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Sold on 01/26/2018
James Chipain of Realty Executives Elite

860 Maple Ln, Wheeling, IL 60090

  • $610,000

    Last sold 01/26/2018 after 100 Days

  • 4

    bed

  • 2

    bath

  • 6,300

    Sqft ($97/Sqft)

Multi-family not for sale
Movoto is helping 17 homebuyers near you

About 860 Maple Ln

Property type Multi-family
Year built 1981
HOA fee $0/month
Lot size 0.33 Acre
Property description
Rare find in Wheeling! All brick, well maintained, low maintenance 3-story 6-unit investment property consisting of three two-bedroom apartments. Ground level apartments demand higher rent due to large finished basements for additional living space. All units similar in style and condition. 100% occupied with many of the tenants being long term. Always in demand. 14 outside parking spaces and owned laundry facility for additional income. Great investment opportunity: perfect starter investment or add to existing portfolio. Turn key. Fantastic buy with great cash flow! Value add opportunity: self-managed off-site for several years.
Listed by
Listing Agent - James Chipain
Listing Office - Realty Executives Elite
Source: MRED mls logo
MLS#09780329 • last updated 8 years ago
Movoto checked MRED for data 35 minutes ago
Overview
Cooling/AC Window Unit/s
Levels/Style 3
MLS # 9780329
Type Multi Family 5+
Property Tax $ 17466.8
Year Built 1981
Interior
# Of Full Bthrms - Type 2 1
Exterior
Exterior Brick
# Of Parking Spaces 14
Amenities / Utilities
# Units in Building 6
Location
County Cook
Directions From Palatine Road, Head North On Elmhurst Rd. Turn East On Prospect Dr. And Then North On Maple Lan
APN 3152050220000
Zoning MULTI
Multifamily Details
Unit 1: Total # of Rooms 5
Unit 2: Total # of Rooms 6
Unit 2: # of Bedrooms 2
Unit 1: # of Bedrooms 2
Unit 1: # Full Bath 1
Expense: Electricity 460
Gross Rental Income 76080
Net Operating Income 42418
Total Annual Expense 34991
Gross Rent Multiplier 8.5
Expense: Fuel 2486
Total Annual Expense Source Owner Projection
Expense: Water 2488
Expense: Insurance 2737
Total Annual Income 77409
Lot/ Land Details
Road Frontage City Street
Current Use Residential-Multi-Family
We are not permitted to show value estimates for this property.
  • Jan 2018
    mls logo MLS # 09780329
  • Jan 26, 2018 Sold
    $610,000 (-6.2%)
  • Jan 22, 2018 Pending
    —
  • Nov 25, 2017 Contingent
    —
  • Nov 8, 2017 Re-Activated
    —
  • Oct 24, 2017 Contingent
    —
  • Oct 24, 2017 Pending
    —
  • Oct 18, 2017 Listed
    $650,000
  • 860 Maple Ln
    $610K
  • —
  • 60090
    $318K -4% y/y
  • Wheeling
    $315K -5% y/y
No chart available
Statistics calculated by Movoto

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N/A
Dwight D Eisenhower Elementary School
public Grades PK, K-1
Prospect Heights School District 23
7/10
Anne Sullivan Elementary School
public Grades 4-5
Prospect Heights School District 23
8/10
Betsy Ross Elementary School
public Grades 2-3
Prospect Heights School District 23
9/10
Macarthur Middle School
public Grades 6-8
Prospect Heights School District 23
5/10
Wheeling High School
public Grades 9-12
Township Hsd 214 School District
Source: GreatSchools.org © 2026. All rights reserved.

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