E
Seller's Agent in 2023
Emily Habich
Marcus & Millichap Chicago Apartment Brokers
(630) 570-2235
19 Total Sales
417 Franklin St Waukegan, IL 60085
Estimated Value: $2,411,000 - $2,836,097
25
Beds
26
Baths
17,524
Sq Ft
$150/Sq Ft
Est. Value
About This Home
As of May 2023Extremely well-maintained 26-unit apartment property located in Waukegan, Illinois. Property features ample off-street parking and on-site laundry facilities, as well as a newer roof. Located in a quiet, residential neighborhood with easy access to Route 137. Walking distance to Waukegan Metra Station and Pace Bus Stops. Numerous schools, parks, retail, and dining options are located nearby.
Last Agent to Sell the Property
Marcus & Millichap Chicago Apartment Brokers License #475186663 Listed on: 11/28/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $44,064
Year Built
- Built in 1971
Lot Details
- 0.68
Interior Spaces
- 17,524 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 25 Bedrooms
- 26 Bathrooms
Additional Features
- 0.68 Acre Lot
- Baseboard Heating
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 26 Units
Building Details
- Electric Expense $2,618
- Fuel Expense $1,544
- Insurance Expense $10,076
- Maintenance Expense $7,800
- Manager Expense $13,830
- Other Expense $12,489
- Trash Expense $5,315
- Water Sewer Expense $7,610
- Operating Expense $113,146
- Gross Income $284,580
- Net Operating Income $163,445
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 28, 2022
Closed on
May 5, 2023
Sold by
Shumaker Mark A and Shumaker Elizabeth M
Bought by
Kaps4 Properties Llc
Seller's Agent
Emily Habich
Marcus & Millichap Chicago Apartment Brokers
Buyer's Agent
Jayesh Parekh
Charles Rutenberg Realty of IL
List Price
$2,550,000
Sold Price
$2,300,000
Premium/Discount to List
-$250,000
-9.8%
Views
525
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
$323,549
Avg. Annual Appreciation
5.59%
Original Mortgage
$1,725,000
Outstanding Balance
$1,676,420
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$947,129
Purchase Details
Closed on
Aug 17, 1993
Sold by
Tsai Chin Fong
Bought by
Shumaker Mark A and Shumaker Elizabeth M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.24%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Kaps4 Properties Llc | $2,300,000 | Chicago Title | |
| Shumaker Mark A | $366,666 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kaps4 Properties Llc | $1,725,000 | |
| Previous Owner | Shumaker Mark A | $440,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2023 05/08/23 | Sold | $2,300,000 | -3.2% | $131 / Sq Ft |
| 03/08/2023 03/08/23 | Pending | -- | -- | -- |
| 02/22/2023 02/22/23 | Price Changed | $2,375,000 | -6.9% | $136 / Sq Ft |
| 11/28/2022 11/28/22 | For Sale | $2,550,000 | -- | $146 / 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 | $41,812 | $463,750 | $41,002 | $422,748 |
| 2023 | $41,682 | $443,414 | $39,204 | $404,210 |
| 2022 | $41,682 | $426,370 | $37,337 | $389,033 |
| 2021 | $44,064 | $422,650 | $37,011 | $385,639 |
| 2020 | $44,920 | $393,749 | $34,480 | $359,269 |
| 2019 | $44,920 | $360,807 | $31,595 | $329,212 |
| 2018 | $46,004 | $355,826 | $31,159 | $324,667 |
| 2017 | $44,781 | $314,807 | $27,567 | $287,240 |
| 2016 | $42,273 | $273,555 | $23,955 | $249,600 |
| 2015 | $41,358 | $244,836 | $21,440 | $223,396 |
| 2014 | $41,946 | $247,935 | $21,711 | $226,224 |
| 2012 | $44,761 | $268,611 | $23,522 | $245,089 |
Source: Public Records
Agents Affiliated with this Home
-
Emily Habich
-
Jayesh Parekh
J
Buyer's Agent in 2023
Jayesh Parekh
Charles Rutenberg Realty of IL
(847) 962-0239
81 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11678921
APN: 08-21-206-007
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