$1,399,000

3488 Salem Walk Northbrook, IL 60062

Estimated payment $8,947/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Heating
  • Henry Winkelman Elementary School Rated A-
  • Baseboard Heating

About This Home

Immaculate, meticulously cared for, and fully occupied 6-unit investment property located in a desirable Northbrook location. This property has a strong cash flow and long term value. All six units feature spacious 2 bedrooms, 1 bath layouts, making this very attractive and highly rentable. A full basement provides additional storage space and convenient on site laundry facilities. Many updates have already been done to the property, making this ideal for a new investor, including a water heater (2014), boiler (2019), washer (2024), dryer (2025), and a brand-new roof scheduled for installation early June. Assigned parking spaces are located at the rear of the building for tenant convenience. This is a very well-maintained property. Ideally located near schools, shopping, dining, transportation, and everyday amenities, this turnkey investment offers stable occupancy, minimal deferred maintenance, and excellent income potential for years to come. Rare opportunity to acquire a solid, income-producing 6-unit building with major mechanical updates already completed. This is an ideal addition to any investment portfolio. Don't miss out on this amazing property!

Listing Agent

Gina Kim

Baird & Warner License #475145164 Listed on: 05/30/2026

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,326

Year Built

  • Built in 1978

Utilities

  • Central Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 64x56

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $700
  • Fuel Expense $3,292
  • Insurance Expense $3,247
  • Other Expense $6,120
  • Water Sewer Expense $5,252
  • Operating Expense $36,643
  • Gross Income $106,800
  • Net Operating Income $70,157

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,326

Year Built

Built in 1978

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Utilities

  • Heat/Ventilation: Central Heat/Indiv Controls,Gas,Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Fee Information

  • Water Sewer Expenses: 5252

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 64X56

Rental Info

  • Board Number: 2

Multi Family

  • Net Operating Income: 70157
  • Fuel Expense: 3292
  • Insurance Expense: 3247
  • ElectricExpense: 700
  • GrossIncome: 106800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 36643
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 16326
  • Tax Year: 2024

Map

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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
05/30/2026 05/30/26 For Sale $1,399,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12652192

Midwest Real Estate Data (MRED)
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