45 N Mcaree Road Waukegan, IL $ 300,000
45 N Mcaree Road
$ 300,000
Recently Listed
Open House 1/17 2pm - 4pm
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45 N Mcaree Road

Waukegan, IL, 60085
$ 300,000
Bedrooms8 Baths5.0

Monthly Estimate*

$ 1,847

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Multi-Family Home for sale in Waukegan, IL

for $300,000 with 8 bedrooms and 5 full baths. This home was built in 1965.

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.

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Open House

1/17/2026 2:00 PM - 4:00 PM
45 N Mcaree Road Waukegan, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 300,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 8,136

Style

Prairie,Contemporary

Year Built

1965

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12538839

Features
General
Sewer Public Sewer
Heating Baseboard
Possession Closing
Architectural Style Prairie Contemporary
Construction Materials Brick
Year Built 1965
Township Waukegan
Tax Year 2024
Ownership Fee Simple
County Lake
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 20
Status New
Directions From IL-132 (Grand Ave) east toward Waukegan. Continue to McAree Road then turn left (north). Proceed north to 45 N McAree Rd. Property will be on the east side of the street.
High School Waukegan High School
City Waukegan
High School District 60
MLS Area Park City / Waukegan
Elementary School Whittier Early Childhood Ctr
Tax Annual Amount 8136
Middle/Junior High School Robert E Abbott Middle School
Standard Status Active
Middle/Junior School District 60
Elementary School District 60
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Interior
Basement Finished Rec/Family Area Sleeping Area Walk-Out Access
Total Bedrooms 8
Total Baths 5
Bedrooms Possible 8
Full Baths Building 5
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes
Water Source Public
Total Parking 5
Lot Dimensions 95X22X15X55X18X41X105X37
Waterfront Y/N N
Other Equipment Ceiling Fan(s)
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* Excluded Features
List By
Re/Max Sawa

Broker

mhafeezh@gmail.com; hafeez.haroon@remax.net

Email

Affordability Calculator

$2,525
Per Month
73%
27%
0%
Monthly Principal & Interest
$1,847
Monthly Property Taxes
$678
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5254050 Elementary School
4588573 Middle School
Waukegan High School High School
Pricing History
DatePricePrice ChangeDescription
1/17/2026$300,000 Listed Price

Map


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45 N Mcaree Road, Waukegan, IL, 60085 is a Multi-Family Home for sale at $300,000. 45 N Mcaree Road has 8 bedrooms, 5.0 baths, and was built in 1965. The property's zip code is 60085 which is in Waukegan, IL