42425 N Park Ln E · Lake Catherine, IL 60002

$244,900

2 bd · 1.0 ba · 1,155 sqft · SingleFamily public records · 184 Days on market

Built 1940 $212/sqft · at area comps Est $254k · at est. $46/mo HOA · 2% 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 +13.0/30.0
• ARV discount +9.1/15.0
• DSCR +3.9/10.0
• Schools +3.6/10.0
• 1% rule +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

Key facts

• Private beach
• Updated home
• Lake catherine

Tags

• UPDATED HOME
• PRIVATE BEACH
• LAKE CATHERINE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $-14 ($-167/yr) — negative.
• To cash-flow at today's rent, offer at most $242k (1.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (15.4% below list).
• Recommended offer: $207k (15.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#483 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: schools C-, amenities F, commute F.
• Chsd 117 (suburban): math 36% / reading 40% proficiency, ranked #135 of 620 in IL (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 135 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 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 184 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 5y 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.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $207,253 (15.4% 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. It's been on market 184 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 6.22%
• Cash-on-cash: -0.24%
• DSCR: 0.99
• GRM: 9.8

CMA / ARV

• ARV (median comp): $254,212
• List price: $244,900
• Delta: -3.66%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
42380 N Lake Dr	0.08mi	3/2.0 (+1)	1,173 (+2%)	4mo	$259,900	$222	81
25091 W Crawford Ave	0.20mi	2/1.5	1,203 (+4%)	12mo	$285,000	$237	72
25087 W Claridan Ave	0.21mi	2/1.0	1,088 (-6%)	12mo	$250,000	$230	70
42220 N 7th Ave	0.34mi	3/1.0 (+1)	1,176 (+2%)	13mo	$317,000	$270	66
42184 N 1st Ave	0.30mi	3/1.0 (+1)	1,136 (-2%)	18mo	$218,000	$192	63
42211 N 2nd Ave	0.26mi	3/1.5 (+1)	1,261 (+9%)	12mo	$320,450	$254	55
25022 W Catherine Ave	0.30mi	3/1.5 (+1)	1,310 (+13%)	3mo	$236,000	$180	54
42129 N 1st Ave	0.37mi	3/1.0 (+1)	1,250 (+8%)	14mo	$203,000	$162	52
619 Summerlyn Dr	0.62mi	3/1.0 (+1)	1,184 (+2%)	12mo	$315,000	$266	52

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: -16.7%
• Equity multiple: 0.41×
• Total profit: $-40,564
• Equity at exit: $36,515

10-year hold

• IRR: -8.5%
• Equity multiple: 0.47×
• Total profit: $-36,439
• Equity at exit: $21,174

Cash invested: $68,572 (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 60002

• Home prices YoY: -34.4%
• Active inventory: 135
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,073 medium
• Mortgage (P&I): −$1,284
• Tax from tax record: −$219 /mo · $2,627/yr
• Insurance: −$102
• HOA: −$46
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $-14

Break-even live

Break-even rent $2,090

Max offer price $242,444

Occupancy floor 96%

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: $61,225
• Closing costs: $7,347
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24220 W North Ave Apt 1 Antioch, IL	3.0	1.0	1010	$1,995	$1.98	18d	1	1.04mi
41270 N Bayside Dr Antioch, IL	3.0	1.0	1120	$2,300	$2.05	10d	1	1.17mi
42328 N Oak St Antioch, IL	2.0	1.0	772	$1,950	$2.53	1d	1	1.32mi
42328 N Oak St Antioch, IL	2.0	1.0	772	$1,950	$2.53	20d	1	1.32mi

