Check Availability
Lake Zurich 60047
61 PARK Avenue
$306,000 - $374,000
House - In Contract

61 PARK Avenue

Lake Zurich, IL 60047
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1408 Sqft
Transfer

About This Property

Nestled in downtown Lake Zurich, this charming yet in need of renovation four plus one bedroom, two bath home presents a unique opportunity for those looking to restore or expand a classic property. Situated just a short walk from Lake Zurich, this home sits on four lots totaling over an acre, offering ample space for potential improvements. The living and dining rooms provide a spacious layout for entertaining, and the main level bedroom or office allows for flexible use. Upstairs, three additional bedrooms await transformation. With a full basement featuring a family room, fifth bedroom, workroom, laundry room, and full bath, there is plenty of room to reimagine this space. A huge detached four car garage can fit up to six vehicles and has tons of room for workshop with large machines. Three of the lots lack main road access, the possibility of adding an easement opens up exciting prospects, or use all four lots and build your dream home! Bring your vision and creativity to breathe new life into this historic home.

The manager has listed the unit size as 1408 square feet.
Unit Size
1,408Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$241
Property Type
House
Property Taxes
$764
HOA Dues
-
Year Built
1950
Listed By
Jane Lee
Jane Lee
RE/MAX Top Performers

Price History

Date / Event Date Event Price
Apr 15, 2024 In contract -
In contract
Apr 3, 2024 Price Decreased $340,000
↓ $60K (15%)
Price Decreased
Mar 29, 2024 No longer available -
No longer available
Mar 28, 2024 Listed $399,900
Listed
Oct 14, 2023 In contract -
In contract
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Property Highlights

Fireplace
Air Conditioning
Interior Details

Fireplace Information

Fireplace
Exterior Details

Exterior Information

Wood Siding

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 704
  • Garage Type: Detached
  • Garage Square Area: 940
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 9,745
  • Total Building Area: 2,112
  • Gross Building Area: 2,480
  • Building Area: 1,408
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,408
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: F.H.KUEBKER-S FIRST ADD
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: F.H.KUEBKER-S FIRST ADD TO PROSPECT PARK LOT 11

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lake Zurich Community Unit School District 95
  • Census Tract: 864409

Geography

  • Assessors Map Reference: 2698-E3
  • District: ELA
  • Parcel: 14-20-104-013
  • Lot: 11
  • Municipality: TWP OF ELA
  • Latitude: 42.1952
  • Longitude: -88.0928

    Address

  • Full Address: 61 Park Ave
  • Address - House Number: 61
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lake Zurich
  • Carrier Code: C009
  • 4-Digit Zip Code: 2315
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,591
  • Tax Rate Code Area: 15179

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 364,444
  • High Value: 422,664
  • Low Value: 306,224

    Market Valuation

  • Market Total Value: $287,119
  • Market Land Value: $73,462
  • Market Improvement Value: $213,657

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,697
  • Assessed Land Value: $24,485
  • Assessed Improvements Value: $71,212

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lake Zurich


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 38 Lakeview Place, Lake Zurich, IL, 60047

$3,300 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,220 ft²
38 Lakeview Place #38, Lake Zurich, IL, 60047 Listing by Svetlana Woods
Unit for rent at 2 Butterfield Road, Lake Zurich, IL, 60047

$3,200 /mo

  • 5 Beds
  • 2 Baths
  • 2,100 ft²
2 Butterfield Road, Lake Zurich, IL, 60047 Listing by Gerard Scheffler


Frequently Asked Questions

When was property at 61 Park Avenue built and last sold?
The property at 61 Park Avenue was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 61 Park Avenue is $341,267.
What are some comparable homes to 61 Park Avenue?
There are currently no comparable homes to 61 Park Avenue.

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