Active

$300,000

45 Mcaree

Waukegan, IL 60085

8
Bedrooms
5
Bathrooms
Sq Ft
1965
Year Built

About This Property

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.

MLS# MRD12538839Listed 1/17/2026Residential Income

Property Details

Interior Features

Stories
Cooling
HeatingBaseboard
Garage SpacesYes

Location & Exterior

CountyLake
Subdivision
Lot Size

School Information

Elementary
Whittier Early Childhood Ctr
Middle School
Robert E Abbott Middle School
High School
Waukegan High School

Property Location

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Property Summary

Price
$300,000
Location
Waukegan, IL
Property Type
Residential Income

Listing Courtesy of MRED as distributed by MLS Grid
@properties Christie's International Real Estate