Browse All Waukegan IL Multi-Family Properties for Sale

4 Beds ⋅ 2 Baths ⋅ 12728937 MLS ⋅ CONTINGENT Status

Waukegan two-flat available! Both units are 2bed/1bth. Property has served as a profitable investment vehicle for many years. Unit 1 lease up 12/31/2026 and Unit 2 lease up 04/30/2027. Full unfinished basement. Garage on site as well. 24 hours notice minimum, do not disturb tenants. Owner is licensed IL real estate broker; Listing Agent is not owner. ***UPDATE - HIGHEST AND BEST OFFERS DUE BY WEDNESDAY AUGUST 19TH AT 12PM!

621 Helmholz Avenue, Waukegan

$165,000

4 Beds ⋅ 2 Baths ⋅ 12727159 MLS ⋅ CONTINGENT Status

2unit property offering great investment or owner occupant potential. The first-floor unit includes 2 bedrooms, 1 full bath, a spacious living room (currently used as a bedroom), and direct access to the full unfinished basement for additional storage. The recently updated second-floor unit features 2 bedrooms and 1 full bath with a comfortable, functional layout. Rear parking accommodates multiple vehicles and a shed. Roof replaced in 2022. Conveniently located near shopping, schools, parks, and major transportation, this property offers strong income potential and long-term value. Being sold As 'Is!

517 N Jackson Street, Waukegan

$324,000

10 Beds ⋅ 3 Baths ⋅ 12724143 MLS ⋅ CONTINGENT Status

HUGE NEWLY REHABBED 2 FLAT! 10 Total Bedrooms upstairs is a 2 story unit 7 bedrooms bath & a half downstairs is a 3bedroom. Both units vacant and ready for move in or rental. Exterior parking in back. Great building wont last long!!! Owners are licensed realtors but not the listing broker.

637 8Th Street, Waukegan

$399,000

4 Beds ⋅ 5 Baths ⋅ 12722053 MLS ⋅ CONTINGENT Status

Rare Brick side by side LARGE Ranch duplex. Great location in wonderful neighborhood near Green Bay Road. Both units in great condition. Unit 1: Large Living Room, 2 Bedrooms, Eat in Kitchen, Full Bath on Main floor, Most Floors are Hardwood, Basement with Family Room, 3rd Bedroom, Full Bath & Laundry Room. Private fenced yard. Unit 2: Large Living Room/Dining Room with Sliders to Private fenced yard, Open Eat in Kitchen, 3 Bedrooms, 1 1/2 Baths(1/2 Bath off of Master) on Main Level, Most Floors new laminate, Basement with FR , 3 More bedrooms, 1 With Fireplace! Full Bath & Laundry Room, Front and back stairwells to Basement. Newer Windows, both units have Central Air. The garage between units gives additional privacy. Tenants pay ALL utilities. Although a well-maintained property, it is sold as is.

2406 Pearsall Parkway, Waukegan

$239,000

4 Beds ⋅ 2 Baths ⋅ 12698643 MLS ⋅ CONTINGENT Status

Wow! Opportunities like this rarely come around. Updated and Freshly painted 2 flat. You are greeted a wonderful large front porch great for gatherings, chatting with neighbors or simply having a cup of coffer. Renovated and updated 2 unit building with newly renovated & updated kitchens with LVP flooring and renovated & updated baths. Gorgeous refinished Hardwood flooring elsewhere in the units. Gas forced AC & Heat, in owners unit and Central heat in upstairs unit. Fresh new landscaping. This incredible 2 unit property has been updated for today's smart buyers. The savvy buyer will either buy and live in one unit, while renting the other unit out providing a very solid monthly income and living there almost free, or for the investor who want to generate a huge return on investment every month by making this an investment property. This is a once in a lifetime opportunity. Run to get this property

