$429,900
$20K PRICE DROP

Estimated payment $2,854/month

Total Views 14,474
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Don't miss this FANTASTIC INVESTMENT OPPORTUNITY in North Chicago! Perfect for traditional rental income. Four total units, each with 2 bedrooms and 1 bathroom. All units feature new appliances, granite countertops, and fresh paint. New water heater (2021) and newer furnace (2016) Ease to add AC to. Each unit has two assigned parking spaces. Convenient location near the Naval Base, library, schools, and restaurants.

Listing Agent

Jorge Trujillo

RE/MAX American Dream License #475132174 Listed on: 05/22/2025

RE/MAX American Dream

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,758

Year Built

  • Built in 1984

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 50x122x50x122
  • Paved or Partially Paved Lot
  • Additional Parcels

Interior Spaces

  • 2-Story Property
  • Window Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Lot
  • Unassigned Parking

Schools

  • A J Katzenmaier Elementary Schoo
  • Neal Math Science Academy Middle School
  • North Chicago Community High Sch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $43,560
  • Net Operating Income $32,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,758

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1984
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Window Features: Screens
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • Construction Materials: Stucco
  • List Price: 429900
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Parking Lot, On Site, Owned
  • ParkingTotal: 8

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: A J Katzenmaier Elementary Schoo
  • High School: North Chicago Community High Sch
  • Middle/Junior School: Neal Math Science Academy
  • Middle/Junior School District: 187

Lot Info

  • Additional Parcels Description: 12051250100000,12051250120000,12051250130000
  • Additional Parcels: Yes
  • Lot Size Acres: 0.28
  • Lot Dimensions: 50X122X50X122
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 32540
  • GrossIncome: 43560
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 5758.34
  • Tax Year: 2023
  • Tax Exemptions: None

Map

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

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 $4,725 $38,319 $2,454 $35,865
2023 $4,725 $35,323 $2,262 $33,061
2022 $3,743 $26,924 $1,724 $25,200
2021 $3,682 $26,692 $1,709 $24,983
2020 $3,587 $26,839 $1,718 $25,121
2019 $3,620 $26,346 $1,686 $24,660
2018 $4,256 $25,435 $1,628 $23,807
2017 $4,222 $25,010 $1,601 $23,409
2016 $4,106 $23,806 $1,524 $22,282
2015 $4,029 $22,416 $1,435 $20,981
2014 $5,274 $32,551 $1,839 $30,712
2012 $5,073 $32,833 $1,855 $30,978
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Price Changed $429,900 -4.5% --
05/22/2025 05/22/25 For Sale $450,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- First American Title
Sheriffs Deed -- None Available
Warranty Deed $225,000 Matc
Warranty Deed $170,000 --
Deed $126,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $116,250 Commercial
Previous Owner $208,000 Commercial
Previous Owner $168,750 Commercial
Previous Owner $138,841 Commercial
Previous Owner $1,330,000 Commercial
Previous Owner $153,000 Commercial
Previous Owner $113,400 Commercial
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12372898

Midwest Real Estate Data (MRED)

APN: 12-05-125-011