NOT LISTED FOR SALE

1101 W Atlantic Ave Waukegan, IL 60085

Estimated Value: $241,650 - $283,000

3 Beds
2 Baths
1,910 Sq Ft
$139/Sq Ft Est. Value

Last Sold July 15, 2019

Last sale price $130,000 $68 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $1,831/month

26 Days on Market

Highlights

  • Property is near a park
  • Fenced Yard
  • Forced Air Heating System
  • Workshop
  • 2 Car Detached Garage
  • Ceiling Fan

About This Home

As of July 2019

This charming brick duplex is located in a great northside neighborhood of Waukegan. There is a two bedroom apartment on first floor and a spacious one bedroom apartment on second floor. Hardwood flooring throughout and lots of storage space in both units. It's rented with long-term tenants who pay gas and electric, while the owner pays water and sanitary. Two car garage and a nice fenced-in backyard. Great investment opportunity or possibility to live-in one unit and rent the other for extra income! Many updates throughout- schedule a showing today!

Last Agent to Sell the Property

Rebecca Solano

Fathom Realty IL, LLC License #475185645 Listed on: 05/10/2019

Fathom Realty IL, LLC

Last Buyer's Agent

Luz Marin

Century 21 Circle License #471020909

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,912

Year Built

  • Built in 1927

Lot Details

  • 5,227 Sq Ft Lot
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Workshop
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Location

  • Property is near a park

Schools

  • Glen Flora Elementary School
  • Daniel Webster Middle School
  • Waukegan High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • Water Sewer Expense $420
  • Gross Income $16,920
  • Net Operating Income $10,787

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,912

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Workshop
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Fireplace-Wood,Garage/Space,Laundry Hook-Up,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Fireplace-Wood,Garage/Space,Hardwood Floors,Walk-In Closet,Oven/Built-in

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 140000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 420

Schools

  • Elementary School: Glen Flora Elementary School
  • High School: Waukegan High School
  • Middle/Junior School: Daniel Webster Middle School
  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 16398
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 10787
  • Insurance Expense: 800
  • GrossIncome: 16920
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4912.12
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2019
Closed on
Jun 28, 2019
Sold by
Farrington Lisa M
Bought by
Santana Veronica
Seller's Agent
Rebecca Solano
Fathom Realty IL, LLC
Buyer's Agent
Luz Marin
Century 21 Circle
List Price
$140,000
Sold Price
$130,000
Premium/Discount to List
-$10,000
-7.14%
Current Estimated Value
$264,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,913
Avg. Annual Appreciation
10.11%

Purchase Details

Closed on
Feb 14, 2012
Sold by
Farrington Lisa M
Bought by
Farrington Lisa M and Lisa M Farrington Trust

Purchase Details

Closed on
Jun 16, 2009
Sold by
Farrington Michael
Bought by
Farrington Lisa M

Purchase Details

Closed on
Jul 24, 2003
Sold by
Labelle Lisa M and Labelle Robert H
Bought by
Farrington Michael and Farrington Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
6.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2003
Sold by
Labelle Robert and Labelle Sharon
Bought by
Farrington Michael and Farrington Lisa

Purchase Details

Closed on
Jan 21, 1994
Sold by
Labelle Lisa M
Bought by
Labelle Lisa M and Labelle Robert H

Purchase Details

Closed on
Aug 31, 1993
Sold by
Labelle Lisa M
Bought by
Labelle Lisa M and Labelle Robert H
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Santana Veronica $130,000 Chicago Title
Farrington Lisa M -- None Available
Farrington Lisa M -- None Available
Farrington Michael -- Stewart Title Company
Farrington Michael -- --
Labelle Lisa M -- --
Labelle Lisa M -- Mid America Title Company
Labelle Lisa M $84,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farrington Michael $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2019 07/15/19 Sold $130,000 -7.1% $68 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
06/01/2019 06/01/19 For Sale $140,000 0.0% $73 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $140,000 -- $73 / Sq Ft
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 $5,107 $60,050 $8,080 $51,970
2023 $5,102 $54,157 $7,287 $46,870
2022 $5,102 $52,187 $7,277 $44,910
2021 $5,551 $53,248 $6,492 $46,756
2020 $5,623 $49,607 $6,048 $43,559
2019 $5,659 $45,457 $5,542 $39,915
2018 $5,046 $39,031 $7,843 $31,188
2017 $4,912 $34,532 $6,939 $27,593
2016 $4,637 $30,007 $6,030 $23,977
2015 $4,537 $26,857 $5,397 $21,460
2014 $4,370 $25,827 $5,463 $20,364
2012 $5,415 $27,981 $5,918 $22,063
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10374588

Midwest Real Estate Data (MRED)

APN: 08-16-112-003