IL > Mundelein
Mundelein, IL 60060,126 W Maple AVE
Mundelein, IL 60060,126 W Maple AVE
Mundelein, IL 60060,126 W Maple AVE
Mundelein, IL 60060,126 W Maple AVE
Mundelein, IL 60060,126 W Maple AVE
Mundelein, IL 60060,126 W Maple AVE
Cecil Sabu
Cecil Sabu

Designated Managing Broker & Loan Originator | License ID: 471.019943 | NMLS ID: 2111992

+1(312) 772-2820

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$ 1,360,000

$ 1,465,000 7.2%

Est. payment | /mo

74.6 Acres Lot

$ 1,360,000

$ 1,465,000 7.2%

Est. payment | /mo

74.6 Acres Lot

Key Details

Sold Price $1,360,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12303523

Sold Date 05/08/25

Year Built 1985

Annual Tax Amount $19,888

Tax Year 2023

Lot Size 74.600 Acres

Lot Dimensions 149.9 X 216.9

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Lake

Area Ivanhoe / Mundelein

Zoning MULTI

Interior

Cooling Central Air, Central Individual

Fireplace N

Building

Level or Stories 3

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jason Bitton • RE/MAX Suburban
Bought with Jason Bitton • RE/MAX Suburban
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+1(312) 772-2820

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1941 N Elston Ave, Chicago, IL, 60642, USA

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126 W Maple AVE