Contact us: 563.441.1776
Description
Exceptional multifamily development opportunity in the heart of Lindenhurst. Offered together, 104, 106, and 108 Old Elm Road represent one of the few remaining infill development sites in the Village zoned R-3, allowing for higher-density residential development in an established neighborhood setting. With housing demand continuing to outpace supply throughout Lake County, this approximately 3-acre site presents a rare opportunity to develop a proposed 24-unit multifamily community in a market with strong fundamentals, limited new inventory, and increasing demand for quality rental housing. The property's zoning, location, and surrounding infrastructure position it as a compelling investment for developers seeking a project with significant upside and a straightforward path to meeting local housing needs. Situated among established residential neighborhoods, the site benefits from existing utilities, convenient access to shopping, dining, employment centers, and major transportation routes. Residents will enjoy proximity to Lakes Community High School, a district recognized throughout the region for its educational offerings and community support. Lindenhurst continues to attract residents seeking an exceptional quality of life, supported by a highly regarded Park District, numerous community parks, recreation programs, and year-round events. The property is also located near the Chain O'Lakes recreational area, Hastings Lake, and thousands of acres of Lake County Forest Preserves offering boating, fishing, hiking, biking, and outdoor recreation opportunities that enhance long-term residential demand. As one of the last remaining multifamily development sites within the Village, this property offers a unique combination of zoning entitlement, location, and market demand. Whether developed as a 24-unit apartment community or another permitted residential product, the site represents a rare opportunity to add much-needed housing in a desirable Lake County location with strong demographic and economic drivers.
Property Highlights
Property Type: Land - Residential
Total Acres: 3.30 Acres
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
General Information
County: Lake
High School: Lakes Community High School
Listed By:
Baird & Warner
847-367-1855
MRED MLS
MLS ID: 12674820
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106 Old Elm Road, Lindenhurst, IL 60046.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $279,000 | $279,000 | $279,000 |
| Down Payment | $55,800 | $9,765 | $69,750 |
| Monthly Mortgage Amount | $1,356 | $1,665 | $1,724 |
| Taxes | $388 | $388 | $388 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $123 | $0 |
| Monthly Estimated Total | $1,844 | $2,276 | $2,212 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/03/2026. The listing information on this page last changed on 07/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/03/2026 12:05:21 AM EST) or MRED MLS (last updated Thu 07/02/2026 11:58:35 PM EST) or SCWMLS (last updated Thu 07/02/2026 11:54:49 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 07/02/2026 10:15:40 PM EST) or Cedar Rapids MLS (last updated Thu 07/02/2026 10:44:28 PM EST) or NEIRBR MLS (last updated Thu 07/02/2026 11:58:54 PM EST) or ICAAR MLS (last updated Thu 07/02/2026 11:37:42 PM EST) or ECIMLS (last updated Thu 07/02/2026 11:44:26 PM EST) or RMLSA (last updated Fri 07/03/2026 12:01:10 AM EST) or Muscatine MLS (last updated Fri 07/03/2026 12:00:22 AM EST) or No Coast MLS (last updated Fri 07/03/2026 12:04:33 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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