Why Live in Lorraine Terrace
Lorraine Terrace in Waukegan is a neighborhood characterized by its diverse home styles, including Cape Cods, Tudor Revivals, and ranch-style houses. The area is known for its blooming redbuds in spring and small flower gardens that add charm to the streets. Residents enjoy walkable amenities, with sidewalks connecting homes to a nearby park. Yeoman Park, a few blocks away, features a wooded pathway, playground, and access to the Waukegan River. Hinkston Park’s Field House Sports, Fitness and Aquatics offers extensive recreational facilities, including a rock wall and aquatic center. Lake Michigan is 3 miles east, accessible via Waukegan Municipal Beach, which is popular for birding and features unique dunes and lighthouses. Grand Avenue hosts various businesses, such as Leno’s Sandwich Shop and Drip and Culture coffee shop, along with several supermarkets. Monthly Art Waulk events and the summer Scoop the Loop car show provide cultural and social activities. Grand Avenue also connects residents to downtown Waukegan, 1.5 miles east, and offers bus stops for convenient transportation. Commuters can reach downtown Chicago, 46 miles away, via I-94 or the Waukegan Metra. Chicago O’Hare International Airport is 33 miles away. The neighborhood offers a blend of practical amenities and recreational opportunities, making it a balanced community for potential home buyers.
Home Trends in Lorraine Terrace, IL
On average, homes in Lorraine Terrace, Waukegan sell after 188 days on the market compared to the national average of 52 days. The median sale price for homes in Lorraine Terrace, Waukegan over the last 12 months is $210,000, down 14% from the median home sale price over the previous 12 months.
Median Sale Price
$210,000
Median Single Family Sale Price
$210,000
Average Price Per Sq Ft
$153
Number of Homes for Sale
0
Last 12 months Home Sales
3
Median List Price
$210,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-14%