$105,975
SOLD MAR 4, 2016

803 S Mcalister Ave Waukegan, IL 60085

8 Beds
6 Baths
-- Sq Ft
0.28 Acres

Recently Sold

459 Days on Market

About This Home

As of March 2016

Great Opportunity to own a Brick 7-unit building at an unbelievable price! There are six apartments w separate electric, two garages and one commercial space. All units currently rented creating a positive cash flow. Newer boiler installed 10/5/2012. Ample off-street parking. Seller will not provide survey. Taxes prorated at 100%. *Short Sale but the Lender has the Short Sale approved at list price. Make Offer today!

Last Agent to Sell the Property

Willie Simpson

RE/MAX Plaza License #475132200 Listed on: 10/31/2014

RE/MAX Plaza

Last Buyer's Agent

Josh Tobey

Castlewood Properties License #471004016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,258

Year Built

  • 1950

Home Design

  • Brick Exterior Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $5,400
  • Insurance Expense $1,635

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,258

Year Built

1950

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Limited Liability Corp
  • Estimated Age: Older
  • Net Operating Income Year: 2011
  • Net Oper Income: 21125
  • Outdoor Parking: 13-18 Spaces
  • Repairs Decor Expense: 2100
  • Scavenger Expense: 3000
  • Total Annual Exp: 23050
  • Total Annual Income: 44175
  • Total Monthly Income: 3875
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 2
  • Estimated Year Built: 1950
  • Type Multi Family: Flats
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1950

Exterior Features

  • Exterior Building Type: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 14

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Forced Air, Gas, Hot Water
  • Water Expense: 1900

Condo/Co-op/Association

  • Units in Building: 7

Fee Information

  • Electricity Expense: 750

Lot Info

  • Lot Dimensions: 80 X 140
  • Lot Sq Ft: 11200
  • Parcel Identification Number: 08284150370000

Rental Info

  • Gross Rental Income: 46500
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2012
  • Fuel Expense: 5400
  • Insurance Expense: 1635
  • Other Expenses: 500

Tax Info

  • Taxes: 7053.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2022
Sold by
Clear Capital Core 1 Llc
Bought by
Mcalister Apartments Llc
Current Estimated Value
$498,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Outstanding Balance
$263,248
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
$235,045

Purchase Details

Closed on
Jan 21, 2021
Sold by
Clear Capital Llc
Bought by
Clear Capital Core 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 31, 2014
Closed on
Mar 4, 2016
Sold by
Jimmy Group Llc
Bought by
Clear Capital Llc
Seller's Agent
Willie Simpson
RE/MAX Plaza
Buyer's Agent
Josh Tobey
Castlewood Properties
List Price
$105,975
Sold Price
$105,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.68%

Purchase Details

Closed on
Jul 2, 2014
Sold by
Wankegan Investment Group Incorporated
Bought by
The Jimmy Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2005
Sold by
Burdine Charles V and Black Shirley
Bought by
Waukegan Investment Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7%
Mortgage Type
Credit Line Revolving
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 Type Sale Price Title Company
Warranty Deed $375,000 Chicago Title
Interfamily Deed Transfer -- Attorney
Warranty Deed $105,975 Fidelity National Title
Quit Claim Deed -- Proper Title Llc
Warranty Deed $220,000 Ticor
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $281,250 Credit Line Revolving
Previous Owner $1,260,000 Commercial
Previous Owner $148,500 Commercial
Previous Owner $165,000 Commercial
Previous Owner $2,344,934 Commercial
Previous Owner $257,600 Commercial
Previous Owner $250,000 Credit Line Revolving
Previous Owner $70,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2018 03/01/18 Rented $700 0.0% --
02/03/2018 02/03/18 Under Contract -- -- --
01/23/2018 01/23/18 Price Changed $700 +3.7% $1 / Sq Ft
01/19/2018 01/19/18 Price Changed $675 -3.6% $1 / Sq Ft
01/11/2018 01/11/18 For Rent $700 -6.7% --
03/01/2017 03/01/17 Rented $750 -11.8% --
02/10/2017 02/10/17 Under Contract -- -- --
12/28/2016 12/28/16 For Rent $850 0.0% --
03/04/2016 03/04/16 Sold $105,975 0.0% --
02/02/2016 02/02/16 Pending -- -- --
10/31/2014 10/31/14 For Sale $105,975 -- --
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 $7,258 $80,499 $9,680 $70,819
2023 $7,166 $76,969 $9,255 $67,714
2022 $7,166 $73,304 $8,814 $64,490
2021 $7,674 $55,256 $8,737 $46,519
2020 $7,723 $67,696 $8,140 $59,556
2019 $7,723 $62,032 $7,459 $54,573
2018 $5,162 $39,924 $7,356 $32,568
2017 $5,024 $35,322 $6,508 $28,814
2016 $5,458 $49,459 $5,655 $43,804
2015 $7,478 $44,266 $5,061 $39,205
2014 $7,053 $44,826 $5,125 $39,701
2012 $7,454 $47,178 $5,554 $41,624
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08766827

Midwest Real Estate Data (MRED)

APN: 08-28-415-037