Closed

$305,000

1648 Elizabeth Ave, North Chicago, IL 60064

8beds

--sqft

Multi Family

Built in 1925

-- sqft lot

$387,300 Zestimate^®

$--/sqft

$1,403 Estimated rent

Home value

$387,300

$341,000 - $434,000

$1,403/mo

Zestimate^® history

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$1,950/mo

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$1,950/mo

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What's special

Private entrancesDesirable corner lotCorner lotPrivate parking areaIn-unit laundry hookupsUnfinished basement

This fully occupied 3-unit rental property on a desirable corner lot is a fantastic investment opportunity, generating over $4,000 in gross monthly rental income. The main building consists of two spacious 3-bedroom, 2-bathroom units, each with private entrances and in-unit laundry hookups. An unfinished basement houses the mechanicals and an additional set of laundry hookups. The separate coach house features 2 bedrooms, 1 bathroom, and its own private parking area. Well maintained and cared for, this property has responsible tenants who take pride in their homes. With strong cash flow and long-term investment potential, this is a turnkey opportunity for any investor.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5

Heating

Forced Air

Features

Basement: Unfinished,Partial

Property

Parking

Total spaces: 7
Parking features: Unassigned, On Site, Owned

Features

Patio & porch: Porch

Lot

Size: 9,583 Square Feet

Details

Additional structures: Second Residence
Parcel number: 08324220410000
Zoning: MULTI
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Roof: Asphalt

Condition

New construction: No
Year built: 1925
Major remodel year: 2015

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Sidewalks, Street Lights, Street Paved
Subdivision: Washburn Park

Location

Region: North Chicago

Financial & listing details

Tax assessed value: $248,857
Annual tax amount: $10,169
Date on market: 2/3/2025
Listing terms: Conventional
Ownership: Fee Simple

Price history

Date	Event	Price
4/9/2025	Sold	$305,000+1.7%
Source: MRED as distributed by MLS GRID #12282323 Report a problem
2/12/2025	Contingent	$300,000
Source: MRED as distributed by MLS GRID #12282323 Report a problem
2/3/2025	Listed for sale	$300,000+100%
Source: MRED as distributed by MLS GRID #12282323 Report a problem
2/28/2019	Sold	$150,000
Source: MRED as distributed by MLS GRID #10151833 Report a problem
2/28/2019	Pending sale	$150,000
Source: Baird & Warner #10151833 Report a problem
2/11/2019	Price change	$150,000-31.8%
Source: Baird & Warner #10151833 Report a problem
1/15/2019	Pending sale	$219,900
Source: Baird & Warner #10151833 Report a problem
12/7/2018	Listed for sale	$219,900
Source: Baird & Warner #10151833 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$10,626 -23.8%	$89,082 +7.4%
2023	$13,952	$82,944 -19.2%
2022	--	$102,671 +151.2%
2021	$5,692 +33.1%	$40,867 +30.4%
2020	$4,278	$31,338
2019	--	--
2018	$3,490	$22,832 +13%
2017	$3,490 +163.2%	$20,200 -7.6%
2016	$1,326 -22.2%	$21,864 +204.4%
2015	$1,705 -48.3%	$7,182 -29.6%
2014	$3,297 +245.7%	$10,204 -52.6%
2012	$954 +11.1%	$21,534 -33.9%
2011	$858 +15.3%	$32,600 -19.8%
2010	$744 +10.9%	$40,656 -7.5%
2009	$671 -5.2%	$43,976 -2.8%
2008	$707 -71.5%	$45,238 +8.1%
2006	$2,479 +96.5%	$41,867
2005	$1,262 +5.3%	--
2004	$1,198 -14.8%	--
2003	$1,405 -0.7%	--
2002	$1,415 -11.3%	--
2001	$1,595 +1.7%	$24,637 +1.1%
2000	$1,568	$24,357

Find assessor info on the county website

Neighborhood: Lewis Glen

Nearby homes

Nearby schools

GreatSchools rating

1/10
Evelyn Alexander School
Grades: K-3Distance: 0.7 mi
4/10
Neal Math and Science Academy
Grades: 6-8Distance: 0.5 mi
1/10
North Chicago Community High School
Grades: 9-12Distance: 0.2 mi

Schools provided by the listing agent

High: North Chicago Community High Sch
District: 187

Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.