2116 & 2101 Williamsburg Drive, Waukegan, IL
$ 1,199,900
Property Attributes
  • ID#11777044
  • TypeMulti-Family
  • CountyLAKE
  • CityWaukegan
  • AreaPark City - Waukegan
  • NeighborhoodNorth Waukegan
  • Zip60085
  • StyleMulti-Family
  • Year Built1950
  • Taxes$ 17856
  • Price$ 1,199,900
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7212
  • Lot Size0.36 Acres
Data Source:
Midwest Real Estate Data (MRED)
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!

Price History
5/6/2023 Listed $1,349,000
6/13/2023 8% - $1,249,000
8/3/2023 4% - $1,199,900

General Features

Additional Parcels Y/N Yes
Association Fee Includes Water, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
City Waukegan
Construction Materials Brick, Wood Frame
Cooling Window Unit(s)
County Lake
Current Use Multi-Family
Days on Market 96
Directions Take Lewis to Williamsburg. 2101 is on the south side of the street 2116 is on the north side of the street.
Electric Circuit Breakers, Separate Meters
Electric Expense 1080
Fuel Expense 4198
Green Building Verification Type Other
Gross Income 153480
Insurance Expense 6185
Lot Size Square Feet 16549
MLS Area Park City / Waukegan
Maintenanceexpense 1200
Net Operating Income 114592
Operating Expense 40880
Possible Use Multi-Family
Property Type Commercial Sale
Property Type Multi Family 5+
Roof Tar and Gravel, Other
Standard Status Active
Status Active
Stories 3
Street Name Williamsburg
Tax Annual Amount 17856
Tax Year 2022
Tenant Pays Electricity
Total Units 12
Township Waukegan
Trash Expense 2265
Utilities Sanitary Sewer, Water-Municipal
Water Sewer Expense 2707
Year Built 1950
Zoning MULTI

Interior Features

Basement Concrete Block
Street Suffix Drive

Exterior Features

Building Area Total 7212
Exterior Vinyl Siding, Brick
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 60X134
Lot Size Acres 0.36
Total Parking 12


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60085

AVG $390K
AVG $7,317
AVG 171
Data Provided by Inside Real Estate®
Year Built
AVG 1924
AVG 63
Data Provided by Walkscore® not using MLS data