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Two-Unit Residential Income Property
For Sale
$309,900
Pending

418 Lawn Court, Waukegan, IL 60085

Two-unit duplex offers a large main unit plus a tenant-occupied one-bedroom unit with central air and forced-air heat.

Property Size2,508 SF
Days on Market66

Property Features for 418 Lawn Court

General Information

Standard status Pending
Size 2,508 SF
Total Parking Spaces 2
Property subtype Two to Four Units / 2 Story Unit/S

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,317

Building Details

Year Built 1901
Tenancy Multi
Listing Agency: eXp Realty
Listed By: Rosa Castaneda · License #475212878
Source: Compass
Added: Jun 16 Changed: Aug 8 Last Checked: Jul 24 at 1:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty

Investment Insights

Based on property information with market context.

This two-unit residential income property features two separate living units on one lot. The main unit includes five bedrooms and two full bathrooms with an open living and dining area. The second unit provides one bedroom and one full bathroom and is currently tenant occupied, with the tenant willing to remain or vacate prior to closing.

Additional features include an oversized two-car garage, abundant storage space, central air conditioning, and forced-air heating. The property is situated in an established Waukegan neighborhood and is described as being conveniently located near schools, parks, shopping, dining, and major transportation routes.

The layout supports either owner-occupancy with rental assistance from the second unit or a flexible rental configuration, depending on how the second unit is handled during and after closing.

Key Highlights

  • 1901‑built 2‑unit duplex with over 1,900 sq ft of living space
  • Main unit features 5 bedrooms and 2 full bathrooms with open‑concept living and dining
  • Second unit is a 1‑bedroom, 1‑bath unit that is currently tenant occupied and tenant willing to remain

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Pharmacy Auto Parts Store Garden Center Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,165
Businesses Nearby

Demographics for 60085, IL

71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit duplex offers a large main unit plus a tenant-occupied one-bedroom unit with central air and forced-air heat.
Where is this duplex located?
The property is located at 418 Lawn Court Waukegan, IL.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1901‑built 2‑unit duplex with over 1,900 sq ft of living space; Main unit features 5 bedrooms and 2 full bathrooms with open‑concept living and dining; Second unit is a 1‑bedroom, 1‑bath unit that is currently tenant occupied and tenant willing to remain
More about this property
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