1007 8th Street, Waukegan, Illinois 60085
$485,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 14 |
| Baths: | 0 |
| Year Built: | 1940 |
| Property Taxes: | $8,516 |
| Days On Market: | 55 |
| Lot Size: | 0,17 |
Description
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1940 | |
| — | |
| — | |
| No | |
| 0.17 |
| Lake | |
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| — / — | |
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| — | |
| 12429828 | |
| 08283140070000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Carman-buckner Elementary School |
60 | — | |
|
Middle School
John R. Lewis Middle School |
60 | Not in DB | |
|
High School
Waukegan High School |
60 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 10 Nov, 2008 | Sold | $39,000 | MRED MLS |
| 14 Oct, 2008 | Under contract | $76,000 | MRED MLS |
| 29 Sep, 2008 | Listed for sale | $76,000 | MRED MLS |
| 13 Mar, 2015 | Sold | $99,000 | MRED MLS |
| 14 Jan, 2015 | Under contract | $99,000 | MRED MLS |
| 7 Jan, 2015 | Listed for sale | $99,000 | MRED MLS |
| 28 Jun, 2024 | Sold | $386,000 | MRED MLS |
| 21 May, 2024 | Under contract | $369,130 | MRED MLS |
| 15 May, 2024 | Listed for sale | $369,130 | MRED MLS |
| 12 Sep, 2025 | Sold | $485,000 | MRED MLS |
| 10 Aug, 2025 | Under contract | $540,000 | MRED MLS |
| 5 Aug, 2025 | Listed for sale | $540,000 | MRED MLS |
Room Specifics
Total Bedrooms: 14
Bedrooms Above Ground: 14
Bedrooms Below Ground: 0
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Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
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Other Specifics
| — | |
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| 50X150 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2008 | $7,063 |
| 2015 | $5,230 |
| 2024 | $7,495 |
| 2025 | $8,516 |
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Listing Provided By
KOMAR
