1007 8th Street, Waukegan, IL 60085

Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1007 8th Street,Waukegan, IL 60085
$540,000
  • 14 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:nazar mula
Office:komar
MLS#:12429828
Source:MLSNI

Price summary

  • Price:$540,000

About this home

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.

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Home facts

  • Year built:1940
  • Listing Id #:12429828
  • Added:9 day(s) ago
  • Updated:August 13, 2025 at 07:45 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:5
  • Full bathrooms:5

Heating and cooling

  • Heating:Baseboard, Electric, Forced Air, Individual Room Controls, Natural Gas, Radiant, Radiator(s), Sep Heating Systems - 2+, Zoned

Structure and exterior

  • Year built:1940
  • Lot area:0.17 Acres

Schools

  • High school:Waukegan High School
  • Middle school:John R. Lewis Middle School
  • Elementary school:Carman-Buckner Elementary School

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$540,000
  • Tax amount:$8,516 (2024)
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