Real Estate Investment Properties for Sale in Waukegan, IL

Looking for investment property in Waukegan, IL with high ROI ?

Explore a variety of short-term homes & houses in Waukegan, IL. Invest wisely with VRBO & Waukegan, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Waukegan, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1802 11TH Street WAUKEGAN, IL Spacious Raised Ranch recently updated, this Property has 4 bedrooms, 2 bathrooms, quartz ...	4 beds \| 2 baths \| 1,800 sq.ft.	$345,000	Airbnb cash on cash: 7.34% Traditional cash on cash: 3.38% Airbnb Rental Income: $4163 Traditional Rental Income: $1997 Airbnb ROI: 7.34% Traditional ROI: 3.38%
1914 IRVING Parkway WAUKEGAN, IL You won't want to miss this beautiful raised ranch, on one of the most beautiful lots in W...	4 beds \| 2 baths \| 1,504 sq.ft.	$300,000	Airbnb cash on cash: 8.51% Traditional cash on cash: 5.64% Airbnb Rental Income: $4163 Traditional Rental Income: $2469 Airbnb ROI: 8.51% Traditional ROI: 5.64%
1117 N Sheridan Road WAUKEGAN, IL Welcome to 1117 N. Sheridan road! Rare opportunity to own this stunning two story 3bdrm/1....	3 beds \| 2 baths \| 2,870 sq.ft.	$474,900	Airbnb cash on cash: 2.9% Traditional cash on cash: 3.53% Airbnb Rental Income: $3275 Traditional Rental Income: $2819 Airbnb ROI: 2.9% Traditional ROI: 3.53%
2324 S BONNIE BROOK LANE WAUKEGAN, IL Invest with success and buy through Auction.com. This bank-owned investment property is a ...	3 beds \| 3 baths \| 2,739 sq.ft.	$421,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 4.37% Airbnb Rental Income: $3275 Traditional Rental Income: $3130 Airbnb ROI: 2.88% Traditional ROI: 4.37%
2613 N Lewis Avenue WAUKEGAN, IL New, New, New - not a thing to do! Except move in, of course! Step into this beautifully u...	3 beds \| 2 baths \| 1,728 sq.ft.	$230,000	Airbnb cash on cash: 8.07% Traditional cash on cash: 7.32% Airbnb Rental Income: $3275 Traditional Rental Income: $2378 Airbnb ROI: 8.07% Traditional ROI: 7.32%
1226 Tobin Court WAUKEGAN, IL Welcome home to this beautifully updated duplex. As you step into the living room you wil...	4 beds \| 2 baths \| 1,280 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.32% Airbnb Rental Income: $null Traditional Rental Income: $1838 Airbnb ROI: N/A Traditional ROI: 6.32%
724 Yeoman Street WAUKEGAN, IL 40 x 137 lot	2 beds \| 1 baths \| 974 sq.ft.	$189,900	Airbnb cash on cash: 8.28% Traditional cash on cash: 7.28% Airbnb Rental Income: $2744 Traditional Rental Income: $1916 Airbnb ROI: 8.28% Traditional ROI: 7.28%
104 Birch Avenue WAUKEGAN, IL Welcome to your serene sanctuary in the heart of Buckley Hills Neighborhood. Tucked away i...	3 beds \| 1 baths \| 1,872 sq.ft.	$259,900	Airbnb cash on cash: 7.71% Traditional cash on cash: 3.93% Airbnb Rental Income: $3275 Traditional Rental Income: $1613 Airbnb ROI: 7.71% Traditional ROI: 3.93%
614 N County Street WAUKEGAN, IL Charming 5 bedroom 2 bath ranch nestled in a private location on a .33 acre lot. Huge livi...	2 beds \| 2 baths \| 1,380 sq.ft.	$189,888	Airbnb cash on cash: 7% Traditional cash on cash: 6.2% Airbnb Rental Income: $2744 Traditional Rental Income: $1953 Airbnb ROI: 7% Traditional ROI: 6.2%
2832 Sunset Avenue WAUKEGAN, IL Stunning Ranch with 3 Bedrooms and 1 full bathroom, Hardwood floors thru-out Living Room &...	3 beds \| 1 baths \| 1,536 sq.ft.	$220,000	Airbnb cash on cash: 9.03% Traditional cash on cash: 5.41% Airbnb Rental Income: $3275 Traditional Rental Income: $1786 Airbnb ROI: 9.03% Traditional ROI: 5.41%
1510 HENRY Place WAUKEGAN, IL This beautifully remodeled two-bedroom, one-and-a-half-bath home is nestled in a serene an...	2 beds \| 2 baths \| 1,200 sq.ft.	$244,900	Airbnb cash on cash: 6.18% Traditional cash on cash: 5.35% Airbnb Rental Income: $2744 Traditional Rental Income: $1906 Airbnb ROI: 6.18% Traditional ROI: 5.35%
