513 Lake Street

Crystal Lake, IL 60014

$409,000
Price
5
Beds
2,040 Sq. Ft.
$200 / Sq. Ft.
2,040
Sq. Ft.
$200
per Sq. Ft.

Description

Excellent Location! Rare 3 unit with great income located within 2 blocks of Main Beach and Crystal Lake! Walk or bike to Crystal Lake Train Station which is 1.5 miles away! Main floor unit has 3 bedrooms and 1.1 baths and a finished basement, large deck and a newer 2 car garage. 2- second floor 1 bedroom 1 bath units also have 1 garage space each. All tenant pays for their own heat/gas, electric and are all metered separately. First floor unit has three bedrooms, 1.5 baths, as well as access to...Excellent Location! Rare 3 unit with great income located within 2 blocks of Main Beach and Crystal Lake! Walk or bike to Crystal Lake Train Station which is 1.5 miles away! Main floor unit has 3 bedrooms and 1.1 baths and a finished basement, large deck and a newer 2 car garage. 2- second floor 1 bedroom 1 bath units also have 1 garage space each. All tenant pays for their own heat/gas, electric and are all metered separately. First floor unit has three bedrooms, 1.5 baths, as well as access to the finished basement. Both units on the second floor are 1 bedroom units of approximately 450 sq ft. and share a 2nd 2 car garage! Additionally, there are 4 more designated parking spaces at the rear of the building. Building has been professionally managed and maintained and updated to minimize your out of pocket expenses. All 3 units are currently rented with leases in place and a current monthly income of $3850. Current Landlord provides water/sewer and garbage, as well as takes care of the lawn and snow removal. Building is close to shopping, parks, walking trails, restaurants & the more. This is a must see building in a great location with great income!
  1. Listed by Jeff Richter • GC Realty and Development

Property Details for 513 Lake Street

Area
Crystal Lake / Lakewood / Prairie Grove
Township
Algonquin
Ownership
Condo
Num Of Garage Spaces
4.0
Num Of Parking Spaces
8.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air, Space Heater/s, Sep Heating Systems - 2+, Indv Controls
Architectural Style
Traditional, Colonial
LISTING UPDATED: 01/30/2025 10:35 AM

Property Details for 513 Lake Street

StatusContingent
MLS #12271127
Days on Market10
Taxes$10,135 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1946
Lot Size0.18 AC / 7,840 SF
CountyMcHenry County

Building Information for 513 Lake Street

Stories-Residences3Year Built1946Building Size-Lot Size0.18 AC / 7,840 SF

Property Information for 513 Lake Street

General Information
School Information
  • Elementary School District: 47
  • Elementary School: Canterbury Elementary School
  • Jr High Middle School: Hannah Beardsley Middle School
  • High School District: 155
  • High School: Crystal Lake South High School
  • Middle Or Junior School District: 47
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Transmitter(s), Multiple Garages
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage, Space/s
  • Parking Details: Unassigned
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Lake, Water Rights, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Partially Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 1
  • Num of Baths: 3.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters
Property/Lot Information
  • Exterior Property Features: Deck, Storms/Screens, Cable Access, Other
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 71-80 Years
  • Lot Description: Legal Non-Conforming
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 66 X 115
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding, Clad Trim
  • Roof Type: Asphalt
  • Foundation Details: Block, Concrete Perimeter
  • General Information: School Bus Service,Commuter Train
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 2
  • Document Date: 2025-01-26T00:46:35
  • Photos Count: 27
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $45,160.00
  • Manager Expense: $3,994.00
  • Manager Expense Source: AC
  • Trash Expense Source: Actual
  • Trash Expense Year: 2024
  • Water Expense Source: Actual
  • Net Operating Income: $27,084.00
  • Trash Expense: $704.00
  • Water Sewer Expense: $2,334.00
Unit 1
  • Unit Type Actual Rent: $1,675.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 05/25
Unit 2
  • Unit Type Actual Rent: $1,025.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 10/25
Unit 3
  • Unit Type Actual Rent: $1,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 08/25

Property History for 513 Lake Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 513 Lake Street

Taxable ValueLand$14,455Additions$95,629Total$110,084
Tax Record2023$10,136 ($845 / month)
Home Facts
Beds0Total Finished SqFt2,180 SqFtAbove Grade Finished SqFt2,180 SqFtStories2Lot Size7,862 SqFtStyleSingle Family ResidenceYear Built1946CountyMCHENRYAPN19-06-278-011

Schools near 513 Lake Street

This home is within Chsd 155 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
South Elementary School
PublicK to 5

Richard F Bernotas Middle School
Public6 to 8

Crystal Lake Central High School
Public9 to 12

Haber Oaks Campus
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.

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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.

Listing Courtesy of GC Realty and Development

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 01/30/2025 10:35 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.