WAUKEGAN

For Sale by owner!  825 Lenox in Waukegan. Large 2 flat (apx 1000 sq ft each unit), fully rented, updated, good condition, big fenced yard, off street parking, two car garage, house electric meter, separate gas and electric meters $149,900 broker's cooperation accepted  

Call Mike @ 847-494-5092 for details or contact via e-mail:   michaelbergquist56@sbcglobal. net

wkgn825_2010-05-20

WAUKEGAN

jared hertzke (Member under Will Werhane)
847-201-6556

2 Story Brick Vintage Duplex
THIS IS A GREAT OPPORTUNITY
FOR A  LANDLORD!!

---Duplex--2   1240sq ft units!
---Two----2 BEDROOM-1Bath Units
---Fireplace and Built-in cabinets!
---Original tile in entry in good shape
---Hard Wood found under the carpets

---SOLD for $222k in 2006

---County says Full Market Value is $198

Our Estimated value
CAP rate 12
NOI $18,000
Value $150,000


What repairs it need to rent it out?:
Paint and carpet will go a long way.
Kitchens and baths need a little work.
Steam heat needs pressurized and repaired.
1st Floor living room floor is bucking under carpet
Other misc repairs
Our rehab estimate: $15K?

Windows could be replaced--but you could put it off a couple years:
The cash flow from the first year would probably pay for it!! Estimate:
$12k?

county509hertzke2010-04-01