$315,000 Price Analysis    ♡   Waukegan, IL 60085 4 bed 3 bath 1,811 SqFt ($173/SqFt) 7,500SqFt lot. Built 1971 Listed 2024-06-11, Taxes $7,121 | Ⓧ USDA Ineligible due to location near Park City |
Looking for a move-in ready multi-unit property that offers both living space and investment potential? This 2-unit gem
* Has Contingent Offer *Located on the border of Waukegan and Gurnee, boasts the charm of a single-family home and is situated in a well-maintained neighborhood with similar properties. The downstairs unit features a living room, family room/office, 2 bedrooms, eat-in kitchen and bathroom. The upstairs unit mirrors this layout, minus the family room. If you decide to live in the downstairs unit and rent out upstairs, you'll have access to a fully finished basement complete with a half bath, showr, laundry facilities, recreation room and bonus room. See the floor plans in the property photos for more details. Currently shared, the basement space could easily be integrated into the downstairs unit for additional living space.
Parking is abundant with an attached 2-car garage offering internal access for both units, along with a 3-car driveway. Outside, a well-maintained yard and deck provide outdoor enjoyment for all occupants. The property has undergone regular updates, with a major improvement made each year to ensure its pristine condition. Recent upgrades include an epoxy resin garage floor and the addition of a deck, making this home a fantastic investment opportunity. Downstairs tenants are family who, if required, will be moving out at closing and upstairs is on month to month. For investors, these units could easily bring in a combined rent that would follow the 1% rule or slightly better, whilst the area is seeing tremendous value appreciation (12% in the last 12 months) as one of t he affordable areas left in Lake County and the Chicago North Shore.
Presented by Ryan Pavey at
Baird & Warner Libertyville.
Property MLS #12077996 from MRED
Bedrooms Possible: 4
Basement Features: Full
Basement Description: Finished
Full Bathrooms: 2
1/2 Bathrooms: 1
Lot Size Dimensions: 125X60
Lot Size Square Feet: 7500
Garage Description: Attached
Garage Features: Garage Door Opener(s)
Parking Features: Unassigned, Off Street
Parking Total: 5
Calculated Total Monthly Association Fees: 0
Elementary School District: 60
High School: Waukegan High School
High School District: 60
Map directions Map directions Map directions Map directionsBedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 4
Unit-1 Description: Unit 1
Unit-2 Description: Unit 2
Unit-1 Square Feet: 986
Unit-2 Square Feet: 825
Unit 2 Total Actual Rent: 1300
Source Listing Status: Active Under Contract
County: Lake
Directions: Heading North on IL 41 turn right on to Washington St. After 0.2 miles turn left on to Green Bay Rd and continue 0.9 miles before turning right on to Brookside Ave.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 08192170050000
Township: Waukegan
Property Subtype: Two to Four Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $74,109 + $9,738 $83,847 | $7,121 |
| 2021 | $65,769 + $8,321 $74,090 | $5,904 |
| 2020 | $61,272 + $7,752 $69,024 | $6,132 |
| 2019 | $56,146 + $7,103 $63,249 | $6,343 |
| 2018 | $46,936 + $9,140 $56,076 | $2,599 |
| 2017 | $41,525 + $8,086 $49,611 | $2,786 |
| 2016 | $36,084 + $7,026 $43,110 | $3,027 |
| 2015 | $32,296 + $6,288 $38,584 | $3,309 |
| 2014 | $32,296 + $6,288 $38,584 | $3,316 |
| 2013 | $23,305 + $7,284 $30,589 | $3,457 |
| 2012 | $30,579 + $9,558 $40,137 | $4,845 |
| 2011 | $38,224 + $11,948 $50,172 | $5,300 |
| 2010 | $48,249 + $12,064 $60,313 | $5,543 |
| 2009 | $51,043 + $18,655 $69,698 | $5,637 |
| 2008 | $52,508 + $19,190 $71,698 | $5,331 |
| 2007 | $50,382 + $18,413 $68,795 | $5,664 |
| 2006 | $48,445 + $17,706 $66,151 | $5,570 |
$315,000
MRED
Listing removed 2017-06-13
$199,900
MRED
Listed 2017-04-18
$199,900
MRED
Sold 1986-03-01
$100,500
Public Record
Property Age: 53
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.