NOT LISTED FOR SALE

1515 Laurel Ave Waukegan, IL 60085

Estimated Value: $218,666 - $298,000

4 Beds
2 Baths
1,920 Sq Ft
$131/Sq Ft Est. Value

Last Sold February 01, 2022

Last sale price $160,000 $83 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,680/month

3 Days on Market

About This Home

As of February 2022

Fantastic investment opportunity with cash flow starting on day one! This 2-Flat has two bedrooms and one full bath in each of the units. The main floor unit has access to the full basement with laundry as well as additional storage. There is plenty of parking for both units as there is a long driveway as well as a parking pad.

Last Agent to Sell the Property

Jordan Kaplan

Coldwell Banker Realty License #475168776 Listed on: 11/23/2021

Coldwell Banker Realty

Last Buyer's Agent

Karina Chavez

eXp Realty License #471007134

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,926

Year Built

  • Built in 1930

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 35x166x35x166

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,926

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • 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
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • List Price: 168000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 35X166X35X166
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3926.22
  • Tax Year: 2020
  • Tax Exemptions: None

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
Nov 23, 2021
Closed on
Jan 27, 2022
Sold by
Allen Hayes Timothy
Bought by
Alvarez Rocio F Alvarado
Seller's Agent
Jordan Kaplan
Coldwell Banker Realty
Buyer's Agent
Karina Chavez
eXp Realty
List Price
$168,000
Sold Price
$160,000
Premium/Discount to List
-$8,000
-4.76%
Current Estimated Value
$251,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,167
Avg. Annual Appreciation
10.72%
Original Mortgage
$157,102
Outstanding Balance
$147,507
Interest Rate
3.88%
Mortgage Type
FHA
Estimated Equity
$84,490

Purchase Details

Closed on
Sep 23, 2015
Sold by
The Chicago Trust Company Na
Bought by
Hayes Timothy Allen
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
Alvarez Rocio F Alvarado $160,000 Mari-Kathleen S Zaraza Pc
Hayes Timothy Allen $47,000 Nat
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Rocio F Alvarado $157,102
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2022 02/01/22 Sold $160,000 -4.8% $83 / Sq Ft
11/28/2021 11/28/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $168,000 -- $88 / 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 $4,244 $59,265 $7,578 $51,687
2023 $4,548 $53,012 $6,778 $46,234
2022 $4,548 $52,524 $6,016 $46,508
2021 $3,949 $43,876 $5,175 $38,701
2020 $3,953 $40,876 $4,821 $36,055
2019 $3,926 $37,457 $4,418 $33,039
2018 $3,346 $31,210 $6,254 $24,956
2017 $3,074 $27,612 $5,533 $22,079
2016 $2,781 $23,994 $4,808 $19,186
2015 $3,350 $21,475 $4,303 $17,172
2014 $4,183 $24,722 $3,577 $21,145
2012 $5,184 $26,784 $3,876 $22,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11271650

Midwest Real Estate Data (MRED)

APN: 08-20-422-054