SOLD FEB 25, 2026

Off market feb 2026 for $333K

$403,162

Est. refi paymentEst. refi $2,261/mo

•

—

sq ft

45 N Mcaree Rd, Waukegan, IL 60085

About this home

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.

Multi-familyProperty Type

1965Year Built

5 spacesParking

Listed by Muhammad Haroon • RE/MAX SAWA

Bought with Gilbert Abington • Core Realty & Investments Inc.

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #12538839

Redfin Estimate

$403,162

$70K since sold in February 2026$9,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 27.2% higher than the average sale price ($317K) of 6 comparable homes.

SOLD JUN 25, 2026
$325,000
A
3 beds3 baths2,034 sq ft
410 Flossmoor Ave, Waukegan, IL 60085
SOLD SEP 30, 2026
$200,000
B
3 beds2 baths1,593 sq ft
2715 Hyde Park Ave, Waukegan, IL 60085
SOLD SEP 16, 2026
$338,350
C
4 beds2.5 baths1,458 sq ft
2724 Hyde Park Ave, Waukegan, IL 60085
SOLD AUG 13, 2026
$370,000
D
6 beds3 baths2,393 sq ft
29 N Metropolitan Ave, Waukegan, IL 60085
SOLD SEP 11, 2026
$339,000
E
4 beds2 baths2,050 sq ft
2833 Apple Ave, Waukegan, IL 60085
SOLD OCT 5, 2026
$330,000
F
3 beds2 baths1,915 sq ft
2237 9th Pkwy, Waukegan, IL 60085

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Earn from this home

Sell

$119,915

Est. take-home

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Refinance

Est. cash available

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Market trends in 60085, IL

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.8%

0.9% MoM

Median sale price

$265K

$7K MoM

Avg. days on market

51d

0 days MoM

Recently sold homes

6 MoM

New listings for sale

LISTED BY REDFIN
$420,000
3 beds2.5 baths1,809 sq ft
4442 W Tucker Ln, Waukegan, IL 60085
$279,900
3 beds1 bath1,410 sq ft
Waukegan, IL 60085
$339,000
3 beds1.5 baths1,908 sq ft
1006 Rogers Ct, Waukegan, IL 60085
$324,000
3 beds3 baths1,670 sq ft
508 N Metropolitan Ave, Waukegan, IL 60085
$335,000
3 beds2 baths1,770 sq ft
1700 N Linden Ave, Waukegan, IL 60085
3D WALKTHROUGH
$240,000
2 beds2 baths960 sq ft
427 S Elmwood Ave, Waukegan, IL 60085
$260,000
5 beds3 baths1,710 sq ft
925 Glen Ct, Waukegan, IL 60085
$298,000
3 beds1.5 baths1,100 sq ft
3882 Cambridge Dr, Park City, IL 60085
$339,900
4 beds2 baths1,680 sq ft
325 N Jackson St, Waukegan, IL 60085
$299,900
3 beds3 baths1,772 sq ft
2115 Lydia St, Waukegan, IL 60085
See all

Provided by Redfin

Sale history for 45 N Mcaree Rd

Date

Event

Price

MRED as Distributed by MLS Grid #12538839

Feb 25, 2026

Sold (MLS) (Closed)

$333,000

Jan 23, 2026

Pending

—

Jan 17, 2026

Listed (Active)

$300,000

MRED as Distributed by MLS Grid #08607201

Jan 15, 2015

Sold (MLS) (Closed Sale)

$135,000

Oct 7, 2014

Contingent

—

Aug 18, 2014

Price Changed (Price Change)

$139,000

Jun 9, 2014

Price Changed (Price Change)

$155,500

May 7, 2014

Listed (New)

$165,500

+18

Excellent location walking distance from the High School. Two unit building offers lots of living space, 8 bedrooms and 5 baths total! Lower level was converted to an in-law arrangement with one of the units. Live in the one side and rent out the other. Great opportunity for owner occupants and investors. Large corner lot, easy to rent. Units are 45 and 49 MCAREE, one pin number. New roof in 2013, newer boiler.

