Waukegan, IL 60085 1007 8th Street
$540,000



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Presented By: KOMAR
Home Details
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.
Presented By: KOMAR
Interior Features for 1007 8th Street
Bedrooms
Bedrooms Possible14
Total Bedrooms14
Bathrooms
Full Baths Building5
Half Baths Building
Total Baths5
Other Interior Features
BasementUnfinished, Full
Total Number of Units4
Other Rooms
General for 1007 8th Street
CityWaukegan
Community FeaturesCurbs, Sidewalks, Street Lights, Street Paved
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyLake
DirectionsBelvidere to Jackson, S to 8th St, E to 1007 on S side of st
Electric Expense1080
Elementary SchoolCarman-Buckner Elementary School
Elementary School District60
Gross Income5075
HeatingNatural Gas, Electric, Forced Air, Baseboard, Radiant, Radiator(s), Sep Heating Systems - 2+, Indv Controls, Zoned
High SchoolWaukegan High School
High School District60
MLS AreaPark City / Waukegan
Middle/Junior High SchoolJohn R. Lewis Middle School
Middle/Junior School District60
ModificationTimestamp2025-08-10T23:01:01.676Z
Net Operating Income54660
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount8516
Tax Year2024
Total Rooms22
TownshipWaukegan
Trash Expense2340
Water Sewer Expense1500
Year Built1940
Exterior for 1007 8th Street
Foundation DetailsConcrete Perimeter
Lot Dimensions50X150
Lot Size Acres0.17
Other EquipmentCO Detectors, Sump Pump, Multiple Water Heaters, Water Heater-Gas
Parking FeaturesOff Street, Driveway, On Site, Owned
Total Parking8
Water SourceLake Michigan
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Waukegan High School
Elementary School
Carman-Buckner Elementary School
Middle School
John R. Lewis Middle School
