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Investment
Real Estate Services
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WHAT
COULD YOU BUY FOR AROUND $100K? |
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2 bedroom, 1 bath
Built 1954,
768 ft2
$124,900 Sale 10/14/05
$104,000 List 07/03/08
$50,000
Sold 12/23/08
06948972 |
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3 bedroom, 1.2 bath
Built 1957,
1,447 ft2
$189,900 Sale 09/14/07
$65,900 List 10/02/08
$50,000
Sold 11/14/08
07038794 |
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2 bedroom, 2 bath
Built 1930,
1,000 ft2
$137,900 Sale 12/14/05
$60,000
List 07/31/08
$48,450 Sold
12/12/08
06980379 |
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3 bedroom, 1.1 bath
Built 1910,
1,940 ft2
$147,000 Sale 05/31/05
$158,000 List 11/19/07
$60,000 Sold
09/05/08
06735314 |
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2 bedroom, 1 bath
Built 1954,
870 ft2
$91,500 Sale 01/20/99
$55,900 List 04/22/08
$61,000
Sold 07/30/08
06870902 |
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2 bedroom, 1 bath
Built 1955,
768 ft2
$117,500 Sale 03/27/03
$126,000 List 07/18/08
$72,000
Sold 12/16/08
06968647 |
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3 bedroom, 1.1 bath
Built 1955,
864 ft2
$141,000 Sale 11/29/05
$121,500 List
06/06/08
$75,000
Sold 12/24/08
06962719 |
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3 bedroom, 1 bath
Built 1954,
1,050 ft2
$145,000 Sale 11/12/04
$126,000 List 05/23/08
$80,000
Sold 12/08/08
06906356 |
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2 bedroom, 1 bath
Built 1954,
768 ft2
$130,000 Sale 09/16/03
$97,500 List 01/11/08
$82,000
Sold 07/11/08
06769737 |
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4 bedroom, 1.1 bath
Built 1966,
1,550 ft2
$164,895 Sold 11/19/04
$99,800 List 10/15/08
$85,000 Sold 11/24/08
07049923 |
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3 bedroom, 1 bath
Built 1925,
2,050 ft2
$157,000 Sale 09/24/04
$139,050 List 02/05/08
$90,000
Sold 09/30/08
06917376 |
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2 bedroom, 1
bath
Built 1954,
768 ft2
$134,000 Sale 10/15/04
$82,400 List 06/20/08
$91,400
Sold 08/12/08
06934908 |
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2 bedroom, 1 bath
Built
1968, 888 ft2
$120,000 Sale
06/12/03
$100,000 List
12/11/07
$90,000
Sold 04/04/08
06750947 |
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3 bedroom,
2 bath
Built
1962, 1,408 ft2
$159,000
Sale 10/3/05
$114,900 List
02/21/07
$91,500
Sold
08/30/07
06613139 |
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4
bedroom, 1 bath
Built
1950, 1,305 ft2
$171,000 Sale 06/19/06
$94,900
List 03/20/08
$90,500 Sold
05/02/08
06836135 |
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4
bedroom, 2 bath
Built
1950, 1,392 ft2
$147,000
Sale 06/10/04
$124,900
List 02/08/08
$93,000
Sold 07/11/08
06795295
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4
bedroom, 2 bath
Built
1929, 1,604 ft2
$179,000
Sale 10/12/06
$129,900
List 05/08/08
$95,000
Sold 10/06/08
06889596 |
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4
bedroom, 2 bath
Built
1959, 1,816 ft2
$160,000
Sale 07/25/02
$149,900
List 06/03/08
$97,500
Sold 11/11/08
06916349 |
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2
bedroom, 1.1 bath
Built
1932, 1,080 ft2
$137,500
Sale 01/04/05
$134,900
List 12/22/07
$102,000
Sold 07/11/08
06841638
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3 bedroom, 1 bath
Built
1956, 1,362 ft2
$147,000
Sale 12/12/06
$122,900
List 08/27/08
$104,000
Sold 10/29/08
07006517
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3
bedroom, 1 bath
Built 1954,
864 ft2
$129,000
Sale 12/02/02
$104,900
List 07/22/08
$99,000
Sold 09/11/08
06975242
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3
bedroom, 2 bath
Built
1957, 988 ft2
$177,500
Sale 07/28/05
$109,950
List 09/04/08
$106,850
Sold 10/31/08
07013723
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3 bedroom,
2 bath
Built
1960, 1,200 ft2
$170,000
Sale 11/02/06
$136,900
List 06/24/08
$110,000
Sold 08/08/08
06938509
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2 bedroom, 1
bath
Built
1950, 1,090 ft2
$150,000
Sale 7/30/03
$115,000
List 07/24/08
$110,000
Sold 10/31/08
06974775
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| Why
am I excited about single-family homes? Single-family
homes make great rentals - they're easier to rent! And imagine collecting rent without having to:
- Mow the lawn
- Shovel snow
- Pay for
- heat
- electric
- water
- sewer
- garbage
- minor repairs
Why am I excited about
buying foreclosures?
During my real estate career, I've
never seen prices this low. For years I've been listening to the
old-timers saying that single-family homes make the best rentals; too
bad they aren't affordable any longer.
Well, they're affordable now! My
rule-of-thumb is that monthly rents should equal (or exceed) 1% of the
property's purchase price. Right now, that's a realistic objective.
Why am I
enthusiastic about investing in Waukegan? Waukegan
is a large blue-collar community with a ready source of renters looking
for two or three bedroom homes. Right now Waukegan offers the best
balance of real estate values, rental rates and qualified renters. |
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Qualifications
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What
are YOU waiting for?
Contact me at 847-949-6045 or melmetts@gmail.com
to schedule a free appointment!
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MEL METTS |
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Graff Realty,
Inc. |
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28 W. Grand Avenue |
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Fox Lake, Illinois 60020 |
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Licensed R