Looking for a move-in ready multi-unit property that offers both living space and investment potential? This 2-unit gem, located on the border of Waukegan and Gurnee, boasts the charm of a single-family home and is situated in a well-maintained neighborhood with similar properties. The downstairs unit features a living room, family room/office, 2 bedrooms, eat-in kitchen, and bathroom. The upstairs unit mirrors this layout, minus the family room. If you decide to live in the downstairs unit and rent out upstairs, you'll have access to a fully finished basement complete with a half bath, shower, laundry facilities, recreation room, and bonus room. See the floor plans in the property photos for more details. Currently shared, the basement space could easily be integrated into the downstairs unit for additional living space. Parking is abundant with an attached 2-car garage offering internal access for both units, along with a 3-car driveway. Outside, a well-maintained yard and deck provide outdoor enjoyment for all occupants. The property has undergone regular updates, with a major improvement made each year to ensure its pristine condition. Recent upgrades include an epoxy resin garage floor and the addition of a deck, making this home a fantastic investment opportunity. Downstairs tenants are family who, if required, will be moving out at closing and upstairs is on month to month. For investors, these units could easily bring in a combined rent that would follow the 1% rule or slightly better, whilst the area is seeing tremendous value appreciation (12% in the last 12 months) as one of the only affordable areas left in Lake County and the Chicago North Shore.

Listing courtesy of MRED / Baird & Warner as distributed by MLS GRID

Last checked: Checking… • Last updated Jan 22, 2025 • Source: MRED

MLS# 12077996 — Report a problem