NOT LISTED FOR SALE

608 W Avilon Ave Round Lake, IL 60073

Estimated Value: $386,355 - $495,000

8 Beds
4 Baths
-- Sq Ft
9,888 Sq Ft Lot

Last Sold November 15, 2018

Last sale price $233,000

Est. 95% increase in value since last sale

Current estimated payment $2,876/month

83 Days on Market

About This Home

As of November 2018

Great opportunity to own investment property Willing to split individual building sales for 275k. Owner Selling 3 four unit mirror image brick buildings as a package ONLY for 750k. One building has full basement. All Solid brick buildings with 4/ 2 bedroom in building with basement and 2 one bedrooms and 2 two bedrooms in other buildings. Fully rented. Nice location near train station and shopping. Agent owned.Note...no land contracts Conventional financing only

Last Agent to Sell the Property

Holly Arnold

IL Realty INC Listed on: 07/17/2018

Last Buyer's Agent

Luis Fuentes

RE/MAX Plaza License #475112552

RE/MAX Plaza

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,000

Year Built

  • Built in 1965

Lot Details

  • 9,888

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 90x110

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $3,582
  • Net Operating Income $14,378

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,000

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 0

Exterior Features

  • List Price: 275000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Public

Fee Information

  • Other Expenses $: 21442

Schools

  • Middle/Junior School District: 116

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 90X110
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: Y

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 14378
  • GrossIncome: 3582
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 6000
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2018
Closed on
Nov 15, 2018
Sold by
Smartspace Properties Llc
Bought by
Djak Properties Llc
Seller's Agent
Holly Arnold
IL Realty INC
Buyer's Agent
Luis Fuentes
RE/MAX Plaza
List Price
$275,000
Sold Price
$233,000
Premium/Discount to List
-$42,000
-15.27%
Current Estimated Value
$454,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,785
Avg. Annual Appreciation
6.62%
Original Mortgage
$532,500
Outstanding Balance
$471,874
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$110,381

Purchase Details

Closed on
Aug 24, 2010
Sold by
Mcgrath John T
Bought by
Smartspace Properties Llc Series 608 Avi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
4.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2010
Sold by
Atg Trust Company
Bought by
Mcgrath John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
4.83%
Mortgage Type
Commercial
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
Djak Properties Llc $224,830 Chicago Title
Smartspace Properties Llc Series 608 Avi -- None Available
Mcgrath John T $215,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Djak Properties Llc $532,500
Previous Owner Mcgrath John T $161,250
Previous Owner First National Bank Of Lake Forest $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $233,000 -15.3% --
10/08/2018 10/08/18 Pending -- -- --
09/13/2018 09/13/18 Price Changed $275,000 -63.3% --
07/22/2018 07/22/18 Price Changed $750,000 +172.7% --
07/17/2018 07/17/18 For Sale $275,000 -- --
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 $5,684 $61,221 $22,691 $38,530
2023 $5,486 $56,187 $20,825 $35,362
2022 $5,486 $53,145 $20,025 $33,120
2021 $5,827 $51,081 $19,247 $31,834
2020 $5,476 $48,602 $18,313 $30,289
2019 $5,476 $46,630 $17,570 $29,060
2018 $6,289 $46,825 $20,381 $26,444
2017 $6,189 $44,045 $19,171 $24,874
2016 $6,008 $40,658 $17,697 $22,961
2015 $5,927 $37,145 $16,168 $20,977
2014 $5,645 $36,622 $8,080 $28,542
2012 $5,554 $38,248 $8,439 $29,809
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10021033

Midwest Real Estate Data (MRED)

APN: 06-29-101-014