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    Grayslake, IL Residential Income Properties for Sale

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    Mixed-Use Building with Five Storefronts
    Updated: Oct 2, 2025
    Mixed-Use Building with Five Storefronts

    33125 N US Highway 45, Grayslake, IL 60030

    $495,900
    0.29 AC lot
    0.2879‑acre lot with brick construction and a membrane roof
    Five storefronts/offices on the main level for retail and/or professional use
    Upper‑level spacious apartment for owner‑occupancy or rental income
    Approximately 10–12 front and side parking spaces
    Central air cooling throughout
    View details
    Historic Grayslake Triplex Investment Opportunity
    Updated: Aug 21, 2025
    Historic Grayslake Triplex Investment Opportunity

    40 S Slusser Street, Grayslake, IL 60030

    $347,000
    Prime location in the heart of downtown Grayslake.
    Converted historic home offering a 3‑unit rental property.
    Features original architectural details such as built‑ins, moldings, and doorknobs.
    Beautiful yard with original stone backyard fireplace and patio.
    Ample parking and storage space with a backyard shed.
    View details
    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 80 Potential Opportunities for your consideration. Besides 2 Active listings in Grayslake, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

    Libertyville Multifamily De-Conversion Opportunity
    Libertyville Multifamily De-Conversion Opportunity

    375 West Winchester Road, Libertyville, IL 60048

    $5,200,000
    3,100 sqft

    32-unit multifamily property in Libertyville, Illinois, near I-94.

    View details
    Commercially Zoned Single-Family Home
    Commercially Zoned Single-Family Home

    140 E Acre Court, Round Lake Beach, IL 60073

    $499,900
    0.89 AC lot

    3BR/2BA residence on commercially zoned land with a 2-car garage, exterior parking, walkout basement, and deck.

    View details
    Commercially Zoned Residential Property
    Commercially Zoned Residential Property

    168 E Acre Court, Round Lake Beach, IL 60073

    $499,900
    0.89 AC lot

    3BR/2BA home on 0.89 acres with a 2-car garage, deck, walkout basement, and parking for 6+ vehicles.

    View details
    Mixed-Use Retail and Office Building
    Mixed-Use Retail and Office Building

    602-610 N Milwaukee Ave, Libertyville, IL 60048

    Contact for pricing

    Nine mixed-use units include retail, office, and 1BR/1BA apartments, all currently occupied.

    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.

    Grayslake Lot Near Highland Lake
    Grayslake Lot Near Highland Lake

    34110 S CIRCLE Drive, Grayslake, IL 60030

    $69,900
    0.40 AC lot

    0.4 acre lot with lake access and park.

    View details
    Residential Land in Stony Ridge
    Residential Land in Stony Ridge

    264 Crozier Drive lot: 3, Grayslake, IL 60030

    $49,500
    0.51 AC lot

    Half-acre lot in Grayslake's Stony Ridge, ready for development.

    View details
    Residential Land in Venetian Village
    Residential Land in Venetian Village

    21290 W Engle Drive lot: 12 & 13, Lake Villa, IL 60046

    $59,900
    0.34 AC lot

    0.34-acre corner lot in Lake Villa's Venetian Village community.

    View details
    Agricultural Land Along Mill Creek
    Agricultural Land Along Mill Creek

    17925 W Stearns School Road, Gurnee, IL 60031

    $725,000
    18.91 AC lot

    Agricultural acreage with Mill Creek crossing the parcel and residential homes bordering its southern portion.

    View details

    Off-Market Properties in Grayslake, IL

    Consider similar Off-Market properties in Grayslake, 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.

