1642 Country Lakes Drive

Naperville, IL 60563

$1,155,000
Last Sold Price
8
Beds
4
Baths
3
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Rachel Frenzel • HomeSmart Realty Group
  2. Listed by James Kolar • HomeSmart Realty Group

Sold By Charles Rutenberg Realty

Property Details for 1642 Country Lakes Drive

Area
Naperville
Township
Naperville
Ownership
Fee Simple
Num Of Garage Spaces
4.0
Num Of Parking Spaces
6.0
Num Of Cars
10.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air

Location

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LISTING UPDATED: 07/20/2023 10:36 AM

Property Details for 1642 Country Lakes Drive

StatusClosed
MLS #11785750
Days on Market63
Taxes$11,816 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1985
Lot Size0.36 AC / 15,681 SF
CountyDuPage County

Location

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Building Information for 1642 Country Lakes Drive

Stories-Residences4Year Built1985Building Size-Lot Size0.36 AC / 15,681 SF

Payment Calculator

$7,288 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,303

Property Taxes

$985

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1642 Country Lakes Drive

General Information
School Information
  • Elementary School District: 204
  • High School District: 204
  • Middle Or Junior School District: 204
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Transmitter(s), Multiple Garages
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage, Space/s
  • Parking Details: Assigned Spaces, Off Street, Visitor Parking, Additional Parking
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 23
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Finished, Partially Finished
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 3
  • Num of Baths: 4.3
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: No
  • Age: 31-40 Years
  • Lot Description: Corner Lot, Landscaped Professionally, Sidewalks
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 113 X 180
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Cedar, Combination
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2023-05-18T19:59:58
  • Photos Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $84,600.00
  • Other Expense Source: Actual
  • Net Operating Income: $72,785.00
  • Other Expenses $: 1200
Unit 1
  • Unit Type Actual Rent: $1,850.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $1,900.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 06/24
Unit 3
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 06/24
Unit 4
  • Unit Type Actual Rent: $1,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 06/23

Property History for 1642 Country Lakes Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart Realty Group

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. Based on information submitted to the MLS GRID as of 07/20/2023 10:36 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.