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$324,900
6 Beds 3 Baths 12680580 MLS CLOSED Status
**Multiple Offers received** Highest and Best by Wednesday, June 24, 2026 - 6pm. Incredible 2-Unit Opportunity in the Heart of Waukegan! Welcome to this spacious and versatile multi-generational property offering endless possibilities for homeowners and investors alike! Situated on a generous lot in an established Waukegan neighborhood, this property features over 1,900 square feet of living space and is conveniently located near schools, parks, shopping, dining, and major transportation routes. The main unit boasts 5 spacious bedrooms and 2 full bathrooms, featuring an open-concept living and dining area perfect for entertaining family and friends. With plenty of room to spread out, this home is ideal for larger households or those seeking extra space for a home office, gym, or guest rooms. The second unit includes 1 bedroom and 1 full bathroom and is currently tenant occupied. The tenant is willing to remain, providing immediate rental income, or can vacate prior to closing, giving the new owner flexibility to use the space as an in-law suite, guest quarters, or private living area. Additional features include Oversized 2-car garage Abundant storage space Central air conditioning Forced air heating large lot with plenty of outdoor space Income-producing potential Ideal setup for owner-occupants or investors Whether you're looking for a home that accommodates extended family, an owner-occupied investment property, or a residence with supplemental rental income, this unique property checks all the boxes. Opportunities like this don't come around often-schedule your private showing today and discover the possibilities! Live in one unit and let the second help with your mortgage or maximize your investment potential with this flexible 2-unit property!

418 Lawn Court, Waukegan

$370,000
6 Beds 3 Baths 12676818 MLS CLOSED Status
Spacious and beautifully updated, this exceptional home offers 6 bedrooms, 3 full bathrooms, and an abundance of versatile living space designed to fit a variety of lifestyles. From the moment you arrive, you'll appreciate the impressive curb appeal featuring a concrete driveway and oversized 3-car garage with plenty of room for parking, storage, and hobbies. Inside, the bright and inviting floor plan showcases generously sized rooms and multiple living areas perfect for relaxing, entertaining, working from home, or accommodating guests with ease. Two bedrooms are conveniently located on the main level, offering flexibility for guests, related living, or a home office setup. The remodeled kitchen, updated in 2016, is the heart of the home and features white cabinetry, granite countertops, a glass and ceramic tile backsplash, and stainless steel appliances including a refrigerator, dishwasher, and gas oven with a five-burner cooktop. Additional major updates completed in 2016 include the central air, asphalt shingle roof, replacement windows, and vinyl siding, offering peace of mind and added value. The finished basement provides even more functional living space with recessed lighting and endless possibilities for a large recreation room, home gym, office, bonus room, or additional storage. Step outside to enjoy the large backyard with ample space for outdoor entertaining, gardening, pets, or summer fun. With thoughtful updates throughout, expansive living areas, and room to grow, this rare opportunity combines comfort, functionality, and flexibility in one impressive home!

29 N Metropolitan Avenue, Waukegan

$333,000
8 Beds 5 Baths 12538839 MLS CLOSED Status
This well-maintained duplex investment property presents a rare opportunity for investors seeking strong cash flow and solid returns. The property consists of two separate duplex units, offering a total of 8 bedrooms across both buildings. One unit features 4 bedrooms and 2 full bathrooms, while the second unit offers 4 bedrooms and 3 full bathrooms, providing flexible layouts that appeal to long-term tenants. This asset delivers an attractive return, making it a compelling addition to any investment portfolio. The property is in good overall condition and is considered turn-key, minimizing immediate capital expenditure for the next owner. The property is currently occupied, and showings require approximately 48 hours' notice. An on-site attendant is already in place, ensuring smooth operations and tenant management. Whether purchased with cash or financing, this property offers excellent value relative to the purchase price, making it an outstanding opportunity in today's market. Opportunities like this-combining location, condition, and yield-are increasingly difficult to find. Ideal for investors seeking steady income, strong fundamentals, and long-term upside.

