Grayslake, IL Multifamily Properties for Sale

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Updated: Oct 2, 2025

Mixed-Use Building with Apartment

33125 N US Highway 45, Grayslake, IL 60030

$495,900

0.29 AC lot

Versatile mixed commercial/residential building with main‑level store fronts/offices plus an upper‑level apartment
Brick construction with central air and a membrane roof
Year built: 1978
Main level includes five store fronts/offices for retail, professional office use, or a mix of both
Upper level has a spacious apartment for owner‑occupancy or rental income

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Grayslake, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 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.

Two-Unit Residential Income Property

1919 16th Street, North Chicago, IL 60064

$250,000

0.14 AC lot

Duplex with separate entrances, two-bedroom units, and a finished basement offering additional living space.

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Brick Ranch Duplex

2406 Pearsall Parkway, Waukegan, IL 60085

$429,000

0.26 AC lot

Side-by-side ranch duplex with two fenced private yards, basements, central air, and tenant-paid utilities.

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Spacious North Chicago Two-Flat Home

1617 Grove Avenue, North Chicago, IL 60064

Contact for pricing

2,246 sqft 0.28 AC lot

Two-unit property near schools, shopping, and highways, ideal for investors.

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Updated Duplex with Two 2BR Units

143 N Butrick Street, Waukegan, IL 60085

$330,000

Well-maintained duplex with two spacious 2-bedroom units, including recent first-floor updates and tenant-paid gas and electric.

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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.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Deeded RV Recreational Lot

V/L E Kissing Oaks Trail, Custer, MI 49405

$39,900

0.96 AC lot

Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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Off-Market Properties in Grayslake, IL

Consider similar Off-Market properties in Grayslake, 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)

254 Slusser St, Grayslake, IL 60030-1446

Value Estimation by Request

3,321 sqft 0.35 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

610 Barron Blvd, Grayslake, IL 60030-1376

Value Estimation by Request

4,312 sqft 0.34 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

720 Barron Blvd, Grayslake, IL 60030-1377

$560,000

Estimated value

4,312 sqft 0.34 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

239 Lk St, Grayslake, IL 60030-1459

$1,030,000

Estimated value

12,432 sqft 0.52 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

329 Quist Ct, Grayslake, IL 60030-2792

$815,000

Estimated value

9,576 sqft 0.53 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

645 Swan Dr, Grayslake, IL 60030-3302

Value Estimation by Request

3,788 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

430 Slusser St, Grayslake, IL 60030-2433

$665,000

Estimated value

4,995 sqft 0.57 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

653 Swan Dr, Grayslake, IL 60030-3300

Value Estimation by Request

3,724 sqft 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

657 Swan Dr, Grayslake, IL 60030-3301

Value Estimation by Request

3,724 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

320 Slusser St, Grayslake, IL 60030-1478

$1,115,000

Estimated value

10,836 sqft 0.29 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

149 Westerfield Pl, Grayslake, IL 60030-2366

$625,000

Estimated value

4,620 sqft 1.00 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

665 Swan Dr, Grayslake, IL 60030-1399

Value Estimation by Request

3,724 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

746 Barron Blvd, Grayslake, IL 60030-1378

Value Estimation by Request

4,312 sqft 0.34 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

45 Whitney St, Grayslake, IL 60030-1584

$555,000

Estimated value

5,863 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

340 Neville Dr, Grayslake, IL 60030-2448

$1,000,000

Estimated value

9,360 sqft 0.48 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

333 Neville Dr, Grayslake, IL 60030-2454

$1,000,000

Estimated value

9,360 sqft 0.48 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

365 Neville Dr, Grayslake, IL 60030-2452

$995,000

Estimated value

9,360 sqft 0.48 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

330 Neville Dr, Grayslake, IL 60030-2446

$925,000

Estimated value

8,484 sqft 0.43 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

360 Neville Dr, Grayslake, IL 60030-2450

$995,000

Estimated value

9,360 sqft 0.48 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

325 Neville Dr, Grayslake, IL 60030-2405

$930,000

Estimated value

8,484 sqft 0.43 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

661 Swan Dr, Grayslake, IL 60030-1397

Value Estimation by Request

3,724 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

501 Berry Ave, Grayslake, IL 60030-3305

$525,000

Estimated value

4,320 sqft 0.38 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

295 Gln St, Grayslake, IL 60030-2787

$1,050,000

Estimated value

9,924 sqft 0.68 AC lot

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Grayslake, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Grayslake, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $495,900.

Sale prices for multifamily properties in Grayslake, IL start at $495,900, averaging $495,900, and reaching up to $495,900 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 36K

Population Growth (5Y) -3.4%

Median Household Income $104,920

College Educated 67.6%

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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Grayslake, IL Multifamily Properties for Sale

33125 N US Highway 45, Grayslake, IL 60030

Opportunities in Nearby Cities

1919 16th Street, North Chicago, IL 60064

2406 Pearsall Parkway, Waukegan, IL 60085

1617 Grove Avenue, North Chicago, IL 60064

143 N Butrick Street, Waukegan, IL 60085

Potential Development Sites for Consideration

27 Oyster Bay, Lakemoor, IL 60051

976 Mesa Court, University Park, IL 60484

4418 Oakland Court, Wheatfield, IN 46392

V/L E Kissing Oaks Trail, Custer, MI 49405

Off-Market Properties in Grayslake, IL

254 Slusser St, Grayslake, IL 60030-1446

610 Barron Blvd, Grayslake, IL 60030-1376

720 Barron Blvd, Grayslake, IL 60030-1377

239 Lk St, Grayslake, IL 60030-1459

329 Quist Ct, Grayslake, IL 60030-2792

645 Swan Dr, Grayslake, IL 60030-3302

430 Slusser St, Grayslake, IL 60030-2433

653 Swan Dr, Grayslake, IL 60030-3300

657 Swan Dr, Grayslake, IL 60030-3301

320 Slusser St, Grayslake, IL 60030-1478

149 Westerfield Pl, Grayslake, IL 60030-2366

665 Swan Dr, Grayslake, IL 60030-1399

746 Barron Blvd, Grayslake, IL 60030-1378

45 Whitney St, Grayslake, IL 60030-1584

340 Neville Dr, Grayslake, IL 60030-2448

333 Neville Dr, Grayslake, IL 60030-2454

365 Neville Dr, Grayslake, IL 60030-2452

330 Neville Dr, Grayslake, IL 60030-2446

360 Neville Dr, Grayslake, IL 60030-2450

325 Neville Dr, Grayslake, IL 60030-2405

661 Swan Dr, Grayslake, IL 60030-1397

501 Berry Ave, Grayslake, IL 60030-3305

295 Gln St, Grayslake, IL 60030-2787

Grayslake, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

Taxes & Financing

Listings Trend

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