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    Waukegan, IL
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    Waukegan, IL Residential Income Properties for Sale

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    North Chicago, IL Park City, IL Gurnee, IL
    6 results
    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
    View details
    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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    Mixed-Use Property in Waukegan, IL
    $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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    Waukegan Commercial Building For Sale
    $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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    Mixed-Use Building in Waukegan
    $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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    Storefront and Two-Flat Building
    $460,000

    Storefront and Two-Flat Building

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

    1809 Washington Street, Waukegan, IL 60085
    View details
    Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 6 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.

    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
    View details
    Two Homes, One Property
    $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
    View details
    North Chicago Multifamily Property
    $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
    View details
    Two Homes on Large Lot
    $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
    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.

    Residential Lot in Waukegan
    $44,725
    0.63 Acres

    Residential Lot in Waukegan

    Spacious, buildable lot with utilities in Waukegan, Illinois.

    613 Clarke Avenue, Waukegan, IL 60085
    View details
    Land with Lake Michigan View
    Contact for pricing
    0.16 Acres

    Land with Lake Michigan View

    Land near Lake Michigan, downtown Waukegan, with survey.

    312 Oak Street, Waukegan, IL 60085
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    Residential Lot in Waukegan, IL
    Contact for pricing
    0.37 Acres

    Residential Lot in Waukegan, IL

    Residential land for sale in Waukegan, Illinois.

    12352 W Atlantic Avenue, Waukegan, IL 60085
    View details
    Waukegan Land Opportunity
    $249,900

    Waukegan Land Opportunity

    Over seven acres available in Waukegan, Illinois.

    3000 Country Club Avenue, Waukegan, IL 60087
    View details

    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.

    38101 Sheridan Rd

    38101 Sheridan Rd

    Land • 23.49 Acres
    Value Estimation by Request
    38101 Sheridan Rd, Waukegan, IL 60087
    View details
    2253 Belvidere Rd

    2253 Belvidere Rd

    Land • 16.00 Acres
    Value Estimation by Request
    2253 Belvidere Rd, Waukegan, IL 60085
    View details
    2116 Williamsburg Dr

    2116 Williamsburg Dr

    Multifamily properties
    Value Estimation by Request
    2116 Williamsburg Dr, Waukegan, IL 60085
    View details
    11 Genesee St

    11 Genesee St

    Restaurants • 8,120 SF
    Value Estimation by Request
    11 Genesee St, Waukegan, IL 60085
    View details
    3149 Jeanette Ave

    3149 Jeanette Ave

    MOBILE HOME PARK, TRAILER PARK • 1,140 SF
    Value Estimation by Request
    3149 Jeanette Ave, Waukegan, IL 60085
    View details

    Waukegan, IL Residential Income Properties Investment Opportunities Market Analysis

    Explore 11 residential income 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 residential income 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.

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    Top Commercial Asset Segments

    Multifamily properties 5
    Apartment buildings 3
    Duplexes 2

    Property Size Breakdown

    The majority of commercial real estate listings in Waukegan fall within the 100,000+ square foot range.

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    60085 $399.6K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Waukegan, IL

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