$574,000
SOLD FEB 24, 2017

108 Drew Ln Waukegan, IL 60085

22 Beds
11 Baths
-- Sq Ft
0.37 Acres

Recently Sold

12% Below List Price

70 Days on Market

About This Home

As of September 2021

EXCELLENT INVESTMENT OPPORTUNITY! STUNNING BRICK 11 UNIT APARTMENT BUILDING ON DESIRABLE WEST SIDE OF TOWN SET ON QUIET CUL-DE-SAC STREET. ALL REMODELED 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. SUPER LOCATION OF OTHER FINE BUILDINGS.

Last Agent to Sell the Property

Elie Kardoush

Keller Williams North Shore West License #475166028 Listed on: 09/23/2016

Keller Williams North Shore West

Last Buyer's Agent

Sam Varghese

Netgar Investments Inc License #471004979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,925

Year Built

  • 1967

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $3,205
  • Insurance Expense $3,850

Listing and Financial Details

  • Tenant pays for electric
  • $500 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,925

Year Built

1967

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 41226
  • Outdoor Parking: 19-30 Spaces
  • Repairs Decor Expense: 22654
  • Roof Coverings: Membrane
  • Roof Structure: Flat
  • Scavenger Expense: 2135
  • Total Annual Exp: 68684
  • Total Annual Income: 109910
  • Total Monthly Income: 9160
  • Number of Ranges: 11
  • Number Of Refrigs: 11
  • Number Of Window A C: 11
  • Number Of Stories: 2
  • Estimated Year Built: 1967
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1967

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 22

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Central Heat/Indiv Controls, Hot Water, Baseboard
  • Water Expense: 3346

Condo/Co-op/Association

  • Units in Building: 11

Fee Information

  • Electricity Expense: 900
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 3972

Lot Info

  • Lot Dimensions: 108 X 152
  • Lot Sq Ft: 16513
  • Parcel Identification Number: 08194060130000

Rental Info

  • Gross Rental Income: 108300
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2011
  • Fuel Expense: 3205
  • Gross Rent Multiplier: 6
  • Insurance Expense: 3850
  • Other Expenses: 960
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 22441.27

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%
Current Estimated Value
$1,074,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,527
Avg. Annual Appreciation
8.36%
Original Mortgage
$1,170,000
Interest Rate
3.75%
Mortgage Type
Credit Line Revolving

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
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $780,000 Chicago Title
Warranty Deed $575,000 Attorney
Quit Claim Deed -- First American Title Ins Co
Trustee Deed $460,000 None Available
Warranty Deed $713,000 Nat
Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,170,000 Credit Line Revolving
Previous Owner $452,000 Future Advance Clause Open End Mortgage
Previous Owner $545,000 Commercial
Previous Owner $352,000 Commercial
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

Source: Public Records

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 $22,925 $249,975 $26,643 $223,332
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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09350603

Midwest Real Estate Data (MRED)

APN: 08-19-406-013