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    Wheeling, IL Apartment Buildings for Sale

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    Mount Prospect, IL Arlington Heights, IL Buffalo Grove, IL
    Spacious Condo in Lake Run
    Updated: Aug 25, 2025
    Spacious Condo in Lake Run

    16 E Old Willow Road #202S, Prospect Heights, IL 60070

    $180,000
    1,250 sqft
    Oversized 2‑bed, 2‑bath unit offering ample living space.
    Lake Run community with indoor/outdoor pool and sports courts.
    Large primary suite with private bath.
    Private balcony accessible from the family room.
    Galley kitchen with designated eating area, plenty of storage and counter space.
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    This listing looks promising.

    Here's a quick look at some key insights for

    16 E Old Willow Road #202S, Prospect Heights, IL 60070

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    • Est. Cap Rate

      8.1%
      Above avg (5.9%)

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $207K
      Above asking

    • Property Type

      Condominium
      Built 1967
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    Prospect Heights Multifamily Investment Property
    Updated: May 29
    Prospect Heights Multifamily Investment Property

    655 Piper Lane, Prospect Heights, IL 60070

    $725,000
    6‑unit investment property built in 1972
    Includes 12 parking spots
    Laundry included
    Rooms include multiple bedrooms and bathrooms across the units (Bedroom 1–9 and Bathroom 1–6)
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    Prospect Heights Multifamily Investment Opportunity
    Prospect Heights Multifamily Investment Opportunity

    512 Piper Lane, Prospect Heights, IL 60070

    $849,788
    3,376 sqft

    Multifamily property in Prospect Heights, IL, ideal for investors.

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    Sandpebble Walk Condo with Balcony
    Sandpebble Walk Condo with Balcony

    1550 Sandpebble Drive #307, Wheeling, IL 60090

    $215,000
    1,280 sqft

    Spacious 2-bedroom condo with balcony and community amenities.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 66 Potential Opportunities for your consideration. Besides 4 Active listings in Wheeling, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 54 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multifamily Apartment Building with Balconies
    Multifamily Apartment Building with Balconies

    1875 N Green Lane N, Palatine, IL 60074

    $999,000
    0.06 AC lot

    Spacious 2- and 1-bath units with balconies, with association-managed site services and plenty of parking.

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    Six-Unit Building in Des Plaines
    Six-Unit Building in Des Plaines

    8807 Dee Road, Des Plaines, IL 60016

    $899,900
    0.18 AC lot

    Six-unit residential building in a desirable Des Plaines location.

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    Garden-Style Multifamily Building with Balconies
    Garden-Style Multifamily Building with Balconies

    1875 N Green Lane N, Palatine, IL 60074

    $999,000

    Spacious 3- and 4-bedroom-style units with balconies, supported by on-site parking and shared exterior maintenance expenses.

    View details
    Spacious 2BR Condo with Patio
    Spacious 2BR Condo with Patio

    920 Beau Drive #110, Des Plaines, IL 60016

    $192,500
    1,000 sqft

    First-floor unit with patio, new carpets, and in-unit laundry.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details

    Off-Market Properties in Wheeling, IL

    Consider similar Off-Market properties in Wheeling, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    222 Capri Ter
    GARDEN APT, COURT APT (5+ UNITS)

    222 Capri Ter, Wheeling, IL 60090-2863

    $2,760,000
    Estimated value
    0.77 AC lot
    View details
    Wheeling, IL 60090
    GARDEN APT, COURT APT (5+ UNITS)

    Wheeling, IL 60090

    Value Estimation by Request
    View details
    Wheeling, IL 60090
    GARDEN APT, COURT APT (5+ UNITS)

    Wheeling, IL 60090

    Value Estimation by Request
    View details
    305 7th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    305 7th St, Wheeling, IL 60090-2839

    $600,000
    Estimated value
    5,759 sqft · 0.34 AC lot
    View details
    60 Wolf Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    60 Wolf Rd, Wheeling, IL 60090-2974

