891 Piper Ln Prospect Heights, IL 60070
Forest River NeighborhoodEstimated payment $5,546/month
About This Home
NICE WELL-MAINTAINED, FULLY RENTED FREE-STANDING BRICK BUILDING WITH 12 PARKING SPOTS, NEWER BALCONIES. THREE UNITS HAVE 2 BEDROOMS AND THREE UNITS HAVE 1 BEDROOM. NEWER WASHER AND DRYER FOR EXTRA INCOME. CLOSE TO SHOPPING MALL. TENANT PAYS ELECTRICITY ONLY. ASSOSIATION FEE INCLUDES LANDSCAPING , SNOW REMOVAL AND 12 PARKING SPOT.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,624
Year Built
- Built in 1977
Home Design
- Concrete Perimeter Foundation
Additional Features
- 3-Story Property
- Heating System Uses Gas
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $428
- Fuel Expense $2,670
- Insurance Expense $4,000
- Maintenance Expense $2,300
- Other Expense $4,110
- Water Sewer Expense $7,152
- Operating Expense $34,635
- Gross Income $79,200
- Net Operating Income $44,566
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 |
|---|---|---|---|---|
| 2025 | $17,624 | $66,000 | $7,987 | $58,013 |
| 2024 | $17,624 | $51,000 | $3,195 | $47,805 |
| 2023 | $16,545 | $51,000 | $3,195 | $47,805 |
| 2022 | $16,545 | $51,000 | $3,195 | $47,805 |
| 2021 | $12,809 | $33,948 | $1,996 | $31,952 |
| 2020 | $12,412 | $33,948 | $1,996 | $31,952 |
| 2019 | $13,133 | $39,292 | $1,996 | $37,296 |
| 2018 | $12,099 | $32,480 | $1,797 | $30,683 |
| 2017 | $11,879 | $32,480 | $1,797 | $30,683 |
| 2016 | $11,526 | $32,480 | $1,797 | $30,683 |
| 2015 | $9,715 | $25,265 | $1,597 | $23,668 |
| 2014 | $9,483 | $25,265 | $1,597 | $23,668 |
| 2013 | $8,855 | $25,265 | $1,597 | $23,668 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/19/2025 11/19/25 | Pending | -- | -- | -- | |
| 11/13/2025 11/13/25 | For Sale | $785,000 | +49.5% | -- | |
| 10/29/2020 10/29/20 | Sold | $525,000 | -4.5% | -- | View Prior Sale |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- | |
| 09/17/2020 09/17/20 | For Sale | $550,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12487224
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