Property photo 1
Property photo 2
0 Beds
5,067 sqft

$975,000

714 W Ivanhoe Lane, Mount Prospect IL, 60056

Price per sqft$192.42
Built in1977
Property size5,067 sqft
Property typeMulti-family
Listed by Jesus Vazquez with RE/MAX City 773-775-0600

Overview

Active

New

Listed Oct 19, 2026

Updated 7h ago

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.

$6,487/mo

Est. mortgage payment based on a $975,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12790364

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$17,949
Tax Frequency
Annually
Maintenance Expense
$6,021
Municipality
Elk Grove
MLS provider logo

Listed by Jesus Vazquez with RE/MAX City 773-775-0600

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Jay Stallone are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/22/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

©2026 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data is refreshed every 3 hours. Listing last updated 4:31 AM UTC on 10/22/2026. 

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