622-624 W Water Street Waukegan, IL $ 220,000
622-624 W Water Street
$ 220,000
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622-624 W Water Street

Waukegan, IL, 60085
$ 220,000
Bedrooms3 Baths4.0

Monthly Estimate*

$ 1,519

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Multi-Family Home for sale in Waukegan, IL

for $220,000 with 3 bedrooms and 4 full baths. This home was built in 1961.

EXCELLENT INVESTMENT OPPORTUNITY! Welcome to 622 & 624 W Water Street! Discover this side-by-side two-unit property, perfect for investors looking to expand their rental portfolio or owner-occupants seeking additional rental income! Each unit offers its own private entrance, a full finished basement with an additional bathroom, providing a total of 2 bathrooms per unit, and extra living space for added comfort and functionality. Both units feature separate utilities and individual laundry hookups, offering greater independence and convenience for occupants. Additional highlights include a fenced yard and off-street parking. Conveniently located near grocery stores, shopping, restaurants, and major roads, providing easy access to everyday essentials. The desirable side-by-side layout offers the privacy and feel of a single-family home while providing the benefits of a two-unit investment property. Whether you choose to live in one unit and rent the other or maximize your investment with two rental units, this property offers versatility and income potential. A fantastic opportunity you won't want to miss!

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Multi-Family Active

Price

$ 220,000

Bedrooms

3

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,755

Style

Year Built

1961

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12799401

Features
General
Sewer Public Sewer
Heating Gas
Possession Closing
Roof Asphalt
Construction Materials Vinyl Siding
Year Built 1961
Township Waukegan
Tax Year 2025
Ownership Fee Simple
County Lake
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 7
Status New
Directions Washington St to St James south pass Glen Rock next street at the corner
City Waukegan
High School District 60
MLS Area Park City / Waukegan
Tax Annual Amount 3755
Standard Status Active
Middle/Junior School District 60
Elementary School District 60
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Interior
Basement Finished Full
Total Bedrooms 3
Total Baths 4
Bedrooms Possible 3
Full Baths Building 4
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Unassigned Yes
Lot Features Corner Lot
Water Source Public
Total Parking 5
Foundation Details Concrete Perimeter
Lot Dimensions 3400
Waterfront Y/N N
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* Excluded Features
List By
Netgar Investments Inc

Broker

erikardonet@gmail.com

Email

Affordability Calculator

$1,832
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,519
Monthly Property Taxes
$313
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
11/5/2026$220,000 Listed Price

Map


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622-624 W Water Street, Waukegan, IL, 60085 is a Multi-Family Home for sale at $220,000. 622-624 W Water Street has 3 bedrooms, 4.0 baths, and was built in 1961. The property's zip code is 60085 which is in Waukegan, IL