This charming and well-kept 2-unit building is perfect for investors or owner-occupants! The property features one spacious 2-bed, 1-bath unit and one cozy 1-bed, 1-bath unit, offering great flexibility for tenants. Situated on a desirable corner lot, this property boasts a shared garage, providing extra convenience. Tenants will appreciate the new, free in-building washer and dryer, making laundry easy and cost-free! With excellent maintenance and strong rental potential, this is a fantastic opportunity you don't want to miss. Schedule your showing today!
Closed
$300,000
521 Lorraine Ave, Waukegan, IL 60085
3beds
--sqft
Multi Family
Built in 1931
-- sqft lot
$299,700 Zestimate®
$--/sqft
$1,855 Estimated rent
Home value
$299,700
$273,000 - $327,000
$1,855/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 23, 2025 at 01:01am
Listing courtesy of:
Laura Claussen 224-374-4527,
Baird & Warner
Bought with:
Humberto Millan Zavala
Netgar Investments Inc
Source: MRED as distributed by MLS GRID,MLS#: 12285783
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Features
- Fencing: Fenced
Lot
- Size: 6,969 sqft
- Features: Corner Lot
Details
- Parcel number: 08202030210000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Waukegan
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2025 | Sold | $300,000+1.7% |
Source:  MRED as distributed by MLS GRID #12285783 | ||
| 2/17/2025 | Contingent | $295,000 |
Source: MRED as distributed by MLS GRID #12285783 | ||
| 2/11/2025 | Listed for sale | $295,000+15.7% |
Source: MRED as distributed by MLS GRID #12285783 | ||
| 6/23/2023 | Sold | $255,000-3.8% |
Source: MRED as distributed by MLS GRID #11765796 | ||
| 5/25/2023 | Contingent | $265,000 |
Source: MRED as distributed by MLS GRID #11765796 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $5,022 +2.2% | $66,745 +25.3% |
| 2022 | $4,915 -4% | $53,255 +5.9% |
| 2021 | $5,121 -1.3% | $50,272 +9.9% |
Find assessor info on the county website
Neighborhood: 60085
Nearby schools
GreatSchools rating
- 5/10Hyde Park Elementary SchoolGrades: K-5Distance: 0.2 mi
- 1/10Miguel Juarez Middle SchoolGrades: 6-8Distance: 0.4 mi
- 1/10Waukegan High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: 60
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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