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2116 & 2101 Williamsburg Drive

Waukegan, IL 60085
  • $2,000,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 12293660
$2,000,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

This exceptional 12-unit investment opportunity consists of two 6-unit buildings located directly across the street from each other, allowing for easy management and tenant access. Each building has been renovated, featuring updated flooring, fresh paint, modern cabinets, and newer appliances, making these units highly desirable for tenants. Both buildings offer washer and dryer facilities in the lower level/basement, providing on-site convenience. The boilers were fully serviced and cleaned in 2022, ensuring efficient heating and long-term durability. Additionally, outdoor parking is available for tenants, adding further value to this well-maintained property. Currently cash flowing with tenants in place at market rent rate, lease option for month to month after lease term allowing for the home to be sold to a non-investor and become owner-occupied should someone be interested. This property is part of a larger real estate portfolio for sale, making it a great opportunity for investors or homebuyers alike. Property can be sold as part of a portfolio for a package deal or alone, including the following MLS listings: 12293655, 12293654, 12293650, 12293646, 12293653, 12293643, 12293645, 12293632, 12293662, 12293648, 12293664, 12293660, 12297303. With strong rental potential and strategic positioning, this turnkey investment is perfect for any investor looking to expand their portfolio. Schedule a viewing today!

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-03-15T23:59:17.317 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2116 & 2101 Williamsburg Drive Waukegan, IL 60085

  • Price: $2,000,000
  • Status: Active
  • On Site: 18 Days
  • MLS #: 12293660
0
Beds
0
Baths
0
½ Baths
0.36
Acres
1950
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
Property Description
This exceptional 12-unit investment opportunity consists of two 6-unit buildings located directly across the street from each other, allowing for easy management and tenant access. Each building has been renovated, featuring updated flooring, fresh paint, modern cabinets, and newer appliances, making these units highly desirable for tenants. Both buildings offer washer and dryer facilities in the lower level/basement, providing on-site convenience. The boilers were fully serviced and cleaned in 2022, ensuring efficient heating and long-term durability. Additionally, outdoor parking is available for tenants, adding further value to this well-maintained property. Currently cash flowing with tenants in place at market rent rate, lease option for month to month after lease term allowing for the home to be sold to a non-investor and become owner-occupied should someone be interested. This property is part of a larger real estate portfolio for sale, making it a great opportunity for investors or homebuyers alike. Property can be sold as part of a portfolio for a package deal or alone, including the following MLS listings: 12293655, 12293654, 12293650, 12293646, 12293653, 12293643, 12293645, 12293632, 12293662, 12293648, 12293664, 12293660, 12297303. With strong rental potential and strategic positioning, this turnkey investment is perfect for any investor looking to expand their portfolio. Schedule a viewing today!
Exterior Features

Exterior Building Type Vinyl SidingBrick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Curbs and GuttersLighting/ExteriorSidewalksOtherCable Ready Outdoor Parking 6-12 Spaces Roof Tar/GravelOther Roof Structure Flat

Interior Features

Basement Concrete Block Cooling Window Unit(s) Fireplaces Total 0 Heat Ventilation Gas Miscellaneous Inside Laundry RoomWorkshop Area (Interior) Number Of Dishwashers 5 Number Of Dryers 2 Number Of Ranges 12 Number Of Washers 2

Property Features

Additional Parcels YN Yes Approximate Age 36-50 Years Association Fee Includes WaterExterior MaintenanceLawn CareScavengerSnow Removal Building Area Total 7212 Built Before1978 YN Yes Electric Circuit BreakersSeparate Meters Fire Protection Smoke or Fire Protectors Green Building Verification Type Other Gross Income 153480 Gross Scheduled Income 155472 Insurance Expense 6185 Location Corner Maintenance Expense 1200 Mls Actual Status Active Net Operating Income 114592 Operating Expense 40880 Ownership Types Limited Liability Corp Seller Needs CashOther Seller Will Other Tax Annual Amount 17856 Tax Year 2022 Tenant Pays Electricity Total Monthly Income 12956 Township Waukegan Type Multi Family 5+ Utilities Sanitary SewerWater-Municipal Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of eXp Realty, LLC - Chicago North Ave: 888-574-9405.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-03-15T23:59:17.317 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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