Waukegan, IL
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Waukegan short-term rental market based on reliable data.
Listings
136 / 315
Reliable / Active
Cap Rate
17%
Middle-Earners Gross Yield
Revenue
$38,083
Middle-Earners Revenue
Occupancy
61%
Middle-Earners Occupancy
Home Value
$226,867
Median Home Sale Price
Top Earners
$64,202
Top-Earners Revenue
Waukegan
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Waukegan.
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Generally Investor friendly
Waukegan Regulations
Waukegan allows STRs with a straightforward annual licensing process ($300 fee + $25 application) and platform‑handled hotel tax; no cap on licenses and distance buffers/cameras/parking were removed from the final proposal, signaling supportive intent. Moderate costs remain, a two‑night minimum is proposed, and violations can draw a $5,000 fine, making compliance doable but not cost‑free.
Local STR Agent
STR specialist · Waukegan, IL
About Waukegan
Waukegan () is the most populous city in and the county seat of Lake County, Illinois, United States. An industrial suburb of Chicago, Waukegan is situated about 26 miles (42 km) north of Chicago’s city limits. As of the 2020 census, its population was 89,321, ranking it the seventh-most populous city within the Chicago metropolitan area and the 10th-most populous city in Illinois. Unlike many of the surrounding North Shore suburbs, Waukegan is socioeconomically diverse. A significant working-class population and moderately sized middle-class community exist in the community, as well as a number of poorer neighborhoods.