Multi-family gem in Waukegan's South Sheridan area, this two unit flat featuring 2 bedrooms on the 1st floor and 3 bedrooms on the 2nd floor in a generous lot with detached garage. Features forced-air gas heating, central cooling, and all essential appliances. Live in one unit and rent the other! Generate passive income while maintaining comfortable owner-occupancy. Excellent cash flow potential and strong local demand. Whether you're a seasoned investor or first-time buyer, this property offers a smart path to income and equity. Don't miss it!
Closed
$263,097
512 Powell Ave, Waukegan, IL 60085
5beds
--sqft
Multi Family
Built in 1910
-- sqft lot
$272,700 Zestimate®
$--/sqft
$1,765 Estimated rent
Home value
$272,700
$245,000 - $303,000
$1,765/mo
Zestimate® history
Owner options
List your home for rent
$1,765/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,765/mo
Rent Zestimate®
Refinance and save
$1,991/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,991/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listing courtesy of:
Rocio Mena 224-489-4046,
HomeSmart Connect LLC
Bought with:
Luisa Martinez
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12447591
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 6,750 sqft
- Dimensions: 135 X 50
Details
- Parcel number: 08281180160000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Waukegan
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Sold | $263,097+504.8% |
Source:  MRED as distributed by MLS GRID #12447591 Report a problem | ||
| 10/2/2015 | Sold | $43,500-39.2% |
Source: Public Record Report a problem | ||
| 9/30/2008 | Sold | $71,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,801 +2.4% | $71,611 +7.4% |
| 2023 | $5,665 +22.4% | $66,677 +11% |
| 2022 | $4,629 +9.3% | $60,075 +26.9% |
| 2021 | $4,236 +6.7% | $47,351 +35.2% |
| 2020 | $3,970 -0.6% | $35,026 +9.1% |
| 2019 | $3,996 +24.2% | $32,095 +25.5% |
| 2018 | $3,217 | $25,564 +13% |
| 2017 | $3,217 +2.3% | $22,617 +8.7% |
| 2016 | $3,145 +2.1% | $20,799 +11.7% |
| 2015 | $3,081 +7.6% | $18,615 +2.3% |
| 2014 | $2,863 -10.4% | $18,195 -11.8% |
| 2012 | $3,196 -22.5% | $20,640 -34.4% |
| 2011 | $4,122 +26.6% | $31,454 +8.6% |
| 2010 | $3,255 +16.4% | $28,966 -0.7% |
| 2009 | $2,796 +30.5% | $29,160 -51.9% |
| 2008 | $2,143 -54.3% | $60,682 +7.5% |
| 2006 | $4,688 +3.6% | $56,464 |
| 2005 | $4,523 +2.1% | -- |
| 2004 | $4,429 +1.2% | -- |
| 2003 | $4,375 +32.4% | -- |
| 2002 | $3,304 +10.8% | -- |
| 2001 | $2,982 +11.3% | $36,964 +1.6% |
| 2000 | $2,678 | $36,382 |
Find assessor info on the county website
Neighborhood: South Sheridan
Nearby schools
GreatSchools rating
- 3/10Carman-Buckner Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Thomas Jefferson Middle SchoolGrades: 6-8Distance: 0.8 mi
- 1/10Waukegan High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Illinois
- Lake County
- Waukegan
- 60085
- South Sheridan
- 512 Powell Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Waukegan Topics
