0 Beds

$1,360,000

126 W Maple Avenue, Mundelein IL, 60060

Price per sqftN/A

Built in1985

Property typeMulti-family

Bought with Jason Bitton with RE/MAX Suburban and Listed by Jason Bitton with RE/MAX Suburban 847-858-2909

Overview

Sold

Closed

Listed Mar 3, 2025

Updated May 29

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.

Additional information

MLS^® ID: 12303523

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.75 Acres

Other Property Details

Taxes: $19,888
Tax Frequency: Annually

Bought with Jason Bitton with RE/MAX Suburban and Listed by Jason Bitton with RE/MAX Suburban 847-858-2909

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity^SM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Webb Group are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM 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 5/29/2026. 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.

Data is refreshed every 3 hours. Listing last updated 2:24 PM UTC on 5/29/2026.

DMCA Notice