j
Seller's Agent in 2025
john kim
Homes R Us Realty Inc.
(847) 773-1000
1 in this area
8 Total Sales
820 Piper Ln Prospect Heights, IL 60070
Forest River Neighborhood
--
Bed
--
Bath
5,796
Sq Ft
1972
Built
About This Home
As of February 2025This well-maintained 6-unit apartment building, part of a larger apartment association, features 3 two-bedroom and 3 one-bedroom units. With historically low vacancy rates and 3 units currently rented below market, the property offers immediate income and significant value-add potential through targeted rent adjustments and renovations. A first floor washer and dryer provide additional revenue opportunities. Located within walking distance of Palwaukee Plaza, tenants enjoy convenient access to a grocery store and multiple dining options, enhancing the property's overall appeal.
Last Agent to Sell the Property
Homes R Us Realty Inc. License #471004760 Listed on: 12/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,211
Year Built
- Built in 1972
Lot Details
- Lot Dimensions are 125x110
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Slab Foundation
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 5,796 Sq Ft Home
- 3-Story Property
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for air conditioning, electricity
Community Details
Overview
- Association fees include parking, exterior maintenance, scavenger, snow removal
- 6 Units
Building Details
- Electric Expense $600
- Fuel Expense $3,600
- Insurance Expense $6,200
- Maintenance Expense $4,750
- Water Sewer Expense $6,800
- Operating Expense $39,361
- Gross Income $87,300
- Net Operating Income $48,939
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/11/2025 02/11/25 | Sold | $760,000 | -4.9% | $131 / Sq Ft | |
| 01/19/2025 01/19/25 | Pending | -- | -- | -- | |
| 12/05/2024 12/05/24 | For Sale | $799,000 | +53.7% | $138 / Sq Ft | |
| 12/09/2019 12/09/19 | Sold | $520,000 | -0.9% | -- | View Prior Sale |
| 08/31/2019 08/31/19 | Pending | -- | -- | -- | |
| 08/26/2019 08/26/19 | For Sale | $524,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $15,683 | $64,000 | $8,400 | $55,600 |
| 2024 | $15,683 | $45,381 | $3,360 | $42,021 |
| 2023 | $16,221 | $45,381 | $3,360 | $42,021 |
| 2022 | $16,221 | $50,000 | $3,360 | $46,640 |
| 2021 | $12,369 | $32,781 | $2,100 | $30,681 |
| 2020 | $11,986 | $32,781 | $2,100 | $30,681 |
| 2019 | $12,681 | $37,942 | $2,100 | $35,842 |
| 2018 | $12,139 | $32,586 | $1,890 | $30,696 |
| 2017 | $11,918 | $32,586 | $1,890 | $30,696 |
| 2016 | $11,563 | $32,586 | $1,890 | $30,696 |
| 2015 | $9,746 | $25,348 | $1,680 | $23,668 |
| 2014 | $9,515 | $25,348 | $1,680 | $23,668 |
| 2013 | $8,884 | $25,348 | $1,680 | $23,668 |
Source: Public Records
Agents Affiliated with this Home
-
john kim
-
Joseph Kim
J
Seller Co-Listing Agent in 2025
Joseph Kim
Homes R Us Realty Inc.
(847) 773-1000
1 in this area
1 Total Sale
-
Ruben Acevedo
Buyer's Agent in 2025
Ruben Acevedo
Global Ruben's Team Realty
(847) 836-6300
2 in this area
162 Total Sales
-
Jayesh Parekh
J
Seller's Agent in 2019
Jayesh Parekh
Kale Realty
(847) 962-0239
8 in this area
77 Total Sales
-
Adriana Correa
A
Buyer's Agent in 2019
Adriana Correa
Stellar Pref. The Re Clinic
(312) 576-7392
15 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12221284
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