$849,000

Estimated payment $5,414/month

Total Views 8,651
5 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Deck
  • 2-minute walk to Western Springs Station
  • Heating System Uses Steam
  • John Laidlaw Elementary School Rated A
  • Balcony

About This Home

In the heart of Western Springs' beloved Old Town neighborhood-just steps from the town's most popular restaurants, shops, and the train-this one-of-a-kind multi-unit building stands out with architectural charm reminiscent of the French Quarter in New Orleans. Fully rented with three happy tenants under lease, the property offers immediate income in a highly desirable location. The building has seen thoughtful improvements over the years, including the addition of a one-bedroom garden unit in 2016, basement waterproofing and new sump pumps in 2018, and extensive redecorating with fresh paint and repairs in 2019. A new roof was installed, along with electrical updates, newer garage doors, and refreshed kitchens and bathrooms throughout. In 2022, a new boiler was installed and the heat and water are zoned to allow (long term) for separate billing to each tenant, and the second-floor unit was updated with new kitchen appliances. Concrete work was completed in 2025 along with a full replacement of the south side fence. All three units feature updated kitchens with granite countertops and newer cabinetry, along with modernized bathrooms and access to two sets of in-building washer and dryer units. This is a rare opportunity to own a well-maintained, income-generating property in one of Western Springs' most walkable and charming neighborhoods.

Listing Agent

Marty Dunne

Berkshire Hathaway HomeServices Chicago License #475188392 Listed on: 07/01/2025

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,451

Year Built

  • Built in 1955

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x133

Parking

  • 3 Car Garage

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Balcony
  • Deck

Schools

  • John Laidlaw Elementary School
  • Mcclure Junior High School
  • Lyons Twp High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Steam

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $2,500
  • Trash Expense $1,500
  • Water Sewer Expense $2,000
  • Net Operating Income $44,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,451

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space

Exterior Features

  • Construction Materials: Frame
  • ExteriorFeatures: Balcony
  • List Price: 849000
  • Patio And Porch Features: Deck
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 3

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Public

Fee Information

  • Trash Expense: 1500
  • Water Sewer Expenses: 2000

Schools

  • Elementary School: John Laidlaw Elementary School
  • High School: Lyons Twp High School
  • Middle/Junior School: Mcclure Junior High School
  • Middle/Junior School District: 101

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 50X133
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 44000
  • Fuel Expense: 2500
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 9451
  • Tax Year: 2023

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 Change Sq Ft Price
07/01/2025 07/01/25 For Sale $849,000 +123.4% --
09/01/2015 09/01/15 Sold $380,000 -5.0% $215 / Sq Ft
07/23/2015 07/23/15 Pending -- -- --
06/26/2015 06/26/15 Price Changed $399,900 -3.4% $227 / Sq Ft
03/12/2015 03/12/15 Price Changed $414,000 -2.8% $235 / Sq Ft
09/22/2014 09/22/14 For Sale $426,000 -- $241 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12406664

Midwest Real Estate Data (MRED)

APN: 18-06-410-017