424 Cory

Waukegan, IL 60085

Long term owner selling a beautiful Victorian 3-unit building. Includes a 2-bedroom, 1-bedroom, and a 2-room efficiency; each unit has its own entrance and there are no common tenant areas. Owner pays heat and water for building. All apartments rented and recently ( 2 years) painted and new carpeting. High efficiency (95%) direct vent furnace installed 2000, high efficiency direct vent 40-gallon hot water tank installed 2020, and house roof replaced in 2011 with 35-year architectural shingles. Each unit has its own electrical meter with 100-amp service, and basement/garage/outside lights are on separate 100-amp panel. Currently landlord pays electric for efficiency unit per the lease but that can be changed to tenant pay at end of lease. Building passed both the housing and fire inspections performed by Waukegan in 2022. The property also has an oversized 3 car garage with full second story for storage that could rent for $500 a month. Both rollup garage doors are 8' high and garage is 9' high on first floor. Garage was built in 1992 on a foundation and not a slab. A 50-amp electrical panel is in garage but connected to house meter, garage also gas and water lines stubbed from house to garage. Second floor of garage is accessed from inside the garage via a staircase, also the second floor has a 4' wide barn door if access for larger items is needed. Rents can be higher, and garage can be utilized for additional rent if desired or use for own storage as needed.