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Pending
  • $300,000

    45 N McAree Rd, Waukegan, IL 60085

    8beds
    --sqft
    : 
    Multi Family
    Built in 1965
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Flexible layoutsTwo separate duplex units
    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.
    34 days
    |
    577
    |
    24
    |

    Likely to sell faster than

    Zillow last checked: 8 hours ago

    Listing updated: January 23, 2026 at 08:44am

    Listing courtesy of:

    Hafeez Haroon, ABR,e-PRO,PSA 877-312-7292,

    RE/MAX SAWA

    Source: MRED as distributed by MLS GRID,MLS#: 12538839MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Baseboard
    Features
    • Basement: Finished,Rec/Family Area,Sleeping Area,Walk-Out Access

    Property

    Parking
    • Total spaces: 5
    • Parking features: Yes
    Lot
    • Dimensions: 95X22X15X55X18X41X105X37
    Details
    • Parcel number: 08203010170000
    • Special conditions: None
    • Other equipment: Ceiling Fan(s)

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Prairie,Contemporary
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1965

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Waukegan

    Financial & listing details

    • Tax assessed value: $249,586
    • Annual tax amount: $8,136
    • Date on market: 1/17/2026
    • Ownership: Fee Simple
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    1/23/2026Pending sale$300,000
    Source: MRED as distributed by MLS GRID #12538839 Report a problem
    1/17/2026Listed for sale$300,000+122.2%
    Source: MRED as distributed by MLS GRID #12538839 Report a problem
    11/19/2019Listing removed$1,600
    Source: Zillow Rental Manager Report a problem
    11/13/2019Listed for rent$1,600
    Source: Zillow Rental Manager Report a problem
    1/15/2015Sold$135,000
    Source: MRED as distributed by MLS GRID #08607201 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2023$7,844 -1.9%$93,759 +12.7%
    2022$7,999 -6.9%$83,187 +1.7%
    2021$8,594 -1.3%$81,826 +6.6%
    2020$8,705 -0.6%$76,792 +9.1%
    2019$8,761 +18.9%$70,368 +20.2%
    2018$7,366 $58,533 +13%
    2017$7,366 +11.8%$51,786 +3%
    2016$6,587 +18.5%$50,275 +10.8%
    2015$5,559 -1.3%$45,373 +16.8%
    2014$5,632 +1.1%$38,831 -7.7%
    2012$5,572 -5.7%$42,068 -34.1%
    2011$5,912 -13.4%$63,819 -4.2%
    2010$6,823 +16.2%$66,601 -17.6%
    2009$5,874 -16.8%$80,804 -3.8%
    2008$7,061 +6.9%$84,027 +8.4%
    2006$6,606 +4.5%$77,524
    2005$6,321 +3.8%--
    2004$6,092 +0.1%--
    2003$6,087 +5.8%--
    2002$5,754 +11%--
    2001$5,182 +13.3%$61,664 +3.4%
    2000$4,573 $59,645

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $2,041/mo
    Principal & interest
    $1391
    Property taxes
    $650

      Climate risks

      Neighborhood: 60085

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Whittier Early Childhood Ctr
      • Middle: Robert E Abbott Middle School
      • High: Waukegan High School
      • District: 60

      Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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