2101 Williamsburg Drive

Waukegan, IL 60085

$1,040,000
Last Sold Price
22
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent opportunity to own 2 Cash Cows on the Northwest side of Waukegan. Two 6-unit buildings conveniently located across the street from each other for easy management. 100% occupied and excellent operational history. 5 out of the 12 units have been completely renovated with new flooring, fresh window coverings, newly painted trim, walls and cabinets complete with new refrigerators and ovens along with 5 new dishwashers. There has been many updates including new water heater in 2116, 3 new refrigerators...Excellent opportunity to own 2 Cash Cows on the Northwest side of Waukegan. Two 6-unit buildings conveniently located across the street from each other for easy management. 100% occupied and excellent operational history. 5 out of the 12 units have been completely renovated with new flooring, fresh window coverings, newly painted trim, walls and cabinets complete with new refrigerators and ovens along with 5 new dishwashers. There has been many updates including new water heater in 2116, 3 new refrigerators in 2116. New coin operated washing machine in 2116. Both boilers were fully serviced and cleaned out in 2022. These buildings are no brainers for the savvy investor. Properties are being offered at an 9.55 Cap with more room to raise rents as is or bring in working capital to upgrade the remaining units to collect top dollar! These 12 units are a perfect addition to a growing investors portfolio you won't want to miss out!
  1. Listed by Carlos Lopez • RE/MAX At Home
  2. Listed by Basel Tarabein • RE/MAX At Home

Sold By Chayanta Spaniol

Property Details for 2101 Williamsburg Drive

Area
Park City / Waukegan
Township
Waukegan
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 01/22/2024 01:06 PM

Property Details for 2101 Williamsburg Drive

StatusClosed
MLS #11777044
Days on Market258
Taxes$17,856 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1950
Lot Size0.38 AC / 16,549 SF
CountyLake County

Location

Add your commute

Building Information for 2101 Williamsburg Drive

Stories-Residences12Year Built1950Building Size-Lot Size0.38 AC / 16,549 SF

Payment Calculator

$7,164 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,676

Property Taxes

$1,488

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2101 Williamsburg Drive

General Information
Addtl Parking Information
  • Indoor Parking: Assigned Spaces
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 2
  • Basement Description: Concrete Block
  • Heat/Ventilation: Gas
  • # Of Window/Ac: 12
  • # Of Refrigerators: 12
  • Washer/Dryer Lsd: No
  • Misc Inside: Laundry Room,Workshop Area (Interior)
  • # Of Dryers: 2
  • # Of Disposals: 0
  • # Of Dishwashers: 5
  • Num of Baths: 12.0
Exterior Features
  • Building Unit Info: No Units Furnished
  • Misc Outside: Patio,Trash Compactor
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Other
  • Lot Dimensions: 60X134
  • Lot Size Square Feet: 16549.0
  • Stories: 3
  • Exterior Building Type: Vinyl Siding, Brick
  • Construction: Brick, Wood Frame
  • Roof Type: Tar and Gravel, Other
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 7212
  • Lot Size Source: Listing Agent
  • # Of Ranges: 12
  • Conversion: N
  • MRD_UNC: Yes
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Cash, Other
  • Public Document Count: 3
  • Document Date: 2023-08-03T16:46:09
  • Green Supporting Documents: N
  • Photos Count: 25
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Other,Cable Ready
  • Location: Corner
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Green Features
  • Green Building Verification Type: Other
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $1,080.00
  • Fuel Expense: $4,198.00
  • Gross Income: $153,480.00
  • Gross Scheduled Income: $155,472.00
  • Insurance Expense: $6,185.00
  • Maintenance Expense: $1,200.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Expense Year: 2022
  • Total Annual Expense Source: Combination
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Total Monthly Income: 12956
  • Water Expense Source: Actual
  • Net Operating Income: $114,592.00
  • Operating Expense: $40,880.00
  • Other Expense: $4,200.00
  • Trash Expense: $2,265.00
  • Water Sewer Expense: $2,707.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 10
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
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 2101 Williamsburg 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 2101 Williamsburg Drive

Taxable ValueLand$9,007Additions$79,089Total$88,096
Tax Record2022$10,814 ($901 / month)
Home Facts
Baths6Total Finished SqFt3,520 SqFtAbove Grade Finished SqFt3,520 SqFtStories2Lot Size8,930 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958CountyLAKEAPN08-17-102-012

Schools near 2101 Williamsburg Drive

This home is within Waukegan Community Unit School District 60.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Clearview Elementary School
PublicK to 5

Miguel Juarez Middle School
Public6 to 8

Waukegan High School
Public9 to 12

Andrew Cooke Magnet Elementary School
PublicPK to 5

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

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Similar Sold Homes

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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 RE/MAX At Home

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.