Eco Friendly
Address
1600 North Avenue Crystal Lake, IL
Price
$ 1,489,900
Property Attributes
  • MLS#11091963
  • TypeMulti-Family
  • CountyMC HENRY
  • CityCrystal Lake
  • AreaCrystal Lake - Lakewood - Prairie Grove
  • NeighborhoodCrystal Vista
  • Zip60014
  • StyleLegal Non Conforming,Multi-Family
  • Year Built1950
  • Taxes$ 22604
  • Price$ 1,489,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9977
  • Lot Size3.5 Acres
Listing Provided Courtesy Of:
Premier Commercial Realty
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

INVESTMENT OPPORTUNITY Income Producing Residential Units PRICE REDUCED 16 Residential income producing units consisting of (5) single family homes, (4) duplexes, (1) Triplex, plus a separately leasable garage with office - used as a car dealership. Zoning is B-1. Buildings are all considered legal non-conforming, (2) wells, (6) septic tanks, (3) lift stations. Several of the units have been completely rehabbed. ($125K in capital improvements in the last 2 years) Engineering and survey done for proposed 5-unit commercial building plus (1) apartment. Potential for additional $72,000 gross income. 8.6% CAP rate. Proforma CAP rate is 9.2% bringing rents on certain units to market. Contact broker for rent roll and operating statement.

Price History
5/18/2021 Listed $1,599,000
10/8/2021 7% - $1,489,900

General Features

Additional Parcels Y/N No
City Crystal Lake
Construction Materials Wood Frame
Cooling Window Unit(s)
County Mc Henry
Current Use Legal Non Conforming, Multi-Family
Days on Market 78
Directions North ave going west to Pauline St. Right on Pauline to property entrance.
Grossincome 183408
Insurance Expense 6873
Lot Size Square Feet 152460
MLS Area Crystal Lake / Lakewood / Prairie Grove
Maintenanceexpense 4138
Net Operating Income 128528
Operatingexpense 45710
Possession Closing, Negotiable, Tenant's Rights
Possible Use Commercial, Multi-Family
Property Type Multi Family 5+
Property Type Commercial Sale
Roof Composition
Standard Status Active
Status Active
Stories 1
Street Name North
Tax Annual Amount 22604
Tax Year 2020
Tenant Pays Electricity, Heat, Scavenger
Total Units 17
Township Grafton
Utilities Septic-Private, Well Private, Shared Septic Connected
Year Built 1950
Zoning COMMR

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 9977
Exterior Aluminum Siding
Foundation Details Other
Frontage Type City Street
Lot Dimensions 234X517
Lot Size Acres 3.5
Total Parking 30

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60014

Price
AVG $900K
$1.49M
Taxes
AVG $14,943
$22,604
Visits
AVG 49
92
Year Built
AVG 1964
1950
Walkscore
AVG 29
14
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.