$499,000

Estimated payment $3,145/month

Total Views 7,612
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Introducing 2916 w 25th place a legal 5 unit property with an all-brick 4-unit building in the front and a coach house in the rear. Conveniently located close to all that little village has to offer. It is perfect for either an owner-occupant or an investor. this property is a fantastic investment. The building is commuter-friendly, with nearby shopping, dining, and recreational options. It's within walking distance to schools and public transportation, and just minutes from I-55 and I-290, providing easy access to downtown. this is an amazing income maker that is professionally managed grossing nearly 54k a year will all unit rented below market and room to raise rents significantly without doing much of anything. This is the unique multi-unit property you've been searching for. Schedule your tour today!

Listing Agent

Mitir Patel

Baird & Warner License #475157343 Listed on: 05/21/2025

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,169

Year Built

  • Built in 1888

Lot Details

  • 2,880 Sq Ft Lot
  • Lot Dimensions are 28x126

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Additional Features

  • 3-Story Property
  • Heating System Uses Gas

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $4,000
  • Water Sewer Expense $3,600
  • Operating Expense $8,680
  • Gross Income $53,940
  • Net Operating Income $40,091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,169

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1888
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 5
  • Ranges: 5
  • Room: 5
  • Room: 4
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood
  • Foundation Details: Brick/Mortar
  • List Price: 499000

Utilities

  • Heat/Ventilation: Gas

Fee Information

  • Water Sewer Expenses: 3600
  • Janitor Expense: 720

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 28X126
  • Lot Size Sq Ft: 2880
  • Zoning: MULTI

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 40091
  • Insurance Expense: 4000
  • ElectricExpense: 360
  • GrossIncome: 53940
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 8680
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 5169.24
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 For Sale $499,000 +36.7% --
12/20/2022 12/20/22 Sold $365,000 -11.0% $652 / Sq Ft
11/23/2022 11/23/22 For Sale $409,900 -- $732 / Sq Ft
10/02/2022 10/02/22 Pending -- -- --
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12366663

Midwest Real Estate Data (MRED)

APN: 16-25-125-039