10-12 N Park Avenue Waukegan, IL $ 479,000
10-12 N Park Avenue
$ 479,000
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10-12 N Park Avenue

Waukegan, IL, 60085
$ 479,000
Bedrooms8 Baths4.0

Monthly Estimate*

$ 2,949

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Multi-Family Home for sale in Waukegan, IL

for $479,000 with 8 bedrooms and 4 full baths. This home was built in 1910.

Income-producing side-by-side duplex offering rare three levels of living space per unit, ideal for investors or owner-occupants. Excellent house-hacking opportunity - live in one unit while generating rental income from the other. Current rents are below market value, reflecting long-term, high-quality tenants and providing future upside potential. Both units are currently occupied, with tenants interested in remaining. Tenant is responsible for water. Each unit features 3 bedrooms, 2 full bathrooms, plus a third-floor bonus room, enhancing rental appeal and flexibility. The main level includes a living room, dining room, and open-concept kitchen. The side-by-side configuration minimizes shared walls, offering increased privacy and reduced noise transfer. Separate utilities for each unit include electric, furnace, central A/C, and water heater. New central A/C installed in July 2022. Recent improvements include windows, roof, gutters, soffits, and fascia (2022). Newer appliances (2025) installed at 12 N Park Ave, sewer line professionally addressed (2025), and units have been well maintained, helping minimize near-term capital expenses. The property features strong curb appeal, two separate private driveways providing ample parking, and full unfinished basements for each unit. Located in a quiet residential setting with convenient access to restaurants, major highways, Gurnee Mills, Six Flags, Wisconsin access, downtown Chicago, casinos, hospitals, city hall, police station, and just steps from Ray Bradbury Park. Rare opportunity offering strong rental demand, flexibility, and long-term investment potential.

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Multi-Family Contingent

Price

$ 479,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,809

Style

Colonial

Year Built

1910

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12543091

Features
General
Sewer Public Sewer
Heating Forced Air
Possession Closing
Roof Asphalt
Zoning MULTI
Architectural Style Colonial
Construction Materials Vinyl Siding
Year Built 1910
Township Waukegan
Tax Year 2024
Ownership Fee Simple
County Lake
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 12
Status Contingent
Directions Washington & Jackson East to N. Park Ave than take a left.
City Waukegan
High School District 60
MLS Area Park City / Waukegan
Tax Annual Amount 5809
Virtual Tour https://myimageservices.com/1012-N-Park-Ave/idx
Standard Status Active Under Contract
Middle/Junior School District 60
Elementary School District 60
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Interior
Basement Unfinished Full
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Off Street Driveway Yes Owned
Water Source Public
Total Parking 6
Lot Dimensions 4792 SF
Waterfront Y/N N
Other Equipment Ceiling Fan(s)
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* Excluded Features
List By
Baird & Warner

Broker

jinhee.yang@bairdwarner.com

Email

Affordability Calculator

$3,433
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,949
Monthly Property Taxes
$484
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
567103 Elementary School
564562 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/12/2026$479,000 Listed Price

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10-12 N Park Avenue, Waukegan, IL, 60085 is a Multi-Family Home for sale at $479,000. 10-12 N Park Avenue has 8 bedrooms, 4.0 baths, and was built in 1910. The property's zip code is 60085 which is in Waukegan, IL