45 N Mcaree Road, Waukegan

$200,000
6 Beds 2 Baths 12509592 MLS CLOSED Status
Beautifully Updated Multi-Unit Property - Ideal Investment Opportunity! This well-maintained property features two spacious units, each offering three bedrooms and one full bath. Every unit is equipped with separate utilities, individual boilers, and updated electrical systems-ensuring efficiency and convenience for both occupants and owners. Enjoy newer windows that bring in plenty of natural light, modernized kitchens and bathrooms, and formal living and dining rooms that provide comfortable and versatile living spaces. While there is no garage, residents will appreciate ample off-street parking available on the property. With its recent updates, prime features, and solid rental potential, this home is a perfect fit for investors or owner-occupants alike!

215 S Park Avenue, Waukegan

$277,100
6 Beds 2 Baths 12493508 MLS CLOSED Status
Welcome to 831 S McAlister Ave in Waukegan! This spacious two-unit property offers the perfect blend of comfort, income potential, and convenience. Each unit features 3 bedrooms and 1 full bath, providing generous living space filled with natural light throughout. The second unit has been freshly updated with new paint and stylish new flooring, making it move-in ready and ideal for an investor or owner-occupant. Both units share access to a large basement, offering plenty of room for storage. Step outside and enjoy a spacious backyard-perfect for relaxing, gardening, or entertaining. The property also features an impressive rear parking area with alley access, providing space for at least 6 cars. This property is close to many local amenities such as Lake Michigan, the Waukegan Marina and Beach, the Genesee Theatre, Bowen Park, and numerous local shops and dining options. With easy access to major roads and public transportation, everything you need is just minutes away. Whether you're looking to build your real estate portfolio or live in one unit while renting out the other, 831 S McAlister Ave is a true gem! Sold As-Is!

831 S Mcalister Avenue, Waukegan

$485,000
14 Beds 5 Baths 12429828 MLS CLOSED Status
HIGH cash-flowing investment opportunity - ideal for owner-occupants, first-time, or seasoned investors. ***Rental income and NOI do not include the 4th unit, which was owner-occupied. Fully rented, the potential gross income is $7,365/month with a projected NOI of $82,000+. Strong potential to increase rents.*** Three out of four units have been fully rehabbed, featuring new flooring, paint, cabinets, bathrooms, and appliances. All units are equipped with new window A/C units and keypad locks on every door for added convenience and security. 4 new water heaters. Copper pipes and PVC drainage throughout the whole building. Additional storage and possibility of coin laundry for additional income. All windows were changed in the past 5 years. Private driveway parking accommodates 8 vehicles. AS-IS sale.

1007 8Th Street, Waukegan

$380,000
6 Beds 2 Baths 12425374 MLS CLOSED Status
Excellent opportunity to own a beautifully renovated brick 2-flat (with 2 car garage), on a prime corner lot in Waukegan! Both units have been renovated, with all new bathrooms, kitchen and appliances, paint, and interior finishes! 3 full beds and 1 bath in each unit, hardwood floors throughout, and a large living room with decorative fireplace and separate dining room. Great western exposure with an abundance of natural light. Large unfinished and dry basement with amazing opportunity to expand square footage. Unit 1 is occupied on a 2 year lease and commands strong rent. Unit 2 is vacant, perfect for an owner occupant to move right-in, or the opportunity to rent out and collect top rent for the whole building. In addition to the unit renovations, there are many improvements to the building: new A/C condensers, garage door, landscaping, fencing, tuck pointing, new LVP flooring in back stairs, and more. Tenants pay all utilities. Convenient Waukegan location with Forest Preserve across the street and everything nearby. Don't miss this!

