NOT LISTED FOR SALE

400 Ravine Ave Waukegan, IL 60085

Downtown Waukegan Neighborhood

Estimated Value: $213,000 - $245,000

5 Beds
3 Baths
3,944 Sq Ft
$59/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $195,000 $49 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,419/month

186 Days on Market

Highlights

  • Shed
  • Paved or Partially Paved Lot
  • 4-minute walk to Eugene P King Park

About This Home

As of October 2023

MOTIVATED SELLER is ready to make a deal for this unique opportunity to own a 2-unit building that also includes a Coach house in the rear that is legally recognized by the City. Long term tenants are consistent and they also help to maintain the outside (grass, snow). Each unit has separate gas, electric, and water meters. There is additional space in the basement that can be used for storage. Plenty of parking options, driveway, and on the street. Come see a money maker from any point of view, owner occupant or investor. 4 hour notice

Last Agent to Sell the Property

James Harris

ARNI Realty Incorporated License #475161040 Listed on: 11/26/2022

ARNI Realty Incorporated

Last Buyer's Agent

Venny Rivera

eXp Realty License #475115955

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,772

Year Built

  • Built in 1940

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 60 x 213
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Block Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price

Additional Features

  • Partial Basement
  • Shed
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,772

Year Built

Built in 1940

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Block
  • Lot Features: Level, Streetlights
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Insulation Brick

Garage/Parking

  • Parking Features: Off Alley, Off Street, Driveway
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 60 X 213
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 6772.2
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,Coach House

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2022
Closed on
Oct 12, 2023
Sold by
Rice Girlena
Bought by
Rivera Venny and Gamboa Juan
Seller's Agent
James Harris
ARNI Realty Incorporated
Buyer's Agent
Venny Rivera
eXp Realty
List Price
$275,000
Sold Price
$195,000
Premium/Discount to List
-$80,000
-29.09%
Views
584
Current Estimated Value
$231,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,216
Avg. Annual Appreciation
7.42%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rivera Venny $195,000 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2023 10/13/23 Sold $195,000 -17.0% $49 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/25/2023 05/25/23 Price Changed $235,000 -6.0% $60 / Sq Ft
01/10/2023 01/10/23 Price Changed $250,000 -9.1% $63 / Sq Ft
11/26/2022 11/26/22 For Sale $275,000 -- $70 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $8,732 $102,788 $14,252 $88,536
2023 $8,732 $92,607 $12,760 $79,847
2022 $6,719 $68,732 $11,624 $57,108
2021 $6,353 $64,962 $10,123 $54,839
2020 $6,394 $56,046 $9,444 $46,602
2019 $6,394 $51,357 $8,654 $42,703
2018 $4,856 $37,558 $6,431 $31,127
2017 $4,762 $33,229 $5,690 $27,539
2016 $5,714 $36,975 $7,062 $29,913
2015 $5,590 $33,094 $6,321 $26,773
2014 $6,983 $41,277 $4,602 $36,675
2012 $9,283 $44,720 $4,987 $39,733
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    James Harris

    ARNI Realty Incorporated

    (847) 812-2345

    2 in this area

    23 Total Sales

    James Harris
    Section Image
  • Venny Rivera

    Buyer's Agent in 2023

    Venny Rivera

    eXp Realty

    (847) 722-4325

    1 in this area

    271 Total Sales

    Venny Rivera
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11678630

Midwest Real Estate Data (MRED)

APN: 08-28-221-030

Illinois Lake County Waukegan 60085 Downtown Waukegan

400 Ravine Ave, Waukegan, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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