S
Seller's Agent in 2021
Sam Varghese
Netgar Investments Inc
(847) 263-8100
15 Total Sales
108 Drew Ln Waukegan, IL 60085
Estimated Value: $990,000 - $1,041,545
22
Beds
11
Baths
7,224
Sq Ft
$141/Sq Ft
Est. Value
Highlights
- Skylights
- Central Heating
- Baseboard Heating
- Storage Room
About This Home
As of September 2021EXCELLENT INVESTMENT OPPORTUNITY! STUNNING BRICK 11 UNIT APARTMENT BUILDING ON DESIRABLE WEST SIDE OF TOWN SET ON QUIET CUL-DE-SAC STREET. ALL WELL MAINTAINED SPACIOUS 2 BEDROOM, 1 BATH APARTMENTS. 11 WALL AIR CONDITIONER. HIGH EFFICIENCY BOILER! STORAGE & LAUNDRY AREA. AMPLE PARKING 22 SPACES SEALED AND STRIPED. OWNER PAYS HEAT, WATER & SEWER. TENANT PAYS ELEC. GREAT LOCATION.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,373
Year Built
- Built in 1967
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 108 x 152
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Membrane Roofing
- Concrete Perimeter Foundation
Interior Spaces
- 7,224 Sq Ft Home
- 2-Story Property
- Skylights
- Storage Room
Bedrooms and Bathrooms
- 22 Bedrooms
- 11 Bathrooms
Utilities
- Window Unit Cooling System
- Central Heating
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 11 Units
Building Details
- Electric Expense $900
- Fuel Expense $3,205
- Insurance Expense $3,850
- Maintenance Expense $12,300
- Other Expense $1,960
- Trash Expense $2,135
- Water Sewer Expense $3,346
- Operating Expense $68,684
- Gross Income $108,300
- Net Operating Income $41,226
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2021
Closed on
Sep 28, 2021
Sold by
Ssj Associates Llc
Bought by
Mihira Properties Llc
Seller's Agent
Sam Varghese
Netgar Investments Inc
Buyer's Agent
Sid Malladi
ARNI Realty Incorporated
List Price
$849,000
Sold Price
$780,000
Premium/Discount to List
-$69,000
-8.13%
Total Days on Market
62
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
$235,773
Avg. Annual Appreciation
7.44%
Original Mortgage
$585,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Sep 23, 2016
Closed on
Feb 23, 2017
Sold by
Chaaban Maher Mohamad Abou and Chaaban El Sayeda Abou
Bought by
Ssj Associates Llc
Seller's Agent
Elie Kardoush
Keller Williams North Shore West
Buyer's Agent
Sam Varghese
Netgar Investments Inc
List Price
$650,000
Sold Price
$574,000
Premium/Discount to List
-$76,000
-11.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$452,000
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 30, 2013
Sold by
Khamis Salim
Bought by
Chaaban Maher Mohamad Abou and Chaaban El Sayeda Abou
Purchase Details
Closed on
Feb 26, 2013
Sold by
Northside Community Bank
Bought by
Khamis Salim
Purchase Details
Closed on
Jul 12, 2006
Sold by
Hansen John R
Bought by
Northside Community Bank and Trust #2605
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,000
Interest Rate
7.15%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 6, 2005
Sold by
Coel Taylor Bank
Bought by
Hansen John R and John R Hansen Trust
Purchase Details
Closed on
Nov 9, 1995
Sold by
Hansen John R and Hansen Frieda
Bought by
Grand National Bank
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
7.56%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Mihira Properties Llc | $780,000 | Chicago Title | |
| Ssj Associates Llc | $575,000 | Attorney | |
| Chaaban Maher Mohamad Abou | -- | First American Title Ins Co | |
| Khamis Salim | $460,000 | None Available | |
| Northside Community Bank | $713,000 | Nat | |
| Hansen John R | -- | -- | |
| Grand National Bank | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mihira Properties Llc | $585,000 | |
| Previous Owner | Ssj Associates Llc | $452,000 | |
| Previous Owner | Northside Community Bank | $545,000 | |
| Previous Owner | Chicago Title Land Trust Co | $412,500 | |
| Previous Owner | Old Kent Bank | $680,000 | |
| Previous Owner | Grand National Bank | $352,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $780,000 | -8.1% | $108 / Sq Ft |
| 08/13/2021 08/13/21 | Pending | -- | -- | -- |
| 06/11/2021 06/11/21 | For Sale | $849,000 | +47.9% | $118 / Sq Ft |
| 02/24/2017 02/24/17 | Sold | $574,000 | -11.7% | -- |
| 12/02/2016 12/02/16 | Pending | -- | -- | -- |
| 09/23/2016 09/23/16 | For Sale | $650,000 | 0.0% | -- |
| 01/13/2016 01/13/16 | Rented | $825 | 0.0% | -- |
| 11/30/2015 11/30/15 | For Rent | $825 | -- | -- |
| 11/30/2015 11/30/15 | Under Contract | -- | -- | -- |
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 |
|---|---|---|---|---|
| 2023 | $22,617 | $243,116 | $25,475 | $217,641 |
| 2022 | $22,617 | $231,351 | $24,262 | $207,089 |
| 2021 | $23,909 | $229,333 | $24,050 | $205,283 |
| 2020 | $24,374 | $213,651 | $22,405 | $191,246 |
| 2019 | $24,374 | $195,777 | $20,531 | $175,246 |
| 2018 | $24,962 | $193,072 | $20,247 | $172,825 |
| 2017 | $24,298 | $170,815 | $17,913 | $152,902 |
| 2016 | $22,938 | $148,432 | $15,566 | $132,866 |
| 2015 | $22,441 | $132,849 | $13,932 | $118,917 |
| 2014 | $22,760 | $134,530 | $14,108 | $120,422 |
| 2012 | $24,330 | $145,750 | $15,285 | $130,465 |
Source: Public Records
Agents Affiliated with this Home
-
Sam Varghese
-
Sid Malladi
S
Buyer's Agent in 2021
Sid Malladi
ARNI Realty Incorporated
(847) 345-8007
5 Total Sales
-
Elie Kardoush
Seller's Agent in 2017
Elie Kardoush
Keller Williams North Shore West
(224) 628-2945
108 Total Sales
-
Joanna Elrod
Seller's Agent in 2016
Joanna Elrod
Keller Williams North Shore West
(847) 887-9869
68 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11119628
APN: 08-19-406-013
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