Waukegan, IL Residential Income Properties for Sale

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8 properties

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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
Tenant‑occupied first unit and owner‑occupied second unit
Full unfinished basement provides storage
Public water and public sewer
Vinyl siding, asphalt roof, and natural gas heating

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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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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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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

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

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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Residential Income Property

517 N Jackson Street, Waukegan, IL 60085

$165,000

A 1920 property with natural gas service, a full basement, and a driveway.

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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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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 21 Potential Opportunities for your consideration. Besides 8 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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.

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-Unit Duplex with Garage

1025 Lincoln Street, North Chicago, IL 60064

$279,900

0.15 AC lot

Finished attic and basement areas provide additional rooms and bathrooms beyond the primary living spaces.

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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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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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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 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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Wadsworth Buildable Wooded Homesite

13388 W Wadsworth Road, Wadsworth, IL 60083

$200,000

3+ acre wooded homesite in desirable Wadsworth area.

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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.

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Wooded Land in Winthrop Harbor

13th Street, Winthrop Harbor, IL 60096

$149,000

4.67 AC lot

4.67 acre wooded residential parcel near North Point Marina.

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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.

Land

38101 Sheridan Rd, Waukegan, IL 60087

Estimated value: by Request

23.49 AC lot

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Land

2253 Belvidere Rd, Waukegan, IL 60085

Estimated value: by Request

16.00 AC lot

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Multifamily properties

2116 Williamsburg Dr, Waukegan, IL 60085

Estimated value: by Request

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Restaurants

11 Genesee St, Waukegan, IL 60085

Estimated value: by Request

8,120 sqft

View details

MOBILE HOME PARK, TRAILER PARK

3149 Jeanette Ave, Waukegan, IL 60085

Estimated value:

$185,000

1,140 sqft

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Waukegan, IL Residential Income Properties Market Trends and Statistics

Explore 13 residential income properties for sale in Waukegan, IL, showcased through 8 active listings on our real estate platform.

Sale prices for residential income properties in Waukegan, IL start at $165,000, averaging $264,828, 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	$288K
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.

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