96 Cedar Avenue
96 Cedar Avenue
$240,000
4
3
1
—
—
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Closed 9/3/21
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
- Listed by Chaneravy Thach • Hamilton Group, REALTORS
Sold By Kale Realty
Property Details for 96 Cedar Avenue
Area
Lake Villa / Lindenhurst
TownshipLake Villa
OwnershipFee Simple
Num Of Parking Spaces6.0
Num Of Cars6.0
Heat/FuelNatural Gas
Location
LISTING UPDATED: 09/04/2021 02:17 PM
Property Details for 96 Cedar Avenue
Status | Closed |
---|---|
MLS # | 11051364 |
Days on Market | 144 |
Taxes | $8,088 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Flat |
Year Built | 1902 |
Lot Size | 0.19 AC / 8,276 SF |
County | Lake County |
Location
Building Information for 96 Cedar Avenue
Stories-Residences2Year Built1902Building Size-Lot Size0.19 AC / 8,276 SF
Payment Calculator
$1,984 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 96 Cedar Avenue
Property History for 96 Cedar Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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