702 Franklin Street WAUKEGAN, IL Nestled on a spacious corner lot, this Grand Victorian home. The interior and exterior hav...	4 beds \| 2 baths \| 2,614 sq.ft.	$340,000	Airbnb cash on cash: 7.51% Traditional cash on cash: 5.17% Airbnb Rental Income: $4163 Traditional Rental Income: $2532 Airbnb ROI: 7.51% Traditional ROI: 5.17%
709 N County Street WAUKEGAN, IL Welcome home to Waukegan's Near North Historic District, situated near all that the city h...	3 beds \| 2 baths \| 1,600 sq.ft.	$289,900	Airbnb cash on cash: 5.92% Traditional cash on cash: 5.16% Airbnb Rental Income: $3275 Traditional Rental Income: $2335 Airbnb ROI: 5.92% Traditional ROI: 5.16%
640 Lenox Avenue WAUKEGAN, IL Come take a look at this recently redone property, offering a bright and inviting open flo...	3 beds \| 2 baths \| 1,344 sq.ft.	$249,900	Airbnb cash on cash: 7.64% Traditional cash on cash: 6.19% Airbnb Rental Income: $3275 Traditional Rental Income: $2198 Airbnb ROI: 7.64% Traditional ROI: 6.19%
2105 N GROVE Avenue WAUKEGAN, IL	3 beds \| 1 baths \| 1,100 sq.ft.	$214,900	Airbnb cash on cash: 9.41% Traditional cash on cash: 6.18% Airbnb Rental Income: $3275 Traditional Rental Income: $1881 Airbnb ROI: 9.41% Traditional ROI: 6.18%
2140 Kellogg Avenue WAUKEGAN, IL HERE IT IS! MUST SEE 3 BEDROOM RANCH 1 FULL BATH UP, 1 FULL BATH IN THE BASEMENT. ATTACHED...	4 beds \| 3 baths \| 1,564 sq.ft.	$325,000	Airbnb cash on cash: 7.3% Traditional cash on cash: 5.58% Airbnb Rental Income: $4163 Traditional Rental Income: $2753 Airbnb ROI: 7.3% Traditional ROI: 5.58%
108 S Fulton Avenue WAUKEGAN, IL CHARMING 4 BEDROOM 2 1/2 BATH HOME WITH FULL PARTIALLY FINISHED BASEMENT, FENCED YARD AND ...	4 beds \| 3 baths \| 1,365 sq.ft.	$299,000	Airbnb cash on cash: 8.71% Traditional cash on cash: 6.25% Airbnb Rental Income: $4163 Traditional Rental Income: $2588 Airbnb ROI: 8.71% Traditional ROI: 6.25%
434 Westmoreland Avenue WAUKEGAN, IL Welcome to this charming and well-maintained 3-bedroom, 1-bathroom home, ideally located i...	3 beds \| 1 baths \| 1,255 sq.ft.	$215,000	Airbnb cash on cash: 9.22% Traditional cash on cash: 6.61% Airbnb Rental Income: $3275 Traditional Rental Income: $2008 Airbnb ROI: 9.22% Traditional ROI: 6.61%
566 S Elmwood Avenue S WAUKEGAN, IL Exceptional starter home in great location, near shopping and transportation. Good size ex...	3 beds \| 1 baths \| 1,044 sq.ft.	$224,900	Airbnb cash on cash: 8.78% Traditional cash on cash: 6.1% Airbnb Rental Income: $3275 Traditional Rental Income: $1968 Airbnb ROI: 8.78% Traditional ROI: 6.1%
2012 N Poplar Street WAUKEGAN, IL Don't miss out on this opportunity!! Welcome to 2012 N Poplar St, a charming, very well ta...	3 beds \| 2 baths \| 1,152 sq.ft.	$259,000	Airbnb cash on cash: 6.67% Traditional cash on cash: 5.61% Airbnb Rental Income: $3275 Traditional Rental Income: $2282 Airbnb ROI: 6.67% Traditional ROI: 5.61%
756 Golf Road WAUKEGAN, IL Well maintained 2 bdrm/1bath Ranch home on North side of Waukegan. Gleaming Oak hardwood f...	2 beds \| 1 baths \| 850 sq.ft.	$184,000	Airbnb cash on cash: 9.04% Traditional cash on cash: 6.91% Airbnb Rental Income: $2744 Traditional Rental Income: $1726 Airbnb ROI: 9.04% Traditional ROI: 6.91%
416 Ravine Avenue WAUKEGAN, IL Charming single-family home with three comfortable bedrooms, 3 baths. Full finished baseme...	3 beds \| 3 baths \| 1,272 sq.ft.	$219,900	Airbnb cash on cash: 8.79% Traditional cash on cash: 8.13% Airbnb Rental Income: $3275 Traditional Rental Income: $2404 Airbnb ROI: 8.79% Traditional ROI: 8.13%

