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$239,900 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 5 Total Beds
  • Updated 7 days ago
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Rare Opportunity in Waukegan! This unique two-homes-on-one-lot property, offers outstanding flexibility for investors or owner-occupants. Ideal for those looking to live in one home while renting the other, or for multi-generational living with separate residences on one parcel. The main home is a two-story residence featuring 3 bedrooms and 1.5 bathrooms, a spacious living room, separate dining area, and a full basement, providing excellent storage. The second home offers 2 bedrooms and 1 bathroom and is currently tenant-occupied, offering immediate rental income. A versatile property with long-term potential-perfect for expanding your portfolio or creating a smart living arrangement. Main home has new roof & siding (2025)! Schedule your showing today!

Full Property Details for 515 May St

General

  • Price: $239,900
  • Taxes: $5,700 (2024)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12534517
  • Updated: 1/9/2026
  • Added to Site: 29 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 1

Bedrooms

  • Total Bedrooms: 5

Parking

  • Total Spaces: 4
  • Parking Features: Yes, Owned

Location

  • Area: Park City / Waukegan
  • County: Lake
  • Township: Waukegan
  • Driving Directions: JACKSON TO MAY STREET TO HOUSE NUMBER 515

School Information

  • School District: 60
  • Elem School District: 60
  • Midd School District: 60
  • High School District: 60

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Aluminum Siding, Block
  • Exterior Const.: Aluminum Siding, Block
  • Basement: Yes
  • Basement Desc.: Unfinished, Partial
  • Roof: Asphalt
  • Year Built: 1915
  • Built Before 1978: Yes
  • Remodeled/Updated: 2020

Unit Information

  • Units in Building: 1

Additional Structures

  • Other Structures: Second Residence

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 4922
  • Fence: Yes
  • Zoning: MULTI
  • Fencing (Description): Fenced

Financial Considerations

  • Assessment Year: 1915
  • Tax Amount: $5,700
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 8283110340000

Listed by Real Broker, LLC

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Listing agent

— 515 May St —

  • Real Broker, LLC

(630) 999-0958

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NMLS#: 1598647

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

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 515 May St

School District:Waukegan Community Unit School District 60
NameGradesDistance
Carman-Buckner Elementary School
520 Helmholz Avenue, Waukegan, IL 60085
K-50.2 mi
Thomas Jefferson Middle School, Waukegan, IL
600 South Lewis Avenue, Waukegan, IL 60085
6-81 mi
Waukegan High School
1011 Washington Street, Waukegan, IL 60085
9-120.9 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 515 May St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/18/2025
Listed
$239,900
128.48%
MLS
11/16/2021
Sold
$105,000
—
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 515 May St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,582
53%
$65,685
11%
2023
$3,659
100%
$59,197
58%
2022
-100%
$37,372
5%
2021
$3,485
—
$35,486
16%
2020
$3,487
—
$30,481
9%
2019
$3,477
45%
$27,931
55%
2018
$2,390
5%
$18,010
13%
2017
$2,284
-25%
$15,934
-19%
2016
$3,057
2%
$19,781
12%
2015
$2,991
-3%
$17,704
—
2014
$3,079
—
$17,704
-3%
2013
$3,077
-19%
$18,187
-24%
2012
$3,813
—
$23,864
—
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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515 May Street, Waukegan, IL 60085 (MLS# 12534517) is a Multi-Family property with 1 unit containing 5 bedrooms and 0 full bathrooms. 515 May Street is currently listed for $239,900 and was received on December 18, 2025. Want to learn more about 515 May 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.

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