Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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!
  1. Listed by Katelyn Garcell • Real Broker, LLC
    P: (630)-999-0958 C: (630)-999-0958 katelyngarcell@gmail.com

Property Details for 515 May Street

Area
Park City / Waukegan
Township
Waukegan
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Heat/Fuel
Natural Gas
Zoning
MULTI
LISTING UPDATED: 01/09/2026 09:51 AM

Property Details for 515 May Street

StatusContingent
MLS #12534517
Days on Market23
Taxes$5,700 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built1915
Lot Size0.11 AC / 4,791 SF
CountyLake County

Location

Listing Courtesy of Real Broker, LLC
Add your commute

Building Information for 515 May Street

Stories-Residences1Year Built1915Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$1,644 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,169

Property Taxes

$475

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 515 May Street

General Information
School Information
  • Elementary School District: 60
  • High School District: 60
  • Middle Or Junior School District: 60
Addtl Parking Information
  • Parking Details: Yes, Owned
Property Information
Interior Features
  • Num Of Rooms: 5
  • Bedrooms Total: 5
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Partial
  • Bedrooms Possible: 5
  • # Full Baths in Building: 1
  • # Half Baths in Building: 1
  • Num of Baths: 1.1
Exterior Features
  • Fencing: Fenced
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2020
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Size Source: County Records
  • Lot Dimensions: 4922
  • Total # Units in Building: 1.0
  • Other Structures: Second Residence
  • Waterfront: No
  • Construction: Aluminum Siding, Block
  • Roof Type: Asphalt
  • General Information: None
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 1
  • Document Date: 2025-12-20T03:53:55
  • Photos Count: 19
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 515 May Street

DateEvent & SourcePriceAppreciation
Jan 8, 2026

Contingent

MRED #12534517

Jan 1, 2026

Listed (Active)

MRED #12534517

$239,900
Dec 22, 2025

Contingent

MRED #12534517

Dec 18, 2025

Listed (Active)

MRED #12534517

$239,900
Nov 16, 2021

Sold (Public Record)

Public Record #1479031865

$105,000

+32.3% / yr

Nov 16, 2021

Sold

MRED #11196584

$105,000
Sep 22, 2021

Contingent

MRED #11196584

Sep 21, 2021

Pending

MRED #11196584

Sep 20, 2021

Contingent

MRED #11196584

Sep 11, 2021

Listed (Active)

MRED #11196584

$120,000
Sep 2, 2021

Contingent

MRED #11196584

Aug 20, 2021

Listed (Active)

MRED #11196584

$120,000
Jun 3, 2021

Cancelled

MRED #10991902

$155,000
Mar 30, 2021

Listed (Active)

MRED #10991902

$155,000
Feb 9, 2021

Cancelled

MRED #10966909

$155,000
Jan 8, 2021

Cancelled

MRED #10962776

$160,000
Jan 8, 2021

Listed (Active)

MRED #10966909

$160,000
Jan 4, 2021

Cancelled

MRED #10961315

$160,000
Jan 4, 2021

Listed (Active)

MRED #10962776

$160,000
Jan 1, 2021

Listed (Active)

MRED #10961315

$160,000
Dec 18, 2015

Sold

MRED #09085479

$20,000
Dec 17, 2015

Sold (Public Record)

Public Record #563347780

$20,000
Dec 3, 2015

Pending

MRED #09085479

Nov 12, 2015

Listed (Active)

MRED #09085479

$30,000
Dec 7, 2009

Cancelled

MRED #07278939

$60,000
Jul 22, 2009

Cancelled

MRED #07130106

Jul 22, 2009

Listed (Active)

MRED #07130106

$90,000
Jul 22, 2009

Cancelled

MRED #07130106

$65,000
Jul 22, 2009

Listed (Active)

MRED #07278939

$65,000
Jun 8, 2009

Cancelled

MRED #07154105

$65,000
Mar 7, 2009

Listed (Active)

MRED #07154105

$80,000
Feb 8, 2009

Listed (Active)

MRED #07130106

$90,000
Oct 29, 2008

Expired

MRED #06717222

$95,000
Jan 9, 2008

Listed (Active)

MRED #06717222

$99,900
DateEvent & SourcePrice
01/08/2026

Contingent

MRED #12534517

01/01/2026

Listed (Active)

MRED #12534517

$239,900
12/22/2025

Contingent

MRED #12534517

12/18/2025

Listed (Active)

MRED #12534517

$239,900
11/16/2021

Sold (Public Record)

Public Record #1479031865

$105,000

+32.3% / yr

11/16/2021

Sold

MRED #11196584

$105,000
09/22/2021

Contingent

MRED #11196584

09/21/2021

Pending

MRED #11196584

09/20/2021

Contingent

MRED #11196584

09/11/2021

Listed (Active)

MRED #11196584

$120,000
09/02/2021

Contingent

MRED #11196584

08/20/2021

Listed (Active)

MRED #11196584

$120,000
06/03/2021

Cancelled

MRED #10991902

$155,000
03/30/2021

Listed (Active)

MRED #10991902

$155,000
02/09/2021

Cancelled

MRED #10966909

$155,000
01/08/2021

Cancelled

MRED #10962776

$160,000
01/08/2021

Listed (Active)

MRED #10966909

$160,000
01/04/2021

Cancelled

MRED #10961315

$160,000
01/04/2021

Listed (Active)

MRED #10962776

$160,000
01/01/2021

Listed (Active)

MRED #10961315

$160,000
12/18/2015

Sold

MRED #09085479

$20,000
12/17/2015

Sold (Public Record)

Public Record #563347780

$20,000
12/03/2015

Pending

MRED #09085479

11/12/2015

Listed (Active)

MRED #09085479

$30,000
12/07/2009

Cancelled

MRED #07278939

$60,000
07/22/2009

Cancelled

MRED #07130106

07/22/2009

Listed (Active)

MRED #07130106

$90,000
07/22/2009

Cancelled

MRED #07130106

$65,000
07/22/2009

Listed (Active)

MRED #07278939

$65,000
06/08/2009

Cancelled

MRED #07154105

$65,000
03/07/2009

Listed (Active)

MRED #07154105

$80,000
02/08/2009

Listed (Active)

MRED #07130106

$90,000
10/29/2008

Expired

MRED #06717222

$95,000
01/09/2008

Listed (Active)

MRED #06717222

$99,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 515 May Street

Taxable ValueLand$6,413Additions$59,272Total$65,685
Tax Record2024$5,582 ($465 / month)
Home Facts
Baths2Total Finished SqFt750 SqFtAbove Grade Finished SqFt750 SqFtStories1Lot Size4,922 SqFtStyleMulti-Family Dwelling (2-4)Year Built1915Year Renovated1950CountyLAKEAPN08-28-311-034

Schools near 515 May Street

This home is within Waukegan Community Unit School District 60.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Carman-Buckner Elementary School
PublicPK to 5

Thomas Jefferson Middle School
Public6 to 8

Waukegan High School
Public9 to 12

Andrew Cooke Magnet Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/09/2026 09:51 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.