Gayle Stellas
Baird & Warner
(630) 626-8270
73 Total Sales
3 in Wheeling
$245K - $365K Price Range
287 8th St Wheeling, IL 60090
Wheeling Area
--
Bed
--
Bath
--
Sq Ft
1978
Built
Highlights
- Heating Available
- Wheeling High School Rated A
- 5-minute walk to Northside Park
About This Home
As of November 2025Prime 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.
Last Agent to Sell the Property
Coldwell Banker Realty License #475131700 Listed on: 10/11/2025
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
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
Listing and Financial Details
- Tenant pays for electricity
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2025
Closed on
Nov 6, 2025
Sold by
Bought by
Seller's Agent
Galya Georgieva
Coldwell Banker Realty
Buyer's Agent
Svetlana Oleinik
HomeSmart Connect
List Price
$1,200,000
Sold Price
$1,200,000
Views
28
Purchase Details
Listed on
Feb 10, 2022
Closed on
May 2, 2022
Sold by
Bought by
Seller's Agent
Colleen McCormack
Coldwell Banker Realty
Buyer's Agent
Galya Georgieva
Coldwell Banker Realty
List Price
$749,900
Sold Price
$750,000
Premium/Discount to List
$100
0.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%
Original Mortgage
$1,125,000
Interest Rate
5.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 26, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
7.07%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 18, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Wheeling, IL
-
Gayle Stellas
-
Ken Jungwirth
Ken Jungwirth
Responds Quickly@properties Christie's International Real Estate
(773) 917-1081
177 Total Sales
2 in Wheeling
$300K - $540K Price Range
-
Brian Wacht
BW
Brian Wacht
Kale Realty
(224) 258-0319
75 Total Sales
1 in Wheeling
$301,000 Price
-
Hyacinth Levy
Hyacinth Levy
Responds QuicklyBaird & Warner
(224) 504-1149
24 Total Sales
1 in Wheeling
$330,000 Price
-
Katie Holmes
Katie Holmes
Keller Williams Success Realty
(224) 802-3626
90 Total Sales
1 in Wheeling
$180,000 Price
-
Johnson Maliekkal
Johnson Maliekkal
Realta Real Estate
(833) 554-1189
101 Total Sales
3 in Wheeling
$168K - $400K Price Range
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,200,000 | None Listed On Document | ||
| $750,000 | Stewart Title Company | ||
| -- | Stewart Title | ||
| $320,000 | Republic Title Company |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,125,000 | ||
| Previous Owner | $363,750 |
Source: Public Records
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 |
|---|---|---|---|---|---|
| 11/11/2025 11/11/25 | Sold | $1,200,000 | 0.0% | -- | |
| 10/18/2025 10/18/25 | Pending | -- | -- | -- | |
| 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)
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 |
|---|---|---|---|---|
| 2025 | $15,125 | $1,379,570 | $896,721 | $482,849 |
| 2024 | $15,125 | $1,352,520 | $879,138 | $473,382 |
| 2023 | $14,714 | $1,326,000 | $861,900 | $464,100 |
| 2022 | $9,856 | $868,100 | $345,401 | $522,699 |
| 2021 | $9,670 | $851,079 | $338,629 | $512,450 |
| 2020 | $9,185 | $842,354 | $335,157 | $507,197 |
| 2019 | $8,941 | $825,838 | $328,586 | $497,252 |
| 2018 | $8,757 | $809,646 | $322,144 | $487,502 |
| 2017 | $8,582 | $793,772 | $315,828 | $477,944 |
| 2016 | $8,496 | $778,209 | $309,636 | $468,573 |
| 2015 | $8,344 | $766,522 | $304,986 | $461,536 |
| 2014 | $8,220 | $751,509 | $299,012 | $452,497 |
Source: Public Records
Agents Affiliated with this Home
-
Galya Georgieva
Seller's Agent in 2025
Galya Georgieva
Coldwell Banker Realty
(630) 965-7328
101 Total Sales
-
Svetlana Oleinik
Buyer's Agent in 2025
Svetlana Oleinik
HomeSmart Connect
(224) 805-2484
71 Total Sales
-
Colleen McCormack
Seller's Agent in 2022
Colleen McCormack
Coldwell Banker Realty
(630) 881-8889
51 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12493592
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.
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
Nearby Homes
- 300 6th St
- 269 7th St
- 81 Timber Wolf Dr
- 291 3rd St
- 45 Prairie Park Dr Unit 509
- 45 Prairie Park Dr Unit 308
- 45 Prairie Park Dr Unit 409
- 100 Prairie Park Dr Unit 709
- 100 Prairie Park Dr Unit 701
- 82 Prairie Ct
- 40 Prairie Park Dr Unit 308
- 40 Prairie Park Dr Unit 608
- 40 Prairie Park Dr Unit 702
- 190 N Milwaukee Ave Unit 607
- 190 N Milwaukee Ave Unit 401
- 200 Deborah Ln Unit 17A
- 325 Shadowbend Dr Unit 3B
- 600 Bridgeport Place Unit 36B
- 606 Bridgeport Place Unit 36A
- 10 Linden Ave
Your Personal Tour Guide
Ask me questions while you tour the home.