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
36
Beds
21
Baths
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
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
Lot Details
- Lot Dimensions are 125x110
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
155 Total Sales
-
Jayesh Parekh
J
Seller's Agent in 2019
Jayesh Parekh
Kale Realty
(847) 962-0239
8 in this area
61 Total Sales
-
Adriana Correa
A
Buyer's Agent in 2019
Adriana Correa
Stellar Pref. The Re Clinic
(312) 576-7392
17 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12221284
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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