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Two-Unit Duplex with Basement
For Sale
$265,000

525 SOUTH Avenue, Waukegan, IL 60085

Residential Income, Waukegan, IL

Property SizeContact for details
Days on Market13

Property Features for 525 SOUTH Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2
Parking 4
Basement Unfinished, Full
Elementary school district 60
Middle school district 60
High school district 60
Directions BELVIDERE AND MCALISTER S 2 SOUTH AVE W2 HOUSE
Subdivision Park City / Waukegan
Standard status Active
APN 08281260000000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6314

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: HomeSmart Connect · HomeSmart International
Listed By: Marina Camenschi
Added: Sep 23 Changed: Sep 30 Last Checked: Oct 5 at 1:06PM
MLS# 12768148

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.

Investment Insights

Based on property information with market context.

This duplex contains two residences, each arranged with two bedrooms and one full bath. One unit is occupied by a tenant, while the other is owner occupied. The property is being sold as-is. An unfinished basement offers additional storage space.

Public water and sewer serve the property. Exterior features include vinyl siding and an asphalt roof, with natural gas heating. A laundromat is located nearby; shopping, transportation, schools, and everyday amenities are also in the surrounding area.

Key Highlights

  • Two units, each with 2 bedrooms and 1 full bath
  • Tenant‑occupied first unit and owner‑occupied second unit
  • Full unfinished basement provides storage

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Computer & Electronic Repair (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

465
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences have two bedrooms and one full bath, with separate occupancy arrangements.
Where is this duplex located?
The property is located at 525 SOUTH Avenue Waukegan, IL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; Tenant‑occupied first unit and owner‑occupied second unit; Full unfinished basement provides storage
More about this property
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