$625,000
SOLD AUG 7, 2025

3001 Prairie St Franklin Park, IL 60131

-- Bed
-- Bath
3,120 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$200 Per Sq Ft

11% Below List Price

11 Days on Market

About This Home

As of August 2025

Investor Alert! Updated 6-Unit Apartment Building in Franklin Park! Hurry, hurry! Don't miss this incredible investment opportunity a spacious 3,120 sq. ft. California-style, two-story 6-unit apartment building on the west side of Franklin Park! Updated less than 8 years ago, renovations include modern kitchens, bathrooms, flooring, plumbing, and updated electric. The building also features a newer roof, high-efficiency boiler, and two 75-gallon water heaters. Key Features: All units are 1-bedroom apartments with an excellent rental history. Gated property with a black iron fence & security gate. Full basement with leased coin-operated laundry owner receives a share of monthly revenue. 6 assigned parking spaces on-site. Zoned Multi-Family perfect for investors! Located minutes from O'Hare Airport, expressways, shopping, and Starbucks this is a prime investment opportunity! Don't wait, schedule a showing today!

Last Agent to Sell the Property

Edward Hall

Baird & Warner License #471008452 Listed on: 05/26/2025

Baird & Warner

Co-Listed By

Elsa Teutle Cerezo

Baird & Warner License #475215360

Last Buyer's Agent

Nicholas Jakubco

Jakubco Development, Inc License #471017478

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,898

Year Built

  • Built in 1963

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 30x130

Home Design

  • Stone Siding
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $1,880
  • Insurance Expense $1,100
  • Maintenance Expense $7,734
  • Other Expense $1,200
  • Trash Expense $861
  • Water Sewer Expense $2,479
  • Operating Expense $30,452
  • Gross Income $5,825
  • Net Operating Income $40,248

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,898

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,48-Hr Notice Required,None
  • Estimated Age: New Rehab
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Exterior Entry, Partial Exposure, 9 ft + pour, Storage Space
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Concrete, Stone, Wood, Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 699000

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas,Hot Water,Baseboard
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 861
  • Water Sewer Expenses: 2479
  • Janitor Expense: 1000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X130
  • Lot Size Sq Ft: 5000
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 3120

Multi Family

  • Net Operating Income: 40248
  • Fuel Expense: 1880
  • Insurance Expense: 1100
  • ElectricExpense: 300
  • GrossIncome: 5825
  • Maintenance Expense: 7734
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 30452
  • Expense Year: 2024
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 13898
  • Tax Year: 2023

Range of Values:

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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
08/07/2025 08/07/25 Sold $625,000 -10.6% $200 / Sq Ft
06/06/2025 06/06/25 Pending -- -- --
05/26/2025 05/26/25 For Sale $699,000 +115.1% $224 / Sq Ft
02/25/2016 02/25/16 Sold $325,000 -7.1% --
12/30/2015 12/30/15 Pending -- -- --
11/09/2015 11/09/15 For Sale $349,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12375203

Midwest Real Estate Data (MRED)