Closed

$540,000

1007 8th Street, Waukegan, IL 60085
14 Beds5 Baths6 days
1007 8th Street·Waukegan, IL 60085
14Bedrooms
5Bathrooms
1940Year Built
About This Home

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.

MLS# 12429828Listed August 5, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms14
Total Bathrooms5
Total Rooms22

Size & Structure

Year Built1940
Lot Size0.170 acres

Location

CountyLake
TownshipWaukegan
Zip Code60085

Financial

List Price$540,000
Annual Taxes (2024)$8,516
Monthly Tax Est.$710
Parcel #08283140070000
Interior Features

Heating

Natural GasElectricForced AirBaseboardRadiantRadiator(s)Sep Heating Systems - 2+Indv ControlsZoned

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off StreetDrivewayOn SiteOwned
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Carman-Buckner Elementary School
District: 60
Middle School
John R. Lewis Middle School
District: 60
High School
Waukegan High School
District: 60
Tax & Financial
Annual Taxes
$8,516
Tax Year 2024
Monthly Tax Est.
$710
per month
Property Location

1007 8th Street, Waukegan, IL 60085Lake County

$540,000
1007 8th Street
14 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
6 days on market
0.170 acres
$8,516/yr taxes
$3,548
estimated monthly payment
Principal & Interest
$2,838/mo
Property Tax
$710/mo
$540,000
20% — $108,000
3%50%
6.875%
3%12%
Loan Amount
$432,000
Down Payment
$108,000

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

Listed by
KOMAR
Agent: Nazar Mula
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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