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Key Details
Sold Price $412,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12440781
Sold Date 10/21/25
Bedrooms 5
Year Built 1962
Annual Tax Amount $5,947
Tax Year 2024
Lot Size 7,405 Sqft
Lot Dimensions 49.97 X 150
Property Sub-Type Two to Four Units
Property Description
Two-flat property in the heart of Mundelein. Whether you're an investor seeking reliable rental income or a homeowner looking to live in one unit while renting the other, this property checks all the boxes. The upper unit features a spacious 3-bedroom layout, ideal for long-term tenants, complete with bright living spaces and functional kitchens. The lower unit offers 2 comfortable bedrooms, a cozy living area, and its own private entrance- making it perfect for renters Unit 1 is a charming English basement apartment featuring 2 bedrooms, 1 bathroom, a kitchen, and living room. Forced air and AC,. Currently rented at $1,300/month. Unit 2 occupies the upper level and offers 3 bedrooms and 1 bathroom.It boasts hardwood floors, an updated kitchen with granite countertops and stainless steel appliances, a modern bathroom, central air, and a small private deck. This unit rents for $1,300/month. Major systems have been updated, less then 10 years a go including electrical, plumbing, and roof A common laundry area includes a coin-operated washer and dryer. Additional features include paved parking and a usable yard space. Tenants are separately metered for electricity, gas, and cable. The upstairs tenant is also responsible for electricity used by the washer/dryer, shared hallway lighting, and water heating for laundry. Contact the listing agent for more details.
Location
State IL
County Lake
Area Ivanhoe / Mundelein
Zoning MULTI
Rooms
Basement Partially Finished, Walk-Out Access
Interior
Heating Natural Gas, Steam, Radiant
Fireplace N
Exterior
Community Features Street Lights, Street Paved
Building
Building Description Brick,Block, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick,Block
New Construction false
Schools
School District 75 , 75, 120
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Olga Velasquez of @properties Christie's International Real Estate
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Rich Ayers
Team Lead | Realtor | License ID: 471.001732
Team Lead | Realtor License ID: 471.001732




