$1,040,000
$1,199,900
13.3%For more information regarding the value of a property, please contact us for a free consultation.
2116 & 2101 Williamsburg Drive Waukegan, IL 60085
7,212 SqFt
Key Details
Sold Price $1,040,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 7,212 sqft
Price per Sqft $144
MLS Listing ID 11777044
Sold Date 01/19/24
Year Built 1950
Annual Tax Amount $17,856
Tax Year 2022
Lot Size 0.360 Acres
Lot Dimensions 60X134
Property Description
Excellent opportunity to own 2 Cash Cows on the Northwest side of Waukegan. Two 6-unit buildings conveniently located across the street from each other for easy management. 100% occupied and excellent operational history. 5 out of the 12 units have been completely renovated with new flooring, fresh window coverings, newly painted trim, walls and cabinets complete with new refrigerators and ovens along with 5 new dishwashers. There has been many updates including new water heater in 2116, 3 new refrigerators in 2116. New coin operated washing machine in 2116. Both boilers were fully serviced and cleaned out in 2022.These buildings are no brainers for the savvy investor. Properties are being offered at an 9.55 Cap with more room to raise rents as is or bring in working capital to upgrade the remaining units to collect top dollar! These 12 units are a perfect addition to a growing investors portfolio you won't want to miss out!
Location
State IL
County Lake
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
View Y/N true
Roof Type Tar and Gravel,Other
Building
Foundation Concrete Perimeter
Structure Type Brick,Wood Frame
Others
HOA Fee Include Water,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Toynoia Briggity • Chayanta Spaniol