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  • $485,000

    1007 8th St, Waukegan, IL 60085

    14beds
    --sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $486,900 Zestimate®
    $--/sqft
    $1,764 Estimated rent

    Owner options

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    $1,764/mo

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    $1,764/mo

    Rent Zestimate®

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    $3,561/mo

    Est. payment

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    $3,561/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: September 15, 2025 at 08:53am

    Listing courtesy of:

    Nazar Mula 224-432-8329,

    KOMAR

    Bought with:

    Jaely Pratt-Oropeza

    Keller Williams Innovate - Aurora

    Source: MRED as distributed by MLS GRID,MLS#: 12429828MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Natural Gas, Electric, Forced Air, Baseboard, Radiant, Radiator(s), Sep Heating Systems - 2+, Indv Controls, Zoned
    Appliances
    • Included: Multiple Water Heaters, Gas Water Heater
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 8
    • Parking features: Off Street, Driveway, On Site, Owned
    • Has uncovered spaces: Yes
    Lot
    • Size: 7,405 sqft
    • Dimensions: 50X150
    Details
    • Parcel number: 08283140070000
    • Special conditions: None
    • Other equipment: Sump Pump

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1940
    • Major remodel year: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s)
    Community
    • Community features: Curbs, Sidewalks, Street Lights, Street Paved
    Location
    • Region: Waukegan

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple