NOT LISTED FOR SALE

118 Johnson Ave Libertyville, IL 60048

Estimated Value: $475,000 - $590,000

3 Beds
3 Baths
2,102 Sq Ft
$255/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $382,655 $182 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,632/month

102 Days on Market

Highlights

  • Colonial Architecture
  • 4-minute walk to Libertyville Station
  • Fenced Yard
  • Adler Park School Rated A
  • Sitting Room
  • 2 Car Detached Garage

About This Home

As of February 2022

IN TOWN 2 FLAT! GREAT REVENUE STREAM. Easy way to get into Libertyville, live on the 1st floor and rent out the 2nd floor. Great location, within 1/2 block to train, town and all things Libertyville! First floor unit was just completely redone from top to bottom. New kitchen, new bath, cute newly painted den/office with built ins, new light fixtures all oak floors refinished, repainted and cleaned. New privacy fenced in rear yard and new patio. Detached garage for use for both tenants. Upstairs unit is rented and painting just completed. Great revenue stream potential. All utilities are already split. Washer and dryer in unit with separate access for both tenants. Full basement with bath.

Last Agent to Sell the Property

Therese Schaefer

Berkshire Hathaway HomeServices Chicago License #475162457 Listed on: 10/15/2021

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Leslie McDonnell

RE/MAX Suburban License #475124525

RE/MAX Suburban

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,306

Year Built

  • Built in 1920 | Remodeled in 2020

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Fenced Yard
  • Paved or Partially Paved Lot
  • Irregular Lot

Parking

  • 2 Car Detached Garage
  • No Garage
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Sitting Room
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Bathrooms
  • Soaking Tub

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Adler Park Elementary School
  • Highland Middle School
  • Libertyville High School

Utilities

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

Community Details

  • 2 Units
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,306

Year Built

Built in 1920 | Remodeled in 2020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • MRD_AP1: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Hardwood Floors
  • MRD_AP2: Stove,Refrigerator
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Room Type: Enclosed Porch, Sitting Room
  • Basement Description: Unfinished
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio, Porch
  • Foundation Details: Block
  • Lot Features: Fenced Yard, Irregular Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: None/NA
  • 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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Elementary School: Adler Park School
  • High School: Libertyville High School
  • Middle/Junior School: Highland Middle School

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 50X140
  • Zoning: LNC
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 36000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7306.02
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2022
Sold by
Jagmin and Kelli
Bought by
Three Arrows Holdings Llc
Current Estimated Value
$535,421

Purchase Details

Listed on
Oct 15, 2021
Closed on
Feb 23, 2022
Sold by
Faulkner Karen L and Faulkner Edward L
Bought by
Jagmin Kelli and Jagmin Zec
Seller's Agent
Therese Schaefer
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Leslie McDonnell
RE/MAX Suburban
Sold Price
$382,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%
Original Mortgage
$286,991
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 1998
Sold by
Zielinski Joseph G
Bought by
Faulkner Edward L and Faulkner Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.07%

Purchase Details

Closed on
Sep 27, 1993
Sold by
Wise Stephen P and Wise Ami L
Bought by
Zielinski Joseph G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.25%
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
Three Arrows Holdings Llc -- Chicago Title
Jagmin Kelli $383,000 Kim Susan J
Faulkner Edward L $195,000 --
Zielinski Joseph G $113,000 Imperial Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jagmin Kelli $286,991
Previous Owner Faulkner Edward L $155,000
Previous Owner Zielinski Joseph G $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $382,655 -4.3% $182 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/13/2022 01/13/22 For Sale -- -- --
01/07/2022 01/07/22 Pending -- -- --
10/15/2021 10/15/21 For Sale $399,900 -- $190 / 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 $9,794 $131,847 $61,481 $70,366
2023 $8,076 $121,607 $56,706 $64,901
2022 $8,076 $100,973 $54,505 $46,468
2021 $7,781 $98,800 $53,332 $45,468
2020 $7,493 $97,139 $52,435 $44,704
2019 $7,306 $96,215 $51,936 $44,279
2018 $6,939 $94,405 $51,029 $43,376
2017 $6,898 $91,425 $49,418 $42,007
2016 $6,634 $86,683 $46,855 $39,828
2015 $6,593 $81,020 $43,794 $37,226
2014 $6,467 $77,876 $41,149 $36,727
2012 $6,165 $78,552 $41,506 $37,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11225088

Midwest Real Estate Data (MRED)

APN: 11-16-110-021