802 Belvidere Road

Waukegan, IL 60085

$405,000
Price
7
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The property is comprised of (3) 2 bedroom units and(1) bedroom and (2) Commercial spaces that consists of (2) 1,400 square foot spaces. All 4 rental units have been recently renovated. The roof is 2 years old. The property is located in the Enterprise Zone The property is located on the corner of Belvidere and Powell Ave with Annual Average Daily Traffic of 21,600 . Great Value Add Opportunity and perfect for an owner/operator. The property is zoned B3 General Commercial and has a wide array of...The property is comprised of (3) 2 bedroom units and(1) bedroom and (2) Commercial spaces that consists of (2) 1,400 square foot spaces. All 4 rental units have been recently renovated. The roof is 2 years old. The property is located in the Enterprise Zone The property is located on the corner of Belvidere and Powell Ave with Annual Average Daily Traffic of 21,600 . Great Value Add Opportunity and perfect for an owner/operator. The property is zoned B3 General Commercial and has a wide array of uses : Beauty Shop, Drug Store, Restaurant, Tobacco, Retail, Office. The property is less than 4 miles to I 94 and 2 miles to Rt 41. The city of Waukegan has a population of 89,184 Residence. With a median age of 32.5 both male and females. Median Household Income is 51,031. Current NOI is 24,394 with only the (4) rental units. Pro-forma NOI is 65,938 at a 15% Cap Rate with the 2800 square feet at $1.00 per square
  1. Listed by Elizabeth Lita • Vylla Home

Property Details for 802 Belvidere Road

Area
Park City / Waukegan
Township
Waukegan
Num Of Parking Spaces
10.0
Num of Interior Fireplaces
0
Zoning
MULTI

Location

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LISTING UPDATED: 08/05/2022 12:07 AM

Property Details for 802 Belvidere Road

StatusActive
MLS #11330030
Days on Market1426
Taxes$6,393 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1950
Lot Size0.25 AC / 10,890 SF
CountyLake County

Location

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Building Information for 802 Belvidere Road

Stories-Residences5Year Built1950Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$2,743 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,210

Property Taxes

$533

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 802 Belvidere Road

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Basement Description: Unfinished
  • Heat/Ventilation: Electric
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • Num of Baths: 5.0
Exterior Features
  • Misc Outside: Enclosed Stairs
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Corridor-Interior Entrance,Four Plus One
  • Lot Dimensions: 75X100
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Roof Structure: Truss
  • Foundation Details: Brick/Mortar
  • Building Area Total: 7154
  • Lot Size Source: Listing Agent
  • # Of Ranges: 4
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Condominium
  • Buyer Financing: Conventional
  • Documents Available: Aerial Map,Demographics,Rent Roll,Historical,Topographic Maps,Traffic Counts,Operating Statement
  • Public Document Count: 1
  • Document Date: 2022-02-22T17:05:33
  • Photos Count: 18
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks,Cable Ready
  • Location: Central Business District,Corner,Mixed Use Area,Enterprise Zone
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: $1,373.00
  • Fuel Expense: $696.00
  • Gross Income: $3,310.00
  • Gross Scheduled Income: $30,300.00
  • Insurance Expense: $2,535.00
  • Maintenance Expense: $2,000.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Expense Year: 2021
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Net Operating Income Year: 2021
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 3310
  • Water Expense Source: Actual
  • Net Operating Income: $24,394.00
  • Operating Expense: $15,326.00
  • Other Expense: $.00
  • Trash Expense: $1,020.00
  • Water Sewer Expense: $1,309.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
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 802 Belvidere Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 802 Belvidere Road

Taxable ValueLand$8,687Additions$58,077Total$66,764
Tax Record2023$5,970 ($498 / month)
Home Facts
Total Finished SqFt7,154 SqFtAbove Grade Finished SqFt7,154 SqFtLot Size7,508 SqFtStyleStoresYear Built1950CountyLAKEAPN08-28-113-022

Schools near 802 Belvidere Road

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

Robert E Abbott 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.

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802 Belvidere Road is a multi-family home for sale in Waukegan, IL 60085. This property was listed for sale on February 22, 2022 by Vylla Home, it's currently listed at $405,000. This listing's school district is Waukegan Community Unit School District 60. Nearby schools include North Elementary School, Robert E Abbott Middle School and Waukegan High School. 802 Belvidere Road is a 7-bed, 5-bath, multi-family home built in 1950.

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 Vylla 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. Based on information submitted to the MLS GRID as of 08/05/2022 12:07 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.