RENTED DEC 22, 2025

Lake Run Condominium 16 E Old Willow Rd Unit 516S Prospect Heights, IL 60070

Forest River Neighborhood

Estimated Value: $137,000 - $185,000

1 Bed
1 Bath
-- Sq Ft
1965 Built

Last Sold September 02, 2021

Last sale price $97,000

Est. 68% increase in value since last sale

Current estimated payment $1,149/month

Highlights

  • In Ground Pool
  • Lock-and-Leave Community
  • Tennis Courts
  • Wheeling High School Rated A
  • Clubhouse
  • Elevator

About This Home

As of December 2025

Lovely Lake Run 1 bedroom, 1 bath condo with balcony overlooking the pond & tennis courts in an full amenity elevator building. Coin Laundry & storage in basement. Heat, water and refuse included. Tennis courts, pools, party room, playground, green space galore! Available 12-1-25.

Last Agent to Rent the Property

Bridget Fritz

@properties Christie's International Real Estate License #475122288 Listed on: 10/15/2025

@properties Christie's International Real Estate

Last Renter's Agent

Bridget Fritz

@properties Christie's International Real Estate License #475122288 Listed on: 10/15/2025

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Home Design

  • Property Attached
  • Entry on the 5th floor
  • Brick Exterior Construction

Interior Spaces

  • Window Screens
  • Family Room
  • Combination Dining and Living Room
  • Carpet
  • Range
  • Laundry Room
  • Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Property Available on 12/1/25
  • Rent includes heat, water, pool, exterior maintenance, lawn care, storage lockers, snow removal

Community Details

Overview

  • 176 Units
  • Mary Association, Phone Number (847) 757-7171
  • Lake Run Subdivision
  • Property managed by Mperial
  • Lock-and-Leave Community
  • 5-Story Property

Amenities

  • Clubhouse
  • Party Room
  • Coin Laundry
  • Elevator
  • Community Storage Space

Recreation

  • Park
  • Bike Trail

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0 Sq Ft Lot

Rental Info

  • Available Date: 2025-12-01
  • Board Number: 2
  • Pets Allowed (Y/N): No
  • Rental Price: 1625

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • EntryLevel: 5
  • Property Attached: Yes
  • Subdivision Name: Lake Run
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Rented
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Room Type: No additional rooms
  • Stories Total: 5
  • Window Features: Screens
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Pool Features: In Ground
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Storage, On Site Manager/Engineer, Park, Party Room, Indoor Pool, Pool, Security Door Lock(s), Tennis Court(s), Clubhouse, In Ground Pool
  • Rent Includes: Heat, Water, Pool, Exterior Maintenance, Lawn Care, Storage Lockers, Snow Removal
  • Management Company: Mperial
  • Management Contact Name: Mary
  • Management Phone: 847-757-7171

Lot Info

  • Lot Dimensions: INTEGRAL

Multi Family

  • Units in Building: 176

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2021
Closed on
Aug 30, 2021
Sold by
Kambanis John B and John B Kambanis Revocable Trus
Bought by
Diego Properties Inc
Seller's Agent
Becky Toulon
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Bridget Fritz
@properties Christie's International Real Estate
List Price
$115,000
Sold Price
$97,000
Premium/Discount to List
-$18,000
-15.65%
Current Estimated Value
$162,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,875
Avg. Annual Appreciation
12.09%

Purchase Details

Closed on
Mar 4, 2010
Sold by
Kambanis John B and Kambanis Mary
Bought by
Kambanis John B and John B Kambanis Revocable Trust

Purchase Details

Closed on
Nov 22, 1999
Sold by
Cole Taylor Bank
Bought by
Kambanis John B and Kambanis Mary
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Diego Properties Inc $97,000 Chicago Title
Kambanis John B -- Chicago Title Insurance Co
Kambanis John B -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2025 12/22/25 Rented $1,625 0.0% --
11/24/2025 11/24/25 Price Changed $1,625 -3.8% --
10/28/2025 10/28/25 Price Changed $1,690 -3.4% --
10/15/2025 10/15/25 For Rent $1,750 +12.9% --
12/17/2024 12/17/24 Rented $1,550 -6.1% --
12/10/2024 12/10/24 For Rent $1,650 0.0% --
09/02/2021 09/02/21 Sold $97,000 -15.7% -- View Prior Sale
09/01/2021 09/01/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $115,000 -- --
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
2025 $3,502 $13,601 $1,971 $11,630
2024 $3,502 $10,308 $788 $9,520
2023 $3,279 $10,308 $788 $9,520
2022 $3,279 $10,308 $788 $9,520
2021 $2,557 $6,933 $246 $6,687
2020 $2,480 $6,933 $246 $6,687
2019 $2,511 $7,760 $246 $7,514
2018 $2,103 $5,850 $197 $5,653
2017 $2,065 $5,850 $197 $5,653
2016 $1,942 $5,850 $197 $5,653
2015 $1,678 $4,673 $394 $4,279
2014 $1,636 $4,673 $394 $4,279
2013 $1,522 $4,673 $394 $4,279
Source: Public Records

Agents Affiliated with this Home

  • Bridget Fritz

    Landlord's Agent in 2025

    Bridget Fritz

    @ Properties

    (847) 331-0456

    4 in this area

    84 Total Sales

    Bridget Fritz
    Section Image
  • Rusen Rusev

    Buyer's Agent in 2024

    Rusen Rusev

    Runway Realty Inc

    (847) 507-0663

    3 in this area

    166 Total Sales

    Rusen Rusev
    Section Image
  • Becky Toulon

    Seller's Agent in 2021

    Becky Toulon

    Berkshire Hathaway HomeServices Starck Real Estate

    (847) 691-6135

    1 in this area

    62 Total Sales

    Becky Toulon
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Joseph Kumon

    Berkshire Hathaway HomeServices Starck Real Estate

    (224) 725-0550

    1 in this area

    50 Total Sales

    Joseph Kumon
    Section Image
See All Agents

About Lake Run Condominium

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12489633

Midwest Real Estate Data (MRED)

APN: 03-24-100-037-1158

Illinois Cook County Prospect Heights 60070 Forest River

16 E Old Willow Rd Unit 516S, Prospect Heights, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.