Waukegan, IL 60085,2116 & 2101 Williamsburg Drive
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Waukegan, IL 60085,2116 & 2101 Williamsburg Drive
Waukegan, IL 60085,2116 & 2101 Williamsburg Drive
Waukegan, IL 60085,2116 & 2101 Williamsburg Drive
Waukegan, IL 60085,2116 & 2101 Williamsburg Drive

$1,040,000

Est. payment /mo

$1,199,900

13.3%
Est.Price: ?

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2116 & 2101 Williamsburg Drive Waukegan, IL 60085

7,212 SqFt

SOLD DATE : 01/19/2024

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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Listed by Carlos Lopez • RE/MAX At Home
Bought with Toynoia Briggity • Chayanta Spaniol

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

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