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513 Lake Street

Crystal Lake, IL 60014

5 beds
4 baths
– sqft
7,841 sqft lot
1946 build
– on site

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!!!

Listing courtesy of MRED / GC Realty and Development as distributed by MLS GRID

Last checked: Checking… • Last updated Jan 22, 2025 •

MLS# 12271127 —

The Building

Year Built:

1946
Rebuilt:

No
New Construction:

false
Architectural Style:

Traditional, Colonial
Model:

RARE 3 UNIT
Roof:

Asphalt
Basement:

Full
Foundation Details:

Block, Concrete Perimeter
Exterior Features:

Deck, Storms/Screens, Cable Access, Other
Other Equipment:

TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters

Interior

Rooms Total:

15

Location

Directions:

West Virginia Street (Route 14) To Dole Ave To Lake Street
Location:

1166

The Property

Parcel Number:

1906278011
Property Type:

Residential Income
Location:

A
Lot Features:

Legal Non-Conforming
Lot Size Dimensions:

66 X 115
Lot Size Acres:

0.18
Waterfront:

false
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

10135

Beds

Bedrooms Total:

5
Bedrooms Possible:

5

Baths

Baths:

4
Full Baths:

3
Half Baths:

1

The Listing

Special Listing Conditions:

List Broker Must Accompany, Standard

Heating & Cooling

Heating:

Natural Gas, Forced Air, Space Heater, Sep Heating Systems - 2+, Indv Controls

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Canterbury Elementary School
Elementary School District:

47
Middle Or Junior School:

Hannah Beardsley Middle School
Middle Or Junior School District:

47
High School:

Crystal Lake South High School
High School District:

155

The Community

Community Features:

Park, Lake, Water Rights, Sidewalks, Street Lights, Street Paved

Parking

Parking Total:

8
Parking Features:

Unassigned
Parking Onsite:

Yes
Parking Ownership:

Owned
Garage Type:

Detached
Garage Spaces:

4
Garage Onsite:

Yes
Garage Ownership:

Owned

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
1/21/25 Jan 21, 2025	Listed / Active	MRED	$409,000	46.6% (10.4% / YR)
7/31/20 Jul 31, 2020		MRED	$279,000

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This multifamily located in Leonard Manor, Crystal Lake, IL 60014 is currently for sale for $409,000. 513 Lake Street is a – square foot multifamily with 5 beds and 4 baths that has been on Estately for 0 days. 513 Lake Street is in the Leonard Manor neighborhood of Crystal Lake and has a WalkScore® of 63, making it somewhat walkable. This multifamily is in the attendance area of South Elementary School, Crystal Lake Central High School, and Richard F Bernotas Middle School.

Listing courtesy of MRED, GC Realty and Development, and Jeff Richter as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Jan 22, 2025, 02:15 am. 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.