NOT LISTED FOR SALE

807 S Mcalister Ave Waukegan, IL 60085

Estimated Value: $324,000 - $353,000

8 Beds
3 Baths
2,556 Sq Ft
$132/Sq Ft Est. Value

Last Sold January 26, 2022

Last sale price $242,000 $95 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,244/month

27 Days on Market

Highlights

  • Screened Porch
  • Paved or Partially Paved Lot
  • 5-minute walk to Citizens Park

About This Home

As of January 2022

10% 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.

Last Agent to Sell the Property

Elizabeth Lita

Vylla Home License #475105082 Listed on: 11/04/2021

Last Buyer's Agent

JC Gonzalez

Cloud Gate Realty LLC License #471021849

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,715

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Quad Level
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,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: 3
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch, Porch Screened, Breezeway
  • Foundation Details: Concrete Perimeter
  • List Price: 249900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 150

Schools

  • Elementary School: Andrew Cooke Magnet Elementary S
  • High School: Waukegan High School
  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 100 X 75
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Fuel Expense: 132
  • GrossIncome: 2900
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3715
  • Tax Year: 2020
  • Tax Exemptions: None

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%
Current Estimated Value
$336,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,418
Avg. Annual Appreciation
9.42%
Original Mortgage
$237,616
Outstanding Balance
$223,045
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$113,373

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
Source: Public Records

Range of Values:

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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
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

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 $5,601 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11263304

Midwest Real Estate Data (MRED)

APN: 08-28-415-003