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513 Lake Street

Crystal Lake, IL 60014
  • $409,000
  • STATUS: Active Under Contract
  • ON SITE: 16 Days
  • MLS #: 12271127
Under Contract
UPDATED: 89 min ago
$409,000
  • 5
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1946
County:
Area:

School Information

Elementary School:
School District:
47

Description

Excellent Location! Rare 3 unit with great income located within 2 blocks of Main Beach and Crystal Lake!!! Walk or bike to Crystal Lake Train Station which is 1.5 miles away! Main floor unit has 3 bedrooms and 1.1 baths and a finished basement, large deck and a newer 2 car garage. 2- second floor 1 bedroom 1 bath units also have 1 garage space each. All tenant pays for their own heat/gas, electric and are all metered separately. First floor unit has three bedrooms, 1.5 baths, as well as access to the finished basement. Both units on the second floor are 1 bedroom units of approximately 450 sq ft. and share a 2nd 2 car garage! Additionally, there are 4 more designated parking spaces at the rear of the building. Building has been professionally managed and maintained and updated to minimize your out of pocket expenses. All 3 units are currently rented with leases in place and a current monthly income of $3850. Current Landlord provides water/sewer and garbage, as well as takes care of the lawn and snow removal. Building is close to shopping, parks, walking trails, restaurants & the more. This is a must see building in a great location with great income!!!

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2025-02-07T08:59:19.467 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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513 Lake Street Crystal Lake, IL 60014

  • Price: $409,000
  • Status: Active Under Contract
  • On Site: 16 Days
  • Updated: 89 min ago
  • MLS #: 12271127
5
Beds
0
Baths
0
½ Baths
0.18
Acres
1946
Built
Neighborhood:
Mchenry
County:
Mchenry
Area:
Mchenry
Elementary School:
Canterbury Elementary School
Middle School:
Hannah Beardsley Middle School
High School:
Crystal Lake South High School
School District:
47
Property Description
Excellent Location! Rare 3 unit with great income located within 2 blocks of Main Beach and Crystal Lake!!! Walk or bike to Crystal Lake Train Station which is 1.5 miles away! Main floor unit has 3 bedrooms and 1.1 baths and a finished basement, large deck and a newer 2 car garage. 2- second floor 1 bedroom 1 bath units also have 1 garage space each. All tenant pays for their own heat/gas, electric and are all metered separately. First floor unit has three bedrooms, 1.5 baths, as well as access to the finished basement. Both units on the second floor are 1 bedroom units of approximately 450 sq ft. and share a 2nd 2 car garage! Additionally, there are 4 more designated parking spaces at the rear of the building. Building has been professionally managed and maintained and updated to minimize your out of pocket expenses. All 3 units are currently rented with leases in place and a current monthly income of $3850. Current Landlord provides water/sewer and garbage, as well as takes care of the lawn and snow removal. Building is close to shopping, parks, walking trails, restaurants & the more. This is a must see building in a great location with great income!!!
Exterior Features

Architectural Style TraditionalColonial Exterior Building Type Vinyl SidingClad Trim Exterior Features DeckStorms/ScreensCable AccessOther Foundation Details BlockConcrete Perimeter Garage Details Garage Door Opener(s)Transmitter(s)Multiple Garages Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Features Legal Non-Conforming Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Details GarageSpace/s Parking Features Unassigned Parking Onsite Yes Parking Ownership Owned Parking Total 8 Roof Asphalt Waterfront YN No

Interior Features

Basement Partially Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 5 Full Baths In Building 3 Half Baths In Building 1 Heating Natural GasForced AirSpace HeaterSep Heating Systems - 2+Indv Controls Rooms Total 15

Property Features

Additional Parcels YN No Age 71-80 Years Built Before1978 YN Yes Community Features ParkLakeWater RightsSidewalksStreet LightsStreet Paved Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Crystal Lake General Information School Bus ServiceCommuter Train Gross Income 45160 Mls Actual Status Contingent Net Operating Income 27084 New Construction YN No Other Equipment TV-CableCO DetectorsCeiling Fan(s)Sump PumpMultiple Water Heaters Ownership Condo Rebuilt YN No Sewer Public Sewer Special Listing Conditions List Broker Must AccompanyStandard Tax Annual Amount 10135 Tax Year 2023 Total Numberof Unitsin Building 3 Township Algonquin Type Two to Four Units Water Source Public

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of GC Realty and Development: 630-587-7400.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2025-02-07T08:59:19.467 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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