Waukegan, IL Multifamily properties for sale

Waukegan Multifamily Investment Opportunity

$519,000

0.70 Acres

Waukegan Multifamily Investment Opportunity

1425 10th Street, Waukegan, IL 60085

Five-unit property with income and potential for increased cash flow.

Consistent Income: Generates $5,700/month with a NOI of $44,250.
Upside Potential: Rents are below market, offering opportunity to increase cash flow.
Recent Major Updates: New roof, relatively new boiler and water heater (under 10 years old) limit near‑term capital expenses.
Fully Occupied: All 5 units are currently occupied, ensuring immediate income.
On‑Site Laundry: Provides an additional income stream.

Updated: Apr 22

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Updated Waukegan Two-Flat Investment Property

$330,000

0.13 Acres

Updated Waukegan Two-Flat Investment Property

2511 Western Avenue, Waukegan, IL 60087

Updated two-flat in Waukegan with rental income potential.

New roof installed in 2025.
Updated furnaces installed in 2024.
Two updated units, each with 2 bedrooms and 1 bathroom, offering immediate rental income.
Newer luxury vinyl flooring throughout both units.
Both hot water heaters replaced in 2022.

Updated: May 21

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$283,975

1,740 SF

Mixed-Use Property in Waukegan, IL

Mixed-use property with retail storefront and apartments in Waukegan.

726 10th Street, Waukegan, IL 60085

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$349,900

0.18 Acres

Waukegan Commercial Building For Sale

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

319 N County Street, Waukegan, IL 60085

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$449,900

0.16 Acres

Mixed-Use Building in Waukegan

Mixed-use building with restaurant and apartments in active commercial area.

818 10th Street, Waukegan, IL 60085

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$460,000

Storefront and Two-Flat Building

Two buildings: storefront and two-flat, ample parking.

1809 Washington Street, Waukegan, IL 60085

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 6 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.

North Chicago Multifamily Investment Opportunity

$219,000

0.13 Acres

North Chicago Multifamily Investment Opportunity

Two-unit property with reliable tenants and recent rehab.

822 11th Street, North Chicago, IL 60064

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$404,900

0.67 Acres

Two Homes, One Property

Two separate homes on a .67 acre lot.

11471 W Leland Avenue, Beach Park, IL 60099

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$269,900

0.15 Acres

North Chicago Multifamily Property

Two-unit property with finished attic and basement, fenced yard.

1025 Lincoln Street, North Chicago, IL 60064

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$414,900

0.67 Acres

Two Homes on Large Lot

Two homes on one property with income potential.

11471 W Leland Avenue, Beach Park, IL 60099

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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.

Contact for pricing

0.12 Acres

Land For Sale, Lakemoor, IL

Commercial land available in Lakemoor, Illinois.

27 Oyster Bay, Lakemoor, IL 60051

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Contact for pricing

3.20 Acres

University Park Developable Land

3.2 acres with 24 concrete housing pads in University Park.

976 Mesa Court, University Park, IL 60484

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Contact for pricing

0.12 Acres

Vacant Lot in Gated Community

Vacant lot in gated community with many amenities for seasonal living.

2795 E 28th Lot 1205 Road, Seneca, IL 61360

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Contact for pricing

0.57 Acres

Wooded Homesite in Wheatfield, Indiana

Spacious, wooded 0.57-acre lot in established neighborhood.

4418 Oakland Court, Wheatfield, IN 46392

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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.

Multifamily properties

Value Estimation by Request

2116 Williamsburg Dr, Waukegan, IL 60085

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Restaurants

8,120 SF

Value Estimation by Request

11 Genesee St, Waukegan, IL 60085

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MOBILE HOME PARK, TRAILER PARK

1,140 SF

Value Estimation by Request

3149 Jeanette Ave, Waukegan, IL 60085

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Waukegan, IL Multifamily Properties Investment Opportunities Market Analysis

Explore 9 multifamily properties for sale in Waukegan, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 1,740 square feet of properties for sale, with an estimated market value of $283,975.

Sale prices for multifamily properties in Waukegan, IL start at $283,975, averaging $283,975, and reaching up to $283,975 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
60087	$330K
60085	$412.6K

Neighborhood

Average Price

60087

$330K

60085

$412.6K

Waukegan, IL Multifamily Properties for Sale

Waukegan Multifamily Investment Opportunity

Five-unit property with income and potential for increased cash flow.