1807 16th ST Active Save Request In-Person Tour Request Virtual Tour
North Chicago,IL 60064
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12301935
Style Cape Cod
Bedrooms 5
Year Built 1957
Annual Tax Amount $8,452
Tax Year 2023
Lot Size 7,405 Sqft
Lot Dimensions 3036
Property Sub-Type Two to Four Units
Property Description
BACK ON MARKET BECAUSE BUYER HAD LOAN ISSUE. This ALL BRICK 2-unit home in North Chicago is an incredible opportunity for investors or owner-occupants looking to capitalize on its potential. This property is situated on three PIN numbers and offers added value and versatility for future owners. The main floor unit features 3 bedrooms, 1 bathroom, hardwood floors, and a spacious kitchen, ready for your updates and personal touch. The second unit, currently tenant-occupied, includes 2 bedrooms and a full bathroom, making it an attractive source of rental income. The unfinished basement is perfect for storage- or finishing later on. The detached 2-car garage features a brand-new roof installed just three months ago, while the roof on the main house is approximately 15 years old. Both units share a back entrance, providing easy access to each unit while maintaining privacy. Taxes on this property do not reflect any exemptions, offering a potential savings opportunity for future buyers. The property is being sold as-is to cash or conventional buyers only, as it will not qualify for FHA financing. This sale is also subject to North Chicago inspection and includes 100 tax proration. Showings are designed to prioritize convenience and tenant privacy. The main floor unit, which requires the most work, and the basement are available for go-and-show appointments. If still interested after viewing these areas, access to the tenant-occupied second-floor unit, which is in better condition, and the garage can be arranged with 24-hour notice. This property, with its great bones and income-generating potential, is a must-see. Schedule your showing today!
Location
State IL
County Lake
Area North Chicago
Rooms
Basement Full
Interior
Heating Baseboard,Sep Heating Systems - 2+
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan,Public
New Construction false
Schools
School District 187 ,187, 187
Others
Ownership Fee Simple
Special Listing Condition None