$485,000
$540,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
1007 8th ST Waukegan, IL 60085
14 Beds
5 Baths
7,405 Sqft Lot
Key Details
Sold Price $485,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12429828
Bedrooms 14
Year Built 1940
Annual Tax Amount $8,516
Tax Year 2024
Lot Size 7,405 Sqft
Property Sub-Type Two to Four Units
Property Description
HIGH cash-flowing investment opportunity - ideal for owner-occupants, first-time, or seasoned investors. ***Rental income and NOI do not include the 4th unit, which was owner-occupied. Fully rented, the potential gross income is $7,365/month with a projected NOI of $82,000+. Strong potential to increase rents.*** Three out of four units have been fully rehabbed, featuring new flooring, paint, cabinets, bathrooms, and appliances. All units are equipped with new window A/C units and keypad locks on every door for added convenience and security. 4 new water heaters. Copper pipes and PVC drainage throughout the whole building. Additional storage and possibility of coin laundry for additional income. All windows were changed in the past 5 years. Private driveway parking accommodates 8 vehicles. AS-IS sale.
Location
State IL
County Lake
Area Park City / Waukegan
Interior
Heating Natural Gas, Electric, Forced Air, Baseboard, Radiant, Radiator(s), Sep Heating Systems - 2+, Indv Controls, Zoned
Equipment CO Detectors, Sump Pump, Multiple Water Heaters, Water Heater-Gas
Exterior
Community Features Curbs, Sidewalks, Street Lights, Street Paved
Building
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
Elementary Schools Carman-Buckner Elementary School
Middle Schools John R. Lewis Middle School
High Schools Waukegan High School
School District 60 , 60, 60
Others
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Jaely Pratt-Oropeza • Keller Williams Innovate - Aurora
