$485,000
SOLD SEP 12, 2025

1007 8th St Waukegan, IL 60085

14 Beds
5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Recently Sold

10% Below List Price

4 Days on Market

Highlights

  • Forced Air Zoned Heating System
  • Multiple Water Heaters
  • 2-minute walk to Woodard Park
  • Baseboard Heating
  • Paved or Partially Paved Lot

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Nazar Mula

KOMAR License #475208449 Listed on: 08/05/2025

Last Buyer's Agent

Jaely Pratt-Oropeza

Keller Williams Innovate - Aurora License #475184025

Keller Williams Innovate - Aurora

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,516

Year Built

  • Built in 1940 | Remodeled in 2025

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Potential Bedrooms
  • 5 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 8 Parking Spaces
  • Driveway
  • Off-Street Parking

Schools

  • Carman-Buckner Elementary School
  • John R. Lewis Middle School
  • Waukegan High School

Utilities

  • Forced Air Zoned Heating System
  • Radiator
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Radiant Heating System
  • Baseboard Heating
  • Lake Michigan Water
  • Multiple Water Heaters
  • Gas Water Heater

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,080
  • Trash Expense $2,340
  • Water Sewer Expense $1,500
  • Gross Income $5,075
  • Net Operating Income $54,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,516

Year Built

Built in 1940 | Remodeled in 2025

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2025
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 5
  • Total Bedrooms: 14
  • Other Equipment: CO Detectors, Sump Pump, Multiple Water Heaters, Water Heater-Gas
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • Room: 6

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 540000
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Driveway, On Site, Owned
  • ParkingTotal: 8

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric, Forced Air, Baseboard, Radiant, Radiator(s), Sep Heating Systems - 2+, Indv Controls, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 2340
  • Water Sewer Expenses: 1500

Schools

  • Elementary School: Carman-Buckner Elementary School
  • High School: Waukegan High School
  • Middle/Junior School: John R. Lewis Middle School
  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 50X150
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 54660
  • ElectricExpense: 1080
  • GrossIncome: 5075
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8516
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 13, 2024
Sold by
Mazur Phillip W
Bought by
Shoback Bradley Thomas
Seller's Agent
Phillip Mazur
Right at Home Realty Illinois, LLC
Buyer's Agent
Brandon Karpiel
Real Broker, LLC
List Price
$369,130
Sold Price
$386,000
Premium/Discount to List
$16,870
4.57%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.74%
Original Mortgage
$366,700
Outstanding Balance
$362,541
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$138,173

Purchase Details

Listed on
Jan 7, 2015
Closed on
Feb 9, 2015
Sold by
Mt Homes Llc 1007 8Th
Bought by
Mazur Phillip W
Seller's Agent
Adam Taylor
PRS Realty LLC
Buyer's Agent
Phillip Mazur
Right at Home Realty Illinois, LLC
List Price
$99,000
Sold Price
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.76%
Original Mortgage
$74,250
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2008
Sold by
Mt Homes Llc
Bought by
Mt Homes Llc

Purchase Details

Closed on
Nov 3, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Mt Homes Llc

Purchase Details

Closed on
Oct 26, 2005
Sold by
Castaneda Luisa and Case #05 Ch 271
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Jun 17, 2003
Sold by
Hud
Bought by
Castaneda Luisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,750
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2002
Sold by
Contreras
Bought by
Hud

Purchase Details

Closed on
Mar 28, 2000
Sold by
Sikich Florentine M and Leo Sutkus Trust
Bought by
Contreras Carlos and Contreras Byron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,381
Interest Rate
8.29%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 1996
Sold by
Sutkus Leo A and Sikich Florentine M
Bought by
Sutkus Leo A

Purchase Details

Closed on
Jun 27, 1996
Sold by
Sutkus Leo A and Sutkus Anne A
Bought by
Sutkus Leo A and Sikich Florentine M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $386,000 Heritage Title
Warranty Deed $99,000 Stewart Title
Quit Claim Deed -- None Available
Special Warranty Deed $39,000 Ticor Title Insurance Co
Legal Action Court Order -- --
Warranty Deed -- Stewart Title Company
Legal Action Court Order -- --
Deed $198,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $366,700 New Conventional
Previous Owner $74,250 Commercial
Previous Owner $193,750 Commercial
Previous Owner $196,381 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2025 09/12/25 Sold $485,000 -10.2% --
08/10/2025 08/10/25 Pending -- -- --
08/05/2025 08/05/25 For Sale $540,000 +39.9% --
06/28/2024 06/28/24 Sold $386,000 +4.6% -- View Prior Sale
05/21/2024 05/21/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $369,130 +272.9% --
03/13/2015 03/13/15 Sold $99,000 0.0% -- View Prior Sale
01/14/2015 01/14/15 Pending -- -- --
01/07/2015 01/07/15 For Sale $99,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,340 $98,136 $9,772 $88,364
2023 $7,495 $88,441 $8,749 $79,692
2022 $7,495 $76,670 $6,808 $69,862
2021 $6,530 $62,638 $5,929 $56,709
2020 $6,090 $53,727 $5,533 $48,194
2019 $6,129 $49,232 $5,070 $44,162
2018 $5,736 $44,366 $4,598 $39,768
2017 $5,584 $39,253 $4,068 $35,185
2016 $5,271 $34,109 $3,535 $30,574
2015 $5,157 $30,528 $3,164 $27,364
2014 $5,230 $30,914 $3,204 $27,710
2012 $6,101 $33,492 $3,471 $30,021
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12429828

Midwest Real Estate Data (MRED)

APN: 08-28-314-007