664 Lenox Avenue, Waukegan

$324,900

4 Beds ⋅ 2 Baths ⋅ 12697534 MLS ⋅ RE-ACTIVATED Status

Excellent Investment Opportunity or Owner-Occupant Duplex in a Convenient Waukegan Location! Welcome to this well-maintained two-story, income-producing property situated on a desirable corner lot in the heart of Waukegan. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this versatile property offers exceptional value and endless possibilities. The first-floor unit features 2 spacious bedrooms, a bright living room, a large family room, an eat-in kitchen, and a full bathroom, providing a comfortable and functional layout. The second-floor unit offers 2 bedrooms, a full bathroom, a sun-filled living room, a kitchen, and a charming enclosed sunroom that adds additional living space and natural light. Recent improvements include brand-new flooring throughout both units and every level, fresh interior paint, and a new roof on the detached two-car garage, making this property move-in ready while minimizing future maintenance.The full basement offers a shared laundry area and abundant storage space. Outside, you'll appreciate the fenced backyard, mature landscaping, and detached two-car garage, providing plenty of outdoor space for tenants or owners to enjoy. Conveniently located near Downtown Waukegan, Lake Michigan, Waukegan Harbor, Genesee Theatre, parks, shopping, restaurants, public transportation, and the Metra Union Pacific North Line, this home also offers easy access to Green Bay Road, IL-137, and I-94, making commuting to Chicago or Wisconsin simple. The area continues to benefit from ongoing redevelopment and community investment, adding long-term value and appeal. Please do not disturb the tenants. Showings are available by appointment only. A current mortgage pre-approval or proof of funds is required before a showing can be confirmed.

1102 North Avenue, Waukegan

$408,000

5 Beds ⋅ 4 Baths ⋅ 12682160 MLS ⋅ CLOSED Status

Spacious and well-maintained 2-unit property offering incredible flexibility for both owner-occupants and investors, top unit can rent out for more than $1500! This oversized duplex/2flat features 5bedrooms and 4bathrooms with separate utilities and entrances. Perfect to live in one unit and rent out bottom unit with rental income, or add a solid cash-flowing asset to your portfolio!

2100 Western Avenue, Waukegan

$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

$330,000

4 Beds ⋅ 2 Baths ⋅ 12674150 MLS ⋅ CLOSED Status

Excellent investment opportunity or owner-occupant duplex in Waukegan! This well-maintained 2-unit property features two spacious units, each offering 2 bedrooms and 1 full bathroom. The first-floor unit has been recently updated with new flooring, fresh paint, an updated kitchen, and a renovated bathroom, providing a modern and attractive living space. Investors will appreciate the strong rental income, with the first-floor unit generating $1,450/month and the second-floor unit generating $1,175/month. Tenants pay their own gas and electric, helping keep operating expenses low. Major improvements have already been completed, including updated plumbing, electrical systems, and a newly redone driveway, offering peace of mind and reduced maintenance costs for years to come. Conveniently located near schools, shopping, dining, and transportation, this turnkey multi-unit property is a fantastic addition to any investment portfolio or an ideal opportunity to live in one unit while collecting rental income from the other. Don't miss this chance to own a cash-flowing property with significant updates already in place!

143 N Butrick Street, Waukegan

$385,000

4 Beds ⋅ 3 Baths ⋅ 12640287 MLS ⋅ PENDING Status

Welcome to this exquisite 2unit brick structure located in a coveted neighborhood perfect for families or seeking a prime location with dual living options. Each unit boasts 2bedrroms ideal for comfortable living modern bathrooms thoughtfully designed for convenience. the expansive basement offers a possible in-law arrangement with a fantastic Family room an additional bedroom, a full bathroom and plenty of storage making it perfect for entertaining or relaxing enjoy the luxury of the 2 car 2 door garage huge back yard perfect for outdoor gatherings and playtime. Each unit features a charming parlor and a cozy living room highlighted by wood fireplaces with the complimentary original hardwood flooring creating a warm and inviting atmosphere on both floors all units have 2 entrances all utilities separate. Property being sold as is

1609 N Sheridan Road, Waukegan

$330,000

4 Beds ⋅ 2 Baths ⋅ 12655270 MLS ⋅ CONTINGENT Status

GREAT OPPORTUNITY TO OWN AN UPDATED 2-FLAT IN NORTHERN WAUKEGAN! Both units are currently rented, making this a great investment opportunity! Each unit features 2 bedrooms and 1 full bathroom, along with newer luxury vinyl flooring throughout. The property also offers a shared full basement with laundry hookups, private driveway parking, and several major updates already completed, including both hot water heaters replaced in 2022, newer furnaces in 2024, and a new roof in 2025. Located across from Western Tot Lot and close to the bike path, this property offers convenience, updates, and steady rental income potential. A must-see investment property!

