NOT LISTED FOR SALE

1500 Westmoreland Ave Waukegan, IL 60085

Estimated Value: $217,000 - $255,686

4 Beds
2 Baths
1,650 Sq Ft
$141/Sq Ft Est. Value

Last Sold January 26, 2021

Last sale price $131,000 $79 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,721/month

17 Days on Market

About This Home

As of January 2021

GREAT LOCATION. RANCH STYLE DUPLEX. EACH UNIT HAS ITS OWN FULL BASEMENT. GREAT OPPORTUNITY FOR THE INVESTOR WHO IS LOOKING FOR A POSITIVE CASH FLOW OR THE OWNER OCCUPANT LOOKING FOR THE 2ND UNIT TO PAY FOR YOUR MORTGAGE.

Last Agent to Sell the Property

Frank DeNovi

Compass License #471009494 Listed on: 11/20/2020

Compass

Last Buyer's Agent

Terrence Muse

RE/MAX Vision 212 License #475144929

RE/MAX Vision 212

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60x118x61x118

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Heating Available
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1979
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Block
  • List Price: 115900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 60X118X61X118
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 7517.24
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Jan 5, 2021
Sold by
Jrm Financial Llc
Bought by
Hussain Mohammed Adnan
Seller's Agent
Frank DeNovi
Compass
Buyer's Agent
Terrence Muse
RE/MAX Vision 212
List Price
$115,900
Sold Price
$131,000
Premium/Discount to List
$15,100
13.03%
Current Estimated Value
$233,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,172
Avg. Annual Appreciation
11.76%

Purchase Details

Listed on
Nov 20, 2020
Closed on
Dec 31, 2020
Sold by
America Investment Corp
Bought by
Jrm Financial Llc
Seller's Agent
Frank DeNovi
Compass
Buyer's Agent
Terrence Muse
RE/MAX Vision 212
List Price
$115,900
Sold Price
$131,000
Premium/Discount to List
$15,100
13.03%

Purchase Details

Listed on
Aug 2, 2013
Closed on
Aug 2, 2013
Sold by
Garbanzos Juan G and Garbanzos Fe C
Bought by
America Investment Corp
Seller's Agent
Ken Levine
RE/MAX 10 Lincoln Park
Buyer's Agent
Ken Levine
RE/MAX 10 Lincoln Park
List Price
$60,000
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.99%

Purchase Details

Closed on
Jul 30, 2003
Sold by
Garbanzos Juan G and Garbanzos Fe C
Bought by
Garbanzos Juan G and Garbanzos Fe C

Purchase Details

Closed on
Dec 21, 1993
Sold by
Garbanzos Juan G
Bought by
Garbanzos Juan G and Garbanzos Fe C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,800
Interest Rate
7.04%
Mortgage Type
Commercial
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
Hussain Mohammed Adnan $131,000 First American Title
Jrm Financial Llc -- None Available
America Investment Corp $60,000 First American Title Insuran
Garbanzos Juan G -- --
Garbanzos Juan G -- Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garbanzos Juan G $84,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2021 01/26/21 Sold $131,000 +13.0% $79 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $115,900 +93.2% $70 / Sq Ft
08/02/2013 08/02/13 Sold $60,000 0.0% $36 / Sq Ft
08/02/2013 08/02/13 Pending -- -- --
08/02/2013 08/02/13 For Sale $60,000 -- $36 / 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 $5,808 $68,288 $10,967 $57,321
2023 $4,306 $61,597 $9,892 $51,705
2022 $4,306 $44,046 $8,366 $35,680
2021 $4,552 $43,662 $8,293 $35,369
2020 $7,199 $63,511 $7,726 $55,785
2019 $7,246 $58,198 $7,080 $51,118
2018 $5,665 $43,818 $7,516 $36,302
2017 $5,556 $38,767 $6,650 $32,117
2016 $5,206 $33,687 $5,779 $27,908
2015 $5,093 $30,150 $5,172 $24,978
2014 $4,208 $24,871 $4,983 $19,888
2012 $5,215 $26,946 $5,399 $21,547
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10938446

Midwest Real Estate Data (MRED)

APN: 08-17-108-063