35737 N Hunt Ave · Long Lake, IL 60041

$340,000

3 bd · 1.5 ba · 1,300 sqft · SingleFamily public records · 39 Days on market

Built 2017 5,000 sqft lot Est $276k · 23% over

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• 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 MLS

Welcome to your Dream Home! All brand new construction with neutral tones, ready for your personal touch. Fresh paint, fresh carpet, all new EVERYTHING, be the first owner! Kitchen has dining area, beautiful cherry Shaker cabinets, stainless steel appliances and cabinet space galore. Home has a great flow, architectural details and generous sized bedrooms. 2 car attached garage and full unfinished basement ready for you to make your own! Enjoy the summer relaxing on the deck and take advantage of the forest preserve and bike trails nearby. Also close to main roads for convenience and train station for easy commuting. All you have to do is move in, schedule a showing today!

Key facts

• 5,000 sq ft lot
• 2 garage spots
• Built 2017

Property features AI

Finance

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

Exterior

• Parking: Attached garage (garage owned); Asphalt parking; Two garage spaces (two total parking spaces)
• Utilities: Well water; Public sewer; Electric with circuit breakers and 200+ amp service
• Home design: Detached single-family home; Two-story home; Fee simple ownership
• Construction: Built 6–10 years ago; Vinyl siding; Asphalt roof; Concrete perimeter foundation
• Exterior features: Deck; Fenced yard; Corner lot; School bus service, commuter train access, interstate access

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Stainless steel appliances; Eating area/table space (kitchen approx. 11 x 10)
• Bedrooms: Master bedroom on second level (17 x 12); Second bedroom on second level (10 x 10); Third bedroom on second level (10 x 9)
• Flooring: Carpet in living room and most bedrooms; Vinyl in kitchen and eating area
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Six total rooms; Unfinished attic; Unfinished full basement; Window screens; CO detectors; Ceiling fans; Sump pump; Radon mitigation system; Gas water heater
• Laundry & utility: In-unit laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $2k ($23k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $340k).
• Recommended offer: $330k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#527 in IL) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities F, commute 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.
• Zoned schools: Grant Community High School (math 23% / reading 27%, grade F, #247 of 693 statewide, top 36%, 1,837 students, 0% FRL).
• Market conditions: 35 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $95k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y ago; this cycle's ask is 100% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $172k; list at $340k implies a 98% gain — meaningful room to come down on a strong offer.

Recommended offer $329,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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.
5. 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.
6. 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: 1.56% ✓
• Cap rate: 13.14%
• Cash-on-cash: 24.47%
• DSCR: 2.09
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $275,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35737 N Hunt Ave	0.00mi	3/1.5	1,300 (0%)	1mo	$350,000	$269	100
35694 N Helendale Rd	0.12mi	3/1.0	1,275 (-2%)	10mo	$179,900	$141	81
35694 N Laurel Ave	0.27mi	3/2.0	1,415 (+9%)	0mo	$261,000	$184	70
35850 N Benjamin Ave	0.23mi	3/2.5	1,260 (-3%)	12mo	$297,500	$236	70
35663 N Helendale Rd	0.12mi	4/1.5 (+1)	1,416 (+9%)	6mo	$300,000	$212	70
35790 N Wilson Rd	0.13mi	3/1.0	1,188 (-9%)	12mo	$280,000	$236	67
26177 W Lakeview Ave	0.37mi	2/1.0 (-1)	1,182 (-9%)	3mo	$199,000	$168	58
36127 N James Ct	0.48mi	3/1.0	1,230 (-5%)	15mo	$220,000	$179	54
35193 N Wilson Rd	0.57mi	2/1.0 (-1)	1,314 (+1%)	14mo	$230,000	$175	53
404 Monroe Ave	0.60mi	3/2.0	1,368 (+5%)	12mo	$290,000	$212	51
35569 N Olive St	0.65mi	4/3.5 (+1)	1,292 (-1%)	15mo	$260,000	$201	43
502 Monroe Ave	0.57mi	3/2.0	1,160 (-11%)	13mo	$270,000	$233	42

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: 17.8%
• Equity multiple: 1.72×
• Total profit: $68,550
• Equity at exit: $50,695

10-year hold

• IRR: 26.3%
• Equity multiple: 3.30×
• Total profit: $218,979
• Equity at exit: $29,397

Cash invested: $95,200 (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 60041

• Home prices YoY: -25.0%
• Active inventory: 35
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $5,321 medium
• Mortgage (P&I): −$1,783
• Tax from tax record: −$338 /mo · $4,054/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,117
• Net cashflow: $1,941

Break-even live

Break-even rent $2,864

Max offer price $340,000

Occupancy floor 59%

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: $85,000
• Closing costs: $10,200
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
601 Blue Springs Dr Unit 289 Fox Lake, IL	3.0	2.5	1837	$2,750	$1.50	24d	1	1.30mi
184 E Grand Ave Unit 1374785P Fox Lake, IL	4.0	3.0	1593	$7,875	$4.94	6d	1	1.49mi

Listing history 22 events

1. 2026-05-19
   status Pending
2. 2026-04-20
   historical Contingent - Continue to Show
3. 2026-04-10
   status Active
4. 2026-04-09
   historical
5. 2026-03-20
   historical
6. 2017-06-08
   soldstatus $172,000 Closed Sale 685-char remark

   Show marketing remark (685 chars)

   Welcome to your Dream Home! All brand new construction with neutral tones, ready for your personal touch. Fresh paint, fresh carpet, all new EVERYTHING, be the first owner! Kitchen has dining area, beautiful cherry Shaker cabinets, stainless steel appliances and cabinet space galore. Home has a great flow, architectural details and generous sized bedrooms. 2 car attached garage and full unfinished basement ready for you to make your own! Enjoy the summer relaxing on the deck and take advantage of the forest preserve and bike trails nearby. Also close to main roads for convenience and train station for easy commuting. All you have to do is move in, schedule a showing today!