2511 Western Avenue, Waukegan

$405,000

4 Beds ⋅ 3 Baths ⋅ 12637313 MLS ⋅ CONTINGENT Status

An exceptional opportunity for any owner occupant or investor looking for a beautiful, move-in ready 2 unit in a prime Waukegan location. Side by side brick duplex. Each 2 story unit features 2 BRs & 1 BA, with unit 411 also having a half bath in basement. Units have separate basements with furnaces & water heaters being approx. 8 years old. Central A/C units 5-6 years old. Each unit has beautiful hardwood floors on much of 1st & 2nd floors, including under carpeting, per seller. Oak staircases with curved bannisters. Unit 411 has 1 year old tub & toilet & 3 new basement windows. Washer in 411 is being sold "as is," with parts needed for repair (tenant's portable washer is excluded). Building has had 22 windows replaced (11-12 years) & roof on building & garage replaced (tear off) 11-12 years ago. Back porch railing is brand new. Fenced yard & 2 car detached garage. Separate utilities. Units are identical in layout and very comparable in condition. Tenant (family friend) in unit 411 is on mo/mo lease with rent significantly below market. Last Tenant in unit 409 was paying $1550/mo. Initial showings of vacant unit (409) only. Showing for unit 411 to be scheduled upon offer acceptance.

409-11 W Keith Avenue, Waukegan

$379,900

4 Beds ⋅ 3 Baths ⋅ 12584461 MLS ⋅ CLOSED Status

Waukegan

$214,900

4 Beds ⋅ 2 Baths ⋅ 12617622 MLS ⋅ CONTINGENT Status

Two-unit cedar wood property - both units 2bd/1bth. Has served as an excellent rental property for many years. Electric only to property, no gas. Logical and convenient layouts to both units. Garage on site but not overhead garage door. Full unfinished basement. Concrete front stoop only a couple of years old. Large driveway/parking area for your enjoyment. Inquire today!

714 Cummings Avenue, Waukegan

$250,000

4 Beds ⋅ 2 Baths ⋅ 12613093 MLS ⋅ CONTINGENT Status

This versatile 4-bedroom, 2-bathroom two-unit property at 644 Lenox Ave offers the perfect blend of move-in readiness and investment potential. The first-floor unit is meticulously maintained, boasting a functional layout, spacious bedrooms, and abundant storage throughout. While the upstairs unit requires some TLC, it presents a prime opportunity to build equity or maximize rental income. Complete with a full basement for additional storage or future finishing, and a private driveway with parking for four cars, this home is a standout choice for savvy investors or owner-occupants looking to invest in a solid Waukegan location.

644 Lenox Avenue, Waukegan

$235,000

4 Beds ⋅ 2 Baths ⋅ 12585355 MLS ⋅ CLOSED Status

GREAT OPPORTUNITY WITH THIS 2 UNIT. EACH UNIT WITH 2 BEDROOMS, 1 BATH, LIVING ROOM & KITCHEN, INCLUDES 2 STOVES 2 REFRIGERATORS. FULL BASEMENT W/ SEPATATE ACCESS FROM EACH UNIT, PROPERTY IN GOOD CONDITION, WALK UP FINISH ATTIC. SEPARATE ELECTRIC. NEWER FURNACE AND 2 WATER HEATERS. GOOD INVESTMENT.

214 Franklin Avenue, Waukegan

$315,000

4 Beds ⋅ 2 Baths ⋅ 12572684 MLS ⋅ CLOSED Status

Fully remodeled and move-in ready, this two-unit property is a fantastic opportunity for both homeowners and investors. Each unit features 1250 Square Feet, brand-new flooring, fresh paint, updated kitchens, new light fixtures, and beautifully remodeled bathrooms. Both units are vacant and ready for immediate occupancy, making it perfect to live in one unit while renting out the other - a great way to generate income and build long-term wealth. Each unit offers two bedrooms, one full bathroom, a dining room, living room, and a sunroom ideal for a home office or flex space. The property also includes a basement and attic for ample storage!

