NOT LISTED FOR SALE

321 S Martin Luther King jr Ave Waukegan, IL 60085

Downtown Waukegan Neighborhood

Estimated Value: $205,000 - $273,000

6 Beds
2 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold November 02, 2018

Last sale price $135,000

Est. 72% increase in value since last sale

Current estimated payment $1,689/month

368 Days on Market

Highlights

  • Tennis Courts
  • 3 Car Detached Garage
  • 1-minute walk to Bedrosian Park

About This Home

As of November 2018

Recently updated units with strong rent roll and detached three car garage make this a great rental property for the starter landlord or owner occupied with potential to supplement income. Located blocks from Downtown Waukegan and commuter rail and a short distance from US 41/I-94, Great Lakes Naval complex and other major employers. Property is owned by a real estate agent.

Last Agent to Sell the Property

Faisel Imam

Century 21 Universal License #475173803 Listed on: 09/14/2017

Century 21 Universal

Last Buyer's Agent

Brenda Valdez

RE/MAX American Dream License #475123361

RE/MAX American Dream

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,373

Year Built

  • Built in 1901 | Remodeled in 2016

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 33 x 135

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Bi-Level Home
  • Shake Roof
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Utilities

  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Recreation

  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,373

Year Built

Built in 1901 | Remodeled in 2016

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • New Construction: No
  • Year Built: 1901
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Cellar
  • 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: Concrete Perimeter
  • List Price: 136000
  • Roof: Asphalt, Shake
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Tennis Courts

Schools

  • Middle/Junior School District: 60

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 33 X 135
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2373
  • Tax Year: 2016
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2024
Sold by
Paloma Valdes
Bought by
Jose M Corral Maldonado
Current Estimated Value
$231,717

Purchase Details

Listed on
Sep 14, 2017
Closed on
Oct 12, 2018
Sold by
Imam Faisel
Bought by
Valdes Paloma
Seller's Agent
Faisel Imam
Century 21 Universal
Buyer's Agent
Brenda Valdez
RE/MAX American Dream
List Price
$136,000
Sold Price
$135,000
Premium/Discount to List
-$1,000
-0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$132,554
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 5, 2005
Sold by
Curran King Steven A and Curran King Sarah E
Bought by
Imam Faisel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,514
Interest Rate
5.74%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 2005
Sold by
Bucio Gabriel
Bought by
Curran King Steven A and Curran King Sarah E

Purchase Details

Closed on
Jul 15, 2004
Sold by
Perez Emilia and Bucio Ramon
Bought by
Bucio Gabriel

Purchase Details

Closed on
Dec 31, 2003
Sold by
Hud
Bought by
Perez Emilia and Bucio Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,010
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 2002
Sold by
Ruiz
Bought by
Hud

Purchase Details

Closed on
Aug 26, 1998
Sold by
Colon Eladio and Colon Gladys
Bought by
Gonzalez Rafael and Ruiz Magdalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,684
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 1998
Sold by
Winfrey James E and Winfrey Ruby N
Bought by
Colon Eladio and Colon Gladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
7.19%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 16, 1998
Sold by
Colon Eladio
Bought by
Martinaitis Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
7.19%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Jose M Corral Maldonado -- None Listed On Document
Jose M Corral Maldonado -- None Listed On Document
Valdes Paloma $135,000 Chicago Title
Imam Faisel $128,500 First American Title
Curran King Steven A $144,000 First American Title
Bucio Gabriel -- --
Perez Emilia -- Stewart Title Company
Hud -- Wheatland Title
Gonzalez Rafael $129,000 --
Colon Eladio $41,000 --
Martinaitis Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valdes Paloma $21,291
Previous Owner Valdes Paloma $17,787
Previous Owner Valdes Paloma $132,554
Previous Owner Imam Faisel $110,522
Previous Owner Imam Faisel $126,514
Previous Owner Perez Emilia $72,010
Previous Owner Gonzalez Rafael $127,684
Previous Owner Colon Eladio $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2018 11/02/18 Sold $135,000 -0.7% --
09/17/2018 09/17/18 Pending -- -- --
11/30/2017 11/30/17 For Sale $136,000 +0.7% --
10/12/2017 10/12/17 Off Market $135,000 -- --
09/14/2017 09/14/17 For Sale $136,000 -- --
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 $5,129 $60,347 $5,675 $54,672
2023 $3,716 $54,388 $5,081 $49,307
2022 $3,716 $44,015 $3,954 $40,061
2021 $3,308 $37,733 $3,445 $34,288
2020 $2,987 $32,350 $3,214 $29,136
2019 $2,953 $29,643 $2,945 $26,698
2018 $2,875 $22,240 $2,188 $20,052
2017 $2,799 $19,676 $1,936 $17,740
2016 $2,374 $15,361 $2,403 $12,958
2015 $2,323 $13,749 $2,151 $11,598
2014 $2,477 $20,181 $2,135 $18,046
2012 $3,290 $21,863 $2,313 $19,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09751207

Midwest Real Estate Data (MRED)

APN: 08-28-210-010