Rare Opportunity in Waukegan! This unique two-homes-on-one-lot property, offers outstanding flexibility for investors or owner-occupants. Ideal for those looking to live in one home while renting the other, or for multi-generational living with separate residences on one parcel. The main home is a two-story residence featuring 3 bedrooms and 1.5 bathrooms, a spacious living room, separate dining area, and a full basement, providing excellent storage. The second home offers 2 bedrooms and 1 bathroom and is currently tenant-occupied, offering immediate rental income. A versatile property with long-term potential-perfect for expanding your portfolio or creating a smart living arrangement. Main home has new roof & siding (2025)! Schedule your showing today!
Closed
$250,000
515 May St, Waukegan, IL 60085
5beds
--sqft
Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$--/sqft
$3,055 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,055/mo
Zestimate® history
Owner options
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$3,055/mo
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$3,055/mo
Rent Zestimate®
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$1,960/mo
Est. payment
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$1,960/mo
Est. payment
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List your homeWhat's special
Two-story residenceSeparate dining area
Zillow last checked:
Listing updated:
Listing courtesy of:
Katelyn Garcell (630)999-0958,
Real Broker, LLC
Bought with:
Antonio D Campos
Keller Williams Success Realty
Source: MRED as distributed by MLS GRID,MLS#: 12534517
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Natural Gas
Features
- Basement: Unfinished,Partial
Property
Parking
- Total spaces: 4
- Parking features: Yes, Owned
Features
- Fencing: Fenced
Lot
- Size: 4,791 sqft
Details
- Additional structures: Second Residence
- Parcel number: 08283110340000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1915
- Major remodel year: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Waukegan
Other
Other facts
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2026 | Sold | $250,000+4.2% |
Source:  MRED as distributed by MLS GRID #12534517 Report a problem | ||
| 1/9/2026 | Contingent | $239,900 |
Source: MRED as distributed by MLS GRID #12534517 Report a problem | ||
| 1/1/2026 | Listed for sale | $239,900 |
Source: MRED as distributed by MLS GRID #12534517 Report a problem | ||
| 12/22/2025 | Contingent | $239,900 |
Source: MRED as distributed by MLS GRID #12534517 Report a problem | ||
| 12/18/2025 | Listed for sale | $239,900+128.5% |
Source: MRED as distributed by MLS GRID #12534517 Report a problem | ||
| 11/16/2021 | Sold | $105,000-34.4% |
Source: MRED as distributed by MLS GRID #11196584 Report a problem | ||
| 1/19/2021 | Listing removed | $160,000 |
Source:  MRED as distributed by MLS GRID #10966909 Report a problem | ||
| 1/1/2021 | Listed for sale | $160,000+700% |
Source: MRED as distributed by MLS GRID #10961315 Report a problem | ||
| 1/5/2016 | Sold | $20,000-20% |
Source: Public Record Report a problem | ||
| 12/4/2015 | Pending sale | $25,000 |
Source: RE/MAX Unlimited Northwest #09085479 Report a problem | ||
| 11/27/2015 | Price change | $25,000-16.7% |
Source: RE/MAX Unlimited Northwest #09085479 Report a problem | ||
| 11/13/2015 | Listed for sale | $30,000-68.4% |
Source: RE/MAX Unlimited Northwest #09085479 Report a problem | ||
| 11/5/2008 | Listing removed | $95,000 |
Source: Homes.com #06717222 Report a problem | ||
| 10/6/2008 | Listed for sale | $95,000 |
Source: Homes.com #06717222 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,700 +2.1% | $70,546 +7.4% |
| 2023 | $5,582 +52.6% | $65,685 +11% |
| 2022 | $3,659 -1.1% | $59,197 +58.4% |
| 2021 | $3,700 +7.1% | $37,372 +22.6% |
| 2020 | $3,455 -0.6% | $30,481 +9.1% |
| 2019 | $3,477 +53.4% | $27,931 +55.1% |
| 2018 | $2,267 | $18,010 +13% |
| 2017 | $2,267 -24.2% | $15,934 -19.4% |
| 2016 | $2,991 -2.9% | $19,781 +11.7% |
| 2015 | $3,079 +0.1% | $17,704 -2.7% |
| 2014 | $3,077 -19.3% | $18,187 -7.7% |
| 2012 | $3,813 +45.5% | $19,703 -45.7% |
| 2011 | $2,621 +16.5% | $36,308 +81.3% |
| 2010 | $2,250 +9.2% | $20,022 -62.8% |
| 2009 | $2,061 -58.6% | $53,846 -2.8% |
| 2008 | $4,981 +17.7% | $55,392 +19.2% |
| 2006 | $4,232 +3.2% | $46,458 |
| 2005 | $4,100 +1.8% | -- |
| 2004 | $4,026 +4% | -- |
| 2003 | $3,870 +10.5% | -- |
| 2002 | $3,501 | -- |
| 2001 | -- | $35,670 +1.3% |
| 2000 | $2,868 | $35,207 |
Find assessor info on the county website
Neighborhood: South Sheridan
Nearby schools
GreatSchools rating
- 3/10Carman-Buckner Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Thomas Jefferson Middle SchoolGrades: 6-8Distance: 1 mi
- 1/10Waukegan High SchoolGrades: 9-12Distance: 0.9 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.
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