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  • $380,000

    218 S Main St, Mount Prospect, IL 60056

    4beds
    --sqft
    Multi Family
    Built in 1924
    -- sqft lot
    $525,400 Zestimate®
    $--/sqft
    $2,020 Estimated rent

    Home value

    $525,400

    $483,000 - $573,000

    $2,020/mo

    Zestimate® history
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    What's special

    Opportunity is knocking! Are you listening? A Rare Find! A charming legal 2 flat that offers the savvy buyer a number of ownership options such as the opportunity to offset their mortgage payment with excellent rental income. This classic Chicago bungalow is in great shape 1 block from town, Metra, lots of new restaurants, Caputo's market, Starbucks and much more. This gives you the Chicago vibe of a trendy neighborhood right here in Mount Prospect, one of the suburbs most desirable communities complete with great schools and park district among many other pluses! The gigantic 2.5+ car detached garage and long driveway makes room for numerous vehicles. There is a fenced yard for pets too. The home is spacious and is in excellent condition with refinished hardwood floors in the huge living and separate formal dining room as well as the 2 bedrooms on the first floor. The enclosed 3 season front porch is another pleasing Bungalow architectural feature. The kitchen complete with a small pantry has very new appliances and a new hood over the stove. The 1st floor bath has been updated with a very large walk-in shower. All the windows in the house have been replaced and the seller has upgraded the electric system as well as adding central air ($22,000- the summer of 2023) to the first floor. Roof is 2008 and boiler has been replaced recently. The back of the house is pure Chicago 2 flat with 2 enclosed back porches (unheated, but comfortable for 3 seasons). The porches are off the kitchens of both apartments and provide access to both apartments as well as to the huge dry unfinished basement. The upstairs apartment is very roomy with a large eat-in kitchen, 2 bedrooms and a huge room that could be a den, huge upstairs office, playroom or 3rd bedroom. Come see it today. It is well worth your time! The upstairs apartment is currently rented to a close relative of the seller at a discounted rate of $1,100/month. The tenant tentatively would like to stay until the end of March but has some flexibility. The first-floor apartment is vacant for immediate occupancy at closing. Mt. Prospect's downtown is exploding with all kinds of things to do and this location is about 1 block to Metra train to downtown. This location could mean just being able to have only one car. Make a smart financial decision and buy it today.

    Zillow last checked: 8 hours ago

    Listing updated: February 09, 2024 at 08:44am

    Listing courtesy of:

    James Regan 847-902-1721,

    RE/MAX Suburban

    Bought with:

    Matthew Messel

    Compass

    Source: MRED as distributed by MLS GRID,MLS#: 11945759MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 2.5
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2.5
    Features
    • Fencing: Fenced
    Lot
    • Size: 7,850 sqft
    • Dimensions: 50X157
    Details
    • Parcel number: 08121190210000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding
    Condition
    • New construction: No
    • Year built: 1924

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Location
    • Region: Mount Prospect

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    2/9/2024Sold$380,000-7.3%
    Source: MRED as distributed by MLS GRID #11945759 Report a problem
    1/17/2024Contingent$409,900
    Source: MRED as distributed by MLS GRID #11945759 Report a problem
    12/20/2023Price change$409,900-3.5%
    Source: MRED as distributed by MLS GRID #11945759 Report a problem
    12/1/2023Listed for sale$424,900+26.8%
    Source: MRED as distributed by MLS GRID #11939858 Report a problem
    7/27/2023Sold$335,000-9.2%
    Source: MRED as distributed by MLS GRID #11812430 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2023$11,492 +4%$41,256
    2022$11,050 +1.8%$41,256 +18.4%
    2021$10,854 +2.1%$34,835

    Find assessor info on the county website

    Neighborhood: 60056

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lions Park Elementary School
    • Middle: Lincoln Junior High School
    • High: Prospect High School
    • District: 57

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value

    $525,400