Lake County, IL Multifamily properties for sale

Updated: Sep 4

Duplex with Full Basement

1919 16th Street, North Chicago, IL 60064

$230,000

0.14 AC lot

Duplex with six bedrooms and three bathrooms overall
Full unfinished basement for storage or future expansion
Two dedicated parking spaces assigned to each unit
Separate utilities for the two residential units
Exterior aluminum siding painted in September 2026

View details

Updated: Jul 21

Lakefront Apartment Building

26198 W Spring Grove Road, Antioch, IL 60002

$865,000

0.45 AC lot

Eight‑unit apartment property on 0.45 acres
Unit mix includes 2 three‑bedroom, 2 two‑bedroom, and 4 one‑bedroom units
Detached brick cottage included among the four one‑bedroom residences
140 feet of direct lakefront shoreline
Tenant‑paid electric; heat contributions apply November through April

View details

Mixed-Use Building with Apartments

21 S US Highway 12, Fox Lake, IL 60020

$399,900

0.34 AC lot

Two commercial suites and two apartments are arranged across the main and second floors.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

2-Unit Residential Income Property

124 South Central Avenue, Highwood, IL 60040

$549,000

1,680 sqft

Ranch-style 2 flat with two 2-bed, 1-bath units, oversized garage parking, and basement laundry and storage.

View details

Mixed-Use Building with Apartment

33125 N US Highway 45, Grayslake, IL 60030

$495,900

0.29 AC lot

Brick commercial property combines multiple main-level storefronts with an upper-level apartment and on-site customer parking.

View details

Brick Tri-Level Duplex

2623 Gilboa Avenue, Zion, IL 60099

$419,900

Side-by-side units feature hardwood floors, eat-in kitchens, and dedicated laundry rooms.

View details

Two-Unit Duplex with Basement

525 SOUTH Avenue, Waukegan, IL 60085

$265,000

Both residences have two bedrooms and one full bath, with separate occupancy arrangements.

View details

Duplex with Three-Car Garage

372 Alta St, Grayslake, IL 60030

$789,900

0.25 AC lot

The two residences have separate utility meters, with one unit vacant and the other currently rented.

View details

Two-Unit Duplex with Basement

517 N Jackson Street, Waukegan, IL 60085

$165,000

0.12 AC lot

Two residences offer separate layouts, rear vehicle parking, and public water and sewer service.

View details

2-Unit Duplex with Garage

372 Alta Drive, Grayslake, IL 60030

$789,900

0.24 AC lot

Two separately metered residences include one vacant unit and one currently occupied by a tenant.

View details

Business-Zoned Land with Curb Cuts

1207 Main Street, Antioch, IL 60002

$738,000

1.90 AC lot

Commercially zoned land with existing curb cuts and city sewer and water on site, plus rented month-to-month income units.

View details

Brick Side-by-Side Duplex

3240 Elisha Avenue, Zion, IL 60099

$279,900

Updated two-unit ranch with separate three-bedroom and two-bedroom layouts, appliances, and laundry hookups.

View details

Two-Unit Frame Duplex

706 BROADWAY Avenue, North Chicago, IL 60064

$246,900

0.07 AC lot

Each dwelling includes three bedrooms, a full bathroom, an eat-in kitchen, and a formal living room.

View details

Lakefront 8-Unit Apartment Building

26198 Spring Grove Road, Antioch, IL 60002

$865,000

19,820 sqft

Multifamily property offering varied unit layouts, direct waterfront frontage, and a separate brick cottage.

View details

Two-Unit Duplex with Garage

1025 Lincoln Street, North Chicago, IL 60064

$279,900

0.15 AC lot

Finished attic and basement areas provide additional rooms and bathrooms beyond the primary living spaces.

View details

Renovated Brick Duplex

1016 Park Avenue, North Chicago, IL 60064

$310,000

Two-unit residential property with updated interiors, major system improvements, and an attached garage.

View details

Lakefront Tavern and Rental Units

139 Arthur Avenue, Fox Lake, IL 60020

Contact for pricing

4,400 sqft

Lakefront property combining a former tavern space with seven rental units in Fox Lake.

View details

Brick Two-Unit Duplex

1617 Grove Avenue, North Chicago, IL 60064

$144,400

0.28 AC lot

Two residential units provide a five-bedroom, two-bathroom configuration with basement space and owned parking.

View details

Side-by-Side Duplex with Basement

9905 West Oak Forest Drive, Beach Park, IL 60099

$399,000

4,000 sqft

Two-story side-by-side duplex with 3 bedrooms, 1.5 baths per unit, unfinished basement, large yard, and AC.

View details

Renovated Duplex with Garage

1026 Victoria Avenue, North Chicago, IL 60064

$300,000

Fully updated two-unit property with garage parking, separate residential layouts, and basement space.

View details

Top Floor Lake View Condo

200 Lake Boulevard #452, Buffalo Grove, IL 60089

$325,000

1,800 sqft

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

View details

Two-Story Side-by-Side Duplex

9905 W Oak Forest Drive, Beach Park, IL 60099

$399,000

Two residential units offer separate living areas, kitchens, dining spaces, unfinished basements, and central A/C.

View details

4-Unit Quadplex with Attached Garage

106 W State Rd, Island Lake, IL 60042

$850,000

Four occupied residences provide lease income through 2027, with Business zoning and an attached garage.

View details

4-Unit Quadplex

1309 Jackson Street, North Chicago, IL 60064

$365,999

Vinyl-sided property with natural-gas heating and public water and sewer service.

View details

Lake County, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Lake County, IL, showcased through 38 active listings on our real estate platform. These investment opportunities span a total of 31,700 square feet of properties for sale, with an estimated market value of $13,494,939.

Sale prices for multifamily properties in Lake County, IL start at $144,400, averaging $421,716, and reaching up to $865,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Featured Lake County Real Estate Agencies

Realmo connects you with licensed Lake County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

NetGar Investments Inc.

3563 Grand Ave. Gurnee, IL 60031

Phone: 18472638100

netgarrealty.com

Helen Oliveri Real Estate

101 W Gilmer Rd. Hoffman Estates, IL 60047

Phone: 18479670022

www.helenoliveri.com

Blue Fence Real Estate Inc

29 S Old Rand Road Hoffman Estates, IL 60047

Phone: 18475570106