106 Old Elm Rd

Lindenhurst, IL 60046

$279,000
Price
143,748 / 3.3
Lot Size / Acres
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Description

Exceptional multifamily development opportunity in the heart of Lindenhurst. Offered together, 104, 106, and 108 Old Elm Road represent one of the few remaining infill development sites in the Village zoned R-3, allowing for higher-density residential development in an established neighborhood setting. With housing demand continuing to outpace supply throughout Lake County, this approximately 3-acre site presents a rare opportunity to develop a proposed 24-unit multifamily community in a market with...Exceptional multifamily development opportunity in the heart of Lindenhurst. Offered together, 104, 106, and 108 Old Elm Road represent one of the few remaining infill development sites in the Village zoned R-3, allowing for higher-density residential development in an established neighborhood setting. With housing demand continuing to outpace supply throughout Lake County, this approximately 3-acre site presents a rare opportunity to develop a proposed 24-unit multifamily community in a market with strong fundamentals, limited new inventory, and increasing demand for quality rental housing. The property's zoning, location, and surrounding infrastructure position it as a compelling investment for developers seeking a project with significant upside and a straightforward path to meeting local housing needs. Situated among established residential neighborhoods, the site benefits from existing utilities, convenient access to shopping, dining, employment centers, and major transportation routes. Residents will enjoy proximity to Lakes Community High School, a district recognized throughout the region for its educational offerings and community support. Lindenhurst continues to attract residents seeking an exceptional quality of life, supported by a highly regarded Park District, numerous community parks, recreation programs, and year-round events. The property is also located near the Chain O'Lakes recreational area, Hastings Lake, and thousands of acres of Lake County Forest Preserves offering boating, fishing, hiking, biking, and outdoor recreation opportunities that enhance long-term residential demand. As one of the last remaining multifamily development sites within the Village, this property offers a unique combination of zoning entitlement, location, and market demand. Whether developed as a 24-unit apartment community or another permitted residential product, the site represents a rare opportunity to add much-needed housing in a desirable Lake County location with strong demographic and economic drivers.
  1. Listed by Benjamin Lovinger • Baird & Warner
    P: (847)-367-1855 C: (847)-778-9519 Ben.Lovinger@bairdwarner.com

Property Details for 106 Old Elm Road

Area
Lake Villa / Lindenhurst
Township
Lake Villa
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
MULTI
LISTING UPDATED: 06/18/2026 12:06 AM

Property Details for 106 Old Elm Road

StatusActive
MLS #12674820
Days on Market25
Taxes$2,257 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size3.30 AC
CountyLake County
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Location

Listing Courtesy of Baird & Warner
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Building Information for 106 Old Elm Road

Lot Size3.30 AC

Payment Calculator

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$1,578 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,390

Property Taxes

$188

HOA Dues

$0

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Property Information for 106 Old Elm Road

General Information
School Information
  • Elementary School District: 41
  • Elementary School: B J Hooper Elementary School
  • Jr High Middle School: Joseph J Pleviak Elementary Scho
  • High School District: 117
  • High School: Lakes Community High School
  • Middle Or Junior School District: 41
Location and General Information
  • Frontage Length: 120
  • Frontage Type: Township Road
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: Yes
Utilities / Equipment
  • Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Property/Lot Information
  • Lot Size: 3.0-3.99 Acres
  • Lot Dimensions: 120x124x300x289
  • Approx Land Sq Footage: 142550
  • Buildings on Land: No
  • Waterfront: No
  • General Information: School Bus Service
  • Flood Zone: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 6
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Multi-Family
  • Land Description: Cleared
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 106 Old Elm Road

DateEvent & SourcePriceAppreciation
Jun 12, 2026

Listed (Active)

MRED #12674820

$279,000—
DateEvent & SourcePrice
06/12/2026

Listed (Active)

MRED #12674820

$279,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 106 Old Elm Road

Taxable ValueLand$49,445Additions-Total$49,445
Tax Record2025$4,637 ($386 / month)
Home Facts
Lot Size74,488 SqFtStyleCommercialCountyLAKEAPN06-02-105-036

Schools near 106 Old Elm Road

This home is within Chsd 117 School District.
Rating
School
Type
Grades
Distance
B J Hooper Elementary School
Public - PK to 5
Peter J Palombi School
Public - 6 to 8
Lakes Community High School
Public - 9 to 12
Rating
School
Distance
B J Hooper Elementary School
PublicPK to 5

Peter J Palombi School
Public6 to 8

Lakes Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 106 Old Elm Road, Lindenhurst, IL 60046

106 Old Elm Road is a 3.3 ac of land for sale in Lindenhurst, IL 60046. This property was listed for sale on June 12, 2026 by Baird & Warner, it's currently listed at $279,000. This listing's school districts are Lake Villa Central Consolidated School District 41, Chsd 117 School District. Nearby schools include B J Hooper Elementary School, Peter J Palombi School and Lakes Community High School. 106 Old Elm Road is a 0-bed, 0-bath, 3.3 ac of land on a 143,748 sq. ft. / 3.3 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/18/2026 12:06 AM. 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.