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$300,000

Est. payment - /mo

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8 Beds

5 Baths

Open 1/17 2PM-4PM

45 N Mcaree RD Waukegan, IL 60085

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

Open House

Sat Jan 17, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12538839

Style Prairie,Contemporary

Bedrooms 8

Year Built 1965

Annual Tax Amount $8,136

Tax Year 2024

Lot Dimensions 95X22X15X55X18X41X105X37

Property Sub-Type Two to Four Units

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.

Location

State IL

County Lake

Area Park City / Waukegan

Rooms

Basement Finished, Rec/Family Area, Sleeping Area, Walk-Out Access

Interior

Heating Baseboard

Equipment Ceiling Fan(s)

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Whittier Early Childhood Ctr

Middle Schools Robert E Abbott Middle School

High Schools Waukegan High School

School District 60 , 60, 60

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Muhammad Haroon of RE/MAX SAWA

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106