HUD-insured apartment loans in Waukegan, IL
6 properties in Waukegan with 649 units have FHA-insured mortgages, owing $41.4 million in all. The median note rate is 2.9%; the lowest is 2.34% at Kings Court Apartment.
| Property | Units | Rate | Balance | Matures |
|---|---|---|---|---|
| Kings Court Apartment | 168 | 2.34% | $4.5 million | 2056 |
| Village Park Apartments | 126 | 2.4% | $9.1 million | 2056 |
| Chateau Royale Apartments | 65 | 2.5% | $4.4 million | 2057 |
| Hickory Manor Apartments | 120 | 3.3% | $4.0 million | 2051 |
| Armory Terrace Rad | 50 | 3.63% | $6.9 million | 2054 |
| Barwell Manor (rad) | 120 | 4.26% | $12.5 million | 2063 |
Most-active servicers here: Merchants Capital Corp. (3), Illinois Housing Development A (2), Lument Real Estate Capital, Ll (1).
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Grouped by the city HUD records for each property.
Buying or refinancing in Waukegan?
The Janover Capital desk can tell you whether an existing HUD loan can move with the property, and what a new one would size to.