$479,000

10-12 N Park Avenue, Waukegan, IL 60085

  • 8 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
February 14, 2026 at 8:19PM
Listing Office:
Baird & Warner : 847-504-5559
Listing Agent:
Jinhee Yang : 847-331-0956
MLS ID:
12543091
  • Basement: UnfinishedFull
  • Heating: Forced Air
  • Style: Colonial
  • Parking: Off StreetDrivewayYesOwnedParking spaces: 6
  • Roofing: Asphalt
  • General: Colonial
  • Originating MLS: mred
  • School District: 60
  • County: Lake
  • Zoning: MULTI08213021100000
  • Water: Public
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Jinhee Yang , Baird & Warner

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Andrew Cooke Magnet Elementary School

522 Belvidere Rd, Waukegan, IL, 60085

Grades PK-5

0.36 miles away

R

Robert E Abbott Middle School

1319 Washington St, Waukegan, IL, 60085

Grades 6-8

0.44 miles away

W

Waukegan High School

2325 Brookside Ave, Waukegan, IL, 60085

Grades 9-12

1.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.