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Sold on 02/20/2018
Joe Patyk of Coldwell Banker Residential

107 W Michael Ln, Addison, IL 60101

  • $351,000

    Last sold 02/20/2018 after 77 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 107 W Michael Ln

Property type Multi-family
Year built 1962
HOA fee $0/month
Lot size 9,148 Sqft
Property description
Tremendous investment opportunity! Solid, all-brick, 4-unit, bi-level building with excellent cash flow. Each unit features 2 bedrooms, full bath, large kitchen with eating area & vaulted ceiling in huge family room. Roomy walk-out lower level (units A & C are finished). Tear off roof & new gutters in 2012. Separate gas & electric meters. Plenty of parking space available with 7 assigned spaces + off street. Individual hot water tanks & furnaces. Potential to increase monthly rents. Near restaurants, shopping, parks, schools. Convenient to expressways & Metra. Fully leased. Loyal tenants (2, 3 & 6 years).
Listed by
Listing Agent - Joe Patyk
Listing Office - Coldwell Banker Residential
Source: MRED mls logo
MLS#09812425 • last updated 8 years ago
Movoto checked MRED for data 21 minutes ago
Overview
Heating Gas, Forced Air
Levels/Style Bi-Level
MLS # 9812425
Type Two To Four Units
Property Tax $ 7875
Year Built 1962
Interior
Basement Finished, Unfinished, Exterior Access, Partial, Walkout
Total # of Rooms 20
Other Room(s) Recreation Room, Utility Room-Lower Level
Exterior
Exterior Brick
Roof Asphalt/Glass (Shingles)
Parking Desc Space/s, Assigned Spaces
# Parking Spaces 7, 7
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Sewer-Public, Sewer-Storm
Water Source Lake Michigan, Public
Location
Community Features Sidewalks, Street Lights, Street Paved
County Du Page
Elementary School LINCOLN ELEMENTARY SCHOOL
Middle School INDIAN TRAIL JUNIOR HIGH SCHOOL
High School District 88
Elementary School District 4
Middle School District 4
High School ADDISON TRAIL HIGH SCHOOL
Directions Addison, North Of Lake, To Michael Lane, West To Units.
APN 321311018
Zoning MULTI
Multifamily Details
Unit 2: Interior Features Stove, Refrigerator, Range Hood, Cathedral Ceilings, Hardwood Floors
Unit 3: Interior Features Stove, Refrigerator, Range Hood, Cathedral Ceilings, Hardwood Floors
Unit 1: Interior Features Stove, Refrigerator, Range Hood, Cathedral Ceilings, Hardwood Floors
Unit 4: Interior Features Stove, Refrigerator, Range Hood, Cathedral Ceilings, Hardwood Floors
Unit 4: Tenant Pays Electric, Gas, Heat
Unit 3: Tenant Pays Electric, Gas, Heat
Unit 2: Tenant Pays Electric, Gas, Heat
Unit 1: Tenant Pays Electric, Gas, Heat
Unit 1: Rent 850
Unit 3: Rent 850
Unit 2: Rent 850
Unit 3: Total # of Rooms 5
Unit 1: Total # of Rooms 5
Unit 4: Total # of Rooms 5
Unit 2: Total # of Rooms 5
Unit 4: Rent 820
Unit 4: # of Bedrooms 2
Unit 3: # of Bedrooms 2
Unit 2: # of Bedrooms 2
Unit 1: # of Bedrooms 2
Gross Rental Income 40, 44
Net Operating Income 26869
Unit 4: Security Deposit 820
Unit 2: Security Deposit 850
Unit 1: Security Deposit 850
Unit 3: Security Deposit 850
We are not permitted to show value estimates for this property.
  • Feb 2018
    Public Records
  • Feb 22, 2018 Sold
    $351,000
  • Feb 2018
    mls logo MLS # 09812425
  • Feb 20, 2018 Sold
    $351,000 (+4.8%)
  • Jan 4, 2018 Contingent
    —
  • Dec 31, 2017 Temporarily No Showings
    —
  • Dec 30, 2017 Contingent
    —
  • Dec 25, 2017 Re-Activated
    —
  • Dec 8, 2017 Contingent
    —
  • Dec 5, 2017 Listed
    $335,000 (+71.8%)
  • Jan 2011
    Public Records
  • Jan 12, 2011 Sold
    $195,000
  • Dec 2010
    mls logo MLS # 07518072
  • Dec 28, 2010 Sold
    $195,000 (-7.1%)
  • May 3, 2010 Listed
    $210,000 (+5.1%)
  • Dec 2009
    mls logo MLS # 07393107
  • Dec 12, 2009 Cancelled
    —
  • Dec 6, 2009 Listed
    $199,900 (-50.0%)
  • Sep 2009
    mls logo MLS # 07208262
  • Sep 29, 2009 Cancelled
    —
  • May 5, 2009 Listed
    $399,900 (-11.1%)
  • May 2006
    Public Records
  • May 4, 2006 Sold
    $450,000
  • 107 W Michael Ln
    $351K
  • —
  • 60101
    $440K +6% y/y
  • Addison
    $440K +6% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lincoln Elementary School
public Grades K-5
Addison School District 4
4/10
Indian Trail Jr High School
public Grades 6-8
Addison School District 4
5/10
Addison Trail High School
public Grades 9-12
Dupage Hsd 88 School District
Source: GreatSchools.org © 2026. All rights reserved.

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