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$369,130   Price Analysis
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1007 8th St
Waukegan, IL 60085
14 bed 5 bath 4,400 SqFt ($83/SqFt)
5,000SqFt lot. Built 1940
Listed 2024-05-15, Taxes $6,530
Ⓧ USDA Ineligible
due to location

near Waukegan

Fully rented and cash flowing.

* Has Contingent Offer *

All units updated. Major components done in 2008. Some deferred maintenance needed.

Owner is an Illinis licensed Managing Broker.


Presented by PHILLIP MAZUR at
Right At Home Realty Illinois, Llc.
Listing Agent Photo

Property MLS #12057536 from MRED

Bedrooms: 14
Bedrooms Possible: 14

Total Rooms: 22
Basement Features: Full
Basement Description: Unfinished

Total Bathrooms: 5
Full Bathrooms: 5

Heating Features: Natural Gas, Electric, Forced Air, Baseboard, Radiant, Radiator(s), Sep Heating Systems - 2+, Indv Controls, Zoned

Lot Size Acres: 0.1147842
Lot Size Dimensions: 50X100
Lot Size Square Feet: 5000

Parking Features: Off Alley, Off Street
Parking Total: 5

Association: No
Calculated Total Monthly Association Fees: 0

High School District: 60

Carman-Buckner Elementary School is a public elementary school located approximately 0.4 miles away.
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Thomas Jefferson Middle School is a public middle school located approximately 0.7 miles away.
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Waukegan High School is a public high school located approximately 1.6 miles away.
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Lake Shore Academy is a private elementary, middle and high school located approximately 0.6 miles away.
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Lake Shore Academy - Life Skills is a private elementary, middle and high school located approximately 0.6 miles away.
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Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 4
Bedrooms in Unit-4: 4
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 2
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Total Rooms in Unit-3: 6
Total Rooms in Unit-4: 6
Unit-1 Square Feet: 1100
Unit-2 Square Feet: 1100
Unit-3 Square Feet: 1100
Unit-4 Square Feet: 1100
Unit 1 Total Actual Rent: 1300
Unit 2 Total Actual Rent: 1000
Unit 3 Total Actual Rent: 1050
Unit 4 Total Actual Rent: 1100

Annual Tax Amount: 7495.00
Source Listing Status: Active Under Contract
County: Lake
Directions: Belvidere to Jackson, S to 8th St, E to 1007 on S side of st
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 08283140070000
Township: Waukegan
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$56,709 + $5,929
$62,638
$6,530
2020$48,194 + $5,533
$53,727
$6,090
2019$44,162 + $5,070
$49,232
$6,129
2018$39,768 + $4,598
$44,366
$5,888
2017$35,185 + $4,068
$39,253
$5,583
2016$30,574 + $3,535
$34,109
$5,270
2015$27,364 + $3,164
$30,528
$5,156
2014$27,364 + $3,164
$30,528
$5,233
2013$27,710 + $3,204
$30,914
$5,230
2012$34,221 + $3,957
$38,178
$6,100
2011$30,659 + $4,580
$35,239
$4,617
2010$35,468 + $5,629
$41,097
$4,618
2009$6,681 + $5,955
$12,636
$1,211
2008$3,706 + $6,126
$9,832
$884
2007$75,461 + $5,878
$81,339
$7,222
2006$73,263 + $4,281
$77,544
$7,063

Listed 2024-05-15
$369,130
MRED
Sold 2015-03-19
$99,000
Public Record
Sold 2008-12-10
$39,000
Public Record
Listing removed 2008-09-24
$76,000
MRED
Listed 2008-05-26
$76,000
MRED
Sold 2003-09-08
$215,300
Public Record

Net Operating Income: 45600

Year Built: 1940
Property Age: 84

Sewer: Public Sewer
Water Source: Lake Michigan

Other Equipment: CO Detectors, Sump Pump, Multiple Water Heaters, Water Heater-Gas
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.