Homes for sale - 1007 8th ST, Waukegan, IL 60085

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Randall & Tracy Nosalik

nosalikrandall@gmail.com +1(847) 812-2681

$ 540,000

Est. payment | -/mo

14 Beds

5 Baths

7,405 Sqft Lot

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$ 540,000

Est. payment | -/mo

Save

14 Beds

5 Baths

7,405 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12429828

Bedrooms 14

Year Built 1940

Annual Tax Amount $8,516

Tax Year 2024

Lot Size 7,405 Sqft

Lot Dimensions 50X150

Property Sub-Type Two to Four Units

Property Description

HIGH cash-flowing investment opportunity - ideal for owner-occupants, first-time, or seasoned investors. ***Rental income and NOI do not include the 4th unit, which was owner-occupied. Fully rented, the potential gross income is $7,365/month with a projected NOI of $82,000+. Strong potential to increase rents.*** Three out of four units have been fully rehabbed, featuring new flooring, paint, cabinets, bathrooms, and appliances. All units are equipped with new window A/C units and keypad locks on every door for added convenience and security. 4 new water heaters. Copper pipes and PVC drainage throughout the whole building. Additional storage and possibility of coin laundry for additional income. All windows were changed in the past 5 years. Private driveway parking accommodates 8 vehicles. AS-IS sale.

Location

State IL

County Lake

Area Park City / Waukegan

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Electric, Forced Air, Baseboard, Radiant, Radiator(s), Sep Heating Systems - 2+, Indv Controls, Zoned

Equipment CO Detectors, Sump Pump, Multiple Water Heaters, Water Heater-Gas

Fireplace N

Exterior

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Carman-Buckner Elementary School

Middle Schools John R. Lewis Middle School

High Schools Waukegan High School

School District 60 , 60, 60

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Nazar Mula • KOMAR

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Randall & Tracy Nosalik

REALTOR® | Lic# 475150328

nosalikrandall@gmail.com

+1(847) 812-2681

1007 8th ST Waukegan, IL 60085

Randall & Tracy Nosalik

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1007 8th ST