Duplex with Lower-Level Living
For Sale
$422,900
1424 DERBY Lane, Mundelein, IL 60060
A 3-bedroom, 3.5-bath layout includes a private patio, fenced yard, and attached garage.
Property Size1,892 SF
Price / SF$223.52
Days on Market33
Property Features for 1424 DERBY Lane
General Information
Standard status
Active
Size
1,892 SF
Total Parking Spaces
2
Property subtype
1/2 Duplex
Taxes and HOA fees
Annual Taxes
$10,238
Amenities
wood-burning fireplace
private patio
fenced yard
finished basement
Building Details
Building Size
1,892 SF
Year Built
1994
Listing Agency:
Keller Williams North Shore West
(847) 730-4203
Listed By:
Olga Caraus
Source:
Premier-relocation
Added: Sep 30
Changed: Oct 31
Last Checked: Oct 31 at 3:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams North Shore West
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex was built in 1994 and offers three bedrooms and 3.5 bathrooms. The main level has an open arrangement connecting the kitchen and dining area, with a double-sided wood-burning fireplace. A finished lower level adds flexible indoor space, while second-floor laundry and a walk-in closet are also included.
Outside, the property has a private patio, fenced yard, and attached 2-car garage. No HOA fees are reported. Parks, schools, shopping, and everyday amenities are nearby.
Outside, the property has a private patio, fenced yard, and attached 2-car garage. No HOA fees are reported. Parks, schools, shopping, and everyday amenities are nearby.
Key Highlights
- Duplex with 3 bedrooms and 3.5 bathrooms
- Built in 1994
- Finished lower‑level space and second‑floor laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,351
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,020
$467.0K
Cap Rate 7%
$333,586
$333.6K
Cap Rate 9%
$259,456
$259.5K
Market Conditions
NOI Build-Up for 1,892 SF
Gross rent
$45.4K $24.00/SF
− Vacancy
−$3.0K −$1.56/SF
EGI
$42.5K $22.44/SF
− OpEx
−$19.1K −$10.10/SF
NOI
$23.4K $12.34/SF
Area
Lake County, IL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,020
Cap Rate 7%
$333,586
Cap Rate 9%
$259,456
Alternative Uses
Best Use
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,351 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,725 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 60060, IL
37,599
Population
13,827
Households
2.7
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
23.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$110,463
Median Household Income
$52,550
Median Earnings
$1,552
Median Rent
$299,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A 3-bedroom, 3.5-bath layout includes a private patio, fenced yard, and attached garage.
Where is this residential income property located?
The property is located at 1424 DERBY Lane Mundelein, IL.
What is the asking price?
The asking price for this property is $422,900.
What are key features of this property?
This property features: Duplex with 3 bedrooms and 3.5 bathrooms; Built in 1994; Finished lower‑level space and second‑floor laundry
