Sold
Last Sold Price
9 beds
271 8th St, Wheeling, IL 60090
Multi FamilyProperty Type
0.30 acresLot Size
1970Year Built
12 carsParking Spaces

Description

Solid, free standing 6-unit investment property, which includes 3-two beds + 3-one beds spacious, well maintained apartments. Property is fully occupied mostly by long time residents, 12 parking spaces and owned washer & dryer. No association and low maintenance due to many improvements. Great turnkey investment.Solid, free standing 6-unit investment property, which includes 3-two beds + 3-one beds spacious, well maintained apartments. Property is fully occupied mostly by long time residents, 12 parking spaces and owned washer & dryer. No association and low maintenance due to many improvements. Great turnkey investment.

    Sold By Coldwell Banker Residential

    • Listed by: Lukasz 773.905.4848 greatlakescentral@gmail.com • Great Lakes Realty Central Inc
    Listing closed: 12/28/2015 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09034591

    Recent comparable sales

    Median sold price

    $760,000

    Avg days on market

    23

    Sale-to-list ratio

    102.2%

    Wheeling, IL

    9 comparable properties found

    $1,200,000 | 287 8th Street, Wheeling, IL 60090
    1/27
    1

    $1,200,000

    Sold 11/11/25

    11
    Bedrooms
    Unavailable
    Square Feet
    0.30
    Acres
    2

    $760,000

    Sold 12/02/24

    Unavailable
    Bedrooms
    6
    Bathrooms
    4,795
    Square Feet
    0.07
    Acres
    a front view of a house with a yard
    1/47
    3

    $570,000

    Sold 05/12/25

    6
    Bedrooms
    4,931
    Square Feet
    0.14
    Acres
    4

    $805,000

    Sold 05/09/25

    Unavailable
    Bedrooms
    6
    Bathrooms
    6,627
    Square Feet
    0.07
    Acres
    $940,000 | 404 Pleasant Run Drive, Wheeling, IL 60090
    1/3
    5

    $940,000

    Sold 08/21/26

    11
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    6

    $510,000

    Sold 08/12/25

    9
    Bedrooms
    4,417
    Square Feet
    1.10
    Acres
    $1,100,000 | 269 7th Street, Wheeling, IL 60090
    7

    $1,100,000

    Sold 08/28/26

    15
    Bedrooms
    Unavailable
    Square Feet
    0.30
    Acres
    $450,000 | 271 9th Street, Wheeling, IL 60090
    8

    $450,000

    Sold 07/24/26

    4
    Bedrooms
    2,000
    Square Feet
    0.15
    Acres
    a front view of house with yard and green space
    1/35
    9

    $465,000

    Sold 04/02/26

    3
    Bedrooms
    1,760
    Square Feet
    0.30
    Acres

    Location

    Add your commute

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    $3,583 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,402

    Property Taxes

    $1,182

    HOA Dues

    $0

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    Property Information for 271 8th Street

    Property Details
    • Taxes: $14,180 / year
    • MLS Type: Multi Family 5+ / Flats
    • County: Cook County
    • Area: Wheeling
    • Township: WHEELING
    • Air Conditioning Type: Wall Sleeve
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1970
    • Lot Size: 0.30 AC / 13,187 SF
    General Information
    Addtl Parking Information
    • Outdoor Parking: 6-12 Spaces
    • Open Parking Spaces: 12.0
    Location and General Information
    • Frontage Type: City Street
    • Information: 48-Hr Notice Required,No Sign on Property
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: Wall Sleeve
    • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
    • # Of Washers: 1
    • Heat/Ventilation: Heat Pump,Hot Water,Baseboard
    • # Of Window/Ac: 6
    • # Of Refrigerators: 6
    • Washer/Dryer Lsd: No
    • # Of Dryers: 1
    • Num of Baths: 6.0
    Utilities / Equipment
    • Utilities: Water-Community
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Flats
    • Lot Dimensions: 132X100
    • Lot Size Square Feet: 13187.0
    • Stories: 3
    • Exterior Building Type: Brick
    • Construction: Brick
    • Roof Type: Composition
    • Roof Structure: Hip
    • Foundation Details: Concrete Perimeter
    • Building Area Total: 5796
    • # Of Ranges: 6
    Property and Assessments
    • Documents Available: Existing Survey
    • Photos Count: 11
    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: $377.00
    • Fuel Expense: $3,660.00
    • Gross Income: $58,080.00
    • Gross Scheduled Income: $59,830.00
    • Insurance Expense: $2,650.00
    • Maintenance Expense: $.00
    • Electric Expense Source: Actual
    • Known Encumbrances: None Known
    • Expense Year: 2014
    • Total Annual Expense Source: Actual
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Actual
    • Janitor Expense: 0
    • Net Operating Income Year: 2014
    • Trash Expense Source: Actual
    • Total Monthly Income: 4840
    • Water Expense Source: Actual
    • Net Operating Income: $35,356.00
    • Operating Expense: $24,474.00
    • Other Expense: $.00
    • Trash Expense: $637.00
    • Water Sewer Expense: $3,000.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 1
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 1
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 1
    Unit 4
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 1
    Unit 5
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 1
    Unit 6
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 1
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 271 8th Street

    DateEvent & SourcePriceAppreciation
    Dec 28, 2015

    Sold (Public Record)

    Public Record #563483425

    $472,500

    -2.1% / yr

    Dec 28, 2015

    Sold

    MRED #09034591

    $472,500
    Nov 11, 2015

    Pending

    MRED #09034591

    DateEvent & SourcePrice
    12/28/2015

    Sold (Public Record)

    Public Record #563483425

    $472,500

    -2.1% / yr

    12/28/2015

    Sold

    MRED #09034591

    $472,500
    11/11/2015

    Pending

    MRED #09034591

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

    Public Records for 271 8th Street

    Taxable ValueLand$9,900Additions$51,874Total$61,774
    Tax Record2023$20,703 ($1,725 / month)
    Home Facts
    Baths6Total Finished SqFt5,796 SqFtAbove Grade Finished SqFt5,796 SqFtStories3Lot Size13,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyCOOKAPN03-02-313-001

    Schools near 271 8th Street

    This home is within Wheeling Central Consolidated School District 21.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 9 to 12
    Rating
    School
    Distance
    Eugene Field Elementary School
    PublicPK to 5

    Jack London Middle School
    Public6 to 8

    Wheeling High School
    Public9 to 12

    Vanguard 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.

    Neighborhood Map and Transit

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 271 8th Street, Wheeling, IL 60090
    $472,500
    9
    13,187
    $572,000
    6
    5,796
    13,200
    6
    5,796
    13,200
    $610,000
    6
    5,796
    13,200
    $750,000
    9
    13,000
    $275,000
    13,068

    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 Great Lakes Realty Central Inc

    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 04:43 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.