$425,000
$50K PRICE DROP

309b S Harlem Ave Peotone, IL 60468

Estimated payment $2,652/month

Total Views 4,104
5 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Discover a truly unique opportunity with this B-3 zoned mixed-use property in Peotone, perfectly situated along Route 50. Offering approximately 5,500 square feet of versatile space, this property seamlessly blends a 2,500-square-foot home-featuring four to five bedrooms and two and a half baths-with a 3,000-square-foot industrial segment. The industrial side is currently divided, half serving as a functional workshop and the other half operating as a rentable wrestling or open gym area. This adaptable property invites you to envision any number of uses, from a storefront or creative business space to a comfortable live-work environment. Its prime location ensures both visibility and convenience, making it an exceptional canvas for your next venture.

Listing Agent

Paul Kirkpatrick

Exclusive Realtors License #475.183817 Listed on: 08/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,774

Year Built

  • Built in 1950

Parking

  • 10 Car Garage

Home Design

  • Brick Exterior Construction
  • Steel Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 198x83x79x198
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,774

Year Built

Built in 1950

Lot Details

0

Parking

10

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Accessible Entrance
  • MRD_AppliancesAndFeatures: Accessible Entrance

Exterior Features

  • Construction Materials: Aluminum Siding, Steel Siding, Brick
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 10
  • Parking Features: On Site, Detached, Garage
  • ParkingTotal: 30

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Dimensions: 198X83X79X198
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17

Tax Info

  • Tax Annual Amount: 4774.2
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s,2 Story Unit/s,Other

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

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 $4,500 $69,930 $12,924 $57,006
2023 $4,500 $69,930 $12,924 $57,006
2022 $3,052 $43,683 $12,924 $30,759
2021 $3,187 $43,683 $12,924 $30,759
2020 $3,278 $43,683 $12,924 $30,759
2019 $3,442 $43,683 $12,924 $30,759
2018 $3,689 $43,683 $12,924 $30,759
2017 $3,739 $43,683 $12,924 $30,759
2016 $3,775 $43,683 $12,924 $30,759
2015 $4,101 $43,683 $12,924 $30,759
2014 $4,101 $43,683 $12,924 $30,759
2013 $4,101 $43,683 $12,924 $30,759
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2025 09/17/25 Price Changed $425,000 -5.6% --
09/04/2025 09/04/25 Price Changed $450,000 -5.3% --
08/11/2025 08/11/25 For Sale $475,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $210,000 Fidelity National Title
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Unknown
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12441367

Midwest Real Estate Data (MRED)

APN: 20-21-19-100-004