NOT LISTED FOR SALE

917 Grand Ave Waukegan, IL 60085

Estimated Value: $234,000 - $341,000

4 Beds
6 Baths
-- Sq Ft
0.25 Acres

Last Sold February 26, 2016

Last sale price $122,500

Est. 135% increase in value since last sale

Current estimated payment $2,203/month

68 Days on Market

About This Home

As of February 2016

Bank Owned!! 6 Unit building consisting of 4 one bedroom apartments and 2 studio apartments. Plenty of parking available plus two car garage for extra income. Just west of the corner of Grand and Jackson. Building electrical has all been upgraded and has passed fire and city inspections recently.

Last Agent to Sell the Property

Bob Krombach

Baird & Warner License #475129346 Listed on: 12/08/2015

Baird & Warner

Last Buyer's Agent

Bob Krombach

Baird & Warner License #475129346 Listed on: 12/08/2015

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,636

Year Built

  • 1939

Lot Details

  • 0.25

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Unfinished Basement

  • Exterior Basement Entry
  • Basement Cellar

Community Details

  • Insurance Expense $1,820

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,636

Year Built

1939

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Corporation
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2015
  • Net Oper Income: 19555
  • Repairs Decor Expense: 927
  • Scavenger Expense: 1235
  • Total Annual Exp: 17359
  • Total Annual Income: 38556
  • Total Monthly Income: 3113
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 2
  • Estimated Year Built: 1939
  • Type Multi Family: Flats
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1939

Interior Features

  • Basement: Unfinished, Cellar, Exterior Access

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete, Wood Frame
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heatventilation: Central Heat/Indiv Controls, Forced Air, Gas
  • Water Expense: 1447

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 2220
  • Electrical Service: Circuit Breakers, 0-100 Amps
  • Janitor Expense: 500

Lot Info

  • Lot Dimensions: 53' X 198'
  • Parcel Identification Number: 08211170140000

Rental Info

  • Gross Rental Income: 37356
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2015
  • Insurance Expense: 1820
  • Other Expenses: 1000
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 5595.80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2015
Closed on
Feb 19, 2016
Sold by
North Shore Trust & Savings
Bought by
Petre Magdalena and Petre Teodore
Seller's Agent
Bob Krombach
Baird & Warner
Buyer's Agent
Bob Krombach
Baird & Warner
List Price
$150,000
Sold Price
$122,500
Premium/Discount to List
-$27,500
-18.33%
Current Estimated Value
$287,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,000
Avg. Annual Appreciation
9.40%

Purchase Details

Closed on
Mar 24, 2015
Sold by
Robles Sixto and Case #14 Ch 1889
Bought by
North Shore Trust & Savings

Purchase Details

Closed on
Jun 16, 1999
Sold by
Molloy Lucille K
Bought by
Robles Sixto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,088
Interest Rate
7.06%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Petre Magdalena $122,500 Fidelity Natl Title Ins Co
North Shore Trust & Savings -- None Available
Robles Sixto $155,006 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robles Sixto $262,500
Previous Owner Robles Sixto $148,500
Previous Owner Robles Sixto $180,000
Previous Owner Robles Sixto $131,088
Previous Owner Bank Of Northern Illinois $131,088
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2016 02/26/16 Sold $122,500 -18.3% --
02/14/2016 02/14/16 Pending -- -- --
12/08/2015 12/08/15 For Sale $150,000 -- --
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 $7,636 $84,693 $13,672 $71,021
2023 $8,573 $80,980 $13,073 $67,907
2022 $8,573 $87,693 $12,008 $75,685
2021 $7,816 $74,972 $10,305 $64,667
2020 $7,917 $69,845 $9,600 $60,245
2019 $7,968 $64,002 $8,797 $55,205
2018 $6,865 $53,101 $9,961 $43,140
2017 $6,683 $46,980 $8,813 $38,167
2016 $6,309 $40,824 $7,658 $33,166
2015 $6,172 $36,538 $6,854 $29,684
2014 $5,592 $33,051 $4,267 $28,784
2012 $6,930 $35,809 $4,623 $31,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09098987

Midwest Real Estate Data (MRED)

APN: 08-21-117-014