1007 8th Street

Waukegan IL 60085

0.17 ac.

Multi-Family

Last sold for $485,000

Nazar Mula, last sold this property on 12 September 2025 after 37 days on market.

Overview

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.

Features

14 bedrooms

5 bathrooms

8 carspaces

0.17 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 14 bedroom multi families sold in Waukegan over the last 12 months.

Property history for 1007 8th Street

2025

Sold

$485,000

12 Sep 2025 by Nazar Mula, of KOMAR

2024

Sold

$386,000

28 Jun 2024 by Phillip Mazur, of Right at Home Realty Illinois, LLC

2015

Sold

$99,000

13 Mar 2015 by Adam Taylor, of Regional Real Estate LLC

Happy sellers in Waukegan

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