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$245,000
27 Days Online

96 Cedar Avenue
Lake Villa, IL 60046

For Sale|Multi-Family|Active
Subdivision:
null
County:
Lake
Call Now: 312-766-7076
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312-766-7076
96 Cedar Avenue96 Cedar Avenue96 Cedar Avenue96 Cedar Avenue
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LESS than RENT!! ONLY $680.86/month with a 20% down or $919.00/month with a 10% down payment. Rare opportunity, act fast before it's gone. 2 units property in Commercial Zone but can be treated as residential property. 2nd floor unit will be able to move out or keep renting as is. Good reasons to buy; 1.Great school district 2.Commercial zone, each unit can be rented out at $1600-$1800/month in the future 3.The value of the property can go up once the Brewery starts its operation 4.Close to all the amenities (grocery shops, beach, train, easy access to the Highway, etc..) 5. Potential retirement income Out of Pocket calculation: 20% down payment of $245,000 =$1580.00/month(mortgage+PropertyTax+Insurance) @2.811% interest rate. $1580.00/month - 900/month rent income = $680.00/month out of pocket . 10% down payment of $250,000 =$1,819.00/month(mortgage+PropertyTax+Insurance) @2.811% interest rate. $1,819.00/month - 900/month rent income = $919.00/month out of pocket. A brewery will be built close to this property. This property can be rented out to businesses such as insurance company, dentist, real estate office, doctor office, pet grooming shop, floral shop, tattoo parlor, landscape office, bakery, hair salon, day care, etc.... Long term tenants in both units. Remodeled throughout in 2013. New siding was installed in June 2015. Wood laminate floors throughout both units. 4-6 parking spots on the back of the property. Still have plenty of space on the back for more parking spots. Extra storage in the basement and attic. Washer/dryer in basement. Tenant pays gas and electric. Rent is under market price. Convenient downtown location. Walking distance to train station, and Lehmann Park Beach. Lehman Park Beach has picnic pavilion available

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Listing Snapshot
Price
$245,000
Days Online
27 Days
Bedrooms
4
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.19 Acres
Year Built
1902
MLS Number
11051364
Status
Active
Property Tax
$8,087
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS
4 weeks agoListing first seen online
General Features
Basement
Partial
General Information
School Bus ServiceCommuter Train
Lot Acres
0.19
Parking Total
6
Sewer
Public Sewer
Rooms Total
10
Water
Public
Lot Size
Less Than .25 Acre
Interior Features
Heating
Natural Gas
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Schools
School District
Unknown
Elementary School
Joseph J Pleviak Elementary Scho
Middle School
Unknown
High School
Unknown
This listing is part of the MRED data exchange program provided courtesy of Hamilton Group, REALTORS



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Neighborhood & Commute
Source: Walkscore
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