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224 S Lincoln Ave, Waukegan, IL, 60085

5beds
--baths
2,476sqft
$200,000
$81price/sqft
$1,703/moest. monthly cost
$68,120/yrincome needed

About This Home

Great Potential with Endless Possibilities! This spacious two-story home offers incredible potential for the right buyer. The first floor features a generously sized living room, a separate dining room, a kitchen, two bedrooms, and a full bathroom. Upstairs, you'll find three additional bedrooms, a second full bathroom, and a versatile loft that can be used as a home office, playroom, or additional living space. Additional features include a full basement, a walk-up attic, and a detached two-car garage, providing plenty of storage and expansion possibilities. The property is in need of updating and is being sold as is, making it an excellent opportunity for investors, rehabbers, or buyers looking to customize a home to their own style. Don't miss the chance to bring your vision to life!

Getting Around

76
WalkingVery Walkable
40
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

2/10
North Elementary SchoolGrades PK-51.0 mi
3/10
1/10
Waukegan High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedroom2

  • Features: Flooring (Vinyl)
  • Level: Main
  • Area: 130
  • Dimensions: 13X10

Bedroom3

  • Features: Flooring (Vinyl)
  • Level: Second
  • Area: 156
  • Dimensions: 13X12

Bedroom4

  • Features: Flooring (Vinyl)
  • Level: Main
  • Area: 120
  • Dimensions: 12X10

Bedroom5

  • Features: Flooring (Vinyl)
  • Level: Main
  • Area: 80
  • Dimensions: 10X08

Bedrooms & Bathrooms

  • Bedrooms: 5

Dining Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 195
  • Dimensions: 15X13

Heating & Cooling

  • Heating features: Natural Gas,Steam
  • Cooling features: None

Interior Area

  • Total structure area: 0
  • Total interior livable area: 2,476 sqft

Kitchen

  • Features: Kitchen (Eating Area-Table Space),Flooring (Laminate)
  • Level: Main
  • Area: 154
  • Dimensions: 14X11

Living Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 208
  • Dimensions: 16X13

Loft

  • Level: Second
  • Area: 99
  • Dimensions: 11X09

Master Bedroom

  • Features: Flooring (Vinyl)
  • Level: Second
  • Area: 169
  • Dimensions: 13X13

Office

  • Level: Second
  • Area: 99
  • Dimensions: 11X09

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 08213180120000
  • Special condition: None

Features

  • Stories: 2

Lot

  • Lot size: 6,098 sqft
  • Lot size dimensions: 54X119

Parking

  • Total spaces: 2
  • Parking features: Asphalt,Yes,Garage Owned,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,011$12,132
Home Insurance *$126$1,512
Property Taxes $376$4,512
Electricity $190$2,285
Total$1,703$20,436
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,388/yr
40% on housing$51,090/yr
45% on housing$45,413/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.8%
12.8%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$81This listing

vs Other Active Listings

Avg $/sqft

ZIP 60085$134
Lake County$238

vs Homes Sold Last Month

Median $/sqft

ZIP 60085$190
Lake County$214

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-10Contingent$200,000
2026-08-01Listed for sale$200,000

For Sale by Agent

AgentTomas Gomez
BrokerageFreedom Realty

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