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Updated Four-Unit Apartment Building
For Sale
$470,000

374 Lynn Drive, Manteno, IL 60950

Brick-and-vinyl multifamily property with refreshed interiors, rear parking, and full occupancy.

Property SizeContact for details
Days on Market29

Property Features for 374 Lynn Drive

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Gross Income $54,000
Multifamily Units 4

Amenities

off street parking
Electric
Asphalt

Building Details

Year Built 1972
Year Renovated 2025
Buildings 1
Construction brick and vinyl
Listing Agency: Berkshire Hathaway HomeServices Speckman Realty
Listed By: Lisa Sanford · License #471002971
Source: Kw
Added: Aug 4 Changed: Aug 31 Last Checked: Aug 4 at 4:37AM

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 Berkshire Hathaway HomeServices Speckman Realty

Investment Insights

Based on property information with market context.

This four-unit apartment property, built in 1972, combines brick and vinyl exterior construction with residential income-producing space. Three apartments received interior updates, including LVP flooring, kitchen cabinetry, bathroom vanities, and appliances. The building also includes electric interior features and asphalt improvements, with off-street parking positioned behind the property.

Located at 374 Lynn Drive in Manteno, Illinois, the property is fully leased across all four units. Capital improvements include extensive remodeling completed in 2025, along with a replacement roof and most windows replaced in 2024. The unit configuration may also support an owner-occupant arrangement with the remaining apartments leased, subject to applicable requirements.

Key Highlights

  • Four‑unit apartment building at 374 Lynn Drive, Manteno, IL 60950
  • All 4 units are rented
  • Three units updated with LVP flooring, kitchen cabinets, vanities, and new appliances

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby

Demographics for 60950, IL

11,996
Population
5,243
Households
2.3
Avg Household Size
44
Median Age
22%
College-Educated
94%
High-School Grad
76.6 sq mi
ZIP Area
157
Density / Sq Mi
$87,848
Median Household Income
$54,034
Median Earnings
$1,008
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick-and-vinyl multifamily property with refreshed interiors, rear parking, and full occupancy.
Where is this quadplex located?
The property is located at 374 Lynn Drive Manteno, IL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Four‑unit apartment building at 374 Lynn Drive, Manteno, IL 60950; All 4 units are rented; Three units updated with LVP flooring, kitchen cabinets, vanities, and new appliances
More about this property
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