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    601-05 Milwaukee Avenue

    Libertyville, IL 60048
    • $2,225,000
    • STATUS: Active
    • ON SITE: 343 days
    • MLS #: 10545329
    UPDATED: 32 min ago
    $2,225,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,560
      SQFT
    • $294
      $/SQFT
    Type:
    Commercial
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Great multi tenant investment in Libertyville. The building is located in the heart of award winning Mainstreet Libertyville. It houses 2 of Libertyville's hottest restaurants plus 3 1 bedroom apartments. The building went thru a complete rehab in 1998 including all new HVAC, Electric services, Water service including 100% sprinklered, Fire alarm system, Roof is 7 years old. Brickwork was tuck pointed last year. Apartments each have W/D, stove, refrigerator, microwave, disposal, dishwasher. 2 units are 800sf and one is 640 sf. The restaurants have invested over $750,000 into the building over the last 5 years and have long term leases. The building is Broker owned and is in perfect condition. Please contact me with any questions or to schedule a walk thru.

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    © 2020 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 The Wexler Group. Based on information submitted to the MRED as of 2020-09-19T17:51:05.477 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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    601-05 Milwaukee Avenue Libertyville, IL 60048

    • Price: $2,225,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 10545329
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,560
    SQFT
    $294
    $/SQFT
    1940
    Built
    Neighborhood:
    Green Oaks / Libertyville
    County:
    Lake
    Area:
    Green Oaks / Libertyville
    Property Description
    Great multi tenant investment in Libertyville. The building is located in the heart of award winning Mainstreet Libertyville. It houses 2 of Libertyville's hottest restaurants plus 3 1 bedroom apartments. The building went thru a complete rehab in 1998 including all new HVAC, Electric services, Water service including 100% sprinklered, Fire alarm system, Roof is 7 years old. Brickwork was tuck pointed last year. Apartments each have W/D, stove, refrigerator, microwave, disposal, dishwasher. 2 units are 800sf and one is 640 sf. The restaurants have invested over $750,000 into the building over the last 5 years and have long term leases. The building is Broker owned and is in perfect condition. Please contact me with any questions or to schedule a walk thru.
    Exterior Features

    Construction BrickConcrete BlockWood Frame Docks None Foundation Concrete Frontage Access State Road Lot Dimensions 42 X 169 Lot Sq Ft 10890 Number Of Parking Spaces 0 Roof Coverings MembraneReflective Coating Roof Structure FlatWood Joists

    Interior Features

    Air Conditioning Central AirCentral IndividualExhaust Fan/S Fire Protection Alarm MonitoredAlarm On SiteAnsul SystemFire Extinguisher/SSmoke Or Fire ProtectorsSprinklers-WetStand PipeSprinklersCarbon Monoxide Detector(S) Floor Finish CarpetTileWood Indoor Parking Over 100 SpacesDetached Miscellaneous Inside Multi-TenantBasement Number Of Apts 3 Number Of Dishwashers 3 Number Of Disposals 3 Number Of Dryers 3 Number Of Fireplaces 0 Number Of Offices 0 Number Of Ranges 3 Number Of Refrigs 3 Number Of Stores 2 Number Of Stories 2 Number Of Washers 3 Outdoor Parking Over 100 SpacesNone On SiteCommon ParkingCoveredLightedPavedPublic Lot

    Property Features

    Age 16-25 Years Built Before1978 YN Yes Current Use Commercial Electric Expense Source Actual Electrical Service Circuit BreakersSeparate Meters101-200 Amps201-600 Amps Electricity Expense 0 Expense Year 2019 Exterior Building Type BrickEifs (E.G. Dryvit). Fuel Expense 0 Fuel Expense Source Actual Geographic Locale North Suburban Gross Rental Income Amount 195007 Heat Ventilation Central Heat/Indiv ControlsForced AirGasOperable Windows/Systems Vary-Call List Agt Insurance Expense 3103 Insurance Expense Source Actual Known Encumbrances First Mortgage Lease Type Modified Gross Miscellaneous Outside Enclosed StairsHandicapped AccessPatioSecurity LightingStorms And Screens (As Exist) Net Oper Income Amount 164844 Net Operating Income Year 2019 Number Of Tenants 5 Number Of Window Ac 0 Other Expense Source Actual Other Expenses 0 Owners Assoc YN No Possession Tenant's Rights Potential Use CommercialResidential-Multi-Family Rental Price 25 Sale Terms ConventionalCash Only Tax Year 2019 Taxes 24624 Tenant Pays Air ConditioningElectricHeatJanitorialReal Property TaxesRepairs And Maintenance Total Annual Exp 30163 Total Annual Expense Source Actual Total Annual Income 195007 Total Monthly Income 16250 Township Libertyville Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteSewer-Storm AvailableWater-MunicipalWater To Site Washer Dryer Lsd YN No Water Drainage Floor DrainsStorm Sewers Water Expense 0 Water Expense Source Actual

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Lovinger Real Estate.


    © 2020 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 The Wexler Group. Based on information submitted to the MRED as of 2020-09-19T17:51:05.477 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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