518 Franklin Street, Waukegan, IL 60085 - Photo 1

1/1

$312,000

Sold
Closed
Multi-Family
5 Total Beds
2 Car Garage

1/1

Property Description

Victorian Charm Meets Modern Luxury! Experience the perfect blend of historic charm and modern sophistication in this stunning Victorian 2-flat with wrap around porch. Totally renovated to highlight the home's original beauty, this property boasts refinished original floors, new upgraded kitchens, and baths. The first-floor features 2 spacious bedrooms, 2 modern baths, and ample living space. The second floor with 3 bedrooms and 2 baths, offering plenty of space for family or guests. A huge garage with walk-up attic adds valuable storage and potential for additional workspace or hobby area. This Victorian 2-flat combines historic elegance with modern amenities, perfect for those seeking character and functionality. Cash or conventional only!

Full Property Details

Full Property Details for 518 Franklin St

General

Sold For: $312,000
Taxes: $5,900 (2024)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12420047
Added to Site: 216 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 4

Bedrooms

Total Bedrooms: 5

Additional Information

Equipment: Ceiling Fan(s)
Other Features: School Bus Service, Commuter Bus

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking On-Site: Yes

Location

Area: Park City / Waukegan
County: Lake
Driving Directions: Sheridan N of Grand to Franklin W to address

School Information

School District: 60
Midd School District: 60

Heating & Cooling

Heating Type: Natural Gas, Forced Air

Utilities

Water: Lake Michigan, Public

Structural Information

Architectural Style: Farmhouse
Construction: Frame
Exterior Const.: Frame
Basement Desc.: Unfinished, Full
Foundation: Block
Roof: Asphalt
Year Built: 1900
Built Before 1978: Yes
Remodeled/Updated: 2024

Unit Information

Units in Building: 2

Lot Features

Lot Size (Acres): 0.22
Lot Size Range: Less than .25 Acre
Lot Dimensions: 77 x 132
Fence: Yes
Fencing (Description): Fenced

Financial Considerations

Parking Included: Yes
Assessment Year: 1900
Tax Amount: $5,900
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Property ID: 8211090100000

Listed by Double R Realty LLC
Sold by North Shore Prestige Realty

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— 518 Franklin St —

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Schools

Schools serving 518 Franklin St

School District:Waukegan Community Unit School District 60

Name	Grades	Distance
North Elementary School, Waukegan, IL 410 Franklin Street, Waukegan, IL 60085	K-5	0.1 mi
Daniel Webster Middle School 930 New York Street, Waukegan, IL 60085	6-8	0.8 mi
Waukegan High School 1011 Washington Street, Waukegan, IL 60085	9-12	0.8 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 518 Franklin St

Date

Details

Price

Change

Source

9/11/2025

Sold

$312,000

-2.16%

MLS

8/06/2025

Price Reduced

$318,888

-0.31%

MLS

7/26/2025

Price Reduced

$319,888

-2.44%

MLS

7/25/2025

Price Reduced

$327,888

-0.3%

MLS

7/18/2025

Listed

$328,888

—

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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518 Franklin Street, Waukegan, IL 60085 (MLS# 12420047) is a Multi-Family property that was sold at $312,000 on September 11, 2025. Want to learn more about 518 Franklin 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.

518 Franklin St Waukegan, IL 60085