NOT LISTED FOR SALE

525 South Ave Waukegan, IL 60085

Estimated Value: $188,687 - $265,000

4 Beds
2 Baths
1,938 Sq Ft
$109/Sq Ft Est. Value

Last Sold February 26, 2018

Last sale price $141,000 $73 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,628/month

146 Days on Market

About This Home

As of February 2018

Make 17k a year with this stable property that is easy to show and rent! One of the nicest homes in the neighborhood! This clean duplex also has nice floors and detailed carpentry work inside. Buy this Turn-key investment today and start making some easy money!

Last Agent to Sell the Property

Quentin Turner

Kale Realty License #475162192 Listed on: 08/07/2017

Kale Realty

Last Buyer's Agent

Shane Jones

Prime Real Estate License #471018968

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,714

Year Built

  • 1901

Lot Details

  • 8,451

Home Design

  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 48x171

Community Details

  • 2 Units
  • Gross Income $17,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,714

Year Built

1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1901

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 150000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 60

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 48X171
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • GrossIncome: 17000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 2713.75
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2018
Sold by
Brown H Alfred Junior
Bought by
Sollake Property Management Llc
Total Days on Market
146
Current Estimated Value
$211,172

Purchase Details

Listed on
Aug 7, 2017
Closed on
Feb 20, 2018
Sold by
Loza Properties Llc Series 525 South
Bought by
Brown Jr Alfred
Seller's Agent
Quentin Turner
Kale Realty
Buyer's Agent
Shane Jones
Prime Real Estate
Sold Price
$141,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$138,446
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 2013
Sold by
Lozada George and Lozada Maria
Bought by
Loza Properties Llc Series 525 South

Purchase Details

Closed on
Jul 27, 2012
Sold by
Lopez Ramon and Lopez Martha
Bought by
Lozada Maria and Lozada George

Purchase Details

Closed on
Aug 28, 2006
Sold by
Oneal Essence M
Bought by
Lopez Ramon and Lopez Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
8.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 29, 2004
Sold by
Abdeljaber Emad
Bought by
Oneal Essence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,920
Interest Rate
7.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 2003
Sold by
Hud
Bought by
Abdeljaber Emad

Purchase Details

Closed on
Aug 28, 2002
Sold by
Martinez
Bought by
Hud

Purchase Details

Closed on
Feb 27, 2001
Sold by
Ruiz Maria
Bought by
Tejeda Jose and Martinez Sostenes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,766
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2000
Sold by
Rodriguez Alfredo and Gonzalez Miguel
Bought by
Ruiz Maria

Purchase Details

Closed on
Aug 29, 1996
Sold by
Gutierrez Ricardo and Garibay Ignacio
Bought by
Rodriguez Alfredo and Ruiz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,211
Interest Rate
8.27%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Sollake Property Management Llc -- None Available
Brown Jr Alfred $141,000 Chicago Title
Loza Properties Llc Series 525 South -- None Available
Lozada Maria $30,000 Fidelity National Title Insu
Lopez Ramon $162,000 First American Title Ins Co
Oneal Essence $160,000 Ticor Title Insurance Compan
Abdeljaber Emad -- Stewart Title Company
Hud -- Wheatland Title
Tejeda Jose $159,000 Stewart Title
Ruiz Maria -- Stewart Title
Rodriguez Alfredo $99,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Alfred Junior $14,865
Previous Owner Brown Jr Alfred $138,446
Previous Owner Lopez Ramon $129,600
Previous Owner Lopez Ramon $32,400
Previous Owner Oneal Essence $127,920
Previous Owner Tejeda Jose $156,766
Previous Owner Rodriguez Alfredo $98,211
Closed Oneal Essence $31,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2018 02/26/18 Sold $141,000 -- $73 / Sq Ft
12/31/2017 12/31/17 Pending -- -- --
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 $6,085 $71,628 $11,004 $60,624
2023 $5,027 $64,527 $9,852 $54,675
2022 $5,027 $51,421 $7,667 $43,754
2021 $4,600 $44,125 $6,677 $37,448
2020 $4,313 $38,051 $6,229 $31,822
2019 $4,341 $34,868 $5,708 $29,160
2018 $2,583 $23,754 $4,241 $19,513
2017 $2,012 $14,146 $3,753 $10,393
2016 $2,714 $17,561 $4,658 $12,903
2015 $2,655 $15,717 $4,169 $11,548
2014 $2,686 $15,876 $3,320 $12,556
2012 $1,598 $17,200 $3,597 $13,603
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09713437

Midwest Real Estate Data (MRED)

APN: 08-28-126-008