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    Libertyville, IL Multifamily Properties for Sale

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    Libertyville Multifamily De-Conversion Opportunity
    Updated: Nov 21, 2025
    Libertyville Multifamily De-Conversion Opportunity

    375 West Winchester Road, Libertyville, IL 60048

    $5,200,000
    3,100 sqft
    De‑conversion opportunity for a 32‑unit building.
    Value‑add potential through renovation and rent increases to market levels.
    Located in Libertyville, Lake County, a desirable residential community.
    Convenient access to I‑94 and close proximity to the Libertyville Metra Train.
    Building features elevator access and assigned parking.
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    Mixed-Use Retail and Office Building
    Updated: Apr 10
    Mixed-Use Retail and Office Building

    602-610 N Milwaukee Ave, Libertyville, IL 60048

    Contact for pricing
    9‑unit mixed‑use building with 3 retail, 3 office, and 3 1BD/1BA apartments
    100% occupied with current tenants in retail, office, and apartment spaces
    Two largest retail tenants are on NNN leases with proportional share of real estate taxes, insurance, and common area maintenance
    1‑bedroom units have received updates including newer appliances and bathroom fixtures
    Over the last four years, $144,150 in capital improvements have been completed
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Libertyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Five Storefronts
    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.

    View details
    Brick Side-by-Side Duplex
    Brick Side-by-Side Duplex

    2406 Pearsall Parkway, Waukegan, IL 60085

    $399,000

    Two residential units offer separate fenced yards, finished basements, newer windows, and central air.

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    Side-by-Side Ranch Duplex
    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.

    View details
    Historic Grayslake Triplex Investment Opportunity
    Historic Grayslake Triplex Investment Opportunity

    40 S Slusser Street, Grayslake, IL 60030

    $347,000

    Historic 3-unit building in downtown Grayslake near amenities and Metra.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

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    Libertyville, IL Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Libertyville, IL on our real estate platform. These investment opportunities span a total of 3,100 square feet of properties for sale, with an estimated market value of $5,200,000.

    Sale prices for multifamily properties in Libertyville, IL average $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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2

    Demographics Overview

    Population 29K
    Population Growth (5Y) -0.4%
    Median Household Income $169,283
    College Educated 50.7%

    High-Yield Neighborhoods for Investment

    Identify Libertyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60048 $5.2M

    Taxes & Financing

    Tax Rate (average for all types) 7.69%
    Property Tax per SF $91.39 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Libertyville fall within the 100,000+ square foot range.

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