624 8th St Waukegan, IL 60085
Estimated Value: $187,000 - $212,000
5
Beds
2
Baths
1,952
Sq Ft
$104/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Enclosed Balcony
- Forced Air Heating System
- Fenced Yard
- 2 Car Detached Garage
- Ceiling Fan
About This Home
As of April 2022Great investor or owner occupant opportunity, with gross income of $24K/year and netting $15-$16K per year. You'll be immediately impressed by the curb appeal of this building with spacious front balconies for each unit and white picket fence. 1st floor tenant pays $1,000 per month and would like to renew her lease in the spring. 2nd floor tenant also pays $1,000 per month, which includes garage, and is month to month. Currently 1st floor tenant has access to full, unfinished basement, and 2nd floor tenant has use of the huge approx. 35 x 15 unfinished attic, as well as the 2 car detached garage. Units are identical in floor plan, except that the 1st floor unit has a 3rd BR and 2nd floor unit has 2 BRs. Spacious kitchens with large walk-in pantries in both units; Newer oven/range in 1st floor unit; Wood and laminate flooring; Several newer windows; Separate gas heat & electric. Good sized fenced back yard.
Last Listed By
Char Brengel Real Estate LLC License #471010101 Listed on: 11/13/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,947
Year Built
- Built in 1920
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 38 x 167
- Fenced Yard
- Wood Fence
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Home Design
- Colonial Architecture
- Brick Foundation
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Outdoor Features
- Enclosed Balcony
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Multiple Water Heaters
Community Details
Overview
- 2 Units
Building Details
- Gross Income $24,000
- Net Operating Income $15,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 13, 2021
Closed on
Mar 14, 2022
Sold by
Rural American Properties Inc
Bought by
Tobar David Elias Cabrer
Seller's Agent
Charlotte Brengel
Char Brengel Real Estate LLC
Buyer's Agent
Flor Luis Washington
Century 21 Circle
Sold Price
$146,200
Total Days on Market
78
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,113
Avg. Annual Appreciation
11.15%
Original Mortgage
$143,551
Outstanding Balance
$134,856
Interest Rate
3.76%
Mortgage Type
FHA
Estimated Equity
$68,457
Purchase Details
Listed on
Aug 20, 2014
Closed on
Feb 23, 2015
Sold by
Homework Investors Llc
Bought by
Rural American Properties Inc and Homework Investors Inc
Seller's Agent
Alexander Attiah
Fulton Grace Realty
Buyer's Agent
Tresa Lockett
List Price
$68,000
Sold Price
$42,000
Premium/Discount to List
-$26,000
-38.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.94%
Purchase Details
Listed on
Aug 20, 2014
Closed on
Jan 20, 2015
Sold by
Hill Latonya L
Bought by
Homework Investors Llc
Seller's Agent
Alexander Attiah
Fulton Grace Realty
Buyer's Agent
Tresa Lockett
List Price
$68,000
Sold Price
$42,000
Premium/Discount to List
-$26,000
-38.24%
Purchase Details
Closed on
Jan 18, 2000
Sold by
Meyer Leo A
Bought by
Jennings Johnnie B and Hill Latonya L
Purchase Details
Closed on
Feb 16, 1996
Sold by
Meyer Leo A
Bought by
Meyer Leo A and Leo A Meyer Revocable Trust #1
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Similar Home in Waukegan, IL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tobar David Elias Cabrer | $146,500 | New Title Company Name | |
| Rural American Properties Inc | -- | None Available | |
| Homework Investors Llc | $42,000 | Multiple | |
| Jennings Johnnie B | $50,000 | -- | |
| Meyer Leo A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tobar David Elias Cabrer | $143,551 | |
| Previous Owner | Jennings Johnnie B | $45,000 | |
| Previous Owner | Jennings Johnnie B | $45,000 | |
| Previous Owner | Jennings Johnnie B | $10,000 | |
| Closed | Tobar David Elias Cabrer | $7,310 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2022 04/12/22 | Sold | $146,200 | 0.0% | $75 / Sq Ft |
| 02/01/2022 02/01/22 | For Sale | -- | -- | -- |
| 01/31/2022 01/31/22 | Pending | -- | -- | -- |
| 12/21/2021 12/21/21 | Off Market | $146,200 | -- | -- |
| 11/16/2021 11/16/21 | Pending | -- | -- | -- |
| 11/13/2021 11/13/21 | For Sale | $139,900 | +233.1% | $72 / Sq Ft |
| 02/02/2015 02/02/15 | Sold | $42,000 | -6.5% | $22 / Sq Ft |
| 01/07/2015 01/07/15 | Pending | -- | -- | -- |
| 10/28/2014 10/28/14 | Price Changed | $44,900 | -25.0% | $23 / Sq Ft |
| 09/09/2014 09/09/14 | Price Changed | $59,900 | -11.9% | $31 / Sq Ft |
| 08/20/2014 08/20/14 | For Sale | $68,000 | -- | $35 / Sq Ft |
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 | $3,840 | $54,092 | $8,372 | $45,720 |
| 2023 | $2,752 | $48,728 | $7,495 | $41,233 |
| 2022 | $2,752 | $28,151 | $5,133 | $23,018 |
| 2021 | $2,909 | $27,905 | $5,088 | $22,817 |
| 2020 | $2,947 | $25,997 | $4,740 | $21,257 |
| 2019 | $3,574 | $28,709 | $4,343 | $24,366 |
| 2018 | $2,630 | $20,344 | $3,226 | $17,118 |
| 2017 | $2,560 | $17,999 | $2,854 | $15,145 |
| 2016 | $2,417 | $15,641 | $3,544 | $12,097 |
| 2015 | $2,365 | $16,586 | $3,172 | $13,414 |
| 2014 | $2,706 | $21,534 | $2,523 | $19,011 |
| 2012 | $4,438 | $27,794 | $2,734 | $25,060 |
Source: Public Records
Agents Affiliated with this Home
-
Charlotte Brengel
C
Seller's Agent in 2022
Charlotte Brengel
Char Brengel Real Estate LLC
(847) 951-5131
69 Total Sales
-
Flor Luis Washington
Buyer's Agent in 2022
Flor Luis Washington
Century 21 Circle
(847) 609-3776
128 Total Sales
-
Alexander Attiah
Seller's Agent in 2015
Alexander Attiah
Fulton Grace Realty
(847) 276-5980
232 Total Sales
-
T
Buyer's Agent in 2015
Tresa Lockett
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11269950
APN: 08-28-311-075
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