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

16 properties

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Updated: Sep 2

Brick Duplex with Two-Car Garage

1033 W Atlantic Avenue, Waukegan, IL 60085

$279,000

Two‑unit brick property built in 1927
Upper apartment includes one bedroom, living room, and kitchen
First‑floor apartment has two bedrooms, living room, and kitchen
Both tenants have rented for fifteen years plus
Tenants are on month‑to‑month arrangements

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Updated: Aug 27

Updated Two-Unit Duplex

429 Center Street, Waukegan, IL 60085

$265,000

0.19 AC lot

Two‑unit duplex with private entrances for each residence
First‑floor unit updated with flooring, paint, lighting, kitchen, and bathroom improvements
0.19‑acre lot with backyard, patio, driveway parking, and storage shed
Shared laundry located in the basement
Zoned MULTI; built in 1901

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Brick Side-by-Side Duplex

2406 Pearsall Parkway, Waukegan, IL 60085

$399,000

0.26 AC lot

Two ranch-style residences offer private fenced yards, finished basements, central air, and separate utility responsibility.

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See what stands out in Lake County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

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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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 residences offer separate layouts, rear vehicle parking, and public water and sewer service.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

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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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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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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Three-Story Mixed-Use Property

11 N Genesee St, Waukegan, IL 60085

Contact for pricing

8,120 sqft

Updated brick building combines an operating restaurant with residential units and multiple tenant spaces.

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Two-Unit Duplex with Separate Entrances

2100 Western Ave, Waukegan, IL 60087

$394,900

Separate utilities and entrances support independent unit operation.

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Brick Duplex With Basement

1609 N Sheridan Rd, Waukegan, IL 60085

$385,000

Separate utilities support the property's dual-living configuration.

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Side-by-Side Duplex with Bonus Rooms

10-12 N Park Avenue, Waukegan, IL 60085

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Two occupied residences offer separate utilities, private driveways, full basements, and flexible living space.

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Two-Unit Residential Income Duplex

714 Cummings Avenue, Waukegan, IL 60085

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

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Age-Restricted Multifamily Community

3305 Sunset Ave, Waukegan, IL 60087

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Age-restricted rental community with underground parking, indoor pool, elevator, fitness center, and shared resident spaces.

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Remodeled Two-Unit Duplex

443 N Ash Street, Waukegan, IL 60085

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

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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 16 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

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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Renovated Brick Duplex

1016 Park Avenue, North Chicago, IL 60064

$310,000

Two-unit residential property with updated interiors, major system improvements, and an attached garage.

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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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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

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.

Multifamily properties

2116 Williamsburg Dr, Waukegan, IL 60085

Value Estimation by Request

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Restaurants

11 Genesee St, Waukegan, IL 60085

Value Estimation by Request

8,120 sqft

View details

MOBILE HOME PARK, TRAILER PARK

3149 Jeanette Ave, Waukegan, IL 60085

$185,000

Estimated value

1,140 sqft

View details

Waukegan, IL Multifamily Properties Market Trends and Statistics

Explore 19 multifamily properties for sale in Waukegan, IL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 10,628 square feet of properties for sale, with an estimated market value of $3,586,700.

Sale prices for multifamily properties in Waukegan, IL start at $165,000, averaging $326,063, 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

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	$314K
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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