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$1,035,000
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Property Description
***Price Reduction!! Recent updates! Motivated seller offering a unique opportunity for the next Visionary Investor! This is your chance to take ownership of a substantial investment portfolio in prime Real Estate! Ideal for Dreamers ready to make a mark in the property market. This is an exceptional chance to expand your Investment Horizons!! Fully Updated***all units are completely remodeled between 2024 and 2025, new roof 2024, new water heaters 2024, recent update to all mechanicals, and freshly paved driveways! Tenants enjoy modern living with minimal maintenance and increased satisfaction. Acquiring both buildings comes with an attractive Rental Income package. Two buildings, 22 Bedrooms, 12 Bathrooms, ALL are fully occupied, offering a steady cash flow from day one! Designated parking provides convenient access and enhanced curb appeal. Recent upgrades to mechanicals ensure reliability and efficiency, reducing long-term costs. Both buildings are located in a vibrant community with shopping plazas and essential services within minutes. This is an ideal investment to expand your portfolio, or enter the rental market with a turnkey operation. Don't miss the opportunity for ownership! Schedule your viewing by contacting us today!
Full Property Details
Full Property Details for 2116 & 2101 Williamsburg Dr
General
- Sold For: $1,035,000
- Taxes: $22,000 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12293660
- Added to Site: 327 day(s) ago
Interior
- Interior Features: Laundry Room
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: Park City / Waukegan
- County: Lake
- Driving Directions: Take Lewis to Williamsburg. 2101 is on the south side of the street 2116 is on the north side of the street.
- Location Details: Corner, Mixed-Use Area, Public Transport Avail
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas
Structural Information
- Construction: Brick, Wood, Vinyl Siding
- Exterior Const.: Brick, Wood, Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Tar/Gravel, Other
- Stories/Levels: 3
- Square Feet: 18,252
- Current Bldg. Use: Multi-Family
- Year Built: 1950
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 12
- Units w/Range/Oven: 12
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.41
- Lot Size (Sq. Ft.): 16,549
- Lot Dimensions: 60 x 134
- Frontage: City Street
- Potential Use: Commercial, Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $43,604
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1950
- Tax Amount: $22,000
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 8171020120000
Listed by eXp Realty - Chicago North Ave
Sold by Core Realty & Investments Inc.
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Schools
Schools serving 2116 & 2101 Williamsburg Dr
School District:Waukegan Community Unit School District 60
| Name | Grades | Distance |
|---|---|---|
Clearview Elementary School 1700 Delaware Rd, Waukegan, IL 60087 | K-5 | 0.2 mi |
Miguel Juarez Middle School 201 North Butrick Street, Waukegan, IL 60085 | 6-8 | 1.6 mi |
Waukegan High School 1011 Washington Street, Waukegan, IL 60085 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2116 & 2101 Williamsburg Dr
Date
Details
Price
Change
Source
12/05/2025
Sold
$1,035,000
-10%
MLS
9/27/2025
Price Reduced
$1,150,000
-8%
MLS
8/12/2025
Price Reduced
$1,249,999
-16.67%
MLS
7/01/2025
Price Reduced
$1,500,000
-9.09%
MLS
6/06/2025
Price Reduced
$1,650,000
-8.33%
MLS
4/10/2025
Price Reduced
$1,800,000
-10%
MLS
2/25/2025
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2116 & 2101 Williamsburg Drive, Waukegan, IL 60085 (MLS# 12293660) is a Commercial property that was sold at $1,035,000 on December 05, 2025. Want to learn more about 2116 & 2101 Williamsburg Drive? Do you have questions about finding other Commercial real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.

