Contact us: 563.441.1776
Description
Solid 5-unit investment property with all units currently occupied and producing consistent income. The building brings in $5,700/month ($5,425 in rents + $275 from laundry) with a current NOI of $44,250. Rents are below market, giving the next owner a clear opportunity to increase cash flow over time without needing a heavy lift. Major updates already taken care of, including a new roof and a boiler and water heater both under 10 years old, helping limit near-term capital expenses. This is a strong option for an investor looking for a stable, already-performing property with upside still left in it. On-site laundry adds an additional income stream, and the property is straightforward to manage in its current condition. Whether you plan to hold long-term or gradually raise rents and improve returns, there's room to execute your strategy here. Rent roll and financials available in documents.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Lake
Listed By:
4 Sale Realty Advantage LLC
847-601-9359
MRED MLS
MLS ID: 12624199
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1425 10th Street , Waukegan, IL 60085.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $519,000 | $519,000 | $519,000 |
| Down Payment | $103,800 | $18,165 | $129,750 |
| Monthly Mortgage Amount | $2,456 | $3,055 | $3,155 |
| Taxes | $722 | $722 | $722 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $228 | $0 |
| Monthly Estimated Total | $3,329 | $4,156 | $4,028 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/23/2026. The listing information on this page last changed on 04/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/23/2026 12:56:14 AM EST) or MRED MLS (last updated Thu 04/23/2026 12:53:57 AM EST) or SCWMLS (last updated Wed 04/22/2026 11:54:37 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 04/22/2026 10:15:37 PM EST) or Cedar Rapids MLS (last updated Wed 04/22/2026 10:44:20 PM EST) or NEIRBR MLS (last updated Thu 04/23/2026 12:48:43 AM EST) or ICAAR MLS (last updated Wed 04/22/2026 11:37:30 PM EST) or ECIMLS (last updated Wed 04/22/2026 11:44:12 PM EST) or RMLSA (last updated Thu 04/23/2026 12:50:57 AM EST) or Muscatine MLS (last updated Thu 04/23/2026 12:45:23 AM EST) or No Coast MLS (last updated Thu 04/23/2026 12:44:23 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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