Active

96 Cedar Avenue

Lake Villa, Illinois 60046


Nannette Porter
847.651.6671

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$250,000


Bedrooms
4

Bathrooms
3

Half Baths
1



Property Type
Multiple Unit (2-4)
Neighborhood
Lake Villa


LESS than RENT!! ONLY $667.86/month with a 20% down or $874.75/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 vacant by the end of April so buyer can move in and keep the first floor unit to rent as is. Reasons why this deal won't last; 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: 10% down payment of $250,000 = $1,774.75/month(mortgage+PropertyTax+Insurance) @2.8% interest rate. $1,774.75/month - 900/month rent income = $874.75/month out of pocket. 20% down payment of $250,000 =$1567.86/month(mortgage+PropertyTax+Insurance) @2.8% interest rate. $1567.86/month - 900/month rent income = $667.86/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



Full Features
Exterior Type: Vinyl Siding
Basement: Unfinished
Beds Above Grade: 4
Heating System: Gas
Pool: No
Age: 100+ Years
Parking Type: Space/s
Parking Spaces: 6
Room Count: 10
Water Front: No
Square Feet: N/A
Tax Amount: $8,087
Tax Year: 2019


Taxes & Assessments
Taxes: $8,087

Listing information updated 4/20/2021 at 10:23am


Listing Office: Hamilton Group, REALTORS

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Lake Villa photo


Lake Villa

Railroad service and the allure of lakeside living drew Chicagoans to the Lake Villa area. Located about 50 miles northwest of Chicago, the village was incorporated in 1901 and today is home to more than 8,000 residents and a lot…

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School District(s)
CHSD 117, Lake Villa CCSD 41
Elementary School
Olive C Martin School
Middle School
Peter J Palombi School, Olive C Martin School
High School
Lakes Community High School

School information is provided by the National Center for Education Statistics. This information should only be used as a reference and does not warrant or guarantee enrollment. Please contact applicable schools or school districts directly to verify information and enrollment eligibility.

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Nearby Public Transportation

Metra
North Central Service

at Lake Villa Metra (0.09 miles away)


 





96 Cedar Avenue Lake Villa, Illinois 60046 is a multiple unit (2-4) currently listed at $250,000. 96 Cedar Avenue features 4 bedroom(s) and 4 bath(s). This multiple unit (2-4) has been listed on @properties since April 12th, 2021 and was built in 1902. Nearby schools include Olive C Martin School, Peter J Palombi School, Lakes Community High School. The nearest transit stops include North Central Service Lake Villa Metra. Want to learn more about 96 Cedar Avenue Lake Villa, Illinois 60046? Contact an @properties agent to request more info.


© 2021 Midwest Real Estate Data, LLC. All Rights Reserved. The accuracy of all information regardless of source including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.