65 Lincolnshire Dr · Lincolnshire, IL 60069

$299,000

4 bd · 2.5 ba · 2,322 sqft · SingleFamily public records · 309 Days on market

Built 1962 1.48 ac lot Est $580k · 48% under ↓ 25% since listing

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +7.1/10.0
• 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

Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

Key facts

• Lincolnshire schools
• Existing ranch home
• 1.5 acre property

Tags

• 1.5 ACRE PROPERTY
• EXISTING RANCH HOME
• LINCOLNSHIRE SCHOOLS

Property features AI

Finance

• HOA & community: No master association fee required; Community features include park, tennis courts, street lights, and paved streets

Exterior

• Parking: Attached garage (garage owned); Asphalt driveway; 2 garage spaces (2 total parking spaces)
• Utilities: Public water; Public sewer; Electric with circuit breakers
• Home design: Detached single-family home; One-story; Fee simple ownership; Built before 1978 (age approx. 61–70 years)
• Construction: Brick, cedar, and frame construction; Asphalt roof; Concrete perimeter foundation
• Exterior features: Patio; Wooded lot; Riverfront property; Access to commuter bus and interstate; school bus service

Interior

• Kitchen: Kitchen
• Bedrooms: 4 bedrooms (all on main level); Master bedroom (main level) with full bath; Three additional bedrooms on main level (each about 10 x 10)
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 4 total rooms; Crawl space basement; Living room; Family room; Dining room
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $795 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $299k).
• Recommended offer: $263k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 3.0% in Lincolnshire — 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 70/100 on livability (#364 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Adlai E Stevenson Hsd 125 (suburban): math 72% / reading 73% proficiency, ranked #3 of 620 in IL (top 0%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Adlai E Stevenson High School (math 72% / reading 73%, grade B+, #7 of 693 statewide, top 1%, 4,489 students, 0% FRL).
• Market conditions: 42 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $9k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $84k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 309 days — a 12% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts; this cycle's ask has dropped $100k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $263,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 309 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 1962 — 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Schools are A-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?
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: 1.52% ✓
• Cap rate: 11.19%
• Cash-on-cash: 17.50%
• DSCR: 1.78
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $580,500
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4 Darby Ln	0.36mi	4/3.0	2,308 (-1%)	11mo	$925,000	$401	71
38 Lancaster Ln	0.50mi	4/2.0	2,396 (+3%)	9mo	$805,000	$336	62
4 Londonderry Ln	0.71mi	4/2.5	2,345 (+1%)	9mo	$784,000	$334	58
73 Cumberland Dr	0.19mi	4/3.0	2,587 (+11%)	18mo	$667,000	$258	55
8 Elsinoor Dr	0.42mi	4/2.5	2,600 (+12%)	15mo	$570,000	$219	48
23466 N Elm Rd	0.69mi	3/2.5 (-1)	2,393 (+3%)	18mo	$529,000	$221	42
1 Yorkshire Dr	0.72mi	4/2.5	2,512 (+8%)	18mo	$507,000	$202	38
66 Oakwood Ln	0.54mi	4/3.0	2,635 (+14%)	15mo	$660,000	$250	38
26 Melrose Ln	0.47mi	4/2.0	2,016 (-13%)	21mo	$465,000	$231	36

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: 0.8%
• Equity multiple: 1.03×
• Total profit: $2,678
• Equity at exit: $44,582

10-year hold

• IRR: 10.6%
• Equity multiple: 1.83×
• Total profit: $69,602
• Equity at exit: $25,852

Cash invested: $83,720 (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 60069

• Active inventory: 42
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $4,545 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$677 /mo · $8,118/yr
• Insurance: −$125
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$954
• Net cashflow: $795

Break-even live

Break-even rent $3,539

Max offer price $299,000

Occupancy floor 78%

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
67 Lincolnshire Dr Lincolnshire, IL	5.0	3.5	3000	$4,500	$1.50	15d	1	0.03mi
50 Cedar Ln Lincolnshire, IL	4.0	3.5	3053	$5,800	$1.90	3d	1	0.53mi
1206 Byrne Blvd Vernon Hills, IL	3.0	2.5	1870	$3,600	$1.93	7d	1	1.12mi
1218 Byrne Blvd Unit 1 Vernon Hills, IL	3.0	2.5	2184	$4,350	$1.99	20d	1	1.13mi
1220 Christine Ct Vernon Hills, IL	3.0	2.5	2230	$3,950	$1.77	24d	1	1.17mi
1268 Georgetown Way Vernon Hills, IL	3.0	2.5	2319	$3,800	$1.64	21d	1	1.18mi
31 Fox Trl Lincolnshire, IL	3.0	2.5	2633	$5,900	$2.24	1d	1	1.21mi
2393 Madiera Ct Buffalo Grove, IL	3.0	2.0	2022	$3,250	$1.61	7d	1	1.36mi
2401 Apple Hill Ln Buffalo Grove, IL	4.0	3.5	2600	$5,100	$1.96	24d	1	1.45mi

