106 Old Elm Road, Lindenhurst, IL 60046
Local realty services provided by:Better Homes and Gardens Real Estate Connections
106 Old Elm Road,Lindenhurst, IL 60046
$279,000
- 3.3 Acres
- Lots / Land
- Pending
Listed by: benjamin lovinger
Office: baird & warner
MLS#:12674820
Source:MLSNI
Price summary
- Price:$279,000
About this home
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....
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Home facts
- Listing ID #:12674820
- Updated:November 07, 2026 at 10:23 AM
Structure and exterior
- Lot area:3.3 Acres
Schools
- High school:Lakes Community High School
- Middle school:Joseph J Pleviak Elementary Scho
- Elementary school:B J Hooper Elementary School
Finances and disclosures
- Price:$279,000
- Tax amount:$2,257 (2025)
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 106 Old Elm Road
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