NOT LISTED FOR SALE

1414 N Cedar Lake Rd Round Lake Beach, IL 60073

Estimated Value: $462,001

5 Beds
5 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold January 27, 2020

Last sale price $298,000

Est. 55% increase in value since last sale

Current estimated payment $3,030/month

68 Days on Market

About This Home

As of January 2020

Huge price reduction!Great investment property with an annual gross income of $46,000! Fully leased 5 unit multifamily 1 bedroom 520 square foot apartments. Recently remodeled with new appliances in 2014. Some units have recent new paint and carpet. Tenant pays own electric and water. Serious buyers only! Pre-qualification required for all showing requests. Listing agent must accompany all showings!

Last Agent to Sell the Property

Diane Kuhfuss

Keller Williams North Shore West License #475131970 Listed on: 08/19/2019

Keller Williams North Shore West

Last Buyer's Agent

Andriy Voloshchuk

Coldwell Banker Realty License #475178911

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,936

Year Built

  • 1997

Lot Details

  • 5,009

Home Design

  • Slab Foundation
  • Cedar

Additional Features

  • Crawl Space
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $103

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,936

Year Built

1997

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Legal Non Conforming, Residential-Multi-Family
  • Ownership Type: Land Trust
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 16-25 Years
  • Net Oper Income: 882
  • Outdoor Parking: 1-5 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Scavenger Expense: 73
  • Total Annual Exp: 882
  • Total Annual Income: 45318
  • Total Monthly Income: 3850
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1997
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Basement: Crawl

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Cedar
  • Construction: Wood Frame
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Smoke or Fire Protectors
  • Heatventilation: Electric

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 40X125
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 06174120340000

Rental Info

  • Gross Rental Income: 46200
  • Tenant Pays: Air Conditioning, Electric, Heat, Water/Sewer

Multi Family

  • Insurance Expense: 103

Tax Info

  • Taxes: 8786.70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2019
Closed on
Dec 9, 2019
Sold by
Chicago Title Land Trust Company
Bought by
Kardash Nazar
Seller's Agent
Diane Kuhfuss
Keller Williams North Shore West
Buyer's Agent
Andriy Voloshchuk
Coldwell Banker Realty
List Price
$309,900
Sold Price
$298,000
Premium/Discount to List
-$11,900
-3.84%
Total Days on Market
68
Current Estimated Value
$462,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,001
Avg. Annual Appreciation
8.54%
Original Mortgage
$223,500
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2014
Sold by
Kveton Caril L
Bought by
Chicago Title Land Trust Company and Trust #8002366589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 14, 2014
Sold by
American Midwest Bank
Bought by
Kveton Carin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2013
Sold by
Genengels Robert S
Bought by
American Midwest Bank
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
Kardash Nazar $298,000 Chicago Title
Chicago Title Land Trust Company -- Chicago Title Land Trust Co
Kveton Carin L $139,400 Ct
American Midwest Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kardash Nazar $223,500
Previous Owner Chicago Title Land Trust Company $195,000
Previous Owner Kveton Carin L $182,000
Previous Owner Genengels Robert S $562,500
Previous Owner Genengels Robert S $187,500
Previous Owner Genengels Robert S $201,012
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2020 01/27/20 Sold $298,000 -0.6% --
10/26/2019 10/26/19 Pending -- -- --
09/30/2019 09/30/19 Price Changed $299,900 -2.9% --
09/28/2019 09/28/19 Price Changed $308,900 -0.3% --
08/19/2019 08/19/19 For Sale $309,900 0.0% --
05/17/2016 05/17/16 Rented $775 +3.3% --
03/31/2016 03/31/16 For Rent $750 -- --
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 $6,936 $77,653 $6,967 $70,686
2023 $6,936 $71,267 $6,394 $64,873
2022 $6,658 $66,997 $6,236 $60,761
2021 $7,116 $64,396 $5,994 $58,402
2020 $6,848 $61,271 $5,703 $55,568
2019 $6,664 $58,785 $5,472 $53,313
2018 $8,641 $66,411 $6,303 $60,108
2017 $8,496 $62,469 $5,929 $56,540
2016 $8,238 $57,665 $5,473 $52,192
2015 $8,130 $52,681 $5,000 $47,681
2014 $8,334 $56,389 $4,763 $51,626
2012 $8,200 $58,891 $4,974 $53,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10491162

Midwest Real Estate Data (MRED)

APN: 06-17-412-034