ACTIVE UNDER CONTRACT

$479,000

10-12 Park,Waukegan, IL 60085
8 Beds4 Baths8 days on market
10-12 Park·Waukegan, IL 60085
8Bedrooms
4Bathrooms
1910Year Built

About This Home

Income-producing side-by-side duplex offering rare three levels of living space per unit, ideal for investors or owner-occupants. Excellent house-hacking opportunity - live in one unit while generating rental income from the other. Current rents are below market value, reflecting long-term, high-quality tenants and providing future upside potential. Both units are currently occupied, with tenants interested in remaining. Tenant is responsible for water. Each unit features 3 bedrooms, 2 full bathrooms, plus a third-floor bonus room, enhancing rental appeal and flexibility. The main level includes a living room, dining room, and open-concept kitchen. The side-by-side configuration minimizes shared walls, offering increased privacy and reduced noise transfer. Separate utilities for each unit include electric, furnace, central A/C, and water heater. New central A/C installed in July 2022. Recent improvements include windows, roof, gutters, soffits, and fascia (2022). Newer appliances (2025) installed at 12 N Park Ave, sewer line professionally addressed (2025), and units have been well maintained, helping minimize near-term capital expenses. The property features strong curb appeal, two separate private driveways providing ample parking, and full unfinished basements for each unit. Located in a quiet residential setting with convenient access to restaurants, major highways, Gurnee Mills, Six Flags, Wisconsin access, downtown Chicago, casinos, hospitals, city hall, police station, and just steps from Ray Bradbury Park. Rare opportunity offering strong rental demand, flexibility, and long-term investment potential.

MLS# MRD12543091Listed February 12, 2026Residential IncomeColonial

Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms12

Size & Structure

Year Built1910
Lot Size4792 SF

Location

CountyLake
TownshipWaukegan
Zip Code60085

Financial

List Price$479,000
Annual Taxes (2024)$5,809
Monthly Tax Est.$484
Parcel #08213021100000

Interior Features

Heating

Forced Air

Basement

UnfinishedFull

Exterior & Lot

Construction Materials

Vinyl Siding

Roof

Asphalt

Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking Features

Off StreetDrivewayYesOwned

Tax & Financial Info

Annual Taxes
$5,809
Tax Year 2024
Monthly Tax Est.
$484
per month

Property Location

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10-12 Park, Waukegan, IL 60085Lake County

$479,000
10-12 Park
8 bd4 ba
VL
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Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts

8 days on market
4792 SF
$5,809/yr taxes
$3,001
estimated monthly payment
Principal & Interest
$2,517/mo
Property Tax
$484/mo
$479,000
20% — $95,800
3%50%
6.875%
3%12%
Loan Amount
$383,200
Down Payment
$95,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner
Agent: Jinhee Yang
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Equal Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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