$2,000,000
SOLD JAN 23, 2026
-- Bed
-- Bath
7,208 Sq Ft
13,068 Sq Ft Lot

Recently Sold

$277 Per Sq Ft

23 Days on Market

About This Home

As of January 2026

Presenting an exceptional multifamily investment opportunity in Lombard, IL. This distinguished property comprises a 7,208 SF building offering 12 units, providing a compelling investment proposition for multifamily low-rise/garden investors. Built in 1960 and strategically zoned R6, this property embodies strong potential for income generation and long-term value. Situated in the sought- after Lombard area, this property offers a combination of well- defined living spaces and a favorable zoning designation, making it a promising asset for investors seeking a lucrative addition to their portfolio in the dynamic Lombard market.

Last Agent to Sell the Property

CJ McCann

Keller Williams Premiere Properties License #475158020 Listed on: 10/14/2025

Keller Williams Premiere Properties

Co-Listed By

Timothy Coleman

10 West Real Estate Group License #471015554

Last Buyer's Agent

Frank Cincotta

RE/MAX Suburban License #475105166

RE/MAX Suburban

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,886

Year Built

  • Built in 1960

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 131x100

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 7,208 Sq Ft Home
  • 2-Story Property
  • Exterior Basement Entry

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $2,200
  • Fuel Expense $4,000
  • Insurance Expense $5,000
  • Maintenance Expense $5,000
  • Manager Expense $9,800
  • Other Expense $14,652
  • Trash Expense $2,700
  • Water Sewer Expense $3,100
  • Operating Expense $76,168
  • Gross Income $196,080
  • Net Operating Income $125,431

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,886

Year Built

Built in 1960

Lot Details

0.3 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Special Instructions
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Manager Expense: 9800
  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2700
  • Water Sewer Expenses: 3100
  • Operating Expense Includes: Maintenance Grounds,Snow Removal,Vacancy Allowance

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 131X100
  • Lot Size Sq Ft: 13068
  • Zoning: MULTI

Building Info

  • BuildingAreaTotal: 7208

Rental Info

  • Board Number: 10
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 125431
  • Fuel Expense: 4000
  • Insurance Expense: 5000
  • ElectricExpense: 2200
  • GrossIncome: 196080
  • Maintenance Expense: 5000
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 76168
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 26886
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2025
Closed on
Dec 22, 2025
Sold by
Namkung Sunny and Namkung Family Trust
Bought by
Skampa Apartments Llc
Seller's Agent
CJ McCann
Keller Williams Premiere Properties
Buyer's Agent
Frank Cincotta
RE/MAX Suburban
List Price
$2,000,000
Sold Price
$2,000,000
Views
64

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-41.81%
Original Mortgage
$1,230,000
Outstanding Balance
$1,228,824
Interest Rate
6.21%
Mortgage Type
New Conventional
Estimated Equity
$615,176

Purchase Details

Listed on
Sep 1, 2016
Closed on
Jan 9, 2017
Sold by
Phipps Hal
Bought by
Namkung Sunny and Namkung Hye Ja
Seller's Agent
Randolph Taylor
eXp Commercial, LLC
Buyer's Agent
Randolph Taylor
eXp Commercial, LLC
List Price
$895,000
Sold Price
$830,000
Premium/Discount to List
-$65,000
-7.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%
Original Mortgage
$460,000
Interest Rate
4.08%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $2,000,000 Chicago Title
Deed $830,000 Ctic
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,230,000 New Conventional
Previous Owner $460,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/23/2026 01/23/26 Sold $2,000,000 0.0% $277 / Sq Ft
11/06/2025 11/06/25 Pending -- -- --
10/14/2025 10/14/25 For Sale $2,000,000 +141.0% $277 / Sq Ft
01/10/2017 01/10/17 Sold $830,000 +105632.5% -- View Prior Sale
10/11/2016 10/11/16 Pending -- -- --
09/29/2016 09/29/16 Rented $785 0.0% --
09/23/2016 09/23/16 For Rent $785 0.0% --
09/01/2016 09/01/16 For Sale $895,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $26,886 $346,048 $78,964 $267,084
2023 $25,733 $320,000 $73,020 $246,980
2022 $26,924 $337,410 $73,020 $264,390
2021 $26,123 $329,020 $71,200 $257,820
2020 $24,799 $321,810 $69,640 $252,170
2019 $24,409 $305,960 $66,210 $239,750
2018 $24,038 $289,620 $62,670 $226,950
2017 $23,440 $275,990 $59,720 $216,270
2016 $25,613 $290,790 $56,260 $234,530
2015 $24,337 $270,900 $52,410 $218,490
2014 $23,647 $255,560 $49,440 $206,120
2013 $23,260 $259,170 $50,140 $209,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12483231

Midwest Real Estate Data (MRED)

APN: 06-08-103-001

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