$760,000
$799,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
820 Piper LN Prospect Heights, IL 60070
5,796 SqFt
Key Details
Sold Price $760,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,796 sqft
Price per Sqft $131
MLS Listing ID 12221284
Maintenance Fees $4,750
Year Built 1972
Annual Tax Amount $16,211
Tax Year 2023
Property Sub-Type Multi Family 5+
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
Area Prospect Heights
Zoning MULTI
Interior
Cooling Window Unit(s)
Exterior
Utilities Available Sewer Connected
Roof Type Other
Building
Sewer Storm Sewer
Water Municipal Water
Structure Type Brick,Concrete
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Ruben Acevedo • Global Ruben's Team Realty