$260,000
SOLD JUN 12, 2024

8784 Archer Ave Willow Springs, IL 60480

3 Beds
2 Baths
-- Sq Ft
0.93 Acres

Recently Sold

10% Below List Price

152 Days on Market

Highlights

  • 0.93 Acre Lot
  • 5-minute walk to Willow Springs Station
  • Property is near a park
  • Amos Alonzo Stagg High School Rated A
  • Deck
  • Screened Porch

About This Home

As of June 2024

Opportunity to invest in an area with immense potential! Situated in a highly sought-after location, this property is primed for development. Currently used as a rental building, it offers the versatility to transition seamlessly into either COMMERCIAL or RESIDENTIAL use, providing a dual zoning option for potential buyers. The first floor boasts 2 bedrooms, 1 bathroom, and hardwood flooring throughout. On the second floor, you'll find 1 bedroom and 1 bathroom. With two separate electric meters, the property offers flexibility for different uses. Additionally, the expansive basement provides ample space for extra storage, further enhancing its utility. Each floor tenant is allocated two parking spots, and the property is conveniently within walking distance of the Metra. The land itself is just shy of an acre. Additional 2 acres for sale next door. This property is a must-see for anyone with an interest in embarking on their next development project! Close to I55 & I294, forest preserves, walking trails, shopping.

Last Agent to Sell the Property

Izabela Omielan

Coldwell Banker Realty License #475175833 Listed on: 10/24/2023

Coldwell Banker Realty

Co-Listed By

Joel Klecka

Coldwell Banker Realty License #471006564

Last Buyer's Agent

Joel Mandujano

Midwest Real Estate Brokerage LLC License #475139231

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,845

Year Built

  • Built in 1929

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 98x387x97x389
  • Paved or Partially Paved Lot

Home Design

  • Bungalow
  • Block Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Screened Porch
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Side or Rear Entrance to Parking
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Deck
  • Shed

Location

  • Property is near a park
  • Property is near a forest

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,845

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Room Type: Enclosed Porch, Screened Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • Foundation Details: Block
  • List Price: 289900
  • Lot Features: Forest Preserve Adjacent
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • OpenParkingSpaces: 4
  • Parking Features: Off Street, Driveway, Rear/Side Entry
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Middle/Junior School District: 108

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.93
  • Lot Dimensions: 98X387X97X389
  • Zoning: LNC
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 11844.89
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Range of Values:

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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 Change Sq Ft Price
06/12/2024 06/12/24 Sold $260,000 -10.3% --
03/25/2024 03/25/24 Pending -- -- --
02/10/2024 02/10/24 For Sale $289,900 0.0% --
01/09/2024 01/09/24 Pending -- -- --
11/20/2023 11/20/23 Price Changed $289,900 -3.3% --
10/24/2023 10/24/23 For Sale $299,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11899317

Midwest Real Estate Data (MRED)