Seller's Agent in 2026
Madan Khatri
Berkshire Hathaway HomeServices American Heritage
(847) 530-1550
6 in this area
40 Total Sales
215 E Oak St Addison, IL 60101
--
Bed
--
Bath
--
Sq Ft
48,787
Sq Ft Lot
About This Home
As of March 2026All brick 18-UNit apartment property in desirable and accessible location. Close to schools, shopping, restaurants and expressways. Building close to downtown area of Addison. Nine 2-BR units and Nine 1-BR unit. All rents are current. Performa numbers based on current market rent rates in the area in Additional Information whereas the property tax is for 2024. Another property for sale is 120 S Lincoln.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices American Heritage License #471017783 Listed on: 12/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $45,051
Year Built
- Built in 1972
Lot Details
- 1.12 Acre Lot
- Lot Dimensions are 197x302
Home Design
- Mixed Use
- Brick Exterior Construction
Additional Features
- 3-Story Property
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 18 Units
Building Details
- Electric Expense $2,400
- Fuel Expense $12,000
- Insurance Expense $6,484
- Maintenance Expense $6,133
- Other Expense $1,475
- Trash Expense $2,400
- Water Sewer Expense $18,000
- Operating Expense $123,389
- Gross Income $290,100
- Net Operating Income $195,975
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 21, 2025
Closed on
Mar 12, 2026
Sold by
Strj Properties Llc
Bought by
Rn Patel Llc
Seller's Agent
Madan Khatri
Berkshire Hathaway HomeServices American Heritage
Buyer's Agent
Rutul Parekh
ARNI Realty Incorporated
List Price
$2,700,000
Sold Price
$2,550,000
Premium/Discount to List
-$150,000
-5.56%
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$2,000,000
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
May 23, 2014
Closed on
Oct 17, 2014
Sold by
Rithy I Llc
Bought by
Strj Properties Llc
Seller's Agent
Nick Kostopoulos
Century 21 TK Realty
Buyer's Agent
Madan Khatri
Berkshire Hathaway HomeServices American Heritage
List Price
$1,299,000
Sold Price
$1,240,000
Premium/Discount to List
-$59,000
-4.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$806,000
Interest Rate
4.35%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Aug 27, 2010
Sold by
Bankfinancial Fsb
Bought by
Rithy I Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.25%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 9, 2010
Sold by
Oxford Bank & Trust
Bought by
Bankfinancial Fsb and Trust #010997
Purchase Details
Closed on
Apr 5, 2002
Sold by
Castle James A
Bought by
Oxford Bank & Trust and Trust #652
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$904,000
Interest Rate
2.7%
Mortgage Type
Commercial
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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 | $2,550,000 | Chicago Title | |
| Warranty Deed | $1,240,000 | Ctic | |
| Deed | $800,000 | Pro Title Group Inc | |
| Sheriffs Deed | -- | None Available | |
| Deed | $1,130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Credit Line Revolving | |
| Previous Owner | $806,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $600,000 | Seller Take Back | |
| Previous Owner | $904,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | Sold | $2,550,000 | -5.6% | -- | |
| 12/22/2025 12/22/25 | Pending | -- | -- | -- | |
| 12/21/2025 12/21/25 | For Sale | $2,700,000 | +117.7% | -- | |
| 10/17/2014 10/17/14 | Sold | $1,240,000 | -4.5% | -- | View Prior Sale |
| 06/26/2014 06/26/14 | Pending | -- | -- | -- | |
| 05/23/2014 05/23/14 | For Sale | $1,299,000 | -- | -- |
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 | $45,051 | $639,192 | $255,677 | $383,515 |
| 2023 | $43,256 | $587,600 | $235,040 | $352,560 |
| 2022 | $41,215 | $559,620 | $223,850 | $335,770 |
| 2021 | $39,591 | $536,040 | $214,420 | $321,620 |
| 2020 | $38,616 | $513,440 | $205,380 | $308,060 |
| 2019 | $38,443 | $493,690 | $197,480 | $296,210 |
| 2018 | $37,042 | $456,310 | $159,710 | $296,600 |
| 2017 | $36,199 | $436,110 | $152,640 | $283,470 |
| 2016 | $35,438 | $402,650 | $140,930 | $261,720 |
| 2015 | $34,771 | $371,960 | $130,190 | $241,770 |
| 2014 | $23,025 | $244,720 | $68,050 | $176,670 |
| 2013 | $22,518 | $249,710 | $69,440 | $180,270 |
Source: Public Records
Agents Affiliated with this Home
-
Madan Khatri
-
Rutul Parekh
Buyer's Agent in 2026
Rutul Parekh
ARNI Realty Incorporated
(847) 293-9190
10 in this area
472 Total Sales
-
N
Seller's Agent in 2014
Nick Kostopoulos
Century 21 TK Realty
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12456797
APN: 03-28-211-028
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Based on information submitted to the MLS GRID
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