Seller's Agent in 2022
Valerie Frossard
Coldwell Banker Realty
(224) 223-2330
15 Total Sales
1009 W Glen Flora Ave Waukegan, IL 60085
Estimated Value: $1,995,000
40
Beds
20
Baths
22,815
Sq Ft
$87/Sq Ft
Est. Value
About This Home
As of August 2022Great 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.
Last Agent to Sell the Property
Coldwell Banker Realty License #475158878 Listed on: 06/03/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $38,400
Year Built
- Built in 1960
Lot Details
- 0.67 Acre Lot
- Lot Dimensions are 218x133.96
- Additional Parcels
Home Design
- Brick Exterior Construction
- Block Foundation
- Stone Siding
Interior Spaces
- 22,815 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 40 Bedrooms
- 20 Bathrooms
Unfinished Basement
- Block Basement Construction
- Basement Storage
Utilities
- No Cooling
- Forced Air Heating System
- Hot Water Heating System
- Heating System Uses Gas
- 100 Amp Service
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- Association fees include heat, water, parking, insurance, security, exterior maintenance, lawn care, scavenger, snow removal
- 20 Units
Building Details
- Electric Expense $2,206
- Fuel Expense $13,962
- Insurance Expense $10,799
- Trash Expense $6,334
- Water Sewer Expense $11,186
- Gross Income $228,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2022
Closed on
Aug 30, 2022
Sold by
Fifi Two Llc
Bought by
Winston Bear Holdings Llc
Seller's Agent
Valerie Frossard
Coldwell Banker Realty
Buyer's Agent
Cyriac Lukose
Coldwell Banker Realty
List Price
$1,900,000
Sold Price
$1,750,000
Premium/Discount to List
-$150,000
-7.89%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,000
Avg. Annual Appreciation
4.06%
Original Mortgage
$1,312,500
Interest Rate
5.5%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 10, 2020
Sold by
Banderowicz Edwin A
Bought by
Fifi Two Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$826,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 18, 2006
Sold by
Fohrman Paula A and Paula Ann Fohrman Trust
Bought by
Banderowicz Edwin A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,421
Interest Rate
6.2%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 31, 1994
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Fohrman Paula A and Paual Ann Fohrman Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Winston Bear Holdings Llc | $1,750,000 | First American Title | |
| Fifi Two Llc | $1,180,000 | Chicago Title | |
| Banderowicz Edwin A | $860,000 | Ctic | |
| Fohrman Paula A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Winston Bear Holdings Llc | $1,312,500 | |
| Previous Owner | Fifi Two Llc | $826,000 | |
| Previous Owner | Banderowicz Edwin A | $792,421 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2022 08/12/22 | Sold | $1,750,000 | -7.9% | $77 / Sq Ft |
| 06/17/2022 06/17/22 | Pending | -- | -- | -- |
| 06/04/2022 06/04/22 | For Sale | $1,900,000 | -- | $83 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $22,425 | $248,727 | $27,027 | $221,700 |
| 2023 | $21,480 | $237,821 | $25,842 | $211,979 |
| 2022 | $21,480 | $219,720 | $24,612 | $195,108 |
| 2021 | $22,707 | $217,803 | $24,397 | $193,406 |
| 2020 | $23,148 | $202,910 | $22,729 | $180,181 |
| 2019 | $23,148 | $185,934 | $20,827 | $165,107 |
| 2018 | $23,707 | $183,368 | $20,540 | $162,828 |
| 2017 | $23,077 | $162,229 | $18,172 | $144,057 |
| 2016 | $21,785 | $140,971 | $15,791 | $125,180 |
| 2015 | $21,313 | $126,171 | $14,133 | $112,038 |
| 2014 | $21,616 | $127,768 | $14,312 | $113,456 |
| 2012 | $23,124 | $138,422 | $15,505 | $122,917 |
Source: Public Records
Agents Affiliated with this Home
-
Valerie Frossard
-
Cyriac Lukose
C
Buyer's Agent in 2022
Cyriac Lukose
Coldwell Banker Realty
(847) 877-2870
10 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11424643
APN: 08-16-302-002
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