Building Details

Owner Occupied No

Listing Agency: Century 21 Integra f***@gmail.com Show Phone

Listed By: Kelly Vance · License #475182834 Show Phone

Source: Exprealty

Added: Sep 11 Changed: Sep 24 Last Checked: Sep 26 at 9:34AM

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Investment Insights

Based on property information with market context.

This four-unit property has all residences occupied under leases that run through 2027. An attached garage is part of the building, and the property is zoned Business. The building previously served as a professional office.

The property occupies a corner at Route 176 and Midway Road, also identified as Roberts Road, in Island Lake. Residential occupancy and the existing zoning provide two distinct aspects of the property's current configuration.

Key Highlights

• Four residential units, all occupied under leases extending through 2027
• Business zoning
• Attached garage

Property Analytics

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Current Use

Lakeland Dental Dental Office Dr. Amritvir K. ... Dental Office Bonnie Macfarlane, P.C. Law Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Building Supply Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

250

Businesses Nearby

Explore this area Business Placement

Demographics for 60042, IL

8,433

Population

3,263

Households

2.6

Avg Household Size

41

Median Age

27%

College-Educated

91%

High-School Grad

4.6 sq mi

ZIP Area

1,833

Density / Sq Mi

$94,613

Median Household Income

$46,306

Median Earnings

$1,826

Median Rent

$244,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four occupied residences provide lease income through 2027, with Business zoning and an attached garage.

Where is this quadplex located?

The property is located at 106 W State Rd Island Lake, IL.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Four residential units, all occupied under leases extending through 2027; Business zoning; Attached garage