Closed

$485,000

1007 8th St, Waukegan, IL 60085

14beds

--sqft

Multi Family

Built in 1940

-- sqft lot

$503,700 Zestimate^®

$--/sqft

$1,774 Estimated rent

Home value

$503,700

$453,000 - $559,000

$1,774/mo

Zestimate^® history

Owner options

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$1,774/mo

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$1,774/mo

Rent Zestimate^®

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$3,717/mo

Est. payment

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$3,717/mo

Est. payment

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What's special

Copper pipesPrivate driveway parkingNew flooringPvc drainage

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 5
Full bathrooms: 5

Heating

Natural Gas, Electric, Forced Air, Baseboard, Radiant, Radiator(s), Sep Heating Systems - 2+, Indv Controls, Zoned

Appliances

Included: Multiple Water Heaters, Gas Water Heater

Features

Basement: Unfinished,Full

Property

Parking

Total spaces: 8
Parking features: Off Street, Driveway, On Site, Owned
Has uncovered spaces: Yes

Lot

Size: 7,405 Square Feet
Dimensions: 50X150

Details

Parcel number: 08283140070000
Special conditions: None
Other equipment: Sump Pump

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Concrete Perimeter

Condition

New construction: No
Year built: 1940
Major remodel year: 2025

Utilities & green energy

Sewer: Public Sewer
Water: Lake Michigan

Community & HOA

Community

Features: Curbs, Sidewalks, Street Lights, Street Paved
Security: Carbon Monoxide Detector(s)

Location

Region: Waukegan

Financial & listing details

Tax assessed value: $294,438
Annual tax amount: $8,516
Date on market: 8/5/2025
Listing terms: Conventional
Ownership: Fee Simple

Price history

Date	Event	Price
9/12/2025	Sold	$485,000-10.2%
Source: MRED as distributed by MLS GRID #12429828 Report a problem
8/10/2025	Contingent	$540,000
Source: MRED as distributed by MLS GRID #12429828 Report a problem
8/5/2025	Listed for sale	$540,000+39.9%
Source: MRED as distributed by MLS GRID #12429828 Report a problem
6/28/2024	Sold	$386,000+4.6%
Source: MRED as distributed by MLS GRID #12057536 Report a problem
5/22/2024	Contingent	$369,130
Source: MRED as distributed by MLS GRID #12057536 Report a problem
5/15/2024	Listed for sale	$369,130+272.9%
Source: MRED as distributed by MLS GRID #12057536 Report a problem
3/19/2015	Sold	$99,000+153.8%
Source: Public Record Report a problem
12/10/2008	Sold	$39,000-80.3%
Source: Public Record Report a problem
4/12/2000	Sold	$198,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$8,516 +2.1%	$127,514 +29.9%
2023	$8,340 +11.3%	$98,136 +11%
2022	$7,495 +14.8%	$88,441 +15.4%
2021	$6,530 +7.2%	$76,670 +42.7%
2020	$6,090 -0.6%	$53,727 +9.1%
2019	$6,129 +9.8%	$49,232 +11%
2018	$5,584	$44,366 +13%
2017	$5,584 +8.3%	$39,253 +15.1%
2016	$5,157 -1.5%	$34,109 +11.7%
2015	$5,234 +0.1%	$30,528 -1.2%
2014	$5,230	$30,914

Find assessor info on the county website

Neighborhood: South Sheridan

Nearby homes

Nearby schools

GreatSchools rating

3/10
Carman-Buckner Elementary School
Grades: PK-5Distance: 0.5 mi
4/10
Thomas Jefferson Middle School
Grades: 6-8Distance: 0.7 mi
1/10
Waukegan High School
Grades: 9-12Distance: 1 mi

Schools provided by the listing agent

Elementary: Carman-Buckner Elementary School
Middle: John R. Lewis Middle School
High: Waukegan High School
District: 60

Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.