$1,750,000
$1,900,000
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22,815 SqFt
SOLD DATE : 08/12/2022
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 22,815 sqft
Price per Sqft $76
MLS Listing ID 11424643
Sold Date 08/12/22
Year Built 1960
Annual Tax Amount $38,400
Tax Year 2021
Lot Size 0.670 Acres
Lot Dimensions 218X133.96
Property Sub-Type Multi Family 5+
Property Description
Great income producing property! 5 all brick buildings located in North Waukegan 2 miles west of Lake Michigan. This property offers 20 apartments, many have been remodeled and 100% occupied. Many tenants are long term. Each building has 4 apartments and 2 basements (can be converted for extra rental income for storage/coin washer/dryer, vending machines, etc. Each building has front and rear access as well as each apartment. Each unit has 4 rooms, 2 bed, 1 bath & 1 parking spot. 2 car detached garage provides extra storage for tools and equipment that can easily be converted to additional income space. Building improvements include 18 remodeled apartments, gutters/downspouts, building perimeter sealed, basement drain tiles, furnace motor, 2 water heaters and 1 new basement bathroom.
Location
State IL
County Lake
Area Park City / Waukegan
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
Roof Type Other
Building
Level or Stories 2
Structure Type Brick, Stone
Others
HOA Fee Include Heat, Water, Parking, Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
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Bought with Cyriac Lukose • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "