Residential Income

Prospect Heights, IL Residential Income Properties for Sale

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Mount Prospect, IL Arlington Heights, IL Buffalo Grove, IL Des Plaines, IL Palatine, IL Glenview, IL Arlington Hts, IL Rolling Meadows, IL
Industrial Land with 260-Foot Frontage
Updated: Jun 2, 2025
Industrial Land with 260-Foot Frontage

1033 S Wheeling Road, Wheeling, IL 60090

$750,000
0.98 AC lot
Nearly 1‑acre industrial land with 260 ft of frontage on Wheeling Road
I‑1 zoning on a 260 x 164 lot
Small home on site with a full basement and basement in the room list
2‑car garage plus 1 storage building on the property
Construction materials listed as block and vinyl siding
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6-Unit Apartment Building
Updated: May 29
6-Unit Apartment Building

655 Piper Lane, Prospect Heights, IL 60070

$725,000
Six‑unit apartment building constructed in 1972
12 on‑site parking spots
Laundry facility included
Tenants reported in place for 10+ years
655 Piper Lane, Prospect Heights, IL 60070
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Updated Duplex in Desirable Location
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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See what stands out in Cook County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in
NOI available after sign in
Local Demand available after sign in
Sandpebble Walk Condo with Balcony
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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6-Unit Apartment Building
6-Unit Apartment Building

512 Piper Lane, Prospect Heights, IL 60070

Contact for pricing

Updated unit interiors and assigned resident parking support a straightforward multifamily configuration.

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Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 5 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.

Updated Six-Unit Apartment Building
Updated Six-Unit Apartment Building

3683 SALEM WALK, Northbrook, IL 60062

$1,299,000

Multifamily property with renovated interiors, open kitchen layouts, and recent building-system improvements.

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Updated Duplex with Private Deck
Updated Duplex with Private Deck

1000 E Ardyce Ln, Mount Prospect, IL 60056

$735,000

Two residential units offer separate utilities, laundry areas, finished lower-level space, and access to a fenced backyard.

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Residential Income Property with Balconies
Residential Income Property with Balconies

1621 Mission Hills Road #N201, Northbrook, IL 60062

$650,000

Updated end-unit residence in a gated community with extensive improvements, private outdoor space, and comprehensive community services.

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Brick Duplex with Attached Garage
Brick Duplex with Attached Garage

301 N Catino Court, Mount Prospect, IL 60056

$599,900

Two separately metered residences support owner-occupant, multigenerational, or rental use.

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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.

Prime Glenview Lot Opportunity
Prime Glenview Lot Opportunity

3800 Kiess Drive, Glenview, IL 60026

$324,900
0.37 AC lot

Expansive 1/3 acre lot in desirable Glenview neighborhood.

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Palatine Land Near Train Station
Palatine Land Near Train Station

628 S WILKE Road, Palatine, IL 60074

$465,000
1.00 AC lot

Two buildable lots near train, expressways, airport, and shopping.

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Des Plaines Land For Sale
Des Plaines Land For Sale

1596 Oxford Road, Des Plaines, IL 60018

$850,000
0.69 AC lot

Land available in Des Plaines, Illinois.

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Vacant Lot in Morton Grove
Vacant Lot in Morton Grove

9216 Ozark Avenue, Morton Grove, IL 60053

$289,900

Vacant lot for new construction in desirable Morton Grove.

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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.

1509 Wolf Rd
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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1509 Wolf Rd
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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3935 Albany Ave
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 Residential Income Properties Market Trends and Statistics

Explore 8 residential income properties for sale in Prospect Heights, IL, showcased through 5 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 $2,070,000.

Sale prices for residential income properties in Prospect Heights, IL start at $215,000, averaging $517,500, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 2
Multifamily properties 2

Demographics Overview

Population 16K
Population Growth (5Y) -3.1%
Median Household Income $91,210
College Educated 48.4%

High-Yield Neighborhoods for Investment

Identify Prospect Heights submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
60070 $725K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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