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    Lake County, IL Apartment Buildings for Sale

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    Chicago, IL Springfield, IL Rockford, IL
    11 results
    Lakefront Multifamily Investment Opportunity
    $895,000
    0.45 Acres

    Lakefront Multifamily Investment Opportunity

    26198 W Spring Grove Road, Antioch, IL 60002

    8-unit multifamily property with lake frontage and income potential.

    • Direct lakefront property with 140 feet of Lake Catherine shoreline.
    • Stable in‑place income and proven occupancy.
    • Significant upside potential through below‑market rents.
    • Mix of unit types: 2 Three‑Bedroom, 2 Two‑Bedroom, and 4 One‑Bedroom units, including a standalone brick cottage.
    • Additional income from pier space rentals.
    Updated: May 14
    View details
    Waukegan Multifamily Investment Opportunity
    $519,000
    0.70 Acres

    Waukegan Multifamily Investment Opportunity

    1425 10th Street, Waukegan, IL 60085

    Five-unit property with income and potential for increased cash flow.

    • Consistent Income: Generates $5,700/month with a NOI of $44,250.
    • Upside Potential: Rents are below market, offering opportunity to increase cash flow.
    • Recent Major Updates: New roof, relatively new boiler and water heater (under 10 years old) limit near‑term capital expenses.
    • Fully Occupied: All 5 units are currently occupied, ensuring immediate income.
    • On‑Site Laundry: Provides an additional income stream.
    Updated: Apr 22
    View details
    Lakefront Rental Property in Fox Lake
    $550,000
    0.38 Acres

    Lakefront Rental Property in Fox Lake

    Fully furnished 5-unit property on Nippersink Lake.

    117 Nippersink Road, Fox Lake, IL 60020
    View details
    Mixed-Use Property in Waukegan, IL
    $283,975
    1,740 SF

    Mixed-Use Property in Waukegan, IL

    Mixed-use property with retail storefront and apartments in Waukegan.

    726 10th Street, Waukegan, IL 60085
    View details
    Vernon Hills Multifamily Investment Opportunity
    $699,900
    8,326 SF

    Vernon Hills Multifamily Investment Opportunity

    Five-unit apartment building in a desirable Vernon Hills location.

    630 Westmoreland Drive, Vernon Hills, IL 60061
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    Libertyville Multifamily De-Conversion Opportunity
    $5,200,000
    3,100 SF

    Libertyville Multifamily De-Conversion Opportunity

    32-unit multifamily property in Libertyville, Illinois, near I-94.

    375 West Winchester Road, Libertyville, IL 60048
    View details
    Top Floor Lake View Condo
    $325,000
    1,800 SF

    Top Floor Lake View Condo

    Spacious 3-bedroom condo with lake views and updated features.

    200 Lake Boulevard #452, Buffalo Grove, IL 60089
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    Renovated Housing Facility with Retail
    Contact for pricing

    Renovated Housing Facility with Retail

    Five-story building with 105 units and retail space in Highwood.

    700 Sheridan Rd, Highwood, IL 60040
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    Fully Occupied Multi-Family Property
    $525,000

    Fully Occupied Multi-Family Property

    Multi-family rental property with lake rights and income potential.

    40523 N IL Route 83, Antioch, IL 60002
    View details
    Mixed-Use Building in Waukegan
    $449,900
    0.16 Acres

    Mixed-Use Building in Waukegan

    Mixed-use building with restaurant and apartments in active commercial area.

    818 10th Street, Waukegan, IL 60085
    View details
    Mundelein Mixed-Use Investment Opportunity
    $1,450,000
    12,875 SF

    Mundelein Mixed-Use Investment Opportunity

    Fully equipped restaurant, convenience store, and residential units for sale.

    1116 Diamond Lake Rd, Mundelein, IL
    View details
    Based on your search, we've compiled 131 Potential Opportunities for your consideration. Besides 11 Active listings in Lake County, IL, we suggest exploring several alternatives: similar 116 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres

    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802
    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806
    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres

    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607
    View details

    Off-Market Properties in Lake County, IL

    Consider similar Off-Market properties in Lake County, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    534 Washington St

    534 Washington St

    APARTMENT HOUSE (UNDER 5 UNITS) • 9,261 SF
    Value Estimation
    $1,155,000
    534 Washington St, Round Lake Park, IL 60073-3063
    View details
    2301 Sheridan Rd

    2301 Sheridan Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 5,532 SF
    Value Estimation
    $675,000
    2301 Sheridan Rd, Zion, IL 60099-2302
    View details
    604 Avilon Ave

    604 Avilon Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,976 SF
    Value Estimation
    $500,000
    604 Avilon Ave, Round Lake, IL 60073-3298
    View details
    932 Cedar Lk Rd

    932 Cedar Lk Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,120 SF
    Value Estimation by Request
    932 Cedar Lk Rd, Round Lake Beach, IL 60073-2687
    View details
    930 Cedar Lk Rd

    930 Cedar Lk Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,160 SF
    Value Estimation by Request
    930 Cedar Lk Rd, Round Lake Beach, IL 60073-2688
    View details
    928 Cedar Lk Rd

    928 Cedar Lk Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,160 SF
    Value Estimation by Request
    928 Cedar Lk Rd, Round Lake Beach, IL 60073-2689
    View details
    2201 Galilee Ave

    2201 Galilee Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,976 SF
    Value Estimation by Request
    2201 Galilee Ave, Zion, IL 60099-2911
    View details
    2209 Galilee Ave

    2209 Galilee Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,976 SF
    Value Estimation by Request
    2209 Galilee Ave, Zion, IL 60099-2287
    View details
    2717 Galilee Ave

    2717 Galilee Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,840 SF
    Value Estimation by Request
    2717 Galilee Ave, Zion, IL 60099-2497
    View details
    1708 Joppa Ave

    1708 Joppa Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 5,328 SF
    Value Estimation by Request
    1708 Joppa Ave, Zion, IL 60099-1551
    View details
    1415 Fairfield Rd

    1415 Fairfield Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,400 SF
    Value Estimation
    $560,000
    1415 Fairfield Rd, Round Lake Beach, IL 60073-1506
    View details
    1716 Joppa Ave

    1716 Joppa Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 5,760 SF
    Value Estimation by Request
    1716 Joppa Ave, Zion, IL 60099-1576
    View details
    1720 Joppa Ave

    1720 Joppa Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 5,696 SF
    Value Estimation by Request
    1720 Joppa Ave, Zion, IL 60099-1579
    View details

    Lake County, IL Apartment Buildings Investment Opportunities Market Analysis

    Explore 127 apartment buildings for sale in Lake County, IL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 27,841 square feet of properties for sale, with an estimated market value of $7,958,875.

    Sale prices for two-family homes in Lake County, IL start at $283,975, averaging $1,591,775, and reaching up to $5,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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