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$ 799,000
Est. payment /mo
Active
820 Piper Lane Prospect Heights, IL 60070
5,796 SqFt
UPDATED:
12/12/2024 06:07 AM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,796 sqft
Price per Sqft $137
MLS Listing ID 12221284
Year Built 1972
Annual Tax Amount $16,211
Tax Year 2023
Lot Dimensions 125X110
Property Description
This 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.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Sewer-Storm Available, Water-Municipal
View Y/N true
Roof Type Other
Building
Foundation Concrete Perimeter
Structure Type Brick,Concrete
Others
HOA Fee Include Parking,Exterior Maintenance,Scavenger,Snow Removal
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Kim • Homes R Us Realty Inc.