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    Vernon Hills, IL
    Residential Income

    Vernon Hills, IL Residential Income Properties for Sale

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    Long Grove, IL Mundelein, IL Buffalo Grove, IL Hawthorn Woods, IL Prairie View, IL Lincolnshire, IL Libertyville, IL Lake Forest, IL
    Two-Story Brick Quadplex
    Updated: Aug 17
    Two-Story Brick Quadplex

    625 Westmoreland Drive, Vernon Hills, IL 60061

    $774,900
    Four‑unit, two‑story brick building constructed in 1962
    Each apartment includes 2 bedrooms, 1 bathroom, and 2 dedicated parking spaces
    Separate furnace, central A/C unit, and hot water tank for every unit
    Basement provides individual storage closets plus coin‑operated washer and dryer
    Current tenancy includes 1 month‑to‑month unit, 2 units leased through May, and 1 vacant unit
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Vernon Hills, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Libertyville Multifamily De-Conversion Opportunity
    Libertyville Multifamily De-Conversion Opportunity

    375 West Winchester Road, Libertyville, IL 60048

    $5,200,000
    3,100 sqft

    32-unit multifamily property in Libertyville, Illinois, near I-94.

    View details
    Brick Multifamily Building with Balconies
    Brick Multifamily Building with Balconies

    1875 N Green Lane N, Palatine, IL 60074

    $999,000
    0.06 AC lot

    Brick apartment building on a small lot, built in 1985, with balcony units and ample on-site parking.

    View details
    Mixed-Use Retail and Office Building
    Mixed-Use Retail and Office Building

    602-610 N Milwaukee Ave, Libertyville, IL 60048

    Contact for pricing

    Nine mixed-use units include retail, office, and 1BR/1BA apartments, all currently occupied.

    View details
    Garden-Style Multifamily Building with Balconies
    Garden-Style Multifamily Building with Balconies

    1875 N Green Lane N, Palatine, IL 60074

    Contact for pricing

    Spacious 3- and 4-bedroom-style units with balconies, supported by on-site parking and shared exterior maintenance expenses.

    View details

    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.

    Residential Land with Development Potential
    Residential Land with Development Potential

    21763 N Deerpath Road, Lake Zurich, IL 60047

    $799,900

    Land with two homes, potential for single-family home subdivision.

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    Wooded Lot Near Forest Preserve
    Wooded Lot Near Forest Preserve

    1309 W Dundee Road, Palatine, IL 60074

    $150,000
    0.39 AC lot

    Residential land for building a single-family home.

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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.

    View details
    Bang's Lake Waterfront Lot
    Bang's Lake Waterfront Lot

    818 Sheridan Drive, Wauconda, IL 60084

    $59,000
    0.12 AC lot

    Buildable waterfront lot with lake access for year-round enjoyment.

    View details

    Vernon Hills, IL Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Vernon Hills, IL on our real estate platform.

    Sale prices for residential income properties in Vernon Hills, IL average $774,900 — 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

    Multifamily properties 2
    Apartment buildings 1
    Quadplexes 1

    Demographics Overview

    Population 28K
    Population Growth (5Y) +3.3%
    Median Household Income $121,588
    College Educated 97.4%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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