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
1914 IRVING Parkway WAUKEGAN, IL Beautiful Raised ranch, featuring 4 Bedrooms, 2 full bathrooms, refinished hardwood floor...	4 beds \| 2 baths \| 1,504 sq.ft.	$295,000	Airbnb cash on cash: 8.67% Traditional cash on cash: 5.75% Airbnb Rental Income: $4163 Traditional Rental Income: $2469 Airbnb ROI: 8.67% Traditional ROI: 5.75%
2718 Sunset Avenue WAUKEGAN, IL Outstanding Buy!! This move-in ready ranch is perfect for those looking for starter home o...	2 beds \| 2 baths \| 800 sq.ft.	$189,900	Airbnb cash on cash: 7.81% Traditional cash on cash: 7.06% Airbnb Rental Income: $2744 Traditional Rental Income: $1962 Airbnb ROI: 7.81% Traditional ROI: 7.06%
418 N Jackson Street WAUKEGAN, IL Move-in-ready 3 bedrooms & 2 bathrooms with 1200 square feet of living space. 2 beds & ful...	2 beds \| 2 baths \| 811 sq.ft.	$207,500	Airbnb cash on cash: 8.11% Traditional cash on cash: 7.81% Airbnb Rental Income: $2744 Traditional Rental Income: $2039 Airbnb ROI: 8.11% Traditional ROI: 7.81%
611 N Jackson Street WAUKEGAN, IL Great income builder, two-unit property! First floor unit is tenant occupied and having ac...	3 beds \| N/A baths \| N/A	$235,000	Airbnb cash on cash: 8.23% Traditional cash on cash: 6.5% Airbnb Rental Income: $3275 Traditional Rental Income: $2155 Airbnb ROI: 8.23% Traditional ROI: 6.5%
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%
1331 N Sheridan Road WAUKEGAN, IL This beautifully updated 2 Bed, 2 Bath, move-in-ready home on picturesque Sheridan Road of...	2 beds \| 2 baths \| 1,056 sq.ft.	$279,900	Airbnb cash on cash: 4.83% Traditional cash on cash: 5.51% Airbnb Rental Income: $2744 Traditional Rental Income: $2276 Airbnb ROI: 4.83% Traditional ROI: 5.51%
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.	$240,000	Airbnb cash on cash: 7.7% Traditional cash on cash: 6.98% Airbnb Rental Income: $3275 Traditional Rental Income: $2378 Airbnb ROI: 7.7% Traditional ROI: 6.98%
1708 North Avenue WAUKEGAN, IL BACK ON THE MARKET WITH UPDATES! Fresh paint! Newly renovated bathroom! Come check it out!...	2 beds \| 1 baths \| 837 sq.ft.	$175,000	Airbnb cash on cash: 8.87% Traditional cash on cash: 6.58% Airbnb Rental Income: $2744 Traditional Rental Income: $1717 Airbnb ROI: 8.87% Traditional ROI: 6.58%
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%
100 Sheridan Court WAUKEGAN, IL Welcome to this beautifully updated 3-bedroom, 3.5-bathroom ranch home nestled on over 2 a...	3 beds \| 4 baths \| 3,104 sq.ft.	$350,000	Airbnb cash on cash: 5.02% Traditional cash on cash: 7.99% Airbnb Rental Income: $3275 Traditional Rental Income: $3516 Airbnb ROI: 5.02% Traditional ROI: 7.99%
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.	$225,000	Airbnb cash on cash: 8.81% Traditional cash on cash: 5.27% Airbnb Rental Income: $3275 Traditional Rental Income: $1786 Airbnb ROI: 8.81% Traditional ROI: 5.27%
252 STANLEY Avenue WAUKEGAN, IL All brick & stone Northside heritage home, fenced backyard, bright rear enclosed porch fam...	3 beds \| 2 baths \| 1,244 sq.ft.	$275,900	Airbnb cash on cash: 6.59% Traditional cash on cash: 5.45% Airbnb Rental Income: $3275 Traditional Rental Income: $2244 Airbnb ROI: 6.59% Traditional ROI: 5.45%
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%
1703 N JACKSON Street WAUKEGAN, IL Charming classic brick 2-Story home with timeless appeal! This beautiful property features...	3 beds \| 3 baths \| 1,805 sq.ft.	$225,000	Airbnb cash on cash: 7.7% Traditional cash on cash: 8.03% Airbnb Rental Income: $3275 Traditional Rental Income: $2610 Airbnb ROI: 7.7% Traditional ROI: 8.03%
2005 9th Parkway WAUKEGAN, IL Welcome to this charming ranch-style home, offering a perfect blend of comfort and modern ...	2 beds \| 2 baths \| 912 sq.ft.	$197,000	Airbnb cash on cash: 8.42% Traditional cash on cash: 8.56% Airbnb Rental Income: $2744 Traditional Rental Income: $2123 Airbnb ROI: 8.42% Traditional ROI: 8.56%
709 N County Street WAUKEGAN, IL Sunny yellow 2 story Victorian/Colonial style house built in 1904 is situated in the heart...	3 beds \| 2 baths \| 1,600 sq.ft.	$295,000	Airbnb cash on cash: 5.8% Traditional cash on cash: 5.06% Airbnb Rental Income: $3275 Traditional Rental Income: $2335 Airbnb ROI: 5.8% Traditional ROI: 5.06%
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.	$259,900	Airbnb cash on cash: 7.56% Traditional cash on cash: 6.16% Airbnb Rental Income: $3275 Traditional Rental Income: $2198 Airbnb ROI: 7.56% Traditional ROI: 6.16%
2105 N GROVE Avenue WAUKEGAN, IL	3 beds \| 1 baths \| 1,100 sq.ft.	$224,900	Airbnb cash on cash: 8.96% Traditional cash on cash: 5.86% Airbnb Rental Income: $3275 Traditional Rental Income: $1881 Airbnb ROI: 8.96% Traditional ROI: 5.86%

