Prospect Heights, IL Multifamily properties for sale

Updated: Aug 25, 2025

Spacious Condo in Lake Run

16 E Old Willow Road #202S, Prospect Heights, IL 60070

$180,000

1,250 sqft

Oversized 2‑bed, 2‑bath unit offering ample living space.
Lake Run community with indoor/outdoor pool and sports courts.
Large primary suite with private bath.
Private balcony accessible from the family room.
Galley kitchen with designated eating area, plenty of storage and counter space.

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This listing looks promising.

Here's a quick look at some key insights for

16 E Old Willow Road #202S, Prospect Heights, IL 60070

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Est. Cap Rate

8.1%
Above avg (5.9%)
Est. NOI

$15K
Annual
Price @ 7% Cap

$207K
Above asking
Property Type

Condominium
Built 1967

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Updated: May 29

Prospect Heights Multifamily Investment Property

655 Piper Lane, Prospect Heights, IL 60070

$725,000

6‑unit investment property built in 1972
Includes 12 parking spots
Laundry included
Rooms include multiple bedrooms and bathrooms across the units (Bedroom 1–9 and Bathroom 1–6)

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Prospect Heights Multifamily Investment Opportunity

512 Piper Lane, Prospect Heights, IL 60070

$849,788

3,376 sqft

Multifamily property in Prospect Heights, IL, ideal for investors.

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Sandpebble Walk Condo with Balcony

1550 Sandpebble Drive #307, Wheeling, IL 60090

$215,000

1,280 sqft

Spacious 2-bedroom condo with balcony and community amenities.

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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 4 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 4 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.

Six-Unit Building in Des Plaines

8807 Dee Road, Des Plaines, IL 60016

$899,900

0.18 AC lot

Six-unit residential building in a desirable Des Plaines location.

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Northbrook Multifamily Investment Opportunity

3404 Salem walk, Northbrook, IL 60062

$1,250,000

Well-maintained 6-unit building in prime Northbrook location.

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Spacious 2BR Condo with Patio

920 Beau Drive #110, Des Plaines, IL 60016

$192,500

1,000 sqft

First-floor unit with patio, new carpets, and in-unit laundry.

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Mixed-Use Property with Diversified Income

1310 Shermer Rd, Northbrook, IL 60062

Contact for pricing

57,456 sqft

57,456 SF mixed-use property with long-term tenants.

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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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University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Recreational Land Bordering National Forest

V/L E Kissing Oaks Trail, Custer, MI 49405

$39,900

0.96 AC lot

RV recreational lot bordering Manistee National Forest.

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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

Value Estimation by Request

1.93 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3935 Albany Ave, Prospect Heights, IL 60070

Value Estimation by Request

2,352 sqft · 0.07 AC lot

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Prospect Heights, IL Multifamily Properties Market Trends and Statistics

Explore 7 multifamily properties for sale in Prospect Heights, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 5,906 square feet of properties for sale, with an estimated market value of $1,244,788.

Sale prices for multifamily properties in Prospect Heights, IL start at $180,000, averaging $414,929, and reaching up to $849,788 — 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	$584.9K

Neighborhood

Average Price

60070

$584.9K

Prospect Heights, IL Multifamily Properties for Sale

16 E Old Willow Road #202S, Prospect Heights, IL 60070

655 Piper Lane, Prospect Heights, IL 60070

512 Piper Lane, Prospect Heights, IL 60070

1550 Sandpebble Drive #307, Wheeling, IL 60090