NOT LISTED FOR SALE

231 N West St Waukegan, IL 60085

Downtown Waukegan Neighborhood

Estimated Value: $120,000 - $243,000

4 Beds
1 Bath
1,762 Sq Ft
$110/Sq Ft Est. Value

Last Sold November 05, 2018

Last sale price $121,000 $69 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,310/month

11 Days on Market

About This Home

As of November 2018

Studio units with long term tenants. Property is zoned for offices if you wish to convert from residential. All tenant occupied - 24 hr notice required.

Last Agent to Sell the Property

Liz Scheffler

Century 21 Circle License #471008934 Listed on: 08/27/2018

Century 21 Circle

Last Buyer's Agent

Marty Rafter

Baird & Warner License #475143357

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,713

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 47x73

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Bathroom
  • 2-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $25,625
  • Net Operating Income $16,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,713

Year Built

Built in 1901

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1901
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 1
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 6
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 8757

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 47X73
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: None

Multi Family

  • Net Operating Income: 16868
  • GrossIncome: 25625
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 2713
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2024
Sold by
Gillham John W
Bought by
Jgaff Properties Llc
Current Estimated Value
$193,668

Purchase Details

Closed on
Jun 27, 2019
Sold by
Potter John E and Potter Ann C
Bought by
Gillham John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,750
Interest Rate
1.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2016
Sold by
Adamek Patrick T
Bought by
John E Potter and Potter Revocable T Ann C
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
Jgaff Properties Llc -- None Listed On Document
Gillham John W $121,000 Attorney
John E Potter $100,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gillham John W $90,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2018 11/05/18 Sold $121,000 +1.7% $69 / Sq Ft
09/07/2018 09/07/18 Pending -- -- --
08/27/2018 08/27/18 For Sale $119,000 -- $68 / 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 $3,448 $41,932 $5,297 $36,635
2023 $3,823 $36,561 $4,348 $32,213
2022 $3,823 $39,108 $4,355 $34,753
2021 $3,486 $33,435 $3,738 $29,697
2020 $3,531 $31,148 $3,482 $27,666
2019 $3,553 $28,542 $3,191 $25,351
2018 $2,922 $22,602 $4,698 $17,904
2017 $2,844 $19,996 $4,156 $15,840
2016 $2,685 $17,375 $3,611 $13,764
2015 $2,627 $15,551 $3,232 $12,319
2014 $4,126 $24,386 $3,556 $20,830
2012 $5,113 $26,419 $3,853 $22,566
Source: Public Records

Agents Affiliated with this Home

  • Liz Scheffler

    Seller's Agent in 2018

    Liz Scheffler

    Century 21 Circle

    (847) 542-7016

    3 in this area

    113 Total Sales

    Liz Scheffler
    Section Image
  • Marty Rafter

    Buyer's Agent in 2018

    Marty Rafter

    Baird Warner

    (847) 508-3009

    1 in this area

    31 Total Sales

    Marty Rafter
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10064269

Midwest Real Estate Data (MRED)

APN: 08-21-218-002

Illinois Lake County Waukegan 60085 Downtown Waukegan

231 N West St, Waukegan, IL

Not Listed for Sale

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