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1600 North Avenue

Crystal Lake, IL 60014
  • $1,549,900
  • STATUS: Active
  • ON SITE: 170 Days
  • MLS #: 11487288
$1,549,900
  • 0
    BEDS
  • 2.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Description

INVESTMENT OPPORTUNITY Income Producing Residential Units 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. ($185K in capital improvements in the last 3 years) 7.8% CAP rate. Proforma CAP rate is 8.7% bringing rents on certain units to market. Contact broker for rent roll and operating statement.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-01-26T23:57:39.74 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1600 North Avenue Crystal Lake, IL 60014

  • Price: $1,549,900
  • Status: Active
  • On Site: 170 Days
  • MLS #: 11487288
0
Beds
0
Baths
0
½ Baths
2.5
Acres
1950
Built
Neighborhood:
Crystal Lake / Lakewood / Prairie Grove
County:
McHenry
Area:
Crystal Lake / Lakewood / Prairie Grove
Property Description
INVESTMENT OPPORTUNITY Income Producing Residential Units 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. ($185K in capital improvements in the last 3 years) 7.8% CAP rate. Proforma CAP rate is 8.7% bringing rents on certain units to market. Contact broker for rent roll and operating statement.
Exterior Features

Exterior Building Type Aluminum Siding Foundation Details Other Frontage Type City Street Outdoor Parking 19-30 SpacesOpenPavedPrivate LotUnpaved Parking Total 30 Roof Composition Roof Structure Pitched

Interior Features

Cooling Window Unit(S) Heat Ventilation Forced AirGas Number Of Ranges 16

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 9977 Built Before1978 YN Yes Current Use Legal Non ConformingMulti-Family Gross Income 192000 Gross Scheduled Income 192000 Insurance Expense 7008 Maintenance Expense 6500 Mls Actual Status Active Net Operating Income 131864 Operating Expense 50536 Ownership Types Limited Liability Corp Possible Use CommercialMulti-Family Seller Needs New Opportunity Tax Annual Amount 22832 Tax Year 2021 Tenant Pays ElectricityHeatScavenger Total Monthly Income 16000 Township Grafton Type Multi Family 5+ Utilities Septic-PrivateWell PrivateShared Septic Connected Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Premier Commercial Realty: 847-854-2300.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-01-26T23:57:39.74 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Keller Williams Success Realty
43 E Crystal Lake Ave
Crystal Lake IL, 60014