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$479,000 Just Listed
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Property Description
Income-producing side-by-side duplex offering a rare three levels of living space per unit, ideal for investors or owner-occupants. A strong house-hacking opportunity-live in one unit while renting the other. Rents are below market, as the landlord prioritized long-term, high-quality tenants, creating clear upside potential. Both units are currently occupied, with tenants willing to stay. Each unit features 3 bedrooms, 2 full baths, plus a third-floor bonus room, maximizing rental appeal. The main level includes a living room, dining room, and open-concept kitchen. The side-by-side layout minimizes shared walls, offering enhanced privacy and reduced noise transfer between units. Separate utilities for each unit include electric, furnace, central A/C, and water heater. New central A/C installed July 2022. Recent improvements include windows, roof, gutters, soffits, and fascia (2022). 12 N Park Ave, Newer appliances (2025) have been installed, the sewer line was professionally addressed (2025), and the units have been well maintained throughout, minimizing near-term expenses. The property offers great curb appeal, ample parking with private driveways, and full unfinished basements for each unit. Located in a quiet residential setting with easy access in and out, yet conveniently close to restaurants, major highways, Gurnee Mills, Six Flags, Wisconsin access, downtown Chicago, casinos, hospitals, city hall, police station, and steps from Ray Bradbury Park. A rare opportunity offering strong rental demand, flexibility, and long-term investment upside.
Full Property Details
Full Property Details for 10-12 N Park Ave
General
- Price: $479,000
- Taxes: $5,809 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12543091
- Updated: Today (2/12/2026)
- Added to Site: Today
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 8
Additional Information
- Equipment: Ceiling Fan(s)
Parking
- Total Spaces: 6
- Parking Features: Off-Street, Driveway, Yes, Owned
Location
- Area: Park City / Waukegan
- County: Lake
- Township: Waukegan
- Driving Directions: Washington & Jackson East to N. Park Ave than take a left.
School Information
- School District: 60
- Elem School District: 60
- Midd School District: 60
- High School District: 60
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Roof: Asphalt
- Year Built: 1910
- Built Before 1978: Yes
- Remodeled/Updated: 2022
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 4792 SF
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1910
- Tax Amount: $5,809
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 8213021100000
Listed by Baird & Warner
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Price & Sales History for 10-12 N Park Ave
Date
Details
Price
Change
Source
2/12/2026
Listed
$479,000
72.3%
MLS
12/09/2022
Sold
$278,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 10-12 N Park Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,509
-43%
$66,941
15%
2023
$9,731
10%
$58,426
-41%
2022
$8,869
-1%
$99,537
17%
2021
$8,984
-1%
$85,068
7%
2020
$9,041
—
$79,251
9%
2019
$9,041
25%
$72,621
33%
2018
$7,230
5%
$54,471
13%
2017
$6,855
6%
$48,191
15%
2016
$6,471
80%
$41,876
97%
2015
$3,598
190%
$21,300
—
2014
$1,242
-81%
$21,300
-44%
2013
$6,470
1%
$38,243
-5%
2012
$6,415
—
$40,144
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 10-12 N Park Ave
10-12 N Park Avenue, Waukegan, IL 60085 (MLS# 12543091) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 10-12 N Park Avenue is currently listed for $479,000 and was received on February 12, 2026. Want to learn more about 10-12 N Park Avenue? Do you have questions about finding other Multi-Family real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.
