40523 North Highway 83

Antioch, IL 60002

$600,000
Price
9
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

5-Unit Multi-Family Rental Property with Full Lake Rights in Unincorporated Lake County. Discover this unique investment opportunity nestled on a large, wooded lot offering full lake rights in serene unincorporated Lake County. This 5-unit multi-family property boasts an excellent tenant retention rate, ensuring consistent income. Amenities include on-site complimentary laundry facilities, with select units featuring in-unit laundry for added convenience. The property offers a welcoming environment,...5-Unit Multi-Family Rental Property with Full Lake Rights in Unincorporated Lake County. Discover this unique investment opportunity nestled on a large, wooded lot offering full lake rights in serene unincorporated Lake County. This 5-unit multi-family property boasts an excellent tenant retention rate, ensuring consistent income. Amenities include on-site complimentary laundry facilities, with select units featuring in-unit laundry for added convenience. The property offers a welcoming environment, with the added option of a partially fenced yard area for pets . The units include: 2-bedroom garden apartment with a walkout, Spacious 1-bedroom unit with a deck, 3-bedroom unit, 2-bedroom unit with deck and a large 1-bedroom unit with, fireplace, skylights and vaulted ceilings. This property provides significant potential for growth. Whether you are looking to add to your investment portfolio or seeking a property with development possibilities, this multi-family rental is an exceptional find. Don't miss out on the chance to own this remarkable property with full lake rights!
  1. Listed by Amber Cawley • @properties Christie's International Real Estate

Property Details for 40523 North Highway 83

Area
Antioch
Township
Antioch
Num of Interior Fireplaces
2
LISTING UPDATED: 11/03/2024 12:33 PM

Property Details for 40523 North Highway 83

StatusActive
MLS #12097989
Days on Market100
Taxes$9,939 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1840
Lot Size0.64 AC / 27,852 SF
CountyLake County

Building Information for 40523 North Highway 83

Stories2Residences5Year Built1840Building Size-Lot Size0.64 AC / 27,852 SF

Property Information for 40523 North Highway 83

General Information
Location and General Information
  • Frontage Type: State Road
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • # Of Washers: 3
  • Basement Description: Unfinished
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: No
  • # Of Dryers: 3
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 226X120X237X120
  • Lot Size Square Feet: 27852.0
  • Stories: 2
  • Building Area Total: 4350
  • # Of Ranges: 4
  • MRD_UNC: Yes
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 7
  • Document Date: 2024-11-03T18:31:03
  • Photos Count: 62
Miscellaneous
  • Location: Lake Front,Water Front,Water View
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 09-13-2024
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $149.00
  • Fuel Expense: $149.00
  • Gross Income: $65,820.00
  • Gross Scheduled Income: $26,295.00
  • Insurance Expense: $266.00
  • Maintenance Expense: $325.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 5485
  • Water Expense Source: Owner Projection
  • Net Operating Income: $26,295.00
  • Operating Expense: $23,229.00
  • Other Expense: $183.00
  • Trash Expense: $275.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • 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 40523 North Highway 83

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 40523 North Highway 83

Taxable ValueLand$8,832Additions$97,476Total$106,308
Tax Record2023$9,650 ($804 / month)
Home Facts
Beds4Baths4Total Finished SqFt3,532 SqFtAbove Grade Finished SqFt3,532 SqFtStories2Lot Size25,439 SqFtStyleSingle Family ResidenceYear Built1960CountyLAKEAPN02-20-209-001

Schools near 40523 North Highway 83

This home is within Chsd 117 School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Rating
School
Distance
Emmons Grade School
PublicK to 8

Antioch Community High School
Public9 to 12

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

40523 North Highway 83 is a multi-family home for sale in Antioch, IL 60002. This property was listed for sale on August 12, 2024 by @properties Christie's International Real Estate, it's currently listed at $600,000. It has been on the market for a total of 100 days and was last sold on April 12, 2022. This listing's school districts are Chsd 117 School District, Emmons School District 33. Nearby schools include Emmons Grade School and Antioch Community High School. 40523 North Highway 83 is a 9-bed, 5-bath, multi-family home built in 1840.

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 @properties Christie's International Real Estate

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 11/03/2024 12:33 PM. 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.