$704,000
SOLD APR 14, 2025
8 Beds
5 Baths
-- Sq Ft
8,276 Sq Ft Lot

Recently Sold

1% Above List Price

2 Days on Market

Highlights

  • Property is near park
  • First Floor Utility Room
  • Intercom
  • Prospect High School Rated A+
  • 2 Car Detached Garage
  • Heating System Uses Steam

About This Home

As of April 2025

Multiple offers Received. Highest and best called for by Sunday March 16th. An Amazing Investment Opportunity in Mount Prospect! This well-maintained all brick 3-flat is currently listed with 2 tenants, offering a fantastic opportunity for both new investors or seasoned property owners looking for consistent rental income. Garden Apartment: Recently refreshed in 2021, this unit features an updated kitchen with modern finishes and new flooring throughout. A clean, comfortable space perfect for tenants. Upper Units: The remaining two units are occupied by long-term tenants, providing stable income right away. Upper Units have hardwood floors throughout. Key Features: 3-Flat Building with separate units, ensuring tenant privacy and convenience. Updated Garden Apartment with fresh kitchen and new flooring (2021). Prime Investment Opportunity: With tenants already in place, this property provides immediate rental income. Great Location: Situated in the desirable Mount Prospect area, this property is conveniently located near shops, schools, and public transport. Whether you're looking to grow your portfolio or step into the world of real estate, this is the perfect opportunity to capitalize on the growing rental demand in Mount Prospect. 2009 roof replaced on garage and building; 2008 Windows replaced

Last Agent to Sell the Property

Karen Pawlak

Baird & Warner License #475124214 Listed on: 03/12/2025

Baird & Warner

Last Buyer's Agent

Sooji Hill

Baird & Warner License #475194119

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,704

Year Built

  • Built in 1972

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 86 x 98 x 68 x 122
  • Fenced

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room
  • Sump Pump

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Location

  • Property is near park

Schools

  • Robert Frost Elementary School
  • Friendship Junior High School
  • Prospect High School

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

Overview

  • 3 Units
  • 3 Flat

Building Details

  • Electric Expense $360
  • Insurance Expense $3,200
  • Water Sewer Expense $2,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,704

Year Built

Built in 1972

Lot Details

8,276 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1972
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Other Equipment: Intercom, CO Detectors, Sump Pump
  • Room Type: Utility Room-1st Floor
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Hardwood Floors

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • OtherStructures: Garage(s)
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

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

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 2880
  • Other Expenses $: 120
  • Trash Expense Year: 900

Schools

  • Elementary School: Robert Frost Elementary School
  • High School: Prospect High School
  • Middle/Junior School: Friendship Junior High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.19
  • Lot Dimensions: 86 X 98 X 68 X 122
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Insurance Expense: 3200
  • ElectricExpense: 360
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 12703.82
  • Tax Year: 2023
  • Tax Exemptions: None
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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
04/14/2025 04/14/25 Sold $704,000 +0.6% --
03/15/2025 03/15/25 Pending -- -- --
03/12/2025 03/12/25 For Sale $699,999 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $12,704 $62,000 $9,671 $52,329
2024 $12,704 $48,758 $8,059 $40,699
2023 $12,198 $48,758 $8,059 $40,699
2022 $12,198 $48,758 $8,059 $40,699
2021 $12,438 $43,529 $5,238 $38,291
2020 $12,105 $43,529 $5,238 $38,291
2019 $13,037 $51,589 $5,238 $46,351
2018 $11,614 $40,679 $4,432 $36,247
2017 $11,936 $42,200 $4,432 $37,768
2016 $12,268 $46,134 $4,432 $41,702
2015 $9,796 $34,382 $3,626 $30,756
2014 $10,331 $36,867 $3,626 $33,241
2013 $10,087 $36,867 $3,626 $33,241
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12287046

Midwest Real Estate Data (MRED)
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