NOT LISTED FOR SALE

516 E Washington St Round Lake Park, IL 60073

Estimated Value: $286,000 - $337,660

5 Beds
3 Baths
2,219 Sq Ft
$138/Sq Ft Est. Value

Last Sold March 02, 2023

Last sale price $250,000 $113 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,183/month

Highlights

  • Community Lake
  • 3 Car Detached Garage
  • Wood Fence
  • Farmhouse Style Home
  • Heating System Uses Steam
  • Paved or Partially Paved Lot

About This Home

As of March 2023

Great opportunity for an investor! This is a 3-building flat, which consists of two units with 2 bedrooms and 1 bathroom, and one is a studio. All three units are currently occupied. Each unit has separate entrances and utilities. Detached 3 car garage with tons of exterior parking. The tenants are not using the garage nor is it included in the rental price. Seller pays garbage and lawn care service. Close Metra, Avon Township Center and Lakes. Owner willing to sell 522 E Washington & 516 E Washington for $325,000. RV Trailers are negotiable. Dog present within unit 1W & 1E.

Last Agent to Sell the Property

Vera London

Baird & Warner License #475169195 Listed on: 02/13/2023

Baird & Warner

Last Buyer's Agent

Roberto Sanchez

Century 21 Integra License #475137698

Century 21 Integra

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,073

Year Built

  • Built in 1900

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100 x 130
  • Wood Fence
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Farmhouse Style Home
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Basement Cellar

Utilities

  • Heating System Uses Steam

Community Details

Overview

  • 3 Units
  • Renehan Beach Subdivision
  • Community Lake

Building Details

  • Trash Expense $1,296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,073

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Subdivision Name: Renehan Beach
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Unfinished,Cellar,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Walk-In Closet

Exterior Features

  • List Price: 250000
  • Lot Features: Sidewalks, Wood Fence
  • OtherStructures: Garage(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 8
  • Number of Cars: 11
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 1296
  • Other Expenses $: 1440

Schools

  • Middle/Junior School District: 116

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.34
  • Lot Dimensions: 100 X 130
  • Zoning: COMMR
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6073.38
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Feb 28, 2023
Sold by
German Andres
Bought by
Garcia Juvenal
Seller's Agent
Vera London
Baird & Warner
Buyer's Agent
Roberto Sanchez
Century 21 Integra
List Price
$250,000
Sold Price
$250,000
Views
26
Current Estimated Value
$306,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,665
Avg. Annual Appreciation
5.68%

Purchase Details

Closed on
Jan 2, 2013
Sold by
German Andres
Bought by
Lake County Division Of Trasportation

Purchase Details

Closed on
Apr 15, 2002
Sold by
Potter John E
Bought by
German Andres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,358
Interest Rate
7.07%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Garcia Juvenal $325,000 Chicago Title
Lake County Division Of Trasportation $11,000 Wheatland Title Guaranty
German Andres $171,000 --
Potter John E $112,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner German Andres $123,644
Previous Owner German Andres $168,358
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2023 03/02/23 Sold $250,000 0.0% $113 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $250,000 -- $113 / 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 $6,302 $69,683 $17,251 $52,432
2023 $5,934 $60,906 $15,078 $45,828
2022 $5,934 $56,018 $13,002 $43,016
2021 $6,073 $51,695 $12,497 $39,198
2020 $5,859 $49,187 $11,891 $37,296
2019 $5,790 $47,190 $11,408 $35,782
2018 $5,423 $38,849 $9,403 $29,446
2017 $5,340 $36,543 $8,845 $27,698
2016 $4,954 $33,733 $8,165 $25,568
2015 $4,923 $30,817 $7,459 $23,358
2014 -- $32,129 $6,956 $25,173
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11714894

Midwest Real Estate Data (MRED)

APN: 06-21-415-047