302 Cory Avenue, Waukegan

$300,000

4 Beds ⋅ 3 Baths ⋅ 12567964 MLS ⋅ CLOSED Status

Exceptional brick 2-unit property offering space, updates, and versatility! This solid building features a newer roof, newer furnace, and newer central air conditioning. The main floor unit has been beautifully updated with brand-new wood vinyl flooring throughout and fresh paint. featuring a spacious living room, bright large kitchen with dining area, abundant cabinet space, and all appliances included. This unit offers 2 comfortable bedrooms and a lovely full bathroom. The main floor unit also includes private access to a finished basement featuring a half bath, generous recreation room with built-in bar, bonus room perfect for office or flex space, plus a utility area with washer and dryer included along with additional storage. The upstairs unit is in immaculate condition and features a kitchen with dining area, vinyl flooring throughout, 2 bedrooms, and a full bathroom, making it move-in ready and ideal for rental income or extended living. The property also includes a 2-car garage and a large backyard. Home is a fantastic opportunity for owner-occupants seeking rental income or investors looking for a well-maintained, income-producing property with major updates already completed. Easy to show.

1000 N Lewis 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

$232,000

4 Beds ⋅ 2 Baths ⋅ 12532464 MLS ⋅ CLOSED Status

Solid 1920 two-unit building with strong layout and income potential. The first-floor unit offers 2 bedrooms, 1 bath, and a large living/dining combo, while the second-floor unit features 2 bedroom and an oversized living room. Each unit benefits from enclosed porch space, enhancing usable square footage. Unfinished basement ideal for storage or future improvements. Window AC units throughout. Perfect addition to an investor's portfolio or owner-occupant opportunity.

832 Lenox Avenue, Waukegan

$240,000

4 Beds ⋅ 2 Baths ⋅ 12536536 MLS ⋅ CLOSED Status

Well-maintained two-unit property built in 1903, offering identical layouts on both floors. Each unit features two bedrooms and one full bath, providing comfortable and functional living space. The property includes a full unfinished basement ideal for storage or future potential, along with a detached two-car garage. Window air conditioning units provide seasonal comfort. A great opportunity for owner-occupants or investors alike.

920 Adams Street, Waukegan

$379,900

4 Beds ⋅ 4 Baths ⋅ 12537315 MLS ⋅ CLOSED Status

Currently vacant. Private quiet neighborhood. Double lot 120X135. On dead end street to forest preserve. Beautifully renovated in North Shore Sub. Brick ranch duplex with gleaming hardwood floors thruout. Just professionally painted in stylish Sherwin Williams top of the line paint. Large living rooms with sunny southern exposure. Family size eatin kitchens includes all appliances stay. Two+ bedrooms in each unit. Plus two full baths in each unit. Separate fully finished family room/bedroom with bathroom in each basements. Two attached garages. Large yard with shed.Close to schools, shopping, dining and transporation. Minutes to Navy base, Rosalind Franklin University of Medicine and Science, Rte 41 and Fountain Square casino and Walmart. Excellent for inlaw arrangement or elderly family semi handicap.

2504 9Th Parkway, Waukegan

$250,000

5 Beds ⋅ 2 Baths ⋅ 12534517 MLS ⋅ CLOSED Status

Rare Opportunity in Waukegan! This unique two-homes-on-one-lot property, offers outstanding flexibility for investors or owner-occupants. Ideal for those looking to live in one home while renting the other, or for multi-generational living with separate residences on one parcel. The main home is a two-story residence featuring 3 bedrooms and 1.5 bathrooms, a spacious living room, separate dining area, and a full basement, providing excellent storage. The second home offers 2 bedrooms and 1 bathroom and is currently tenant-occupied, offering immediate rental income. A versatile property with long-term potential-perfect for expanding your portfolio or creating a smart living arrangement. Main home has new roof & siding (2025)! Schedule your showing today!

515 May Street, Waukegan

$260,000

4 Beds ⋅ 2 Baths ⋅ 12528519 MLS ⋅ CLOSED Status

Two-unit property for sale: occupy one unit and rent the other. Each unit features 2 spacious bedrooms, living room, dining room, office, and porch. The property includes a full basement and a 2-car garage on a corner lot. Seize the opportunity to own this exceptional 2-unit property.

