Waukegan, IL Multifamily Homes & Duplexes for Sale

/2
$239,000
- 2 Beds
- 2 Baths
822 S Martin Luther King Junior Ave, Waukegan, IL 60085

This large Gem just needs a little TLC it has a Frunchroom for an office or your plants and or etc. hardwood flooring through out the units roof 15yrs hvac 15yrs plenty of parking off and on street parking for guest also surrounded by schools,churches,and parks a convenient spot for families and community activities

Regina Stewart

House of Real Estate

(224) 505-4650

822 S Martin Luther King Junior Ave, Waukegan, IL 60085
/46
$290,000
- 7 Beds
- 3 Baths
1243 Jackson St, North Chicago, IL 60064

Don't miss this move-in-ready two-unit building on a massive 11,250 sq ft lot in North Chicago. The first-floor unit features 3 spacious bedrooms and 1 full bath, while the second-floor unit is a large 4-bedroom, 2-bath duplex that extends into the finished attic, offering tons of living space. Both units have passed all inspections and are fully cleared by the Town of North Chicago for occupancy

Elena Pichardo

Realty of America, LLC

(224) 496-6089

1243 Jackson St, North Chicago, IL 60064
/36
$365,000
- 6 Beds
- 4 Baths
2408 Western Ave, Waukegan, IL 60087

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

Eliana Leiva RE/MAX Top Performers

2408 Western Ave, Waukegan, IL 60087
/19
$362,000
- 7 Beds
- 2 Baths
123 Philippa Ave, Waukegan, IL 60085

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

Katie Orsini Baird & Warner

123 Philippa Ave, Waukegan, IL 60085
/7
$250,000
- 4 Beds
- 2 Baths
28 S Fulton Ave, Waukegan, IL 60085

Great income property. This occupied 2 unit has long time tenants that would like to stay! Main floor is 2 bedrooms with a huge dining room for entertaining. Full unfinished basement. Upstairs is 2 bedrooms, eat in kitchen, sitting area and baseboard electric heat.

Michelle Battisfore Cornerstone Realty Group, LLC

28 S Fulton Ave, Waukegan, IL 60085
/32
$1,800,000
- 18,252 Sq Ft
2116 & 2101 Williamsburg Dr, Waukegan, IL 60085

This exceptional 12-unit investment opportunity consists of two 6-unit buildings each with five 2 bedroom, 1 bathroom units, and one 1 bedroom 1 bathroom unit, located directly across the street from each other, allowing for easy management and tenant access. Each building has been renovated, featuring updated flooring, electrical, paint, modern cabinets, and newer appliances, making these units

Toynoia Briggity eXp Realty, LLC - Chicago North Ave

2116 & 2101 Williamsburg Dr, Waukegan, IL 60085

Illinois Waukegan

About Waukegan

Waukegan sits between Chicago and Milwaukee along Lake Michigan and has over 89,000 residents. Starting in the mid-19th century, it became an industrial hub and stayed that way for over 100 years. During its industrial prime, Waukegan Harbor was busy with ships bringing in goods. Today, that industrial past is gone, and Waukegan is beginning to redefine itself. New mixed-use developments, including neighborhoods by the water and recreational space, are replacing the smokestacks on the lakefront. “The downtown area has improved over the past few ...

Learn more about living in Waukegan

Home Trends in Waukegan, IL

On average, homes in Waukegan, IL sell after 23 days on the market compared to the national average of 47 days. The average sale price for homes in Waukegan, IL over the last 12 months is $256,851, up 5% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)

$230,000

Median Single Family Price

$232,500

Median Townhouse Price

$266,750

Median 2 Bedroom Price

$226,000

Median 1 Bedroom Price

$85,000

Average Price Per Sq Ft

$178

Number of Homes for Sale

Last 12 months Home Sales

498

Months of Supply

0.90

Median List Price

$229,900

Median Discount From 1st List Price

Median Home Sale Price YoY Change

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

In Waukegan, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $239,000 to $1,800,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Waukegan is $229,900, while the average sale price is $256,851, offering insights into the local housing market. On average, multi-family homes spend 23 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

More About Living in Waukegan

Multi-Family Homes in Nearby Neighborhoods

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Multi-Family Homes in Nearby Counties

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