NOT LISTED FOR SALE

204 Llewellyn Ave Highwood, IL 60040

Estimated Value: $356,000 - $546,000

3 Beds
3 Baths
2,073 Sq Ft
$205/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $360,000 $174 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,031/month

1 Day on Market

About This Home

As of July 2022

Calling all Investors!!! Cash-Flowing Investment Opportunity in the heart of the very desirable town of Highwood! This rare Two Flat Cottage is an absolute treasure on the North Shore. Each Two Flat unit features a spacious 1 bedroom and 1 bath w/ graciously sized living room, galley kitchen, and tons of natural light! Plus, a back porch and great yard space. Parallel Parking on the side of Two Unit. The Cottage is a large 1 bedroom and full bath with phenomenal living space, hardwood floors throughout, spacious kitchen, in unit washer and dryer. Also includes off street parking space and yard exclusive to the cottage. Fully occupied units currently producing a 7% cap rate with the arrow pointing up in this hot market with low inventory. Potential monthly rents up to $3,500! Or potential buyer can live there for free with the rental income from the other two units, HOUSE HACK!!! Walking distance from schools, parks, restaurants, bars, and festivals! Lake Michigan is a 20-minute walk away, Steps from Fort Sheridan, and everything else this amazing community of Highwood has to offer!!

Last Agent to Sell the Property

William Platt

Jameson Sotheby's International Realty License #475199197 Listed on: 01/14/2022

Jameson Sotheby's International Realty

Co-Listed By

Nicole Mertens

Baird & Warner License #475184599

Last Buyer's Agent

SILVIA PALACIOS EYZAGUIR

Northwest Real Estate Group License #475173821

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,750

Year Built

  • Built in 1920

Lot Details

  • 0.25

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Additional Features

  • 0.25 Acre Lot
  • Radiant Heating System

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,750

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 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: 3
  • Total Bedrooms: 3
  • Basement Description: Cellar
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • List Price: 349000
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • ParkingTotal: 3
  • Number of Cars: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Other
  • Heating: Radiant
  • Water Source: Other

Schools

  • Middle/Junior School District: 112

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: .25
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 6750.46
  • Tax Year: 2020

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,Coach House

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Jul 14, 2022
Sold by
Erik Gimbel
Bought by
Castellanos Maria R Pereira
Seller's Agent
William Platt
Jameson Sotheby's International Realty
Buyer's Agent
SILVIA PALACIOS EYZAGUIR
Northwest Real Estate Group
List Price
$349,000
Sold Price
$360,000
Premium/Discount to List
$11,000
3.15%
Total Days on Market
1
Current Estimated Value
$425,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,569
Avg. Annual Appreciation
4.15%
Original Mortgage
$300,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 18, 2021
Sold by
Thuente Brian A
Bought by
Gimbel Erik
Seller's Agent
William Platt
Jameson Sotheby's International Realty
Buyer's Agent
William Platt
Jameson Sotheby's International Realty
List Price
$267,500
Sold Price
$267,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
71.60%
Original Mortgage
$205,982
Interest Rate
5.25%
Mortgage Type
New Conventional
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
Castellanos Maria R Pereira $360,000 Chicago Title
Gimbel Erik $267,500 Precision Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castellanos Maria R Pereira $306,400
Closed Castellanos Maria R Pereira $300,000
Previous Owner Gimbel Erik $205,982
Previous Owner Thuente Brian A $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2022 07/18/22 Sold $360,000 +3.2% $174 / Sq Ft
01/16/2022 01/16/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $349,000 +30.5% $168 / Sq Ft
12/30/2021 12/30/21 Sold $267,500 0.0% $129 / Sq Ft
12/27/2021 12/27/21 For Sale $267,500 -- $129 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
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 $8,760 $114,762 $20,709 $94,053
2023 $7,695 $103,445 $18,667 $84,778
2022 $7,695 $88,402 $20,508 $67,894
2021 $7,127 $85,454 $19,824 $65,630
2020 $6,963 $85,454 $19,824 $65,630
2019 $6,756 $85,054 $19,731 $65,323
2018 $6,138 $80,595 $21,604 $58,991
2017 $6,067 $80,130 $21,479 $58,651
2016 $5,835 $76,285 $20,448 $55,837
2015 $5,706 $70,877 $18,998 $51,879
2014 $4,796 $59,837 $15,615 $44,222
2012 $4,679 $60,186 $15,706 $44,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11303978

Midwest Real Estate Data (MRED)

APN: 16-15-212-035