About This Home

This 9-bedroom, 6-bathroom residential multi family at 714 W Ivanhoe Lane in Mount Prospect, IL is listed for $975,000. Built in 1977, on a 0.06 acres lot.

Key Features

  • Built in 1977
  • 0.06 acre lot
  • 2 stories

Property Details

2 stories
6 full
1977
Listing Description

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.

Monthly Cost Estimate

$5,215/mo

20% down · 6.5% · 30 years

Principal$705
Interest$4,225
Insurance$284

Estimates only. Actual payments may vary.

Location

714 W Ivanhoe Lane

Mount Prospect, IL 60056

Property Details

Construction

Brick

Questions & Answers

This 9-bedroom, 6-bathroom residential multi family at 714 W Ivanhoe Lane is listed at $975,000. The estimated monthly payment is $5,214 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1977, 0.06 acre lot, 2 stories.

This property is listed by Jesus Vazquez.

JV

Jesus Vazquez

Agent at RE/MAX City

Listed by RE/MAX City · Broker phone: (773) 775-0600 · View on Broker Site · Broker website

MLS# 12790364· Source: Midwest Real Estate Data, LLC· 10 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

714 W Ivanhoe Lane, Mount Prospect, IL 60056

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