NOT LISTED FOR SALE

Estimated Value: $239,000 - $324,000

6 Beds
4 Baths
2,120 Sq Ft
$130/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $223,000 $105 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,889/month

131 Days on Market

About This Home

As of December 2021

Charming duplex located a couple miles from downtown Waukegan. 5-10 minutes to Waukegan Harbor, 15 minutes to Gurnee Mills shopping, and 12 minutes to Six Flags. Has been run as a successful Airbnb for the last 4-5 years with excellent income potential. Over double market rent. Each unit features 3 bedrooms and 1.5 baths with hardwood floors. Renovated kitchen with newly painted cabinets and concrete countertops in 2018.

Last Agent to Sell the Property

Stephanie Karstens

Coldwell Banker Realty License #475195186 Listed on: 06/30/2021

Coldwell Banker Realty

Last Buyer's Agent

Jessica DeVries

Southwestern Real Estate, Inc. License #475160694

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,880

Year Built

  • Built in 1962 | Remodeled in 2018

Lot Details

  • 3,136

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Clearview Elementary School
  • Thomas Jefferson Middle School
  • Waukegan High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,880

Year Built

Built in 1962 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1962
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 2
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Cooktop
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Cooktop

Exterior Features

  • List Price: 225000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Elementary School: Clearview Elementary School
  • High School: Waukegan High School
  • Middle/Junior School: Thomas Jefferson Middle School
  • Middle/Junior School District: 60

Lot Info

  • Lot Dimensions: 3,049 SQUARE FEET
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5880.44
  • Tax Year: 2019

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2005
Sold by
Shea Michael and Shea Judith
Bought by
Karstens Dennis J
Current Estimated Value
$275,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2004
Sold by
Wells Fargo Bank Minnesota Na
Bought by
Shea Michael and Shea Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2003
Sold by
Bailey William
Bought by
Wells Fargo Bank Minnesota Na

Purchase Details

Closed on
Jun 29, 2001
Sold by
Pritchett Karen and Bailey William
Bought by
Bailey William

Purchase Details

Closed on
Oct 6, 1998
Sold by
Brown William A
Bought by
Pritchett Karen

Purchase Details

Closed on
Aug 20, 1998
Sold by
Brown William A
Bought by
Bailey William

Purchase Details

Closed on
May 5, 1997
Sold by
Brown William A
Bought by
Brown William A and Brown Annie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,300
Interest Rate
8.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 1997
Sold by
Lasalle Bank Fsb
Bought by
Brown Amos and Brown Annie Laura

Purchase Details

Closed on
Sep 17, 1996
Sold by
Brown Annie L
Bought by
Brown William A
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 Buyer Sale Price Title Company
Karstens Dennis J $178,000 St
Shea Michael $108,000 First American Title Insuran
Wells Fargo Bank Minnesota Na -- --
Bailey William -- --
Pritchett Karen -- --
Bailey William -- --
Brown William A -- Nations Title Agency
Brown Amos -- Nations Title Agency
Brown William A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karstens Dennis J $142,400
Previous Owner Shea Michael $81,000
Previous Owner Brown William A $36,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $223,000 -0.9% $105 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
09/17/2021 09/17/21 For Sale -- -- --
07/19/2021 07/19/21 Pending -- -- --
07/09/2021 07/09/21 For Sale -- -- --
07/02/2021 07/02/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $225,000 -- $106 / 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 $5,141 $67,693 $3,871 $63,822
2023 $6,079 $55,555 $3,177 $52,378
2022 $6,079 $63,030 $2,912 $60,118
2021 $5,766 $56,242 $2,599 $53,643
2020 $5,843 $52,396 $2,421 $49,975
2019 $5,880 $48,012 $2,218 $45,794
2018 $6,922 $54,212 $1,766 $52,446
2017 $6,731 $47,962 $1,562 $46,400
2016 $6,527 $42,762 $2,442 $40,320
2015 $6,309 $38,273 $2,186 $36,087
2014 $3,869 $23,219 $877 $22,342
2012 $4,774 $25,157 $951 $24,206
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11140836

Midwest Real Estate Data (MRED)

APN: 08-32-224-021