Seller's Agent in 2024
Mike Najarian
NCL Realty, INC.
(847) 401-3700
2 in this area
84 Total Sales
4101 Douglas Dr Zion, IL 60099
West Zion NeighborhoodEstimated Value: $403,000 - $712,000
8
Beds
8
Baths
4,700
Sq Ft
$130/Sq Ft
Est. Value
Highlights
- 25.25 Acre Lot
- Patio
- Paved or Partially Paved Lot
- Soaking Tub
- Baseboard Heating
About This Home
As of July 2024LARGE 4 UNIT BUILDING IN A GREAT FAR NORTH SIDE ZION LOCATION BY LORELIE AND 9TH ST. FOUR IDENTICAL 2 STORY UNITS, 2 BEDROOMS EACH, 1/2 BATHROOM ON MAIN LEVEL AND A FULL HALL BATHROOM UPSTAIRS. EACH UNIT HAS ITS OWN PRIVATE CONCRETE PATIO WITH 2 SLIDING GLASS DOORS AND LARGE BACKYARD. EACH UNIT HAS ITS OWN PRIVATE IN-UNIT LAUNDRY ROOM ON THE MAIN LEVEL. MASTER BEDROOMS HAVE WALK-IN CLOSETS AND A SINK WITH A MIRROR AREA. BRAND-NEW (MARCH 2024) ROOF AND SECOND FLOOR VINYL SIDING. UPPER-LEVEL SLIDING GLASS DOOR RAILS REPLACED (2024). WINDOWS AND PATIO DOORS REPLACED (2009). CONCRETE PARKING LOT WITH 8 PARKING SPACES. ONE UNIT HAS A BRAND-NEW KITCHEN, WHITE SHAKER CABINETS, GRANITE COUNTERTOPS, SINK, FAUCET, STAINLESS STEEL APPLIANCES WITH A HIGH-END STOVE AND BUILT IN MICROWAVE. NEW BATHROOM VANITIES, NEW VINYL FLOORING ON MAIN LEVEL, NEW PAINT. ALL THE KITCHENS HAVE ISLANDS. OTHER UNITS ARE IN GOOD CONDITION. TENANTS PAY FOR ALL UTILITIES, SEPARATE WATER METERS AND ELECTRIC METERS, WATER HEATERS, TENANTS ALSO PAY FOR GARBAGE PICK-UP. BEACH PARK SCHOOLS! CLOSE TO THE BIG SUPER WAL MART ON 173, I-94, GURNEE MILLS MALL, SIX-FLAGS GREAT AMERICA, KENOSHA PREMIUM OUTLET MALL, ETC. HIGH INCOME AND LOW EXPENSES MAKES THIS A GREAT CASH COW INVESTMENT. POTENTIAL GROSS INCOME IS $66,000 A YEAR, LANDLORD ONLY PAYS FOR TAXES $11,123, LANDSCAPING $1,200 PER YEAR AND INSURANCE $2,200 PER YEAR, APPROX EXPENSES AT $15,000 A YEAR, NET INCOME PROFIT OF $51,000 MAKES THIS 7.8 % RETURN ON YOUR INVESTMENT.
Last Agent to Sell the Property
NCL Realty, INC. License #471002448 Listed on: 05/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,124
Year Built
- Built in 1985
Lot Details
- 25.25 Acre Lot
- Paved or Partially Paved Lot
Home Design
- Slab Foundation
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Storm Screens
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 8 Bathrooms
- Soaking Tub
Parking
- 8 Parking Spaces
- Uncovered Parking
- Parking Lot
- Parking Included in Price
Outdoor Features
- Patio
Utilities
- Baseboard Heating
- Electric Water Heater
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $2,200
- Gross Income $66,000
- Net Operating Income $51,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2024
Closed on
Jun 26, 2024
Sold by
Cervantes Rental Homez Llc 4101 Douglas
Bought by
Scott Abraham Jermaine
Seller's Agent
Mike Najarian
NCL Realty, INC.
Buyer's Agent
Amy Kite
Keller Williams Infinity
List Price
$654,900
Sold Price
$590,000
Premium/Discount to List
-$64,900
-9.91%
Views
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,580
Avg. Annual Appreciation
2.33%
Original Mortgage
$590,000
Interest Rate
6.25%
Mortgage Type
VA
Purchase Details
Closed on
Mar 29, 2021
Sold by
4101 Douglas Llc
Bought by
Cervantes Rental Homez Llc
Purchase Details
Closed on
Jun 16, 2009
Sold by
Merlock Kathryn V
Bought by
4101 Douglas Llc
Purchase Details
Closed on
Apr 23, 2009
Sold by
Kangas Sandra L
Bought by
Marlock Kathryn V
Purchase Details
Closed on
Apr 17, 2009
Sold by
Wells Fargo Bank Na
Bought by
Kangas Sandra L
Purchase Details
Closed on
Jun 23, 2008
Sold by
Garcia Suyapa
Bought by
Wells Fargo Bank Na and Pooling & Servicing Agreement Relating T
Purchase Details
Closed on
Oct 19, 2005
Sold by
Garcia Suyapa
Bought by
Meza Romualdo and Garcia Suyapa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
7.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 15, 2005
Sold by
Knutson Timothy S
Bought by
Garcia Suyapa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
7.25%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Scott Abraham Jermaine | $590,000 | Chicago Title | |
| Cervantes Rental Homez Llc | -- | Attorney | |
| 4101 Douglas Llc | -- | None Available | |
| Marlock Kathryn V | -- | First American Title | |
| Kangas Sandra L | $155,000 | First American Title | |
| Wells Fargo Bank Na | -- | None Available | |
| Meza Romualdo | -- | -- | |
| Garcia Suyapa | $299,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Scott Abraham Jermaine | $590,000 | |
| Previous Owner | Garcia Suyapa | $239,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2024 07/11/24 | Sold | $590,000 | -9.9% | $126 / Sq Ft |
| 05/11/2024 05/11/24 | Pending | -- | -- | -- |
| 05/11/2024 05/11/24 | For Sale | $654,900 | -- | $139 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $12,197 | $107,078 | $16,677 | $90,401 |
| 2023 | $12,197 | $95,469 | $14,869 | $80,600 |
| 2022 | $11,124 | $85,254 | $15,555 | $69,699 |
| 2021 | $11,026 | $79,976 | $14,592 | $65,384 |
| 2020 | $10,696 | $75,222 | $13,725 | $61,497 |
| 2019 | $10,463 | $70,071 | $12,785 | $57,286 |
| 2018 | $10,737 | $70,070 | $12,784 | $57,286 |
| 2017 | $10,577 | $65,000 | $11,859 | $53,141 |
| 2016 | $9,930 | $59,005 | $10,765 | $48,240 |
| 2015 | $9,664 | $53,539 | $9,768 | $43,771 |
| 2014 | $9,808 | $56,334 | $8,419 | $47,915 |
| 2012 | $8,755 | $59,994 | $8,966 | $51,028 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Najarian
-
Amy Kite
Buyer's Agent in 2024
Amy Kite
Keller Williams Infinity
(224) 337-2788
1 in this area
1,011 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12053717
APN: 04-07-404-005
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