NOT LISTED FOR SALE

1522 Westmoreland Ave Waukegan, IL 60085

Estimated Value: $259,000 - $307,194

4 Beds
2 Baths
1,848 Sq Ft
$155/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $210,000 $114 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,037/month

5 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of March 2022

MULTIPLE OFFERS! Highest & best due Thursday, 2/3/22 by 5pm. Great opportunity for investors or an owner occupant looking for income from the 2nd unit! Ranch style side-by-side duplex on Waukegan's north side. Each unit is 2 bedrooms, 1 bath and each has its own full basement. Separate utilities. Newer roof on duplex. Brand new extra wide driveway in 2021. 2 car attached garage. Excellent location near schools and shopping. Both units rented with long term tenants that would like to stay. Great investment with positive cash flow. Out of state sellers. Property being sold AS IS

Last Agent to Sell the Property

Ginny Leamy

Compass License #475126031 Listed on: 01/29/2022

Compass

Last Buyer's Agent

Stewart Ramirez

E- Signature Realty License #471020107

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,440

Year Built

  • Built in 1986

Lot Details

  • 7,013

Parking

  • 2 Car Attached Garage
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Duplex
  • Ranch Style House
  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 59x117

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,440

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1986
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • MRD_AP1: Stove,Refrigerator,Central Air Conditioner,Laundry Hook-Up
  • MRD_AP2: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Garage/Space,Laundry Hook-Up
  • 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

Exterior Features

  • List Price: 200000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street
  • ParkingTotal: 2
  • Number of Cars: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Middle/Junior School District: 60

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 59X117
  • 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: 8440
  • Tax Year: 2020
  • 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
Jan 29, 2022
Closed on
Feb 28, 2022
Sold by
Oconnor Mark E and Oconnor Katherine M
Bought by
Dela Rosa Patricio
Seller's Agent
Ginny Leamy
Compass
Buyer's Agent
Stewart Ramirez
E- Signature Realty
List Price
$200,000
Sold Price
$210,000
Premium/Discount to List
$10,000
5%
Current Estimated Value
$286,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,549
Avg. Annual Appreciation
7.74%
Original Mortgage
$206,196
Outstanding Balance
$195,365
Interest Rate
4.63%
Mortgage Type
FHA
Estimated Equity
$77,891

Purchase Details

Closed on
Feb 7, 2007
Sold by
Colwell Dean T and Colwell Laura J
Bought by
Oconnor Mark E and Oconnor Katherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
6.28%
Mortgage Type
Commercial
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
Dela Rosa Patricio $210,000 Chicago Title
Oconnor Mark E $198,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dela Rosa Patricio $206,196
Previous Owner Oconnor Mark E $158,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $210,000 +5.0% $114 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
01/29/2022 01/29/22 For Sale $200,000 -- $108 / 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 $6,210 $81,880 $11,043 $70,837
2023 $8,923 $73,858 $9,961 $63,897
2022 $8,923 $91,277 $9,363 $81,914
2021 $8,333 $79,925 $8,351 $71,574
2020 $8,441 $74,460 $7,780 $66,680
2019 $8,494 $68,230 $7,129 $61,101
2018 $6,590 $50,969 $7,567 $43,402
2017 $6,415 $45,094 $6,695 $38,399
2016 $6,055 $39,185 $5,818 $33,367
2015 $5,924 $35,071 $5,207 $29,864
2014 $4,951 $29,265 $3,733 $25,532
2012 $6,136 $31,705 $4,044 $27,661
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11312903

Midwest Real Estate Data (MRED)

APN: 08-17-108-070