Apartment Building

Waukegan, IL Apartment Buildings for Sale

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5-Unit Apartment Building with Laundry
Updated: Apr 15
5-Unit Apartment Building with Laundry

1425 10th Street, Waukegan, IL 60085

$519,000
30,702 sqft
Solid 5‑unit investment property with all units currently occupied
Monthly income totals $5,700 ($5,425 in rents + $275 from on‑site laundry)
Current NOI is $44,250 with income currently supporting the property
Major updates include a new roof and boiler plus water heater, all under 10 years old
On‑site laundry provides an additional income stream beyond the unit rents
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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 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.

Multifamily Apartment Building with Balconies
Multifamily Apartment Building with Balconies

1875 N Green Lane N, Palatine, IL 60074

$999,000
0.06 AC lot

Spacious 2- and 1-bath units with balconies, with association-managed site services and plenty of parking.

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Sandpebble Walk Condo with Balcony
Sandpebble Walk Condo with Balcony

1550 Sandpebble Drive #307, Wheeling, IL 60090

$215,000
1,280 sqft

Spacious 2-bedroom condo with balcony and community amenities.

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All-Brick Six-Unit Multifamily Building
All-Brick Six-Unit Multifamily Building

269 7th Street, Wheeling, IL 60090

$1,150,000

All-brick six-unit building with three 2-bedroom and three 1-bedroom units, all currently occupied.

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Garden-Style Multifamily Building with Balconies
Garden-Style Multifamily Building with Balconies

1875 N Green Lane N, Palatine, IL 60074

$999,000

Spacious 3- and 4-bedroom-style units with balconies, supported by on-site parking and shared exterior maintenance expenses.

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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
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
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
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
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 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

2116 Williamsburg Dr, Waukegan, IL 60085

Value Estimation by Request
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11 Genesee St
Restaurants

11 Genesee St, Waukegan, IL 60085

Value Estimation by Request
8,120 sqft
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Waukegan, IL Apartment Buildings Market Trends and Statistics

Explore 3 apartment buildings for sale in Waukegan, IL on our real estate platform. These investment opportunities span a total of 30,702 square feet of properties for sale, with an estimated market value of $519,000.

Sale prices for two-family homes in Waukegan, IL start at $519,000, averaging $519,000, and reaching up to $519,000 — 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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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 average listing prices of real estate assets

Neighborhood Average Price
60085 $366.9K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Property Size Breakdown

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

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