Listing history 28 events

1. 2026-06-18
   days on market $299,000 Active 309 DOM
2. 2026-06-17
   days on market $299,000 Active 308 DOM
3. 2026-06-16
   days on market $299,000 Active 307 DOM
4. 2026-06-15
   days on market $299,000 Active 306 DOM
5. 2026-06-13
   days on market $299,000 Active 304 DOM
6. 2026-06-13
   days on market $299,000 Active 303 DOM
7. 2026-06-09
   days on market $299,000 Active 300 DOM
8. 2026-06-08
   days on market $299,000 Active 299 DOM
9. 2026-06-07
   days on market $299,000 Active 298 DOM
10. 2026-06-04
    days on market $299,000 Active 295 DOM
11. 2026-06-03
    days on market $299,000 Active 294 DOM
12. 2026-06-02
    days on market $299,000 Active 293 DOM
13. 2026-06-01
    days on market $299,000 Active 292 DOM
14. 2026-05-31
    days on market $299,000 Active 291 DOM
15. 2025-11-19
    status Active

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

16. 2025-11-19
    status Active 253-char remark

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

17. 2025-11-06
    historical Contingent - Continue to Show

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

18. 2025-11-06
    historical Contingent - Continue to Show 253-char remark

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

19. 2025-10-31
    status Active

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

20. 2025-10-31
    status Active 253-char remark

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

21. 2025-10-24
    price $299,000

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

22. 2025-10-24
    price $299,000 253-char remark

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

23. 2025-10-24
    historical Contingent - Continue to Show

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

24. 2025-10-24
    historical Contingent - Continue to Show 253-char remark

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

25. 2025-10-02
    price $359,000 253-char remark

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

26. 2025-10-02
    price $359,000

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

27. 2025-08-13
    listed $399,000 Active

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

28. 2025-08-13
    listed $399,000 Active 253-char remark

    Show marketing remark (253 chars)

    Beautiful 1.5 acre lot on the river in Lincolnshire. Just 2 blocks from the park and beach. Schools are Stevenson High School and the award winning Lincolnshire schools. There is currently a 4 bedroom ranch on this lot which is considered a teardown.

ⓘ 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: $8,118 · $677/mo
• Projected year-2 tax: $8,118 · $677/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 6/10 Major FEMA zone AE · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,536
• − Mortgage interest: −$16,749
• − Property taxes: −$8,118
• − Insurance: −$6,614
• − Repairs & maintenance: −$4,363
• − Management: −$4,363
• − Depreciation: −$8,698
• Taxable income: $5,632
• Est. tax owed @ 24.0%: −$1,352
• After-tax cash flow: $8,184/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: Adlai E Stevenson Hsd 125
• NCES district ID: 1732580
• Math proficiency: 72% ▼ -4.00%
• Reading proficiency: 73% ▼ -2.00%
• Median HH income: $146,434
• Composite: 70.66/100
• National rank: #253
• State rank: #3 of 620 in IL

Livability — Lincolnshire

• Score: 70/100
• State rank: #364
• US rank: #7563

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincolnshire, IL
• City population: 8,728
• Population (ZIP): 8,728

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 (72%)
• Race & ethnicity: White 72% Asian 21% Two or more races 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 8% Scotch-Irish 6% Portuguese 3%
• Foreign-born: 24% · China, South Korea, Canada
• Languages at home: 73% English-only · Chinese 6% Other Indo-European 5% Korean 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: ▼ -131.76%
• Current HPI: 180.9549
• 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

-25.1% since first listed

14 events — show timeline

• 2025-11-19 Relisted — MRED as Distributed by MLS Grid
• 2025-11-19 Relisted — MRED as Distributed by MLS Grid
• 2025-11-06 Contingent — MRED as Distributed by MLS Grid
• 2025-11-06 Contingent — MRED as Distributed by MLS Grid
• 2025-10-31 Relisted — MRED as Distributed by MLS Grid
• 2025-10-31 Relisted — MRED as Distributed by MLS Grid
• 2025-10-24 Price Changed $299,000 MRED as Distributed by MLS Grid
• 2025-10-24 Price Changed $299,000 MRED as Distributed by MLS Grid
• 2025-10-24 Contingent — MRED as Distributed by MLS Grid
• 2025-10-24 Contingent — MRED as Distributed by MLS Grid
• 2025-10-02 Price Changed $359,000 MRED as Distributed by MLS Grid
• 2025-10-02 Price Changed $359,000 MRED as Distributed by MLS Grid
• 2025-08-13 Listed $399,000 MRED as Distributed by MLS Grid
• 2025-08-13 Listed $399,000 MRED as Distributed by MLS Grid

Property tax history

-1.2%/yr

Latest (2024): $8,118 · -27.3% YoY. Source: county tax records.