$312,000
SOLD SEP 11, 2025

518 Franklin St Waukegan, IL 60085

5 Beds
4 Baths
1,892 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$165 Per Sq Ft

5% Below List Price

19 Days on Market

Highlights

  • Farmhouse Style Home
  • Entrance Foyer
  • Ceiling Fan
  • First Floor Utility Room
  • Forced Air Heating System
  • Fenced

About This Home

As of September 2025

Victorian Charm Meets Modern Luxury! Experience the perfect blend of historic charm and modern sophistication in this stunning Victorian 2-flat with wrap around porch. Totally renovated to highlight the home's original beauty, this property boasts refinished original floors, new upgraded kitchens, and baths. The first-floor features 2 spacious bedrooms, 2 modern baths, and ample living space. The second floor with 3 bedrooms and 2 baths, offering plenty of space for family or guests. A huge garage with walk-up attic adds valuable storage and potential for additional workspace or hobby area. This Victorian 2-flat combines historic elegance with modern amenities, perfect for those seeking character and functionality. Cash or conventional only!

Last Agent to Sell the Property

Richard Lewis

Double R Realty LLC License #471022717 Listed on: 07/18/2025

Last Buyer's Agent

Oksana Chura

North Shore Prestige Realty License #471008202

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,900

Year Built

  • Built in 1900 | Remodeled in 2024

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 77x132
  • Fenced

Parking

  • 2 Car Garage
  • Parking Included in Price

Home Design

  • Farmhouse Style Home
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer
  • First Floor Utility Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,900

Year Built

Built in 1900 | Remodeled in 2024

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Foyer, Utility Room-1st Floor
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Block
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 77X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5900
  • Tax Year: 2024
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Henderson Foundation
Bought by
Luis E Lopez And Sons Inc

Purchase Details

Closed on
Mar 26, 2022
Sold by
Palomar Aguilar Edwin S
Bought by
Palomar Maria and Palomar Melissa

Purchase Details

Closed on
Dec 2, 2016
Sold by
Murphy John F and Murphy Susan E
Bought by
The Henderson Foundation
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
Special Warranty Deed -- First American Title
Quit Claim Deed -- Chicago Title
Warranty Deed $80,000 Ct
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2025 09/11/25 Sold $312,000 -2.2% $165 / Sq Ft
08/06/2025 08/06/25 Pending -- -- --
08/01/2025 08/01/25 Price Changed $318,888 -0.3% $169 / Sq Ft
07/26/2025 07/26/25 Price Changed $319,888 -2.4% $169 / Sq Ft
07/25/2025 07/25/25 Price Changed $327,888 -0.3% $173 / Sq Ft
07/18/2025 07/18/25 For Sale $328,888 -- $174 / Sq Ft
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 -- -- -- --
2023 -- -- -- --
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $45 $317 $78 $239
2016 $5,181 $33,530 $8,241 $25,289
2015 $5,069 $30,010 $7,376 $22,634
2014 $4,292 $25,352 $5,182 $20,170
2012 $5,316 $27,468 $5,615 $21,853
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12420047

Midwest Real Estate Data (MRED)

APN: 08-21-109-010