240 N Archer Avenue Mundelein, IL ^$ 1,365,000

240 N Archer Avenue

^$ 1,365,000

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Recently Listed

240 N Archer Avenue

Mundelein, IL, 60060

^$ 1,365,000

Bedrooms4 Baths0.0

Monthly Estimate*

^$ 9,428

240 N Archer Avenue, Mundelein, IL 60060 - Image 1

240 N Archer Avenue, Mundelein, IL 60060 - Image 2

240 N Archer Avenue, Mundelein, IL 60060 - Image 3

240 N Archer Avenue, Mundelein, IL 60060 - Image 4

240 N Archer Avenue, Mundelein, IL 60060 - Image 5

240 N Archer Avenue, Mundelein, IL 60060 - Image 6

240 N Archer Avenue, Mundelein, IL 60060 - Image 7

240 N Archer Avenue, Mundelein, IL 60060 - Image 8

240 N Archer Avenue, Mundelein, IL 60060 - Image 9

240 N Archer Avenue, Mundelein, IL 60060 - Image 10

240 N Archer Avenue, Mundelein, IL 60060 - Image 11

240 N Archer Avenue, Mundelein, IL 60060 - Image 12

240 N Archer Avenue, Mundelein, IL 60060 - Image 13

240 N Archer Avenue, Mundelein, IL 60060 - Image 14

Multi-Family Home for sale in Mundelein, IL

for $1,365,000 with 4 bedrooms. This home was built in 1970 on a lot size of 0.28.

Fantastic investment opportunity in the heart of Mundelein! This well-maintained 6-unit building features four above-grade apartments and two garden units, all remodeled in 2022! Each unit has its own water heater, gas meter, and electric meter, making utility management a breeze. Additional features include shared laundry facilities in the basement, a detached 2.5-car garage, and on-site parking with one space per unit. Conveniently located near the Metra station, downtown Mundelein, shopping, dining, and more! Whether you're looking to expand your investment portfolio or get started in multi-family real estate, this is an opportunity you won't want to miss!

Multi-Family Active

Price

^$ 1,365,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 18,304

Style

Multi-Family

Lot Size

0.28

Year Built

1970

Town/City

Mundelein

County/Region

Lake

MLS | Web ID

12798849

Features

General

Cooling Central Air

Possession Closing

Roof Composition

Zoning COMMR

Construction Materials Brick

Year Built 1970

Tenant Pays All Utilities

Stories Count 2

Township Fremont

Tax Year 2025

Current Use Multi-Family

Gross Income 0

County Lake

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 0

Possible Use Multi-Family

Status New

Directions Rt 45 and Hammond east to Archer right (South) to 240 Archer

City Mundelein

Number Of Units Total 6

MLS Area Ivanhoe / Mundelein

Lot Size Square Feet 12546

Tax Annual Amount 18304

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Interior

Basement Partially Finished Exterior Entry

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 100x133

Lot Size Acres 0.28

Frontage Type City Street

* Excluded Features

List By

Baird & Warner

Broker

stephanie.wilkins@bairdwarner.com

Affordability Calculator

$10,953

Per Month

Monthly Principal & Interest: $9,428
Monthly Property Taxes: $1,525
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Mundelein, IL

Average List Price ^$568,075

Percent of Sale Price 58%

About Mundelein, IL

31,473 Population

3% Since 2002

^$78,973 Median Income

38 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/9/2026	$1,365,000		Listed Price

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240 N Archer Avenue, Mundelein, IL, 60060 is a Multi-Family Home for sale at $1,365,000 with a lot size of 0.28. 240 N Archer Avenue has 4 bedrooms, 0.0 baths, and was built in 1970. The property's zip code is 60060 which is in Mundelein, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 11/10/2026.

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240 N Archer Avenue

Multi-Family Home for sale in Mundelein, IL

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