1642 Country Lakes Drive
1642 Country Lakes Drive
$1,155,000
8
4
3
—
—
—
Closed 7/19/23
Description
This turn-key 4 unit building checks all the boxes for the savvy investor: CONDITION, CASH FLOW, EXPANDABILTY/VALUE-ADD & LOCATION. CONDITION: All units feature DW(s), in-unit owned W/D(s), C/A, and 1 car attached garages. Three units have full basements (2 finished). Recent interior unit remodels: Unit B (2023), D (2021), C (2020). Recent upgrades: 2023 New Roof ($50K), 2022 Windows ($25K), most HVAC updated w/in last 5 years. CASH FLOW: Low real estate taxes. All units separately metered. Tenants...This turn-key 4 unit building checks all the boxes for the savvy investor: CONDITION, CASH FLOW, EXPANDABILTY/VALUE-ADD & LOCATION. CONDITION: All units feature DW(s), in-unit owned W/D(s), C/A, and 1 car attached garages. Three units have full basements (2 finished). Recent interior unit remodels: Unit B (2023), D (2021), C (2020). Recent upgrades: 2023 New Roof ($50K), 2022 Windows ($25K), most HVAC updated w/in last 5 years. CASH FLOW: Low real estate taxes. All units separately metered. Tenants pay ALL gas, electric, water, sewer & trash. Unit B lease starts 6/1 for $1,900/ 1YR). Unit D is vacating 5/31 w/ est. market rent at $1,800/MTH. Unit C has a L-T tenant but $1,600/MTH rent could be raised to $2,000/MTH due to finished basement. EXPANDABILTY/VALUE-ADD: Large green space on lot (~97'X165') allows for the construction of an ADDITIONAL 3 Flat building (See Add'l Info). Seller had past discussions with the Village and obtained some preliminary sign-offs (see attached). Plans for NEW building may be available. Buyer could also SUBDIVIDE lot and sell as a buildable lot. LOCATION: Near I-88 tollway, Metra station. 204 school district (Top 5% in the state / #36 in US per Niche), Naperville awarded 2023 Top 5 "Best Places to Live" per Niche). Highly desirable Naperville location = sustainable, secure high tenant demand/ future rents with the value-add of constructing additional, HIGH DEMAND units for rent/sale OR subdividing lot to sell for a quick inflow of capital.
- Listed by Rachel Frenzel • HomeSmart Realty Group
- Listed by James Kolar • HomeSmart Realty Group
Sold By Charles Rutenberg Realty
Property Details for 1642 Country Lakes Drive
Area
Naperville
TownshipNaperville
OwnershipFee Simple
Num Of Garage Spaces4.0
Num Of Parking Spaces6.0
Num Of Cars10.0
Parking Included in PriceYes
Heat/FuelNatural Gas, Forced Air
Location
LISTING UPDATED: 07/20/2023 10:36 AM
Property Details for 1642 Country Lakes Drive
Status | Closed |
---|---|
MLS # | 11785750 |
Days on Market | 63 |
Taxes | $11,816 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1985 |
Lot Size | 0.36 AC / 15,681 SF |
County | DuPage County |
Location
Building Information for 1642 Country Lakes Drive
Stories-Residences4Year Built1985Building Size-Lot Size0.36 AC / 15,681 SF
Payment Calculator
$7,288 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1642 Country Lakes Drive
Property History for 1642 Country Lakes Drive
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1642 Country Lakes Drive
Taxable ValueLand$23,540Additions$149,350Total$172,890
Tax Record2022$11,815 ($985 / month)
Home Facts
Total Finished SqFt5,059 SqFtAbove Grade Finished SqFt4,078 SqFtFinished Basement SqFt981 SqFtLot Size15,682 SqFtStyleMulti-Family Res (5+ Units)Year Built1985ZoningRCountyDUPAGEAPN07-04-402-056
Schools near 1642 Country Lakes Drive
This home is within Indian Prairie Community Unit School District 204.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Brookdale Elementary School PublicK to 5 | ||
Thayer J Hill Middle School Public6 to 8 | ||
Metea Valley High School Public9 to 12 | ||
Gail McKinzie 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.