1111-23 Broadway Avenue

North Chicago, IL 60064

$1,925,000
Price
33
Beds
18
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exceptional investment opportunity in North Chicago. Unlock the potential of this 3-building multi-family package, featuring 18 units and 20 parking spaces in a growing market. Each building offers 5 two-bedroom and 1 one-bedroom units. These well-maintained buildings boast 100% occupancy, on-site coin laundry for additional income, and updated interiors in 70% of the units. This investment provides immediate returns and long-term stability with the potential to add further value. Whether you're...Exceptional investment opportunity in North Chicago. Unlock the potential of this 3-building multi-family package, featuring 18 units and 20 parking spaces in a growing market. Each building offers 5 two-bedroom and 1 one-bedroom units. These well-maintained buildings boast 100% occupancy, on-site coin laundry for additional income, and updated interiors in 70% of the units. This investment provides immediate returns and long-term stability with the potential to add further value. Whether you're expanding your portfolio or securing a high demand asset, this property offers unparalleled potential in an up-and-coming community. Don't miss this rare opportunity!
  1. Listed by Sonny Kovacevic • Coldwell Banker Realty

Property Details for 1111-23 Broadway Avenue

Area
North Chicago
Township
Waukegan
Zoning
MULTI
LISTING UPDATED: 12/12/2024 06:35 AM

Property Details for 1111-23 Broadway Avenue

StatusActive
MLS #12218250
Days on Market36
Taxes$28,086 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Courtyard
Year Built1962
Lot Size0.55 AC / 24,000 SF
CountyLake County

Building Information for 1111-23 Broadway Avenue

Stories2Residences18Year Built1962Building Size-Lot Size0.55 AC / 24,000 SF

Property Information for 1111-23 Broadway Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces,Paved
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 3
  • Heat/Ventilation: Gas,Hot Water,Baseboard
  • # Of Refrigerators: 18
  • Washer/Dryer Lsd: No
  • Misc Inside: Laundry Room
  • # Of Dryers: 3
  • # Of Dishwashers: 0
  • Num of Baths: 18.0
Exterior Features
  • Misc Outside: Courtyard
Utilities / Equipment
  • Utilities: Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Courtyard
  • Lot Dimensions: 120X200
  • Lot Size Square Feet: 24000.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Lot Size Source: Survey
  • # Of Ranges: 18
  • Conversion: N
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-12-02T21:13:44
  • Photos Count: 9
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 18
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $252,960.00
  • Gross Scheduled Income: $257,760.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Janitor Expense: 0
  • Total Monthly Income: 21480
  • Net Operating Income: $179,413.00
  • Operating Expense: $78,347.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 15
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1111-23 Broadway Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1111-23 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.

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1111-23 Broadway Avenue is a multi-family home for sale in North Chicago, IL 60064. This property was listed for sale on December 2, 2024 by Coldwell Banker Realty, it's currently listed at $1,925,000. 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. 1111-23 Broadway Avenue is a 33-bed, 18-bath, multi-family home built in 1962.

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 Coldwell Banker Realty

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 12/12/2024 06:35 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.