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    Waukegan, IL
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    Waukegan, IL Multifamily Properties for Sale

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    North Chicago, IL Park City, IL Gurnee, IL Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL
    7 properties
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    Two-Unit Duplex with Basement
    Updated: Aug 7
    Two-Unit Duplex with Basement

    517 N Jackson Street, Waukegan, IL 60085

    $165,000
    0.12 AC lot
    Two‑unit duplex with two bedrooms and one full bathroom in each residence
    Full unfinished basement provides additional storage and connects to the lower unit
    Upper residence recently updated with a functional two‑bedroom layout
    Asphalt roof replaced in 2022
    0.12‑acre parcel with rear driveway parking and a shed
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    Two-Unit Duplex with Basement
    Updated: Sep 23
    Two-Unit Duplex with Basement

    525 SOUTH Avenue, Waukegan, IL 60085

    $265,000
    Two units, each with 2 bedrooms and 1 full bath
    One unit is tenant occupied; the other is owner occupied
    Unfinished basement provides storage space
    Public water and public sewer
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    Mixed-Use Brick Building
    Mixed-Use Brick Building

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot

    Two-level property combines a Mexican restaurant with two upstairs apartments and additional commercial space.

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    See hot listings in Waukegan

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    714 Cummings Ave, Waukegan, IL 60085

    $214,900

    Two 2-bedroom, 1-bath units with a full unfinished basement and large driveway/parking area.

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    Side-by-Side Duplex with Garage
    Side-by-Side Duplex with Garage

    1923 N Jackson St, Waukegan, IL 60087

    $315,000

    Two residential units offer central air, individual heating, and new windows throughout.

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    Remodeled Duplex
    Remodeled Duplex

    706 Martin Luther King Dr, Waukegan, IL 60085

    $279,000

    Each residential unit has undergone remodeling, and the building is currently vacant.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Remodeled Two-Unit Duplex
    Remodeled Two-Unit Duplex

    443 N Ash Street, Waukegan, IL 60085

    Contact for pricing

    Updated two-story property with a garage and extended driveway parking.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 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 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.

    Side-by-Side Duplex with Basement
    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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    Renovated 2-Unit Duplex
    Renovated 2-Unit Duplex

    1615 Glenn Dr, North Chicago, IL 60064

    $299,000

    Both apartments include in-unit laundry, updated kitchens, and renovated bathrooms.

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    Two-Story Side-by-Side Duplex
    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.

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    4-Unit Quadplex
    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.

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    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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    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

    Estimated value: by Request
    View details
    11 Genesee St
    Restaurants

    11 Genesee St, Waukegan, IL 60085

    Estimated value: by Request
    8,120 sqft
    View details
    3149 Jeanette Ave
    MOBILE HOME PARK, TRAILER PARK

    3149 Jeanette Ave, Waukegan, IL 60085

    Estimated value:
    $185,000
    1,140 sqft
    View details

    Waukegan, IL Multifamily Properties Market Trends and Statistics

    Explore 10 multifamily properties for sale in Waukegan, IL, showcased through 7 active listings on our real estate platform.

    Sale prices for multifamily properties in Waukegan, IL start at $165,000, averaging $281,466, 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 6

    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 $273.1K
    60087 $315K

    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.

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Waukegan, IL

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    • 60087
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