HOA detail

• Monthly dues: $46 · $552/yr

Listing history 50 events

1. 2026-06-18
   days on market $244,900 Active 184 DOM
2. 2026-06-17
   days on market $244,900 Active 183 DOM
3. 2026-06-16
   days on market $244,900 Active 182 DOM
4. 2026-06-15
   days on market $244,900 Active 181 DOM
5. 2026-06-13
   days on market $244,900 Active 179 DOM
6. 2026-06-13
   days on market $244,900 Active 178 DOM
7. 2026-06-09
   days on market $244,900 Active 175 DOM
8. 2026-06-08
   days on market $244,900 Active 174 DOM
9. 2026-06-07
   days on market $244,900 Active 173 DOM
10. 2026-06-04
    days on market $244,900 Active 170 DOM
11. 2026-06-03
    days on market $244,900 Active 169 DOM
12. 2026-06-02
    days on market $244,900 Active 168 DOM
13. 2026-06-01
    days on market $244,900 Active 167 DOM
14. 2026-05-31
    days on market $244,900 Active 166 DOM
15. 2026-05-06
    status Active 333-char remark

    Show marketing remark (333 chars)

    Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

16. 2026-05-04
    historical Contingent - Continue to Show 333-char remark

    Show marketing remark (333 chars)

    Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

17. 2026-04-06
    status Active 333-char remark

    Show marketing remark (333 chars)

    Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

18. 2026-03-30
    historical Contingent - Continue to Show 333-char remark

    Show marketing remark (333 chars)

    Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

19. 2026-03-24
    status Active 333-char remark

    Show marketing remark (333 chars)

    Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

20. 2026-03-18
    historical Contingent - Continue to Show 333-char remark

    Show marketing remark (333 chars)

    Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

21. 2026-02-24
    price $244,900 333-char remark

    Show marketing remark (333 chars)

    Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

22. 2025-12-16
    listed $250,000 Active 333-char remark

    Show marketing remark (333 chars)

    Your lake-area escape awaits! This beautifully updated 2-bedroom, 1-bath home is fully renovated with new roof, windows, kitchen, bath, flooring, and mechanicals. Features a smart thermostat! Walk to Crandall's Association private beach and park on Lake Catherine and enjoy the best of Antioch living. Move-in ready and easy to love!

23. 2025-12-11
    historical
24. 2025-11-11
    price
25. 2025-10-27
    price
26. 2025-10-06
    price
27. 2025-09-22
    price
28. 2025-09-11
    listed Active
29. 2023-07-28
    soldstatus $339,000 Closed
30. 2023-06-12
    historical Contingent - Continue to Show
31. 2023-05-31
    status Active
32. 2023-05-16
    historical
33. 2023-05-15
    status Active
34. 2023-04-30
    historical Contingent - Continue to Show
35. 2023-04-26
    listed $349,000 Active
36. 2023-03-06
    soldstatus $45,000 Closed
37. 2023-02-18
    status Pending
38. 2023-02-12
    status Active
39. 2023-02-06
    status Pending
40. 2023-01-23
    price $49,900
41. 2023-01-19
    status Active
42. 2023-01-18
    status Pending
43. 2022-12-18
    price $58,250
44. 2022-11-17
    listed $68,250 Active
45. 2022-11-01
    historical Contingent - Continue to Show
46. 2022-11-01
    historical
47. 2022-10-20
    price
48. 2022-10-05
    price
49. 2022-09-28
    listed Active
50. 2021-08-19
    soldstatus $120,000 Closed

ⓘ 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: $2,627 · $219/mo
• Projected year-2 tax: $4,093 · $341/mo
• Expected delta: +$1,466/yr (+$122/mo · 55.8%)

ⓘ 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 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,870
• − Mortgage interest: −$13,718
• − Property taxes: −$2,627
• − Insurance: −$1,224
• − Repairs & maintenance: −$1,990
• − Management: −$1,990
• − HOA: −$552
• − Depreciation: −$7,124
• Taxable loss: −$4,355
• Est. tax savings @ 24.0%: +$1,045
• After-tax cash flow: $878/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: Chsd 117
• NCES district ID: 1703870
• Math proficiency: 36% ▼ -8.00%
• Reading proficiency: 40% ▼ -4.00%
• Median HH income: $80,993
• Composite: 35.79/100
• National rank: #4836
• State rank: #135 of 620 in IL

