This charming and well-kept 2-unit building is perfect for investors or owner-occupants! The property features one spacious 2-bed, 1-bath unit and one cozy 1-bed, 1-bath unit, offering great flexibility for tenants. Situated on a desirable corner lot, this property boasts a shared garage, providing extra convenience. Tenants will appreciate the new, free in-building washer and dryer, making laundry easy and cost-free! With excellent maintenance and strong rental potential, this is a fantastic opportunity you don't want to miss. Schedule your showing today!
Closed
$300,000
521 Lorraine Ave, Waukegan, IL 60085
3beds
--sqft
Multi Family
Built in 1931
-- sqft lot
$309,300 Zestimate®
$--/sqft
$1,794 Estimated rent
Home value
$309,300
$278,000 - $340,000
$1,794/mo
Zestimate® history
Owner options
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$1,794/mo
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$1,794/mo
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$2,306/mo
Est. payment
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$2,306/mo
Est. payment
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List your homeWhat's special
Corner lotShared garage
Zillow last checked:
Listing updated:
Listed by:
Laura Claussen 847-726-2100,
Baird & Warner
Bought with:
Humberto Millan Zavala
Netgar Investments Inc
Source: MRED as distributed by MLS GRID,MLS#: 12285783
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Features
- Fencing: Fenced
Lot
- Size: 6,969 Square Feet
- Features: Corner Lot
Details
- Parcel number: 08202030210000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waukegan
Financial & listing details
- Tax assessed value: $200,255
- Annual tax amount: $5,021
- Date on market: 2/11/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2025 | Sold | $300,000+1.7% |
Source:  MRED as distributed by MLS GRID #12285783 Report a problem | ||
| 2/17/2025 | Contingent | $295,000 |
Source: MRED as distributed by MLS GRID #12285783 Report a problem | ||
| 2/11/2025 | Listed for sale | $295,000+15.7% |
Source: MRED as distributed by MLS GRID #12285783 Report a problem | ||
| 6/23/2023 | Sold | $255,000-3.8% |
Source: MRED as distributed by MLS GRID #11765796 Report a problem | ||
| 5/25/2023 | Contingent | $265,000 |
Source: MRED as distributed by MLS GRID #11765796 Report a problem | ||
| 5/24/2023 | Listed for sale | $265,000 |
Source: MRED as distributed by MLS GRID #11765796 Report a problem | ||
| 5/15/2023 | Contingent | $265,000 |
Source: MRED as distributed by MLS GRID #11765796 Report a problem | ||
| 5/10/2023 | Listed for sale | $265,000 |
Source: MRED as distributed by MLS GRID #11765796 Report a problem | ||
| 5/4/2023 | Contingent | $265,000 |
Source: MRED as distributed by MLS GRID #11765796 Report a problem | ||
| 4/22/2023 | Listed for sale | $265,000+180.4% |
Source: MRED as distributed by MLS GRID #11765796 Report a problem | ||
| 3/21/2013 | Sold | $94,500-5.4% |
Source: Public Record Report a problem | ||
| 2/1/2013 | Pending sale | $99,900 |
Source: RE/MAX Showcase #08257388 Report a problem | ||
| 1/26/2013 | Listed for sale | $99,900 |
Source: RE/MAX Showcase #08257388 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,797 +15.4% | $73,060 +9.5% |
| 2023 | $5,022 +2.2% | $66,745 +25.3% |
| 2022 | $4,915 -4% | $53,255 +5.9% |
| 2021 | $5,121 -1.3% | $50,272 +9.9% |
| 2020 | $5,187 -0.6% | $45,759 +9.1% |
| 2019 | $5,220 +13.5% | $41,930 +14.7% |
| 2018 | $4,600 | $36,550 +13% |
| 2017 | $4,600 +8.3% | $32,336 +15.1% |
| 2016 | $4,248 -4.5% | $28,099 +10.4% |
| 2015 | $4,447 +26.8% | $25,457 -3.1% |
| 2014 | $3,507 +1.2% | $26,264 -7.7% |
| 2012 | $3,464 -7.6% | $28,455 -34.9% |
| 2011 | $3,751 -29.1% | $43,686 -17.5% |
| 2010 | $5,288 +1.5% | $52,940 -12.2% |
| 2009 | $5,207 +2.4% | $60,311 -2.8% |
| 2008 | $5,084 +6.8% | $62,042 +8.4% |
| 2006 | $4,759 +4.5% | $57,240 |
| 2005 | $4,552 +3.7% | -- |
| 2004 | $4,389 +1.8% | -- |
| 2003 | $4,309 +24.2% | -- |
| 2002 | $3,469 +11.4% | -- |
| 2001 | $3,115 +14% | $38,461 +3.8% |
| 2000 | $2,733 | $37,057 |
Find assessor info on the county website
Neighborhood: 60085
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Nearby schools
GreatSchools rating
- 5/10Hyde Park Elementary SchoolGrades: K-5Distance: 0.2 mi
- 2/10Miguel Juarez Middle SchoolGrades: 6-8Distance: 0.4 mi
- 1/10Waukegan High SchoolGrades: 9-12Distance: 0.8 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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- Illinois
- Lake County
- Waukegan
- 60085
- 521 Lorraine Ave
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