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.
Details
MLS #
12790364
Listing Type
For Sale
Style
Multi Family 5+
Sub-Type
Resale
Status
Active Under Contract
Year
1977
Days On Site
18
Listing Provided By
RE/MAX City | Jesus Vazquez
Features
SQ Feet
5,067
Story(s)
2
Units
6
Zoning
MULTI
Interior
Cooling
Wall Sleeve
Exterior
Construction Materials
Brick
Taxes
Tax Year
2025
Tax Annual Amount
17948.85
Area Information
State
IL
County
Cook
City
Mount Prospect
Zip Code
60056
Area
Mount Prospect
Listing VS Median (in 60056)
Price: $975,000
low | high
Med: $419,900
100% of Average
sqft: 5,067
low | high
Med: 1,368
100% of Average
$ / sqft: $192
low | high
Med: $307
9.516666666667% of Average
On site: 18
low | high
Med: 3
100% of Average
Sourced by Back At You
Market Activity 60056
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Oct 2026
Sales: 6
Avg $ Per SqFt: $296.87
Min Sale Price: $405,000
Max Sale Price: $875,000
Med Sale Price: $427,450
Date: Sep 2026
Sales: 26
Avg $ Per SqFt: $293.56
Min Sale Price: $170,000
Max Sale Price: $1,150,000
Med Sale Price: $509,500
Date: Aug 2026
Sales: 33
Avg $ Per SqFt: $252.31
Min Sale Price: $172,000
Max Sale Price: $620,000
Med Sale Price: $385,500
Date: Jul 2026
Sales: 42
Avg $ Per SqFt: $286.27
Min Sale Price: $160,000
Max Sale Price: $1,355,000
Med Sale Price: $472,000
Date: Jun 2026
Sales: 59
Avg $ Per SqFt: $280.8
Min Sale Price: $110,000
Max Sale Price: $749,900
Med Sale Price: $467,000
Date: May 2026
Sales: 54
Avg $ Per SqFt: $292.06
Min Sale Price: $232,000
Max Sale Price: $895,000
Med Sale Price: $500,000
Date: Apr 2026
Sales: 50
Avg $ Per SqFt: $282.87
Min Sale Price: $145,000
Max Sale Price: $863,280
Med Sale Price: $443,750
Date: Mar 2026
Sales: 46
Avg $ Per SqFt: $272.65
Min Sale Price: $143,000
Max Sale Price: $1,500,000
Med Sale Price: $438,500
Date: Feb 2026
Sales: 32
Avg $ Per SqFt: $282.01
Min Sale Price: $149,000
Max Sale Price: $849,000
Med Sale Price: $472,500
Date: Jan 2026
Sales: 34
Avg $ Per SqFt: $272.83
Min Sale Price: $190,000
Max Sale Price: $880,000
Med Sale Price: $417,500
Date: Dec 2025
Sales: 15
Avg $ Per SqFt: $278.94
Min Sale Price: $143,000
Max Sale Price: $715,000
Med Sale Price: $399,999
Date: Nov 2025
Sales: 29
Avg $ Per SqFt: $257.01
Min Sale Price: $140,000
Max Sale Price: $1,255,000
Med Sale Price: $424,043
Sourced by Back At You
Oct 2026
Sales:
6
Avg $ Per SqFt:
$296.87
Min Sale Price:
$405,000
Max Sale Price:
$875,000
Med Sale Price:
$427,450
Sep 2026
Sales:
26
Avg $ Per SqFt:
$293.56
Min Sale Price:
$170,000
Max Sale Price:
$1,150,000
Med Sale Price:
$509,500
Aug 2026
Sales:
33
Avg $ Per SqFt:
$252.31
Min Sale Price:
$172,000
Max Sale Price:
$620,000
Med Sale Price:
$385,500
Jul 2026
Sales:
42
Avg $ Per SqFt:
$286.27
Min Sale Price:
$160,000
Max Sale Price:
$1,355,000
Med Sale Price:
$472,000
Jun 2026
Sales:
59
Avg $ Per SqFt:
$280.8
Min Sale Price:
$110,000
Max Sale Price:
$749,900
Med Sale Price:
$467,000
May 2026
Sales:
54
Avg $ Per SqFt:
$292.06
Min Sale Price:
$232,000
Max Sale Price:
$895,000
Med Sale Price:
$500,000
Apr 2026
Sales:
50
Avg $ Per SqFt:
$282.87
Min Sale Price:
$145,000
Max Sale Price:
$863,280
Med Sale Price:
$443,750
Mar 2026
Sales:
46
Avg $ Per SqFt:
$272.65
Min Sale Price:
$143,000
Max Sale Price:
$1,500,000
Med Sale Price:
$438,500
Feb 2026
Sales:
32
Avg $ Per SqFt:
$282.01
Min Sale Price:
$149,000
Max Sale Price:
$849,000
Med Sale Price:
$472,500
Jan 2026
Sales:
34
Avg $ Per SqFt:
$272.83
Min Sale Price:
$190,000
Max Sale Price:
$880,000
Med Sale Price:
$417,500
Dec 2025
Sales:
15
Avg $ Per SqFt:
$278.94
Min Sale Price:
$143,000
Max Sale Price:
$715,000
Med Sale Price:
$399,999
Nov 2025
Sales:
29
Avg $ Per SqFt:
$257.01
Min Sale Price:
$140,000
Max Sale Price:
$1,255,000
Med Sale Price:
$424,043
MLS Number: 12790364
Jesus Vazquez – (773) 297-0457
RE/MAX City – (773) 775-0600 – remaxcity7020@att.net
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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: 12790364
Jesus Vazquez – (773) 297-0457
RE/MAX City – (773) 775-0600 – remaxcity7020@att.net
