1201 Fairfield Road, Wauconda, Lake County, IL 60084

For Sale

Listed by Doug Anderson with Blue Fence Real Estate Inc.
$790,000 USD
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  • 6 Beds
  • 4 Baths
  • 0.75 ac Lot Size
  • MultiFamily
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Property Summary for 1201 Fairfield Road

Type
MultiFamily
Sub-Type
Quadruplex
Lot Size
0.75 Ac
MLS Number
10943950
Year Built
1947
Parcel Number
10192000030000
Taxes
11,761.56 USD (2019)
Zip
60084
School District
Mundelein Consolidated High School District 120
Schools Information
Rooms Information

Description for 1201 Fairfield Road

One of the oldest structures in Lake County built in 1852. Formally a cheese factory and then store front for Wauconda Orchards. Building was beautifully converted to a 4-unit building that generates great cash flow. Building is being sold with adjoining parcel totaling 2.9 acres at the corner of highly traveled Fairfield Road & Bonner Road on the edge of Wauconda. The village identifies this parcel as commercial in its long range plan. An easement exists for bringing water and sewer to the property under Millennium trail. Traffic counts conducted in 2009, before the traffic light was installed and intersection was widened, were 13,634 for Fairfield Road and 5,632 for Bonner Road, with anticipated annual growth of 3 percent. Building consists of 2 - 2 bed/1bath units and 2 - 1 bed/1 bath units. Current tenants are all on Month to Month Leases. First floor vacant unit could rent for between $1050 and $1100 a month further increasing the great cash flow and is currently being used by the owner.
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Features for 1201 Fairfield Road

Exterior Finish
  • Cedar Siding
  • Stone
Heating
  • Heating Systems: Forced Air
  • Heating Fuels: Natural Gas
Appliances
  • Dishwasher
  • Refrigerator
Listing provided by Blue Fence Real Estate Inc
Copyright © 2021 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Doug Anderson

Blue Fence Real Estate Inc.

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