Spring Grove, IL	2.0	1.0	600	$1,095	$1.82	1d	1	0.79mi

HOA detail

• Monthly dues: $303 · $3,636/yr
• Likely covers: poolgym

Listing history 11 events

1. 2026-06-18
   days on market $224,900 Active 16 DOM
2. 2026-06-17
   days on market $224,900 Active 15 DOM
3. 2026-06-16
   days on market $224,900 Active 14 DOM
4. 2026-06-15
   days on market $224,900 Active 13 DOM
5. 2026-06-13
   days on market $224,900 Active 11 DOM
6. 2026-06-09
   days on market $224,900 Active 7 DOM
7. 2026-06-08
   days on market $224,900 Active 6 DOM
8. 2026-06-07
   days on market $224,900 Active 5 DOM
9. 2026-06-04
   days on market $224,900 Active 2 DOM
10. 2026-06-03
    remarks 699-char remark
11. 2026-06-03
    listed $224,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥101°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,522
• − Mortgage interest: −$12,598
• − Property taxes: −$3,374
• − Insurance: −$1,124
• − Repairs & maintenance: −$2,362
• − Management: −$2,362
• − HOA: −$3,636
• − Depreciation: −$6,543
• Taxable loss: −$2,476
• Est. tax savings @ 24.0%: +$594
• After-tax cash flow: $1,630/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: Grant Chsd 124
• NCES district ID: 1717340
• Math proficiency: 23% ▼ -9.00%
• Reading proficiency: 27% ▼ -7.00%
• Median HH income: $59,450
• Composite: 22.95/100
• National rank: #7989
• State rank: #296 of 620 in IL

Livability — Fox Lake

• Score: 74/100
• State rank: #247
• US rank: #4462

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fox Lake, IL
• City population: 10,846
• Population (ZIP): 10,846

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 12% Two or more races 10% Black 3%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1%
• Common ancestry: Romanian 15% Portuguese 2% Italian 2%
• Foreign-born: 10% · Canada, South Korea
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 3% Other Indo-European 1%

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: ▼ -97.19%
• Current HPI: 219.6301
• 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

+199.9% since first listed

3 events — show timeline

• 2026-06-02 Listed $224,900 MRED as Distributed by MLS Grid
• 2004-05-26 Sold (Public Records) $112,000 Public Records
• 1991-08-01 Sold (Public Records) $75,000 Public Records

Property tax history

-19.1%/yr

Latest (2024): $54 · -6.8% YoY. Source: county tax records.