Lake County, IL Apartment Buildings for Sale

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Updated: Aug 20, 2025

Top Floor Lake View Condo

200 Lake Boulevard #452, Buffalo Grove, IL 60089

$325,000

1,800 sqft

Largest top‑floor unit with 3 bedrooms and 2 baths in the desirable Cambridge on the Lake community.
Serene water views from every window.
Recently renovated bathrooms and redesigned kitchen with hardwood cabinetry and new refrigerator.
HOA covers water, parking, lawn care, snow removal, and provides access to a pool, clubhouse, fitness center, and landscaped grounds with walking paths.
Spacious bedrooms including a luxurious primary suite, and ample storage throughout.

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This listing looks promising.

Here's a quick look at some key insights for

200 Lake Boulevard #452, Buffalo Grove, IL 60089

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Est. Cap Rate

6.8%
Above avg (5.9%)
Est. NOI

$22K
Annual
Price @ 7% Cap

$317K
Suggested
Property Type

Miscellaneous (Residential)
Built 1975

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Updated: Jun 6

Lakefront Tavern and Apartment Property

137-139 Arthur Avenue, Fox Lake, IL 60020

$579,000

0.31 AC lot

Approx. 80' of lake frontage on Nippersink Lake on the Chain with piers and lakefront views
Former tavern plus 3 buildings on the property with a deck, located at the corner of Arthur and Cathryn
Includes 7 residential apartments on the water; property is currently completely vacant
Cooling: window unit(s); utilities: natural gas available; roof: composition
Road easement runs through the property; possible gaming machines may be possible

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Lakefront Multifamily Property

26198 W Spring Grove Road, Antioch, IL 60002

$895,000

0.45 AC lot

Eight-unit income property with direct lakefront frontage and tenant-paid utilities, offering a mix of unit sizes and established occupancy.

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Mixed-Use Property in Waukegan, IL

726 10th Street, Waukegan, IL 60085

$283,975

1,740 sqft · 0.08 AC lot

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

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Mixed-Use Building with Leased Ground Retail

208 N Waukegan Rd, Lake Bluff, IL 60044

$740,000

Six residential units above two fully leased commercial spaces provide diversified, long-term income potential.

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Lakefront Tavern and Rental Units

139 Arthur Avenue, Fox Lake, IL 60020

$579,000

4,400 sqft

Lakefront property combining a former tavern space with seven rental units in Fox Lake.

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Vernon Hills Multifamily Investment Opportunity

630 Westmoreland Drive, Vernon Hills, IL 60061

$699,900

8,326 sqft

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

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Libertyville Multifamily De-Conversion Opportunity

375 West Winchester Road, Libertyville, IL 60048

$5,200,000

3,100 sqft

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

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Channel Lake Multifamily Investment Property

26196-98 W Spring Grove, Antioch, IL 60002

$895,000

Eight-unit multifamily property with lakefront frontage and income potential.

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Lakefront Multifamily Investment Opportunity

26198 W Spring Grove Road, Antioch, IL 60002

$895,000

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

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Mundelein Mixed-Use Investment Opportunity

1116 Diamond Lake Rd, Mundelein, IL

$1,450,000

12,875 sqft · 0.38 AC lot

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

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Fully Occupied Multi-Family Property

40523 N IL Route 83, Antioch, IL 60002

$525,000

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

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Renovated Housing Facility with Retail

700 Sheridan Rd, Highwood, IL 60040

Contact for pricing

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

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Mixed-Use Building in Waukegan

818 10th Street, Waukegan, IL 60085

$449,900

0.16 AC lot

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

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 14 Active listings in Lake County, IL, we suggest exploring several alternatives: similar 58 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

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

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

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

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

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

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

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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.

APARTMENT HOUSE (UNDER 5 UNITS)

534 Washington St, Round Lake Park, IL 60073-3063

$1,155,000

Estimated value

9,261 sqft · 0.35 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2301 Sheridan Rd, Zion, IL 60099-2302

$675,000

Estimated value

5,532 sqft · 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

604 Avilon Ave, Round Lake, IL 60073-3298

$500,000

Estimated value

2,976 sqft · 0.23 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

932 Cedar Lk Rd, Round Lake Beach, IL 60073-2687

Value Estimation by Request

3,120 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

930 Cedar Lk Rd, Round Lake Beach, IL 60073-2688

Value Estimation by Request

4,160 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

928 Cedar Lk Rd, Round Lake Beach, IL 60073-2689

Value Estimation by Request

4,160 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2201 Galilee Ave, Zion, IL 60099-2911

Value Estimation by Request

3,976 sqft · 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2209 Galilee Ave, Zion, IL 60099-2287

Value Estimation by Request

3,976 sqft · 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2717 Galilee Ave, Zion, IL 60099-2497

Value Estimation by Request

3,840 sqft · 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1708 Joppa Ave, Zion, IL 60099-1551

Value Estimation by Request

5,328 sqft · 0.25 AC lot

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Lake County, IL Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Lake County, IL, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 32,241 square feet of properties for sale, with an estimated market value of $8,537,875.

Sale prices for two-family homes in Lake County, IL start at $283,975, averaging $1,422,979, 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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