1110 W Pacific Avenue, Waukegan

$300,000
6 Beds 2 Baths 12415957 MLS CLOSED Status
Great Investment or Family Home in Waukegan! Don't miss this fully remodeled, move-in-ready 2-unit property in Waukegan's hot rental market! Perfect for investors chasing strong cash flow or families wanting to live in one unit while tenants cover most of the mortgage. This turnkey gem is a smart buy for today and tomorrow. Front Unit: 4 bedrooms, 1 bathroom - spacious for large families or tenants needing room. Back Unit: 2 bedrooms, 1 bathroom - cozy, modern, and easy to rent. Both units shine with new flooring, plush carpeting, and fresh paint for a warm, inviting feel. The updated kitchens feature modern cabinets, stylish backsplashes, and brand-new stainless-steel appliances. Renovated bathrooms add a clean, comfortable touch. Each unit has separate gas and electric meters, so tenants pay their own utilities. Two new furnaces and two new water heaters ensure low-maintenance, worry-free living. The full basement, accessible to both units, has ample storage and washer-dryer hookups for tenant convenience. Outside, a freshly sealed driveway leads to a massive parking area - perfect for families with multiple cars or tenants with work vehicles. The low-maintenance exterior keeps this property looking sharp. Act fast - this rare find in a family-friendly neighborhood won't last! Investors, secure a highly profitable, income-producing property. Families, live in the 4-bedroom unit and let the 2-bedroom unit pay your way. This is the dream home or income machine you've been waiting for - schedule your showing today!

305 S Lewis Avenue, Waukegan

$355,000
6 Beds 4 Baths 12339981 MLS CLOSED Status
Don't miss this unique and versatile large 2-unit home, perfect for investors or multi-generational living! Each unit offers 3 generous bedrooms and 1.1 bathrooms, providing plenty of space and comfort for all. Enjoy extra-large laundry rooms in both units-ideal for storage or even future customization. One unit features a charming 3-season porch, perfect for relaxing in comfort, while the other boasts a cemented patio, great for outdoor entertaining. The fenced backyard adds privacy and security, and the detached 2-car garage provides convenient parking and storage. Located just a few homes down from a lovely neighborhood park, it's a perfect spot for young children to play and families to gather. This is a rare find offering size, location, and flexibility-schedule your showing today! SOLD AS IS.

2408 Western Avenue, Waukegan

$355,000
7 Beds 2 Baths 12335813 MLS CLOSED Status
Don't miss this one! Live in it or rent it out, this building has 2 well-maintained, beautifully-lit, spacious units. Property has 3,178 in total living space with 4,767 in total square feet. Second Floor Unit offers 4 bedrooms ; 1st floor Unit has 3 bedrooms. Each unit has an eat in kitchen, separate dining room, living area, sitting area and approximately 1,500 sq ft of living space! Painted basement and attic space offer plenty of extra storage. Recent updates include; interior and exterior painting, newer windows and hot water heater, with newer roof. Ample private parking includes renovated, large, detached, 3 car garage with 4 additional parking spaces. Close to schools, restaurants and shops. Potential Buyers must submit pre-approval to schedule showing.

123 Philippa Avenue, Waukegan

$230,000
7 Beds 3 Baths 12328870 MLS CLOSED Status
Investment Opportunity: Spacious Conforming Two-Flat in Waukegan This two-flat property offers generous living space and versatile investment potential. First Floor Unit: Bedrooms: 4, Bathroom: 1, Kitchen: Large, eat-in kitchen complete with a walk-in pantry for extra storage and convenience. Second Floor Unit: Bedrooms: 3, Living Area: Very large living room, Kitchen: Spacious eat-in kitchen with a walk-in pantry, Bathroom: Full bathroom. Additional Features: Attic: Fully framed in and ideal for additional storage. Basement: Equipped with a bathroom and several rooms, including a designated area for a washer and dryer. Parking:Garage: Two-car detached garage. Additional: Parking available in the alley and driveway parking for the other tenant. With ample space and a variety of living areas, the property can be utilized in multiple ways, whether for rental income or personal use. Sold as/is. Tenants are month to month.

824 S Jackson Street, Waukegan

$310,000
6 Beds 4 Baths 12208380 MLS CLOSED Status
This well-maintained duplex on a corner lot offers the perfect blend of charm and opportunity. Whether you're looking to invest or occupy, this property has you covered. Live in one unit while letting rental income from the other subsidize your mortgage. NEW ROOF+SIDING 2016 2-car garage and two driveways for added convenience. Ideally situated on corner lot Unit 1: Move-in ready, featuring a spacious primary bedroom with an attached nursery/office. Unit 2: Larger layout needing some TLC-perfect for customization to suit your style. Both units showcase craftsmanship and character, with larger-than-expected bedrooms for a home of this era. The property also includes a 2-car garage and two driveways for added convenience. Don't miss out on this unique opportunity-schedule your showing today!

618 W Ridgeland Avenue, Waukegan



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