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    Lake County, IL Multifamily Properties for Sale

    31 results
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    Highway 12 Investment Opportunity
    $399,900
    0.34 Acres

    Highway 12 Investment Opportunity

    21 S US Highway 12, Fox Lake, IL 60020

    Four-unit building on Highway 12, ideal for investors.

    • Four‑unit building ideal for investors or owner‑occupants.
    • High‑exposure location on Highway 12 in Fox Lake.
    • Two commercial units, one currently leased by a long‑term tenant, the other recently remodeled and ready to lease at $1500/month or for owner occupancy.
    • Second commercial unit includes access to 440 sq ft of finished basement space.
    • Second‑floor apartment features a large living room, kitchen, 2 bedrooms, 1 full bath, and a walk‑out rooftop patio.
    Updated: Feb 13
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    Waukegan Multifamily Investment Opportunity
    $335,000
    0.21 Acres

    Waukegan Multifamily Investment Opportunity

    714 Glen Rock Avenue, Waukegan, IL 60085

    Well-maintained four-unit building in Waukegan with immediate cash flow.

    • Immediate cash flow from fully rented units.
    • Strong upside potential due to below‑market rents.
    • Excellent tenants already in place.
    • Tenants pay their own electricity.
    • Well‑maintained 4‑unit building.
    Updated: Feb 25
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    Two Homes, One Property
    $414,900
    0.67 Acres

    Two Homes, One Property

    Two separate homes on a .67 acre lot.

    11471 W Leland Avenue, Beach Park, IL 60099
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    North Chicago Multifamily Investment Opportunity
    $219,000
    0.13 Acres

    North Chicago Multifamily Investment Opportunity

    Two-unit property with reliable tenants and recent rehab.

    822 11th Street, North Chicago, IL 60064
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    Remodeled Two-Unit Property in Waukegan
    $320,000
    0.06 Acres

    Remodeled Two-Unit Property in Waukegan

    Move-in ready duplex, ideal for homeowners or investors.

    302 Cory Avenue, Waukegan, IL 60085
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    Well-Maintained Two-Unit Residential Property
    $285,000
    0.20 Acres

    Well-Maintained Two-Unit Residential Property

    Two-unit residential property perfect for owner-occupants and investors.

    3113 Galilee Avenue, Zion, IL 60099
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    North Chicago Multifamily Rehabbed Duplex
    $278,000

    North Chicago Multifamily Rehabbed Duplex

    Rehabbed duplex with separate utilities and granite countertops.

    1247 Victoria Avenue, North Chicago, IL 60064
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    Zion Investment Property For Sale
    $399,999
    0.34 Acres

    Zion Investment Property For Sale

    Turn-key investment property with full occupancy near downtown Zion.

    2103 - 2105 Galilee Avenue, Zion, IL 60099
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    Income-Producing Duplex in North Chicago
    $260,000
    0.14 Acres

    Income-Producing Duplex in North Chicago

    Two-unit building with finished basement and parking.

    1919 16th Street, North Chicago, IL 60064
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    Waukegan Residential Income Opportunity
    $309,900

    Waukegan Residential Income Opportunity

    Two-unit property with spacious units and garage on corner lot.

    1525 North Avenue, Waukegan, IL 60085
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    North Chicago Multifamily Property
    $246,900
    0.07 Acres

    North Chicago Multifamily Property

    Spacious two-unit property near the Navy base and train.

    706 BROADWAY Avenue, North Chicago, IL 60064
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    North Chicago Multifamily Property
    $269,900
    0.15 Acres

    North Chicago Multifamily Property

    Two-unit property with finished attic and basement, fenced yard.

    1025 Lincoln Street, North Chicago, IL 60064
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    Turnkey Multifamily Property, North Chicago
    $1,289,900
    0.21 Acres

    Turnkey Multifamily Property, North Chicago

    Fully renovated 6-unit building with a 9% cap rate.

    1542 Victoria Avenue, North Chicago, IL 60064
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    Zion Ranch Duplex with Garage
    $269,000

    Zion Ranch Duplex with Garage

    Two-unit ranch with garage and separate utilities in Zion.

    1828-1826 Horeb Avenue, Zion, IL 60099
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    Waukegan Two-Unit Building For Sale
    $240,000
    0.12 Acres

    Waukegan Two-Unit Building For Sale

    Two-unit building with income potential in Waukegan, Illinois.

    832 Lenox Avenue, Waukegan, IL 60085
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    Mixed-Use Property in Waukegan, IL
    $283,975
    0.08 Acres

    Mixed-Use Property in Waukegan, IL

    Mixed-use property with retail storefront and apartments in Waukegan.

    726 10th Street, Waukegan, IL 60085
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    Waukegan Multifamily Property For Sale
    $325,000

    Waukegan Multifamily Property For Sale

    Well-maintained duplex featuring two independent units, each with 1,200 sq. ft.

    600 SUNDERLIN Street, Waukegan, IL 60085
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    Solid Brick Two-Flat with Parking
    $289,000

    Solid Brick Two-Flat with Parking

    Brick two-flat with separate utilities and rear parking.

    1548 Jackson Street, North Chicago, IL 60064
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    Fox Lake Waterfront Multi-Unit Property
    $549,873
    0.24 Acres

    Fox Lake Waterfront Multi-Unit Property

    Multi-unit property with 40 feet of lake frontage.

    50 N Lake Avenue, Fox Lake, IL 60020
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    Spacious North Chicago Two-Flat Home
    Contact for pricing
    0.28 Acres

    Spacious North Chicago Two-Flat Home

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

    1617 Grove Avenue, North Chicago, IL 60064
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    Waukegan Two-Unit Multifamily Property
    $245,000

    Waukegan Two-Unit Multifamily Property

    Two-unit property in good condition with separate access basements.

    214 Franklin Avenue, Waukegan, IL 60085
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    Meticulously Maintained Duplex Near Bangs Lake
    $399,000

    Meticulously Maintained Duplex Near Bangs Lake

    Duplex with separate utilities, new roof, near Bangs Lake.

    507 Woodland Ave, Wauconda, IL 60084
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    Libertyville Multifamily De-Conversion Opportunity
    $5,200,000
    3,100 SF

    Libertyville Multifamily De-Conversion Opportunity

    32-unit multifamily property in Libertyville, Illinois, near I-94.

    375 West Winchester Road, Libertyville, IL 60048
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    Waukegan Commercial Building For Sale
    $349,900
    0.18 Acres

    Waukegan Commercial Building For Sale

    B-5 commercial building in downtown Waukegan, ideal for investors.

    319 N County Street, Waukegan, IL 60085
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    Lake County, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 31 multifamily properties for sale in Lake County, IL, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 6,651,063,591 square feet of properties for sale, with an estimated market value of $149,619,147.

    Sale prices for multifamily properties in Lake County, IL start at $150,000, averaging $371,263, and reaching up to $2,360,000 — 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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