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$410,000

  • Sold
  • Closed
  • Multi-Family
  • 5 Total Beds
  • 4 Car Garage
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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!!!

Full Property Details for 513 Lake St

General

  • Sold For: $410,000
  • Taxes: $10,135 (2023)
  • Status: Closed
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12271127
  • Added to Site: 394 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Equipment: Cable TV, Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters
  • Other Features: School Bus Service, Commuter Train

Exterior

  • Exterior Features: Storms/Screens, Cable Access, Other

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 8
  • Parking Features: Garage Door Opener, Garage, On Site, Garage Owned, Detached, Unassigned, Owned
  • Parking On-Site: Yes

Location

  • Area: Crystal Lake / Lakewood / Prairie Grove
  • County: McHenry
  • Driving Directions: West Virginia Street (Route 14) To Dole Ave To Lake Street

School Information

  • School District: 47
  • Midd School District: 47
  • Elementary School: Canterbury Elementary School
  • Middle School: Hannah Beardsley Middle School
  • High School: Crystal Lake South High School
  • Private School: Crystal Lake South High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air, Space Heater, Sep Heating Systems - 2+, Individual Controls

Utilities

  • Water: Public

Structural Information

  • Architectural Style: Traditional, Colonial
  • Exterior Const.: Vinyl Siding, Clad Trim
  • Basement Desc.: Partially Finished, Full
  • Foundation: Block, Concrete Perimeter
  • Roof: Asphalt
  • Year Built: 1946
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Manufactured Home

  • Model: RARE 3 UNIT

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 66 x 115
  • Lot Features: Legal Non-Conforming

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1946
  • Tax Amount: $10,135
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Condo
  • Special Conditions: List Broker Must Accompany, Standard
  • Property ID: 1906278011

Listed by GC Realty and Development
Sold by ARNI Realty Incorporated

Listing agent

— 513 Lake St —

  • GC Realty and Development

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 513 Lake St

School Districts:Crystal Lake Community Consolidated School District 47, Community High School District 155
NameGradesDistance
South Elementary School, Crystal Lake, IL
601 Golf Road, Crystal Lake, IL 60014
K-50.5 mi
Richard F Bernotas Middle School
170 North Oak Street, Crystal Lake, IL 60014
6-80.8 mi
Crystal Lake Central High School
45 West Franklin Street, Crystal Lake, IL 60014
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 513 Lake St

Date
Details
Price
Change
Source
3/21/2025
Sold
$410,000
0.24%
MLS
1/21/2025
Listed
$409,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by GC Realty and Development
Sold by ARNI Realty Incorporated

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513 Lake Street, Crystal Lake, IL 60014 (MLS# 12271127) is a Multi-Family property that was sold at $410,000 on March 21, 2025. Want to learn more about 513 Lake Street? Do you have questions about finding other Multi-Family real estate for sale in Crystal Lake? You can browse all Crystal Lake real estate or contact a Coldwell Banker agent to request more information.