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1720 North Milwaukee Avenue

1720 North Milwaukee Avenue, Vernon Hills, IL 60061
Property in Oakmont
This has been categorized as a commercial property type. In total, the area measurement of the land is 263,995 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1720 North Milwaukee Avenue was last sold in Aug 17, 2016 for $36,400,000. Prior to that sales transaction, the property was sold for $23,046,000 in Feb 12, 2013. Current property owners are expected to pay $380,073 in taxes per year. The property on 1720 North Milwaukee Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $4,236,133. To break that down further, the land itself was valued at $1,496,162. While improvements to the property were assessed at a total of $2,739,971. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 263,995
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: GREGG
  • Land Acres: 6.061
  • Standard Land Use Code: Commercial building
  • Legal Description 1: RESUB OF LOTS 6 & 7 IN THE SHOPPES AT GREGGS LANDING SUB; LOT 6

Ownership

  • Current Owner : RALPH AVENUE ASSOCIATES LLC
  • Previous Owner : VERNON HILLS FRESH MARKET VENTURE DST
  • Owner Before Previous Owner: IM PROPERTIES ILLINOIS 5 LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Libertyville Community High School District 128
  • Census Tract: 863904

Geography

  • Assessors Map Reference: 2647-E2
  • District: LIBERTYVILLE
  • Parcel: 11-28-411-013
  • Lot: 6,7
  • Municipality: TWP OF LIBERTYVILLE
  • Latitude: 42.2569
  • Longitude: -87.9509

    Address

  • Full Address: 1720 N Milwaukee Ave
  • Address - House Number: 1720
  • Street Direction: N
  • Address - Street Name: Milwaukee
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Vernon Hills
  • Carrier Code: R009
  • 4-Digit Zip Code: 1538
  • Zip Code: 60061

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $380,073
  • Tax Rate Code Area: 11012

    Market Valuation

  • Market Total Value: $12,709,670
  • Market Land Value: $4,488,935
  • Market Improvement Value: $8,220,735

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,236,133
  • Assessed Land Value: $1,496,162
  • Assessed Improvements Value: $2,739,971

    Sales

  • Current Sale Contract Date: Aug 17, 2016
  • Current Sale Recording Date: Aug 29, 2016
  • Current Sale Transaction ID: 1795993687
  • Current Sale Price: $36,400,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 7323249
  • Previous Sale Recording Date: Feb 21, 2013
  • Previous Sale Contract Date: Feb 12, 2013
  • Previous Sale Amount: $23,046,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMFG LIFE INSURANCE CO
  • First Mortgage Transaction Date: Aug 29, 2016
  • First Mortgage Loan Amount: $21,700,000
  • First Mortgage Terms: 84
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Sep 01, 2023

    Previous Mortgages

  • Previous Mortgage Lender: CANTOR COMMERCIAL REAL ESTATE
  • Previous Mortgage Transaction Date: Feb 21, 2013
  • Previous Mortgage Loan Amount: $15,370,600
  • Previous Mortgage Term: 288
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 06, 2037

About Oakmont



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Nearby Rentals

Unit for rent at 1008 Hayes Court, Vernon Hills, IL, 60061

$2,500 /mo

  • 3 Beds
  • 1.5 Baths
  • 1,200 ft²
1008 Hayes Court, Vernon Hills, IL, 60061 Listing by Jacklyn Pepoon

Frequently Asked Questions

What neighborhood is 1720 North Milwaukee Avenue located in?
The 1720 North Milwaukee Avenue is a located in the neighborhood of Oakmont in Oakmont, Vernon Hills.
What is the average sales price for listings in 1720 North Milwaukee Avenue?
The average sales price for units in 1720 North Milwaukee Avenue is $0 currently.

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