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    601-05 N Milwaukee Avenue

    Libertyville, IL 60048
    • $2,250,000
    • STATUS: Active
    • ON SITE: 74 days
    • MLS #: 10979680
    UPDATED: 1 min ago
    $2,250,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,560
      SQFT
    • $298
      $/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. 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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    © 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-11T23:51:57.73 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 N Milwaukee Avenue Libertyville, IL 60048

    • Price: $2,250,000
    • Status: Active
    • Updated: 1 min ago
    • MLS #: 10979680
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    7,560
    SQFT
    $298
    $/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. 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 Materials BrickBlockWood Frame Docks None Foundation Details Concrete Perimeter Frontage Type State Road Miscellaneous Outside Enclosed StairsHandicapped AccessPatioSecurity LightingStorms And Screens (As Exist) Outdoor Parking Over 100 SpacesNone On SiteCommon ParkingCoveredLightedPavedPublic Lot Parking Total 0 Roof MembraneReflective Coating Roof Structure FlatWood Joists

    Interior Features

    Cooling Central AirCentral IndividualExhaust Fan Electric Circuit BreakersSeparate Meters101-200 Amps201-600 Amps Fire Protection Alarm MonitoredAlarm On SiteAnsul SystemFire Extinguisher/SSmoke Or Fire ProtectorsSprinklers-WetStand PipeSprinklersCarbon Monoxide Detector(S) Fireplaces Total 0 Flooring CarpetTileWood Heat Ventilation Central Heat/Indiv ControlsForced AirGasOperable Windows/Systems Vary-Call List Agt 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 Offices 0 Number Of Ranges 3 Number Of Refrigs 3 Number Of Stores 2 Number Of Washers 3 Number Of Window Ac 0

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 8.13 Current Use Commercial Electric Expense 0 Existing Lease Type Modified Gross Expense Year 2019 Exterior Building Type BrickEifs (E.G. Dryvit). Fuel Expense 0 Geographic Locale North Suburban Gross Income 195000 Gross Scheduled Income 195000 Insurance Expense 3500 Known Encumbrances First Mortgage Lot Size Dimensions 42 X 169 Net Operating Income Year 2019 Number Of Tenants 5 Operating Expense 12000 Other Expense 0 Owners Assoc YN No Possible Use CommercialMulti-Family Tax Annual Amount 24624 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceTaxesRepairs Total Monthly Income 16250 Trash Expense 0 Utilities Electric To SiteGas To SiteSanitary SewerSewer-Storm AvailableWater-MunicipalWater To Site Washer Dryer Leased YN No Water Drainage Floor DrainsStorm Sewers Water Sewer Expense 0 Zoning Rtail

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


    © 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-11T23:51:57.73 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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