Sold
Last Sold Price
11 beds
209 W Michael Ln, Addison, IL 60101
Multi FamilyProperty Type
8,712 sq ftLot Size
1964Year Built
11 carsParking Spaces

Description

Great investment opportunity! All brick 6flat with pitched roof. 5 two bedrooms. A lot of work has been done to this building in the last year and it shows! Great income producing property that is priced aggressively! Call listing agent to schedule showings.Great investment opportunity! All brick 6flat with pitched roof. 5 two bedrooms. A lot of work has been done to this building in the last year and it shows! Great income producing property that is priced aggressively! Call listing agent to schedule showings.

    Sold By Coldwell Banker Gladstone

    • Listed by: Nick 630.333.7661 kostopoulosnick@yahoo.com • Century 21 TK Realty
    Listing closed: 11/25/2013 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 08322589

    Recent comparable sales

    Median sold price

    $400,000

    Avg days on market

    15

    Sale-to-list ratio

    101.4%

    Addison, IL

    9 comparable properties found

    $801,000 | 304 Lincoln Court, Addison, IL 60101
    1/2
    1

    $801,000

    Sold 02/28/25

    11
    Bedrooms
    Unavailable
    Square Feet
    0.22
    Acres
    front view of a house with a yard
    1/6
    2

    $879,000

    Sold 12/11/25

    11
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    3

    $420,500

    Sold 07/20/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.12
    Acres
    4

    $325,000

    Sold 04/21/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    1,231
    Square Feet
    Unavailable
    Acres
    $325,000 | 4-n041 Elmwood Avenue, Addison, IL 60101
    1/5
    5

    $325,000

    Sold 08/26/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    1
    Acres
    6

    $360,000

    Sold 12/06/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    2,500
    Square Feet
    Unavailable
    Acres
    7

    $420,000

    Sold 05/09/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    6,000
    Square Feet
    Unavailable
    Acres
    8

    $400,000

    Sold 08/04/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    5,112
    Square Feet
    Unavailable
    Acres
    9

    $370,000

    Sold 12/20/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres

    Location

    Add your commute

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    $2,708 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,023

    Property Taxes

    $685

    HOA Dues

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    Property Information for 209 West Michael Lane

    Property Details
    • Taxes: $8,218 / year
    • MLS Type: Multi Family 5+ / Flats
    • Area: Addison
    • Township: ADDISON
    • Num of Interior Fireplaces: 0
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1964
    • Lot Size: 0.20 AC / 8,712 SF
    General Information
    Location and General Information
    • Information: None
    • Postal Code Plus 4: 0
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • # Of Washers: 1
    • Heat/Ventilation: Gas
    • # Of Window/Ac: 0
    • # Of Refrigerators: 6
    • Washer/Dryer Lsd: Yes
    • # Of Dryers: 1
    • # Of Disposals: 0
    • # Of Dishwashers: 0
    • Num of Baths: 0.0
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Flats
    • Lot Dimensions: 64 X 150
    • Lot Size Square Feet: 0.0
    • Stories: 3
    • # Of Ranges: 6
    Property and Assessments
    • Photos Count: 1
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 6
    Income & Expenses
    • Electric Expense: $1,822.00
    • Fuel Expense: $2,820.00
    • Gross Income: $58,080.00
    • Gross Scheduled Income: $60,180.00
    • Insurance Expense: $1,500.00
    • Maintenance Expense: $1,300.00
    • Expense Year: 2012
    • Total Annual Expense Source: Actual
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Actual
    • Janitor Expense: 1100
    • Net Operating Income Year: 2012
    • Repairs-Decor Expense Source: Actual
    • Trash Expense Source: Actual
    • Total Monthly Income: 4840
    • Water Expense Source: Actual
    • Net Operating Income: $37,755.00
    • Operating Expense: $22,425.00
    • Other Expense: $600.00
    • Trash Expense: $1,014.00
    • Water Sewer Expense: $4,051.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 5
    • # Of Rooms - Unit 1: 4
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 825
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 1
    • # Of Rooms - Unit 2: 3
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 720
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 3: 0
    • # Of Full Bthrms - Type 3: 1
    • Monthly Income - 3: 0
    Unit 4
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 4: 0
    • # Of Full Bthrms - Type 4: 1
    • Monthly Income - 4: 0
    Unit 5
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 5: 0
    • # Of Full Bthrms - Type 5: 1
    • Monthly Income - 5: 0
    Unit 6
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    • # Of Full Bthrms - Type 6: 1
    • Monthly Income - 6: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 7: 0
    • # Of Full Bthrms - Type 7: 0
    • Monthly Income - 7: 0

    Property History for 209 West Michael Lane

    DateEvent & SourcePriceAppreciation
    Nov 25, 2013

    Sold (Public Record)

    Public Record #379754697

    $398,000

    +5.0% / yr

    Nov 25, 2013

    Sold

    MRED #08322589

    $398,000
    Jun 4, 2013

    Pending

    MRED #08322589

    DateEvent & SourcePrice
    11/25/2013

    Sold (Public Record)

    Public Record #379754697

    $398,000

    +5.0% / yr

    11/25/2013

    Sold

    MRED #08322589

    $398,000
    06/04/2013

    Pending

    MRED #08322589

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 209 West Michael Lane

    Taxable ValueLand$84,991Additions$88,470Total$173,461
    Tax Record2025$11,644 ($970 / month)
    Home Facts
    Total Finished SqFt3,869 SqFtAbove Grade Finished SqFt3,869 SqFtLot Size9,583 SqFtStyleMulti-Family Res (5+ Units)Year Built1964Year Renovated1964ZoningACountyDUPAGEAPN03-21-311-005

    Schools near 209 West Michael Lane

    This home is within Addison School District 4.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 5
    Public - 6 to 8
    Public - 9 to 12
    Rating
    School
    Distance
    Lincoln Elementary School
    PublicK to 5

    Indian Trail Jr High School
    Public6 to 8

    Addison Trail High School
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 209 West Michael Lane, Addison, IL 60101
    $398,000
    11
    8,712
    $457,500
    11
    9,600
    $530,000
    11
    9,761
    $350,000
    3,869
    10,019
    2,992
    9,148
    3,869
    10,019

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Century 21 TK Realty

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 04:37 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.