    $885,000
    Estimated value
    3,888 sqft · 0.19 AC lot
    View details
    305 9th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    305 9th St, Wheeling, IL 60090-2743

    $645,000
    Estimated value
    5,759 sqft · 0.34 AC lot
    View details
    322 Milwaukee Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    322 Milwaukee Ave, Wheeling, IL 60090-3018

    Value Estimation by Request
    3,125 sqft · 0.31 AC lot
    View details
    199 Milwaukee Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    199 Milwaukee Ave, Wheeling, IL 60090-3013

    $540,000
    Estimated value
    2,744 sqft · 0.17 AC lot
    View details
    1212 Forums Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    1212 Forums Ct, Wheeling, IL 60090-5626

    $575,000
    Estimated value
    4,390 sqft · 0.07 AC lot
    View details
    1156 Arlington Dr
    APARTMENT HOUSE (5+ UNITS)

    1156 Arlington Dr, Wheeling, IL 60090

    Value Estimation by Request
    13.70 AC lot
    View details
    1156 Arlington Dr
    GARDEN APT, COURT APT (5+ UNITS)

    1156 Arlington Dr, Wheeling, IL 60090

    $530,000
    Estimated value
    8.04 AC lot
    View details
    1156 Arlington Dr
    APARTMENT HOUSE (5+ UNITS)

    1156 Arlington Dr, Wheeling, IL 60090

    Value Estimation by Request
    7.33 AC lot
    View details
    70 Wolf Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    70 Wolf Rd, Wheeling, IL 60090-2962

    $640,000
    Estimated value
    3,888 sqft · 0.15 AC lot
    View details
    108 Deborah Ln
    APARTMENT HOUSE (UNDER 5 UNITS)

    108 Deborah Ln, Wheeling, IL 60090-3004

    Value Estimation by Request
    2,700 sqft · 0.21 AC lot
    View details
    582 Milwaukee Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    582 Milwaukee Ave, Wheeling, IL 60090-3022

    Value Estimation by Request
    3,600 sqft · 0.44 AC lot
    View details
    517 Milwaukee Ave
    GARDEN APT, COURT APT (5+ UNITS)

    517 Milwaukee Ave, Wheeling, IL 60090-5099

    $5,180,000
    Estimated value
    0.77 AC lot
    View details
    515 Milwaukee Ave, Unit 19
    GARDEN APT, COURT APT (5+ UNITS)

    515 Milwaukee Ave, Wheeling, IL 60090-5052

    Unit 19
    $5,180,000
    Estimated value
    0.76 AC lot
    View details
    470 Foxboro Dr
    GARDEN APT, COURT APT (5+ UNITS)

    470 Foxboro Dr, Wheeling, IL 60090-6112

    $580,000
    Estimated value
    12.54 AC lot
    View details
    251 Dundee Rd
    GARDEN APT, COURT APT (5+ UNITS)

    251 Dundee Rd, Wheeling, IL 60090-3072

    $560,000
    Estimated value
    7.39 AC lot
    View details
    100 Wolf Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    100 Wolf Rd, Wheeling, IL 60090-2959

    $580,000
    Estimated value
    3,888 sqft · 0.15 AC lot
    View details

    Wheeling, IL Apartment Buildings Market Trends and Statistics

    Explore 58 apartment buildings for sale in Wheeling, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 5,906 square feet of properties for sale, with an estimated market value of $1,244,788.

    Sale prices for two-family homes in Wheeling, IL start at $180,000, averaging $414,929, and reaching up to $849,788 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 38K
    Population Growth (5Y) -0.4%
    Median Household Income $83,449
    College Educated 54.0%

    High-Yield Neighborhoods for Investment

    Identify Wheeling submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60090 $215K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Wheeling fall within the 25,000 to 50,000 square foot range.

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    Most Searched ZIP Codes in Wheeling, IL

    • 60070
    • 60090

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