NOT LISTED FOR SALE

309 Franklin St Waukegan, IL 60085

Estimated Value: $265,000 - $296,000

6 Beds
2 Baths
2,764 Sq Ft
$104/Sq Ft Est. Value

Last Sold October 27, 2021

Last sale price $101,500 $37 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $2,118/month

6 Days on Market

About This Home

As of October 2021

CALLING ALL REHABBERS AND INVESTORS! Fantastic opportunity to fix up this Bank Owned 2 Flat and use as a perfect live in option or investment. Each unit comes with 3 bedrooms and 1 full bathroom. MULTIPLE OFFERS. PLEASE SUBMIT HIGHEST AND BEST.

Last Agent to Sell the Property

Jenny Lim-Spiggos

Coldwell Banker Realty License #475137152 Listed on: 08/13/2021

Coldwell Banker Realty

Co-Listed By

Pete Mangione

Coldwell Banker Realty License #475128070

Last Buyer's Agent

Venny Rivera

eXp Realty License #475115955

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 51x132

Parking

  • 1 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • No Heating
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • 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: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: None
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.15
  • Lot Dimensions: 51X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 6726
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Sep 22, 2021
Sold by
Liberty Bank For Savings
Bought by
Montano Jose
Seller's Agent
Jenny Lim-Spiggos
Coldwell Banker Realty
Buyer's Agent
Venny Rivera
eXp Realty
List Price
$70,000
Sold Price
$101,500
Premium/Discount to List
$31,500
45%
Current Estimated Value
$287,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,524
Avg. Annual Appreciation
29.18%

Purchase Details

Closed on
Sep 29, 2020
Sold by
Horan Patrice
Bought by
Liberty Bank For Savings

Purchase Details

Closed on
Mar 14, 2005
Sold by
Horan Patrice
Bought by
Chicago Title Land Trust Co and Trust #1114109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,700
Interest Rate
5.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2005
Sold by
Steinau Kathrine C
Bought by
Horan Patrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,700
Interest Rate
5.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 2004
Sold by
Park Barbara S
Bought by
Steinau Kathrine C

Purchase Details

Closed on
May 23, 1995
Sold by
Tockey Brian A
Bought by
Steinau Kathrine C and Park Barbara S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,450
Interest Rate
6%
Mortgage Type
FHA
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
Montano Jose $101,500 Attorney
Liberty Bank For Savings -- Liberty Bank For Savings
Chicago Title Land Trust Co -- Chicago Title Co
Horan Patrice $189,000 --
Steinau Kathrine C -- --
Steinau Kathrine C $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chicago Title Land Trust Co $141,700
Previous Owner Steinau Kathrine C $89,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2021 10/27/21 Sold $101,500 +45.0% $37 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $70,000 -- $25 / 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 $7,272 $85,577 $8,390 $77,187
2023 $3,307 $77,123 $7,512 $69,611
2022 $3,307 $33,830 $7,144 $26,686
2021 $6,598 $63,287 $6,373 $56,914
2020 $6,683 $58,959 $5,937 $53,022
2019 $6,726 $54,026 $5,440 $48,586
2018 $6,529 $50,502 $6,930 $43,572
2017 $6,356 $44,680 $6,131 $38,549
2016 $6,000 $38,826 $5,328 $33,498
2015 $5,870 $34,750 $4,769 $29,981
2014 $3,665 $27,202 $3,604 $23,598
2012 $4,762 $29,469 $3,904 $25,565
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11189310

Midwest Real Estate Data (MRED)

APN: 08-21-206-017