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609 N Lake Street

Mundelein, IL 60060
  • $450,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 11477937
UPDATED: 55 min ago
$450,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

Prime downtown Mundelein location on a double lot with many possibilities. Commercial zoning on Route 45 with plenty of parking make this the perfect investment property. There has never been any problem with securing great tenants because of the prime location. Broker owner has been in ownership for over 17 years and has never had a vacant apartment. Rental income is on the lower side due to long term tenants. Subject includes 2 buildings, front building has 3 units, back building has 2 units. Updates include: 2006 Rehab on unit 1B. 2016 New Roof on front building, 2017 New Windows & Rehab of unit 2F, 2017 New Windows & gut rehab of unit #1F, 2017 Rehab unit Suite 1, 2020 New Roof on back building. Contact Broker for financial information.

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© 2022 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 Ani Real Estate. Based on information submitted to the MRED as of 2022-08-09T12:01:45.387 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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609 N Lake Street Mundelein, IL 60060

  • Price: $450,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 55 min ago
  • MLS #: 11477937
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1890
Built
Neighborhood:
Ivanhoe / Mundelein
County:
Lake
Area:
Ivanhoe / Mundelein
Property Description
Prime downtown Mundelein location on a double lot with many possibilities. Commercial zoning on Route 45 with plenty of parking make this the perfect investment property. There has never been any problem with securing great tenants because of the prime location. Broker owner has been in ownership for over 17 years and has never had a vacant apartment. Rental income is on the lower side due to long term tenants. Subject includes 2 buildings, front building has 3 units, back building has 2 units. Updates include: 2006 Rehab on unit 1B. 2016 New Roof on front building, 2017 New Windows & Rehab of unit 2F, 2017 New Windows & gut rehab of unit #1F, 2017 Rehab unit Suite 1, 2020 New Roof on back building. Contact Broker for financial information.
Exterior Features

Exterior Building Type Aluminum Siding Foundation Details Block Frontage Type City Street Land Amenities Sidewalks Outdoor Parking 19-30 Spaces Parking Total 20 Roof Composition Roof Structure Pitched

Interior Features

Basement UnfinishedExterior Access Cooling Window Unit(S) Fireplaces Total 0 Heat Ventilation Central Bldg HeatHot WaterRadiatorsBaseboard Miscellaneous Inside Laundry Room Number Of Dishwashers 0 Number Of Dryers 1 Number Of Ranges 5 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4850 Built Before1978 YN Yes Current Use Multi-Family Electric Circuit Breakers Fire Protection Smoke Or Fire ProtectorsCarbon Monoxide Detector(S) Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Location Central Business District Maintenance Expense 0 Mls Actual Status Active Net Operating Income 0 Operating Expense 0 Ownership Types Land Trust Possible Use CommercialOffice And ResearchMulti-FamilyRetail Tax Annual Amount 9394.06 Tax Year 2021 Tenant Pays Varies By Tenant Total Monthly Income 0 Township Libertyville Type Multi Family 5+ Utilities Sanitary SewerWater-Municipal Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Swanson Realty.


© 2022 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 Ani Real Estate. Based on information submitted to the MRED as of 2022-08-09T12:01:45.387 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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