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    Lake County, IL Multifamily Properties for Sale

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    Chicago, IL Springfield, IL Rockford, IL
    26 results
    Highway 12 Investment Opportunity
    $399,900
    440 SF

    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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    Lakefront Multifamily Investment Opportunity
    $895,000
    0.45 Acres

    Lakefront Multifamily Investment Opportunity

    26198 W Spring Grove Road, Antioch, IL 60002

    8-unit multifamily property with lake frontage and income potential.

    • Direct lakefront property with 140 feet of Lake Catherine shoreline.
    • Stable in‑place income and proven occupancy.
    • Significant upside potential through below‑market rents.
    • Mix of unit types: 2 Three‑Bedroom, 2 Two‑Bedroom, and 4 One‑Bedroom units, including a standalone brick cottage.
    • Additional income from pier space rentals.
    Updated: May 14
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    Waukegan Multifamily Investment Opportunity
    $519,000
    0.70 Acres

    Waukegan Multifamily Investment Opportunity

    Five-unit property with income and potential for increased cash flow.

    1425 10th Street, Waukegan, IL 60085
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    Lakefront Rental Property in Fox Lake
    $550,000
    0.38 Acres

    Lakefront Rental Property in Fox Lake

    Fully furnished 5-unit property on Nippersink Lake.

    117 Nippersink Road, Fox Lake, IL 60020
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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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    Updated Waukegan Two-Flat Investment Property
    $330,000
    0.13 Acres

    Updated Waukegan Two-Flat Investment Property

    Updated two-flat in Waukegan with rental income potential.

    2511 Western Avenue, Waukegan, IL 60087
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    Mixed-Use Property in Waukegan, IL
    $283,975
    1,740 SF

    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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    North Chicago Multifamily Property
    $267,000

    North Chicago Multifamily Property

    Two-unit property with recent renovations and separate utilities.

    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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    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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    Two Homes, One Property
    $404,900
    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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    Zion Ranch Duplex with Garage
    $267,000

    Zion Ranch Duplex with Garage

    Two-unit ranch with a large garage and separate utilities.

    1828-1826 Horeb Avenue, Zion, IL 60099
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    Spacious North Chicago Two-Flat Home
    Contact for pricing
    2,246 SF

    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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    Vernon Hills Multifamily Investment Opportunity
    $699,900
    8,326 SF

    Vernon Hills Multifamily Investment Opportunity

    Five-unit apartment building in a desirable Vernon Hills location.

    630 Westmoreland Drive, Vernon Hills, IL 60061
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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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    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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    Top Floor Lake View Condo
    $325,000
    1,800 SF

    Top Floor Lake View Condo

    Spacious 3-bedroom condo with lake views and updated features.

    200 Lake Boulevard #452, Buffalo Grove, IL 60089
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    Renovated Housing Facility with Retail
    Contact for pricing

    Renovated Housing Facility with Retail

    Five-story building with 105 units and retail space in Highwood.

    700 Sheridan Rd, Highwood, IL 60040
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    Two Homes on Large Lot
    $414,900
    0.67 Acres

    Two Homes on Large Lot

    Two homes on one property with income potential.

    11471 W Leland Avenue, Beach Park, IL 60099
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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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    Fully Occupied Multi-Family Property
    $525,000

    Fully Occupied Multi-Family Property

    Multi-family rental property with lake rights and income potential.

    40523 N IL Route 83, Antioch, IL 60002
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    Mixed-Use Building in Waukegan
    $449,900
    0.16 Acres

    Mixed-Use Building in Waukegan

    Mixed-use building with restaurant and apartments in active commercial area.

    818 10th Street, Waukegan, IL 60085
    View details

    Lake County, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 2136 multifamily properties for sale in Lake County, IL, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 28,281 square feet of properties for sale, with an estimated market value of $8,358,775.

    Sale prices for multifamily properties in Lake County, IL start at $283,975, averaging $1,393,129, and reaching up to $5,200,000 — 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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