NOT LISTED FOR SALE

328 S Lincoln Ave Waukegan, IL 60085

Estimated Value: $175,000 - $262,000

5 Beds
2 Baths
2,646 Sq Ft
$86/Sq Ft Est. Value

Last Sold December 05, 2018

Last sale price $89,000 $34 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $1,633/month

12 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • Fenced Yard
  • Prairie Architecture
  • Workshop
  • Porch

About This Home

As of December 2018

2,646 S.F. Across street from Kirk Park. Fully-rented cashflow two-unit on oversize fenced parcel Zoned R4 per map. Two units: a 3/1 and 2/1. Tenants pay electric & gas, including heat. Tenants are month-to-month; owner says he is very happy with them. Note: New roof, recent gas forced air furnaces.

Last Agent to Sell the Property

Mel Metts

Graff Realty License #475127464 Listed on: 10/19/2018

Last Buyer's Agent

David Ayabarreno

RE/MAX Plaza License #475123448

RE/MAX Plaza

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,504

Year Built

  • Built in 1901

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60 x 117
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Prairie Architecture
  • Block Foundation
  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Sump Pump

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

  • North Elementary School
  • Robert E Abbott Middle School
  • Waukegan High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Workshop
  • Porch
  • Property is near a park

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $18,600
  • Net Operating Income $12,448

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,504

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Prairie
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: CO Detectors, Sump Pump
  • Room Type: Workshop
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Block
  • List Price: 89295
  • Lot Features: Corner Lot, Fenced Yard, Park Adjacent
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 6152

Schools

  • Elementary School: NORTH ELEMENTARY SCHOOL
  • High School: WAUKEGAN HIGH SCHOOL
  • Middle/Junior School: ROBERT E ABBOTT MIDDLE SCHOOL
  • Middle/Junior School District: 60
  • Elementary School #2: ANDREW COOKE MAGNET ELEMENTARY SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 60 X 117
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 12448
  • GrossIncome: 18600
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4504
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2022
Sold by
Montoya Marco
Bought by
Zambrano Carmen G
Current Estimated Value
$226,755

Purchase Details

Listed on
Oct 19, 2018
Closed on
Dec 5, 2018
Sold by
Rrj 328 Llc
Bought by
Montoya Marco A
Seller's Agent
Mel Metts
Graff Realty
Buyer's Agent
David Ayabarreno
RE/MAX Plaza
List Price
$89,295
Sold Price
$89,000
Premium/Discount to List
-$295
-0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.70%
Original Mortgage
$87,387
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 15, 2007
Sold by
Torrez Yancey and Torrez Amalia
Bought by
Rrj 328 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
6.87%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Zambrano Carmen G -- Maldonado Judy K
Montoya Marco A $89,000 First American Title
Rrj 328 Llc $88,500 Nat
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montoya Marco A $87,387
Previous Owner Rrj 328 Llc $70,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2018 12/05/18 Sold $89,000 -0.3% $34 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
10/19/2018 10/19/18 For Sale $89,295 -- $34 / 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 $5,174 $64,072 $9,553 $54,519
2023 $4,927 $54,870 $8,181 $46,689
2022 $4,927 $50,398 $6,650 $43,748
2021 $4,159 $39,892 $5,553 $34,339
2020 $3,533 $37,164 $5,173 $31,991
2019 $3,503 $34,055 $4,740 $29,315
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mel Metts

    Graff Realty

    Section Image
  • David Ayabarreno

    Buyer's Agent in 2018

    David Ayabarreno

    RE/MAX Plaza

    (847) 542-4592

    99 Total Sales

    David Ayabarreno
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10117321

Midwest Real Estate Data (MRED)

APN: 08-28-107-021

Illinois Lake County Waukegan 60085

328 S Lincoln Ave, Waukegan, IL

This home is located at 328 S Lincoln Ave, Waukegan, IL 60085 since 19 October 2018 and is currently estimated at $226,755, approximately $85 per square foot. This property was built in 1901. 328 S Lincoln Ave is a home located in Lake County with nearby schools including Robert E. Abbott Middle School, Waukegan High School, and Most Blessed Trinity Academy.

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