1425 10th Street, Waukegan, IL 60085

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 $519,000

  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • Sq.Ft.
  • Commercial Sale
  • Active
  • MLS# 12624199
  • Floor Plan
  • Sold On
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Solid 5-unit investment property with all units currently occupied and producing consistent income. The building brings in $5,700/month ($5,425 in rents + $275 from laundry) with a current NOI of $44,250. Rents are below market, giving the next owner a clear opportunity to increase cash flow over time without needing a heavy lift. Major updates already taken care of, including a new roof and a boiler and water heater both under 10 years old, helping limit near-term capital expenses. This is a strong option for an investor looking for a stable, already-performing property with upside still left in it. On-site laundry adds an additional income stream, and the property is straightforward to manage in its current condition. Whether you plan to hold long-term or gradually raise rents and improve returns, there's room to execute your strategy here. Rent roll and financials available in documents.

Property Details 1425 10th Street, Waukegan, IL, 60085

  • On Market Date: 04/22/2026
  • Year Built: 1935
  • MLS#: 12624199
  • Type: Commercial Sale
  • Status: Active
  • Lot Size: 30,702
  • Price: $519,000
  • City: Waukegan
  • State: IL
  • Zip: 60085
  • County: Lake
  • Development: NO
  • Date Last Updated: 04/26/2026
  • Basement: NO
  • Pool: NO

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