1525 North Avenue, Waukegan

$275,000

4 Beds ⋅ 2 Baths ⋅ 12530155 MLS ⋅ CLOSED Status

Home available for showings! This beautifully updated Multi-Family . renovated property sits on a treelined street featuring 2 bedrooms and 1 bath in each. Offering a modern and comfortable living space. Both units have been thoughtfully updated from top to bottom, including painting, newer flooring, and stylish finishes throughout. The kitchens boast new cabinetry, countertops and stainless steel appliances, while both bathrooms have been remodeled with contemporary fixtures. Each unit includes nice size bedrooms and storage space. Full unfinished basement. Perfect for investors! This turnkey property offers strong rental payments in a desirable location.

918 N Ash Street, Waukegan

$270,000

2 Beds ⋅ 1 Baths ⋅ 12509367 MLS ⋅ CLOSED Status

Brick side by side duplex priced well! Decent floor plan with large living room, formal dining room with corner hutches, kitchens include stove and refrigerator. Bedrooms upstairs are large. Nice hardwood floors throughout. Full basements each side good for storage. Both units have brand new furnaces, Aug. 2025. Newer roof on house and flat roof on garage shed (also rebuilt) Oct. 2019. Tuckpointing and chimney work done July 2022. 2 car garage shared by tenants. Cute back yard. Good opportunity here for investment, or live in one unit, rent the other! Leases on both units expire 12/31/25.

1613-1615 North Avenue, 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

$224,000

4 Beds ⋅ 3 Baths ⋅ 12506862 MLS ⋅ CLOSED Status

Opportunity awaits at 428 N Poplar Dr in Waukegan! This up-and-down duplex offers flexibility, space, and plenty of potential for investors or owner-occupants alike. Each level features comfortable living areas with generous room sizes, functional kitchens, and full baths. The property has good bones and a practical layout-ideal for updates and customization. With some improvements, the lower level may offer potential for a third unit (buyer to verify). A fenced yard, detached garage, and convenient location near downtown Waukegan, parks, and public transportation make this a solid investment opportunity. Sold as-is. Bring your ideas and make it your own!

428 N Poplar Street, Waukegan

$308,000

6 Beds ⋅ 4 Baths ⋅ 12499307 MLS ⋅ CLOSED Status

DON'T MISS OUT ON THIS GREAT OPPORTUNITY OF OWNING AN EXPANSIVE ALL BRICK TWO UNIT BUILDING IN A GREAT LOCATION. BOTH UNITS OFFER SO MUCH SPACE - EACH HAS THREE BEDROOMS WITH AN ADDITIONAL SITTING ROOM IN THE PRIMARY BEDROOMS. LARGE LIVING ROOM WITH A FIREPLACE IN EACH UNIT. FULL BASEMENT. SEPARATE GAS AND ELECTRIC. LARGE ATTIC IS PARTIALLY FINISHED. UPSTAIRS UNIT OFFERS A BEAUTIFUL REMODELED KITCHEN AND BATHROOM. THIS MULTI-UNIT IS PERFECT FOR AN INVESTOR OR MULTI-GENERATIONS. RENT BOTH UNITS OR LIVE IN ONE & RENT THE OTHER. THE OPTIONS ARE THERE FOR ANYONE WHO WANTS TO BUILD WEALTH BY OWNING REAL ESTATE. DON'T MISS OUT...SCHEDULE YOUR VIEWING TODAY!

415 W Ridgeland Avenue, Waukegan

$310,000

4 Beds ⋅ 4 Baths ⋅ 12498440 MLS ⋅ CLOSED Status

Beautiful and well maintained 4 Unit building in the heart of Waukegan. A great investment building in a great location and very easy to rent as the demand is very high once they become available to rent. As a 4 unit building, Buyer can also purchase it as owner occupied investment. All units are rented. All units have tiles and wood laminated floors. All units have dark cherry color kitchen cabinetry and neutral color walls. Units feature white gas stoves and refrigerators. Unit #1 and #3 have tubs in the full bathrooms, and unit #2 and #4 have showers. Units don't have laundry in unit but there's a laundromat conveniently located right next door. Tenants pay for their units electricity, owner pays for all other utilities. Full basement is being used by the owner as the building's utility room.

