Closed

$109,900

525 Baldwin Avenue, Waukegan, IL 60085
4 Beds3 Baths1,733 sqft3 days
525 Baldwin Avenue·Waukegan, IL 60085
4Bedrooms
3Bathrooms
1,733Sq Ft
1945Year Built
About This Home

MULTIPLE OFFERS - HIGHEST AND BEST DUE BY 10/27/23 @ NOON. INCREDIBLE OPPORTUNITY TO BUILD EQUITY on this home situated in a peaceful neighborhood, just waiting for the right investor to unlock its possibilities. Long time owner would LOVE To see this home come back to it's full potential, as they remember it once was. This expansive 4-bedroom, 2-bathroom home sits on a double lot, offering a rare opportunity for expansion or a second structure, pending approval from the City of Waukegan. The additional vacant lot, identified by a separate PIN#, opens doors for creative ventures, be it a garden oasis or a 2nd garage, or possible buildable lot for another home, subject to city approval. While the current plumbing and electrical systems require attention, this property is tailor-made for cash investors with a keen eye for opportunity. Bring your vision to life and explore the prospect of transforming this property into a profitable 2-unit residence, contingent upon the City of Waukegan's green light. Convenient location close to shopping centers! For the savvy investor, this fixer-upper isn't just a house; it's a canvas for a lucrative investment. Cash transactions open the door for a seamless acquisition process, making this opportunity even more enticing. Seller will also consider a buyer wanting to do a rehab loan included in the offer. Seize the chance to reimagine this home. With the right resources and creativity, this home could become a flagship investment in your portfolio. Turn this diamond in the rough into a valuable asset, creating a space that not only enhances the neighborhood but also secures your financial future.

MLS# 11907315Listed October 25, 2023ResidentialCape Cod
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms3
Full Baths3
Half Baths0
Total Rooms9

Size & Structure

Living Area1,733 sqft
Fireplaces1
Year Built1945
Lot Size0.300 acres

Location

CountyLake
TownshipWaukegan
Zip Code60085

Financial

List Price$109,900
Price / Sq Ft$63
Annual Taxes (2022)$5,456
Monthly Tax Est.$455
Parcel #08192080220000
Interior Features

Appliances

RangeRefrigeratorWasherDryer

Flooring

Hardwood

Heating

Natural GasForced Air

Cooling

Central Air

Basement

Partially FinishedFull

Laundry

In UnitSink

Fireplace

Wood Burning
Exterior & Lot

Construction

Fiber Cement

Roof

Asphalt

Foundation

Block

Patio & Porch

Deck
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Electric

FusesService - 60 Amp

Parking

ConcreteOff StreetOn SiteOwned
HOA & Community
HOA Fee
$0
Not Applicable

HOA Includes

None
Tax & Financial
Annual Taxes
$5,456
Tax Year 2022
Monthly Tax Est.
$455
per month
Price per Sq Ft
$63
per square foot
Property Location

525 Baldwin Avenue, Waukegan, IL 60085Lake County

$109,900
$63 / sqft
525 Baldwin Avenue
4 bd3 ba1,733 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
3 days on market
1 fireplace
0.300 acres
$5,456/yr taxes
$0 HOA (not applicable)
$1,032
estimated monthly payment
Principal & Interest
$578/mo
Property Tax
$455/mo
$109,900
20% — $21,980
3%50%
6.875%
3%12%
Loan Amount
$87,920
Down Payment
$21,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
RE/MAX Showcase
Agent: Lori Mattice
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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