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Apartment Building For Sale
For Sale
$1,699,000

237 E Prospect Avenue, Mount Prospect, IL 60056

For-sale apartment building at 237 E Prospect Avenue in Mount Prospect, Cook County, Illinois.

Property Size14,000 SF
Days on Market54

Property Features for 237 E Prospect Avenue

General Information

Standard status Active
Size 14,000 SF
Zoning INDUS

Taxes and HOA fees

Annual Taxes $64,497

Amenities

Central Air

Building Details

Building Size 14,000 SF
Year Built 1962
Stories 1
Listed By: Minet Arreola
Source: Evrealestate
Added: Jul 14 Changed: Aug 28 Last Checked: Sep 4 at 5:03AM

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 Minet Arreola

Investment Insights

Based on property information with market context.

This for-sale apartment building is located at 237 E Prospect Avenue in Mount Prospect, Illinois, in Cook County.

Access directions provided for the property are: pass the intersection of S Main St and US-14, turn right onto S Emerson St, then left onto E Prospect Ave, with the building on the right after passing S Elm St.

The offering is categorized as an apartment building / multifamily property, suitable for buyers evaluating residential income real estate.

Key Highlights

  • Apartment building for sale at 237 E Prospect Avenue in Mount Prospect, Cook County, Illinois
  • Built in 1962
  • Central air cooling

Property Analytics

Current Use

P M Armor ... Industrial Manufacturer AAU/USA Karate Industrial Manufacturer

Suggested Use

Top Pick Restaurant Auto Repair Shop Real Estate Agency Big Box & Wholesale Store Hair Salon Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

979
Businesses Nearby

Demographics for 60056, IL

57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - For-sale apartment building at 237 E Prospect Avenue in Mount Prospect, Cook County, Illinois.
Where is this apartment building located?
The property is located at 237 E Prospect Avenue Mount Prospect, IL.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Apartment building for sale at 237 E Prospect Avenue in Mount Prospect, Cook County, Illinois; Built in 1962; Central air cooling
More about this property
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