Bought with Jaely Pratt-Oropeza of Keller Williams Innovate - Aurora
$485,000
$540,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
1007 8th Street Waukegan, IL 60085
14 Beds
7,405 Sqft Lot
Key Details
Sold Price $485,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12429828
Sold Date 09/12/25
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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