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1018 Broadway Avenue, North Chicago, IL 60064
$249,000
1018 Broadway Avenue, North Chicago, IL 60064View this property at 1018 Broadway Avenue, North Chicago, IL 60064
1018 Broadway AvenueNorth ChicagoIL60064
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Property Description
Discover an incredible investment opportunity with this extensive potential real estate portfolio in North Chicago, Illinois, consisting of 11 single-family homes. This meticulously curated portfolio offers significant potential for increased rental income, as current rents are well below market rates. The properties are located at 1729 Victoria Ave, a 3-bed/1.5-bath home with a 1-car garage, renting for $1,350/month; 1811 Victoria Ave, a 3-bed/1-bath home renting for $1,350/month; 1824 Park Ave, a 4-bed/2-bath home renting for $1,450/month; 1825 Park Ave, a 4-bed/1.5-bath home renting for $2,500/month; 2800 Argonne Dr, a 2-bed/2-bath home with a 1-car garage, renting for $1,450/month; 1920 Prospect Ave, a 3-bed/2-bath home with a 1-car garage, renting for $1,700/month; 2020 Hervey Ave, a 3-bed/1-bath home renting for $1,450/month; 1729 Elizabeth Ave, a 5-bed/2-bath home renting for $2,500/month; 1314 Lincoln St, a 4-bed/2-bath home renting for $1,350/month; 1018 Broadway Ave, a 2-bed/1-bath home with a 1-car garage, renting for $1,365/month; and 1210 Park Ave, a 4-bed/2.5-bath home that is currently vacant and in need of rehabilitation. The total asking price for this diverse portfolio is $3 million with a total rent of around $16,500 and taxes are $47317. Located in Lake County, North Chicago is a dynamic area with a strong rental market, bolstered by its proximity to major employers, educational institutions, and transportation hubs. The region's economic vitality and growth potential make it an attractive location for tenants, ensuring a steady demand for rental properties. This portfolio not only offers stable rental income but also presents opportunities for rental increases, enhancing overall returns. The seller is open to owner financing and creative financing options, providing flexibility and making this an even more appealing investment, they can be bought individually or as a portfolio for $3M all together. With such a robust mix of properties and advantageous financing terms, this portfolio is a rare chance to invest in a high-potential market, offering substantial opportunities for income growth and long-term financial gains.
Full Property Details
Full Property Details for 1018 Broadway Ave
General
- Price: $249,000
- Taxes: $2,566 (2022)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12104976
- Updated: 7/22/2024
- Added to Site: 53 day(s) ago
Interior
- Basement: None
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Other Features: School Bus Service, Commuter Bus
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 1
- Total Spaces: 1
- Parking Type: Garage
Location
- Area: North Chicago
- County: Lake
- Township: Waukegan
- Driving Directions: Traveling south on Sheridan Road, make a right onto Broadway. House is on North side of Broadway.
School Information
- School District: 187
- Elem School District: 187
- Midd School District: 187
- High School District: 187
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Wood Siding
- Basement Desc.: None
- Square Feet: 792
- Sq. Ft. Source: Assessor
- Year Built: 1950
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 125
Financial Considerations
- Assessment Year: 1950
- Tax Amount: $2,566
- Tax Year: 2022
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 12041090230000
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Schools
Schools serving 1018 Broadway Ave
School District:North Chicago School District 187
Rating | Name | Grades | Distance |
---|---|---|---|
1717 17th St, North Chicago, IL 60064 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1018 Broadway Ave
Date
Details
Price
Change
Source
7/16/2024
Listed
$249,000
398%
MLS
9/30/2021
Sold
$50,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1018 Broadway Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,566
-18%
$24,214
31%
2022
$3,113
99%
$18,456
-18%
2021
$1,562
—
$22,564
-1%
2020
$1,569
—
$22,689
2%
2019
$1,569
233%
$22,272
74%
2018
$471
-1%
$12,800
2%
2017
$475
-65%
$12,586
5%
2016
$1,344
-4%
$11,980
6%
2015
$1,401
-12%
$11,280
—
2014
$1,591
27%
$11,280
-46%
2013
$1,250
6%
$20,823
-17%
2012
$1,181
—
$24,946
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1018 Broadway Ave
1018 Broadway Avenue, North Chicago, IL 60064 (MLS# 12104976) is a Single Family property with 2 bedrooms and 1 full bathroom. 1018 Broadway Avenue is currently listed for $249,000 and was received on July 16, 2024. Want to learn more about 1018 Broadway Avenue? Do you have questions about finding other Single Family real estate for sale in North Chicago? You can browse all North Chicago real estate or contact a Coldwell Banker agent to request more information.