Browse All Mount Prospect IL Multi-Family Properties for Sale

8 Beds ⋅ 5 Baths ⋅ 12782600 MLS ⋅ CLOSED Status

MULTIPLE OFFERS SITUATION. Great Investment opportunity in desirable Mount Prospect area with Legal All Brick 3-Flat. 2.5 Car Garage. Side Drive and available Street parking too. Updated and Very Well-Maintained property. 2-nd and 3-rd Floors Apartments has 6 Rooms: 3 Bedrooms and 1.5 Bathroom (in Master Suit). 1-st Floor Apartment (with Heated Flooring Throughout) has 4 Rooms : 2 Bedrooms, 1 Bathroom. Harwood Floors throughout 2-nd and 3-rd Floor. Laundry Room (Coin operated Washer and Dryer maintained by the Owner for additional income). Separate Utilities: each unit has their own boiler, and their own electric meters. Owner pays cold water, sewer and garbage. Excellent School District (Prospect HS). Great, Convenient Location: close to Expressways, Metra Station, O'Hare, Bus Stops, Shopping, Restaurants, Schools, Parks. Units are always in high demand and easily rentable. With tenants already in place, this property provides immediate rental income. PLEASE DO NOT DISTURB OCCUPANTS, DO NOT KNOCK-ON DOOR. Property in very good condition, but selling - As Is.

512 W Ida Court, Mount Prospect

$725,000

6 Beds ⋅ 3 Baths ⋅ 12781213 MLS ⋅ ACTIVE Status

A truly unique find! Discover this oversized & updated 2-Flat offering the perfect blend of versatility in an established single-family home neighborhood in the highly sought-after Hersey High School district! Owner is delivering a clean slate approach, making it ideal for investors, families seeking extended or multi-generational living arrangements, or those looking for a house-hack option for supplemental income to set the rental rates for their exact needs. Let's start with the first floor: Apartment 1 features 3 BR / 1 Bath / 1,293sf with a spacious living room, an open-concept kitchen with a dining area, and three generously sized bedrooms. Off the eating-area is back door that leads to a huge patio and full access to the yard, immediate access to the garage and shed. The second-floor unit, Apartment 2, has been extensively updated with over 2,000sf of an open-concept floor plan. Upon entry, you'll find a huge living Room full of natural light leading to the Remodeled kitchen with high-end stainless steel appliances, under cabinet lighting, ample cabinetry, walk-in pantry, and large eat-in area. The Great Room is massive with floor-to-ceiling windows, tray ceiling, separate zoned heating, and attic space for another level of extra walkable storage. Finally the 3rd Bedroom offers sliding doors that lead to the massive private deck overlooking the entire yard. Upgraded bamboo flooring, logan doors, recessed lighting, and ceiling fans round out the apartment. The Basement Offers 1,181sf along with a Full bathroom, two large storage areas with ample closets, or can be used as flex spaces for office, workshop, or gym. The oversized 2.5+ car garage adds extra side storage, long driveway providing additional three tandem outdoor parking spaces (6 cars), a storage shed, and a fully fenced backyard. Located just minutes from downtown Mt. Prospect, MP & Cumberland Metra Stations, Restaurants, Shopping, Fitness, Parks, and Entertainment. Each unit has separate utilities and its own laundry area, providing convenience and privacy. Gas Line Ready off the Deck for Grilling and another Hub for adding a Generator if needed. So many options to add-on and increase rents in future giving the next user the opportunity to own an amazing property in an impeccable location.

