505 Stevens Dr Addison, IL 60101
Estimated payment $25,739/month
Total Views
1,130
--
Bed
--
Bath
22,000
Sq Ft
$172
Price per Sq Ft
About This Home
23 Units Great apartment mix of 18; 2 bedroom 1 bath and 5 ; 1 bedroom 1 bath, high rental demand area, very easy to rent, low historical vacancy occupied. Close to shopping, schools, and accessible transportation. buildings are in great shape well taken care of, all major updates taken care of, most units updated inside. Rents are below market
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $57,564
Year Built
- Built in 1968
Lot Details
- 1 Acre Lot
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 22,000 Sq Ft Home
- 3-Story Property
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
Community Details
Overview
- 23 Units
Building Details
- Electric Expense $2,400
- Fuel Expense $8,502
- Insurance Expense $8,313
- Maintenance Expense $20,600
- Other Expense $4,000
- Water Sewer Expense $28,800
- Operating Expense $132,601
- Gross Income $37,050
- Net Operating Income $311,999
Map
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Home Values in the Area
Average Home Value in this Area
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 |
---|---|---|---|---|
2023 | $55,271 | $750,820 | $300,340 | $450,480 |
2022 | $52,664 | $715,070 | $286,040 | $429,030 |
2021 | $50,588 | $684,930 | $273,980 | $410,950 |
2020 | $49,342 | $656,060 | $262,430 | $393,630 |
2019 | $49,122 | $630,830 | $252,340 | $378,490 |
2018 | $47,331 | $583,050 | $204,060 | $378,990 |
2017 | $46,254 | $557,250 | $195,030 | $362,220 |
2016 | $45,282 | $514,500 | $180,070 | $334,430 |
2015 | $44,430 | $475,290 | $166,350 | $308,940 |
2014 | $32,727 | $347,840 | $86,960 | $260,880 |
2013 | $32,007 | $354,930 | $88,730 | $266,200 |
Source: Public Records
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/08/2025 07/08/25 | For Sale | $3,792,000 | -- | $172 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Special Warranty Deed | $8,875,000 | None Listed On Document | |
Deed | $1,944,000 | Fidelity National Title Ins | |
Warranty Deed | $980,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $6,000,000 | Credit Line Revolving | |
Previous Owner | $4,400,000 | Commercial | |
Previous Owner | $585,000 | Unknown | |
Previous Owner | $825,000 | Credit Line Revolving | |
Previous Owner | $650,000 | Unknown | |
Previous Owner | $1,050,000 | Unknown | |
Previous Owner | $780,000 | Purchase Money Mortgage |
Source: Public Records
Source: Midwest Real Estate Data (MRED)
MLS Number: 12413724

APN: 03-29-202-004
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