Sold
Last Sold Price
22 beds
343 N Mill Rd, Addison, IL 60101
Multi FamilyProperty Type
1970Year Built

Description

This well-maintained, free-standing concrete building features 12 units, including 10 two-bedroom apartments and 2 one-bedroom units. Many units updated. Building has been maintained great. Fully occupied and located in a high-demand rental area. This property is conveniently close to shopping, schools, jobs, and accessible transportation. This building offers an excellent investment opportunity.This well-maintained, free-standing concrete building features 12 units, including 10 two-bedroom apartments and 2 one-bedroom units. Many units updated. Building has been maintained great. Fully occupied and located in a high-demand rental area. This property is conveniently close to shopping, schools, jobs, and accessible transportation. This building offers an excellent investment opportunity.

    Sold By Koral Realty

    • Listed by: Angela Corcione 630.205.9575 angie@thecorteam.com • Fulton Grace Realty
    • Listed by: Giuseppe Battista 630.816.7600 Giuseppe@thecorteam.com • Fulton Grace Realty
    Listing closed: 03/19/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12279098

    Recent comparable sales

    Median sold price

    $1,757,000

    Avg days on market

    14

    Sale-to-list ratio

    96.9%

    Addison, IL

    9 comparable properties found

    a view of a yard in front of house
    1/6
    1

    $1,757,000

    Sold 12/11/25

    22
    Bedrooms
    Unavailable
    Square Feet
    0.46
    Acres
    a view of a yard in front of house
    1/7
    2

    $1,757,000

    Sold 12/11/25

    22
    Bedrooms
    Unavailable
    Square Feet
    0.46
    Acres
    a front view of a house with a garden
    1/7
    3

    $1,757,000

    Sold 12/11/25

    22
    Bedrooms
    Unavailable
    Square Feet
    0.46
    Acres
    $1,800,000 | 555 Valerie Lane, Addison, IL 60101
    1/13
    4

    $1,800,000

    Sold 12/23/24

    22
    Bedrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    $1,946,700 | 465 North Mill Road, Addison, IL 60101
    1/35
    5

    $1,946,700

    Sold 10/24/25

    22
    Bedrooms
    Unavailable
    Square Feet
    0.47
    Acres
    $801,000 | 304 Lincoln Court, Addison, IL 60101
    1/2
    6

    $801,000

    Sold 02/28/25

    11
    Bedrooms
    Unavailable
    Square Feet
    0.22
    Acres
    7

    $1,775,000

    Sold 02/11/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    7,684
    Square Feet
    0.45
    Acres
    front view of a house with a yard
    1/6
    8

    $879,000

    Sold 12/11/25

    11
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    a house view with a garden space
    1/2
    9

    $750,000

    Sold 12/18/24

    8
    Bedrooms
    Unavailable
    Square Feet
    0.22
    Acres

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $10,606 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $8,387

    Property Taxes

    $2,219

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 343 North Mill Road

    Property Details
    • Taxes: $26,632 / year
    • MLS Type: Multi Family 5+ / Multi Family 5+-Garden Complex
    • Area: Addison
    • Air Conditioning Type: Window Unit(s)
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 12
    • Year Built: 1970
    General Information
    Location and General Information
    • Information: List Broker Must Accompany
    Taxes and HOA Information
    • Additional Parcels: Yes
    Property Information
    Interior Features
    • Air Conditioning: Window Unit(s)
    • Electric: Circuit Breakers
    • # Of Washers: 2
    • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Radiators
    • # Of Refrigerators: 12
    • # Of Dryers: 2
    • Num of Baths: 12.0
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Air Conditioning, Electricity
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Garden Complex
    • Lot Dimensions: APPROX HALF ACRE
    • Stories: 3
    • Exterior Building Type: Brick, Stone, Wood
    • Construction: Brick, Stone, Wood
    • Roof Type: Composition
    • Roof Structure: Pitched
    • Foundation Details: Concrete Perimeter
    • # Of Ranges: 12
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 1
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 12
    Income & Expenses
    • Electric Expense: $971.00
    • Fuel Expense: $5,800.00
    • Gross Income: $160,320.00
    • Gross Scheduled Income: $160,320.00
    • Insurance Expense: $7,346.00
    • Maintenance Expense: $.00
    • Manager Expense: $.00
    • Electric Expense Source: Actual
    • Expense Year: 2023
    • Total Annual Expense Source: Actual
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Actual
    • Janitor Expense: 1980
    • Manager Expense Source: AC
    • Other Expense Source: Actual
    • Repairs-Decor Expense Source: Owner Projection
    • Trash Expense Source: Actual
    • Total Monthly Income: 13360
    • Water Expense Source: Actual
    • Net Operating Income: $99,577.00
    • Operating Expense: $60,743.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $13,610.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 10
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 2
    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 343 North Mill Road

