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.
Pending
$300,000
45 N McAree Rd, Waukegan, IL 60085
8beds
--sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Flexible layoutsTwo separate duplex units
- 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#: 12538839
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Pending sale | $300,000 |
Source: | ||
| 1/17/2026 | Listed for sale | $300,000+122.2% |
Source: | ||
| 11/19/2019 | Listing removed | $1,600 |
Source: Zillow Rental Manager Report a problem | ||
| 11/13/2019 | Listed for rent | $1,600 |
Source: Zillow Rental Manager Report a problem | ||
| 1/15/2015 | Sold | $135,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 3/10Whittier Elementary SchoolGrades: K-5Distance: 1 mi
- 2/10Robert E Abbott Middle SchoolGrades: 6-8Distance: 0.9 mi
- 1/10Waukegan High SchoolGrades: 9-12Distance: 1.1 mi
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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