Prospect Heights, IL Multifamily properties for sale

Updated: Aug 26, 2025

Sandpebble Walk Condo with Balcony

1550 Sandpebble Drive #307, Wheeling, IL 60090

$215,000

1,280 sqft

Enjoy community amenities including tennis courts, outdoor pool, clubhouse, playground, party room, and scenic bike/walking trails.
Convenient location: close to grocery stores, shopping, dining, and easy access to I‑294 and I‑290.
Spacious 2‑bedroom, 2‑bathroom unit with a private balcony.
Eat‑in kitchen features stainless steel appliances and a pantry.
Well‑maintained elevator building with laundry room, bike room, and additional storage.

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This listing looks promising.

Here's a quick look at some key insights for

1550 Sandpebble Drive #307, Wheeling, IL 60090,

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Est. Cap Rate

6.9%
Above avg (5.9%)
Est. NOI

$15K
Annual
Price @ 7% Cap

$212K
Suggested

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Updated: May 29

6-Unit Apartment Building with Laundry

655 Piper Lane, Prospect Heights, IL 60070

$725,000

6‑unit apartment building
Laundry on site
12 parking spots
Built in 1972
Stable long‑term tenants in place for 10+ years

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Updated Duplex in Desirable Location

1426 Chippewa Trail, Wheeling, IL 60090

$380,000

1,984 sqft

Spacious, updated 4-bedroom duplex with modern amenities and convenient location.

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Six-Unit Residential Income Building

612 N Piper Ln, Prospect Heights, IL 60070

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Well-maintained six-unit building is fully rented with recently remodeled bathrooms and a roof and gutters under one year old.

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All-Brick Six-Unit Multifamily Building

269 7th Street, Wheeling, IL 60090

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All-brick six-unit building with three 2-bedroom and three 1-bedroom units, all currently occupied.

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Income-Generating Multifamily with Parking

300 7th St, Wheeling, IL 60090

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Well-maintained, fully occupied multifamily property with 12+ parking spaces and straightforward utility expense structure.

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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Prospect Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Duplex with Attached Garage

301 N Catino Court, Mount Prospect, IL 60056

$599,900

Two-unit property with separate utility metering, private entrances, outdoor areas, and resident parking.

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Glenview Two-Bedroom Condo for Sale

625 Quincy Bridge Lane #301, Glenview, IL 60025

$195,000

Two-bedroom condo in Glenview with investment potential and convenient location.

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Updated 6-Unit Apartment Building

10479 N Dearlove Rd, Glenview, IL 60025

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Six 2-bed, 1-bath units with multiple recent remodels, new windows and balcony doors, and updated interior finishes.

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Two-Unit Residential Income Property

1006 E Callero Cir, Mount Prospect, IL 60056

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Two units each feature two bedrooms, a full bath, and an eat-in kitchen, with separate laundry and utilities.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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Off-Market Properties in Prospect Heights, IL

Consider similar Off-Market properties in Prospect Heights, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

GARDEN APT, COURT APT (5+ UNITS)

1509 Wolf Rd, Prospect Heights, IL 60070

$530,000

Estimated value

6.46 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1509 Wolf Rd, Prospect Heights, IL 60070

$425,000

Estimated value

1.93 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3935 Albany Ave, Prospect Heights, IL 60070

$320,000

Estimated value

2,352 sqft 0.07 AC lot

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Prospect Heights, IL Multifamily Properties Market Trends and Statistics

Explore 9 multifamily properties for sale in Prospect Heights, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 3,264 square feet of properties for sale, with an estimated market value of $1,320,000.

Sale prices for multifamily properties in Prospect Heights, IL start at $215,000, averaging $440,000, and reaching up to $725,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
60070	$725K

Neighborhood

Average Price

60070

$725K