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$300,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 23 hours ago
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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.

Full Property Details for 45 N McAree Rd

General

  • Price: $300,000
  • Taxes: $8,136 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12538839
  • Updated: 1/17/2026
  • Added to Site: 1 day(s) ago

Interior

  • Basement: Finished, R

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Upper - Full Baths: 5

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Equipment: Ceiling Fan(s)

Parking

  • Total Spaces: 5
  • Parking Features: Yes

Location

  • Area: Park City / Waukegan
  • County: Lake
  • Township: Waukegan
  • Driving Directions: From IL-132 (Grand Ave) east toward Waukegan. Continue to McAree Road, then turn left (north). Proceed north to 45 N McAree Rd. Property will be on the east side of the street.

School Information

  • School District: 60
  • Elem School District: 60
  • Midd School District: 60
  • High School District: 60
  • Elementary School: Whittier Early Childhood Ctr
  • Middle School: Robert E Abbott Middle School
  • High School: Waukegan High School
  • Private School: Waukegan High School

Heating & Cooling

  • Heating Type: Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Prairie, Contemporary
  • Architectural Style: Prairie, Contemporary
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Rec/Family Area, Sleeping Area, Walk-Out Access
  • Year Built: 1965
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 95 x 22 x 15 x 55 x 18 x 41 x 105 x 37

Financial Considerations

  • Assessment Year: 1965
  • Tax Amount: $8,136
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 8203010170000

Listed by Re/Max Sawa

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— 45 N McAree Rd —

  • Re/Max Sawa

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 45 N McAree Rd

School District:Waukegan Community Unit School District 60
NameGradesDistance
Whittier Elementary School, Waukegan, IL
901 North Lewis Avenue, Waukegan, IL 60085
K-51 mi
Robert E Abbott Middle School
1319 Washington Street, Waukegan, IL 60085
6-80.9 mi
Waukegan High School
1011 Washington Street, Waukegan, IL 60085
9-121.1 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 45 N McAree Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/17/2026
Listed
$300,000
122.22%
MLS
1/15/2015
Sold
$135,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 45 N McAree Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,844
-2%
$93,759
13%
2023
$7,999
-7%
$83,187
2%
2022
$8,594
-1%
$81,826
-1%
2021
$8,710
-1%
$82,429
7%
2020
$8,761
—
$76,792
9%
2019
$8,761
13%
$70,368
20%
2018
$7,769
5%
$58,533
13%
2017
$7,366
6%
$51,786
3%
2016
$6,954
6%
$50,275
12%
2015
$6,587
18%
$44,996
-1%
2014
$5,559
-1%
$45,373
17%
2013
$5,632
1%
$38,831
-24%
2012
$5,572
—
$50,950
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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45 N McAree Road, Waukegan, IL 60085 (MLS# 12538839) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 45 N McAree Road is currently listed for $300,000 and was received on January 17, 2026. Want to learn more about 45 N McAree Road? Do you have questions about finding other Multi-Family real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.

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