2421-25 W Washington Street, WAUKEGAN IL 60085 Photo 1
Listing Courtesy of Callahan Blandings & Schap

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2421-25 W Washington Street - Back on the Market with huge price reduction! 13.5 CAP with motivated sellers. Building consists of 11 units (4 - 1br apts, 3 - 2br apts, 1 - 3br apt & 3 stores) has been in same family for over 30 years. Almost $100,000 in improvements. Electrical main updated in 2013, roof replaced last year. Centrally located with good tenancy history but seller may master lease any potential vacancies.

Listing information

  • MLS® ID: 09707923
  • Status: Off Market
  • New Construction: No
  • County: Lake
  • Style: Mixed Use
  • Stories: 3
  • Foreclosure: No
  • Year Built: 1962
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $11,916

Features

Air Conditioning Wall Sleeve
Approximate Age Older
Built Before 1978 (Y/N) Yes
Construction Brick
Contingency Flag Financing
Current Use Commercial
Electrical Service Circuit Breakers
Exterior Building Type Brick
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Geographic Locale North Suburban
Heat/Ventilation Electric, Radiators
Information 24-Hr Notice Required
Location Mixed Use Area
Misc Inside Basement
Other # Of Apts - 8, # Of Offices - 0, # Of Ranges - 8, # Of Refrigs - 8, # Of Tenants - 11, # Of Units - 11, Electricity Expense - 1197, Fuel Expense - 0, Gross Rent Multiplier - 5.3, Gross Rental Income $ - 10290, Insurance Expense - 3400, Net Oper Income $ - 74475, Other Expenses - 0, Scavenger Expense - 2444, Tax Year - 2016, Total Annual Exp - 28425, Total Annual Income - 102900, Total Monthly Income - 8575, Township - Waukegan, Water Expense - 2858, Zoning Type - Commr
Outdoor Parking 19-30 Spaces
Ownership Type Other
Potential Use Commercial
Property Type Mixed Use
Roof Coverings Rubber
Roof Structure Flat
Tenant Pays Air Conditioning, Electric
Washer/Dryer Lsd (Y/N) Yes
Listing Courtesy of Callahan Blandings & Schap