NOT LISTED FOR SALE

23 E Washington Ave Lake Bluff, IL 60044

Estimated Value: $782,000 - $1,043,000

6 Beds
4 Baths
2,580 Sq Ft
$368/Sq Ft Est. Value

Last Sold March 01, 2016

Last sale price $540,000 $209 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,132/month

39 Days on Market

Highlights

  • Ranch Style House
  • 4-minute walk to Lake Bluff Station
  • 4-minute walk to Village Green
  • Lake Bluff Elementary School Rated A
  • Forced Air Heating System

About This Home

As of March 2016

Completely updated East Lake Bluff, 3 unit brick ranch with full finished basements near town and train. Rare opportunity to own income producing two bedroom units. Great investment, can live in one and rent two or rent all three, (no leases, units could rent much higher). Each unit includes all kitchen appliances and washer/dryer. All units have fire sprinkler systems to code. 4 off street parking spaces. Close to train and village. One mile from lake and beach.

Last Agent to Sell the Property

Kim Shortsle

Jameson Sotheby's International Realty License #475168103 Listed on: 11/06/2015

Jameson Sotheby's International Realty

Last Buyer's Agent

Charmaine Cerer

Coldwell Banker Realty License #475098944

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,400

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 125x50

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Assigned Parking

Schools

  • Lake Bluff Elementary School
  • Lake Bluff Middle School
  • Lake Forest High School

Utilities

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

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,400

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1959
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 599000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Schools

  • Elementary School: LAKE BLUFF ELEMENTARY SCHOOL
  • High School: LAKE FOREST HIGH SCHOOL
  • Middle/Junior School: LAKE BLUFF MIDDLE SCHOOL
  • Middle/Junior School District: 65

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 125X50
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 7400.21
  • Tax Year: 2014
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2015
Closed on
Feb 16, 2016
Sold by
The Chicago Trust Company Na
Bought by
Grum Benjamin J and Grum Vanessa B
Seller's Agent
Kim Shortsle
Jameson Sotheby's International Realty
Buyer's Agent
Charmaine Cerer
Coldwell Banker Realty
List Price
$599,000
Sold Price
$540,000
Premium/Discount to List
-$59,000
-9.85%
Current Estimated Value
$948,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,513
Avg. Annual Appreciation
6.04%
Original Mortgage
$530,219
Outstanding Balance
$416,398
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$532,115
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Grum Benjamin J $540,000 Ct
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grum Benjamin J $530,219
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2016 03/01/16 Sold $540,000 -9.8% $209 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $599,000 -- $232 / 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 $13,410 $199,651 $93,360 $106,291
2023 $9,924 $184,044 $86,062 $97,982
2022 $9,924 $140,282 $65,598 $74,684
2021 $9,579 $139,072 $65,032 $74,040
2020 $8,968 $139,841 $65,392 $74,449
2019 $8,645 $137,274 $64,192 $73,082
2018 $8,325 $135,837 $70,320 $65,517
2017 $8,253 $133,567 $69,145 $64,422
2016 $8,339 $127,134 $65,815 $61,319
2015 $8,281 $119,712 $61,973 $57,739
2014 $7,326 $105,778 $55,639 $50,139
2012 $6,862 $106,696 $56,122 $50,574
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09080956

Midwest Real Estate Data (MRED)

APN: 12-21-107-005