Closed

$654,900

4101 DOUGLAS Drive, Zion, IL 60099
8 Beds8 Baths1 days
4101 DOUGLAS Drive·Zion, IL 60099
8Bedrooms
8Bathrooms
1985Year Built
About This Home

LARGE 4 UNIT BUILDING IN A GREAT FAR NORTH SIDE ZION LOCATION BY LORELIE AND 9TH ST. FOUR IDENTICAL 2 STORY UNITS, 2 BEDROOMS EACH, 1/2 BATHROOM ON MAIN LEVEL AND A FULL HALL BATHROOM UPSTAIRS. EACH UNIT HAS ITS OWN PRIVATE CONCRETE PATIO WITH 2 SLIDING GLASS DOORS AND LARGE BACKYARD. EACH UNIT HAS ITS OWN PRIVATE IN-UNIT LAUNDRY ROOM ON THE MAIN LEVEL. MASTER BEDROOMS HAVE WALK-IN CLOSETS AND A SINK WITH A MIRROR AREA. BRAND-NEW (MARCH 2024) ROOF AND SECOND FLOOR VINYL SIDING. UPPER-LEVEL SLIDING GLASS DOOR RAILS REPLACED (2024). WINDOWS AND PATIO DOORS REPLACED (2009). CONCRETE PARKING LOT WITH 8 PARKING SPACES. ONE UNIT HAS A BRAND-NEW KITCHEN, WHITE SHAKER CABINETS, GRANITE COUNTERTOPS, SINK, FAUCET, STAINLESS STEEL APPLIANCES WITH A HIGH-END STOVE AND BUILT IN MICROWAVE. NEW BATHROOM VANITIES, NEW VINYL FLOORING ON MAIN LEVEL, NEW PAINT. ALL THE KITCHENS HAVE ISLANDS. OTHER UNITS ARE IN GOOD CONDITION. TENANTS PAY FOR ALL UTILITIES, SEPARATE WATER METERS AND ELECTRIC METERS, WATER HEATERS, TENANTS ALSO PAY FOR GARBAGE PICK-UP. BEACH PARK SCHOOLS! CLOSE TO THE BIG SUPER WAL MART ON 173, I-94, GURNEE MILLS MALL, SIX-FLAGS GREAT AMERICA, KENOSHA PREMIUM OUTLET MALL, ETC. HIGH INCOME AND LOW EXPENSES MAKES THIS A GREAT CASH COW INVESTMENT. POTENTIAL GROSS INCOME IS $66,000 A YEAR, LANDLORD ONLY PAYS FOR TAXES $11,123, LANDSCAPING $1,200 PER YEAR AND INSURANCE $2,200 PER YEAR, APPROX EXPENSES AT $15,000 A YEAR, NET INCOME PROFIT OF $51,000 MAKES THIS 7.8 % RETURN ON YOUR INVESTMENT.

MLS# 12053717Listed May 11, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms8
Total Rooms20

Size & Structure

Year Built1985
Lot Size25.250 acres

Location

CountyLake
TownshipZion
Zip Code60099

Financial

List Price$654,900
Annual Taxes (2022)$11,124
Monthly Tax Est.$927
Parcel #04074040050000
Interior Features

Heating

ElectricBaseboard

Basement

None
Exterior & Lot

Construction

Vinyl SidingBrick

Roof

Asphalt

Foundation

Concrete Perimeter

Patio & Porch

Patio
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Parking LotOn SiteOwned
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$11,124
Tax Year 2022
Monthly Tax Est.
$927
per month
Property Location

4101 DOUGLAS Drive, Zion, IL 60099Lake County

$654,900
4101 DOUGLAS Drive
8 bd8 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
1 days on market
25.250 acres
$11,124/yr taxes
$4,369
estimated monthly payment
Principal & Interest
$3,442/mo
Property Tax
$927/mo
$654,900
20% — $130,980
3%50%
6.875%
3%12%
Loan Amount
$523,920
Down Payment
$130,980

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

Listed by
NCL Realty, INC.
Agent: Mike Najarian
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