1000 E Ardyce Lane, Mount Prospect

$620,000

5 Beds ⋅ 4 Baths ⋅ 12727697 MLS ⋅ CLOSED Status

Exceptional two-unit opportunity in the John Hersey High School District! Offering over 4,000 square feet of living space + full basement, this versatile property is ideal for an owner occupant, multigenerational living, or an investor looking for a strong income-producing opportunity. The spacious first-floor ranch-style unit features 3 bedrooms and 2 full bathrooms, including a private primary bedroom suite with en-suite bath. Enjoy a comfortable living room with fireplace, dining room, and family room with in-unit laundry, and access to a full basement offering abundant storage and additional potential living space. The second-floor unit offers 2 bedrooms and 2 full bathrooms, along with its own fireplace, living room, dining room, family room & in-unit laundry with a private entrance from both the garage and exterior. An attached 2-car garage plus 3 additional exterior parking spaces provides plenty of parking for residents and guests. Both units have outdoor space - the upper level with a balcony and the lower level with a patio leading out to the spacious backyard. Both units have separate electric and water meters, allowing utilities to be billed independently-an excellent feature for rental or owner-occupied use. Major updates include two new furnaces in 2026, a roof that is approximately 10 years old, and one new A/C unit installed in 2026, while the second A/C unit is approximately 10-12 years old. This property offers exceptional flexibility and long-term potential with amazing access to the train, restaurants & shops in downtown Mt. Prospect - it's a 5 minute drive! Live in one unit while generating rental income from the other, create a comfortable setup for extended family, or utilize both units as an investment property. Property is being sold as-is.

301 N Catino Court, Mount Prospect

$650,000

6 Beds ⋅ 4 Baths ⋅ 12587447 MLS ⋅ CLOSED Status

1102 E Ardyce Lane, Mount Prospect

$685,000

7 Beds ⋅ 5 Baths ⋅ 12385220 MLS ⋅ CLOSED Status

Rare Opportunity in the Hersey District! Tucked away at the end of a quiet cul-de-sac, this impeccable and oversized 2-flat offers nearly 4,000 square feet above grade-a true gem in Mount Prospect! Each spacious unit features 3 bedrooms and 2 full baths, with generous living space including eat-in kitchens, formal dining rooms, and large family rooms. The second-floor unit even includes a private roof deck over the garage-perfect for relaxing or entertaining. Whole property freshly painted and new carpeting in some of the rooms. The finished walkout basement adds even more versatility, with a huge rec room, half bath, an additional bedroom, and a large storage/utility area. A 2-car attached garage provides ample space for vehicles and additional storage. Not to mention a huge yard in the back! Whether you're looking for strong rental income, a multigenerational living setup, or a hybrid investment opportunity, this property delivers. You simply won't find this many beds, baths, and square footage at this price in Mount Prospect! Just steps to Mt. Prospect Plaza, restaurants, Menards, and more-this location is unbeatable. Truly a must-see!

901 E Ardyce Lane, Mount Prospect

$600,000

5 Beds ⋅ 4 Baths ⋅ 12391001 MLS ⋅ CLOSED Status

Discover this unique and versatile property featuring two spacious ranch -style units side by side with separate entrances and separate utilities. Each unit offers single-level convenience providing privacy and comfort. These units are in the sought-after neighborhood with top rated schools. This property is a rare find and won't last long. Parking is a breeze with a 2 car garage and room for 6 additional vehicles on the driveway-total 6 cars. Whether you are an investor looking for solid returns or a family seeking flexible living arrangements this is the opportunity you've been waiting for.

1402 S Linneman Road, Mount Prospect

$704,000

8 Beds ⋅ 5 Baths ⋅ 12287046 MLS ⋅ CLOSED Status

Multiple offers Received. Highest and best called for by Sunday March 16th. An Amazing Investment Opportunity in Mount Prospect! This well-maintained all brick 3-flat is currently listed with 2 tenants, offering a fantastic opportunity for both new investors or seasoned property owners looking for consistent rental income. Garden Apartment: Recently refreshed in 2021, this unit features an updated kitchen with modern finishes and new flooring throughout. A clean, comfortable space perfect for tenants. Upper Units: The remaining two units are occupied by long-term tenants, providing stable income right away. Upper Units have hardwood floors throughout. Key Features: 3-Flat Building with separate units, ensuring tenant privacy and convenience. Updated Garden Apartment with fresh kitchen and new flooring (2021). Prime Investment Opportunity: With tenants already in place, this property provides immediate rental income. Great Location: Situated in the desirable Mount Prospect area, this property is conveniently located near shops, schools, and public transport. Whether you're looking to grow your portfolio or step into the world of real estate, this is the perfect opportunity to capitalize on the growing rental demand in Mount Prospect. 2009 roof replaced on garage and building; 2008 Windows replaced

