# 714 W Ivanhoe Lane, Mount Prospect, IL 60056

> **TL;DR:** 9bd/6ba residential multi family, $975,000, built 1977. Est. $5,214/mo. Listed 11 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $975,000 |
| Bedrooms | 9 |
| Bathrooms | 6 full |
| Year Built | 1977 |
| Lot Size | 2,670 sqft (0.06 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 11 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,930 |
| Estimated Insurance | $284 |
| **Total** | **$5,214** |

## Property Highlights

- Built in 1977
- 0.06 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 714 W Ivanhoe Lane, Mount Prospect, IL 60056
- **County:** Cook
- **Coordinates:** 42.042481, -87.947496
- **Google Maps:** https://www.google.com/maps?q=42.042481,-87.947496

## Listing Agent

- **Name:** Jesus Vazquez
- **Brokerage:** RE/MAX City
- **Broker Phone:** (773) 775-0600
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/714-W-Ivanhoe-Ln_Mount-Prospect_IL_60056_M89229-00779?f=listhub&s=MREDIL&m=12790364&c=propsimple)

## Photos

![714 W Ivanhoe Lane - Photo 1](http://lh.rdcpix.com/c91f92fd095ff90afb73fde6015c0880l-f3904772417r.jpg)

![714 W Ivanhoe Lane - Photo 2](http://lh.rdcpix.com/c91f92fd095ff90afb73fde6015c0880l-f3135542913r.jpg)

---

**MLS#:** 12790364 | **Updated:** 2026-10-27
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/714-w-ivanhoe-lane-mount-prospect-il-60056-abeb5a870bae4ed2b800c7b45498dabe)

---

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