Sold!
$1,410,000
5
Beds
5
Baths
3,859
Living Area
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Property Description
Located in the heart of Arlington Heights, this charming five-family home offers a rare investment opportunity. Consisting of five one-bedroom units and a history of long-standing tenants, this property boasts strong and stable rental income. Grandfathered as a legal five-family home, it provides unique investment security. Meticulously maintained and owned by the same dedicated owner for over 60 years, this residence has stood the test of time. Its prime location, coupled with the reliability of long-term tenants, makes this property an exceptional addition to any investor’s portfolio. Recent upgrades include newer heating systems, hot water tanks, and updated electrical systems, with rents covering both heat and hot water. All tenants are eager to stay, ensuring continued stability and income potential for the future owner. Seller welcomes offers with requests for buyer concessions.
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Highlights
- Heating: Natural Gas
- Parking Spots: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 20
- Status: Closed
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1907
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Exterior Features: Rain Gutters
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R2
- Basement: Full, Interior Entry, Bulkhead, Concrete, Unfinished
- Exclusions: Tenants Possessions.
- Flooring: Vinyl, Carpet, Laminate, Hardwood
- Interior Features: Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Public School
- Waterfront Features: Lake/Pond, 1/2 to 1 Mile To Beach
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers, 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,241,900
- Tax Year: 2024
- Total Rent: $8,575
- Rental Fee Includes: Unit 1(Electric, Water), Unit 2(Electric, Water), Unit 3(Electric, Water), Unit 4(Electric, Water)
- Taxes: $13,152
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Gibson Sotheby's International Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
