Waukegan, IL Multifamily Homes & Duplexes for Sale

/31
$250,000
- 4 Beds
- 3 Baths
610 Bluff St, Waukegan, IL 60085

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

Christopher Paul Redfin Corporation

610 Bluff St, Waukegan, IL 60085
Explore Waukegan
/23
$329,900
- 5 Beds
- 2 Baths
815 Prescott St, Waukegan, IL 60085

Investors welcome to your new cash flowing investment property. This corner lot 2 unit property features total of 5 bed and 2 bath with a 2 car garage and 3 car spaces. Unit 1 is a 2 bed 1 bath with newer kitchen and bath (current tenant pays $1500 with the 2 car garage & lease ends 04/2026). Unit 2 is a 3 bed 1 bath with newer kitchen and bath (current tenant pays $1400 & lease ends 05/2026).

Ana Saavedra YUB Realty Inc

815 Prescott St, Waukegan, IL 60085
/39
$278,000
- 6 Beds
- 2 Baths
215 S Park Ave, Waukegan, IL 60085

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

Natalie Masse Movoto Inc

215 S Park Ave, Waukegan, IL 60085
/12
$325,000
- 4 Beds
- 2 Baths
600 Sunderlin St, Waukegan, IL 60085

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.

Oscar Sanchez-Romero Kurman Realty Group

600 Sunderlin St, Waukegan, IL 60085
/11
$310,000
- 4 Beds
- 2 Baths
918 N Ash St, Waukegan, IL 60085

Updated Multi-Family Home. This beautifully 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

Cindy Murawski Century 21 Circle

918 N Ash St, Waukegan, IL 60085
/3
$160,000
- 4 Beds
- 2 Baths
631 8th St, Waukegan, IL 60085

Venny Rivera eXp Realty

631 8th St, Waukegan, IL 60085
/23
$269,900
- 4 Beds
- 4 Baths
Unlisted Address

This two unit has 2 bedrooms in each unit with one bath, Attic and basement have been finished with extra rooms and each has a full bathroom. So, a total of 4 full bathrooms! Some hardwood floors, some Laminate, and Ceramic. Nice fenced yard and detached 2 car garage. Additional parking adjacent to the garage. Very easy to show.

David Ayabarreno RE/MAX Plaza

Unlisted Address

Illinois Lake County Waukegan

Why Live in Waukegan

Waukegan's mile-long municipal beach along Lake Michigan provides year-round waterfront recreation, while the historic Genesee Theatre brings Broadway shows and national acts to the heart of downtown. The 6.5-mile Illinois Beach State Park showcases diverse plant life and pristine shoreline. Downtown Waukegan features local art galleries, monthly ArtWauk events, and distinctive murals celebrating hometown author Ray Bradbury. The 700-slip Waukegan Harbor and Marina serves as a gateway to Lake Michigan boating and fishing. Local dining ranges from authentic Middle Eastern cuisine at Papa Marco's Grill & Kabob to classic Italian treats at Tina's Italian Bake Shop.

The housing market spans multiple price points across distinct neighborhoods. Single-family homes in Bonnie Brook have a median price of $305,000, while Downtown Waukegan's median price is $145,000. Shore Highlands and Fair Oaks Estates feature single-family homes with median prices of $295,000 and $286,000 respectively. The Greens at Midlane North has a median single-family home price of $265,800. One-bedroom condos throughout Waukegan have a median price of $85,000, while two-bedroom condos have a median price of $225,000.

Property taxes in Lake County stand at 2.68%, with Illinois state income tax at 4.95%. The combined sales tax rate is 8.89%. Commuters benefit from Metra's Union Pacific North Line to Chicago and access to Interstate 94. Top-rated schools include Libertyville High School and St. Patrick School. The Great Lakes Naval Training Center maintains a significant presence in the community.

Learn more about living in Waukegan

Home Trends in Waukegan, IL

On average, homes in Waukegan, IL sell after 20 days on the market compared to the national average of 53 days. The median sale price for homes in Waukegan, IL over the last 12 months is $234,000, up 6% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$234,000

Median Single Family Sale Price

$237,450

Median Townhouse Sale Price

$235,000

Median 2 Bedroom Sale Price

$227,000

Median 1 Bedroom Sale Price

$85,000

Average Price Per Sq Ft

$183

Number of Homes for Sale

Last 12 months Home Sales

247

Months of Supply

1.30

Median List Price

$235,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

Popular Home Searches in Waukegan, IL

Located along Lake Michigan, Waukegan offers suburban housing with access to waterfront amenities and historic homes.

Drawn to the lake? Search waterfront homes or those near the marina with a boat dock.
Prefer traditional layouts? Explore homes with front porches and garages in neighborhoods like Bowen Park.
Want extra space? Browse homes with large backyards or those that include a home office.
Need convenience? Look into single-story homes or homes with air conditioning throughout the area.
Low-upkeep living? Consider condos or townhomes near the train station or Washington Street corridor.

How to Buy a Home How to Finance a Home How to Sell a Home

In Waukegan, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $160,000 to $329,900, there's a range to accomodate every budget. As of November, 2025 the median home price in Waukegan is $235,000, while the average sale price is $238,200, offering insights into the local housing market. On average, multi-family homes spend 20 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Waukegan, IL.

Waukegan Types of Homes for Sale

Waukegan Homes by Price

More About Living in Waukegan

Homes in Nearby Neighborhoods

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Homes in Nearby Counties

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