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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 Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL
    13 properties
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    Side-by-Side Ranch Duplex
    Updated: Aug 2
    Side-by-Side Ranch Duplex

    2406 Pearsall Parkway, Waukegan, IL 60085

    $399,000
    0.26 AC lot
    0.26‑acre side‑by‑side brick ranch duplex built in 1962 with asphalt roof
    Unit 1: 2 bedrooms, full bath on main; basement family room + 3rd bedroom, full bath, laundry
    Unit 2: 3 bedrooms, 1½ baths on main; sliders to private fenced yard; basement family room + 3 more bedrooms (one w fireplace)
    Both units have central air; newer windows noted
    Garage between units plus open parking; patio and private fenced yards
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    Updated Two-Flat Duplex
    Updated: May 21
    Updated Two-Flat Duplex

    2511 Western Avenue, Waukegan, IL 60087

    $330,000
    0.13 AC lot
    Two‑unit property with 2 bedrooms and 1 full bathroom per unit
    Both apartments are currently rented
    New roof completed in 2025
    Hot water heaters replaced in 2022; newer furnaces installed in 2024
    Shared full basement with laundry hookups
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    Two-Unit Duplex with Basement
    Two-Unit Duplex with Basement

    517 N Jackson Street, Waukegan, IL 60085

    $165,000
    0.12 AC lot

    Two residential units offer four bedrooms, rear parking, and a storage shed near shopping, schools, parks, and transportation.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Unit Residential Income Property
    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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    Mixed-Use Brick Building
    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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    Brick Side-by-Side Duplex
    Brick Side-by-Side Duplex

    2406 Pearsall Parkway, Waukegan, IL 60085

    $399,000

    Two residential units offer separate fenced yards, finished basements, newer windows, and central air.

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    Two-Unit Duplex with Garage
    Two-Unit Duplex with Garage

    621 Helmholz Avenue, Waukegan, IL 60085

    $239,000

    Leased two-unit property with an unfinished basement and detached garage on site.

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    Mixed-Use Corner Brick Building
    Mixed-Use Corner Brick Building

    726 10th Street, Waukegan, IL 60085

    $283,975
    3,375 sqft

    Solid brick corner building with a ground-floor retail storefront plus three apartments and an attached two-car garage.

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    Two-Unit Duplex with Basement
    Two-Unit Duplex with Basement

    517 N Jackson Street, Waukegan, IL 60085

    Contact for pricing

    Duplex with an updated upper unit, basement storage, rear parking, and a shed.

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    Fully Occupied Multifamily Package
    Fully Occupied Multifamily Package

    242 S Victory St, Waukegan, IL 60085

    Contact for pricing

    Four fully occupied residential income properties sold as a package with separate gas and electric for each unit.

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    Mixed-Use Brick Building
    Mixed-Use Brick Building

    818 10th Street, Waukegan, IL 60085

    Contact for pricing
    4,538 sqft

    Brick mixed-use building with two upstairs apartments and a first-floor Mexican restaurant plus space for gambling machines.

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    Updated Duplex with Two 2BR Units
    Updated Duplex with Two 2BR Units

    143 N Butrick Street, Waukegan, IL 60085

    Contact for pricing

    Well-maintained duplex with two spacious 2-bedroom units, including recent first-floor updates and tenant-paid gas and electric.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    714 Cummings Avenue, Waukegan, IL 60085

    Contact for pricing

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

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    Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 13 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.

    Two-Story Side-by-Side Duplex
    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
    Renovated Brick Duplex

    1016 Park Avenue, North Chicago, IL 60064

    $310,000

    Two-unit layout includes updated kitchens, garage parking, and a basement.

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    Renovated Duplex with Garage
    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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    Two Homes on Large Lot
    Two Homes on Large Lot

    11471 W Leland Avenue, Beach Park, IL 60099

    Contact for pricing
    0.67 AC lot

    Two homes on one property with income potential.

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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
    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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    Waukegan Wooded Residential Land
    Waukegan Wooded Residential Land

    1507 W York House Road, Waukegan, IL 60087

    $60,000
    1.11 AC lot

    1.114-acre wooded residential site ideal for builders.

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    Wadsworth Buildable Wooded Homesite
    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
    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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    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
    Land

    38101 Sheridan Rd, Waukegan, IL 60087

    Value Estimation by Request
    23.49 AC lot
    View details
    2253 Belvidere Rd
    Land

    2253 Belvidere Rd, Waukegan, IL 60085

    Value Estimation by Request
    16.00 AC lot
    View details
    2116 Williamsburg Dr
    Multifamily properties

    2116 Williamsburg Dr, Waukegan, IL 60085

    Value Estimation by Request
    View details
    11 Genesee St
    Restaurants

    11 Genesee St, Waukegan, IL 60085

    Value Estimation by Request
    8,120 sqft
    View details
    3149 Jeanette Ave
    MOBILE HOME PARK, TRAILER PARK

    3149 Jeanette Ave, Waukegan, IL 60085

    $185,000
    Estimated value
    1,140 sqft
    View details

    Waukegan, IL Residential Income Properties Market Trends and Statistics

    Explore 18 residential income properties for sale in Waukegan, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 10,421 square feet of properties for sale, with an estimated market value of $2,575,775.

    Sale prices for residential income properties in Waukegan, IL start at $165,000, averaging $321,971, 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

    Multifamily properties 13
    Duplexes 11
    Triplexes 1

    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
    60087 $362.5K
    60085 $400.6K

    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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    Most Searched ZIP Codes in Waukegan, IL

    • 60085
    • 60087

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