201-203 South Main Street
$995,000
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Compass Coming Soon
Description
Incredible investment opportunity in the heart of downtown Wauconda-ideal for a 1031 exchange! This 6/7 leased mixed-use property on Main Street is now available, offering immediate income potential. The building features three retail storefronts, all occupied by long-term tenants, and four apartments on the second floor. The residential units include two updated two-bedroom apartments-one fully remodeled with in-unit laundry-and two one-bedroom apartments, one fully updated and the other in excellent...Incredible investment opportunity in the heart of downtown Wauconda-ideal for a 1031 exchange! This 6/7 leased mixed-use property on Main Street is now available, offering immediate income potential. The building features three retail storefronts, all occupied by long-term tenants, and four apartments on the second floor. The residential units include two updated two-bedroom apartments-one fully remodeled with in-unit laundry-and two one-bedroom apartments, one fully updated and the other in excellent condition. Many tenants are repeat renters, providing stable and proven income. Additionally, the property is part of Wauconda's Facade Improvement Grant program, allowing for further exterior upgrades. Financials are available upon request. Don't miss this rare opportunity to own a prime, income-producing property in a thriving downtown location!
Listing Agent
Property Details for 201-203 South Main Street
Area
Wauconda
TownshipWauconda
Num of Interior Fireplaces0
ZoningCOMMR
LISTING UPDATED: 12/29/2024 09:38 AM
Property Details for 201-203 South Main Street
Status | Active ( Private ) |
---|---|
MLS # | 12260563 |
Days on Market | - |
Taxes | $24,893 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1861 |
Lot Size | 0.28 AC / 12,037 SF |
County | Lake County |
Building Information for 201-203 South Main Street
Stories2Residences7Year Built1861Lot Size0.28 AC / 12,037 SF
Property Information for 201-203 South Main Street
Property History for 201-203 South Main Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 201-203 South Main Street
This home is within Wauconda Community Unit School District 118.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 5 |
Rating | School | Distance |
---|---|---|
Wauconda Grade School PublicPK to 5 | ||
Wauconda Middle School Public6 to 8 | ||
Wauconda High School Public9 to 12 | ||
Transfiguration School PrivatePK 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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