2511 Western Avenue, Waukegan, IL 60087
Lake County
Key Facts
Description
GREAT OPPORTUNITY TO OWN AN UPDATED 2-FLAT IN NORTHERN WAUKEGAN! Both units are currently rented, making this a great investment opportunity! Each unit features 2 bedrooms and 1 full bathroom, along with newer luxury vinyl flooring throughout. The property also offers a shared full basement with laundry hookups, private driveway parking, and several major updates already completed, including both hot water heaters replaced in 2022, newer furnaces in 2024, and a new roof in 2025. Located across from Western Tot Lot and close to the bike path, this property offers convenience, updates, and steady rental income potential. A must-see investment property!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Traditional
Year Built
1977
Lot Size
0.13 acres
Lot Dimensions
50 x 115 X 50 X 115
Parking Spaces
4
Ownership
Fee Simple
Zoning
MULTI
Days on Market
23
MLS® Listing#
12655270
Property Features
Heating
Basement
Parking
Patio
Construction
Foundation
Roof
Other Structures
Sewer
Schools
- High:
- Waukegan High School
- District:
- Waukegan High School
Financial Details
Annual Taxes
$6,979
Tax year 2025
Parcel Number
08091020100000
Directions
N Lewis E on Sunset to N to Western to House
Affordability Calculator
$66,000
Estimated monthly payment
$1,756/mo
Principal $264,000 · Est. interest $368,303 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Waukegan, IL
- $293,333
- Median Listing Price
- 27
- Median Days on Market
- 1,512
- Median Sq Ft
- $190
- Median Price / Sq Ft
- 42
- Active Listings
- This home’s price is 13% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Waukegan, IL.
Location
Points of Interest in Waukegan, IL
Showing the Waukegan area map.
Nearby Schools
Jack Benny Middle School
Secondary · 0.2 mi away
John S Clark Elementary School
Elementary · 0.3 mi away
Little Fort Elementary School
Elementary · 0.4 mi away
Lake County Baptist School
School · 0.9 mi away
Waukegan Technical School
School · 1.0 mi away
Oakdale Elementary School
Elementary · 1.2 mi away
Clearview Elementary School
Elementary · 1.3 mi away
H R McCall Elementary School
Elementary · 1.4 mi away
St. Anastasia Catholic School
Elementary · 1.5 mi away
Glen Flora Elementary School
Elementary · 1.5 mi away
Waukegan Public Schools
School · 1.6 mi away
Howe Elementary School
Elementary · 1.7 mi away
Champions at Howe Elementary
Elementary · 1.7 mi away
Oak Crest School
Elementary · 1.7 mi away
Champions at Oakcrest Elementary
Elementary · 1.7 mi away
Edith M Smith Middle School
Secondary · 1.8 mi away
Daniel Webster Middle School
School · 1.8 mi away
Glenwood Elementary School
Elementary · 1.8 mi away
Whittier Elementary School
Elementary · 1.9 mi away
Immanuel Ev. Lutheran Church
School · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 228 S Lincoln Avenue, Waukegan, IL | $244,900 | 4 | 1 | 1,892 |
| 427 S Elmwood Avenue, Waukegan, IL | $250,000 | 3 | 2 | 960 |
| 1527 Brookside Avenue, Waukegan, IL | $264,900 | 3 | 1 | 1,602 |
| 968 Lorraine Avenue, Waukegan, IL | $265,000 | 3 | 1 | 1,356 |
| 523 S McAlister Avenue, Waukegan, IL | $268,000 | 3 | 2 | 1,194 |
| 235 S WEST Street, Waukegan, IL | $270,000 | 3 | 2 | 930 |
Moving Cost Estimate
EXIT Agents in Waukegan
Listing Courtesy: RE/MAX Plaza - 8153856770
Last Updated: 2026-05-21