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1642 Country Lakes Drive, Naperville, IL 60563
$1,155,000
1642 Country Lakes Drive, Naperville, IL 60563View this property at 1642 Country Lakes Drive, Naperville, IL 60563
1642 Country Lakes DriveNapervilleIL60563
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Property Description
This turn-key 4 unit building checks all the boxes for the savvy investor: CONDITION, CASH FLOW, EXPANDABILTY/VALUE-ADD & LOCATION. CONDITION: All units feature DW(s), in-unit owned W/D(s), C/A, and 1 car attached garages. Three units have full basements (2 finished). Recent interior unit remodels: Unit B (2023), D (2021), C (2020). Recent upgrades: 2023 New Roof ($50K), 2022 Windows ($25K), most HVAC updated w/in last 5 years. CASH FLOW: Low real estate taxes. All units separately metered. Tenants pay ALL gas, electric, water, sewer & trash. Unit B lease starts 6/1 for $1,900/ 1YR). Unit D is vacating 5/31 w/ est. market rent at $1,800/MTH. Unit C has a L-T tenant but $1,600/MTH rent could be raised to $2,000/MTH due to finished basement. EXPANDABILTY/VALUE-ADD: Large green space on lot (~97'X165') allows for the construction of an ADDITIONAL 3 Flat building (See Add'l Info). Seller had past discussions with the Village and obtained some preliminary sign-offs (see attached). Plans for NEW building may be available. Buyer could also SUBDIVIDE lot and sell as a buildable lot. LOCATION: Near I-88 tollway, Metra station. 204 school district (Top 5% in the state / #36 in US per Niche), Naperville awarded 2023 Top 5 "Best Places to Live" per Niche). Highly desirable Naperville location = sustainable, secure high tenant demand/ future rents with the value-add of constructing additional, HIGH DEMAND units for rent/sale OR subdividing lot to sell for a quick inflow of capital.
Full Property Details
Full Property Details for 1642 Country Lakes Dr
General
- Sold For: $1,155,000
- Taxes: $11,815 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11785750
- Added to Site: 380 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
Bedrooms
- Total Bedrooms: 8
Additional Information
- Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 4
- Number of Cars: 10
- Total Spaces: 6
- Parking Features: Assigned, Off-Street, Visitor Parking, Additional Parking
- Parking Type: Garage, Space(s)
- Parking On-Site: Yes
- Garage Description: Garage Door Opener(s), Transmitter(s), Multiple Garages
Location
- Area: Naperville
- County: Du Page
- Driving Directions: TAKE ROUTE 59 TO DIEHL ROAD, SOUTH ON DIEHL ROAD TO COUNTRY LAKES DRIVE, SOUTH ON COUNTRY LAKES DRIVE TO PROPERTY
School Information
- School District: 204
- Midd School District: 204
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Public
Structural Information
- Architectural Style: Tudor
- Exterior Const.: Cedar, Combination
- Basement Desc.: Full
- Year Built: 1985
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.36
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 113 x 180
- Lot Features: Corner Lot, Landscaped, Sidewalks
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1985
- Tax Amount: $11,815.5
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 704402056
Listed by HomeSmart Realty Group
Sold by Charles Rutenberg Realty
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Schools
Schools serving 1642 Country Lakes Dr
School District:Indian Prairie Community Unit School District 204
Rating | Name | Grades | Distance |
---|---|---|---|
1200 Redfield Rd, Naperville, IL 60563 | PK-5 | 1.1 mi | |
1836 Brookdale Rd, Naperville, IL 60563 | 6-8 | 0.8 mi | |
1801 N Eola Rd, Aurora, IL 60502 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1642 Country Lakes Dr
Date
Details
Price
Change
Source
7/19/2023
Sold
$1,155,000
10%
MLS
5/17/2023
Listed
$1,050,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1642 Country Lakes Drive, Naperville, IL 60563 (MLS# 11785750) is a Multi-Family property that was sold at $1,155,000 on July 19, 2023. Want to learn more about 1642 Country Lakes Drive? Do you have questions about finding other Multi-Family real estate for sale in Naperville? You can browse all Naperville real estate or contact a Coldwell Banker agent to request more information.