724 10th St Waukegan, IL 60085
Estimated payment $2,426/month
Highlights
- Property is near public transit
- Baseboard Heating
- 4-minute walk to Citizens Park
- Forced Air Heating System
About This Home
724 & 720 10th Street have separate PIN numbers & are being sold together. 724 10th Street offers Five Units with Four 2 bedroom apartments & One 1 bedroom apartment with a full basement sitting on a 25 X 135 lot. All electric & gas are separate, electric updated and to code. 720 10th Street is a 50 X 135 paved lot being used by tenants of 724 10th Street for parking. Long Term Tenants are on Month to month. Rental income potential is higher than current rents. This property offers a positive cash flow for any investor looking for a long term investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,044
Year Built
- Built in 1910
Lot Details
- 3,375 Sq Ft Lot
- Lot Dimensions are 25 x 135
- Additional Parcels
Parking
- 13 to 18 Parking Spaces
Utilities
- Forced Air Heating System
- Baseboard Heating
- Hot Water Heating System
- Radiant Heating System
Additional Features
- 2-Story Property
- Property is near public transit
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $480
- Fuel Expense $900
- Insurance Expense $1,800
- Maintenance Expense $500
- Trash Expense $1,200
- Water Sewer Expense $1,440
- Operating Expense $14,364
- Gross Income $45,600
- Net Operating Income $31,236
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,553 | $88,844 | $4,242 | $84,602 |
| 2023 | $5,997 | $80,097 | $3,798 | $76,299 |
| 2022 | $5,997 | $61,339 | $2,949 | $58,390 |
| 2021 | $5,715 | $54,813 | $2,568 | $52,245 |
| 2020 | $5,305 | $46,795 | $2,395 | $44,400 |
| 2019 | $5,339 | $42,880 | $2,195 | $40,685 |
| 2018 | $3,560 | $27,537 | $2,447 | $25,090 |
| 2017 | $3,466 | $24,363 | $2,165 | $22,198 |
| 2016 | $4,141 | $26,798 | $2,687 | $24,111 |
| 2015 | $4,052 | $23,985 | $2,405 | $21,580 |
| 2014 | $6,570 | $38,833 | $1,759 | $37,074 |
| 2012 | $7,876 | $42,071 | $1,905 | $40,166 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/27/2025 09/27/25 | Pending | -- | -- | -- |
| 09/19/2025 09/19/25 | For Sale | $329,975 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Administrators Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Stewart Title Company | |
| Sheriffs Deed | -- | -- | |
| Quit Claim Deed | -- | Attorneys Natl Title Network | |
| Warranty Deed | $180,000 | Attorneys Natl Title Network | |
| Quit Claim Deed | -- | Attorneys Natl Title Network | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $174,890 | FHA |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12474101
APN: 08-28-324-029
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