515 May Street, Waukegan, IL 60085

Closed

5 beds 0 baths Built 1915 Residential Income MLS #MRD12534517 22 days on market

Listing courtesy of Real Broker, LLC · 855-450-0492 · membership@therealbrokerage.com · MLS #MRD12534517 · Status: Closed

Rare Opportunity in Waukegan! This unique two-homes-on-one-lot property, offers outstanding flexibility for investors or owner-occupants. Ideal for those looking to live in one home while renting the other, or for multi-generational living with separate residences on one parcel. The main home is a two-story residence featuring 3 bedrooms and 1.5 bathrooms, a spacious living room, separate dining area, and a full basement, providing excellent storage. The second home offers 2 bedrooms and 1 bathroom and is currently tenant-occupied, offering immediate rental income. A versatile property with long-term potential-perfect for expanding your portfolio or creating a smart living arrangement. Main home has new roof & siding (2025)! Schedule your showing today!

Property details

Interior

Basement: Unfinished, Partial
Total rooms: 5

Building & exterior

Age: 100+ Years
Exterior: Aluminum Siding, Block
Roof: Asphalt
Other structures: Second Residence

Parking

Total spaces: 4
Parking details: Yes, Owned

Lot & location

Lot dimensions: 4922
Township: Waukegan
County: Lake

Utilities

Heating: Natural Gas
Water: Public
Sewer: Public Sewer

Schools

Elementary: (60)
Junior high: (60)
High school: (60)

Taxes & terms

Annual taxes: $5,700 (2024)
Parcel number (PIN): 08283110340000
PIN: 08283110340000
Ownership: Fee Simple
Possession: Closing
Special conditions: None
Listed: 12/18/2025
Sold: 3/11/2026
Sold price: $250,000

Want to see this home?

The Dawn Simmons Team (RE/MAX Suburban) can show you any listed property and give you a straight answer on what it's really worth. Call/text Josh at (224) 628-4013.

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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