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$279,900

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1,048 Sq. Ft.
  • 2 Car Garage
  • Updated 6 days ago
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Move-in ready 3 bedroom & 1 bathroom cape cod. Main floor has hardwood floors throughout most of the rooms including the living room & 2 bedrooms. Eat-in kitchen. 1st floor full bath. 2nd floor private 3rd bedroom with hardwood floors & 2 closets. All bedrooms have ceiling fans.Large basement family room with bar. Basement utility room with washer & dryer. Private back yard with extra-large 2-car heated garage off rear alley. Come visit your new home today!

Full Property Details for 505 Lorraine Ave

General

  • Price: $279,900
  • Taxes: $1,604 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12538268
  • Updated: 1/11/2026
  • Added to Site: 12 day(s) ago

Interior

  • Basement: Partially
  • Interior Features: 1st-Floor Bedroom, 1st-Floor Bath, Walk-In Closet(s)
  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Other Features: School Bus Service

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Off-Alley, Heated Garage, Yes, Garage Owned, Detached, Garage

Location

  • Area: Park City / Waukegan
  • County: Lake
  • Township: Waukegan
  • Subdivision: Lorraine Terrace
  • Driving Directions: Lewis & Lydia East to Lorraine South to Address

School Information

  • School District: 60
  • Elem School District: 60
  • Midd School District: 60
  • High School District: 60
  • Elementary School: Hyde Park Elementary School
  • Middle School: Miguel Juarez Middle School
  • High School: Waukegan High School
  • Private School: Waukegan High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Cape Cod
  • Architectural Style: Cape Cod
  • Construction: Aluminum Siding
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Sub-Flooring: Hardwood
  • Square Feet: 1,048
  • Sq. Ft. Source: Assessor
  • Year Built: 1948
  • Built Before 1978: Yes

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 5750

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1948
  • Tax Amount: $1,604
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 8202120040000

Listed by Chase Real Estate LLC

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Listing agent

— 505 Lorraine Ave —

  • Chase Real Estate LLC

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 505 Lorraine Ave

School District:Waukegan Community Unit School District 60
NameGradesDistance
Hyde Park Elementary School
1525 Hyde Park Avenue, Waukegan, IL 60085
K-50.2 mi
Miguel Juarez Middle School
201 North Butrick Street, Waukegan, IL 60085
6-80.4 mi
Waukegan High School
1011 Washington Street, Waukegan, IL 60085
9-120.7 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 505 Lorraine Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/05/2026
Listed
$279,900
833%
MLS
3/18/2015
Sold
$30,000
—
Public Record
Get Price Alerts and Save Property
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 for 505 Lorraine Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,353
26%
$51,562
12%
2023
$3,447
33%
$46,164
12%
2022
$2,585
-21%
$41,259
34%
2021
$3,252
-1%
$30,792
7%
2020
$3,273
—
$28,686
9%
2019
$3,273
2%
$26,286
8%
2018
$3,224
5%
$24,289
13%
2017
$3,057
6%
$21,489
15%
2016
$2,886
2%
$18,673
12%
2015
$2,823
101%
$16,713
—
2014
$1,406
-9%
$16,713
-13%
2013
$1,548
-38%
$19,304
-24%
2012
$2,479
—
$25,331
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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505 Lorraine Avenue, Waukegan, IL 60085 (MLS# 12538268) is a Single Family property with 3 bedrooms and 1 full bathroom. 505 Lorraine Avenue is currently listed for $279,900 and was received on January 05, 2026. Want to learn more about 505 Lorraine Avenue? Do you have questions about finding other Single Family real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.

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