Active
1425 10th Street
Waukegan, IL 60085
$519,000
0beds
0baths
—sqft
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1935
Lot size—
Annual tax$8,274
CountyLake
MLS #MRD12624199
Days on market2
Listed by
4 Sale Realty Advantage LLC
Brandon Aranda · 224-715-5655
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/23/2026, 7:56:03 PM. All data should be independently verified.
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