7. 2017-05-05
   historical Contingent 685-char remark

   Show marketing remark (685 chars)

   Welcome to your Dream Home! All brand new construction with neutral tones, ready for your personal touch. Fresh paint, fresh carpet, all new EVERYTHING, be the first owner! Kitchen has dining area, beautiful cherry Shaker cabinets, stainless steel appliances and cabinet space galore. Home has a great flow, architectural details and generous sized bedrooms. 2 car attached garage and full unfinished basement ready for you to make your own! Enjoy the summer relaxing on the deck and take advantage of the forest preserve and bike trails nearby. Also close to main roads for convenience and train station for easy commuting. All you have to do is move in, schedule a showing today!

8. 2017-04-21
   listed $169,900 New 685-char remark

   Show marketing remark (685 chars)

   Welcome to your Dream Home! All brand new construction with neutral tones, ready for your personal touch. Fresh paint, fresh carpet, all new EVERYTHING, be the first owner! Kitchen has dining area, beautiful cherry Shaker cabinets, stainless steel appliances and cabinet space galore. Home has a great flow, architectural details and generous sized bedrooms. 2 car attached garage and full unfinished basement ready for you to make your own! Enjoy the summer relaxing on the deck and take advantage of the forest preserve and bike trails nearby. Also close to main roads for convenience and train station for easy commuting. All you have to do is move in, schedule a showing today!

9. 2016-09-26
   soldstatus $10,000
10. 2016-09-19
    soldstatus $10,000 Closed Sale
11. 2016-08-15
    historical Contingent
12. 2016-07-25
    price $13,000
13. 2016-06-26
    price $15,500
14. 2016-04-30
    price $17,350
15. 2016-03-28
    price $17,400
16. 2015-10-23
    status Reactivated
17. 2015-10-08
    status Pending
18. 2015-10-06
    status Reactivated
19. 2015-09-24
    historical Contingent
20. 2015-09-11
    listed $17,500 New
21. 2005-11-07
    soldstatus $35,000
22. 2005-10-11
    soldstatus $133,000

ⓘ 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: $4,054 · $338/mo
• Projected year-2 tax: $5,886 · $491/mo
• Expected delta: +$1,832/yr (+$153/mo · 45.2%)

ⓘ 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 2/10 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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $63,850
• − Mortgage interest: −$19,045
• − Property taxes: −$4,054
• − Insurance: −$1,700
• − Repairs & maintenance: −$5,108
• − Management: −$5,108
• − Depreciation: −$9,891
• Taxable income: $18,943
• Est. tax owed @ 24.0%: −$4,546
• After-tax cash flow: $18,745/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 — Long Lake

• Score: 67/100
• State rank: #527
• US rank: #10914

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 8,920

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 (65%)
• Race & ethnicity: White 65% Hispanic / Latino 23% Two or more races 15% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 15% Puerto Rican 2% Cuban 2%
• Common ancestry: Romanian 12% Lithuanian 3% Iranian 2%
• Foreign-born: 8% · Canada
• Languages at home: 83% English-only · Spanish 15% Russian/Polish/Slavic 1% French/Haitian/Cajun 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: ▼ -76.75%
• Current HPI: 230.4464
• 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

+29.3% since first listed

22 events — show timeline

• 2026-05-19 Pending — MRED as Distributed by MLS Grid
• 2026-04-20 Contingent — MRED as Distributed by MLS Grid
• 2026-04-10 Relisted — MRED as Distributed by MLS Grid
• 2026-04-09 Listing Removed — MRED as Distributed by MLS Grid
• 2026-03-20 Listing Removed — MRED as Distributed by MLS Grid
• 2017-06-08 Sold (MLS) $172,000 MRED as Distributed by MLS Grid
• 2017-05-05 Contingent — MRED as Distributed by MLS Grid
• 2017-04-21 Listed $169,900 MRED as Distributed by MLS Grid
• 2016-09-26 Sold (Public Records) $10,000 Public Records
• 2016-09-19 Sold (MLS) $10,000 MRED as Distributed by MLS Grid
• 2016-08-15 Contingent — MRED as Distributed by MLS Grid
• 2016-07-25 Price Changed $13,000 MRED as Distributed by MLS Grid
• 2016-06-26 Price Changed $15,500 MRED as Distributed by MLS Grid
• 2016-04-30 Price Changed $17,350 MRED as Distributed by MLS Grid
• 2016-03-28 Price Changed $17,400 MRED as Distributed by MLS Grid
• 2015-10-23 Relisted — MRED as Distributed by MLS Grid
• 2015-10-08 Pending — MRED as Distributed by MLS Grid
• 2015-10-06 Relisted — MRED as Distributed by MLS Grid
• 2015-09-24 Contingent — MRED as Distributed by MLS Grid
• 2015-09-11 Listed $17,500 MRED as Distributed by MLS Grid
• 2005-11-07 Sold (Public Records) $35,000 Public Records
• 2005-10-11 Sold (Public Records) $133,000 Public Records

Property tax history

+14.9%/yr

Latest (2024): $4,054 · -1.4% YoY. Source: county tax records.