Excellent Investment Opportunity or Owner-Occupant Duplex in a Convenient Waukegan Location! Welcome to this well-maintained two-story, income-producing property situated on a desirable corner lot in the heart of Waukegan. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this versatile property offers exceptional value and endless possibilities. The first-floor unit features 2 spacious bedrooms, a bright living room, a large family room, an eat-in kitchen, and a full bathroom, providing a comfortable and functional layout. The second-floor unit offers 2 bedrooms, a full bathroom, a sun-filled living room, a kitchen, and a charming enclosed sunroom that adds additional living space and natural light. Recent improvements include brand-new flooring throughout both units and every level, fresh interior paint, and a new roof on the detached two-car garage, making this property move-in ready while minimizing future maintenance.The full basement offers a shared laundry area and abundant storage space. Outside, you'll appreciate the fenced backyard, mature landscaping, and detached two-car garage, providing plenty of outdoor space for tenants or owners to enjoy. Conveniently located near Downtown Waukegan, Lake Michigan, Waukegan Harbor, Genesee Theatre, parks, shopping, restaurants, public transportation, and the Metra Union Pacific North Line, this home also offers easy access to Green Bay Road, IL-137, and I-94, making commuting to Chicago or Wisconsin simple. The area continues to benefit from ongoing redevelopment and community investment, adding long-term value and appeal. Please do not disturb the tenants. Showings are available by appointment only. A current mortgage pre-approval or proof of funds is required before a showing can be confirmed.
15 days
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886
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41
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Slawek Rachmaciej(847)903-2924,
Exit Realty Redefined
Source: MRED as distributed by MLS GRID,MLS#: 12697534
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Heating
Natural Gas, Steam
Features
Basement: Unfinished,Full
Property
Parking
Total spaces: 2
Parking features: No Garage, Yes, Garage Owned, Detached, Garage
Garage spaces: 2
Lot
Size: 4,250 Square Feet
Dimensions: 34X125
Features: Corner Lot
Details
Additional structures: Storage
Parcel number: 08163120150000
Zoning: MULTI
Special conditions: None
Other equipment: Ceiling Fan(s)
Construction
Type & style
Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family
Materials
Brick, Stucco
Foundation: Concrete Perimeter
Roof: Asphalt
Condition
New construction: No
Year built: 1940
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Curbs, Street Lights
Security: Carbon Monoxide Detector(s)
Location
Region: Waukegan
Financial & listing details
Tax assessed value: $190,117
Annual tax amount: $5,499
Date on market: 7/9/2026
Ownership: Fee Simple
Estimated market value
Zestimate®
$319,900
Estimated sales range
$304,000 - $336,000
Rent Zestimate®
$1,711/mo
Price history
Date
Event
Price
7/9/2026
Listed for sale
$324,900+9.4%
Source: MRED as distributed by MLS GRID #12697534Report a problem
3/26/2024
Sold
$297,000-0.5%
Source: MRED as distributed by MLS GRID #11976092Report a problem
3/5/2024
Pending sale
$298,500
Source: MRED as distributed by MLS GRID #11976092Report a problem
2/16/2024
Contingent
$298,500
Source: MRED as distributed by MLS GRID #11976092Report a problem
2/9/2024
Listed for sale
$298,500+181.6%
Source: MRED as distributed by MLS GRID #11976092Report a problem
1/30/2008
Sold
$106,000-19.7%
Source: MRED as distributed by MLS GRID #06521267Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.