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$975,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 5,067 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 714 W Ivanhoe Ln

General

  • Price: $975,000
  • HOA FEE: $6,021
  • Taxes: $17,948 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12790364
  • Updated: 10/21/2026
  • Added to Site: 3 day(s) ago

Interior

  • Interior Features: Laundry Room

Location

  • Area: Mount Prospect
  • County: Cook
  • Township: Elk Grove
  • Driving Directions: Elmhurst Rd (Rt 83) S of Golf Rd (Rt 58) to Huntington Commons Rd W to Sir Galahad N to Ivanhoe Lane

Community

  • Assoc. Fees Include: Parking, Insurance, Lawn Care, Scavenger, Snow Removal

Heating & Cooling

  • Cooling Type: Wall Sleeve
  • Heating Type: Central Heat/Individual Controls, Gas, Hot Water, Baseboard

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 2
  • Square Feet: 5,067
  • Year Built: 1977
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6
  • # Dryers: 1

Lot Features

  • Lot Size (Sq. Ft.): 2,672
  • Lot Dimensions: 48 x 53
  • Zoning: MULTI

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Maint. Fee: $6,021
  • Insurance Fee: $5,249
  • Operating Expenses: $46,055
  • Other Fee: $6,100
  • Assessment Year: 1977
  • Tax Amount: $17,948.85
  • Tax Year: 2025
  • Tenant Pays: Electricity
  • Pays Electric: 458

Disclosures and Reports

  • Property ID: 8144011290000

Listed by RE/MAX City

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— 714 W Ivanhoe Ln —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 714 W Ivanhoe Ln

School Districts:Community Consolidated School District 59, Township High School District 214
NameGradesDistance
Robert Frost Elementary School, Mount Prospect, IL
1308 Cypress Drive, Mount Prospect, IL 60056
K-50.3 mi
Friendship Jr High School
550 Elizabeth Lane, Des Plaines, IL 60018
6-81.2 mi
Prospect High School
801 West Kensington Road, Mount Prospect, IL 60056
9-122.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 714 W Ivanhoe Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/19/2026
Listed
$975,000
39.89%
MLS
7/07/2021
Sold
$697,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 714 W Ivanhoe Ln

Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,935
—
$73,000
12%
2023
$16,935
4%
$64,996
—
2022
$16,261
-9%
$64,996
4%
2021
$17,867
3%
$62,529
—
2020
$17,388
-3%
$62,529
-12%
2019
$17,956
25%
$71,056
41%
2018
$14,401
—
$50,441
—
2017
$14,444
6%
$50,441
—
2016
$13,581
12%
$50,441
20%
2015
$12,130
2%
$42,014
—
2014
$11,931
2%
$42,014
—
2013
$11,652
—
$42,014
-11%
2012
$11,672
—
$47,204
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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714 W Ivanhoe Lane, Mount Prospect, IL 60056 (MLS# 12790364) is a Commercial property. 714 W Ivanhoe Lane is currently listed for $975,000 and was received on October 19, 2026. Want to learn more about 714 W Ivanhoe Lane? Do you have questions about finding other Commercial real estate for sale in Mount Prospect? You can browse all Mount Prospect real estate or contact a Coldwell Banker agent to request more information.

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