An exceptional opportunity to acquire a prime land in the heart of downtown Libertyville, ideally suited for a thoughtfully planned multifamily community. The site offers the ability to develop a master-planned project featuring a mix of luxury townhomes and condominiums or apartments, capitalizing on strong local demand, walkable amenities, and the area's continued growth. This irreplaceable downtown location provides close proximity to restaurants, shopping, Metra access, and community amenities-making it highly attractive to both end-users and renters seeking a high-quality suburban lifestyle with urban convenience. The property presents flexibility in design, density, and unit mix, allowing a developer to tailor the project to current market demand and maximize long-term value. Reach out for additional information, including preliminary financial analyses, proposed unit mix concepts, and surveys. Serious inquiries only.
Details
MLS #
12536593
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Days On Site
287
Listing Provided By
Compass | Cory Green
Features
Acreage
0.25
Utilities
Utilities
Electricity Nearby, Natural Gas Nearby, Water Nearby
Sewer
Storm Sewer
Taxes
Tax Year
2024
Tax Annual Amount
22575
Area Information
State
IL
County
Lake
City
Libertyville
Zip Code
60048
Area
Green Oaks | Libertyville
School District
Libertyville High School
Elementary School
Butterfield School
High School
Libertyville High School
Listing VS Median (in 60048)
Price: $2,399,000
low | high
Med: $627,180
100% of Average
On site: 287
low | high
Med: 36
100% of Average
Sourced by Back At You
Market Activity 60048
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2026
Sales: 2
Avg $ Per SqFt: $263.19
Min Sale Price: $199,000
Max Sale Price: $1,425,000
Med Sale Price: $812,000
Date: Aug 2026
Sales: 12
Avg $ Per SqFt: $253.06
Min Sale Price: $195,000
Max Sale Price: $1,200,000
Med Sale Price: $410,500
Date: Jul 2026
Sales: 28
Avg $ Per SqFt: $274.56
Min Sale Price: $285,000
Max Sale Price: $1,116,000
Med Sale Price: $645,000
Date: Jun 2026
Sales: 35
Avg $ Per SqFt: $279.25
Min Sale Price: $277,500
Max Sale Price: $1,640,000
Med Sale Price: $715,000
Date: May 2026
Sales: 38
Avg $ Per SqFt: $277.72
Min Sale Price: $265,000
Max Sale Price: $1,800,000
Med Sale Price: $666,500
Date: Apr 2026
Sales: 45
Avg $ Per SqFt: $306.01
Min Sale Price: $295,000
Max Sale Price: $2,750,000
Med Sale Price: $725,000
Date: Mar 2026
Sales: 24
Avg $ Per SqFt: $278.96
Min Sale Price: $225,000
Max Sale Price: $1,620,000
Med Sale Price: $629,131
Date: Feb 2026
Sales: 19
Avg $ Per SqFt: $303.06
Min Sale Price: $335,000
Max Sale Price: $1,205,000
Med Sale Price: $625,000
Date: Jan 2026
Sales: 21
Avg $ Per SqFt: $274.26
Min Sale Price: $220,000
Max Sale Price: $1,900,000
Med Sale Price: $643,000
Date: Dec 2025
Sales: 11
Avg $ Per SqFt: $293.46
Min Sale Price: $379,900
Max Sale Price: $1,630,000
Med Sale Price: $720,000
Date: Nov 2025
Sales: 20
Avg $ Per SqFt: $257.4
Min Sale Price: $215,000
Max Sale Price: $949,000
Med Sale Price: $577,500
Date: Oct 2025
Sales: 26
Avg $ Per SqFt: $274.24
Min Sale Price: $257,000
Max Sale Price: $1,575,000
Med Sale Price: $622,500
Sourced by Back At You
Sep 2026
Sales:
2
Avg $ Per SqFt:
$263.19
Min Sale Price:
$199,000
Max Sale Price:
$1,425,000
Med Sale Price:
$812,000
Aug 2026
Sales:
12
Avg $ Per SqFt:
$253.06
Min Sale Price:
$195,000
Max Sale Price:
$1,200,000
Med Sale Price:
$410,500
Jul 2026
Sales:
28
Avg $ Per SqFt:
$274.56
Min Sale Price:
$285,000
Max Sale Price:
$1,116,000
Med Sale Price:
$645,000
Jun 2026
Sales:
35
Avg $ Per SqFt:
$279.25
Min Sale Price:
$277,500
Max Sale Price:
$1,640,000
Med Sale Price:
$715,000
May 2026
Sales:
38
Avg $ Per SqFt:
$277.72
Min Sale Price:
$265,000
Max Sale Price:
$1,800,000
Med Sale Price:
$666,500
Apr 2026
Sales:
45
Avg $ Per SqFt:
$306.01
Min Sale Price:
$295,000
Max Sale Price:
$2,750,000
Med Sale Price:
$725,000
Mar 2026
Sales:
24
Avg $ Per SqFt:
$278.96
Min Sale Price:
$225,000
Max Sale Price:
$1,620,000
Med Sale Price:
$629,131
Feb 2026
Sales:
19
Avg $ Per SqFt:
$303.06
Min Sale Price:
$335,000
Max Sale Price:
$1,205,000
Med Sale Price:
$625,000
Jan 2026
Sales:
21
Avg $ Per SqFt:
$274.26
Min Sale Price:
$220,000
Max Sale Price:
$1,900,000
Med Sale Price:
$643,000
Dec 2025
Sales:
11
Avg $ Per SqFt:
$293.46
Min Sale Price:
$379,900
Max Sale Price:
$1,630,000
Med Sale Price:
$720,000
Nov 2025
Sales:
20
Avg $ Per SqFt:
$257.4
Min Sale Price:
$215,000
Max Sale Price:
$949,000
Med Sale Price:
$577,500
Oct 2025
Sales:
26
Avg $ Per SqFt:
$274.24
Min Sale Price:
$257,000
Max Sale Price:
$1,575,000
Med Sale Price:
$622,500
MLS Number: 12536593
Cory Green – (312) 485-0897 – cory.green@compass.com
Compass – (847) 416-0446
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The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MRED. All Rights Reserved.
MLS Number: 12536593
Cory Green – (312) 485-0897 – cory.green@compass.com