    DateEvent & SourcePriceAppreciation
    Mar 19, 2025

    Sold

    MRED #12279098

    $1,650,000
    Feb 3, 2025

    Pending

    MRED #12279098

    Feb 3, 2025

    Contingent

    MRED #12279098

    DateEvent & SourcePrice
    03/19/2025

    Sold

    MRED #12279098

    $1,650,000
    02/03/2025

    Pending

    MRED #12279098

    02/03/2025

    Contingent

    MRED #12279098

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

    Public Records for 343 North Mill Road

    Taxable ValueLand$169,852Additions$254,795Total$424,647
    Tax Record2025$28,507 ($2,376 / month)
    Home Facts
    Total Finished SqFt7,017 SqFtAbove Grade Finished SqFt7,017 SqFtLot Size33,977 SqFtStyleMulti-Family Res (5+ Units)Year Built1965Year Renovated1965ZoningACountyDUPAGEAPN03-29-201-002

    Schools near 343 North Mill Road

    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
    Private - PK to 8
    Rating
    School
    Distance
    Army Trail Elementary School
    PublicK to 5

    Indian Trail Jr High School
    Public6 to 8

    Addison Trail High School
    Public9 to 12

    St Philip The Apostle School
    PrivatePK to 8

    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.

    Similar Homes

    New listings in 60101

    Coldwell Banker Realty Coming Soon

    $549,000

    3
    Bedrooms
    1,720
    Square Feet
    0.21
    Acres
    $359,900 | 2185 West Concord Lane, Unit 2185, Addison, IL 60101
    1/31
    Open: 9/12 02:00PM - 05:00PMNew

    $359,900

    2
    Bedrooms
    1,804
    Square Feet
    0.21
    Acres
    $849,000 | 198 North Catalpa Street, Addison, IL 60101
    1/23
    New

    $849,000

    6
    Bedrooms
    4,270
    Square Feet
    0.31
    Acres
    $349,999 | 10 Adams Drive, Addison, IL 60101
    1/19
    New

    $349,999

    3
    Bedrooms
    1,811
    Square Feet
    0.16
    Acres
    $325,000 | 100 South Wisconsin Avenue, Addison, IL 60101
    1/20
    Open: 9/6 12:00PM - 02:00PMNew

    $325,000

    2
    Bedrooms
    1,032
    Square Feet
    0.23
    Acres
    $385,000 | 136 May Street, Addison, IL 60101
    1/32

    $385,000

    3
    Bedrooms
    1,698
    Square Feet
    Unavailable
    Acres
    $399,999 | 2124 West Concord Lane, Addison, IL 60101
    1/29

    $399,999

    3
    Bedrooms
    1,804
    Square Feet
    Unavailable
    Acres
    $799,900 | 1212 Grove Avenue, Addison, IL 60101
    1/42

    $799,900

    4
    Bedrooms
    2,952
    Square Feet
    0.03
    Acres
    $379,000 | 635 North Rumple Lane, Addison, IL 60101
    1/32
    Contingent

    $379,000

    3
    Bedrooms
    1,597
    Square Feet
    0.19
    Acres

    Nearby home values

    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 Fulton Grace 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 10/27/2025 03:30 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.