1018 Broadway Avenue

North Chicago, IL 60064

$249,000
Price
2
Beds
1
Bath
792 Sq. Ft.
$314 / Sq. Ft.
792
Sq. Ft.
$314
per Sq. Ft.

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,...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.
  1. Listed by Mohammad Fatani • Realty One Group Excel

Property Details for 1018 Broadway Avenue

Area
North Chicago
Township
Waukegan
Ownership
Fee Simple
Num Of Garage Spaces
1.0
Num Of Parking Spaces
1.0
Heat/Fuel
Natural Gas
LISTING UPDATED: 08/17/2024 03:51 AM

Property Details for 1018 Broadway Avenue

StatusActive
MLS #12104976
Days on Market74
Taxes$2,566 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeDetached Single / 1 Story
Year Built1950
Lot Size0.14 AC / 6,250 SF
CountyLake County

Building Information for 1018 Broadway Avenue

Stories-Year Built1950Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 1018 Broadway Avenue

General Information
School Information
  • Elementary School District: 187
  • High School District: 187
  • Middle Or Junior School District: 187
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Association Fee Frequency: Not Applicable
Property Information
Interior Features
  • Num Of Rooms: 4
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 2
  • Air Conditioning: Central Air
  • Basement Description: None
  • Basement Bathrooms: No
  • Room Type: No additional rooms
  • Num of Baths: 1.0
Exterior Features
  • Type: 1 Story
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 71-80 Years
  • Type Detached: 1 Story
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50X125
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Exterior Building Type: Wood Siding
  • General Information: School Bus Service,Commuter Bus
  • Living Area Source: Assessor
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 14X12
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 12X8
Bedroom #3 Information
  • 3rd Bedroom Level: N/A
  • Room Type: Bedroom 3
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: N/A
  • RoomType_DR: Dining Room
Family Room Information
  • Family Room Level: N/A
  • RoomType_FR: Family Room
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 12X7
Laundry Information
  • Laundry Level: N/A
  • Room Type: Laundry
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 17X13

Property History for 1018 Broadway Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1018 Broadway Avenue

Taxable ValueLand$5,786Additions$18,428Total$24,214
Tax Record2023$2,566 ($214 / month)
Home Facts
Beds0Baths1Total Finished SqFt936 SqFtAbove Grade Finished SqFt936 SqFtStories1Lot Size6,251 SqFtStyleSingle Family ResidenceYear Built1948CountyLAKEAPN12-04-109-023

Schools near 1018 Broadway Avenue

This home is within North Chicago School District 187.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
LEARN 10 Charter School
CharterK to 8

Neal Math and Science Academy
Public6 to 8

North Chicago Community High School
Public9 to 12

Howard A Yeager Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1018 Broadway Avenue is a single family home for sale in North Chicago, IL 60064. This property was listed for sale on July 16, 2024 by Realty One Group Excel, it's currently listed at $249,000. It has been on the market for a total of 74 days and was last sold on September 30, 2021. This listing's school district is North Chicago School District 187. Nearby schools include LEARN 10 Charter School, Neal Math and Science Academy and North Chicago Community High School. 1018 Broadway Avenue is a 2-bed, 1-bath, 792 sqft single family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group Excel

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:51 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.