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    Libertyville, IL Residential Income Properties for Sale

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    Libertyville Multifamily De-Conversion Opportunity
    Updated: Nov 21, 2025
    Libertyville Multifamily De-Conversion Opportunity

    375 West Winchester Road, Libertyville, IL 60048

    $5,200,000
    3,100 sqft
    De‑conversion opportunity for a 32‑unit building.
    Value‑add potential through renovation and rent increases to market levels.
    Located in Libertyville, Lake County, a desirable residential community.
    Convenient access to I‑94 and close proximity to the Libertyville Metra Train.
    Building features elevator access and assigned parking.
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    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 10 Potential Opportunities for your consideration. Besides 1 Active listings in Libertyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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-Unit Duplex with Finished Basement
    Two-Unit Duplex with Finished Basement

    1919 16th Street, North Chicago, IL 60064

    $250,000
    0.14 AC lot

    Each unit features two bedrooms and one bath, plus a finished basement with its own separate entrance.

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    Side-by-Side Ranch Duplex
    Side-by-Side Ranch Duplex

    2406 Pearsall Parkway, Waukegan, IL 60085

    $399,000
    0.26 AC lot

    Two-unit brick ranch duplex with central air, private fenced yards, and a garage between units; tenants pay all utilities.

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    Duplex With Two Units
    Duplex With Two Units

    1617 Grove Avenue, North Chicago, IL 60064

    $144,400
    0.28 AC lot

    Brick and stucco 2-flat with natural gas heat, public sewer, and two units totaling five bedrooms and two bathrooms.

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    Brick Restaurant with Second-Floor Apartments
    Brick Restaurant with Second-Floor Apartments

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot

    Mixed-use brick building with a first-floor restaurant and two second-floor apartments, zoned COMMR in Waukegan.

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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.

    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.

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    Picturesque 19 Acres with Creek
    Picturesque 19 Acres with Creek

    17925 W Stearns School Road, Gurnee, IL 60031

    $725,000
    18.91 AC lot

    19 acres in Lake County with Mill Creek.

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    Land Lot with Partial Lake View
    Land Lot with Partial Lake View

    312 Oak Street, Waukegan, IL 60085

    Contact for pricing
    0.16 AC lot

    Buildable lot with partial Lake Michigan views and updated surveyed dimensions near the lakefront and downtown.

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    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.

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    Off-Market Properties in Libertyville, IL

    Consider similar Off-Market properties in Libertyville, 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.

    33588 Hunt Club Rd
    Land

    33588 Hunt Club Rd, Libertyville, IL 60048

    Value Estimation by Request
    21.00 AC lot
    View details

    Libertyville, IL Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Libertyville, IL on our real estate platform. These investment opportunities span a total of 3,100 square feet of properties for sale, with an estimated market value of $5,200,000.

    Sale prices for residential income properties in Libertyville, IL average $5,200,000 — 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

    Apartment buildings 1
    Multifamily properties 1

    Demographics Overview

    Population 29K
    Population Growth (5Y) -0.4%
    Median Household Income $169,283
    College Educated 50.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    60048 $5.2M

    Taxes & Financing

    Tax Rate (average for all types) 7.69%
    Property Tax per SF $91.39 per SF
    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 Libertyville fall within the 100,000+ square foot range.

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