$1,395,000

Estimated payment $8,270/month

Total Views 34
7 Beds
4 Baths
3,313 Sq Ft
$421 Price per Sq Ft

Highlights

  • Property is near public transit
  • Wood Flooring
  • Home Office
  • Peirce Elementary School Rated A-
  • Attic
  • Storm Windows

About This Home

Located just moments from the Minuteman Bike Path, Mass Ave, public transportation, and all the shops, restaurants, and amenities along Mass Ave, this well-maintained 4-family home has been owned by the same family for over six decades. Fully rented, the property features 2 one-bedroom units and 2 two-bedroom units, each thoughtfully updated with modern kitchens, including newer appliances, cabinetry, and finishes, offering comfort and style for tenants. Recent upgrades include a newer roof, heating systems, hot water, and electrical service, ensuring long-term reliability. Each unit comes with 1–2 dedicated parking spaces, and coin-operated laundry is conveniently located in the basement. The property’s prime location, solid rental history, and well-maintained condition make it an exceptional opportunity for investors seeking consistent income and potential future appreciation in an Arlington Heights neighborhood.

Listing Agent

Steve McKenna

Gibson Sotheby's International Realty Listed on: 11/12/2025

Gibson Sotheby's International Realty

Co-Listing Agent

Michael Pallotta

Gibson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,178

Year Built

  • Built in 1849

Lot Details

  • 6,085 Sq Ft Lot
  • Property fronts a private road
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,313 Sq Ft Home
  • Crown Molding
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Living Room
  • Dining Room
  • Home Office
  • Attic

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit

Schools

  • Peirce/Stratton Elementary School
  • Ottoson/Gibbs Middle School
  • AHS High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • 4 Cooling Zones
  • 4 Heating Zones
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
  • Assessor Parcel Number M:057.0 B:0001 L:0001,322808

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park
  • Bike Trail

Building Details

  • Electric Expense $548
  • Insurance Expense $3,500
  • Water Sewer Expense $2,524
  • Operating Expense $23,024
  • Net Operating Income $73,570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,178

Year Built

Built in 1849

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1849
  • Levels: 5
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Wood, Tile, Laminate, Hardwood
  • Interior Amenities: Bathroom With Tub & Shower, Remodeled, Crown Molding, Walk-Up Attic, Living Room, Kitchen, Dining Room, Office/Den
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Microwave, Refrigerator
  • Total Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Concrete
  • Above Grade Finished Sq Ft: 3313
  • Living Area: 3313
  • Spa YN: No
  • Stories Total: 5
  • Window Features: Insulated Windows, Storm Window(s), Screens
  • MAIN LO: BB5918

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Private Road
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Wall Unit(s), Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 4
  • COOLING ZONES: 4
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Bike Path
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2524

Lot Info

  • Parcel Number: M:057.0 B:0001 L:0001,322808
  • Zoning: I
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6085
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 11178

Multi Family

  • Electric Expense: 548
  • Insurance Expense: 3500
  • Net Operating Income: 73570
  • Number Of Units Total: 4
  • Operating Expense: 23024
  • Total Actual Rent: 8050
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 4
  • LEVELS 4: 2
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 3: 2

MLS Schools

  • High School: Ahs
  • Elementary School: Peirce/Stratton
  • Middle Or Junior School: Ottoson/Gibbs

Map

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
11/12/2025 11/12/25 For Sale $1,395,000 -- $421 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73454201

MLS Property Information Network (MLS PIN)