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2116 & 2101 Williamsburg Drive, Waukegan, IL 60085
$1,040,000
2116 & 2101 Williamsburg Drive, Waukegan, IL 60085View this property at 2116 & 2101 Williamsburg Drive, Waukegan, IL 60085
2116 & 2101 Williamsburg DriveWaukeganIL60085
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Property Description
Excellent opportunity to own 2 Cash Cows on the Northwest side of Waukegan. Two 6-unit buildings conveniently located across the street from each other for easy management. 100% occupied and excellent operational history. 5 out of the 12 units have been completely renovated with new flooring, fresh window coverings, newly painted trim, walls and cabinets complete with new refrigerators and ovens along with 5 new dishwashers. There has been many updates including new water heater in 2116, 3 new refrigerators in 2116. New coin operated washing machine in 2116. Both boilers were fully serviced and cleaned out in 2022.These buildings are no brainers for the savvy investor. Properties are being offered at an 9.55 Cap with more room to raise rents as is or bring in working capital to upgrade the remaining units to collect top dollar! These 12 units are a perfect addition to a growing investors portfolio you won't want to miss out!
Full Property Details
Full Property Details for 2116 & 2101 Williamsburg Dr
General
- Sold For: $1,040,000
- Taxes: $17,856 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: 11777044
- Added to Site: 371 day(s) ago
Interior
- Interior Features: Laundry Room, Workshop Area (Interior)
Additional Information
- Security/Safety: Smoke or Fire Protectors
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Park City / Waukegan
- County: Lake
- Driving Directions: Take Lewis to Williamsburg. 2101 is on the south side of the street 2116 is on the north side of the street.
- Location Details: Corner
Community
- Assoc. Fees Include: Water, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas
Utilities
- Onsite: Sanitary Sewer, Municipal Water
Structural Information
- Construction: Brick, Wood Frame
- Exterior Const.: Vinyl Siding, Brick
- Foundation: Concrete Perimeter
- Roof: Tar and Gravel, Other
- Stories/Levels: 3
- Square Feet: 7,212
- Current Bldg. Use: Multi-Family
- Year Built: 1950
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 12
- Units w/Range/Oven: 12
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 16,549
- Lot Dimensions: 60 x 134
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $40,880
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1950
- Tax Amount: $17,856
- Tax Year: 2022
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 8171020120000
Listed by RE/MAX At Home
Sold by Chayanta Spaniol
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Schools
Schools serving 2116 & 2101 Williamsburg Dr
School District:Waukegan Community Unit School District 60
Rating | Name | Grades | Distance |
---|---|---|---|
1700 Delaware Rd, Waukegan, IL 60087 | K-5 | 0.2 mi | |
201 N Butrick St, Waukegan, IL 60085 | 6-8 | 1.6 mi | |
2325 Brookside Ave, Waukegan, IL 60085 | 9-12 | 1.4 mi | |
Waukegan High School Washington Campus
1011 Washington St, Waukegan, IL 60085 | 9-12 | 2 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 2116 & 2101 Williamsburg Dr
Date
Details
Price
Change
Source
1/19/2024
Sold
$1,040,000
-13.33%
MLS
8/03/2023
Price Reduced
$1,199,900
-3.93%
MLS
6/13/2023
Price Reduced
$1,249,000
-7.41%
MLS
5/06/2023
Listed
$1,349,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2116 & 2101 Williamsburg Drive, Waukegan, IL 60085 (MLS# 11777044) is a Commercial property that was sold at $1,040,000 on January 19, 2024. Want to learn more about 2116 & 2101 Williamsburg Drive? Do you have questions about finding other Commercial real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.