96 Cedar Avenue

Lake Villa, IL 60046

$240,000
Last Sold Price
4
Beds
3
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

LESS than RENT! ONLY $636.00/month with a 20% down or $868.00/month with a 10% down payment. Rare opportunity, act fast before it's gone. 2 units property in Commercial Zone but can be treated as residential property. 2nd floor unit will be able to move out or keep renting as is. Good reasons to buy; 1. Great school district 2. Commercial zone, each unit can be rented out at $1600-$1800/month in the future 3. The value of the property can go up once the Brewery starts its operation 4. Close to all...LESS than RENT! ONLY $636.00/month with a 20% down or $868.00/month with a 10% down payment. Rare opportunity, act fast before it's gone. 2 units property in Commercial Zone but can be treated as residential property. 2nd floor unit will be able to move out or keep renting as is. Good reasons to buy; 1. Great school district 2. Commercial zone, each unit can be rented out at $1600-$1800/month in the future 3. The value of the property can go up once the Brewery starts its operation 4. Close to all the amenities (grocery shops, beach, train, easy access to the Highway, etc..) 5. Potential retirement income Out of Pocket calculation: 20% down payment of $240,000 =$1,536.00/month(mortgage+PropertyTax+Insurance) @2.69% interest rate. $1,536.00/month - 900/month rent income = $636.00/month out of pocket . 10% down payment of $240,000 =$1,768.00/month(mortgage+PropertyTax+Insurance) @2.69% interest rate. $1,768.00/month - 900/month rent income = $868.00/month out of pocket. A brewery will be built close to this property. This property can be rented out to businesses such as insurance company, dentist, real estate office, doctor office, pet grooming shop, floral shop, tattoo parlor, landscape office, bakery, hair salon, day care, etc.... Long term tenants in both units. Remodeled throughout in 2013. New siding was installed in June 2015. Wood laminate floors throughout both units. 4-6 parking spots on the back of the property. Still have plenty of space on the back for more parking spots. Extra storage in the basement and attic. Washer/dryer in basement. Tenant pays gas and electric. Rent is under market price. Convenient downtown location. Walking distance to train station, and Lehmann Park Beach. Lehman Park Beach has picnic pavilion available
  1. Listed by Chaneravy Thach • Hamilton Group, REALTORS

Sold By Kale Realty

Property Details for 96 Cedar Avenue

Area
Lake Villa / Lindenhurst
Township
Lake Villa
Ownership
Fee Simple
Num Of Parking Spaces
6.0
Num Of Cars
6.0
Heat/Fuel
Natural Gas

Location

Add your commute
LISTING UPDATED: 09/04/2021 02:17 PM

Property Details for 96 Cedar Avenue

StatusClosed
MLS #11051364
Days on Market144
Taxes$8,088 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1902
Lot Size0.19 AC / 8,276 SF
CountyLake County

Location

Add your commute

Building Information for 96 Cedar Avenue

Stories-Residences2Year Built1902Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$1,984 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,310

Property Taxes

$674

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 96 Cedar Avenue

General Information
School Information
  • Elementary School District: 41
  • Elementary School: Joseph J Pleviak Elementary Scho
  • High School District: 41
  • Middle Or Junior School District: 41
Addtl Parking Information
  • Parking: Space/s
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Basement Type: Partial
  • Bedrooms Possible: 4
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 1
  • Num of Baths: 3.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2013
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 8233
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • General Information: School Bus Service,Commuter Train
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2021-07-20T15:06:39
  • Photos Count: 41
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 4
  • # Half Baths-Unit 1: 1
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Microwave, Central Air Conditioner
  • Lease Exp Date (Mo/Yr) - Unit 1: 09-21-2024
  • Sec Deposit $ - Unit 1: 1000
  • Tenant Pays - Unit 1: Electric, Gas, Heat
Unit 2
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 6
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 2
  • Appliances/Features Unit 2: Stove, Refrigerator, Disposal, Central Air Conditioner
  • Lease Exp Date (Mo/Yr) - Unit 2: 04-21-2024
  • Sec Deposit $ - Unit 2: 1000
  • Tenant Pays - Unit 2: Electric, Gas, Heat

Property History for 96 Cedar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 96 Cedar Avenue

Taxable ValueLand$10,444Additions$57,110Total$67,554
Tax Record2023$7,330 ($611 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,036 SqFtAbove Grade Finished SqFt2,036 SqFtStories2Lot Size8,233 SqFtStyleSingle Family ResidenceYear Built1902Year Renovated1950CountyLAKEAPN02-33-305-008

Schools near 96 Cedar Avenue

This home is within Chsd 117 School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Private - 4 to 11
Rating
School
Distance
Olive C Martin School
PublicPK to 6

Peter J Palombi School
Public7 to 8

Lakes Community High School
Public9 to 12

Community Alternative Renewal Experience
Private4 to 11

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 Hamilton Group, REALTORS

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 09/04/2021 02:17 PM. 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.