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$485,000

  • Sold
  • Closed
  • Multi-Family
  • 14 Total Beds
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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.

Full Property Details for 1007 8th St

General

  • Sold For: $485,000
  • Taxes: $8,516 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12429828
  • Added to Site: 164 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 14

Additional Information

  • Equipment: Carbon Monoxide Detectors, Sump Pump, Multiple Water Heaters, Water Heater-Gas
  • Other Features: School Bus Service, Commuter Bus, Interstate Access

Parking

  • Total Spaces: 8
  • Parking Features: Off-Street, Driveway, On Site, Owned
  • Parking On-Site: Yes

Location

  • Area: Park City / Waukegan
  • County: Lake
  • Driving Directions: Belvidere to Jackson, S to 8th St, E to 1007 on S side of st

School Information

  • School District: 60
  • Midd School District: 60
  • Elementary School: Carman-Buckner Elementary School
  • Middle School: John R. Lewis Middle School
  • High School: Waukegan High School
  • Private School: Waukegan High School

Heating & Cooling

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

Utilities

  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: Unfinished, Full
  • Foundation: Concrete Perimeter
  • Year Built: 1940
  • Built Before 1978: Yes
  • Remodeled/Updated: 2025

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 150

Financial Considerations

  • Assessment Year: 1940
  • Tax Amount: $8,516
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 8283140070000

Listed by Komar
Sold by Keller Williams Innovate - Aurora

Listing agent

— 1007 8th St —

  • Komar

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1007 8th St

School District:Waukegan Community Unit School District 60
NameGradesDistance
Carman-Buckner Elementary School
520 Helmholz Avenue, Waukegan, IL 60085
K-50.4 mi
Thomas Jefferson Middle School, Waukegan, IL
600 South Lewis Avenue, Waukegan, IL 60085
6-80.7 mi
Waukegan High School
1011 Washington Street, Waukegan, IL 60085
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1007 8th St

Date
Details
Price
Change
Source
9/12/2025
Sold
$485,000
-10.19%
MLS
8/05/2025
Listed
$540,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Komar
Sold by Keller Williams Innovate - Aurora

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1007 8th Street, Waukegan, IL 60085 (MLS# 12429828) is a Multi-Family property that was sold at $485,000 on September 12, 2025. Want to learn more about 1007 8th Street? 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.