1007 8th Street Save Request In-Person Tour Request Virtual Tour
Waukegan,IL 60085
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12429828
Bedrooms 14
Year Built 1940
Annual Tax Amount $8,516
Tax Year 2024
Lot Size 7,405 Sqft
Lot Dimensions 50X150
Property Sub-Type Two to Four Units
Property 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.
Location
State IL
County Lake
Community Curbs,Sidewalks,Street Lights,Street Paved
Rooms
Basement Unfinished,Full
Interior
Heating Natural Gas,Electric,Forced Air,Baseboard,Radiant,Radiator(s),Sep Heating Systems - 2+,Indv Controls,Zoned
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
Elementary Schools Carman-Buckner Elementary School
Middle Schools John R. Lewis Middle School
High Schools Waukegan High School
School District 60,60,60
Others
Ownership Fee Simple
Special Listing Condition None