126 W Maple Ave

Mundelein, IL 60060

$1,465,000
Price
16
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Contingent

Contingent

a front view of a house with a yard
a front view of a house with garden
a front view of a house with a yard
a front view of a house with a garden
a front view of a house with parking space
a front view of a house with a yard
a car parked in front of a building
a car parked on the side of the road
a bathroom with a sink and a toilet
an empty room with wooden floor and windows
a view of a hallway with wooden floor and staircase
a room with wooden floor and a window
an empty room with wooden floor and windows
wooden floor in an empty room with a window
wooden floor in an empty room with a window
a view of kitchen with refrigerator stove and wooden floor
a utility room with dryer and washer
a view of a hallway with wooden floor
wooden floor in an empty room with a window
a bathroom with a sink a toilet a tub and shower
an empty room with wooden floor and windows
a white toilet sitting next to a white sink and vanity
a view of a kitchen with a refrigerator a stove top oven
a view of a hallway with wooden floor and entryway
wooden floor in a gallery
a bathroom with a sink and a mirror
an empty room with wooden floor and windows
a kitchen with granite countertop a sink stove and refrigerator
a view of a room with wooden floor and natural light
a bathroom with a toilet sink and mirror
an empty room with wooden floor and windows
a bathroom with a bathtub and a toilet
a view of a hallway with wooden floor
an entryway of a house with wooden floor
an empty room with wooden floor and mirror
wooden floor in an empty room with a window
a view of a kitchen with a sink stove cabinets and empty room
a view of a kitchen with a refrigerator a stove top oven
a bathroom with a toilet sink and mirror
wooden floor in an empty room with a window
a kitchen with granite countertop a sink stove and refrigerator
a view of a kitchen with a refrigerator a sink
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a view of a large body of lake
a view of a black white and white wall
a window with a white and a white comforter
a view of staircase with large windows
a view of a storage room
a view of storage and utility room with a sink
a view of entryway

Description

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....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.
  1. Listed by Jason Bitton • RE/MAX Suburban

Property Details for 126 West Maple Avenue

Area
Ivanhoe / Mundelein
Township
Fremont
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 04/01/2025 12:34 PM

Property Details for 126 West Maple Avenue

StatusContingent
MLS #12303523
Days on Market39
Taxes$19,888 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1985
Lot Size0.75 AC / 32,513 SF
CountyLake County

Building Information for 126 West Maple Avenue

Stories3Residences6Year Built1985Building Size-Lot Size0.75 AC / 32,513 SF

Property Information for 126 West Maple Avenue

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • # Of Washers: 6
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Window/Ac: 0
  • # Of Refrigerators: 6
  • # Of Dryers: 6
  • # Of Disposals: 6
  • # Of Dishwashers: 6
  • Num of Baths: 12.0
Exterior Features
  • Misc Outside: Balcony/ies,Enclosed Stairs,Fire Escape,Security Lighting
Property/Lot Information
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Size Source: County Records
  • Lot Dimensions: 149.9 X 216.9
  • Lot Size Square Feet: 32513.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 66
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $129,000.00
  • Gross Scheduled Income: $129,000.00
  • Insurance Expense: $3,685.00
  • Maintenance Expense: $.00
  • Expense Year: 2024
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Total Monthly Income: 10750
  • Net Operating Income: $90,427.00
  • Operating Expense: $18,685.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 126 West Maple Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 126 West Maple Avenue

Taxable ValueLand$60,790Additions$94,607Total$155,397
Tax Record2023$15,309 ($1,276 / month)
Home Facts
Total Finished SqFt8,424 SqFtAbove Grade Finished SqFt8,424 SqFtLot Size20,225 SqFtStyleOffice BuildingYear Built1988CountyLAKEAPN10-24-405-049

Schools near 126 West Maple Avenue

This home is within Mundelein High School District 120.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - K to 2
Mechanics Grove Elementary School
Public - 3 to 5
Carl Sandburg Middle School
Public - 6 to 8
Mundelein Cons High School
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 2

Mechanics Grove Elementary School
Public3 to 5

Carl Sandburg Middle School
Public6 to 8

Mundelein Cons 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Suburban

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 04/01/2025 12:34 PM. 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.