513 Lake Street, Crystal Lake, Illinois 60014
$279,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1946 |
| Property Taxes: | $6,454 |
| Days On Market: | 2064 |
| Lot Size: | 0,18 |
Description
Location Location Location! Don't miss this great income opportunity to own a 3 unit in an excellent Crystal Lake location within 2 blocks of Main Beach and Crystal Lake!!! All the parades and activities Crystal Lake is known for are a stones throw away on Dole Avenue. You can even watch the July 4th fireworks right from this building. Perfect opportunity to live in the main floor unit with finished basement, large deck and a newer 2 car garage while you rent out the 2-second floor 1 bedroom units for additional income & tax benefits. If you are an investor, you will appreciate the positive cash flow due to the fact that each 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 800 sq ft. and share a 2nd 2 car garage!!! Additionally, there are 4 additional designated parking spaces at the rear of the building. Building has been meticulously maintained and updated to minimize your out of pocket expenses. These units are so easy to rent so keeping this building fully leased is never an issue. All 3 units are currently rented with leases in place with a current monthly income of $3205. The current owner 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 train. This is a must see building in a great location with great income!!!
Property Specifics
| Multi-unit | |
| — | |
| Traditional | |
| 1946 | |
| Full | |
| AWESOME 3 UNIT | |
| No | |
| 0.18 |
| Mc Henry | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| 10757365 | |
| 1906278011 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Canterbury Elementary School |
47 | — | |
|
Middle School
Hannah Beardsley Middle School |
47 | Not in DB | |
|
High School
Crystal Lake South High School |
155 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 31 Jul, 2020 | Sold | $279,000 | MRED MLS |
| 28 Jun, 2020 | Under contract | $279,900 | MRED MLS |
| 23 Jun, 2020 | Listed for sale | $279,900 | MRED MLS |
| 21 Mar, 2025 | Sold | $410,000 | MRED MLS |
| 28 Jan, 2025 | Under contract | $409,000 | MRED MLS |
| 21 Jan, 2025 | Listed for sale | $409,000 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Partially Finished
Other Specifics
| 4 | |
| Block,Concrete Perimeter | |
| — | |
| Deck, Storms/Screens, Cable Access | |
| Legal Non-Conforming | |
| 66 X 115 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Park, Lake, Water Rights, Sidewalks, Street Lights, Street Paved | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $6,454 |
| 2025 | $10,135 |
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Listing Provided By
Realty Executives Cornerstone
