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Waukegan 60085 Washburn Springs
809 8th Street
$125,000
● House - Off Market

809 8th Street

Waukegan, IL 60085
bedrooms
4 Beds
bathrooms
2 Baths
$947
Est. Monthly
31.33%
Cap Rate

About This Property

Amazing opportunity to restore this mini-mansion. Wide lot 50x150.  Incredbile space that needs total rehab. Awesome location. Bring your contractors to create your forever home.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1901

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1901
  • Effective Year Built: 1901
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 924
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,835
  • Total Building Area: 3,080
  • Gross Building Area: 3,080
  • Building Area: 2,156
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 10
  • Heated Square Feet: 2,156
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WASHBURN SPRINGS
  • Land Acres: 0000000111
  • Standard Land Use Code: 1101
  • County Land Use Code: 40
  • Legal Description 1: WASHBURN SPRINGS (EX S 50 FT THOF) LOT 1 BLOCK 12

Neighborhood

  • School District Name: Waukegan Community Unit School District 60
  • Census Tract: 862700

Geography

  • Assessors Map Reference: 2537-A4
  • District: WAUKEGAN
  • Parcel: 08-28-316-006
  • Block: 12
  • Lot: 1
  • Municipality: TWP OF WAUKEGAN
  • Latitude: 42.3445
  • Longitude: -87.841

    Address

  • Full Address: 809 8th St
  • Address - House Number: 809
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Waukegan
  • Carrier Code: C002
  • 4-Digit Zip Code: 7401
  • Zip Code: 60085

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $370,746
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 9012

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 187,753
  • High Value: 217,746
  • Low Value: 157,759

    Market Valuation

  • Market Total Value: $143,892
  • Market Land Value: $16,931
  • Market Improvement Value: $126,961

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,959
  • Assessed Land Value: $5,643
  • Assessed Improvements Value: $42,316
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Washburn Springs

Stats & Trends

Median Asking:

$262,350

Sale Price/ft²

$180

Below Asking

0.03%

Average Days on Market

63

Average Home Size

1648 ft²

Average Home Age

50 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Ivan Mariduena, Jennings Realty,Inc.
Data Source: MRED, MLS# MRD12328689
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 809 8th Street built and last sold?
The property at 809 8th Street was built in 1901 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 809 8th Street is $0.
What are some comparable homes to 809 8th Street?
There are currently no comparable homes to 809 8th Street.
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