IL > Waukegan
Waukegan, IL 60085,1007 8th Street
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Waukegan, IL 60085,1007 8th Street
Waukegan, IL 60085,1007 8th Street
Waukegan, IL 60085,1007 8th Street
Waukegan, IL 60085,1007 8th Street
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Bruce Glazer

Bruce Glazer

+1(765) 914-8199
Listed by Nazar Mula • KOMAR
$ 540,000
Est. payment /mo
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Active Under Contract

1007 8th Street Waukegan, IL 60085

14 Beds

7,405 Sqft Lot

UPDATED:

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

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agent

Bruce Glazer

+1(765) 914-8199

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1007 8th Street