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Two-Unit Duplex with Garage
For Sale
$239,000

621 Helmholz Avenue, Waukegan, IL 60085

Leased two-unit property with an unfinished basement and detached garage on site.

Property SizeContact for details
Days on Market11

Property Features for 621 Helmholz Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,424

Building Details

Year Built 1915
Listing Agency: The Horvay Group LLC
Listed By: Brent Horvay
Source: Cavanaghrealty
Added: Aug 10 Changed: Aug 19 Last Checked: Aug 19 at 3:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Horvay Group LLC

Investment Insights

Based on property information with market context.

This Waukegan duplex contains two residential units, each configured with two bedrooms and one bathroom. The property includes a full unfinished basement and a garage on site, providing additional utility beyond the living areas. Built in 1915, the building offers an established residential configuration with separate lease terms for each unit.

Unit 1 is leased through 12/31/2026, while Unit 2 is leased through 04/30/2027. The property is located at 621 Helmholz Avenue in Waukegan, Illinois. A minimum of 24 hours’ notice is required for access, and the units are occupied by tenants.

Key Highlights

  • Two residential units, each with 2bed/1bth
  • Unit 1 lease runs through 12/31/2026
  • Unit 2 lease runs through 04/30/2027

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

508
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

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 - Leased two-unit property with an unfinished basement and detached garage on site.
Where is this duplex located?
The property is located at 621 Helmholz Avenue Waukegan, IL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two residential units, each with 2bed/1bth; Unit 1 lease runs through 12/31/2026; Unit 2 lease runs through 04/30/2027
More about this property
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