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Land · Lindenhurst, IL
$279,000
beds · baths
106 Old Elm Road, Lindenhurst, IL, 60046
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What’s special

3.30-acre lot
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.
— the listing agent’s description

The home

3.30-acre lot
Land

What it’ll cost

$2,257 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$1,752/mo
Principal & interest$1,483
Property taxes$188
Homeowners insurance$81
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
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7 days on dwello
Price history
Listed for sale
Jun 12, 2026
$279,000
Property taxes
2025
Annual tax bill (MLS)
$2,257/yr
From county records — verify with the assessor.

Schools

Elementary — B J Hooper Elementary School
Middle — Joseph J Pleviak Elementary Scho
High — Lakes Community High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Benjamin Lovinger · Baird & Warner
Listing last updated Jun 18, 2026 · data refreshed from the MLS Jun 18, 2026, 5:09 AM CT
Based on information submitted to the MLS GRID as of Jun 18, 2026, 5:09 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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