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714 W Ivanhoe Lane Mount Prospect, IL $ 975,000
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$ 975,000 Get more info
714 W Ivanhoe Lane
$ 975,000
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714 W Ivanhoe Lane

Mount Prospect, IL, 60056
$ 975,000
Bedrooms9 Baths0.0 Sq 5,067

Monthly Estimate*

$ 6,734

714 W Ivanhoe Lane, Mount Prospect, IL 60056 - Image 1
714 W Ivanhoe Lane, Mount Prospect, IL 60056 - Image 2

Multi-Family Home for sale in Mount Prospect, IL

for $975,000 with 9 bedrooms. This 5,067 square foot home was built in 1977 on a lot size of 0.061341.

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.

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Multi-Family Active

Price

$ 975,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 17,948

Style

Lot Size

0.061341

Year Built

1977

Town/City

Mount Prospect

County/Region

Cook

MLS | Web ID

12790364
Features
General
Cooling Wall Sleeve
Zoning MULTI
Association Fee Includes Parking Insurance Lawn Care Scavenger Snow Removal
Construction Materials Brick
Year Built 1977
Tenant Pays Electricity
Stories Count 2
Township Elk Grove
Tax Year 2025
Gross Income 91800
County Cook
Net Operating Income 45744
Operating Expense 46055
Insurance Expense 5249
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 6021
Status New
Directions Elmhurst Rd (Rt 83) S of Golf Rd (Rt 58) to Huntington Commons Rd W to Sir Galahad N to Ivanhoe Lane
City Mount Prospect
Number Of Units Total 6
MLS Area Mount Prospect
Lot Size Square Feet 2672
Tax Annual Amount 17948.85
Electric Expense 458
Fuel Expense 4507
Trash Expense 0
Water Sewer Expense 5770
Additional Parcels Y/N N
Standard Status Active
Cap Rate 4.69
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Exterior
Building Area Total 5067
Lot Dimensions 48 X 53
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* Excluded Features
List By
Re/Max City

Broker

jvaz287097@outlook.com;Bouvardiaproperties@gmail.com

Email

Affordability Calculator

$8,230
Per Month
82%
18%
0%
Monthly Principal & Interest
$6,734
Monthly Property Taxes
$1,496
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/21/2026$975,000 Listed Price

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714 W Ivanhoe Lane, Mount Prospect, IL, 60056 is a Multi-Family Home for sale at $975,000 with 5,067 sqft and a lot size of 0.061341. 714 W Ivanhoe Lane has 9 bedrooms, 0.0 baths, and was built in 1977. The property's zip code is 60056 which is in Mount Prospect, IL

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