Real Estate investment in Waukegan, IL

There are 39 properties for sale in the city of Waukegan . The median list price in Waukegan is $227,500 and the average price per square foot is $149. In December 2024, the average monthly cash on cash return in Waukegan is 7.00%. The average monthly rental income in Waukegan is $2,245.

Waukegan, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 39 investment properties available for sale in Waukegan.

In 2024, the best neighborhood to buy investment property is WAUKEGAN.

The ROI for Short-Term is higher than the Long-Term in Waukegan with average rental income of $3,275.

Your search for investment property begins and ends here

Investment Property for Sale in Waukegan, IL

1802 11TH Street

WAUKEGAN, IL

4 beds | 2 baths | 1,800 sq.ft.

$345,000

Airbnb cash on cash: 7.34%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $4163

Traditional Rental Income: $1997

Airbnb ROI: 7.34%

Traditional ROI: 3.38%

1914 IRVING Parkway

WAUKEGAN, IL

4 beds | 2 baths | 1,504 sq.ft.

$300,000

Airbnb cash on cash: 8.51%

Traditional cash on cash: 5.64%

Airbnb Rental Income: $4163

Traditional Rental Income: $2469

Airbnb ROI: 8.51%

Traditional ROI: 5.64%

1117 N Sheridan Road

WAUKEGAN, IL

3 beds | 2 baths | 2,870 sq.ft.

$474,900

Airbnb cash on cash: 2.9%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $3275

Traditional Rental Income: $2819

Airbnb ROI: 2.9%

Traditional ROI: 3.53%

2324 S BONNIE BROOK LANE

WAUKEGAN, IL

3 beds | 3 baths | 2,739 sq.ft.

$421,000

Airbnb cash on cash: 2.88%

Traditional cash on cash: 4.37%

Airbnb Rental Income: $3275

Traditional Rental Income: $3130

Airbnb ROI: 2.88%

Traditional ROI: 4.37%

2613 N Lewis Avenue

WAUKEGAN, IL

3 beds | 2 baths | 1,728 sq.ft.

$230,000

Airbnb cash on cash: 8.07%

Traditional cash on cash: 7.32%

Airbnb Rental Income: $3275

Traditional Rental Income: $2378

Airbnb ROI: 8.07%

Traditional ROI: 7.32%

1226 Tobin Court

WAUKEGAN, IL

4 beds | 2 baths | 1,280 sq.ft.

$215,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.32%

Airbnb Rental Income: $null

Traditional Rental Income: $1838

Airbnb ROI: N/A

Traditional ROI: 6.32%

724 Yeoman Street

WAUKEGAN, IL

2 beds | 1 baths | 974 sq.ft.

$189,900

Airbnb cash on cash: 8.28%

Traditional cash on cash: 7.28%

Airbnb Rental Income: $2744

Traditional Rental Income: $1916

Airbnb ROI: 8.28%

Traditional ROI: 7.28%

104 Birch Avenue

WAUKEGAN, IL

3 beds | 1 baths | 1,872 sq.ft.

$259,900

Airbnb cash on cash: 7.71%

Traditional cash on cash: 3.93%

Airbnb Rental Income: $3275

Traditional Rental Income: $1613

Airbnb ROI: 7.71%