201-203 South Main Street

Wauconda, IL 60084

$995,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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

  1. Kim Alden

    Kim Alden

    Listing Agent

    Compass

    kim.alden@compass.com

    P: (847)-254-5757

Property Details for 201-203 South Main Street

Area
Wauconda
Township
Wauconda
Num of Interior Fireplaces
0
Zoning
COMMR
LISTING UPDATED: 12/29/2024 09:38 AM

Property Details for 201-203 South Main Street

StatusActive ( Private )
MLS #12260563
Days on Market-
Taxes$24,893 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1861
Lot Size0.28 AC / 12,037 SF
CountyLake 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

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Northwest Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Flooring: Carpet, Wood, Other
  • # Of Washers: 0
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 1
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: No
  • Misc Inside: Private Restroom/s,Basement
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: COMMON
  • Lot Size Square Feet: 12037.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Fire Protection: Sprinklers-Wet,Carbon Monoxide Detector(s)
  • Roof Structure: Other
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 8645
  • Manufacturing SqFt: 0
  • # Of Offices: 0
  • Office SqFt: 4119
  • Other SqFt: 0
  • Retail SqFt: 4526
  • # Of Ranges: 4
  • # Of Stores: 3
  • Warehouse SqFt: 0
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Retail
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 65
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $123,964.00
  • Gross Scheduled Income: $123,964.00
  • Insurance Expense: $3,919.00
  • Electric Expense Source: Actual
  • Expense Year: 2020
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 10330
  • Water Expense Source: Actual
  • Net Operating Income: $86,983.00
  • Operating Expense: $36,981.00
  • Other Expense: $2,000.00
  • Trash Expense: $1,344.00
  • Water Sewer Expense: $2,468.00

Property History for 201-203 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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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.

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 12/29/2024 09:38 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.