7518 N 2nd St Machesney Park, IL 61115
Estimated payment $1,763/month
Highlights
- 0.63 Acre Lot
- Fenced Yard
- Shed
- Deck
- Porch
- Hot Water Heating System
About This Home
Discover an incredible opportunity at 7518 N 2nd St, Machesney Park, IL! This spacious two-story, 4-bedroom home offers a fantastic blend of proven income potential and comfortable family living in a sought-after location. For the past three years, this property has been a highly successful Airbnb, demonstrating a strong track record as a short-term rental investment. The generous size and desirable location—close to shopping, schools, and major highways—make it an easy choice for travelers, ensuring a ready-made income stream for the savvy investor. Zoned Multi-Family on over half an acre of land! Whether you're looking for a turnkey investment to add to your portfolio or a generously sized, well-located residence to call your own, 7518 N 2nd St delivers. Furniture remaining inside the home is negotiable. Don't miss out on this unique chance to own a versatile property in the thriving Machesney Park community!
Listing Agent
Keller Williams Realty Signature License #475158785 Listed on: 10/29/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,628
Year Built
- Built in 1926
Lot Details
- 0.63 Acre Lot
- Fenced Yard
Home Design
- Shingle Roof
- Siding
Interior Spaces
- 2-Story Property
- Wood Burning Fireplace
- Window Treatments
Kitchen
- Electric Range
- Stove
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 2 Car Garage
- Driveway
Outdoor Features
- Deck
- Shed
- Porch
Schools
- Machesney Elementary School
- Harlem Jr Middle School
- Harlem High School
Utilities
- Hot Water Heating System
- Radiant Heating System
- Electric Water Heater
Map
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 |
|---|---|---|---|---|
| 2024 | $5,628 | $70,695 | $23,694 | $47,001 |
| 2023 | $5,352 | $62,019 | $21,043 | $40,976 |
| 2022 | $5,318 | $56,566 | $19,193 | $37,373 |
| 2021 | $4,963 | $52,610 | $17,851 | $34,759 |
| 2020 | $4,582 | $50,114 | $17,004 | $33,110 |
| 2019 | $4,738 | $48,002 | $16,287 | $31,715 |
| 2018 | $5,006 | $46,428 | $15,753 | $30,675 |
| 2017 | $5,017 | $45,155 | $15,321 | $29,834 |
| 2016 | $4,953 | $44,256 | $15,016 | $29,240 |
| 2015 | $4,925 | $43,482 | $14,753 | $28,729 |
| 2014 | $4,804 | $43,482 | $14,753 | $28,729 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | Price Changed | $246,000 | -2.4% | $73 / Sq Ft | |
| 10/29/2025 10/29/25 | For Sale | $252,000 | +85.3% | $75 / Sq Ft | |
| 12/12/2022 12/12/22 | Sold | $136,000 | -2.8% | $61 / Sq Ft | View Prior Sale |
| 11/14/2022 11/14/22 | Pending | -- | -- | -- | |
| 11/11/2022 11/11/22 | Price Changed | $139,900 | -6.7% | $63 / Sq Ft | |
| 10/16/2022 10/16/22 | For Sale | $149,900 | 0.0% | $67 / Sq Ft | |
| 12/14/2019 12/14/19 | Rented | $1,250 | 0.0% | -- | |
| 11/12/2019 11/12/19 | For Rent | $1,250 | -3.8% | -- | |
| 10/15/2018 10/15/18 | Rented | $1,300 | +4.0% | -- | |
| 08/22/2018 08/22/18 | For Rent | $1,250 | 0.0% | -- | |
| 11/28/2017 11/28/17 | Rented | $1,250 | +8.7% | -- | |
| 10/09/2017 10/09/17 | For Rent | $1,150 | 0.0% | -- | |
| 03/01/2017 03/01/17 | Rented | $1,150 | 0.0% | -- | |
| 02/03/2017 02/03/17 | Price Changed | $1,150 | +9.5% | $1 / Sq Ft | |
| 01/29/2017 01/29/17 | For Rent | $1,050 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $136,000 | -- | |
| Quit Claim Deed | -- | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,800 | New Conventional | |
| Previous Owner | $88,000 | New Conventional |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202506925
APN: 08-31-153-008
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