$223,000
SOLD MAR 7, 2025
4 Beds
2 Baths
2,016 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$111 Per Sq Ft

3% Below List Price

16 Days on Market

Highlights

  • Prairie Architecture
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • 2 Car Detached Garage

About This Home

As of March 2025

This is a great opportunity for the seasoned landlord or the rookie investor looking for a turn-key investment ready to collect rents. Both units currently occuppied on a month to month with long term tenants. Well maintained building with separate furnaces, water heaters and updated electrical boxes. First Floor unit offers two bedrooms, full bath, living room, dining room, and spacious kitchen. Second Floor unit offers kitchen, living room, 2 bedrooms and full bath. Two car garage and long driveway for plenty of parking included. Fenced in backyard for added privacy. Located within walking distance to Waukegan east highschool campus, restaurants and convinience stores. Priced to sell!

Last Agent to Sell the Property

Ernesto Vaca

Real People Realty License #471013585 Listed on: 01/13/2025

Real People Realty

Last Buyer's Agent

Chris Garcia

Net Realty Corp License #475176657

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,198

Year Built

  • Built in 1930

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 47x125
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Prairie Architecture
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,198

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Prairie
  • New Construction: No
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Block
  • List Price: 229900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Unassigned
  • ParkingTotal: 4
  • 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, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Paved

Schools

  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 47X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5198
  • Tax Year: 2022

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Mar 4, 2025
Sold by
Gonzalez Raymundo Chavez
Bought by
Garcia Chris
Seller's Agent
Ernesto Vaca
Real People Realty
Buyer's Agent
Chris Garcia
Net Realty Corp
List Price
$229,900
Sold Price
$223,000
Premium/Discount to List
-$6,900
-3%
Views
19
Current Estimated Value
$228,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,174
Avg. Annual Appreciation
4.18%
Original Mortgage
$140,000
Outstanding Balance
$139,657
Interest Rate
8.5%
Mortgage Type
New Conventional
Estimated Equity
$88,517

Purchase Details

Listed on
Apr 10, 2021
Closed on
Jun 11, 2021
Sold by
Clear Capital Core 1 Llc
Bought by
Gonzalez Raymundo Chavez
Seller's Agent
Lori Mattice
RE/MAX Plaza
Buyer's Agent
Ernesto Vaca
Real People Realty
Sold Price
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.29%
Original Mortgage
$137,464
Interest Rate
2.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 10, 2020
Sold by
Clear Capital Llc
Bought by
Clear Capital Core 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,991,850
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2014
Sold by
Mt Homes Llc Series B
Bought by
Clear Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2010
Sold by
U S Bank National Association
Bought by
Mt Homes Llc Series B

Purchase Details

Closed on
Jun 15, 2010
Sold by
Alcala Miguel G
Bought by
Us Bank National Association

Purchase Details

Closed on
Apr 5, 2005
Sold by
Alcala Miguel M and Alcala Eva
Bought by
Alcala Miguel G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
8.3%
Mortgage Type
Balloon

Purchase Details

Closed on
May 22, 2002
Sold by
Bank Of Waukegan
Bought by
Alcala Miguel M and Alcala Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
6.87%
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 Type Sale Price Title Company
Warranty Deed $220,000 Greater Illinois Title
Warranty Deed $140,000 Chicago Title
Quit Claim Deed -- Attorney
Warranty Deed $65,000 Stewart Title
Special Warranty Deed $35,000 First American
Sheriffs Deed -- Premier Title Company
Interfamily Deed Transfer -- Lawyers Title Ins
Deed $129,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,000 New Conventional
Previous Owner $137,464 FHA
Previous Owner $1,991,850 Commercial
Previous Owner $65,000 Commercial
Previous Owner $156,000 Balloon
Previous Owner $103,200 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $223,000 -3.0% $111 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $229,900 +64.2% $114 / Sq Ft
06/16/2021 06/16/21 Sold $140,000 +0.1% $69 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/14/2021 04/14/21 For Sale -- -- --
04/10/2021 04/10/21 For Sale $139,900 -- $69 / 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 $4,697 $57,301 $9,760 $47,541
2023 $4,697 $49,813 $8,010 $41,803
2022 $5,198 $53,172 $7,294 $45,878
2021 $4,532 $43,467 $6,259 $37,208
2020 $4,590 $40,495 $5,831 $34,664
2019 $4,620 $37,107 $5,343 $31,764
2018 $3,640 $29,925 $6,049 $23,876
2017 $3,766 $26,476 $5,352 $21,124
2016 $3,555 $23,007 $4,651 $18,356
2015 $3,478 $20,592 $4,163 $16,429
2014 $2,955 $17,464 $3,758 $13,706
2012 $3,366 $18,921 $4,071 $14,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12270165

Midwest Real Estate Data (MRED)

APN: 08-21-305-031