NOT LISTED FOR SALE

1820 Melrose Ave Unit 26 Waukegan, IL 60085

West Waukegan Neighborhood

Estimated Value: $191,377 - $241,000

8 Beds
4 Baths
-- Sq Ft
3,790 Sq Ft Lot

Last Sold October 02, 2012

Last sale price $155,000

Est. 34% increase in value since last sale

Current estimated payment $1,399/month

50 Days on Market

About This Home

As of October 2012

ATTENTION INVESTORS!!! 12%+ CAP Rate. 31,200 Gross rental Income a year! Roughly 21,500 net income! Numbers work great for investors or live in owner lives free. Building has been completely rehabbed just plug and play no work needed. All new mechanicals, new roof, new kitchens, new bathrooms. Both units have 4 bedrooms, 2 full baths, a basement kitchenette, and attached garage.Not short sale or REO just motivated

Last Agent to Sell the Property

Luke Wojcik

Triton Realty Group LLC License #475139979 Listed on: 08/01/2012

Last Buyer's Agent

Brenda Newman-Lawler

RE/MAX Plaza License #475094630

RE/MAX Plaza

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $3,608

Year Built

  • 1950

Lot Details

  • 3,790

Parking

  • 2

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Washington Elementary School
  • Waukegan High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Lake Michigan Water

Property Details

Home Type

Other

Est. Annual Taxes

$3,608

Year Built

1950

Lot Details

0

Parking

2

Interior Features

  • Total # Of Rooms: 18
  • Basement: Full
  • Basement: Finished

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 2
  • Parking Type: Garage

Utilities

  • Water: Lake Michigan
  • Heat/Fuel: Gas, Electric, Forced Air, Baseboard

Condo/Co-op/Association

  • Units in Building: 2

Schools

  • Elementary School: Washington Elementary School
  • High School: Waukegan High School
  • Junior High Dist: 60
  • Junior High: Thomas Jefferson Middle School

Lot Info

  • Lot Dimensions: 69X124

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2012
Closed on
Sep 27, 2012
Sold by
Melrose Place Llc
Bought by
Duarte Ignacio and Duarte Carnila
Seller's Agent
Luke Wojcik
Triton Realty Group LLC
Buyer's Agent
Brenda Newman-Lawler
RE/MAX Plaza
List Price
$164,900
Sold Price
$155,000
Premium/Discount to List
-$9,900
-6%
Current Estimated Value
$207,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,844
Avg. Annual Appreciation
2.25%

Purchase Details

Closed on
Oct 28, 2008
Sold by
Gaffney David
Bought by
Melrose Place Llc

Purchase Details

Closed on
May 14, 2004
Sold by
Gaffney David G
Bought by
Melrose Place Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Duarte Ignacio $155,000 Greater Metropolitan Title L
Melrose Place Llc -- None Available
Melrose Place Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2012 10/02/12 Sold $155,000 -3.1% --
09/20/2012 09/20/12 Pending -- -- --
09/17/2012 09/17/12 Price Changed $159,900 +6.7% --
08/28/2012 08/28/12 Price Changed $149,900 -9.1% --
08/01/2012 08/01/12 For Sale $164,900 -- --
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 $3,608 $42,779 $4,956 $37,823
2023 $3,666 $38,266 $4,433 $33,833
2022 $3,666 $37,498 $6,619 $30,879
2021 $3,820 $36,638 $6,393 $30,245
2020 $3,869 $34,133 $5,956 $28,177
2019 $3,894 $31,278 $5,458 $25,820
2018 $3,945 $30,517 $5,453 $25,064
2017 $3,841 $26,999 $4,824 $22,175
2016 $3,625 $23,461 $2,794 $20,667
2015 $3,547 $20,998 $2,501 $18,497
2014 $3,639 $21,512 $2,235 $19,277
2012 $4,511 $23,306 $2,421 $20,885
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08130152

Midwest Real Estate Data (MRED)

APN: 08-20-419-033