Sold
Last Sold Price
205 W State Rd, Island Lake, IL 60042
Multi FamilyProperty Type
1.6 acresLot Size
1960Year Built

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.

    Sold By New Concept Realty

    • Listed by: Dorene Swanson 815.347.2090 dswanson@glacier-realty.com • Glacier Realty, Inc.
    Listing closed: 01/12/2024 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11876663

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    Property Information for 205 West State Road

    Property Details
    • MLS Type: Multi Family 5+ / Multi Family 5+-Other
    • Area: Island Lake
    • Township: Nunda
    • Zoning: COMMR
    Building Information
    • Stories: 1
    • Residences: 7
    • Year Built: 1960
    • Lot Size: 1.60 AC / 69,696 SF
    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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    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.