$239,900

beds

bath

half bath

515 May Street

Waukegan, Illinois 60085

New / MLS #12534517 / Multiple Unit (2-4) / Waukegan

Listing information updated 12/18/2025 at 2:43pm

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!

Full Features

Exterior Type:

Aluminum Siding,Block

Basement:

Unfinished,Partial

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

100+ Years

Roof Type:

Asphalt

Parking Type:

Yes,Owned

Parking Spaces:

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Acreage:

0.11

Taxes & Assessments

Tax Amount:

$5,700

Tax Year:

2024

Location

Zip Code:

60085

City:

Waukegan

County:

Lake

Schools

School District(s):

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Exterior Type:

Aluminum Siding,Block

Basement:

Unfinished,Partial

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

100+ Years

Roof Type:

Asphalt

Parking Type:

Yes,Owned

Parking Spaces:

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Acreage:

0.11

Tax Amount:

$5,700

Tax Year:

2024

Zip Code:

60085

City:

Waukegan

County:

Lake

School District(s):

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Real Broker, LLC

Listing Office Phone: 855.450.0492

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/18/2025 at 2:43pm. 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. Some listings have been excluded from this website.