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$975,000
Est. payment /mo
5,067 SqFt
UPDATED:
Key Details
Property Type Multi 5 Units, Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,067 sqft
Price per Sqft $192
MLS Listing ID 12790364
Maintenance Fees $6,021
Year Built 1977
Annual Tax Amount $17,948
Tax Year 2025
Lot Dimensions 48 X 53
Property Sub-Type Multi Family 5+
Property Description
Pride of ownership, a beautiful setting, and rental upside; all in one standout six-unit investment! Located in a nicely landscaped Mount Prospect subdivision with parks within walking distance, 714 W. Ivanhoe Lane offers manicured grounds and well-maintained, turnkey units. The care invested in this property is evident throughout, making it an appealing opportunity for buyers seeking an established income-producing building. Current rents are estimated to be average approximately $200-$300 per unit, per month below area market rents, offering meaningful potential for income growth as leases permit. Enjoy the advantages of a cared-for property today with room to strengthen its performance over time. An attractive opportunity to start or expand your investment portfolio. Rent roll and property financials available upon request.
Location
State IL
County Cook
Area Mount Prospect
Zoning MULTI
Interior
Cooling Wall Sleeve
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
Others
HOA Fee Include Parking,Insurance,Lawn Care,Scavenger,Snow Removal
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jesus Vazquez of RE/MAX City
NEARBY SCHOOL & BUSINESS
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