512 W Ida Court, Mount Prospect

$595,000

6 Beds ⋅ 4 Baths ⋅ 12291858 MLS ⋅ CLOSED Status

Don't miss out on this incredible opportunity to own a property with so much potential! Two-Flat Configuration: Perfect for an investment property or an in-law arrangement. Live in one unit and rent out the other for extra income or provide separate living spaces for family members. Separate Entrances: Both units have private entrances, ensuring complete privacy for tenants or family members. Each unit is over 1500 SQ' and offers spacious 3-bedroom, 2 full bathrooms layouts with spacious living rooms. Fully Equipped Kitchens: Both kitchens come with appliances, ample cabinet space, and room for dining. Basement & Laundry: Seperate laundry appliances in the basement with additional storage space for both units. Basement is another 1500 SQ'! A nice backyard perfect for relaxation or entertaining. Perfect For:investors seeking consistent rental income. Families needing separate living spaces but still close together. First-time homebuyers looking to supplement their mortgage with rental income. New sewer line installed in 2024. Move in ready and not currently leased.

1005 E. Cardinal Lane, Mount Prospect

$615,000

6 Beds ⋅ 3 Baths ⋅ 12010664 MLS ⋅ CLOSED Status

Welcome to this exceptional opportunity in the heart of Mt. Prospect! This charming 2-flat residence offers the perfect blend of modern updates and convenience, presenting an ideal investment or owner-occupied scenario. Step into luxury with the updated first-floor unit featuring 4 bedrooms, 3 on the main floor and 1 on the basement; and 2 total full baths. Hardwood floors adorn the main living areas, creating an inviting ambiance. The remodeled kitchen is a chef's delight, boasting luxury cabinets, granite countertops, stainless steel appliances, a breakfast bar, and an eat-in space. Plus, the added convenience of an in-unit washer dryer and a spacious fenced-in patio and yard, perfect for relaxation and outdoor gatherings. The basement level offers a gigantic rec room, a 4rd bedroom w/ an Egress window, and the 2nd full bath. Ample storage ensures you have room for all your belongings, while the second set of washer dryer adds to the convenience (or put Speed Queens in and add to your monthly profit). The second-floor unit is rent-ready, presenting 2 bedrooms and 1 bath. With spacious bedrooms and a generous living room, it's perfect for entertaining guests or accommodating tenants with ease. Benefit from the convenience and security of a 2-car attached garage. Situated in a highly sought-after area, this property provides easy access to an array of shopping options including Walmart, Menards, and Randhurst Mall. Enjoy the convenience of nearby amenities while being surrounded by excellent schools, making it an ideal choice for an owner occupant and and investors alike. Whether you're looking to offset your mortgage with rental income or seeking an attractive cash flow return, this property offers a lucrative investment opportunity. Maximize your returns by renting out both units while enjoying the comfort of a well-maintained property. Don't miss out on the chance to invest in your future with this exceptional property.

1103 E Ardyce Lane, Mount Prospect

$662,000

8 Beds ⋅ 5 Baths ⋅ 11967023 MLS ⋅ CLOSED Status

MULTIPLE OFFERS RECEIVED. This amazing and quality-built all brick 3-unit building has been owner occupied for over 30 years. Pride of ownership on all levels. Pristine condition. This building has been meticulously maintained and there are many updates and upgrades. Spacious room sizes and great flow. Updated kitchens and baths. Some hardwood floors. This property also offers gorgeous green space with low maintenance perennial gardens rarely seen. Large shed for storage. Two units are currently leased. Top unit leased until 12/31/24- rent $1600/mt. The top two units have three bedrooms and 1 full and one half bath. Level one unit leased until 11/30/24 - rent $1350/mt. This unit has two bedrooms and one full bath. Prospect Heights Schools. Seller requests only serious inquiries with preapproval letter or proof of funds, please. More property details are in Additional Information. SELLER REQUESTING NO MORE SHOWINGS.

