Sold
Address
45 N Mcaree Road, Waukegan, IL
Price
$ 333,000
Property Attributes
- MLS#12538839
- TypeMulti-Family
- Listing Status Closed
- CountyLAKE
- CityWaukegan
- AreaPark City - Waukegan
- Zip60085
- StylePrairie,Contemporary
- Year Built1965
- Taxes$ 8136
- Price$ 333,000
- Bedrooms8
- Full Bathrooms5
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
| Price History |
|---|
General Features
| New Construction | No |
|---|---|
| Year Built | 1965 |
| Elementary School | Whittier Early Childhood Ctr |
| High School | Waukegan High School |
| Middle/Junior High School | Robert E Abbott Middle School |
| Township | Waukegan |
| Elementary School District | 60 |
| Architectural Style | Prairie,Contemporary |
| County | Lake |
| Property Type | Residential Income |
| Middle/Junior School District | 60 |
| Sewer | Public Sewer |
| Total Rooms | 20 |
| Standard Status | Closed |
| City | Waukegan |
| Status | Closed |
| Close Price | 333000 |
| Possession | Closing |
| Tax Annual Amount | 8136 |
| Tax Year | 2024 |
| Heating | Baseboard |
| Construction Materials | Brick |
| Property Type | Two to Four Units |
| 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. |
| MLS Area | Park City / Waukegan |
| Ownership | Fee Simple |
| High School District | 60 |
Interior Features
| Total Bedrooms | 8 |
|---|---|
| Bedrooms Possible | 8 |
| Total Baths | 5 |
| Basement | Finished,Rec/Family Area,Sleeping Area,Walk-Out Access |
| Full Baths Building | 5 |
| Total Number of Units | 2 |
Exterior Features
| Other Equipment | Ceiling Fan(s) |
|---|---|
| Street Suffix | Road |
| BuyerOfficeFax | (224) 235-4337 |
| Street Name | Mcaree |
| Lot Dimensions | 95X22X15X55X18X41X105X37 |
| ModificationTimestamp | 2026-02-28T04:34:07.651Z |
| Parking Features | Yes |
| Days on Market | 6 |
| Total Parking | 5 |
| Waterfront Y/N | No |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than REMAX SAWA may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 19, 2026 7:27 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 19, 2026 7:27 PM UTC
