1425 10th Street Waukegan, IL $ 519,000
1425 10th Street
$ 519,000
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1425 10th Street

Waukegan, IL, 60085
$ 519,000
Bedrooms8 Baths0.0

Monthly Estimate*

$ 3,196

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Multi-Family Home for sale in Waukegan, IL

for $519,000 with 8 bedrooms. This home was built in 1935 on a lot size of 0.704821.

Solid 5-unit investment property with all units currently occupied and producing consistent income. The building brings in $5,700/month ($5,425 in rents + $275 from laundry) with a current NOI of $44,250. Rents are below market, giving the next owner a clear opportunity to increase cash flow over time without needing a heavy lift. Major updates already taken care of, including a new roof and a boiler and water heater both under 10 years old, helping limit near-term capital expenses. This is a strong option for an investor looking for a stable, already-performing property with upside still left in it. On-site laundry adds an additional income stream, and the property is straightforward to manage in its current condition. Whether you plan to hold long-term or gradually raise rents and improve returns, there's room to execute your strategy here. Rent roll and financials available in documents.

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Multi-Family Active

Price

$ 519,000

Bedrooms

8

Property Type

Multi-Family

Taxes

$ 8,274

Style

Lot Size

0.704821

Year Built

1935

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12624199

Features
General
Zoning COMMR
Year Built 1935
Tenant Pays Electricity Other
Stories Count 2
Tax Year 2025
Gross Income 65100
County Lake
Net Operating Income 44249
Operating Expense 19414
Insurance Expense 7000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 5000
Status Active
Directions North on S Lewis Ave to 10th St.
City Waukegan
Number Of Units Total 5
MLS Area Park City / Waukegan
Lot Size Square Feet 30702
Tax Annual Amount 8274
Electric Expense 715
Fuel Expense 3200
Trash Expense 800
Water Sewer Expense 1000
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 102x301
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* Excluded Features
List By
4 Sale Realty Advantage Llc

Broker

brandon4salerealty@gmail.com

Email

Affordability Calculator

$3,885
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,196
Monthly Property Taxes
$690
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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$519,000 Listed Price

Map


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1425 10th Street, Waukegan, IL, 60085 is a Multi-Family Home for sale at $519,000 with a lot size of 0.704821. 1425 10th Street has 8 bedrooms, 0.0 baths, and was built in 1935. The property's zip code is 60085 which is in Waukegan, IL