Last Sold Price
205 W State Rd, Island Lake, IL 60042

Description

B-1 Zoned. Current use is Multi-unit on one pin#. History of the property is that it used to be a fishing resort with an in ground swimming pool, a lodge and a concession stand. All units are leased. This is a very well maintained and cared for property and has been in the family for 45 years! It consists of three single family homes, two garages, and four one bedroom unit building. One garage has been subdivided to create storage units for the apartment and the two back home tenants. Second garage...B-1 Zoned. Current use is Multi-unit on one pin#. History of the property is that it used to be a fishing resort with an in ground swimming pool, a lodge and a concession stand. All units are leased. This is a very well maintained and cared for property and has been in the family for 45 years! It consists of three single family homes, two garages, and four one bedroom unit building. One garage has been subdivided to create storage units for the apartment and the two back home tenants. Second garage is rented out as storage. Asphalt drive and parking lot were paved last year. Agent can send you the link for the property website with interior pictures.
LISTING CLOSED: 01/12/2024 12:00 AM

  1. Listed by Dorene Swanson • Glacier Realty, Inc.
    P: (815) 347-2090 C: (815) 347-2090 dswanson@glacier-realty.com

Sold By New Concept Realty

Property Details for 205 West State Road

Status
MLS #
11876663
Days on Market
40
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family 5+ / Multi Family 5+-Other
Year Built
1960
Lot Size
1.60 AC / 69,696 SF
Area
Island Lake
Township
Nunda
Zoning
COMMR

Location

Add your commute

Building Information for 205 West State Road

Stories1Residences7Year Built1960Building Size-Lot Size1.60 AC / 69,696 SF

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Principal and Interest

$4,524

Property Taxes

$1,452

HOA Dues

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Property Information for 205 West State Road

General Information
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 149X418X100X176X246X170
  • Stories: 1
  • Lot Size Source: Survey
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial
  • Public Document Count: 5
  • Document Date: 2023-09-29T11:23:30
  • Photos Count: 40
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $94,260.00
  • Gross Scheduled Income: $94,260.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Total Monthly Income: 7855
  • Net Operating Income: $61,154.00
  • Operating Expense: $33,106.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 0
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 205 West State Road

DateEvent & SourcePriceAppreciation
Jan 12, 2024

Sold

MRED #11876663

$890,000
Oct 13, 2023

Pending

MRED #11876663

Oct 13, 2023

Contingent

MRED #11876663

DateEvent & SourcePrice
01/12/2024

Sold

MRED #11876663

$890,000
10/13/2023

Pending

MRED #11876663

10/13/2023

Contingent

MRED #11876663

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 205 West State Road

Taxable ValueLand$33,567Additions$187,254Total$220,821
Tax Record2024$17,425 ($1,452 / month)
Home Facts
Beds4Total Finished SqFt2,280 SqFtAbove Grade Finished SqFt2,280 SqFtStories2Lot Size95,076 SqFtStyleSingle Family ResidenceYear Built1960CountyMCHENRYAPN15-20-478-026

Schools near 205 West State Road

This home is within Wauconda Community Unit School District 118.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Cotton Creek School
PublicPK to 5

Matthews Middle School
Public6 to 8

Wauconda High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 205 West State Road, Island Lake, IL 60042
$890,000
69,696
$260,000
3
1,560
2
1
904
52,467
4
6
2,130
26,136
20,909
$150,000
900

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Glacier Realty, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/12/2024 02:19 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.