$299000 Price Analysis    ♡   North Chicago, IL 60064 3 bed 2 bath 1384 SqFt ($216/SqFt) 6207SqFt lot. Built 1925 Listed 2024-07-16, Taxes $4457 | Ⓧ USDA Ineligible due to location near North Chicago |
Discover an incredible investment opportunity with this extensive potential real estate portfolio in North Chicago
Illinois, consisting of 11 single-family homes. This meticulously curated portfolio offers significant potential for increased rental income, as current rents are well below market rates. The properties are located at 1729 Victoria Ave, a 3-bed/1.5-bath home with a 1-car garage, renting for $1, 350/month; 1811 Victoria Ave, a 3-bed/1-bath home renting for $1, 350/month; 1824 Park Ave, a 4-bed/2-bath home renting for $1, 450/month; 1825 Park Ave, a 4-bed/1.5-bath home renting for $2, 500/month; 2800 Argonne Dr, a 2-bed/2-bath home with a 1 -car garage, renting for $1, 450/month; 1920 Prospect Ave, a 3-bed/2-bath home with a 1-car garage, renting for $1, 700/month; 2020 Hervey Ave, a 3-bed/1-bath home renting for $1, 450/month; 1729 Elizabeth Ave, a 5-bed/2-bath hme renting for $2, 500/month; 1314 Lincoln St, a 4-bed/2-bath home renting for $1, 350/month; 1018 Broadway Ave, a 2-bed/1-bath home with a 1-car garage, renting for $1, 365/month; and 1210 Park Ave, a 4-bed/2.5-bath home that is currently vacant and in need of rehabilitation.
The total asking price for this diverse portfolio is $3 million with a total rent of around $16, 500 and taxes are $47317. Located in Lake County, North Chicago is a dynamic area with a strong rental market, bolstered by its proximity to major employers, educational institutions and transportation hubs. The region's economic vitality and growth potential make it an attractive location for tenants, ensuring a steady demand for rental properties. This portfolio not offers stable rental income but also presents opportunities for rental increases, enhancing overall returns. The seller is open to owner financing and creative financing options, providing flexibility and making this an even more appealing investment, they can be bought individually or as a portfolio for $3M all together. With such a robust mix of properties and advantageous financing terms, this portfolio is a rare chance to invest in a high-potential market, offering substantial opportunities for income growth and long-term financial gains.
Presented by Mohammad Anas Fatani at
Realty One Group Excel.
Property MLS #12104948 from MRED
Bedrooms Possible: 3
Primary Bedroom Dimensions: 12 x 12
Bedroom 2 Dimensions: 13 x 10
Bedroom 3 Dimensions: 10 x 10
Primary Bedroom Level: Second
Bedroom 2 Level: Second
Bedroom 3 Level: Second
Office
Basement Features: Full
Living Room Dimensions: 13 x 12
Office/Study Room Dimensions: 16 x 09
Living Room Level: Main
Office/Study Room Level: Main
Basement Description: Unfinished
Full Bathrooms: 1
1/2 Bathrooms: 1
Dining Area Level: Main
Kitchen Dimensions: 12 x 10
Kitchen Level: Main
Lot Size Dimensions: 50X115
Lot Size Square Feet: 6207
Garage Description: Detached
Parking Total: 1
Calculated Total Monthly Association Fees: 0
High School District: 187
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Lake
Directions: JACKSON & 18TH E 1 BLOCK TO VICTORIA TO ADDRESS
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential
Parcel Number: 08333230110000
Township: Waukegan
Property Subtype: Detached Single
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $26747 + $4802 $31549 | $4457 |
| 2021 | $22942 + $4310 $27252 | $3829 |
| 2020 | $19461 + $4008 $23469 | $3203 |
| 2019 | $17833 + $3673 $21506 | $3023 |
| 2018 | $11274 + $3476 $14750 | $2539 |
| 2017 | $9974 + $3075 $13049 | $2254 |
| 2016 | $11112 + $3425 $14537 | $2571 |
| 2015 | $9945 + $3065 $13010 | $2401 |
| 2014 | $9945 + $3065 $13010 | $2853 |
| 2013 | $13845 + $3227 $17072 | $2831 |
| 2012 | $18168 + $4234 $22402 | $2953 |
| 2011 | $22710 + $5293 $28003 | $3352 |
| 2010 | $28665 + $5346 $34011 | $3502 |
| 2009 | $32468 + $6123 $38591 | $3513 |
| 2008 | $33400 + $6299 $39699 | $3569 |
| 2007 | $32048 + $6044 $38092 | $3353 |
| 2006 | $30815 + $5283 $36098 | $3037 |
$299000
MRED
Sold 2016-11-18
$24500
MRED
Listed 2016-10-02
$34900
MRED
Listing removed 2011-12-31
$49900
MRED
Listed 2010-02-25
$49900
MRED
Sold 2003-09-26
$130000
Public Record
Sold 2003-01-24
$46500
Public Record
Year Built: 1925
Foundation Details: Concrete Perimeter
Property Age: 99
Roof: Asphalt
Levels or Stories: 1.5
Water Source: Public
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.