NOT LISTED FOR SALE

1332 Edgewood Rd Lake Forest, IL 60045

Estimated Value: $638,000 - $1,045,000

4 Beds
4 Baths
2,188 Sq Ft
$383/Sq Ft Est. Value

Last Sold April 07, 2022

Last sale price $499,900 $228 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,483/month

2 Days on Market

Highlights

  • Farmhouse Style Home
  • Sun or Florida Room
  • Entrance Foyer
  • Sheridan Elementary School Rated A
  • 3 Car Detached Garage
  • Forced Air Heating System

About This Home

As of April 2022

This duplex in East Lake Forest is located on a lovely street between town and beach, just steps to Lake Forest High School. Currently used as a two unit rental property, this property features a main level unit with two bedrooms and two baths, previously rented for $1,700/month, and a second floor unit with two bedrooms and one bath, rented for $1250/month. The full basement features two sets of washers and dryers, storage, a full bath, and mechanical space which has two HVAC systems and two water heaters. This property also has a three car, detached garage and ample parking space which allows for great school-year rental opportunities to LFHS students. This home enjoys a great front porch and a deep setback from the street, giving it great street appeal. This home could continue to operate as an investment property, be converted to a single family home, or possibly be torn down for new construction. Tenant occupied. The home will convey "as-is."

Last Agent to Sell the Property

Suzanne Myers

Coldwell Banker Realty License #475134171 Listed on: 01/10/2022

Coldwell Banker Realty

Last Buyer's Agent

Aleksandra Andreychuk

Aleksa Realty Inc License #471022359

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,931

Year Built

  • Built in 1915

Lot Details

  • 0.3 Acre Lot

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Farmhouse Style Home
  • Stucco

Interior Spaces

  • Entrance Foyer
  • Sun or Florida Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Sheridan Elementary School
  • Deer Path Middle School
  • Lake Forest High School

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,931

Year Built

Built in 1915

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Year Built: 1915
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Other Equipment: Multiple Water Heaters
  • Room Type: Foyer, Sun Room
  • Basement Description: Unfinished,Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher

Exterior Features

  • List Price: 499000
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • 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

Schools

  • Elementary School: Sheridan Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Deer Path Middle School
  • Middle/Junior School District: 67

Lot Info

  • Lot Size Acres: 0.3
  • Lot Dimensions: .3 ACRES
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 10931.06
  • Tax Year: 2020

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Apr 4, 2022
Sold by
Richard L Baldwin Trust
Bought by
Andreychuk Aleksandra
Seller's Agent
Suzanne Myers
Coldwell Banker Realty
Buyer's Agent
Aleksandra Andreychuk
Aleksa Realty Inc
List Price
$499,000
Sold Price
$499,900
Premium/Discount to List
$900
0.18%
Current Estimated Value
$838,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,134
Avg. Annual Appreciation
14.35%
Original Mortgage
$424,915
Outstanding Balance
$404,536
Interest Rate
5%
Mortgage Type
Balloon
Estimated Equity
$391,623
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
Andreychuk Aleksandra $500,000 Semmelmans Wisneski Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andreychuk Aleksandra $424,915
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2022 04/07/22 Sold $499,900 +0.2% $228 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $499,000 -- $228 / 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 $12,699 $218,890 $139,026 $79,864
2023 $10,061 $201,779 $128,158 $73,621
2022 $10,061 $166,617 $105,825 $60,792
2021 $11,769 $198,743 $104,912 $93,831
2020 $11,505 $199,842 $105,492 $94,350
2019 $10,931 $196,174 $103,556 $92,618
2018 $10,536 $202,082 $139,162 $62,920
2017 $10,360 $198,704 $136,836 $61,868
2016 $9,942 $189,134 $130,246 $58,888
2015 $9,837 $178,092 $122,642 $55,450
2014 $9,381 $169,044 $110,108 $58,936
2012 $9,189 $170,510 $111,063 $59,447
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11296333

Midwest Real Estate Data (MRED)

APN: 12-28-104-079