Public Records

Jan 19, 1993

Sold

$80,000

Year

Property tax

Land + Additions

Assessment*

2025

$8,266 (+1.6%)

$18,190 + $82,507

$100,697

2024

$8,136 (+3.7%)

$18,190 + $82,507

$100,697

2023

$7,844 (−1.9%)

$16,937 + $76,822

$93,759

2022

$7,999 (−6.9%)

$15,027 + $68,160

$83,187

2021

$8,594 (−1.3%)

$14,718 + $67,108

$81,826

2020

$8,705 (−0.6%)

$13,848 + $68,581

$82,429

2019

$8,761 (+12.8%)

$11,822 + $58,546

$70,368

2018

$7,769 (+5.5%)

$14,342 + $44,191

$58,533

2017

$7,366 (+5.9%)

$14,342 + $44,191

$58,533

2016

$6,954 (+5.6%)

$12,689 + $39,097

$51,786

2015

$6,587 (+17.0%)

$11,026 + $39,249

$50,275

2013

$5,632 (+1.1%)

$7,667 + $31,164

$38,831

2012

$5,572 (−5.7%)

$10,060 + $40,890

$50,950

2011

$5,912 (−13.4%)

$12,575 + $51,244

$63,819

2010

$6,823 (+16.2%)

$12,699 + $53,902

$66,601

2008

$5,874 (−12.5%)

$19,635 + $61,169

$80,804

2007

$6,715

$19,381 + $61,244

$80,625

Tax history for 45 N Mcaree Rd

Year

Property tax

Land + Additions

Assessment*

2025

$8,266 (+1.6%)

$18,190 + $82,507

$100,697

2024

$8,136 (+3.7%)

$18,190 + $82,507

$100,697

2023

$7,844 (−1.9%)

$16,937 + $76,822

$93,759

2022

$7,999 (−6.9%)

$15,027 + $68,160

$83,187

2021

$8,594 (−1.3%)

$14,718 + $67,108

$81,826

2020

$8,705 (−0.6%)

$13,848 + $68,581

$82,429

2019

$8,761 (+12.8%)

$11,822 + $58,546

$70,368

2018

$7,769 (+5.5%)

$14,342 + $44,191

$58,533

2017

$7,366 (+5.9%)

$14,342 + $44,191

$58,533

2016

$6,954 (+5.6%)

$12,689 + $39,097

$51,786

2015

$6,587 (+17.0%)

$11,026 + $39,249

$50,275

2013

$5,632 (+1.1%)

$7,667 + $31,164

$38,831

2012

$5,572 (−5.7%)

$10,060 + $40,890

$50,950

2011

$5,912 (−13.4%)

$12,575 + $51,244

$63,819

2010

$6,823 (+16.2%)

$12,699 + $53,902

$66,601

2008

$5,874 (−12.5%)

$19,635 + $61,169

$80,804

2007

$6,715

$19,381 + $61,244

$80,625

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

10,019 Sq. Ft.

Year renovated

1965

Sq. Ft.

1,896

Year built

1965

Style

Multi-Family (2-4 Unit)

County

Lake County

APN

08-20-301-017

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 23, 2026.

Property details

Parking

Parking Information
# of Parking (Total): 5

Interior

Bathroom Information
# of Baths (Full): 5

Bedroom Information
# of Bedrooms: 8
# of Bedrooms Possible: 8

Additional Rooms Information
Basement: Finished, Rec/Family Area, Sleeping Area, Walk-Out Access

Interior Features
# of Rooms: 20

Equipment
Ceiling Fan(s)

Multi-Unit Information
3 Br Unit(s) In Bldg: Yes

Unit Type 1 Information
Floor Number: 1
# of Rooms: 5
# of Bedrooms: 4
# of Bathrooms (Total): 2
# of Full Bathrooms: 2
Appliances and Features: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner
Security Deposit: 1375
Rent: $1,375
Tenant Pays: None
Lease Expiration Date: Wednesday, January 1, 2020

