NOT LISTED FOR SALE

547 S Martin Luther King Junior Ave Waukegan, IL 60085

Estimated Value: $160,000 - $228,000

5 Beds
2 Baths
2,636 Sq Ft
$77/Sq Ft Est. Value

Last Sold October 06, 2020

Last sale price $62,000 $24 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $1,463/month

8 Days on Market

Highlights

  • Main Floor Bedroom
  • Baseboard Heating
  • 3-minute walk to Eugene P King Park
  • Bathroom on Main Level

About This Home

As of October 2020

Investors dream! Property needs work but has lots of potential! This charming home is ready for you and your unique ideas! Nice floor plan with lots of spacious room sizes. Large front porch. Large unfinished basement perfect for storage or updating to living space! Invest wisely with this property having 2 livable units. Easy updating and transition to legal 2 unit. Water heater from 2009 and furnace from 2014. Its the perfect opportunity to make all your house designing ideas come to reality. Don't miss out on this opportunity! Sold as is. Schedule a showing today to see its potential! Check out the virtual tour.

Last Agent to Sell the Property

Dustin Mayes

Z Team License #471019731 Listed on: 09/10/2020

Last Buyer's Agent

Joe Gozun

Midwest America Realty, Inc. License #471009809

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,155

Year Built

  • 1900

Lot Details

  • 5,663

Home Design

  • Aluminum Siding
  • Steel Siding
  • Vinyl Siding

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Parking

  • Parking Available
  • Parking Included in Price

Additional Features

  • Oven or Range
  • Basement Fills Entire Space Under The House
  • Baseboard Heating

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,155

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 100+ Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Type Detached: 2 Stories
  • Estimated Year Built: 1900
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Interior Property Features: 1st Floor Bedroom, 1st Floor Full Bath
  • Number Of Rooms: 7
  • Living Room: Dimensions: 12X15, On Level: Main Level, Flooring: Carpet
  • Appliances: Oven/Range, Refrigerator
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 5
  • Above Grade Bedrooms: 5
  • Kitchen Type: Dimensions: 11X12, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Rooms: 5th Bedroom
  • Master Bedroom: Dimensions: 14X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 12X10, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 14X8, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 12X10, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 4: Dimensions: 8X10, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 2636

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Aluminum Siding, Vinyl Siding, Steel Siding
  • Acreage: 0.138

Garage/Parking

  • Number of Cars: 2
  • Parking: Space/s
  • Number Parking Spaces: 2
  • Parking On Site: Yes
  • Parking Included In Price: Yes

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Baseboard

Condo/Co-op/Association

  • Assessed Sq Ft: 1722

Schools

  • School District: 60
  • Junior High Dist: 60

Lot Info

  • Lot Dimensions: 6004
  • Parcel Identification Number: 08282230050000

Tax Info

  • Taxes: 2911.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Sep 29, 2020
Sold by
Lee Jerry
Bought by
Hosanna Richard
Seller's Agent
Dustin Mayes
Z Team
Buyer's Agent
Joe Gozun
Midwest America Realty, Inc.
List Price
$69,900
Sold Price
$62,000
Premium/Discount to List
-$7,900
-11.3%
Current Estimated Value
$204,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,101
Avg. Annual Appreciation
25.55%

Purchase Details

Closed on
Feb 14, 2019
Sold by
Velazquez Minerva
Bought by
547 Mlk Jr Avenue Ik Trust

Purchase Details

Closed on
Apr 14, 2003
Sold by
Fifth Third Bank
Bought by
Velazquez David and Velazquez Minerva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.78%
Mortgage Type
Commercial
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
Hosanna Richard $62,000 Old Republic Title
547 Mlk Jr Avenue Ik Trust $16,000 None Available
Velazquez David $110,000 Matc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rzs Properties Llc $280,000
Previous Owner Velazquez David $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2020 10/06/20 Sold $62,000 -11.3% $24 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $69,900 -- $27 / 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 $4,155 $49,217 $7,823 $41,394
2023 $4,155 $44,064 $7,004 $37,060
2022 $3,368 $34,448 $5,451 $28,997
2021 $3,082 $29,566 $4,748 $24,818
2020 $2,893 $25,517 $4,428 $21,089
2019 $2,911 $23,383 $4,058 $19,325
2018 $1,831 $14,159 $3,619 $10,540
2017 $1,782 $12,527 $3,202 $9,325
2016 $2,403 $15,549 $3,974 $11,575
2015 $2,351 $13,917 $3,557 $10,360
2014 $2,954 $17,463 $1,704 $15,759
2012 $4,088 $18,919 $1,846 $17,073
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10853393

Midwest Real Estate Data (MRED)

APN: 08-28-223-005