Sold385d on marketHistoric · 95 yrs
521 Lorraine Ave
Waukegan, IL, 60085 • 60085 • Lake County
$300,000
3Beds
2Baths
0.16 acLot
1931Built
Property DNA
Character Home
Built 1931 · 95 years of history
2-Car Garage
On Site · Garage Owned · Detached · Garage
This home is in high demand
Listed 385 days ago · 1 views · Top 10% likely to sell soon
Market activity
Demand and pricing signals for this listing
1 views
People checking out this listing
385 days on market
Established listing
Selling Soon Prediction
Very HighThis home ranks in the top 10% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1931 · Historic
This charming and well-kept 2-unit building is perfect for investors or owner-occupants! The property features one spacious 2-bed, 1-bath unit and one cozy 1-bed, 1-bath unit, offering great flexibility for tenants. Situated on a desirable corner lot, this property boasts a shared garage, providing extra convenience. Tenants will appreciate the new, free in-building washer and dryer, making laundry easy and cost-free! With excellent maintenance and strong rental potential, this is a fantastic opportunity you don't want to miss. Schedule your showing today!
Standout features identified
Our analysis highlights corner lot and shared garage as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,871/month
Principal & Interest$1,471
Property Tax$300
Insurance$100
Down payment20% ($60,000)
3%50%
Est. 6.20% rate · 30yr fixed · $240,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1931
HeatingNatural Gas, Forced Air
Parking2 Garage spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1931
Systems
HeatingNatural Gas, Forced Air
RoofAsphalt
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOn Site, Garage Owned, Detached, Garage
Garage2 spaces
BasementUnfinished,Full
FencingFenced
Lot6,969 sqft
Location & Tax
Neighborhood60085
ZoningMULTI
Annual tax$5,021
Parcel0820203021
Bathrooms & Fees
Full baths2
Features & details
4 categories of property features
Interior Features
Heating
Natural Gas
Forced Air
Exterior Features
Parking
On Site
Garage Owned
Detached
Garage
Construction
Brick
Lot Features
Corner Lot
Listing insights
Market data and value estimates
StatusSold
Days on market385
Est. value$286,400
Est. rent$1,928/mo
Tax rate2.60%
On marketFeb 11, 2025
PostedFeb 11, 2025
Last sold$300,000
MLS statusClosed
MLS updatedMar 23, 2025
Tour days6
Views1
How are the schools in Waukegan?
3 schools rated nearby
Location
Waukegan, IL, 60085
Price history
13 events
DateEventPrice$/sqftSource
Mar 20, 2025Sold$300,000—MRED as distributed by MLS GRID
Feb 17, 2025Contingent$295,000—MRED as distributed by MLS GRID
Feb 11, 2025Listed For Sale$295,000—MRED as distributed by MLS GRID
Jun 23, 2023Sold$255,000—MRED as distributed by MLS GRID
May 25, 2023Contingent$265,000—MRED as distributed by MLS GRID
May 24, 2023Listed For Sale$265,000—MRED as distributed by MLS GRID
May 15, 2023Contingent$265,000—MRED as distributed by MLS GRID
May 10, 2023Listed For Sale$265,000—MRED as distributed by MLS GRID
May 4, 2023Contingent$265,000—MRED as distributed by MLS GRID
Apr 22, 2023Listed For Sale$265,000—MRED as distributed by MLS GRID
Mar 21, 2013Sold$94,500—Public Record
Feb 1, 2013Pending Sale$99,900—RE/MAX Showcase
Jan 26, 2013Listed For Sale$99,900—RE/MAX Showcase
Sold$300,000
Mar 20, 2025•MRED as distributed by MLS GRID
Contingent$295,000
Feb 17, 2025•MRED as distributed by MLS GRID
Listed For Sale$295,000
Feb 11, 2025•MRED as distributed by MLS GRID
Sold$255,000
Jun 23, 2023•MRED as distributed by MLS GRID
Contingent$265,000
May 25, 2023•MRED as distributed by MLS GRID
Listed For Sale$265,000
May 24, 2023•MRED as distributed by MLS GRID
Contingent$265,000
May 15, 2023•MRED as distributed by MLS GRID
Listed For Sale$265,000
May 10, 2023•MRED as distributed by MLS GRID
Contingent$265,000
May 4, 2023•MRED as distributed by MLS GRID
Listed For Sale$265,000
Apr 22, 2023•MRED as distributed by MLS GRID
Sold$94,500
Mar 21, 2013•Public Record
Pending Sale$99,900
Feb 1, 2013•RE/MAX Showcase
Listed For Sale$99,900
Jan 26, 2013•RE/MAX Showcase
Tax history
22 years of records
YearTax paidAssessed value
Apr 10, 2023$5,022$66,745
Apr 10, 2022$4,915$53,255
Apr 10, 2021$5,121$50,272
Apr 10, 2020$5,187$45,759
Apr 10, 2019$5,220$41,930
Apr 10, 2018$4,600$36,550
Apr 10, 2017$4,600$32,336
Apr 10, 2016$4,248$28,099
Apr 10, 2015$4,447$25,457
Apr 10, 2014$3,507$26,264
Apr 10, 2012$3,464$28,455
Apr 10, 2011$3,751$43,686
Apr 10, 2010$5,288$52,940
Apr 10, 2009$5,207$60,311
Apr 10, 2008$5,084$62,042
Apr 10, 2006$4,759$57,240
Apr 10, 2005$4,552—
Apr 10, 2004$4,389—
Apr 10, 2003$4,309—
Apr 10, 2002$3,469—
Apr 10, 2001$3,115$38,461
Apr 10, 2000$2,733$37,057
Nearby homes
Neighborhood details
Local context around this listing
Waukegan, IL • Lake County
Nearby neighborhoods
Downtown WaukeganSouth Sheridan
Nearby cities
AntiochBuffalo GroveGurneeHighland ParkLibertyvilleMundeleinRound Lake BeachVernon Hills
Nearby zip codes
600796008560087
Similar homes
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)
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