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Four-Unit Quadplex with Rental Income
New
For Sale
$161,000

1801 Glenn Dr, North Chicago, IL 60064

North Chicago multifamily property with two leased units and additional space requiring resolution of cited occupancy issues.

Property SizeContact for details
Days on Market7

Property Features for 1801 Glenn Dr

General Information

Standard status Active
Property subtype Residential Income

Property Condition

Severity Major Repairs Needed
Evidence Basement requires structural repairs

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $7,425
Listing Agency: Dillon Realty LLC
Listed By: Kathryn Daniel · License #471019832
Source: Exprealty
Added: Aug 25 Changed: Aug 31 Last Checked: Aug 30 at 3:32PM

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 Dillon Realty LLC

Investment Insights

Based on property information with market context.

Built in 1922, this North Chicago quadplex contains four residential units across ground-floor and upper-floor levels. Two ground-floor units are leased, with tenants paying electric directly and other utilities billed back through RUBS. The property is zoned MULTI and is being offered as-is.

The two upper units are not approved for residential occupancy because of a city-cited ceiling height variance. The basement also needs structural repairs, creating important physical and regulatory considerations for a purchaser. The property is located at 1801 Glenn Drive in North Chicago, Illinois.

Key Highlights

  • Four‑unit multifamily property built in 1922
  • Two ground‑floor units currently leased
  • Tenants pay electric directly; other utilities billed back through RUBS

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Skin Care Clinic Nail Salon Hair Salon

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

471
Businesses Nearby

Demographics for 60064, IL

15,206
Population
5,801
Households
2.6
Avg Household Size
31
Median Age
15%
College-Educated
72%
High-School Grad
5.3 sq mi
ZIP Area
2,869
Density / Sq Mi
$49,256
Median Household Income
$28,868
Median Earnings
$1,069
Median Rent
$139,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - North Chicago multifamily property with two leased units and additional space requiring resolution of cited occupancy issues.
Where is this quadplex located?
The property is located at 1801 Glenn Dr North Chicago, IL.
What is the asking price?
The asking price for this property is $161,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1922; Two ground‑floor units currently leased; Tenants pay electric directly; other utilities billed back through RUBS
More about this property
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