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Two-Unit Duplex with Fenced Yard
New
For Sale
$220,000

242 S Victory Street, Waukegan, IL 60085

Residential Income, Waukegan, IL

Property SizeContact for details
Lot Size0.15 Acres
Days on Market2

Property Features for 242 S Victory Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Basement, Bathroom 2, Bathroom 1
Parking 6
Parking features Driveway, Owned
Window features Screens
Fencing Fenced
Basement Partial
Elementary school district 60
Middle school district 60
High school district 60
Directions 242 S Victory Ave , Waukegan, IL 60085
Subdivision Park City / Waukegan
Standard status Active
APN 08281020310000
Lot size 0.15 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5213

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Amenities

off-street parking
partially fenced yard

Building Details

Year built 1910
Building materials Aluminum Siding, Vinyl Siding, Steel Siding
Roof type Asphalt
Architectural style Colonial
Listing Agency: Century 21 Circle · Century 21 Real Estate
Listed By: Maureen Solache · License #475137216
Added: Oct 30 Last Checked: Oct 31 at 7:06PM
MLS# 12798043

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 1910-built duplex contains two three-bedroom, one-bathroom residences, both currently rented. The property has a newer roof and newer water heaters, along with a partially fenced yard and driveway parking. Public water and sewer serve the site, which is zoned MULTI.

The parcel measures 0.15 acres in Waukegan, Illinois.

Key Highlights

  • Two rented units, each with 3 bedrooms and 1 bathroom
  • Newer roof and water heaters
  • 0.15‑acre parcel

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

881
Businesses Nearby

Demographics for 60085, IL

71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences are rented, with off-street parking and a partially fenced yard.
Where is this duplex located?
The property is located at 242 S Victory Street Waukegan, IL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two rented units, each with 3 bedrooms and 1 bathroom; Newer roof and water heaters; 0.15‑acre parcel
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