NOT LISTED FOR SALE

2034 Williamsburg Dr Waukegan, IL 60085

Estimated Value: $470,000 - $630,621

12 Beds
8 Baths
4,704 Sq Ft
$116/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $525,000 $112 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,734/month

55 Days on Market

Highlights

  • Property is near a park
  • Forced Air Heating System
  • Paved or Partially Paved Lot

About This Home

As of August 2023

This 4-unit is a Townhome-style property with LARGE, desirable rental units! Two of the units have been completely renovated and two of the units have long-time tenants. The renovated units feature gleaming hardwood floors, renovated and updated kitchens with white cabinets and granite countertops, a half bath on the first floor, three bedrooms upstairs with a full bathroom, PLUS a private basement for each unit with space for a playroom, rec room, AND a large laundry room INCLUDING a washer and dryer. Each unit has 1 designated parking space as well, plus one unit has a bonus spot (extra income for the landlord!) Central Air Conditioning in the two renovated units and updated electrical panels, HVAC and plumbing. NEW COPPER PIPES IN THE 2 RENOVATED UNITS. KOHLER FIXTURES. LED LIGHTING SO YOU DON'T HAVE TO CHANGE LIGHTBULBS. This property has INCREDIBLE CASH FLOW!

Last Agent to Sell the Property

Rebecca Solano

Fathom Realty IL, LLC License #475185645 Listed on: 05/22/2023

Fathom Realty IL, LLC

Last Buyer's Agent

Zaeir Ghabayen

Direct Realty, LLC License #475130879

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,361

Year Built

  • Built in 1959 | Remodeled in 2020

Lot Details

  • Lot Dimensions are 30x125
  • Paved or Partially Paved Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 8 Bathrooms

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • Clearview Elementary School
  • Miguel Juarez Middle School
  • Waukegan High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near a park

Community Details

  • 4 Units
  • Insurance Expense $3,057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,361

Year Built

Built in 1959 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1959
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Full
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 4
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Garage/Space,Laundry Hook-Up,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Range Hood,Hardwood Floors
  • Room: 5

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 535000
  • Roof: Asphalt, Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 5
  • Number of Cars: 5
  • Parking: 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

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Elementary School: Clearview Elementary School
  • High School: Waukegan High School
  • Middle/Junior School: Miguel Juarez Middle School
  • Middle/Junior School District: 60

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Insurance Expense: 3057
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 7361.36
  • Tax Year: 2022
  • Tax Exemptions: None

MLS Schools

  • Othr Public Sch: LEARN Charter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Jul 28, 2023
Sold by
Greentown Investments Llc Series 2034 Wi
Bought by
Hussien Rahima
Seller's Agent
Rebecca Solano
Fathom Realty IL, LLC
Buyer's Agent
Zaeir Ghabayen
Direct Realty, LLC
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Views
543
Current Estimated Value
$546,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,155
Avg. Annual Appreciation
1.85%
Original Mortgage
$480,768
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 18, 2020
Closed on
Dec 4, 2020
Sold by
Greentown Investments Llc
Bought by
Frydrychowicz Marc A
Seller's Agent
Joanna Elrod
Keller Williams North Shore West
Buyer's Agent
Rebecca Solano
Fathom Realty IL
List Price
$230,000
Sold Price
$210,000
Premium/Discount to List
-$20,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.41%
Original Mortgage
$130,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2009
Sold by
Solayman Joseph
Bought by
Frydrychowicz Marc A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
4.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 2, 2005
Sold by
Solomon Erik
Bought by
Solayman Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2003
Sold by
Gerlach Ronald J and Gerlach Joanne D
Bought by
Solomon Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 1999
Sold by
Nisbet James R and Nisbet Michelle A
Bought by
Gerlach Ronald J and Gerlach Jaonne D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
6.99%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 1995
Sold by
Grand National Bank
Bought by
Nisbet James R and Nisbet Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Interest Rate
8.42%
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
Hussien Rahima $525,000 Chicago Title
Frydrychowicz Marc A -- First American Title
Greentown Investments Llc $210,000 First American Title
Frydrychowicz Marc A $135,000 Ticor Title
Solayman Joseph $365,000 Multiple
Solomon Erik $260,000 First American Title
Gerlach Ronald J $228,000 Chicago Title Insurance Co
Nisbet James R $201,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hussien Rahima $480,768
Previous Owner Greentown Investments Llc $130,000
Previous Owner Frydrychowicz Marc A $101,250
Previous Owner Solayman Joseph $328,500
Previous Owner Solomon Erik $208,000
Previous Owner Gerlach Ronald J $182,400
Previous Owner Nisbet James R $159,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2023 08/21/23 Sold $525,000 -1.9% $112 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
06/27/2023 06/27/23 Price Changed $535,000 -2.6% $114 / Sq Ft
06/06/2023 06/06/23 Price Changed $549,000 -4.5% $117 / Sq Ft
05/22/2023 05/22/23 For Sale $575,000 +173.8% $122 / Sq Ft
12/08/2020 12/08/20 Sold $210,000 -8.7% $45 / Sq Ft View Prior Sale
10/22/2020 10/22/20 Pending -- -- --
10/14/2020 10/14/20 For Sale $230,000 0.0% $49 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $230,000 -- $49 / 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 $10,166 $145,001 $9,503 $135,498
2023 $7,361 $107,814 $7,751 $100,063
2022 $7,361 $75,300 $6,799 $68,501
2021 $9,243 $88,660 $8,005 $80,655
2020 $9,363 $82,598 $7,458 $75,140
2019 $12,102 $97,206 $6,834 $90,372
2018 $10,368 $80,193 $8,062 $72,131
2017 $10,092 $70,949 $7,133 $63,816
2016 $9,527 $61,652 $6,198 $55,454
2015 $9,321 $55,179 $5,547 $49,632
2014 $7,027 $44,658 $4,792 $39,866
2012 $7,190 $63,446 $5,192 $58,254
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11772794

Midwest Real Estate Data (MRED)

APN: 08-17-101-011