515 May Street, Waukegan, IL 60085 - Photo 1

1/1

$250,000

Sold
Closed
Multi-Family
5 Total Beds

1/1

Property Description

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

Full Property Details for 515 May St

General

Sold For: $250,000
Taxes: $5,700 (2024)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12534517
Added to Site: 106 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2

Bedrooms

Total Bedrooms: 5

Parking

Total Spaces: 4
Parking Features: Yes, Owned

Location

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

School Information

School District: 60
Midd School District: 60

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Public

Structural Information

Construction: Aluminum Siding, Block
Exterior Const.: Aluminum Siding, Block
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

Disclosures and Reports

Ownership: Fee Simple
Property ID: 8283110340000

Listed by Real Broker, LLC
Sold by Keller Williams Success Realty

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Listing agent

— 515 May St —

Real Broker, LLC

(630) 999-0958

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Schools

Schools serving 515 May St

School District:Waukegan Community Unit School District 60

Name	Grades	Distance
Carman-Buckner Elementary School 520 Helmholz Avenue, Waukegan, IL 60085	K-5	0.2 mi
Thomas Jefferson Middle School, Waukegan, IL 600 South Lewis Avenue, Waukegan, IL 60085	6-8	1 mi
Waukegan High School 1011 Washington Street, Waukegan, IL 60085	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 515 May St

Date

Details

Price

Change

Source

3/11/2026

Sold

$250,000

4.21%

MLS

12/18/2025

Listed

$239,900

—

MLS

Disclaimer: Historical sales 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 that was sold at $250,000 on March 11, 2026. 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.

515 May St Waukegan, IL 60085