For Sale59d on market
505 Lorraine Ave
Waukegan, IL, 60085 • 60085 • Lake County
$269,900
$258/sqft
-$5,000 since Apr 3, 2026
Down payment assistance available
3Beds
1Baths
1,048Sqft
0.13 acLot
1948Built
Property DNA
Cape Cod Style
Built 1948 · 78 years of history
Lorraine Terrace
60085
2-Car Garage
Off Alley · Heated Garage · Yes · Garage Owned · Detached · Garage
Premium Finishes
Walk-In Closet(s)
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 59 days ago · 1,228 views · 34 saves
Market activity
Demand and pricing signals for this listing
1,228 views
People checking out this listing
34 saves
Buyers have saved this home
59 days on market
Established listing
$258/sqft
Price per square foot
About this home
Single Family · Built 1948
Move-in ready 3 bedroom & 1 bathroom cape cod. Main floor has hardwood floors throughout most of the rooms including the living room & 2 bedrooms. Eat-in kitchen. 1st floor full bath. 2nd floor private 3rd bedroom with hardwood floors & 2 closets. All bedrooms have ceiling fans.Large basement family room with bar. Basement utility room with washer & dryer. Private back yard with extra-large 2-car heated garage off rear alley. Come visit your new home today!
Estimated monthly payment
Based on current rates
$1,683/month
Principal & Interest$1,323
Property Tax$270
Insurance$90
Down payment20% ($53,980)
3%50%
Est. 6.20% rate · 30yr fixed · $215,920 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1948
HeatingNatural Gas, Forced Air
CoolingCentral Air
Parking2 Garage spaces
Lot5,750 sqft
Days on Zillow59 Days
Price/sqft$258
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleCape Cod
Year built1948
Stories1
Systems
HeatingNatural Gas, Forced Air
CoolingCentral Air
ConstructionAluminum Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOff Alley, Heated Garage, Yes, Garage Owned, Detached, Garage
Garage2 spaces
BasementPartially Finished,Full
Lot5,750 sqft
Location & Tax
Neighborhood60085
Annual tax$3,870
Parcel0820212004
Bathrooms & Fees
Full baths1
Features & details
8 categories of property features
Interior Features
Interior
1st Floor Bedroom
1st Floor Full Bath
Walk-In Closet(s)
Appliances
Range
Microwave
Refrigerator
Washer
Dryer
Flooring
Hardwood
Heating
Natural Gas
Forced Air
Cooling
Central Air
Accessibility
No Disability Access
Exterior Features
Parking
Off Alley
Heated Garage
Yes
Garage Owned
Detached
Garage
Construction
Aluminum Siding
Room details
19 rooms detailed
Master Bedroom
Main10×12 ft120 sqft
Flooring (Hardwood)
Bedroom2
Main10×12 ft120 sqft
Flooring (Hardwood)
Bedroom3
Second10×15 ft150 sqft
Flooring (Hardwood)
Bedroom4
Other
Other
Listing insights
Market data and value estimates
StatusFor Sale
Days on market59
Est. value$267,500
Est. rent$2,156/mo
Tax rate2.60%
Price/sqft$258
On marketFeb 9, 2026
PostedFeb 9, 2026
Last sold$30,000
MLS statusActive
MLS updatedApr 8, 2026
Tour days9
Views1,228
Favorites34
How are the schools in Waukegan?
3 schools rated nearby
Location
Waukegan, IL, 60085
Price history
17 events
DateEventPrice$/sqftSource
Apr 3, 2026Price Change$269,900$258MRED as distributed by MLS GRID
Mar 19, 2026Price Change$274,900$262MRED as distributed by MLS GRID
Feb 26, 2026Price Change$277,900$265MRED as distributed by MLS GRID
Feb 9, 2026Listed For Sale$279,900$267MRED as distributed by MLS GRID
Jan 19, 2026Listing Removed$279,900$267MRED as distributed by MLS GRID
Jan 5, 2026Listed For Sale$279,900$267MRED as distributed by MLS GRID
Oct 20, 2023Listing Removed——Zillow Rentals
Oct 3, 2023Listed For Rent$1,800$2Zillow Rentals
Feb 24, 2021Listing Removed——Owner
Nov 17, 2020Listing Removed$1,450$1Owner
Nov 10, 2020Price Change$1,450$1Owner
Nov 9, 2020Listed For Rent$1,400$1Owner
Aug 17, 2018Listing Removed$1,300$1Owner
Jun 18, 2018Listed For Rent$1,300$1Owner
Mar 24, 2015Sold$30,000$29Public Record
Dec 18, 2014Listing Removed$1,000$1Williams & Williams Worldwide Real Estate Auction
Nov 20, 2014Listed For Sale$1,000$1Williams & Williams Worldwide Real Estate Auction
Price Change$269,900
Apr 3, 2026•$258/sqft•MRED as distributed by MLS GRID
Price Change$274,900
Mar 19, 2026•$262/sqft•MRED as distributed by MLS GRID
Price Change$277,900
Feb 26, 2026•$265/sqft•MRED as distributed by MLS GRID
Listed For Sale$279,900
Feb 9, 2026•$267/sqft•MRED as distributed by MLS GRID
Listing Removed$279,900
Jan 19, 2026•$267/sqft•MRED as distributed by MLS GRID
Listed For Sale$279,900
Jan 5, 2026•$267/sqft•MRED as distributed by MLS GRID
Listing Removed—
Oct 20, 2023•Zillow Rentals
Listed For Rent$1,800
Oct 3, 2023•$2/sqft•Zillow Rentals
Listing Removed—
Feb 24, 2021•Owner
Listing Removed$1,450
Nov 17, 2020•$1/sqft•Owner
Price Change$1,450
Nov 10, 2020•$1/sqft•Owner
Listed For Rent$1,400
Nov 9, 2020•$1/sqft•Owner
Listing Removed$1,300
Aug 17, 2018•$1/sqft•Owner
Listed For Rent$1,300
Jun 18, 2018•$1/sqft•Owner
Sold$30,000
Mar 24, 2015•$29/sqft•Public Record
Listing Removed$1,000
Dec 18, 2014•$1/sqft•Williams & Williams Worldwide Real Estate Auction
Listed For Sale$1,000
Nov 20, 2014•$1/sqft•Williams & Williams Worldwide Real Estate Auction
Tax history
22 years of records
YearTax paidAssessed value
Apr 9, 2023$4,353$51,562
Apr 9, 2022$3,447$46,164
Apr 9, 2021$2,585$41,259
Apr 9, 2020$3,252$28,686
Apr 9, 2019$3,273$26,286
Apr 9, 2018$3,057$24,289
Apr 9, 2017$3,057$21,489
Apr 9, 2016$2,823$18,673
Apr 9, 2015$1,406$16,713
Apr 9, 2014$1,548$19,304
Apr 9, 2012$2,479$20,914
Apr 9, 2011$2,502$28,823
Apr 9, 2010$3,225$34,584
Apr 9, 2009$3,270$40,102
Apr 9, 2008$3,215$41,253
Apr 9, 2006$2,826$36,022
Apr 9, 2005$2,681—
Apr 9, 2004$2,556—
Apr 9, 2003$2,549—
Apr 9, 2002$2,315—
Apr 9, 2001$2,069$26,724
Apr 9, 2000$1,798$25,577
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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