NOT LISTED FOR SALE

25 S Lake St Grayslake, IL 60030

Estimated Value: $312,000 - $347,000

3 Beds
2 Baths
1,736 Sq Ft
$191/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $218,000 $126 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,080/month

58 Days on Market

Highlights

  • Victorian Architecture
  • Gazebo
  • Porch
  • Grayslake Central High School Rated A
  • 2 Car Detached Garage
  • Paved or Partially Paved Lot

About This Home

As of November 2021

Tremendous opportunity for an investor or owner-occupant. Charming duplex in the heart of downtown Grayslake. First floor unit is two bedrooms/one bath and includes the basement. Second floor unit is one bedroom/one bath. Both units are currently unoccupied. Two car detached garage and large lot.

Last Agent to Sell the Property

Peter Kakenmaster

Kakenmaster and Associates, Inc. License #471001121 Listed on: 07/06/2021

Co-Listed By

Kylie Gehrke

Kakenmaster and Associates, Inc. License #475160809

Last Buyer's Agent

Stacey Bleyer

Real People Realty License #475183894

Real People Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 87 x 167
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Victorian Architecture
  • Block Foundation
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement

Outdoor Features

  • Gazebo
  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1870
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Block, Concrete Perimeter, Stone
  • OtherStructures: Gazebo
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Driveway
  • 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
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.33
  • Lot Dimensions: 87 X 167
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 12028.82
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Nov 5, 2021
Sold by
Living Trust
Bought by
Hansen Erick and Caldwell Courtney Joy
Seller's Agent
Peter Kakenmaster
Kakenmaster and Associates, Inc.
Buyer's Agent
Stacey Bleyer
Real People Realty
Sold Price
$218,000
Current Estimated Value
$332,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,359
Avg. Annual Appreciation
11.18%
Original Mortgage
$174,400
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2014
Sold by
Egan James M and Geary Egan Kathleen E
Bought by
Egan James M and The Living Trust Of James M Eg

Purchase Details

Closed on
Jul 10, 2002
Sold by
Egan James M
Bought by
Egan James M and Egan Kathleen E Geary

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
6.62%
Source: Public Records

Range of Values:

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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
Hansen Erick $218,000 First American Title
Egan James M -- None Available
Egan James M -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hansen Erick $174,400
Previous Owner Egan James M $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $218,000 -3.1% $126 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/16/2021 08/16/21 For Sale -- -- --
08/08/2021 08/08/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $225,000 0.0% $130 / Sq Ft
04/04/2018 04/04/18 Rented $1,125 0.0% --
03/29/2018 03/29/18 Under Contract -- -- --
01/03/2018 01/03/18 Price Changed $1,125 -6.3% $1 / Sq Ft
12/02/2017 12/02/17 For Rent $1,200 +20.0% --
08/29/2016 08/29/16 Rented $1,000 -4.8% --
07/14/2016 07/14/16 For Rent $1,050 -- --
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 $10,346 $100,647 $32,972 $67,675
2023 $9,469 $87,972 $28,820 $59,152
2022 $9,469 $78,958 $20,731 $58,227
2021 $9,384 $75,892 $19,926 $55,966
2020 $12,029 $92,250 $18,959 $73,291
2019 $11,638 $88,507 $18,190 $70,317
2018 $11,158 $85,161 $23,450 $61,711
2017 $11,124 $80,106 $22,058 $58,048
2016 $10,748 $73,946 $20,362 $53,584
2015 $10,560 $67,555 $18,602 $48,953
2014 $8,232 $52,643 $16,472 $36,171
2012 $8,032 $54,980 $17,203 $37,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11129355

Midwest Real Estate Data (MRED)

APN: 06-26-313-003