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Short Sale Listings in Waukegan, IL

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Living in Waukegan, IL

Waukegan, IL, is a thriving city on the shores of Lake Michigan known for its beautiful beaches, historical sites, and active community life. With convenient access to Chicago and quality schools, Waukegan attracts families and professionals alike. The city's blend of suburban tranquility and urban accessibility makes it a promising location for real estate investment.

Current Market Conditions in Waukegan, IL

The real estate market in Waukegan has shown signs of stability and growth, making it an appealing option for investors. The demand for housing is rising, particularly as more families and individuals seek the benefits of living near the lake while remaining close to Chicago's job market.

Recent trends indicate an increase in both single-family home sales and rental properties, highlighting the area's potential for cash flow and long-term appreciation. Investors can find opportunities across various property types, from affordable starter homes to larger family residences.

Home Value Estimator For Waukegan, IL

There are currently 19,412 real estate properties in Waukegan, IL, with a median automated valuation model (AVM) price of $230,020.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Waukegan, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Waukegan, IL, is $281,247.00, with the most expensive house in Waukegan, IL, topping out at $62,166,662.00 and the cheapest home in Waukegan, IL, clocking in at $10,670.00. In other words, there’s something for every potential homebuyer or savvy investor in Waukegan, IL!

Rent Prices In Waukegan, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Waukegan, IL, is on a rollercoaster ride. The average rent price in Waukegan, IL, is $1,267.00. Indeed, when looking to rent in Waukegan, IL, you can expect to pay as little as $580.00 or as much as $4,320.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Waukegan, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Waukegan, IL Short Sale Listings


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