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    Waukegan, IL Multifamily Properties for Sale

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    North Chicago, IL Park City, IL Gurnee, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL Lake Forest, IL
    9 properties
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    Side-by-Side Ranch Duplex
    Updated: Jul 5
    Side-by-Side Ranch Duplex

    2406 Pearsall Parkway, Waukegan, IL 60085

    $409,000
    0.26 AC lot
    1962 brick ranch duplex with central air in both units
    Unit 1 features 2 bedrooms, eat‑in kitchen, full bath on main, and basement with family room plus 3rd bedroom
    Unit 2 offers 3 bedrooms and 1½ baths on main with sliders to a private fenced yard, plus basement with family room and 3 additional bedrooms
    Shared configuration includes an attached garage between units for added privacy
    Public utilities: public water and public sewer; tenants pay all utilities
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    Two-Unit Duplex with Updated Interior
    Updated: Jun 10
    Two-Unit Duplex with Updated Interior

    143 N Butrick Street, Waukegan, IL 60085

    $330,000
    0.11 AC lot
    Duplex built in 1930 with vinyl siding, asphalt roof, and natural gas heating
    2‑unit layout with 2 bedrooms and 1 full bathroom in each unit
    First‑floor unit recently updated with new flooring, fresh paint, updated kitchen, and renovated bathroom
    Rental income: first‑floor unit $1,450/month and second‑floor unit $1,175/month
    Tenants pay their own gas and electric; public water and public sewer
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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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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Updated Duplex with Two 2BR Units
    Updated Duplex with Two 2BR Units

    143 N Butrick Street, Waukegan, IL 60085

    $330,000

    Well-maintained duplex with two spacious 2-bedroom units, including recent first-floor updates and tenant-paid gas and electric.

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    Mixed-Use Brick Corner Building
    Mixed-Use Brick Corner Building

    726 10th Street, Waukegan, IL 60085

    $283,975
    0.08 AC lot

    Brick mixed-use corner property with retail storefront, attached 2-car garage, and three income apartments over two levels.

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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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    Waukegan Commercial Building For Sale
    Waukegan Commercial Building For Sale

    319 N County Street, Waukegan, IL 60085

    $349,900
    0.18 AC lot

    B-5 commercial building in downtown Waukegan, ideal for investors.

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    Mixed-Use Brick Restaurant Building
    Mixed-Use Brick Restaurant Building

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot

    Brick mixed-use building with a first-floor Mexican restaurant and two apartments on the second floor.

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    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 9 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 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.

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

    11471 W Leland Avenue, Beach Park, IL 60099

    $390,000
    0.67 AC lot

    For sale two separate homes on one 0.67-acre lot in Beach Park, IL, sold as-is.

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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 Homes on Large Lot
    Two Homes on Large Lot

    11471 W Leland Avenue, Beach Park, IL 60099

    $404,900
    0.67 AC lot

    Two homes on one property with income potential.

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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.

    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.

    View details
    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

    View details
    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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    Off-Market Properties in Waukegan, IL

    Consider similar Off-Market properties in Waukegan, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2116 Williamsburg Dr
    Multifamily properties

    2116 Williamsburg Dr, Waukegan, IL 60085

    Value Estimation by Request
    View details
    11 Genesee St
    Restaurants

    11 Genesee St, Waukegan, IL 60085

    Value Estimation by Request
    8,120 sqft
    View details
    3149 Jeanette Ave
    MOBILE HOME PARK, TRAILER PARK

    3149 Jeanette Ave, Waukegan, IL 60085

    Value Estimation by Request
    1,140 sqft
    View details

    Waukegan, IL Multifamily Properties Market Trends and Statistics

    Explore 12 multifamily properties for sale in Waukegan, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $3,187,575.

    Sale prices for multifamily properties in Waukegan, IL start at $283,975, averaging $354,175, and reaching up to $449,900 — 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

    Duplexes 8
    Triplexes 1

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    60085 $359.1K
    60087 $362.5K

    Taxes & Financing

    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 Waukegan fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Waukegan, IL

    • 60085
    • 60087

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