Seller's Agent in 2025
Laura Michicich
Berkshire Hathaway HomeServices Chicago
(630) 750-2319
1 in this area
123 Total Sales
1S055 Spring Rd Unit 2B Oakbrook Terrace, IL 60181
2
Beds
2
Baths
1,637
Sq Ft
$564/ mo
HOA Fee
Highlights
- Waterfront
- Lock-and-Leave Community
- Den
- Stella May Swartz Elementary School Rated A-
- Community Pool
- Breakfast Room
About This Home
As of August 2025MULTIPLE OFFERS RECEIVED...highest and best due 7.11.25 at 3pm. Incredible Rehab Opportunity in Desirable Arbor 40! Spacious and rarely available 2-bedroom + den, 2-bathroom condo offering 1,640 square feet of living space with pretty views of Salt Creek. This unit is filled with natural light and features two private balconies, making it ideal for a full custom renovation. The layout includes a large living area, dining space, and a versatile den-perfect for a home office, guest room, or flex space. This is a full gut rehab project-ideal for contractors, investors, or buyers looking to create their dream home in a quiet, established building. The unit is being sold AS-IS. Additional features include: One-car garage plus one exterior parking space Storage unit and coin laundry in the building Access to community pool Beautiful natural setting with peaceful Salt Creek views Two balconies for outdoor enjoyment Tons of natural light throughout the unit Tucked away in a private, tranquil location that feels like a hidden oasis, yet only minutes from everything: Oakbrook Center, Drury Lane Theatre, major expressways, shopping, dining, and entertainment. Don't miss this rare opportunity to reimagine and personalize a spacious unit in one of the area's most desirable condo communities. Bring your vision-this property has endless potential!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Chicago License #475158582 Listed on: 07/10/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,435
Year Built
- Built in 1973
HOA Fees
- $564 Monthly HOA Fees
Parking
- 1 Car Detached Garage
- Garage Door Opener
- Parking Included in Price
Home Design
- Entry on the 2nd floor
- Brick Exterior Construction
- Cedar
Interior Spaces
- 1,637 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Breakfast Room
- Formal Dining Room
- Den
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Schools
- Salt Creek Elementary School
- Stella May Swartz Elementary Sch Middle School
- Willowbrook High School
Additional Features
- Balcony
- Waterfront
- Forced Air Heating and Cooling System
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, water, gas, parking, insurance, pool, exterior maintenance, lawn care, scavenger, snow removal
- 6 Units
- Dana Association, Phone Number (630) 627-3303
- Arbor 40 Subdivision
- Property managed by HILLCREST MGMT
- Lock-and-Leave Community
Amenities
- Coin Laundry
- Community Storage Space
Recreation
- Community Pool
Pet Policy
- Pets up to 40 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 10, 2025
Closed on
Aug 18, 2025
Sold by
Talley Susan
Bought by
Abdulaj Alfred and Kola Malvina
Seller's Agent
Laura Michicich
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Marjan Stanojevic
Command Realty Group LLC
List Price
$150,000
Sold Price
$185,000
Premium/Discount to List
$35,000
23.33%
Views
100
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,725
Avg. Annual Appreciation
28.52%
Purchase Details
Closed on
Aug 17, 1995
Sold by
Hahn Eva R and Hahn George
Bought by
Talley Charles E and Talley Susan E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $185,000 | None Listed On Document | |
| Warranty Deed | $145,000 | Ati Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $116,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | Sold | $185,000 | +23.3% | $113 / Sq Ft |
| 07/11/2025 07/11/25 | Pending | -- | -- | -- |
| 07/10/2025 07/10/25 | For Sale | $150,000 | -- | $92 / Sq Ft |
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 | $4,953 | $99,478 | $9,949 | $89,529 |
| 2023 | $4,435 | $91,990 | $9,200 | $82,790 |
| 2022 | $4,783 | $97,420 | $9,740 | $87,680 |
| 2021 | $4,810 | $95,000 | $9,500 | $85,500 |
| 2020 | $4,692 | $92,920 | $9,290 | $83,630 |
| 2019 | $4,492 | $88,340 | $8,830 | $79,510 |
| 2018 | $3,000 | $60,620 | $6,070 | $54,550 |
| 2017 | $3,233 | $57,760 | $5,780 | $51,980 |
| 2016 | $3,049 | $54,410 | $5,440 | $48,970 |
| 2015 | $2,629 | $50,690 | $5,070 | $45,620 |
| 2014 | $2,130 | $42,160 | $4,220 | $37,940 |
| 2013 | $2,873 | $55,520 | $5,550 | $49,970 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Michicich
-
Marjan Stanojevic
Buyer's Agent in 2025
Marjan Stanojevic
Command Realty Group LLC
(312) 477-1234
1 in this area
25 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12369702
APN: 06-23-110-022
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Based on information submitted to the MLS GRID
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