P
Seller's Agent in 2020
Peter Kakenmaster
Kakenmaster and Associates, Inc.
(847) 951-0182
27 Total Sales
1351 W Maple Ave Mundelein, IL 60060
Cambridge NeighborhoodEstimated Value: $4,830,445
67
Beds
39
Baths
--
Sq Ft
3.66
Acres
About This Home
As of September 2020Excellent 39-unit multifamily investment opportunity in prime Lake County location. Built in 1995, Lakeside Apartments features 11 one bed/one bath units, 24 two bed/one bath units, and 4 handicap accessible two bed/one bath units ranging from ~700 SF to ~1,050 SF. Each unit is equipped with refrigerator, oven/range, range hood, microwave, dishwasher, and electric hot water heater. 32 units feature a balcony or patio. Coin operated washers and dryers available in common area (6 washers and 6 dryers), plus stackable washer/dryer in handicap accessible units (4 in total). Building security intercom system, energy saving insulation, soundproofing throughout, and fully sprinklered/alarmed fire protection. 200 amp house service and 125 amp service in each unit. 29 garage spaces on the property. Picnic and barbecue areas available at rear of property for residents. Low vacancy and turnover. Highly desirable location close to downtown Mundelein and Mundelein schools, and near parks and recreation. See Documents for EIFS Cladding Evaluation and two bids for repair.
Last Agent to Sell the Property
Kakenmaster and Associates, Inc. License #471001121 Listed on: 07/20/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $109,021
Year Built
- 1995
Lot Details
- 3.66
Home Design
- Slab Foundation
- Stucco Exterior Insulation and Finish Systems
Utilities
- Central Air
Listing and Financial Details
- Tenant pays for air conditioning, electric, heat
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 20, 2020
Closed on
Sep 25, 2020
Sold by
Rhmg Enterprises Llc
Bought by
Lakeside Hms Apartments Llc
Seller's Agent
Peter Kakenmaster
Kakenmaster and Associates, Inc.
Buyer's Agent
Robert Oliver
Beaulieu Real Estate
List Price
$3,450,000
Sold Price
$3,350,000
Premium/Discount to List
-$100,000
-2.9%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,480,445
Avg. Annual Appreciation
7.58%
Original Mortgage
$3,150,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 25, 2020
Sold by
Rhmg Enterprises Llc
Bought by
Lakeside Hms Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Interest Rate
2.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 8, 1998
Sold by
Rhmg Enterprises Inc
Bought by
Rhmg Enterprises Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lakeside Hms Apartments Llc | $3,350,000 | Chicago Title | |
| Lakeside Hms Apartments Llc | $3,350,000 | Chicago Title | |
| Rhmg Enterprises Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lakeside Hms Apartments Llc | $3,150,000 | |
| Previous Owner | Lakeside Hms Apartments Llc | $3,150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2020 09/30/20 | Sold | $3,350,000 | -2.9% | -- |
| 08/04/2020 08/04/20 | Pending | -- | -- | -- |
| 07/20/2020 07/20/20 | For Sale | $3,450,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $109,021 | $1,120,388 | $174,314 | $946,074 |
| 2023 | $102,569 | $1,026,560 | $159,716 | $866,844 |
| 2022 | $102,569 | $953,435 | $239,649 | $713,786 |
| 2021 | $91,651 | $857,423 | $231,254 | $626,169 |
| 2020 | $87,566 | $833,826 | $224,890 | $608,936 |
| 2019 | $87,566 | $806,408 | $217,495 | $588,913 |
| 2018 | $89,920 | $818,015 | $173,301 | $644,714 |
| 2017 | $89,728 | $807,143 | $167,846 | $639,297 |
| 2016 | $87,763 | $817,722 | $170,046 | $647,676 |
| 2015 | $91,775 | $863,031 | $159,413 | $703,618 |
| 2014 | $491 | $855,436 | $158,010 | $697,426 |
| 2012 | $93,974 | $863,031 | $159,413 | $703,618 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Kakenmaster
-
Kylie Gehrke
Seller Co-Listing Agent in 2020
Kylie Gehrke
Kakenmaster and Associates, Inc.
(847) 732-8822
25 Total Sales
-
Robert Oliver
R
Buyer's Agent in 2020
Robert Oliver
Beaulieu Real Estate
(773) 282-7979
2 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10788652
APN: 10-24-300-012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 1021 Wrens Gate
- 1734 Bishops Way
- 851 Glenview Ave
- 973 Highland Rd
- 547 N Ridgemoor Ave
- 728 W Maple Ave
- 1100 Franklin St
- 1912 Friars Ln
- 249 Stafford Dr
- 262 N Fairlawn Ave
- 191 Springbrook Ct
- 522 W Park St
- 1300 Kettering Rd
- 625 N Emerald Ave
- 1313 Turnberry Ln
- 1285 Appleby Cir
- 1340 Spalding Dr
- 1349 Spalding Dr
- 123 Dunton Ct
- 634 N Prairie Ave
- 1031 Wrens Gate
- 1033 Wrens Gate Unit 3
- 1515 W Maple Ave
- 631 Woodhaven Dr
- 633 Woodhaven Dr
- 635 Woodhaven Dr
- 637B Woodhaven Dr
- 641 Woodhaven Dr
- 643 Woodhaven Dr
- 629 Woodhaven Dr
- 1036 Wrens Gate
- 1038 Wrens Gate
- 1029 Wrens Gate
- 645 Woodhaven Dr Unit DR31645
- 647 Woodhaven Dr Unit DR31647
- 649 Woodhaven Dr Unit DR31649
- 651 Woodhaven Dr Unit DR31651
- 655 Woodhaven Dr Unit DR31655
- 653 Woodhaven Dr Unit DR31653
- 653 Woodhaven Dr Unit 653