121 S Addison Rd Addison, IL 60101
Addison AreaEstimated payment $3,165/month
About This Home
Whether you're an investor seeking reliable rental income or an owner-occupant, this well-maintained two-flat offers excellent potential. Both units are currently occupied by long-term tenants, providing immediate income from day one. The property has been updated and cared for over the years, while the full unfinished basement presents valuable potential for additional storage, a workshop, or future improvements. The spacious backyard offers a comfortable outdoor area for tenants to enjoy, and the lot provides room for a possible future garage. Ideally located near major expressways, schools, shopping, dining, and everyday conveniences, this Addison property combines location, flexibility, and income potential. Don't miss this outstanding opportunity to own a versatile two-unit building in a highly sought-after area!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,947
Year Built
- Built in 1956
Lot Details
- Lot Dimensions are 49x144
Home Design
- Block Foundation
- Frame Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Parking
- 4 Parking Spaces
- Parking Available
- Driveway
- Parking Included in Price
Schools
- Indian Trail Junior High School
- Addison Trail High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Cable TV Available
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,500
- Trash Expense $900
- Water Sewer Expense $900
- Gross Income $31,200
- Net Operating Income $27,900
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,947 | $112,750 | $45,100 | $67,650 |
| 2023 | $7,630 | $103,650 | $41,460 | $62,190 |
| 2022 | $6,957 | $94,460 | $37,780 | $56,680 |
| 2021 | $6,683 | $90,480 | $36,190 | $54,290 |
| 2020 | $6,518 | $86,660 | $34,660 | $52,000 |
| 2019 | $6,489 | $83,330 | $33,330 | $50,000 |
| 2018 | $5,245 | $64,610 | $25,850 | $38,760 |
| 2017 | $5,126 | $61,750 | $24,710 | $37,040 |
| 2016 | $5,018 | $57,010 | $22,810 | $34,200 |
| 2015 | $4,923 | $52,660 | $21,070 | $31,590 |
| 2014 | $4,326 | $45,980 | $11,500 | $34,480 |
| 2013 | $4,230 | $46,910 | $11,730 | $35,180 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/17/2026 09/17/26 | For Sale | $440,000 | +147.2% | -- | |
| 11/07/2016 11/07/16 | Sold | $178,000 | -4.8% | -- | View Prior Sale |
| 10/08/2016 10/08/16 | Pending | -- | -- | -- | |
| 10/04/2016 10/04/16 | For Sale | $187,000 | 0.0% | -- | |
| 09/09/2016 09/09/16 | Pending | -- | -- | -- | |
| 08/10/2016 08/10/16 | Price Changed | $187,000 | -1.0% | -- | |
| 07/23/2016 07/23/16 | For Sale | $188,800 | 0.0% | -- | |
| 05/17/2016 05/17/16 | Pending | -- | -- | -- | |
| 05/15/2016 05/15/16 | For Sale | $188,800 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $178,000 | C T I C Dupage | |
| Interfamily Deed Transfer | -- | National Title Solutions Inc | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $133,500 | Commercial | |
| Previous Owner | $134,200 | Commercial | |
| Previous Owner | $142,000 | Commercial | |
| Previous Owner | $110,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12762396
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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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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