$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

  • Central Heating
  • Wood Siding
  • 2-minute walk to Green Oaks Park
  • Hot Water Heating System

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
  • Wood Siding
  • 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

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 Sq Ft Lot

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
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Brick, Stone, Wood
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • 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

Lot Info

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

Rental Info

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

Multi Family

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

Tax Info

  • Tax Annual Amount: 26632
  • Tax Year: 2023
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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

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 $27,738 $393,556 $157,416 $236,140
2023 $26,633 $361,790 $144,710 $217,080
2022 $25,377 $344,560 $137,820 $206,740
2021 $24,376 $330,040 $132,010 $198,030
2020 $23,776 $316,130 $126,450 $189,680
2019 $23,670 $303,970 $121,590 $182,380
2018 $23,500 $289,490 $101,310 $188,180
2017 $22,966 $276,680 $96,830 $179,850
2016 $21,752 $247,150 $89,400 $157,750
2015 $22,059 $235,980 $82,590 $153,390
2014 $21,112 $224,390 $56,100 $168,290
2013 $20,647 $228,960 $57,240 $171,720
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)
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