Properties

Features
: Central Air , Central Individual
Address Map
US
IL
Lake
Mundelein
60060
Maple
126
Avenue
W92° 12' 10''
N40° 59' 27.8''
Hwy 45 & Rt 176, W2 # on right (ROUTE 176 IS MAPLE)
Ivanhoe / Mundelein
Ivanhoe / Mundelein
W
W
MULTI
Additional Information
: Brick
149.9 X 216.9
6
6
1795000
3
RE/MAX Suburban
Jason Bitton
Financial
19888
Listing Information
248545
29003
MRED
Listing Information
Contingent
2025-04-01T17:34:02Z
2025-04-01T17:33:53Z
Property Description

Rare opportunity to own a fully renovated, high-performing 6-unit multifamily property in the heart of Mundelein, IL. This all-brick building sits on an expansive 32,513 SF (.7464-acre) lot and has undergone major upgrades, ensuring low maintenance and high rental income. Four of the six units were completely rebuilt in 2024 with brand-new HVAC, plumbing, kitchens, appliances, flooring, and bathrooms. The remaining two units are in excellent condition, occupied by long-term tenants for added stability. Centrally positioned in downtown Mundelein, this turnkey investment is surrounded by ongoing residential and commercial development, ensuring strong tenant demand. The C-5-C Corridor zoning offers incredible flexibility for future development, including multifamily expansion, retail, medical, office, or restaurant use. The property features 30 parking spaces and additional revenue potential through sectioned storage rentals. Mundelein is a rapidly growing submarket, benefiting from large-scale developments such as Ivanhoe Village, Station 250 Apartments, and Springs at Mundelein, all of which increase the area’s rental demand. Affluent neighboring communities, including Vernon Hills, Libertyville, and Lake Zurich, further strengthen the investment appeal. With a full occupancy rate, a prime location, and zoning that allows for future value-add potential, this property offers both immediate cash flow and long-term appreciation.

Commercial Sale For Sale

126 W Avenue, Mundelein, Illinois 60060

  • Lot Size: 74.60 Acre
$1,465,000
Listing ID#12303523
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12303523
Price : $1,465,000
Year Built : 1985
Lot Size : 74.60 Acre
Listing Status : Active Under Contract
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