Real Estate investment in Waukegan, IL

There are 43 properties for sale in the city of Waukegan . The median list price in Waukegan is $225,000 and the average price per square foot is $148. In November 2024, the average monthly cash on cash return in Waukegan is 7.00%. The average monthly rental income in Waukegan is $2,240.

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

There are 43 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

1914 IRVING Parkway

WAUKEGAN, IL

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

$295,000

Airbnb cash on cash: 8.67%

Traditional cash on cash: 5.75%

Airbnb Rental Income: $4163

Traditional Rental Income: $2469

Airbnb ROI: 8.67%

Traditional ROI: 5.75%

2718 Sunset Avenue

WAUKEGAN, IL

2 beds | 2 baths | 800 sq.ft.

$189,900

Airbnb cash on cash: 7.81%

Traditional cash on cash: 7.06%

Airbnb Rental Income: $2744

Traditional Rental Income: $1962

Airbnb ROI: 7.81%

Traditional ROI: 7.06%

418 N Jackson Street

WAUKEGAN, IL

2 beds | 2 baths | 811 sq.ft.

$207,500

Airbnb cash on cash: 8.11%

Traditional cash on cash: 7.81%

Airbnb Rental Income: $2744

Traditional Rental Income: $2039

Airbnb ROI: 8.11%

Traditional ROI: 7.81%

611 N Jackson Street

WAUKEGAN, IL

3 beds | N/A baths | N/A

$235,000

Airbnb cash on cash: 8.23%

Traditional cash on cash: 6.5%

Airbnb Rental Income: $3275

Traditional Rental Income: $2155

Airbnb ROI: 8.23%

Traditional ROI: 6.5%

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%

1331 N Sheridan Road

WAUKEGAN, IL

2 beds | 2 baths | 1,056 sq.ft.

$279,900

Airbnb cash on cash: 4.83%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $2744

Traditional Rental Income: $2276

Airbnb ROI: 4.83%

Traditional ROI: 5.51%

2613 N Lewis Avenue

WAUKEGAN, IL

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

$240,000

Airbnb cash on cash: 7.7%

Traditional cash on cash: 6.98%

Airbnb Rental Income: $3275

Traditional Rental Income: $2378

Airbnb ROI: 7.7%

Traditional ROI: 6.98%

1708 North Avenue

WAUKEGAN, IL

2 beds | 1 baths | 837 sq.ft.

$175,000

Airbnb cash on cash: 8.87%

Traditional cash on cash: 6.58%

Airbnb Rental Income: $2744

Traditional Rental Income: $1717

Airbnb ROI: 8.87%