Unit Type 2 Information
Floor Number: 1
# of Rooms: 6
# of Bedrooms: 4
# of Bathrooms (Total): 3
# of Full Bathrooms: 3
Appliances and Features: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner
Security Deposit: $1,500
Rent: $1,500
Tenant Pays: All
Lease Expiration Date: Tuesday, December 1, 2026

Exterior

Building Information
# Of Units in Building: 2
Age: 61-70 Years
Built Before 1978 (Y/N): Yes
Construction Materials: Brick

Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
Parcel Number: 08203010170000

Lot Information
Dimensions: 95X22X15X55X18X41X105X37
Lot Size: Less Than .25 Acre

Financial

Tax Information
Tax Annual Amount: $8,136
Tax Year: 2024

Financial Information
Finance Code: Cash
Special Service Area: N

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Heating & Cooling
Heating: Baseboard

Location

School Information
Elementary School District: 60
Elementary School: Whittier Early Childhood Ctr
Middle Or Junior School District: 60
Middle Or Junior School: Robert E Abbott Middle School
High School District: 60
High School: Waukegan High School

Location Information
Township: Waukegan
Corporate Limits: Waukegan
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.

Public facts

Beds: 5
Baths: 3.0
Sq. Ft.: 1,896
Stories: —
Lot Size: 10,019 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1965
Year Renovated: 1965
County: Lake County
APN: 08-20-301-017

Home facts updated by county records on Oct 23, 2026

Other

Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: Yes

Around this home

Schools

Whittier Elementary School

Public K-5 • Assigned • 1.0mi

5/10

Robert E Abbott Middle School

Public 6-8 • Assigned • 0.9mi

3/10

Waukegan High School

Public 9-12 • Assigned • 1.1mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 98° expected this year, 14 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Waukegan, IL • 60085

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.2 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$384,000 – $464,000

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New listings for sale in 60085

LISTED BY REDFIN3D WALKTHROUGH

$420,000

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4442 W Tucker Ln, Waukegan, IL 60085

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3D WALKTHROUGH

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2 beds2 baths960 sq ft

427 S Elmwood Ave, Waukegan, IL 60085

Corner lot • Main floor laundry • Fully fenced yard

$260,000

5 beds3 baths1,710 sq ft

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0.59 acre lot • 3 garage spots • Built 1945

$298,000

3 beds1.5 baths1,100 sq ft

3882 Cambridge Dr, Park City, IL 60085

6,000 sq ft lot • 2 garage spots • Built 1978

$339,900

4 beds2 baths1,680 sq ft

325 N Jackson St, Waukegan, IL 60085

Bonus room • Fenced yard • New electrical panel

Home values near 45 N Mcaree Rd

Data from public records.

Address	Redfin Estimate
100 North McAree Rd, Waukegan, IL 4 Beds \| 4 Baths \| 3360 Sq. Ft.	$407,216
51 North McAree Rd, Waukegan, IL 4 Beds \| 2 Baths \| 1872 Sq. Ft.	$292,957

Address	Redfin Estimate
101 North McAree Rd, Waukegan, IL 4 Beds \| 2 Baths \| 1977 Sq. Ft.	$382,469
46 North McAree Rd, Waukegan, IL 8 Beds \| 4 Baths \| 3360 Sq. Ft.	$392,127

Address	Redfin Estimate
103 North McAree Rd, Waukegan, IL 3 Beds \| 2 Baths \| 1912 Sq. Ft.	$308,858
60 North McAree Rd, Waukegan, IL 4 Beds \| 4 Baths \| 3360 Sq. Ft.	$384,140

Property information provided by MRED as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 60085, IL

Sale history for 45 N Mcaree Rd

Tax history for 45 N Mcaree Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60085

Home values near 45 N Mcaree Rd

More real estate resources