418 Lawn Court, Waukegan, IL 60085
- Added:
- Jun 18, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 24 at 4:06 am
Property Features for 418 Lawn Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Basement, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
- Parking
- 2
- Parking features
- Garage
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 08212090430000
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1317
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1901
- Building materials
- Vinyl Siding
Listing agent Rosa Castaneda (888) 574-9405
Listing office eXp Realty 10 N. Martingale Rd, Ste 400, Chicago, IL (888) 574-9405
Listing date Jun 18, 2026
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.
HighLights
- Multi‑unit home with 2 separate units: main unit has 5 bedrooms and 2 full bathrooms
- Second unit has 1 bedroom and 1 full bathroom and is currently tenant occupied (tenant willing to remain)
- More than 1,900 sq ft of living space with a layout suited for multi‑generational living or supplemental rental use
- Oversized 2‑car garage plus abundant storage
- Central air conditioning and forced‑air heating
- Utilities: public water and public sewer; vinyl siding; built in 1901
Overview
Set in an established Waukegan neighborhood, the property sits on a generous lot with outdoor space. Additional amenities include an oversized two-car garage and abundant storage throughout. Heating is forced air, and the home also offers central air conditioning.
For buyers looking for an owner-occupant setup or a residential income strategy, the configuration supports living in the larger unit while having the option to keep the second unit occupied. The tenant’s willingness to stay or leave prior to closing adds flexibility for in-law suite, guest, or private living use depending on how the property is intended to be occupied after settlement.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.8k | $20.40 |
| − Vacancy | −$2.4k | −$1.26 |
| EGI | $36.4k | $19.14 |
| − OpEx | −$10.9k | −$5.74 |
| NOI | $25.5k | $13.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waukegan
- County
- Lake
- State
- Illinois
- Longitude
- -87.834888
- Latitude
- 42.366415
