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
Price:
$519,000
MLS #:
MRD12624199
Status:
Active Under Contract
Beds:
8
Baths:
5
Type:
Commercial
Neighborhood:
parkcitywaukegan
Listed Date:
Apr 22, 2026
Year Built:
1935
See this Listing
Schools
Interior
Exterior
Stories
2
Financial
Maintenance Fee
$5,000
Tax Year
2025
Taxes
$8,274
Map
Community
- Address1425 10th Street Waukegan IL
- CityWaukegan
- CountyLake
- Zip Code60085
Market Summary
Current real estate data for Commercial in Waukegan as of Jun 17, 2026
24
Commercial Listed
168
Avg DOM
$847,694
Avg List Price
Property Summary
- 1425 10th Street Waukegan IL is a Commercial for sale in Waukegan, IL, 60085. It is listed for $519,000
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Copyright 2026. All rights reserved.
1425 10th Street
Waukegan, IL


