NOT LISTED FOR SALE

420 S Lake St Grayslake, IL 60030

Estimated Value: $566,352 - $661,000

8 Beds
4 Baths
-- Sq Ft
0.62 Acres

Last Sold July 16, 2018

Last sale price $345,000

Est. 77% increase in value since last sale

Current estimated payment $4,237/month

69 Days on Market

About This Home

As of July 2018

Conveniently located 4 units building in heart of grayslake. Great investment opportunity and fully occupied. property is located at right next to metra station.

Last Agent to Sell the Property

Kwang Kim

Kotols Inc. License #475154029 Listed on: 03/11/2018

Last Buyer's Agent

Ricki West

@properties Christie's International Real Estate License #475165372

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,466

Lot Details

  • 0.62

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Partial Basement

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,466

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • Room: 4

Exterior Features

  • List Price: 359000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 0
  • Zoning: COMMR
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 16466.37
  • Tax Year: 2017

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2018
Closed on
Jul 13, 2018
Sold by
Lee Sang and Kim Kwang
Bought by
Freitas Michael
Seller's Agent
Kwang Kim
Kotols Inc.
Buyer's Agent
Ricki West
@properties Christie's International Real Estate
List Price
$399,000
Sold Price
$345,000
Premium/Discount to List
-$54,000
-13.53%
Current Estimated Value
$609,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,451
Avg. Annual Appreciation
8.12%
Original Mortgage
$325,600
Outstanding Balance
$282,181
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$327,270
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Freitas Michael $345,000 Precision Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freitas Michael $325,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2018 07/16/18 Sold $345,000 -3.9% --
05/19/2018 05/19/18 Pending -- -- --
05/13/2018 05/13/18 Price Changed $359,000 -10.0% --
03/11/2018 03/11/18 For Sale $399,000 0.0% --
06/21/2016 06/21/16 Rented $850 0.0% --
05/06/2016 05/06/16 Under Contract -- -- --
05/02/2016 05/02/16 Off Market $850 -- --
04/15/2016 04/15/16 For Rent $850 -- --
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 $12,386 $123,476 $76,259 $47,217
2023 $12,386 $113,322 $69,988 $43,334
2022 $15,488 $130,162 $68,870 $61,292
2021 $14,543 $123,624 $66,196 $57,428
2020 $14,836 $117,625 $62,984 $54,641
2019 $14,839 $112,852 $60,428 $52,424
2018 $16,566 $126,067 $57,082 $68,985
2017 $16,466 $355,752 $53,694 $64,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09880577

Midwest Real Estate Data (MRED)

APN: 06-34-400-031