564 W Ida Court, Mount Prospect

$670,000

8 Beds ⋅ 5 Baths ⋅ 11965779 MLS ⋅ CLOSED Status

This all-brick 3-flat offers two spacious 3-bedroom, 1.1 bath units, and a lower 2-bedroom, 1-bath unit with the comfort of radiant heated floors on the lower level. All units are currently leased, providing immediate income. Brand new roof Sept. 2023 on bldg & garage, 3 new boilers in 2019, windows in all units 2016, unit 1 was remodeled 2021. 3 hot water heaters are newer. So nothing to do but close on this great investment opportunity, seller request mid March closing please. Don't miss out on this rare find! And copper plumbing!! In the renowned Prospect School District.

535 Ida Court, Mount Prospect

$380,000

4 Beds ⋅ 2 Baths ⋅ 11945759 MLS ⋅ CLOSED Status

Opportunity is knocking! Are you listening? A Rare Find! A charming legal 2 flat that offers the savvy buyer a number of ownership options such as the opportunity to offset their mortgage payment with excellent rental income. This classic Chicago bungalow is in great shape 1 block from town, Metra, lots of new restaurants, Caputo's market, Starbucks and much more. This gives you the Chicago vibe of a trendy neighborhood right here in Mount Prospect, one of the suburbs most desirable communities complete with great schools and park district among many other pluses! The gigantic 2.5+ car detached garage and long driveway makes room for numerous vehicles. There is a fenced yard for pets too. The home is spacious and is in excellent condition with refinished hardwood floors in the huge living and separate formal dining room as well as the 2 bedrooms on the first floor. The enclosed 3 season front porch is another pleasing Bungalow architectural feature. The kitchen complete with a small pantry has very new appliances and a new hood over the stove. The 1st floor bath has been updated with a very large walk-in shower. All the windows in the house have been replaced and the seller has upgraded the electric system as well as adding central air ($22,000- the summer of 2023) to the first floor. Roof is 2008 and boiler has been replaced recently. The back of the house is pure Chicago 2 flat with 2 enclosed back porches (unheated, but comfortable for 3 seasons). The porches are off the kitchens of both apartments and provide access to both apartments as well as to the huge dry unfinished basement. The upstairs apartment is very roomy with a large eat-in kitchen, 2 bedrooms and a huge room that could be a den, huge upstairs office, playroom or 3rd bedroom. Come see it today. It is well worth your time! The upstairs apartment is currently rented to a close relative of the seller at a discounted rate of $1,100/month. The tenant tentatively would like to stay until the end of March but has some flexibility. The first-floor apartment is vacant for immediate occupancy at closing. Mt. Prospect's downtown is exploding with all kinds of things to do and this location is about 1 block to Metra train to downtown. This location could mean just being able to have only one car. Make a smart financial decision and buy it today.

218 S Main Street, Mount Prospect

$620,000

8 Beds ⋅ 5 Baths ⋅ 11929844 MLS ⋅ CLOSED Status

MULTIPLE OFFERS RECEIVED, HIGHEST & BEST DUE THURS. 11/16 BY NOON. This all-brick 3-flat offers two spacious 3-bedroom, 1.1 bath units, and a lower 2-bedroom, 1-bath unit with an updated kitchen featuring newer cabinets, granite countertops, and stainless appliances just a year old. Plus, enjoy the comfort of radiant heated floors on the lower level. Two units are currently leased, providing immediate income. Choose to live in the well-appointed 1st-floor unit while generating rental income, or capitalize on this excellent investment opportunity. Plenty of storage or extra income with the 3 car garage! Don't miss out on this rare find! In the renowned Prospect Heights School District.

546 Dempster Street, Mount Prospect

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Browse All Mount Prospect IL Multi-Family Properties for Sale

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