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    Historic Grayslake Triplex Investment Opportunity
    Updated: Aug 21, 2025
    Historic Grayslake Triplex Investment Opportunity

    40 S Slusser Street, Grayslake, IL 60030

    $347,000
    Prime location in the heart of downtown Grayslake.
    Converted historic home offering a 3‑unit rental property.
    Features original architectural details such as built‑ins, moldings, and doorknobs.
    Beautiful yard with original stone backyard fireplace and patio.
    Ample parking and storage space with a backyard shed.
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Grayslake, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Legal Three-Unit Triplex with In-Unit Laundry
    Legal Three-Unit Triplex with In-Unit Laundry

    3807 Main Street, Mchenry, IL 60050

    $490,000
    0.20 AC lot

    Legal three-unit triplex with in-apartment laundry and tenant-paid water, heat, and electricity, plus driveway parking.

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

    726 10th Street, Waukegan, IL 60085

    $283,975
    0.08 AC lot

    Brick mixed-use corner property with retail storefront, attached 2-car garage, and three income apartments over two levels.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    3807 Main Street, Mchenry, IL 60050

    Contact for pricing

    Legal three-unit triplex built in 1988 with individual laundry areas and separate tenant responsibility for utilities.

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    Grayslake, IL Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Grayslake, IL on our real estate platform.

    Sale prices for three-family homes in Grayslake, IL average $347,000 — 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

    Demographics Overview

    Population 36K
    Population Growth (5Y) -3.4%
    Median Household Income $104,920
    College Educated 67.6%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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