Multifamily

Lake County, IL Multifamily Properties for Sale

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Mixed-Use Property in Waukegan, IL
Updated: Sep 20, 2025
Mixed-Use Property in Waukegan, IL

726 10th Street, Waukegan, IL 60085

$283,975
1,740 sqft · 0.08 AC lot
Mixed‑use property with retail storefront and residential apartments provides immediate income potential.
High‑traffic corner lot location in a business district offers excellent visibility and customer access.
Retail storefront is suitable for various businesses.
Solid brick construction ensures durability and low maintenance.
Includes a 2‑car attached garage and full basement for ample storage.
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726 10th Street, Waukegan, IL 60085

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Lakefront Tavern and Apartment Property
Updated: Jun 6
Lakefront Tavern and Apartment Property

137-139 Arthur Avenue, Fox Lake, IL 60020

$579,000
0.31 AC lot
Approx. 80' of lake frontage on Nippersink Lake on the Chain with piers and lakefront views
Former tavern plus 3 buildings on the property with a deck, located at the corner of Arthur and Cathryn
Includes 7 residential apartments on the water; property is currently completely vacant
Cooling: window unit(s); utilities: natural gas available; roof: composition
Road easement runs through the property; possible gaming machines may be possible
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Lakefront Multifamily Property
Lakefront Multifamily Property

26198 W Spring Grove Road, Antioch, IL 60002

$895,000
0.45 AC lot

Eight-unit income property with direct lakefront frontage and tenant-paid utilities, offering a mix of unit sizes and established occupancy.

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Highway 12 Investment Opportunity
Highway 12 Investment Opportunity

21 S US Highway 12, Fox Lake, IL 60020

$399,900
440 sqft · 0.34 AC lot

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

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Side-by-Side Ranch Duplex
Side-by-Side Ranch Duplex

803 Pine Grove Avenue, Gurnee, IL 60031

$410,000
0.24 AC lot

A two-unit ranch duplex with updated flooring, private yards, garages, and separate basements.

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Two-Unit Duplex with Updated Interior
Two-Unit Duplex with Updated Interior

143 N Butrick Street, Waukegan, IL 60085

$330,000
0.11 AC lot

Turn-key duplex offers two 2-bedroom units, with recent first-floor updates and tenant-paid gas and electric.

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North Chicago Multifamily Investment Opportunity
North Chicago Multifamily Investment Opportunity

822 11th Street, North Chicago, IL 60064

$219,000
0.13 AC lot

Two-unit property with reliable tenants and recent rehab.

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Two-Home Residential Income Property
Two-Home Residential Income Property

11471 W Leland Avenue, Beach Park, IL 60099

$404,900
0.67 AC lot

Two separate homes on one lot provide flexible living and rental options, with a furnished second home updated in 2022–2023.

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Two-Unit Duplex with Tenant-Occupied Unit
Two-Unit Duplex with Tenant-Occupied Unit

418 Lawn Court, Waukegan, IL 60085

$309,900

Spacious two-unit duplex with a tenant-occupied one-bedroom unit and an owner-ready main home.

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Two-Unit Duplex with Separate Entrances
Two-Unit Duplex with Separate Entrances

2100 Western Avenue, Waukegan, IL 60087

$394,900

Well-maintained 2-unit duplex with separate utilities and entrances, offering flexible owner-occupant or rental use.

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Two-Unit Duplex with Full Basement
Two-Unit Duplex with Full Basement

1015 Glenn Drive, North Chicago, IL 60064

$214,900
0.13 AC lot

Two-unit duplex near major commuter routes with separate utilities and a full basement for storage and utility access.

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Two-Unit Duplex with Separate Utilities
Two-Unit Duplex with Separate Utilities

1828-1826 Horeb Avenue, Zion, IL 60099

$264,000

Recently rehabbed two-unit home with separate utilities, plus a large garage suited for parking and extra storage needs.

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Two-Unit Residential Income Property
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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Updated Waukegan Two-Flat Investment Property
Updated Waukegan Two-Flat Investment Property

2511 Western Avenue, Waukegan, IL 60087

$330,000
0.13 AC lot

Updated two-flat in Waukegan with rental income potential.

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Two-Unit Residential Income Duplex
Two-Unit Residential Income Duplex

706 BROADWAY Avenue, North Chicago, IL 60064

$246,900
0.07 AC lot

Well-laid two-unit property with separate utilities, two furnaces, and an unfinished basement for storage.

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Two-Unit Residential Income Duplex
Two-Unit Residential Income Duplex

1025 Lincoln Street, North Chicago, IL 60064

$279,900
0.15 AC lot

Two-unit income property with finished attic and basement space, four full baths, and a fenced yard with detached parking.

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Mixed-Use Building with Leased Ground Retail
Mixed-Use Building with Leased Ground Retail

208 N Waukegan Rd, Lake Bluff, IL 60044

$740,000

Six residential units above two fully leased commercial spaces provide diversified, long-term income potential.

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Zion Investment Property For Sale
Zion Investment Property For Sale

2103 - 2105 Galilee Avenue, Zion, IL 60099

$399,999
0.34 AC lot

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

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Brick Ranch Duplex
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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Updated Two-Flat Residential Income
Updated Two-Flat Residential Income

544 N Central Avenue, Highwood, IL 60040

$679,000

Turnkey two-unit property with updated interiors, in-unit laundry, and separate entrances, plus a detached two-car garage.

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Spacious North Chicago Two-Flat Home
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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Lakefront Tavern and Rental Units
Lakefront Tavern and Rental Units

139 Arthur Avenue, Fox Lake, IL 60020

$579,000
4,400 sqft

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

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Vernon Hills Multifamily Investment Opportunity
Vernon Hills Multifamily Investment Opportunity

630 Westmoreland Drive, Vernon Hills, IL 60061

$699,900
8,326 sqft

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

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Libertyville Multifamily De-Conversion Opportunity
Libertyville Multifamily De-Conversion Opportunity

375 West Winchester Road, Libertyville, IL 60048

$5,200,000
3,100 sqft

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

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Lake County, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Lake County, IL, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 32,681 square feet of properties for sale, with an estimated market value of $8,937,775.

Sale prices for multifamily properties in Lake County, IL start at $283,975, averaging $1,276,825, 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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