Livability — Lake Catherine

• Score: 68/100
• State rank: #483
• US rank: #10040

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Catherine, IL
• Population (ZIP): 24,396

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 (82%)
• Race & ethnicity: White 82% Hispanic / Latino 8% Two or more races 6% Black 3% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Romanian 11% Lithuanian 3% Portuguese 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 4% Russian/Polish/Slavic 1% 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: ▼ -116.22%
• Current HPI: 221.5754
• 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

+389.8% since first listed

40 events — show timeline

• 2026-05-06 Relisted — MRED as Distributed by MLS Grid
• 2026-05-04 Contingent — MRED as Distributed by MLS Grid
• 2026-04-06 Relisted — MRED as Distributed by MLS Grid
• 2026-03-30 Contingent — MRED as Distributed by MLS Grid
• 2026-03-24 Relisted — MRED as Distributed by MLS Grid
• 2026-03-18 Contingent — MRED as Distributed by MLS Grid
• 2026-02-24 Price Changed $244,900 MRED as Distributed by MLS Grid
• 2025-12-16 Listed $250,000 MRED as Distributed by MLS Grid
• 2025-12-11 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-11 Price Changed — MRED as Distributed by MLS Grid
• 2025-10-27 Price Changed — MRED as Distributed by MLS Grid
• 2025-10-06 Price Changed — MRED as Distributed by MLS Grid
• 2025-09-22 Price Changed — MRED as Distributed by MLS Grid
• 2025-09-11 Listed — MRED as Distributed by MLS Grid
• 2023-07-28 Sold (MLS) $339,000 MRED as Distributed by MLS Grid
• 2023-06-12 Contingent — MRED as Distributed by MLS Grid
• 2023-05-31 Relisted — MRED as Distributed by MLS Grid
• 2023-05-16 Listing Removed — MRED as Distributed by MLS Grid
• 2023-05-15 Relisted — MRED as Distributed by MLS Grid
• 2023-04-30 Contingent — MRED as Distributed by MLS Grid
• 2023-04-26 Listed $349,000 MRED as Distributed by MLS Grid
• 2023-03-06 Sold (MLS) $45,000 MRED as Distributed by MLS Grid
• 2023-02-18 Pending — MRED as Distributed by MLS Grid
• 2023-02-12 Relisted — MRED as Distributed by MLS Grid
• 2023-02-06 Pending — MRED as Distributed by MLS Grid
• 2023-01-23 Price Changed $49,900 MRED as Distributed by MLS Grid
• 2023-01-19 Relisted — MRED as Distributed by MLS Grid
• 2023-01-18 Pending — MRED as Distributed by MLS Grid
• 2022-12-18 Price Changed $58,250 MRED as Distributed by MLS Grid
• 2022-11-17 Listed $68,250 MRED as Distributed by MLS Grid
• 2022-11-01 Contingent — MRED as Distributed by MLS Grid
• 2022-11-01 Listing Removed — MRED as Distributed by MLS Grid
• 2022-10-20 Price Changed — MRED as Distributed by MLS Grid
• 2022-10-05 Price Changed — MRED as Distributed by MLS Grid
• 2022-09-28 Listed — MRED as Distributed by MLS Grid
• 2021-08-19 Sold (MLS) $120,000 MRED as Distributed by MLS Grid
• 2021-07-17 Pending — MRED as Distributed by MLS Grid
• 2021-07-12 Listed $119,900 MRED as Distributed by MLS Grid
• 1995-07-31 Sold (Public Records) $69,000 Public Records
• 1986-11-01 Sold (Public Records) $50,000 Public Records

Property tax history

+1.7%/yr

Latest (2024): $2,627 · +3.6% YoY. Source: county tax records.