613 Washington Street, Waukegan

$140,000

4 Beds ⋅ 2 Baths ⋅ 12494108 MLS ⋅ CLOSED Status

631 8Th Street, 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

$263,097

5 Beds ⋅ 2 Baths ⋅ 12447591 MLS ⋅ CLOSED Status

Multi-family gem in Waukegan's South Sheridan area, this two unit flat featuring 2 bedrooms on the 1st floor and 3 bedrooms on the 2nd floor in a generous lot with detached garage. Features forced-air gas heating, central cooling, and all essential appliances. Live in one unit and rent the other! Generate passive income while maintaining comfortable owner-occupancy. Excellent cash flow potential and strong local demand. Whether you're a seasoned investor or first-time buyer, this property offers a smart path to income and equity. Don't miss it!

512 Powell Avenue, Waukegan

$299,900

6 Beds ⋅ 2 Baths ⋅ 12493371 MLS ⋅ CLOSED Status

Highest and best offers are due for this property by 8pm tonight 10/13. Welcome to 328 South Avenue, an excellent Investment opportunity in sought-after Waukegan! Perfect for the first time homebuyer or for anyone wanting extra passive income! Two-Unit with opportunity to duplex up to the unfinished attic. Property is freshly painted, with new vinyl plank flooring installed throughout. Kitchens features new quartz countertops and new stainless-steel appliances. Basement provides plenty of opportunity for further expansion. There is Parking in the backyard but it is not a pad. Don't miss your opportunity to own this gem! Schedule your showing today!

328 South Avenue, Waukegan

$226,531

5 Beds ⋅ 2 Baths ⋅ 12488730 MLS ⋅ CLOSED Status

Updated 2-unit property featuring a spacious 3-bedroom/1-bath apartment and a 2-bedroom/1-bath apartment, both move-in ready. Perfect for an owner-occupant looking to live in one unit and rent the other, or for an investor seeking steady income. The home offers a 2-car garage, ample driveway parking, a generous backyard, and a full unfinished basement with plenty of potential

714 Helmholz Avenue, Waukegan

$330,000

4 Beds ⋅ 2 Baths ⋅ 12488128 MLS ⋅ CLOSED Status

Well maintained, solid building featuring 2 fully independent units. This is a formal and legally conforming 2 unit. EACH WITH 1,200 SQ. FT. Each unit has 2 bedrooms, 1 bathroom. Kitchen, dining room, and living room.

600 Sunderlin Street, Waukegan

$354,000

8 Beds ⋅ 4 Baths ⋅ 12489658 MLS ⋅ CLOSED Status

Great investment opportunity, four unit newer roof, siding and black top. Located close to College of Lake County, Court House, City Hall, Waukegan Beach and Genesee Theater. Close to public transportation Metra and bus lines.

611 N Genesee Street, Waukegan

$330,000

6 Beds ⋅ 4 Baths ⋅ 12488949 MLS ⋅ CLOSED Status

Fantastic town-house style brick duplex! Both vacant units nearly identical with 3 bedrooms & full bath on 2nd floor. Kitchen, dining, living room, and half bathroom on 1st. 5-6 parking spaces! Duplex is being sold as-is.An excellent rental property! Don't miss out on this unique multi-family unit - schedule a showing today! Both unit rented one unit $1800 2nd unit $1750.

843 Johns Manville Place, Waukegan

$225,000

4 Beds ⋅ 3 Baths ⋅ 12458138 MLS ⋅ CLOSED Status

Discover this spacious 2-unit property offering generous room sizes, a full basement, and endless potential. Each unit provides comfortable living space, while the expansive yard and inviting patio areas add outdoor charm. The detached 2-car garage presents an additional income stream through rental parking. Though the property may need a touch of TLC, its solid bones and layout make it a smart investment for owner-occupants or savvy investors. Don't miss your chance to unlock the possibilities-schedule your showing today!

610 Bluff Street, Waukegan

$236,000

5 Beds ⋅ 3 Baths ⋅ 12452741 MLS ⋅ CLOSED Status

Brick two units with a great income stream whether you rent both units or live in one and rent the other unit. Two entrances to each unit and an extra room (that leads to outside stairs) in the upper unit may be used as a den or office space. The first-floor unit has a sun porch and access to a full basement! Each unit has separate gas and electric meters and 100amp service. The property is conveniently located and just minutes away to Lake Michigan waterfront, beach and the Waukegan Harbor and Marina.

