ClosedPrice Reduced

$259,900

$279,900
505 Lorraine Avenue, Waukegan, IL 60085
3 Beds1 Baths1,422 sqft100 days
505 Lorraine Avenue·Waukegan, IL 60085
3Bedrooms
1Bathrooms
1,422Sq Ft
1948Year Built
About This Home

Move-in ready 3 bedroom & 1 bathroom cape cod. Main floor has hardwood floors throughout most of the rooms including the living room & 2 bedrooms. Eat-in kitchen. 1st floor full bath. 2nd floor private 3rd bedroom with hardwood floors & 2 closets. All bedrooms have ceiling fans.Large basement family room with bar. Basement utility room with washer & dryer. Private back yard with extra-large 2-car heated garage off rear alley. Come visit your new home today!

MLS# 12564215Listed February 9, 2026ResidentialCape CodSubdivision: Lorraine Terrace
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms1
Full Baths1
Half Baths0
Total Rooms6

Size & Structure

Living Area1,422 sqft
Garage Spaces2
Year Built1948
Lot Size5750

Location

CountyLake
TownshipWaukegan
SubdivisionLorraine Terrace
Zip Code60085

Financial

List Price$259,900
Original Price$279,900
Price / Sq Ft$183
Annual Taxes (2024)$3,870
Monthly Tax Est.$323
Parcel #08202120040000
Interior Features

Appliances

RangeMicrowaveRefrigeratorWasherDryer

Flooring

Hardwood

Heating

Natural GasForced Air

Cooling

Central Air

Basement

Partially FinishedFull
Exterior & Lot

Construction

Aluminum Siding
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Off AlleyHeated GarageYesGarage OwnedDetachedGarage
Schools
Elementary
Hyde Park Elementary School
District: 60
Middle School
Miguel Juarez Middle School
District: 60
High School
Waukegan High School
District: 60
Tax & Financial
Annual Taxes
$3,870
Tax Year 2024
Monthly Tax Est.
$323
per month
Price per Sq Ft
$183
per square foot
Price Reduced by $20,000
Original list price: $279,900
Property Location

505 Lorraine Avenue, Waukegan, IL 60085 — Lake County

$259,900
$183 / sqft
505 Lorraine Avenue
3 bd1 ba1,422 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
100 days on market
2-car garage
5750
$3,870/yr taxes
Price reduced $20,000
$1,688
estimated monthly payment
Principal & Interest
$1,366/mo
Property Tax
$323/mo
$259,900
20% — $51,980
3%50%
6.875%
3%12%
Loan Amount
$207,920
Down Payment
$51,980

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

Listed by
Chase Real Estate LLC
Agent: Michael Bodden
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