Sold
Last Sold Price
7 beds
828 N Cedar Lake Rd, Round Lake, IL 60073
Multi FamilyProperty Type
0.36 acresLot Size
9 carsParking Spaces

Description

Centrally located investment property with 2 buildings. There is a 4 unit apartment building with two 2 bedroom apartments on the ground floor and two 1 bedroom apartments upstairs. Tenants pay their own gas and electric. There is coin laundry in the building for the tenants and plenty of on site parking. The 40' x 48' garage with office space and 3 big overhead doors is currently rented out for $900/month. This would also be a good place for an owner occupant to run their own business and let the...Centrally located investment property with 2 buildings. There is a 4 unit apartment building with two 2 bedroom apartments on the ground floor and two 1 bedroom apartments upstairs. Tenants pay their own gas and electric. There is coin laundry in the building for the tenants and plenty of on site parking. The 40' x 48' garage with office space and 3 big overhead doors is currently rented out for $900/month. This would also be a good place for an owner occupant to run their own business and let the apartment rental income offset your expenses. Good visibility on main road and convenient to Metra train.

    Sold By AMR Properties INC

    • Listed by: Andrea 630.750.6686 acallahan@starckre.com;acallahan@starckre.com • Berkshire Hathaway HomeServices Starck Real Estate
    • Listed by: Rick Bellairs 815.334.2618 Rick@RickBellairs.com • Berkshire Hathaway HomeServices Starck Real Estate
    Listing closed: 06/17/2016 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09148874

    Recent comparable sales

    Median sold price

    $259,000

    Avg days on market

    15

    Sale-to-list ratio

    101.2%

    Round Lake, IL

    9 comparable properties found

    1

    $230,000

    Sold 01/16/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    4,100
    Square Feet
    Unavailable
    Acres
    a front view of a house with a garden
    1/23
    2

    $247,500

    Sold 12/10/24

    2
    Bedrooms
    1,509
    Square Feet
    0.14
    Acres
    3

    $75,000

    Sold 07/08/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    1.00
    Acres
    4

    $875,000

    Sold 05/15/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    13,881
    Square Feet
    Unavailable
    Acres
    5

    $850,000

    Sold 04/24/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    5,000
    Square Feet
    Unavailable
    Acres
    a front view of a house with sitting area
    1/20
    6

    $259,000

    Sold 08/14/25

    3
    Bedrooms
    912
    Square Feet
    0.11
    Acres
    a front view of a house with a yard
    1/23
    7

    $265,000

    Sold 11/22/24

    3
    Bedrooms
    1,142
    Square Feet
    0.13
    Acres
    $267,000 | 313 Maple Lane, Round Lake, IL 60073
    1/20
    8

    $267,000

    Sold 08/07/26

    3
    Bedrooms
    968
    Square Feet
    0.16
    Acres
    9

    $63,000

    Sold 01/29/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.10
    Acres

    Location

    Add your commute

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    $2,102 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $1,344

    Property Taxes

    $758

    HOA Dues

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    Property Information for 828 North Cedar Lake Road

    Property Details
    • Taxes: $9,096 / year
    • MLS Type: Multi Family 5+ / Corridor-Exterior Entrance
    • County: Lake County
    • Area: Round Lake Beach / Round Lake / Round Lake Heights / Round Lake Park
    • Township: AVON
    • Air Conditioning Type: Central Air
    • Zoning: COMMR
    Building Information
    • Stories: 2
    • Residences: 5
    • Lot Size: 0.36 AC / 15,681 SF
    General Information
    Addtl Parking Information
    • Indoor Parking: 1-5 Spaces
    • Outdoor Parking: 6-12 Spaces
    Location and General Information
    • Information: 24-Hr Notice Required,Listing Agent Must Accompany
    Taxes and HOA Information
    • Additional Parcels: Yes
    Property Information
    Interior Features
    • Air Conditioning: Central Air
    • Electric: Circuit Breakers
    • # Of Washers: 1
    • Basement Description: None
    • Heat/Ventilation: Forced Air,Gas
    • # Of Refrigerators: 3
    • Washer/Dryer Lsd: No
    • # Of Dryers: 1
    • Num of Baths: 0.0
    Exterior Features
    • Misc Outside: Fire Escape,Storms and Screens (as exist)
    Property/Lot Information
    • Tenant Pays: Electricity, Heat
    • Built Before 1978: No
    • Approximate Age: Older
    • Multi-Family Type: Corridor-Exterior Entrance,Corridor-Interior Entrance
    • Lot Dimensions: 125X125
    • Stories: 2
    • Exterior Building Type: Aluminum Siding
    • Roof Type: Composition
    • Roof Structure: Pitched
    • Foundation Details: Block, Concrete Perimeter
    • # Of Ranges: 4
    • MRD_UNC: No
    Property and Assessments
    • Buyer Financing: Conventional, FHA
    • Photos Count: 25
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 5
    Income & Expenses
    • Electric Expense: $.00
    • Fuel Expense: $.00
    • Gross Income: $47,700.00
    • Gross Scheduled Income: $47,925.00
    • Insurance Expense: $2,859.00
    • Maintenance Expense: $.00
    • Expense Year: 2015
    • Total Annual Expense Source: Owner Projection
    • Janitor Expense: 0
    • Net Operating Income Year: 2015
    • Other Expense Source: Actual
    • Total Monthly Income: 3975
    • Net Operating Income: $31,577.00
    • Operating Expense: $16,348.00
    • Other Expense: $3,076.00
    • Trash Expense: $.00
    • Water Sewer Expense: $1,758.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 2
    • # Of Rooms - Unit 1: 3
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 750
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 2
    • # Of Rooms - Unit 2: 2
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 750
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 1
    • # Of Rooms - Unit 3: 2
    • # Of Full Bthrms - Type 3: 1
    • Monthly Income - 3: 900
    • Monthly Income Max - 3: 900
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 4: 0
    • Monthly Income - 4: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 5: 0
    • Monthly Income - 5: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    • Monthly Income - 6: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 7: 0
    • Monthly Income - 7: 0

    Property History for 828 North Cedar Lake Road

    DateEvent & SourcePriceAppreciation
    Jun 17, 2016

    Sold

    MRED #09148874

    $260,000
    May 11, 2016

    Pending

    MRED #09148874

    Feb 25, 2016

    Cancelled

    MRED #09024983

    $279,000
    DateEvent & SourcePrice
    06/17/2016

    Sold

    MRED #09148874

    $260,000
    05/11/2016

    Pending

    MRED #09148874

    02/25/2016

    Cancelled

    MRED #09024983

    $279,000

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

    Public Records for 828 North Cedar Lake Road

    Taxable ValueLand$7,725Additions-Total$7,725
    Tax Record2025$697 ($58 / month)
    Home Facts
    Lot Size5,005 SqFtStyleCommercialCountyLAKEAPN06-20-401-012

    Schools near 828 North Cedar Lake Road

    This home is within Round Lake Community Unit School District 116.
    Rating
    School
    Type
    Grades
    Distance
    Public - 3 to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 12
    Rating
    School
    Distance
    Village Elementary School
    Public3 to 5

    Magee Middle School
    Public6 to 8

    Round Lake Senior High School
    Public9 to 12

    Round Lake Transition Center
    Public12

    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.

    Neighborhood Map and Transit

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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 Berkshire Hathaway HomeServices Starck Real Estate

    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.