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    126-128 N Genessee Street

    Waukegan, IL 60085
    • $1,000,000
    • STATUS: Active Under Contract
    • ON SITE: 89 days
    • MLS #: 11075006
    Under Contract
    UPDATED: 21 min ago
    $1,000,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,479
      SQFT
    • $87
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Rarely Available 18-Unit property in downtown Waukegan's Central Business District. (16) Multifamily units above (2) Commercial, this property is turn-key and ready for the next owner. Excellent condition, long-term commercial tenants and many long-term residential tenants. Room to raise rent with current owner achieving 10-15% increases on move-outs. Low expenses with tenant-paid heat and electric. Won't last long-walk to dining, Genessee Theater, Waukegan Harbor, Metra Station, and Lakefront! TOUR BY APPOINTMENT - SEE VIRTUAL TOUR.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2021-08-01T22:52:13.93 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    126-128 N Genessee Street Waukegan, IL 60085

    • Price: $1,000,000
    • Status: Active Under Contract
    • Updated: 21 min ago
    • MLS #: 11075006
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    11,479
    SQFT
    $87
    $/SQFT
    1955
    Built
    Neighborhood:
    Park City / Waukegan
    County:
    Lake
    Area:
    Park City / Waukegan
    Property Description
    Rarely Available 18-Unit property in downtown Waukegan's Central Business District. (16) Multifamily units above (2) Commercial, this property is turn-key and ready for the next owner. Excellent condition, long-term commercial tenants and many long-term residential tenants. Room to raise rent with current owner achieving 10-15% increases on move-outs. Low expenses with tenant-paid heat and electric. Won't last long-walk to dining, Genessee Theater, Waukegan Harbor, Metra Station, and Lakefront! TOUR BY APPOINTMENT - SEE VIRTUAL TOUR.
    Exterior Features

    Parking Total 0

    Interior Features

    Cooling Central Air Electric Circuit BreakersOver 600 Amps Fire Protection Sprinklers Heat Ventilation Forced Air Number Of Apts 16 Number Of Offices 0 Number Of Stores 2

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Electric Expense 2948 Fuel Expense 2948 Geographic Locale Out Of Area Gross Income 159600 Gross Scheduled Income 159600 Insurance Expense 5749 Lot Size Dimensions 5587 Other Expense 0 Tax Annual Amount 15721 Tax Year 2019 Tenant Pays Varies By Tenant Total Monthly Income 13300 Trash Expense 2948 Water Sewer Expense 2948

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Aco Commercial.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2021-08-01T22:52:13.93 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Northbrook IL, 60062