807 S Mcalister Ave Waukegan, IL 60085
Estimated Value: $290,000 - $327,000
8
Beds
3
Baths
2,556
Sq Ft
$120/Sq Ft
Est. Value
Highlights
- Screened Porch
- Paved or Partially Paved Lot
- 5-minute walk to Citizens Park
About This Home
As of January 202210% Cap Rate - Extra Large Waukegan Turnkey 2 Unit! Potential to utilize the studio to go back to 3 units. Fully rented and profiting with above market rents. Unit 1 is updated with 4 bedrooms, 1 bath, family room, kitchen and a butler's pantry. Option to convert 4th bedroom back to the original dining room for additional living space. Unit 2 is updated and has 4 bedrooms, 2 bathrooms, family room, kitchen and an enclosed 3 season room. Basement includes laundry area with coin operated machines and private, partially finished Studio Apartment with separate entrance and egress (check with city regarding converting back to 3 units) Fenced yard with 3 large parking spots off alley. Full, partially finished attic for additional storage. Both tenants wish to stay if an investor or live in one unit and let the other unit pay your mortgage! Rents are 2,900 for both units- 1,450 each. This one will not last.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,715
Year Built
- Built in 1920
Lot Details
- 1,307 Sq Ft Lot
- Lot Dimensions are 100 x 75
- Paved or Partially Paved Lot
Home Design
- Quad-Level Property
- Frame Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Screened Porch
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 3 Bathrooms
Parking
- 3 Parking Spaces
- Uncovered Parking
- Off Alley Parking
- Parking Space is Owned
- Unassigned Parking
Outdoor Features
- Breezeway
Schools
- Andrew Cooke Magnet Elementary S
- Waukegan High School
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 2 Units
Building Details
- Fuel Expense $132
- Water Sewer Expense $150
- Gross Income $2,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2021
Closed on
Jan 26, 2022
Sold by
Craft Home Renovations Llc
Bought by
Sandoval Julia E Ochoa
Seller's Agent
Elizabeth Lita
Vylla Home
Buyer's Agent
JC Gonzalez
Cloud Gate Realty LLC
List Price
$259,900
Sold Price
$242,000
Premium/Discount to List
-$17,900
-6.89%
Total Days on Market
27
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
$63,800
Avg. Annual Appreciation
7.26%
Original Mortgage
$237,616
Outstanding Balance
$224,502
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$81,298
Purchase Details
Listed on
Jul 21, 2019
Closed on
Sep 11, 2019
Sold by
Schier Keevin and Schier Kathleen P
Bought by
Craft Home Renovations Llc
Seller's Agent
Soh Tanaka
Cruise Property Management
Buyer's Agent
Elizabeth Lita
Vylla Home
List Price
$135,000
Sold Price
$134,900
Premium/Discount to List
-$100
-0.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.96%
Original Mortgage
$94,430
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jul 17, 2002
Sold by
Dlj Mtg Capital Inc
Bought by
Schier Keevin
Purchase Details
Closed on
Apr 11, 2002
Sold by
Kremer Glenda and Case #01-Ch-1182
Bought by
Dlj Mtg Capital Inc
Purchase Details
Closed on
Oct 6, 2000
Sold by
Rominski Joseph R and Trust #807
Bought by
Kremer Glenda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.96%
Mortgage Type
Commercial
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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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sandoval Julia E Ochoa | $242,000 | Chicago Title | |
| Craft Home Renovations Llc | $135,000 | Attorney | |
| Schier Keevin | $100,000 | Stewart Title Company | |
| Dlj Mtg Capital Inc | $117,255 | Wheatland Title | |
| Kremer Glenda | $170,000 | -- | |
| Rominski Joseph R | $91,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sandoval Julia E Ochoa | $237,616 | |
| Previous Owner | Craft Home Renovations Llc | $94,430 | |
| Previous Owner | Schier Keevin A | $140,000 | |
| Previous Owner | Schler Keevin | $130,000 | |
| Previous Owner | Kremer Glenda | $136,000 | |
| Previous Owner | Chang Bing Y | $84,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/26/2022 01/26/22 | Sold | $242,000 | -6.9% | $95 / Sq Ft |
| 12/02/2021 12/02/21 | Pending | -- | -- | -- |
| 11/04/2021 11/04/21 | For Sale | $259,900 | +92.7% | $102 / Sq Ft |
| 09/13/2019 09/13/19 | Sold | $134,900 | 0.0% | $53 / Sq Ft |
| 07/25/2019 07/25/19 | Pending | -- | -- | -- |
| 07/21/2019 07/21/19 | Price Changed | $134,900 | -0.1% | $53 / Sq Ft |
| 07/21/2019 07/21/19 | For Sale | $135,000 | 0.0% | $53 / Sq Ft |
| 03/05/2019 03/05/19 | Rented | $1,100 | 0.0% | -- |
| 01/22/2019 01/22/19 | For Rent | $1,100 | 0.0% | -- |
| 01/19/2019 01/19/19 | Off Market | $1,100 | -- | -- |
| 01/17/2019 01/17/19 | For Rent | $1,100 | -- | -- |
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 | $5,601 | $85,525 | $7,724 | $77,801 |
| 2023 | $4,665 | $67,402 | $6,915 | $60,487 |
| 2022 | $4,665 | $47,717 | $5,382 | $42,335 |
| 2021 | $3,973 | $38,110 | $4,688 | $33,422 |
| 2020 | $3,715 | $32,775 | $4,373 | $28,402 |
| 2019 | $3,739 | $30,033 | $4,007 | $26,026 |
| 2018 | $2,361 | $18,265 | $3,276 | $14,989 |
| 2017 | $2,316 | $16,159 | $2,898 | $13,261 |
| 2016 | $3,100 | $20,059 | $3,597 | $16,462 |
| 2015 | $3,033 | $17,953 | $3,219 | $14,734 |
| 2014 | $4,450 | $26,283 | $2,655 | $23,628 |
| 2012 | $5,512 | $28,476 | $2,877 | $25,599 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Lita
Seller's Agent in 2022
Elizabeth Lita
Vylla Home
35 Total Sales
-
JC Gonzalez
Buyer's Agent in 2022
JC Gonzalez
Cloud Gate Realty LLC
(773) 791-9219
305 Total Sales
-
Soh Tanaka
Seller's Agent in 2019
Soh Tanaka
Cruise Property Management
(630) 841-9469
17 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11263304
APN: 08-28-415-003
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