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10-12 N Park Avenue Waukegan, IL 60085

$479,000
Contingent / MLS# 12543091 / Multi Unit - Multiple / Waukegan
8 Beds
4 Baths

Income-producing side-by-side duplex offering rare three levels of living space per unit, ideal for investors or owner-occupants. Excellent house-hacking opportunity - live in one unit while generating rental income from the other. Current rents are below market value, reflecting long-term, high-quality tenants and providing future upside potential. Both units are currently occupied, with tenants interested in remaining. Tenant is responsible for water. Each unit features 3 bedrooms, 2 full bathrooms, plus a third-floor bonus room, enhancing rental appeal and flexibility. The main level includes a living room, dining room, and open-concept kitchen. The side-by-side configuration minimizes shared walls, offering increased privacy and reduced noise transfer. Separate utilities for each unit include electric, furnace, central A/C, and water heater. New central A/C installed in July 2022. Recent improvements include windows, roof, gutters, soffits, and fascia (2022). Newer appliances (2025) installed at 12 N Park Ave, sewer line professionally addressed (2025), and units have been well maintained, helping minimize near-term capital expenses. The property features strong curb appeal, two separate private driveways providing ample parking, and full unfinished basements for each unit. Located in a quiet residential setting with convenient access to restaurants, major highways, Gurnee Mills, Six Flags, Wisconsin access, downtown Chicago, casinos, hospitals, city hall, police station, and just steps from Ray Bradbury Park. Rare opportunity offering strong rental demand, flexibility, and long-term investment potential.

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Baird & Warner Gayle Stellas 847.602.6266 Email

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Estimated Payment

$ 1,688.24 per month $1,064.44 Principal & Interest $484.08 Property Tax $139.71 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Heating: Forced Air
Home Style: Colonial
Lot Size: 4792 SF
Roof Type: Asphalt
Taxes: $5,809
Year Built: 1910

Feature Descriptions

Exterior: Vinyl Siding
Lot Dimensions: 4792 SF
Other Equipment: Ceiling Fan(s)
Parcel#: 08213021100000
Parking: Off Street, Driveway, Yes, Owned
Sewer: Public Sewer
Total Rooms: 12
Township: Waukegan
Water: Public

Schools

School District: District 60

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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