Bought with Coldwell Banker Residential Brokerage
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827 N Cedar Lake Road Round Lake, IL 60073
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Key Details
Sold Price $97,500
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10111878
Sold Date 01/25/19
Style Other
Bedrooms 4
Year Built 1938
Annual Tax Amount $3,892
Tax Year 2017
Lot Size 4,791 Sqft
Lot Dimensions 110 X 49 X 120 X 45
Property Sub-Type Two to Four Units
Property Description
SECTION 8 APPROVED and fully rented. INVESTORS take note of CASH FLOW. Current rents are $1,800 COMBINED. LOW TAXES. 12+ Cap Rate. 222 Park unit is in good condition, 827 Cedar Lake is OK but sold "AS-IS". BOTH UNITS; ONE PIN #. Legal non-conforming property. 827 Tenant is MTM with 222 Park tenant on yearly lease. Both have been solid tenants. Bathrooms in both units have been updated.
Location
State IL
County Lake
Zoning COMMR
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air, Baseboard, Space Heater
Fireplace N
Exterior
Exterior Feature Deck, Porch
View Y/N true
Roof Type Asphalt
Building
Lot Description Corner Lot
Foundation Concrete Perimeter, Pillar/Post/Pier
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Village Elementary School
Middle Schools John T Magee Middle School
High Schools Round Lake Senior High School
School District 116, 116, 116
Others
Ownership Fee Simple
Special Listing Condition None
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