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    Waukegan, IL Apartment Buildings for Sale

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    North Chicago, IL Park City, IL Gurnee, IL
    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
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    Mixed-Use Property in Waukegan, IL
    $283,975
    1,740 SF
    Mixed-Use Property in Waukegan, IL

    726 10th Street, Waukegan, IL 60085

    Mixed-use property with retail storefront and apartments in Waukegan.
    • Mixed‑use property with retail storefront and residential apartments provides immediate income potential.
    • High‑traffic corner lot location in a business district offers excellent visibility and customer access.
    • Retail storefront is suitable for various businesses.
    • Solid brick construction ensures durability and low maintenance.
    • Includes a 2‑car attached garage and full basement for ample storage.
    Updated: Sep 20, 2025
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    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

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Prospect Heights Multifamily Investment Property
    $725,000
    Prospect Heights Multifamily Investment Property

    Six-unit multifamily property with long-term tenants and parking.

    655 Piper Lane, Prospect Heights, IL 60070

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    Prospect Heights Multifamily Investment Opportunity
    $849,788
    3,376 SF
    Prospect Heights Multifamily Investment Opportunity

    Multifamily property in Prospect Heights, IL, ideal for investors.

    512 Piper Lane, Prospect Heights, IL 60070

    View details
    Mixed-Use Building in Downtown Kenosha
    $1,595,000
    3,200 SF
    Mixed-Use Building in Downtown Kenosha

    Mixed-use property with retail and apartments in downtown Kenosha.

    5800 6th Avenue, Kenosha, WI 53140

    View details
    Iconic Kenosha Bar/Restaurant For Sale
    $794,900
    0.14 Acres
    Iconic Kenosha Bar/Restaurant For Sale

    Established Kenosha bar and restaurant with rental income.

    7511 22nd Avenue, Kenosha, WI 53143

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    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

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    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 Waukegan, IL

    Consider similar Off-Market properties in Waukegan, 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.

    2116 Williamsburg Dr
    Multifamily properties
    Value Estimation by Request

    2116 Williamsburg Dr, Waukegan, IL 60085

    View details
    11 Genesee St
    Restaurants
    8,120 SF
    Value Estimation by Request

    11 Genesee St, Waukegan, IL 60085

    View details

    Waukegan, IL Apartment Buildings Investment Opportunities Market Analysis

    Explore 5 apartment buildings for sale in Waukegan, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 1,740 square feet of properties for sale, with an estimated market value of $283,975.

    Sale prices for two-family homes in Waukegan, IL start at $283,975, averaging $283,975, and reaching up to $283,975 — 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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    Property Size Breakdown

    The majority of commercial real estate listings in Waukegan fall within the 100,000+ square foot range.

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    High-Yield Neighborhoods for Investment

    Identify Waukegan submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    60085 $417.6K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

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