Condo Investment Properties in Waukegan, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Waukegan, IL

Why Invest in Waukegan, Illinois?

Investing in condos in Waukegan offers a unique opportunity amidst a growing rental market. With an average rental yield of 7% and an appreciation rate of 5% over the past year, now is the time to consider purchasing. The area's proximity to Lake Michigan and ongoing economic developments make condos here a compelling choice for investors.

12%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$250/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
5%
1Y Appreciation

Frequently Asked Questions

The average rent for condos in Waukegan is around $1,500 per month, making it an affordable option for many renters.

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