1117 Judge Avenue, Waukegan

$210,000

4 Beds ⋅ 2 Baths ⋅ 12450248 MLS ⋅ CLOSED Status

Both units are very spacious and share a seminar floor plan. Large dining area and living room. The walk-up attic and full basement provide additional space to utilize. Each unit has its own Furnace, Hot water, gas and electric meters. The property backs up to Roosevelt Park green space and just minutes away to Lake Michigan waterfront, beach and the Waukegan Harbor and Marina.

522 George Avenue, Waukegan

$289,000

6 Beds ⋅ 2 Baths ⋅ 12449570 MLS ⋅ ACTIVE Status

EXCELLENT 2-Flat Opportunity! Don't miss this versatile property-perfect for owner-occupants or investors. The building is NOW completely vacant and ready for move in OR rentals! BOTH units have been remodeled! Don't miss this opportunity. Building is being sold as is. NO FHA

706 Martin Luther King Drive, Waukegan

$199,700

4 Beds ⋅ 2 Baths ⋅ 12442608 MLS ⋅ CLOSED Status

Good opportunity here for owner-occupied or investor looking to expand their portfolio. Spacious units here w/2 bedrooms each, formal dining room, large living room. Kitchens have some updates. This property has been well-maintained and has NEWER WINDOWS all around, apx. 7 years; separate utilities with both furnaces newer in the last 2-3 years (and serviced annually!); both hot water heaters also newer last 4-5 years; new roof 2015. Upstairs unit ready for new tenants or owner; 1st floor on a month-to-month tenancy. Decent pricing for any 2 unit these days! Check it out!

419 N Ash Street, 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

$165,000

10 Beds ⋅ 3 Baths ⋅ 12429754 MLS ⋅ CLOSED Status

Great opportunity to build sweat equity in this 3 unit property offering two spacious 4 bedroom, 1 bathroom apartments and what could be finished as a 2 bedroom, 1 bath garden apartment. Ideal for a savvy investor or owner occupant looking to offset their mortgage with rental income. Walking distance to the lake, parks, playgrounds shopping, dining and the Metra.

314 Liberty Street, Waukegan

$210,000

6 Beds ⋅ 1 Baths ⋅ 12426421 MLS ⋅ CLOSED Status

Exceptional Value! 2 unit property in great well maintained. Each unit has three bedrooms, spacious living room, separate dining room and large eat-in kitchen. Owner unit has remodeled kitchen with oak cabinets, b/I dishwasher and disposal. Electric fireplace in living room also. Upstairs tenant is long term and maintains the property. Full basement & 3 car garage. All appliances included. NEW FURNACE NEW HOT WATER HEATER FULL UNFINISHED BASEMENT***2.5 DETACHED GARAGE**SOLD AS IS ONLY

538 May 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

$312,000

5 Beds ⋅ 4 Baths ⋅ 12420047 MLS ⋅ CLOSED Status

Victorian Charm Meets Modern Luxury! Experience the perfect blend of historic charm and modern sophistication in this stunning Victorian 2-flat with wrap around porch. Totally renovated to highlight the home's original beauty, this property boasts refinished original floors, new upgraded kitchens, and baths. The first-floor features 2 spacious bedrooms, 2 modern baths, and ample living space. The second floor with 3 bedrooms and 2 baths, offering plenty of space for family or guests. A huge garage with walk-up attic adds valuable storage and potential for additional workspace or hobby area. This Victorian 2-flat combines historic elegance with modern amenities, perfect for those seeking character and functionality. Cash or conventional only!

518 Franklin Street, Waukegan

$320,000

6 Beds ⋅ 2 Baths ⋅ 12416199 MLS ⋅ CLOSED Status

This beautifully updated 2-unit property offers two spacious 3-bedroom, 1-bathroom apartments-ideal for first-time homebuyers. Enjoy peace of mind with recent renovations including new countertops, modern appliances, and updated flooring throughout. Bright, clean, and move-in ready, this is a smart way to build equity while living comfortably!

515 George 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

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