Sold
Last Sold Price
11 beds
287 8th St, Wheeling, IL 60090
Multi FamilyProperty Type
0.30 acresLot Size
1978Year Built

Description

Prime Investment Opportunity in the Heart of Wheeling! Welcome to 287 8th Street, a fully remodeled six-unit multifamily building ideally located in the thriving heart of Wheeling. This turn-key property features five spacious 2-bedroom units and one 1-bedroom unit, all recently renovated with modern finishes throughout. Each of the 2-bedroom units includes in-unit laundry, a highly desirable amenity that adds value and convenience for tenants. All units boast updated kitchens, bathrooms, flooring,...Prime Investment Opportunity in the Heart of Wheeling! Welcome to 287 8th Street, a fully remodeled six-unit multifamily building ideally located in the thriving heart of Wheeling. This turn-key property features five spacious 2-bedroom units and one 1-bedroom unit, all recently renovated with modern finishes throughout. Each of the 2-bedroom units includes in-unit laundry, a highly desirable amenity that adds value and convenience for tenants. All units boast updated kitchens, bathrooms, flooring, and fixtures-ensuring low maintenance and strong tenant appeal. Recent upgrades have allowed for increased rents, making this an excellent cash-flowing asset for investors seeking stable returns in a growing market. Don't miss this rare opportunity to own a fully updated multi-unit building in one of Wheeling's most accessible and walkable neighborhoods. Whether you're looking to expand your portfolio or begin your real estate investment journey, 287 8th Street delivers both immediate income and long-term value.

Listing Agent

  1. Galya Georgieva

    Galya Georgieva

    Listing Agent

    Coldwell Banker Realty

    GALYA.GEORGIEVA.GG@GMAIL.COM

    P: (630) 965-7328

    M: (630) 965-7328

Sold By HomeSmart Connect

Listing closed: 11/11/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12493592

Recent comparable sales

Median sold price

$940,000

Avg days on market

25

Sale-to-list ratio

96.0%

Wheeling, IL

9 comparable properties found

$940,000 | 404 Pleasant Run Drive, Wheeling, IL 60090
1/3
1

$940,000

Sold 08/21/26

11
Bedrooms
Unavailable
Square Feet
0.07
Acres
2

$760,000

Sold 12/02/24

Unavailable
Bedrooms
6
Bathrooms
4,795
Square Feet
0.07
Acres
$1,100,000 | 269 7th Street, Wheeling, IL 60090
3

$1,100,000

Sold 08/28/26

15
Bedrooms
Unavailable
Square Feet
0.30
Acres
4

$805,000

Sold 05/09/25

Unavailable
Bedrooms
6
Bathrooms
6,627
Square Feet
0.07
Acres
5

$967,500

Sold 01/16/26

Unavailable
Bedrooms
5
Bathrooms
6,698
Square Feet
0.07
Acres
$785,000 | 384 Inland Drive, Wheeling, IL 60090
1/2
6

$785,000

Sold 02/10/25

27
Bedrooms
Unavailable
Square Feet
0.08
Acres
7

$1,100,000

Sold 07/20/26

1
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
8

$1,100,000

Sold 05/15/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
a front view of a house with a yard
1/47
9

$570,000

Sold 05/12/25

6
Bedrooms
4,931
Square Feet
0.14
Acres

Location

Add your commute

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$7,961 per month

30 year fixed, 6.71% Interest

Principal and Interest

$6,201

Property Taxes

$1,760

HOA Dues

$0

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Property Information for 287 8th Street

Property Details
  • Taxes: $21,114 / year
  • MLS Type: Multi Family 5+ / Hi-Rise
  • County: Cook County
  • Area: Wheeling
  • Township: Wheeling
  • Air Conditioning Type: Wall Sleeve, Window Unit(s)
  • Zoning: MULTI
Building Information
  • Stories: 3
  • Residences: 6
  • Year Built: 1978
  • Lot Size: 0.30 AC / 13,200 SF
General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: None
  • Air Conditioning: Wall Sleeve, Window Unit(s)
  • # Of Washers: 6
  • Heat/Ventilation: Electric
  • # Of Window/Ac: 17
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 6
  • # Of Dishwashers: 5
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Hi-Rise
  • Lot Dimensions: 100 X 132
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 26
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
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: $500.00
  • Fuel Expense: $2,600.00
  • Gross Income: $132,900.00
  • Gross Scheduled Income: $132,900.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $2,259.00
  • Electric Expense Source: Actual
  • Expense Year: 2025
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 1345
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 11075
  • Water Expense Source: Actual
  • Net Operating Income: $95,203.00
  • Operating Expense: $16,583.00
  • Other Expense: $2,920.00
  • Trash Expense: $780.00
  • Water Sewer Expense: $3,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 287 8th Street

DateEvent & SourcePriceAppreciation
Nov 11, 2025

Sold

MRED #12493592

$1,200,000
Nov 7, 2025

Sold (Public Record)

Public Record #1921338163

$1,200,000

+14.3% / yr

Oct 18, 2025

Pending

MRED #12493592

DateEvent & SourcePrice
11/11/2025

Sold

MRED #12493592

$1,200,000
11/07/2025

Sold (Public Record)

Public Record #1921338163

$1,200,000

+14.3% / yr

10/18/2025

Pending

MRED #12493592

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

Public Records for 287 8th Street

Taxable ValueLand$11,880Additions$61,120Total$73,000
Tax Record2023$21,114 ($1,760 / month)
Home Facts
Baths6Total Finished SqFt5,796 SqFtAbove Grade Finished SqFt5,796 SqFtStories3Lot Size13,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1977Year Renovated1978CountyCOOKAPN03-02-305-005-0000

Schools near 287 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: 287 8th Street, Wheeling, IL 60090
$1,200,000
11
13,200
$610,000
6
5,796
13,200
$484,000
6
5,796
13,200
6
5,796
13,200
6
5,796
13,200
$725,000
11
13,231

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 Coldwell Banker 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 11/13/2025 04:04 PM. 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.