45 N McAree Rd

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Muhammad Haroon • RE/MAX SAWA
    P: (847)-312-2159 mhafeezh@gmail.com; hafeez.haroon@remax.net

Sold By Core Realty & Investments Inc.

Property Details for 45 North McAree Road

Area
Park City / Waukegan
Township
Waukegan
Ownership
Fee Simple
Num Of Parking Spaces
5.0
Heat/Fuel
Baseboard
Architectural Style
Prairie, Contemporary
LISTING UPDATED: 02/27/2026 10:34 PM

Property Details for 45 North McAree Road

StatusClosed
MLS #12538839
Days on Market6
Taxes$8,136 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / Duplex Side By Side
Year Built1965
Lot Size-
CountyLake County

Location

Add your commute

Building Information for 45 North McAree Road

Stories-Residences2Year Built1965Building Size-Lot Size-

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OriginPoint Mortgage or Rocket Mortgage1

$2,355 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,677

Property Taxes

$678

HOA Dues

$0

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Property Information for 45 North McAree Road

General Information
School Information
  • Elementary School District: 60
  • Elementary School: Whittier Early Childhood Ctr
  • Jr High Middle School: Robert E Abbott Middle School
  • High School District: 60
  • High School: Waukegan High School
  • Middle Or Junior School District: 60
Addtl Parking Information
  • Parking Details: Yes
Property Information
Interior Features
  • Num Of Rooms: 20
  • Bedrooms Total: 8
  • Bedrooms (Below Grade): 0
  • Basement Type: Finished, Rec/Family Area, Sleeping Area, Walk-Out Access
  • Bedrooms Possible: 8
  • Basement Bathrooms: No
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Ceiling Fan(s)
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 95X22X15X55X18X41X105X37
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Construction: Brick
  • General Information: None
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2026-01-17T06:40:58
  • Photos Count: 12
  • OpenHouse Count: 2
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,375.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 01/20
Unit 2
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 12/26

Property History for 45 North McAree Road

DateEvent & SourcePriceAppreciation
Feb 25, 2026

Sold

MRED #12538839

$333,000
Feb 10, 2026

Sold (Public Record)

Public Record #1929953013

$333,000

+8.5% / yr

Jan 22, 2026

Pending

MRED #12538839

DateEvent & SourcePrice
02/25/2026

Sold

MRED #12538839

$333,000
02/10/2026

Sold (Public Record)

Public Record #1929953013

$333,000

+8.5% / yr

01/22/2026

Pending

MRED #12538839

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 45 North McAree Road

Taxable ValueLand$18,190Additions$82,507Total$100,697
Tax Record2025$8,136 ($678 / month)
Home Facts
Baths3Total Finished SqFt1,896 SqFtAbove Grade Finished SqFt1,896 SqFtStories1Lot Size10,019 SqFtStyleDuplexYear Built1965CountyLAKEAPN08-20-301-017

Schools near 45 North McAree Road

This home is within Waukegan Community Unit School District 60.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Whittier Elementary School
PublicK to 5

Robert E Abbott Middle School
Public6 to 8

Waukegan High School
Public9 to 12

Andrew Cooke Magnet Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX SAWA

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/27/2026 10:34 PM. 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.