$3,792,000

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

Listing Agent

Jayesh Parekh

ARNI Realty Incorporated License #475149245 Listed on: 07/08/2025

ARNI Realty Incorporated

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$57,564

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1968
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 23
  • Ranges: 23
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 3792000

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 28800
  • Janitor Expense: 2400
  • Operating Expense Includes: Accounting,Legal,Licenses

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1
  • Lot Dimensions: APPROXIMATE 1 ACRE
  • Lot Size Sq Ft: 45000
  • Zoning: MULTI

Building Info

  • BuildingAreaTotal: 22000

Rental Info

  • Board Number: 10
  • Tenancy Type: Leases,Month To Month

Multi Family

  • Net Operating Income: 311999
  • Fuel Expense: 8502
  • Insurance Expense: 8313
  • ElectricExpense: 2400
  • GrossIncome: 37050
  • Maintenance Expense: 20600
  • NumberOfUnitsTotal: 23
  • OperatingExpense: 132601
  • Expense Year: 2024
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 57564
  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

Midwest Real Estate Data (MRED)

APN: 03-29-202-004