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$265,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 2 days ago
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Two-unit property in Waukegan featuring two units, each with 2 bedrooms, 1 full bath. Unit 1 is currently tenant occupied and Unit 2 is owner occupied. Full unfinished basement provides additional storage space. No washer or dryer on the premises; a laundromat is conveniently located nearby. Conveniently located near shopping, transportation, schools, and everyday amenities. Seller prefers approximately 60 days to secure suitable housing and coordinate possession. Possession timing is negotiable and subject to agreement between the parties. Schedule your showing today.

Full Property Details for 525 South Ave

General

  • Price: $265,000
  • Taxes: $6,314 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12768148
  • Updated: 9/24/2026
  • Added to Site: 4 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 4

Parking

  • Total Spaces: 4
  • Parking Features: Yes

Location

  • Area: Park City / Waukegan
  • County: Lake
  • Township: Waukegan
  • Driving Directions: BELVIDERE AND MCALISTER S 2 SOUTH AVE W2 HOUSE

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: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Roof: Asphalt
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 48 x 171

Financial Considerations

  • Tax Amount: $6,314
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 8281260000000

Listed by HomeSmart Connect

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— 525 South Ave —

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NMLS#: 1598647

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Schools serving 525 South Ave

School District:Waukegan Community Unit School District 60
NameGradesDistance
Carman-Buckner Elementary School
520 Helmholz Avenue, Waukegan, IL 60085
K-50.1 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
9-120.7 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 525 South Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/23/2026
Listed
$265,000
87.94%
MLS
2/20/2018
Sold
$141,000
—
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 525 South Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,216
2%
$76,928
7%
2024
$6,085
21%
$71,628
11%
2023
$5,027
9%
$64,527
25%
2022
$4,600
7%
$51,421
17%
2021
$4,313
-1%
$44,125
16%
2020
$4,341
—
$38,051
9%
2019
$4,341
38%
$34,868
47%
2018
$3,153
57%
$23,754
68%
2017
$2,012
-26%
$14,146
-19%
2016
$2,714
2%
$17,561
12%
2015
$2,655
-1%
$15,717
—
2014
$2,688
—
$15,717
-1%
2013
$2,686
68%
$15,876
-49%
2012
$1,598
—
$31,083
—
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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525 South Avenue, Waukegan, IL 60085 (MLS# 12768148) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 525 South Avenue is currently listed for $265,000 and was received on September 23, 2026. Want to learn more about 525 South Avenue? 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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