Waukegan Homes under $200,000

Welcome to Waukegan, Illinois – a vibrant city nestled along the shores of beautiful Lake Michigan in Lake County. Known for its rich history, diverse culture, and welcoming community, Waukegan offers a unique blend of small-town charm and urban convenience. With a population of approximately 88,000 residents, this dynamic city is just a short drive from Chicago, making it an ideal location for those seeking a balance between city life and suburban tranquility.

Waukegan is home to an array of recreational activities, including stunning parks, scenic waterfront views, and a bustling downtown area filled with shops, restaurants, and entertainment options. The city’s historic district showcases beautiful architecture and offers a glimpse into its storied past, while the Waukegan Harbor provides residents with opportunities for boating, fishing, and enjoying lakeside strolls.

For homebuyers seeking affordability without sacrificing quality of life, Waukegan is an excellent choice. The real estate market features a variety of homes priced under $200,000, making it accessible for first-time buyers, families, and investors alike. From charming single-family homes to cozy townhouses, there’s something for everyone in this thriving community.

With its affordable housing options, rich cultural scene, and proximity to Chicago, Waukegan stands as a hidden gem in Lake County. Whether you're looking to settle down or invest, exploring the homes in Waukegan could be your next best decision. Come and discover the warmth and opportunities that await you in this delightful city!

Newest Waukegan Homes under $200,000

$159,900

2 Beds ⋅ 1 Baths ⋅ 12774410 MLS ⋅ NEW Status

Classic ranch-style living and a comfortable neighborhood setting give this 2-bedroom, 1-bath home plenty of everyday appeal. The inviting layout offers bright living spaces with flexibility for relaxing, entertaining, or working from home, while the kitchen provides a practical setting for daily living and gathering. Comfortable bedrooms create private retreats, and additional space throughout the home offers plenty of opportunity to personalize to your needs. The yard provides room to relax, entertain, or enjoy the outdoors. Conveniently located near parks, schools, shopping, dining, recreation, and major roadways with easy access throughout Waukegan and the surrounding Lake County area. Buyer is taking property subject to city inspection list. Water and Gas will NOT be turned on.

1949 Hickory Street, Waukegan

$199,700

2 Beds ⋅ 1 Baths ⋅ 12770279 MLS ⋅ ACTIVE Status

Welcome home to this charming 2 bedroom, 1 bath single-story home in Waukegan! Everything is on one level, and the updates are already done, move in ready. The updated kitchen offers a fresh, modern look and plenty of room to cook and gather. Both bedrooms have been refreshed, and the cozy living room is a comfortable place to relax at the end of the day. Outside, the generous yard gives you room to garden, play, or entertain, and the 1-car garage adds parking and extra storage. The home sits just south of Grand Ave, close to shopping, dining, parks, and main roads including Green Bay Rd, which makes daily errands and commuting easy. It's a great fit for first-time buyers, downsizers, or investors.

609 N Frolic Avenue, Waukegan

$189,000

2 Beds ⋅ 2 Baths ⋅ 12764465 MLS ⋅ PRICE CHANGE Status

2510 Berkshire Court Unit #1, Waukegan

3130 W Monroe Street Unit #312, Waukegan

$87,000

1 Beds ⋅ 1 Baths ⋅ 12766850 MLS ⋅ ACTIVE Status

Charming condo featuring a spacious bedroom with custom closet shelving and mirrored doors. The unit includes a 1-car garage, additional storage, and convenient coin-operated laundry located on the same floor. Ideally situated near shopping, local businesses, public transportation, and major highways. Per association rules, rentals and pets are not permitted.

3130 W Monroe Street Unit #312, Waukegan

$178,000

3 Beds ⋅ 2 Baths ⋅ 12764163 MLS ⋅ ACTIVE Status

Welcome to 4111 Brentwood Ln, Waukegan, in Continental Village. This spacious end unit townhome offers three bedrooms, a bath and a half, separate dining room, and a full basement. If you've been waiting for the opportunity to buy an affordable home within the desirable Gurnee School District #56, this is it. It does need updating, but if you are a visionary and aren't afraid of rolling up your sleeves, you can build sweat equity! Major recent upgrades include: roof, siding, gutters - 2022;; back concrete patio - 2025. This subdivision is like a hidden gem that also includes a playground, pool, clubhouse, and two assigned parking spaces. It is conveniently located to shopping, restaurants, and major roads. Sold AS-IS but don't let this one get away - so much potential at a great price!

4111 Brentwood Lane, Waukegan

$184,900

2 Beds ⋅ 1 Baths ⋅ 12740998 MLS ⋅ ACTIVE Status

621 N Ash Street, Waukegan

$179,000

4 Beds ⋅ 1 Baths ⋅ 12720489 MLS ⋅ ACTIVE Status

Welcome to this well-maintained 2-story frame home located at 557 Oak St. Offering 4 bedrooms, 1 bathroom, and 903 square feet of functional living space, this property presents a fantastic opportunity for buyers looking for value and convenience. Featuring a classic layout with one bedroom on the main floor and three additional bedrooms on the second level, this home adapts easily to your lifestyle needs. Enjoy the benefits of a low-maintenance lot in an established neighborhood. Located close to local amenities, this property is ready for its next chapter.

557 Oak Street, Waukegan

$165,000

2 Beds ⋅ 1 Baths ⋅ 12735411 MLS ⋅ ACTIVE Status

Calling all investors! This 2-bedroom, 1-bathroom property is a true investment opportunity and is available for cash purchase or financing, depending on the financing terms. Situated on approximately 0.25 acres with well water, this property offers excellent visibility just off Green Bay Road, making it a unique opportunity for the right buyer. The home requires significant renovation throughout, and the barn located at the rear of the property also needs substantial work. Currently zoned residential, this property is ideal for experienced investors looking to restore, renovate, or add to their portfolio. This is not a move-in-ready home and will require extensive repairs. Investors only.

2932 Darrow Lane, Waukegan

3130 W Monroe Street Unit #202, Waukegan

$99,900

1 Beds ⋅ 1 Baths ⋅ 12729537 MLS ⋅ ACTIVE Status

Rare end unit with a window and a 2 car detached garage at an affordable price, highly secured building with an efficient HOA management, cheaper than renting, coin laundry and designated storage in each floor, stove/ref/DW/MI stay, some furnitures are included free, wall unit convertible to AC/Heater, bedroom has french doors,

3130 W Monroe Street Unit #202, Waukegan

$200,000

3 Beds ⋅ 2 Baths ⋅ 12707701 MLS ⋅ ACTIVE Status

2814 N Butrick Street, Waukegan

$199,500

4 Beds ⋅ 2 Baths ⋅ 12544878 MLS ⋅ ACTIVE Status

Architecturally interesting brick & stone tudor style home in North East Waukegan. Full basement, fireplace, 2+ car garage. Home needs total renovation and priced accordingly. Electric is currently shut off(bring a flashlight:)! Home is currently assessed at $258,475 and taxes should be reduced upon appeal with lower sale price. Please discuss with the tax assessor, if desired. PLEASE NOTE THAT THE HOUSE IS NOT HABITABLE. CALL LISTING AGENT FOR DETAILS. ALL PEOPLE ENTERING THE HOUSE MUST SIGN A "DISTRESSED PROPERTY DISCLOSURE" BEFORE GOING INTO THE HOUSE. FORM IS FOUND UNDER "ADDITIONAL INFORMATION" IN THE MLS AND EXTRA COPIES ARE AT THE HOUSE. GARAGE DOOR ISN"T OPPERABLE, PLEASE DON'T GO IN. Thank you:)!

1411 N Jackson Street, Waukegan

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