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$269,000

557 W Water St Waukegan, IL 60085

4 beds
1 full, 1 partial
1,200 sqft
0.10 acres
$224 / sqft
House

Property details

About 557 W Water St

Spacious and beautifully updated, this two-story home offers four bedrooms and 1.5 bathrooms-perfect for comfortable family living. The brand-new kitchen features abundant cabinet space, expansive countertops, extra deep stainless sink and modern appliances, including a double oven, dishwasher, and refrigerator-ideal for cooking and entertaining. New bathroom vanities with new faucets and countertops. Enjoy new flooring and carpeting throughout, fresh painted interior, all-new interior and exterior doors for a refreshed, contemporary feel. The home also includes a full basement with laundry hook-ups and plenty of storage space, plus a 2.5-car detached garage. Conveniently located near downtown Waukegan, Lake Michigan, and the Metra station, this home offers both comfort and accessibility. Marketed AS-IS - but truly move-in ready!

Highlights

Home typeSingle Family Residence
HeatingNatural Gas, Forced Air
StatusActive
(New)
CoolingCentral Air
Size1,200 sqft
BasementYes
Lot size0.1 Acres
Year built1900
ParkingShared Driveway, On Site, Garage Owned, Detached, Garage
MLS #12386908
Garage2 spaces

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Refrigerator
  • Basement: Yes
  • Interior: 1st Floor Bedroom, Separate Dining Room
  • Total Bedroom Count: 4
  • Garage Space: 2 spaces
  • Parking: Shared Driveway, On Site, Garage Owned, Detached, Garage
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air
  • List Price: $269,000
  • Price/SqFt: $224
  • HOA Amount: $0
  • Annual Tax Amount: $2,840
  • Tax Year: 2023
  • Directions: WASHINGTON & LEWIS E2 PARK S2 WATER E2 ADDRESS
  • Year Built: 1900
  • Living Area: 1,200 SqFt
  • Lot Size: 0.1 Acres
  • MLS Number: 12386908
  • MLS Name: MRED
  • Office Name: RE/MAX United
  • Office Phone: (847) 215-5555
  • Listing Agent: Mary Zoubouridis

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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Copyright © 2025 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Jan 25, 2011
Home Sold
$22,000
Apr 28, 2006
Home Sold
$139,500
May 17, 2001
Home Sold
$66,000

Tax history

YearAssessmentProperty Tax
2023$35,741$2,840
2022$29,052$2,296
2021$22,030$2,206
2020$19,466$2,220
2019$17,838$2,220
2018$17,312$2,178
2017$15,316$2,178

History based on county public records data.

Nearby schools

5

Andrew Cooke Magnet Elementary School

Public Magnet PK-5

0.2 mi

522 Belvidere Rd

3

Carman-Buckner Elementary School

Public District PK-5

0.7 mi

520 Helmholz Ave

5

North Elementary School

Public District PK-5

0.8 mi

410 Franklin St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $36,316. Most Waukegan, IL residents have annual incomes less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

48%
<35k
44%
35k-100k
7%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

48%
Single, No Kids
18%
Single, with Kids
8%
Married, No Kids
26%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

21%
<11 yrs old
11%
12-17 yrs old
25%
18-34 yrs old
37%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • Pro BoxingPro Boxing
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • PopeyesPopeyes
  • Golden CorralGolden Corral

What do the neighbors drive?

  • CadillacCadillac
  • DodgeDodge
  • KiaKia

What do the neighbors listen to?

  • JazzJazz
  • Urban ContemporaryUrban Contemporary
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 557 W Water St

The listing price of 557 W Water St property is $269,000.

The property 557 W Water St is a house located in Waukegan, Illinois, 60085.

Active Listing: 557 W Water St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 557 W Water St are: Andrew Cooke Magnet Elementary School (GreatSchools Rating 5/10), Carman-Buckner Elementary School (GreatSchools Rating 3/10), North Elementary School (GreatSchools Rating 5/10), Robert E Abbott Middle School (GreatSchools Rating 2/10), Miguel Juarez Middle School (GreatSchools Rating 1/10), Thomas Jefferson Middle School (GreatSchools Rating 3/10), Waukegan High School (GreatSchools Rating 1/10), North Chicago Community High School (GreatSchools Rating 2/10), Lake Forest High School (GreatSchools Rating 10/10).

According to the records, the last property tax for 2023 is $2,840 (source: MLS/based on county public records data).

The last sale was on January 25, 2011 for $22,000 (source: MLS/tax record).

The property at 557 W Water St has 4 bedrooms and 1 full and 1 half bathrooms.

The property 557 W Water St is 1,200 SqFt (source: MLS/tax record).

The year of construction for 557 W Water St is 1900.

This home is located at 557 W Water St in Waukegan, IL and zip code 60085 in the McKays neighborhood. This 1,200 square foot home, which was built in 1900, sits on a 0.10 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 14, 2025 and is currently priced at $269,000.

While more than 29 listings in Waukegan, IL in June 2025 were sold above asking price, there were more than 7 listings sold at asking price, and more than 13 were sold below. The number of homes for sale in Waukegan, IL increased by 21.1% between May and June 2025. While the average time on the market in June 2025 was 12 days, the median list price was $240,000.

From Rocket Homes Real Estate and based on county public records data.

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