831 S Martin Luther King jr Ave Waukegan, IL 60085
Estimated Value: $222,000 - $258,000
6
Beds
2
Baths
--
Sq Ft
5,227
Sq Ft Lot
About This Home
As of August 2022Live in a budding environment filled with culture, music, food, and zest in this historic village. This multi-unit is ripe for investment and offers instant rent and opportunity. These units display plenty of sunlight, they're spacious, super clean, feature high ceilings, and are well taken care of. Great for cash flow and perfect for owner-occupied living. Blocks away from North Beach, Stewart Park, The Waukegan History museum, Jack Benny Center, Genese theatre, Bowen Park, and a plethora of Downtown restaurants, shops, bars, and venues. Location is one of a kind - **** Multiple Offers received - The Highest and best due by friday May 27th - 7Pm *****
Last Agent to Sell the Property
eXp Realty, LLC License #475163908 Listed on: 05/24/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,652
Year Built
- Built in 1910
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 50 x 150
Parking
- 2 Car Attached Garage
- Parking Space is Owned
Home Design
- Asphalt Roof
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2022
Closed on
Jul 5, 2022
Sold by
Hosanna and Hipolita
Bought by
Garfias Santiago Sanchez
Seller's Agent
Eduardo Santos
eXp Realty, LLC
Buyer's Agent
Eduardo Martinez
Zima Realty LLC
List Price
$219,000
Sold Price
$240,000
Premium/Discount to List
$21,000
9.59%
Total Days on Market
3
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
-$2,989
Avg. Annual Appreciation
-0.45%
Original Mortgage
$192,000
Interest Rate
8.13%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 4, 2019
Closed on
Mar 8, 2019
Sold by
Stearns Asset Backed Securities Llc
Bought by
Hosanna Richard and Hosanna Hipolita
Seller's Agent
Bill Knapp
Lake Shore Drive Realty, Inc.
Buyer's Agent
Joe Gozun
Midwest America Realty, Inc.
List Price
$76,500
Sold Price
$84,500
Premium/Discount to List
$8,000
10.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.94%
Purchase Details
Closed on
Oct 29, 2018
Sold by
Wilbat Robert and Wilbat Theresa
Bought by
Wells Fargo Bank Na and Bear Stearns Asset Backed Securities I L
Purchase Details
Closed on
Sep 29, 2005
Sold by
Bieniak Dan
Bought by
Wilbat Robert and Wilbat Theresa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,200
Interest Rate
3%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Apr 5, 2002
Sold by
3B Corp
Bought by
Bieniak Dan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,200
Interest Rate
7.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 21, 2002
Sold by
Barnett Walter T and Barnett Tracey T
Bought by
3B Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,200
Interest Rate
7.18%
Mortgage Type
Commercial
Similar Homes in Waukegan, IL
Create a Home Valuation Report for This Property
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garfias Santiago Sanchez | $240,000 | Smythe & Lee | |
| Hosanna Richard | $84,500 | Fidelity National Title | |
| Wells Fargo Bank Na | -- | None Available | |
| Wilbat Robert | $109,000 | Ticor | |
| Bieniak Dan | -- | -- | |
| 3B Corp | $94,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Garfias Santiago Sanchez | $192,000 | |
| Previous Owner | Wilbat Theresa | $22,000 | |
| Previous Owner | Wilbat Robert | $87,200 | |
| Previous Owner | Wilbat Robert | $35,000 | |
| Previous Owner | Bieniak Dan | $75,200 | |
| Previous Owner | Bieniak Dan | $75,200 | |
| Previous Owner | Barnett Walter T | $70,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2022 08/18/22 | Sold | $240,000 | +9.6% | -- |
| 05/28/2022 05/28/22 | Pending | -- | -- | -- |
| 05/24/2022 05/24/22 | For Sale | $219,000 | +159.2% | -- |
| 03/26/2019 03/26/19 | Sold | $84,500 | +10.5% | -- |
| 02/27/2019 02/27/19 | Pending | -- | -- | -- |
| 02/21/2019 02/21/19 | For Sale | $76,500 | 0.0% | -- |
| 01/18/2019 01/18/19 | Pending | -- | -- | -- |
| 01/04/2019 01/04/19 | For Sale | $76,500 | -- | -- |
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 | $4,830 | $57,844 | $7,036 | $50,808 |
| 2023 | $3,611 | $51,225 | $6,299 | $44,926 |
| 2022 | $3,611 | $36,939 | $4,903 | $32,036 |
| 2021 | $3,652 | $35,030 | $4,270 | $30,760 |
| 2020 | $3,415 | $30,125 | $3,983 | $26,142 |
| 2019 | $3,437 | $27,605 | $3,650 | $23,955 |
| 2018 | $2,055 | $15,893 | $2,983 | $12,910 |
| 2017 | $2,000 | $14,061 | $2,639 | $11,422 |
| 2016 | $2,698 | $17,456 | $3,277 | $14,179 |
| 2015 | $2,639 | $15,623 | $2,933 | $12,690 |
| 2014 | $3,316 | $19,603 | $3,222 | $16,381 |
| 2012 | $4,110 | $21,237 | $3,490 | $17,747 |
Source: Public Records
Agents Affiliated with this Home
-
Eduardo Santos
Seller's Agent in 2022
Eduardo Santos
eXp Realty, LLC
(847) 401-5421
56 Total Sales
-
Eduardo Martinez
Buyer's Agent in 2022
Eduardo Martinez
Zima Realty LLC
(773) 634-9700
58 Total Sales
-
Bill Knapp
Seller's Agent in 2019
Bill Knapp
Lake Shore Drive Realty, Inc.
(773) 348-7600
69 Total Sales
-
Joe Gozun
Buyer's Agent in 2019
Joe Gozun
Midwest America Realty, Inc.
(847) 505-8176
105 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11413831
APN: 08-28-417-008
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