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    Waukegan, IL Residential Income Properties for Sale

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    North Chicago, IL Park City, IL Gurnee, IL
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    Mixed-Use Property in Waukegan, IL
    Updated: Sep 20, 2025
    Mixed-Use Property in Waukegan, IL

    726 10th Street, Waukegan, IL 60085

    $283,975
    1,740 sqft · 0.08 AC lot
    Mixed‑use property with retail storefront and residential apartments provides immediate income potential.
    High‑traffic corner lot location in a business district offers excellent visibility and customer access.
    Retail storefront is suitable for various businesses.
    Solid brick construction ensures durability and low maintenance.
    Includes a 2‑car attached garage and full basement for ample storage.
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    This listing looks promising.

    Here's a quick look at some key insights for

    726 10th Street, Waukegan, IL 60085

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $257K
      Suggested

    • Last Sold

      Sep 1994
      $175K

    • Property Type

      Retail Stores
      Built 1950
    View Property Analytics
    Two-Unit Duplex with Updated Interior
    Updated: Jun 10
    Two-Unit Duplex with Updated Interior

    143 N Butrick Street, Waukegan, IL 60085

    $330,000
    0.11 AC lot
    Duplex with 2 units; each unit offers 2 bedrooms and 1 full bathroom
    First‑floor unit rent is $1,450/month; second‑floor unit rent is $1,175/month
    First‑floor unit includes recent updates: new flooring, fresh paint, updated kitchen, and renovated bathroom
    Major improvements include updated plumbing and electrical systems, plus a newly redone driveway
    Utilities: tenants pay their own gas and electric; water is public and sewer is public sewer
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    Two-Unit Duplex with Tenant-Occupied Unit
    Two-Unit Duplex with Tenant-Occupied Unit

    418 Lawn Court, Waukegan, IL 60085

    $309,900

    Spacious two-unit duplex with a tenant-occupied one-bedroom unit and an owner-ready main home.

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    Two-Unit Duplex with Separate Entrances
    Two-Unit Duplex with Separate Entrances

    2100 Western Avenue, Waukegan, IL 60087

    $394,900

    Well-maintained 2-unit duplex with separate utilities and entrances, offering flexible owner-occupant or rental use.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Updated Waukegan Two-Flat Investment Property
    Updated Waukegan Two-Flat Investment Property

    2511 Western Avenue, Waukegan, IL 60087

    $330,000
    0.13 AC lot

    Updated two-flat in Waukegan with rental income potential.

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    Brick Ranch Duplex
    Brick Ranch Duplex

    2406 Pearsall Parkway, Waukegan, IL 60085

    $429,000
    0.26 AC lot

    Side-by-side ranch duplex with two fenced private yards, basements, central air, and tenant-paid utilities.

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

    143 N Butrick Street, Waukegan, IL 60085

    $330,000

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

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    Waukegan Commercial Building For Sale
    Waukegan Commercial Building For Sale

    319 N County Street, Waukegan, IL 60085

    $349,900
    0.18 AC lot

    B-5 commercial building in downtown Waukegan, ideal for investors.

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    Mixed-Use Building in Waukegan
    Mixed-Use Building in Waukegan

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot

    Mixed-use building with restaurant and apartments in active commercial area.

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    Storefront and Two-Flat Building
    Storefront and Two-Flat Building

    1809 Washington Street, Waukegan, IL 60085

    $460,000

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

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    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 10 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-Home Residential Income Property
    Two-Home Residential Income Property

    11471 W Leland Avenue, Beach Park, IL 60099

    $404,900
    0.67 AC lot

    Two separate homes on one lot provide flexible living and rental options, with a furnished second home updated in 2022–2023.

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

    1015 Glenn Drive, North Chicago, IL 60064

    $214,900
    0.13 AC lot

    Two-unit duplex near major commuter routes with separate utilities and a full basement for storage and utility access.

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

    1025 Lincoln Street, North Chicago, IL 60064

    $279,900
    0.15 AC lot

    Two-unit income property with finished attic and basement space, four full baths, and a fenced yard with detached parking.

    View details
    Two Homes on Large Lot
    Two Homes on Large Lot

    11471 W Leland Avenue, Beach Park, IL 60099

    $414,900
    0.67 AC lot

    Two homes on one property with income potential.

    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.

    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.

    View details
    Wadsworth Buildable Wooded Homesite
    Wadsworth Buildable Wooded Homesite

    13388 W Wadsworth Road, Wadsworth, IL 60083

    $200,000
    3.50 AC lot

    3+ acre wooded homesite in desirable Wadsworth area.

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    Wadsworth Land with Water Views
    Wadsworth Land with Water Views

    39600 Orchard Bluff Lane lot: 19, Wadsworth, IL 60083

    $129,000
    4.57 AC lot

    4.5-acre lot in Jonathon Knolls with water views.

    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
    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

    Value Estimation by Request
    1,140 sqft
    View details

    Waukegan, IL Residential Income Properties Market Trends and Statistics

    Explore 15 residential income properties for sale in Waukegan, IL, showcased through 10 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

    Commercial property segments ranked by active listings on the market

    Multifamily properties 9
    Duplexes 7
    Apartment buildings 2

    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 $359.1K
    60087 $362.5K

    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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