126 W Maple Ave 6 Unit Block of Flats £1,145,718 (£190,953/Unit) 6.17% Net Initial Yield Mundelein, IL 60060

Property Type: Multifamily Apartment Building
Building Size: 8,424 SF (per Remine)
Parking: 30 Spaces
Units: 6 Rental Units
Asking Price: $1,465,000
Net Operating Income (NOI): $90,427
Cap Rate: 6.17%
Lot Size: 32,513 SF / 0.7464 Acres
Zoning: C-5-C (Corridor District)
Construction: All-brick exterior, new windows
Location: Centrally positioned in downtown Mundelein, amidst substantial residential and commercial development
This turnkey investment a prime opportunity for an investor seeking a stable and strong return in a growing community that generates $129,000 in annual gross rental income, with low annual expenses of $38,573, resulting in a strong net operating income (NOI) of $90,427. The building is priced at $1,465,000, offering an attractive 6.17% CAP rate, with significant future appreciation potential in a growing market.
A rare opportunity to acquire a high-performing, 6-unit multifamily apartment building in the heart of Mundelein, IL. This all-brick property sits on a large lot of 32,513 SF (.7464 acres) and has undergone substantial renovations, ensuring low maintenance and high cash flow. Four of the six rental units were newly built out in 2024, featuring brand-new HVAC, plumbing, appliances, flooring, kitchens, and bathrooms. The two upper-floor units remain in excellent condition with long-term tenants, ensuring stable cash flow.
This 6-unit multifamily property presents an ideal low-risk, high-yield investment with modernized units, long-term tenants, and strong rental income. Positioned in an area with massive economic growth, this asset offers both immediate cash flow and future appreciation potential.
- 100% Occupancy & Strong Lease-Up
- High NOI of $90,427
- Turnkey, Low-Maintenance Asset
- Zoning Flexibility for Future Value-Add Potential
ASKING PRICE: $1,465,000
CAP RATE: 6.17%