Lake County, IL Multifamily Properties for Sale

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Updated: Aug 20, 2025

Top Floor Lake View Condo

200 Lake Boulevard #452, Buffalo Grove, IL 60089

$325,000

1,800 sqft

Largest top‑floor unit with 3 bedrooms and 2 baths in the desirable Cambridge on the Lake community.
Serene water views** from every window.
Recently renovated bathrooms and redesigned kitchen with hardwood cabinetry and new refrigerator.
HOA covers water, parking, lawn care, snow removal, and provides access to a pool, clubhouse, fitness center, and landscaped grounds with walking paths.
Spacious bedrooms including a luxurious primary suite, and ample storage throughout.

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This listing looks promising.

Here's a quick look at some key insights for

200 Lake Boulevard #452, Buffalo Grove, IL 60089

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Est. Cap Rate

6.8%
Above avg (5.9%)
Est. NOI

$22K
Annual
Price @ 7% Cap

$317K
Suggested
Property Type

Miscellaneous (Residential)
Built 1975

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Updated: Jul 21

Lakefront Apartment Building

26198 W Spring Grove Road, Antioch, IL 60002

$895,000

0.45 AC lot

8‑unit apartment building with 140 feet of Lake Catherine shoreline on Channel Lake
Unit mix: 2 three‑bedroom, 2 two‑bedroom, and 4 one‑bedroom units
Standalone brick cottage on‑site; tenants pay electric and contribute to heat Nov–Apr
0.45‑acre lot with mature trees and a spacious backyard
Well water and septic tank sewer service

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Waterfront Tavern with Apartments

137-139 Arthur Avenue, Fox Lake, IL 60020

$579,000

0.31 AC lot

Former tavern with seven vacant apartments, lake frontage, piers, and a waterfront deck.

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Four-Unit Mixed-Use Building

21 S US Highway 12, Fox Lake, IL 60020

$399,900

0.34 AC lot

Four-unit mixed-use property with two main-level commercial suites, an efficiency apartment, and rooftop patio.

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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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Two-Unit Duplex with Finished Basement

1919 16th Street, North Chicago, IL 60064

$250,000

0.14 AC lot

Each unit features two bedrooms and one bath, plus a finished basement with its own separate entrance.

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Mixed-Use Building with Five Storefronts

33125 N US Highway 45, Grayslake, IL 60030

$495,900

0.29 AC lot

Mixed-use building with five storefront/office spaces and a second-floor apartment; COMMR zoning and central air.

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Quadplex Investment Property

2103 - 2105 Galilee Avenue, Zion, IL 60099

$350,000

0.34 AC lot

Quadplex investment property on 0.34 acres in COMMR zoning, built in block construction in 1959 and fully occupied.

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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.

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Brick Two-Unit Duplex

2623 Gilboa Avenue, Zion, IL 60099

$419,900

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

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Side-by-Side Ranch Duplex

2406 Pearsall Parkway, Waukegan, IL 60085

$399,000

0.26 AC lot

Two-unit brick ranch duplex with central air, private fenced yards, and a garage between units; tenants pay all utilities.

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Lakefront Tavern and Rental Units

139 Arthur Avenue, Fox Lake, IL 60020

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4,400 sqft

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

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Updated Two-Flat Duplex

2511 Western Avenue, Waukegan, IL 60087

$330,000

0.13 AC lot

Rented duplex with refreshed interiors, basement laundry hookups, driveway parking, and significant recent improvements.

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Two-Unit Duplex with Basement

517 N Jackson Street, Waukegan, IL 60085

$165,000

0.12 AC lot

Two residential units offer four bedrooms, rear parking, and a storage shed near shopping, schools, parks, and transportation.

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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.

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Two-Story Side-by-Side Duplex

9905 W Oak Forest Drive, Beach Park, IL 60099

$399,000

Income property with separate units, unfinished basement space, air conditioning, and a private yard.

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Two-Unit Duplex with Separate Utilities

706 BROADWAY Avenue, North Chicago, IL 60064

$246,900

0.07 AC lot

Two-unit duplex with 3-bedroom layouts on each floor, separate utilities, and off-street parking.

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Mixed-Use Four-Unit Building

2445 Sheridan Rd, Zion, IL 60099

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6,100 sqft

Four-unit masonry property with two upstairs apartments and two leased commercial spaces below.

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Two-Unit Duplex with Finished Basement

1025 Lincoln Street, North Chicago, IL 60064

$279,900

0.15 AC lot

Two-unit duplex built in 1928 with finished attic and basement, four full bathrooms, and a fenced yard plus detached two-car garage.

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Side-by-Side Ranch Duplex

803 Pine Grove Avenue, Gurnee, IL 60031

$410,000

2,128 sqft

Mirror-image units feature two bedrooms, full basements, and attached one-car garages with private back yards.

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Duplex With Two Units

1617 Grove Avenue, North Chicago, IL 60064

$144,400

0.28 AC lot

Brick and stucco 2-flat with natural gas heat, public sewer, and two units totaling five bedrooms and two bathrooms.

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Two-Unit Residential Income Property

418 Lawn Court, Waukegan, IL 60085

$309,900

2,508 sqft

Two-unit duplex offers a large main unit plus a tenant-occupied one-bedroom unit with central air and forced-air heat.

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Renovated Brick Duplex

1016 Park Avenue, North Chicago, IL 60064

$310,000

Two-unit layout includes updated kitchens, garage parking, and a basement.

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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.

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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 49 active listings on our real estate platform. These investment opportunities span a total of 31,949 square feet of properties for sale, with an estimated market value of $20,027,574.

Sale prices for multifamily properties in Lake County, IL start at $144,400, averaging $646,050, 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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