$197,000
$8K PRICE DROP

Old Willow Falls Condominiums 850 E Old Willow Rd Unit 116 Floor 1 Prospect Heights, IL 60070

Forest River Neighborhood

Estimated payment $1,538/month

Total Views 2,293
2 Beds
1 Bath
929 Sq Ft
$212 Price per Sq Ft

Highlights

  • Living Room
  • Laundry Room
  • Baseboard Heating
  • Wheeling High School Rated A
  • Dining Room
  • Family Room

About This Home

A great opportunity for homeowners and investors alike. This first-floor condo is in very good condition with several updates and improvements made throughout the years. Serene pond views from the semi-private patio with direct access to assigned parking - no stairs, no hassle. Unit includes assigned storage and access to on-site building laundry. Investor-friendly complex with rental allowed. Current tenant is in place and interested in remaining, offering immediate cash flow from day one. HOA includes water and sewer. DSCR financing available for qualifying borrowers through our partner Nova Terra Capital. Recent association capital improvements: new roof (2023), new siding (2024), new insulation (2024). Community amenities include a large private yard, playground, and communal seating areas. Seller will pay special assessment in full. Prime location: bus stop at community entrance, quick highway access, and proximity to parks, forest preserves, schools, and retail.

Listing Agent

Olga Obolonskaya

Nova Terra Realty LLC License #471021935 Listed on: 06/10/2026

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,165

Year Built

  • Built in 1972

HOA Fees

  • $296 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Cedar

Interior Spaces

  • 929 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Parking Available
  • Parking Included in Price

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, parking, insurance, security, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 40 Units
  • Shannon Shannon@Abcpmgrs.Com Association, Phone Number (847) 985-4044
  • Property managed by ABC Property Management

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed
  • Pets up to 35 lbs
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,165

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

HOA Fees

$296 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 1
  • HabitableResidenceYN: Yes
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1972
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access,Flood Zone
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 929
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Flooring: Vinyl

Exterior Features

  • Construction Materials: Brick, Cedar
  • Waterfront: No

Garage/Parking

  • Parking Features: Yes
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Size Limit
  • Association Fee: 296
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: ABC Property Management
  • Management Contact Name: Shannon Shannon@abcpmgrs.com
  • Management Phone: 847-985-4044x128

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Security, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 35

Tax Info

  • Tax Annual Amount: 2165
  • Tax Year: 2023

Multi Family

  • Units in Building: 40

Map

About Old Willow Falls Condominiums

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $3,466 $15,139 $2,325 $12,814
2024 $3,466 $10,031 $930 $9,101
2023 $2,144 $10,031 $930 $9,101
2022 $2,144 $10,031 $930 $9,101
2021 $1,746 $7,957 $290 $7,667
2020 $1,775 $7,957 $290 $7,667
2019 $1,830 $8,905 $290 $8,615
2018 $696 $5,303 $232 $5,071
2017 $705 $5,303 $232 $5,071
2016 $996 $5,303 $232 $5,071
2015 $1,155 $5,627 $464 $5,163
2014 $1,148 $5,627 $464 $5,163
2013 $1,051 $5,627 $464 $5,163
Source: Public Records

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
06/17/2026 06/17/26 Price Changed $197,000 -3.9% $212 / Sq Ft
06/10/2026 06/10/26 For Sale $205,000 -- $221 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase 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 Type Sale Price Title Company
Deed -- Attorney
Special Warranty Deed $69,500 World Title Guaranty Inc
Quit Claim Deed -- World Title Guaranty Inc
Quit Claim Deed -- World Title Guaranty Inc
Legal Action Court Order -- None Available
Warranty Deed $109,000 Gnt
Warranty Deed $109,000 --
Warranty Deed $41,000 --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Previous Owner $98,100 Purchase Money Mortgage
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12662925

Midwest Real Estate Data (MRED)

APN: 03-24-202-025-1016

Illinois Cook County Prospect Heights 60070 Forest River

850 E Old Willow Rd Unit 116, Prospect Heights, IL

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.

Midwest Real Estate Data (MRED) 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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Olga Obolonskaya
Listing Agent
Olga Obolonskaya
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Nova Terra Realty LLC
(224) 490-3998
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