551 Ryan Lane

West Dundee, IL 60118

$325,000
Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Check out the video tour The perfect opportunity to invest in real estate Live in one of the three units or create passive income with this legal 3 flat Property brings in $3130 a month Huge value property w/ room to increase rent to market value Large parking lot in back 4 separate entrances Rebuild of laundry room in progress 2 of the units are 2 bedroom 1 bath & 1 unit is a 2 bedroom 2 bath Tenants pay for electricity

Property Details for 551 Ryan Lane

Area
Dundee / East Dundee / Sleepy Hollow / West Dundee
Ownership
Fee Simple
Num Of Parking Spaces
5
Heat/Fuel
Gas, Baseboard
City
West Dundee

Virtual Tour

Location

Listing Courtesy of CENTURY 21 New Heritage West

Building Information for 551 Ryan Lane

Stories-Residences3Year Built1972Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$1,974 per month

30 year fixed, 3.51% Interest

Principal and Interest

$1,169

Property Taxes

$805

HOA Dues

$0

Property Information for 551 Ryan Lane

Interior Features
    Interior Features
  • Num Of Rooms: 9
  • Bedrooms All Levels: 6
  • Bedrooms Above Grade: 6
  • Bedrooms Below Grade: 0
  • Total Full Half Baths: 4
    Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
    Basement Information
  • Basement Type: Partial
  • Basement Description: Partially Finished
Property/Lot Information
    General Information
  • Property Type: Two to Four Units
  • General Information: None
  • Waterfront: No
  • Street Number Numeric: 551
  • Street Name: Ryan
    Parking Information
  • Num Of Cars: 5
  • Parking Type: Space/s
  • Parking On Site: Yes
  • Parking Ownership: Owned
    Structure Information
  • New Construction YN: No
  • Total # Units in Building: 3
  • Age: 41-50 Years
  • Exterior Building Type: Brick
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2015
  • Year Built Numeric: 1972
  • Built Before 1978: Yes
    Location Information
  • Corporate Limits: West Dundee
  • Directions: RTE 31 (S OF ROUTE 72) TO STROM (E) BECOMES RYAN
  • Township: Dundee
    Lot Information
  • Acreage: 0
  • Lot Dimensions: 7,841
  • Lot Size: Less Than .25 Acre
    School Information
  • Elementary School District: 300
  • Jr High Middle District: 300
  • High School District: 300
Multi-Unit 2-4 Information
    Building Information
  • Type Multi: 3 Flat
  • Num of Full Baths in Building: 4
  • Num of Half Baths in Building: 0
  • 3 Bedroom Unit In Bldg: No
    Unit 1 Information
  • Appliances/Features: Stove, Refrigerator
  • Num Of Full Baths: 1
  • Num Of Half Baths: 0
  • Floor 1 - Unit 1: 2
  • Rent: 960
  • Sec Deposit: 960
  • Tenant Pays: Electric
  • Num Of Bdrms: 2
  • Num Of Rooms: 3
    Unit 2 Information
  • Appliances/Features: Stove, Refrigerator
  • Num Of Full Baths: 1
  • Num Of Half Baths: 0
  • Floor 2 - Unit 2: 2
  • Rent: 1000
  • Sec Deposit: 1000
  • Tenant Pays: Electric
  • Num Of Bdrms: 2
  • Num Of Rooms: 3
    Unit 3 Information
  • Appliances/Features: Stove, Refrigerator
  • Num Of Full Baths: 2
  • Num Of Half Baths: 0
  • Floor 3 - Unit 3: 1
  • Rent $: 1050
  • Sec Deposit: 1050
  • Tenant Pays: Electric
  • Num Of Bdrms: 2
  • Num Of Rooms: 3
    Income / Expense Information
  • Other Addl Income: Coin Laundry
  • Scavenger: 0
  • Total Rental Income: 3140
Multi-Unit 5+ Information
    Income / Expense Information
  • Fuel Expense: 1800
  • Fuel Expense Source: Actual
  • Gross Rental Income: 3010
  • Water Expense: 570
  • Water Expense Source: Actual

Property History for 551 Ryan Ln

DateEvent & SourcePriceAppreciation
May 5, 2020

Listed (Active)

MRED #10706462

$325,000
Apr 18, 2001

Sold (Public Records)

Public Record #72092936

$180,000
DateEvent & SourcePrice
05/05/2020

Listed (Active)

MRED #10706462

$325,000
04/18/2001

Sold (Public Records)

Public Record #72092936

$180,000

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

Public Records for 551 Ryan Lane

Taxable ValueLand$23,241Additions$78,048Total$101,289
Tax Record2017$9,243
Home Facts
StyleSingle Family ResidenceCountyKANEAPN0327233010

Schools near 551 Ryan Lane

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Dundee Highlands Elementary SchoolPublicK-50.2 mi
8
St Catherine Of Siena Elementary SchoolPrivatePK-80.6 mi
NR
Immanuel Lutheran SchoolPrivatePK-80.6 mi
NR
Oak Ridge SchoolPublic6-122.1 mi
NR

Dundee Highlands Elementary School

K-5, 0.2 mi, Public

8

St Catherine Of Siena Elementary School

PK-8, 0.6 mi, Private

NR

Immanuel Lutheran School

PK-8, 0.6 mi, Private

NR

Oak Ridge School

6-12, 2.1 mi, Public

NR

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.

Property Details for 551 Ryan Lane

StatusActive
MLS #10706462
Year Built1972
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Lot Size0.19 AC / 8,276 SF
Taxes$9,660.19 / year
Condo/Co-op Fees-
HOA Fees-
CountyKane County

Listing Agent

Valentino Ranallo

CENTURY 21 New Heritage West

vranalloc21@gmail.com

P: (224) 420-2588

M: (224) 420-2588

Contact Agent(s)

Similar Homes

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Similar Sold Homes

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551 Ryan Lane is a multi-family home for sale in West Dundee, IL 60118. This property was listed for sale on May 5, 2020 by CENTURY 21 New Heritage West at $325,000. It has been on the market for a total of 31 days and was last sold on April 18, 2001. This listing's school district is Community Unit School District 300. Nearby schools include St Catherine Of Siena Elementary School, Cambridge Lake Charter School and Oak Ridge School. 551 Ryan Lane is a 6-bed, 4-bath, multi-family home built in 1972. This address can also be written as 551 Ryan Ln.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 New Heritage West

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