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Price cut: $10,000
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Two to Four Units · Waukegan, IL
$439,000$449,000
8 beds · 4 baths
10-12 Park Avenue, Waukegan, IL, 60085
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What’s special

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.
— the listing agent’s description

The home

8 beds
4 baths
Built in 1910
Lot 4792 SF
Two to Four Units
Colonial

What it’ll cost

$5,809 taxes / yr
No HOA
Listed $449,000
Now $439,000
10 days on dwello

Estimated monthly payment

$2,946/mo
Principal & interest$2,334
Property taxes$484
Homeowners insurance$128
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10 days on dwello
Price history
Price reduced
Apr 21, 2026
↓ $10,000$439,000
Listed for sale
Apr 13, 2026
$449,000
Now $10,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$5,809/yr
From county records — verify with the assessor.

Features

Forced AirVinyl SidingPublic SewerOff StreetDriveway
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Jinhee Yang · Baird & Warner
Listing last updated Apr 21, 2026 · data refreshed from the MLS Apr 24, 2026, 12:55 PM CT
Based on information submitted to the MLS GRID as of Apr 24, 2026, 12:55 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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