$1,650,000
SOLD MAR 19, 2025

343 N Mill Rd Addison, IL 60101

-- Bed
-- Bath
-- Sq Ft
1970 Built

Recently Sold

3% Below List Price

6 Days on Market

Highlights

  • Brick Exterior Construction
  • Hot Water Heating System
  • 2-minute walk to Green Oaks Park
  • Central Heating

About This Home

As of March 2025

THIS WELL-MAINTAINED, FREE-STANDING CONCRETE BUILDING FEATURES 12 UNITS, INCLUDING 10 TWO-BEDROOM APARTMENTS AND 2 ONE-BEDROOM UNITS. MANY UNITS UPDATED. BUILDING HAS BEEN MAINTAINED GREAT. FULLY OCCUPIED AND LOCATED IN A HIGH-DEMAND RENTAL AREA. THIS PROPERTY IS CONVENIENTLY CLOSE TO SHOPPING, SCHOOLS, JOBS, AND ACCESSIBLE TRANSPORTATION. THIS BUILDING OFFERS AN EXCELLENT INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

Angie Corcione

Fulton Grace Realty License #471008538 Listed on: 01/28/2025

Fulton Grace Realty

Co-Listed By

Giuseppe Battista

Fulton Grace Realty License #475138121

Last Buyer's Agent

Sonia Habibovic

Koral Realty License #471001945

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,632

Year Built

  • Built in 1970

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof
  • Stone Siding
  • Concrete Perimeter Foundation

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $971
  • Fuel Expense $5,800
  • Insurance Expense $7,346
  • Water Sewer Expense $13,610
  • Operating Expense $60,743
  • Gross Income $160,320
  • Net Operating Income $99,577

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,632

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Refrigerators: 12
  • Ranges: 12
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone, Frame
  • Foundation Details: Concrete Perimeter
  • List Price: 1700000
  • Roof: Composition
  • Exterior Building Type: Brick,Stone
  • Roof Structure: Pitched

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Radiators

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 13610
  • Janitor Expense: 1980

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: APPROX HALF ACRE
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 99577
  • Fuel Expense: 5800
  • Insurance Expense: 7346
  • ElectricExpense: 971
  • GrossIncome: 160320
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 60743
  • Expense Year: 2023
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 26632
  • 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 List to Sale Price per Sq Ft
03/19/2025 03/19/25 Sold $1,650,000 -2.9% --
02/03/2025 02/03/25 Pending -- -- --
01/28/2025 01/28/25 For Sale $1,700,000 -- --
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: 12279098

Midwest Real Estate Data (MRED)