    254 Slusser St
    APARTMENT HOUSE (UNDER 5 UNITS)

    254 Slusser St, Grayslake, IL 60030-1446

    $470,000
    Estimated value
    3,321 sqft 0.35 AC lot
    View details
    610 Barron Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    610 Barron Blvd, Grayslake, IL 60030-1376

    $300,000
    Estimated value
    4,312 sqft 0.34 AC lot
    View details
    720 Barron Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    720 Barron Blvd, Grayslake, IL 60030-1377

    $575,000
    Estimated value
    4,312 sqft 0.34 AC lot
    View details
    239 Lk St
    APARTMENT HOUSE (UNDER 5 UNITS)

    239 Lk St, Grayslake, IL 60030-1459

    $1,065,000
    Estimated value
    12,432 sqft 0.52 AC lot
    View details
    329 Quist Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    329 Quist Ct, Grayslake, IL 60030-2792

    $830,000
    Estimated value
    9,576 sqft 0.53 AC lot
    View details
    645 Swan Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    645 Swan Dr, Grayslake, IL 60030-3302

    $505,000
    Estimated value
    3,788 sqft 0.20 AC lot
    View details
    430 Slusser St
    APARTMENT HOUSE (UNDER 5 UNITS)

    430 Slusser St, Grayslake, IL 60030-2433

    $425,000
    Estimated value
    4,995 sqft 0.57 AC lot
    View details
    653 Swan Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    653 Swan Dr, Grayslake, IL 60030-3300

    $465,000
    Estimated value
    3,724 sqft 0.21 AC lot
    View details
    657 Swan Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    657 Swan Dr, Grayslake, IL 60030-3301

    $470,000
    Estimated value
    3,724 sqft 0.20 AC lot
    View details
    320 Slusser St
    APARTMENT HOUSE (UNDER 5 UNITS)

    320 Slusser St, Grayslake, IL 60030-1478

    $440,000
    Estimated value
    10,836 sqft 0.29 AC lot
    View details
    149 Westerfield Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    149 Westerfield Pl, Grayslake, IL 60030-2366

    $425,000
    Estimated value
    4,620 sqft 1.00 AC lot
    View details
    665 Swan Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    665 Swan Dr, Grayslake, IL 60030-1399

    $465,000
    Estimated value
    3,724 sqft 0.20 AC lot
    View details
    746 Barron Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    746 Barron Blvd, Grayslake, IL 60030-1378

    $305,000
    Estimated value
    4,312 sqft 0.34 AC lot
    View details
    45 Whitney St
    APARTMENT HOUSE (UNDER 5 UNITS)

    45 Whitney St, Grayslake, IL 60030-1584

    $405,000
    Estimated value
    5,863 sqft 0.17 AC lot
    View details
    340 Neville Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    340 Neville Dr, Grayslake, IL 60030-2448

    $1,000,000
    Estimated value
    9,360 sqft 0.48 AC lot
    View details
    333 Neville Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    333 Neville Dr, Grayslake, IL 60030-2454

    $1,000,000
    Estimated value
    9,360 sqft 0.48 AC lot
    View details
    365 Neville Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    365 Neville Dr, Grayslake, IL 60030-2452

    $995,000
    Estimated value
    9,360 sqft 0.48 AC lot
    View details
    330 Neville Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    330 Neville Dr, Grayslake, IL 60030-2446

    $925,000
    Estimated value
    8,484 sqft 0.43 AC lot
    View details
    360 Neville Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    360 Neville Dr, Grayslake, IL 60030-2450

    $995,000
    Estimated value
    9,360 sqft 0.48 AC lot
    View details
    325 Neville Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    325 Neville Dr, Grayslake, IL 60030-2405

    $930,000
    Estimated value
    8,484 sqft 0.43 AC lot
    View details
    661 Swan Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    661 Swan Dr, Grayslake, IL 60030-1397

    $465,000
    Estimated value
    3,724 sqft 0.20 AC lot
    View details
    501 Berry Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    501 Berry Ave, Grayslake, IL 60030-3305

    $525,000
    Estimated value
    4,320 sqft 0.38 AC lot
    View details

    Grayslake, IL Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Grayslake, IL on our real estate platform.

    Sale prices for residential income properties in Grayslake, IL start at $347,000, averaging $421,450, and reaching up to $495,900 — 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

    Multifamily properties 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 36K
    Population Growth (5Y) -3.4%
    Median Household Income $104,920
    College Educated 67.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    60030 $495.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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