287 8th St Wheeling, IL 60090
Estimated payment $8,121/month
Highlights
- Heating Available
- Wheeling High School Rated A
- 5-minute walk to Northside Park
About This Home
Prime Investment Opportunity in the Heart of Wheeling! Welcome to 287 8th Street, a fully remodeled six-unit multifamily building ideally located in the thriving heart of Wheeling. This turn-key property features five spacious 2-bedroom units and one 1-bedroom unit, all recently renovated with modern finishes throughout. Each of the 2-bedroom units includes in-unit laundry, a highly desirable amenity that adds value and convenience for tenants. All units boast updated kitchens, bathrooms, flooring, and fixtures-ensuring low maintenance and strong tenant appeal. Recent upgrades have allowed for increased rents, making this an excellent cash-flowing asset for investors seeking stable returns in a growing market. Don't miss this rare opportunity to own a fully updated multi-unit building in one of Wheeling's most accessible and walkable neighborhoods. Whether you're looking to expand your portfolio or begin your real estate investment journey, 287 8th Street delivers both immediate income and long-term value.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,114
Year Built
- Built in 1978
Parking
- 13 to 18 Parking Spaces
Home Design
- Brick Exterior Construction
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Heating Available
Additional Features
- 3-Story Property
- Lot Dimensions are 100 x 132
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $500
- Fuel Expense $2,600
- Insurance Expense $3,500
- Maintenance Expense $2,259
- Other Expense $2,920
- Trash Expense $780
- Water Sewer Expense $3,000
- Operating Expense $16,583
- Gross Income $132,900
- Net Operating Income $95,203
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/11/2025 10/11/25 | For Sale | $1,200,000 | +60.0% | -- | |
| 05/11/2022 05/11/22 | Sold | $750,000 | 0.0% | -- | View Prior Sale |
| 02/10/2022 02/10/22 | Pending | -- | -- | -- | |
| 02/10/2022 02/10/22 | For Sale | $749,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12493592
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