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    Waukegan Multifamily Investment Opportunity Title is generated by Realmo AI

    1425 10th Street, Waukegan, IL 60085

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    Claim this Listing
    For Sale
    Under Contract
    $519,000

    MULTI_FAMILY - Waukegan, IL

    Lot size:
    0.70 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 10 at 8:06 am

    Property Features for 1425 10th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    COMMR
    Bedrooms
    8
    Bathrooms
    5
    Rooms
    Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 8, Bathroom 5, Bedroom 5, Bedroom 1
    Standard status
    Active Under Contract
    APN
    08322030030000
    Lot size
    0.70 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8274

    Building Details

    Year built
    1935
    Floors in Building
    2
    Number of units
    5

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    Listing Contact
    Brandon Aranda

    Listing agent Brandon Aranda

    Listing office 4 Sale Realty Advantage LLC 1365 Locust Court, Grayslake, IL

    Listing date Apr 22, 2026

    MLS# 12624199 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Solid 5‑unit investment property with all units currently occupied
    • Income includes $5,700/month: $5,425 in rents plus $275 from laundry
    • Current NOI is $44,250, with rents noted as below market
    • Major updates include a new roof and a boiler and water heater both under 10 years old
    • On‑site laundry provides an additional income stream
    • Rent roll and financials available in the documents

    Overview

    This is a five-unit investment property located in Waukegan, Illinois. All units are currently occupied, generating a consistent monthly income of $5,700, which includes $5,425 in rents and $275 from laundry services. The current net operating income (NOI) is $44,250. The listing indicates that rents are below market value, presenting an opportunity for the new owner to increase cash flow. Major updates have been completed, including a new roof, and a boiler and water heater that are both less than 10 years old. On-site laundry facilities provide an additional income stream. Rent roll and financial documents are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.849639
    Latitude
    42.340852

    FAQs

    What type of property is this?
    Apartment building - Five-unit property with income and potential for increased cash flow.
    Where is this apartment building located?
    The property is located at 1425 10th Street Waukegan, IL.
    What is the asking price?
    The asking price for this property is $519,000.
    What are key features of this property?
    This property features: Solid 5‑unit investment property with all units currently occupied; Income includes $5,700/month: $5,425 in rents plus $275 from laundry; Current NOI is $44,250, with rents noted as below market
    More about this property
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