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.
Closed
$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
What's special
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#: 12429828
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