35150 N Gilmer Rd

Volo, IL 60073

$179,250
Last Sold Price
12
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 6/14/16
Closed 6/14/16

Description

Loads of potential and opportunity here! A total of 7 units in four separate buildings on 2.25 acres with all the units fully rented. Commercial building has been converted to a 2 flat, Victorian bldg is currently a 3 flat, and there are 2 single family homes. All these buildings are on one property with 1 tax id number. Property has a mixed use zoning which allows for commercial/retail/professional service options in addition to the multi-family already on the premises. Live in one of the single...Loads of potential and opportunity here! A total of 7 units in four separate buildings on 2.25 acres with all the units fully rented. Commercial building has been converted to a 2 flat, Victorian bldg is currently a 3 flat, and there are 2 single family homes. All these buildings are on one property with 1 tax id number. Property has a mixed use zoning which allows for commercial/retail/professional service options in addition to the multi-family already on the premises. Live in one of the single family homes and run your business out of the commercial bldg, while collecting rent from the other units...sweet! Buildings will need some work/updating and are being sold as is, but once work is completed, rents can easily be increased! All leases are months to month, so can redo one unit at a time or as needed, while still collecting rents from other units. Close proximity to Route 120 and Route 12 so major roads are a stones throw away.
  1. Listed by Richard • Realty Executives Cornerstone
    P: (815)-790-7200 C: (815)-790-7200 rick@rickoconnorgroup.com
  2. Listed by Lawrence Lang • Realty Executives Cornerstone
    P: (815)-482-3682 larrylang@rickoconnorgroup.com

Sold By Realty Executives Cornerstone

Property Details for 35150 North Gilmer Road

Area
Volo
Township
WAUCONDA
Air Conditioning Type
None
Num of Interior Fireplaces
0
Zoning
OTHER
LISTING CLOSED: 06/14/2016 12:00 AM

Property Details for 35150 North Gilmer Road

StatusClosed
MLS #09019000
Days on Market249
Taxes$16,104 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1900
Lot Size1.50 AC / 65,340 SF
CountyLake County
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Location

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Building Information for 35150 North Gilmer Road

Stories2Residences7Year Built1900Building Size-Lot Size1.50 AC / 65,340 SF

Payment Calculator

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$2,253 per month

30 year fixed, 6.55% Interest

Principal and Interest

$911

Property Taxes

$1,342

HOA Dues

$0

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Property Information for 35150 North Gilmer Road

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces,13-18 Spaces,Common Parking,Unpaved
  • Open Parking Spaces: 12.0
Location and General Information
  • Frontage Type: City Street
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers, Fuses, Separate Meters, Service - 0 to 100 Amps
  • # Of Washers: 0
  • Basement Description: Unfinished, Exterior Access
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 0
  • # Of Refrigerators: 0
  • Misc Inside: Storage Inside
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 7.0
Exterior Features
  • Misc Outside: Enclosed Stairs,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Septic-Private, Well Private, Well-Shared
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 278 X 85 X 243 X 320 X 379
  • Lot Size Square Feet: 65340.0
  • Stories: 2
  • Exterior Building Type: Wood Frame, Frame, Other
  • Construction: Wood Frame
  • Roof Type: Composition, Membrane
  • Roof Structure: Flat,Gable
  • Foundation Details: Block, Concrete Perimeter, Stone
  • # Of Ranges: 0
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Office and Research, Retail
  • Buyer Financing: Cash
  • Photos Count: 11
Miscellaneous
  • Current Use: Legal Non Conforming
  • Land Amenities: Lighting/Exterior
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: $2,070.00
  • Fuel Expense: $5,030.00
  • Gross Income: $42,120.00
  • Gross Scheduled Income: $42,120.00
  • Insurance Expense: $2,700.00
  • Maintenance Expense: $4,600.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: None Known
  • Expense Year: 2014
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Net Operating Income Year: 2014
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Total Monthly Income: 3510
  • Net Operating Income: $7,960.00
  • Operating Expense: $34,160.00
  • Other Expense: $3,650.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1

Property History for 35150 North Gilmer Road

DateEvent & SourcePriceAppreciation
Jun 14, 2016

Sold

MRED #09019000

$179,250—
Jun 9, 2016

Sold (Public Record)

Public Record #573253676

$149,250—
Apr 23, 2016

Pending

MRED #09019000

—
DateEvent & SourcePrice
06/14/2016

Sold

MRED #09019000

$179,250
06/09/2016

Sold (Public Record)

Public Record #573253676

$149,250
04/23/2016

Pending

MRED #09019000

—

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

Public Records for 35150 North Gilmer Road

Taxable ValueLand$35,574Additions$54,247Total$89,821
Home Facts
Baths1Total Finished SqFt1,064 SqFtAbove Grade Finished SqFt1,064 SqFtStories1Lot Size98,010 SqFtStyleOffice BuildingYear Built1957CountyLAKEAPN09-03-200-028

Schools near 35150 North Gilmer Road

This home is within Wauconda Community Unit School District 118.
Rating
School
Type
Grades
Distance
Robert Crown School
Public - K to 5
Wauconda Middle School
Public - 6 to 8
Wauconda High School
Public - 9 to 12
Rating
School
Distance
Robert Crown School
PublicK to 5

Wauconda 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)
35120 North Gilmer Road, Volo, IL 60073
$107,500
–
–
2,452
–
27399 Volo Village Road, Volo, IL 60073
–
–
–
–
37,897
27459 Volo Village Road, Volo, IL 60073
–
–
1,948
25,265
35091 North Gilmer Road, Volo, IL 60073
–
3
1,488
6,970
27375 Volo Village Road, Volo, IL 60073
$25,000
2
–
5,662

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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 Realty Executives Cornerstone

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 05/05/2021 04:44 AM. 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.