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.
Closed
$305,000
1648 Elizabeth Ave, North Chicago, IL 60064
8beds
--sqft
Multi Family
Built in 1925
-- sqft lot
$402,900 Zestimate®
$--/sqft
$1,464 Estimated rent
Home value
$402,900
$355,000 - $451,000
$1,464/mo
Zestimate® history
Owner options
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$1,464/mo
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$1,464/mo
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$2,308/mo
Est. payment
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$2,308/mo
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List your homeWhat's special
Private entrancesDesirable corner lotCorner lotPrivate parking areaIn-unit laundry hookupsUnfinished basement
Zillow last checked:
Listing updated:
Listing courtesy of:
Kathryn Daniel 224-717-9297,
Dillon Realty LLC
Bought with:
Artur Barkan
KOMAR
Source: MRED as distributed by MLS GRID,MLS#: 12282323
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 sqft
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 & neighborhood
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: North Chicago
- Subdivision: Washburn Park
Other
Other facts
- 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 schools
GreatSchools rating
- 1/10Evelyn Alexander SchoolGrades: K-3Distance: 0.7 mi
- 4/10Neal Math and Science AcademyGrades: 6-8Distance: 0.5 mi
- 1/10North Chicago Community High SchoolGrades: 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.
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- Illinois
- Lake County
- North Chicago
- 60064
- Lewis Glen
- 1648 Elizabeth Ave
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