551 S Martin Luther King jr Ave Waukegan, IL 60085
Estimated Value: $196,450 - $234,000
5
Beds
2
Baths
--
Sq Ft
5,619
Sq Ft Lot
Highlights
- Forced Air Heating System
- Ceiling Fan
- 3-minute walk to Eugene P King Park
About This Home
As of March 2019Fully occupied turn-key investment with stable tenants! Perfect for a buy and hold investor looking to put their money in a safe, tangible, and profitable asset! Buy now and let time work its magic!
Last Agent to Sell the Property
RE/MAX American Dream License #475123361 Listed on: 01/10/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,343
Year Built
- 1901
Lot Details
- Lot Dimensions are 173'x33'x179'x33'
Interior Spaces
- Ceiling Fan
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- TV Antenna
Community Details
- 2 Units
- Net Operating Income $22,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 16, 2024
Sold by
Aldo Valdes
Bought by
Jose M Corral Maldonado
Total Days on Market
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,145
Outstanding Balance
$6,124
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$207,489
Purchase Details
Listed on
Jan 10, 2019
Closed on
Mar 13, 2019
Sold by
Rubio Eder De La Cruz
Bought by
Valdes Aldo
Seller's Agent
Brenda Valdez
RE/MAX American Dream
Buyer's Agent
Brenda Valdez
RE/MAX American Dream
List Price
$145,000
Sold Price
$140,000
Premium/Discount to List
-$5,000
-3.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$137,464
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 10, 2018
Sold by
Loza Properties Llc
Bought by
Rubio Eder Dela Cruz
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,007
Interest Rate
4.5%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 12, 2014
Sold by
Norstates Bank
Bought by
Loza Properties Llc Series 551 Martin Lu
Purchase Details
Closed on
Jul 7, 2014
Sold by
Chicago Title Land Trust Company
Bought by
Norstates Bank
Similar Homes in Waukegan, IL
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 |
|---|---|---|---|
| Jose M Corral Maldonado | -- | None Listed On Document | |
| Valdes Aldo | $140,000 | Fidelity National Title | |
| Rubio Eder Dela Cruz | $110,000 | Chicago Title | |
| Loza Properties Llc Series 551 Martin Lu | $29,920 | Fidelity National Title | |
| Norstates Bank | -- | Chicago Title Land Trust Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Valdes Aldo | $6,145 | |
| Previous Owner | Valdes Aldo | $7,570 | |
| Previous Owner | Valdes Aldo | $4,008 | |
| Previous Owner | Valdes Aldo | $137,464 | |
| Previous Owner | Rubio Eder Dela Cruz | $108,007 | |
| Previous Owner | Chicago Title Land Trust Co | $308,131 | |
| Previous Owner | Bank Of Waukegan | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2019 03/14/19 | Sold | $140,000 | -3.4% | -- |
| 01/11/2019 01/11/19 | Pending | -- | -- | -- |
| 01/10/2019 01/10/19 | For Sale | $145,000 | +31.8% | -- |
| 07/18/2018 07/18/18 | Sold | $110,000 | 0.0% | -- |
| 05/17/2018 05/17/18 | For Sale | $110,000 | 0.0% | -- |
| 03/23/2018 03/23/18 | Pending | -- | -- | -- |
| 02/19/2018 02/19/18 | For Sale | $110,000 | -- | -- |
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 | $4,613 | $54,303 | $7,323 | $46,980 |
| 2023 | $4,613 | $48,925 | $6,556 | $42,369 |
| 2022 | $2,952 | $36,197 | $5,102 | $31,095 |
| 2021 | $2,951 | $34,303 | $4,444 | $29,859 |
| 2020 | $2,666 | $29,520 | $4,145 | $25,375 |
| 2019 | $3,368 | $27,050 | $3,798 | $23,252 |
| 2018 | $2,471 | $18,618 | $3,388 | $15,230 |
| 2017 | $2,343 | $16,471 | $2,997 | $13,474 |
| 2016 | $2,577 | $16,673 | $3,721 | $12,952 |
| 2015 | $2,521 | $14,922 | $3,330 | $11,592 |
| 2014 | $3,871 | $22,864 | $2,727 | $20,137 |
| 2012 | $4,794 | $24,772 | $2,955 | $21,817 |
Source: Public Records
Agents Affiliated with this Home
-
Brenda Valdez
Seller's Agent in 2019
Brenda Valdez
RE/MAX
(847) 858-5359
86 Total Sales
-
David Bovyn
Seller's Agent in 2018
David Bovyn
Chicago Style
(630) 878-8986
15 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10169509
APN: 08-28-223-012
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