Closed
Last Sold Price
$750,000
8 beds

461 N Addison Rd, Addison, IL 60101

Multi FamilyProperty Type
0.22 acresLot Size
1962Year Built

Description

Money making 6 unit in a great area. This building has four -1 bedroom units, a 2 bedroom and an oversized 2 (that could have a 3rd bdr) bedroom that has 2 baths. There is a full basement as well. This building is well taken care of. Tenants pay their own electric, so expenses are lower. Make this a must add to your portfolio building.Money making 6 unit in a great area. This building has four -1 bedroom units, a 2 bedroom and an oversized 2 (that could have a 3rd bdr) bedroom that has 2 baths. There is a full basement as well. This building is well taken care of. Tenants pay their own electric, so expenses are lower. Make this a must add to your portfolio building.

    Sold By HomeSmart Connect LLC

    • Listed by: Bryan Kasprisin 815.791.2357 bkrealtor@aol.com • RE/MAX Professionals Select
    Listing closed: 12/18/2024 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12195790
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    Recent comparable sales

    Median sold price

    $950,000

    Avg days on market

    14

    Sale-to-list ratio

    101.8%

    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
    $950,000 | 841 College Boulevard, Addison, IL 60101
    1/11
    3

    $950,000

    Sold 06/01/26

    9
    Bedrooms
    Unavailable
    Square Feet
    0.08
    Acres
    $950,000 | 825 College Boulevard, Addison, IL 60101
    1/17
    4

    $950,000

    Sold 06/01/26

    9
    Bedrooms
    Unavailable
    Square Feet
    0.08
    Acres
    $995,000 | 829 College Boulevard, Addison, IL 60101
    5

    $995,000

    Sold 09/15/26

    9
    Bedrooms
    Unavailable
    Square Feet
    0.08
    Acres
    $1,020,000 | 840 College Boulevard, Addison, IL 60101
    1/8
    6

    $1,020,000

    Sold 09/25/26

    9
    Bedrooms
    Unavailable
    Square Feet
    0.03
    Acres
    a front view of a house with garden
    1/6
    7

    $645,000

    Sold 02/03/25

    8
    Bedrooms
    Unavailable
    Square Feet
    0.17
    Acres
    a view of a house with a balcony
    1/9
    8

    $701,500

    Sold 12/03/24

    8
    Bedrooms
    Unavailable
    Square Feet
    0.18
    Acres
    $995,000 | 827 College Boulevard, Addison, IL 60101
    9

    $995,000

    Sold 09/15/26

    9
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres

    Location

    Add your commute
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    OriginPoint Mortgage or Rocket Mortgage1

    $5,114 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $4,004

    Property Taxes

    $1,111

    HOA Dues

    $0

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    Property Information for 461 North Addison Road

    Property Details

    • Taxes: $13,326 / year
    • MLS Type: Multi Family 5+ / Flats
    • Area: Addison
    • Township: Addison
    • Air Conditioning Type: Window Unit(s)
    • Zoning: MULTI

    Building Information

    • Stories: 2
    • Residences: 6
    • Year Built: 1962
    • Lot Size: 0.22 AC / 9,576 SF

    General Information

    Addtl Parking Information
    • Outdoor Parking: 6-12 Spaces
    Location and General Information
    • Frontage Type: City Street
    • Information: 24-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: No

    Property Information

    Interior Features
    • Air Conditioning: Window Unit(s)
    • Heat/Ventilation: Baseboard
    • # Of Refrigerators: 6
    • Num of Baths: 6.0
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Flats
    • Lot Dimensions: 76X126
    • Stories: 2
    • Exterior Building Type: Brick, Vinyl Siding
    • Construction: Brick
    • Foundation Details: Concrete Perimeter
    • # Of Ranges: 6
    • Conversion: N
    Property and Assessments
    • Possible Use: Multi-Family
    • Public Document Count: 1
    • Document Date: 2024-10-24T02:06:13
    • Photos Count: 1
    • Deconversion: N
    Miscellaneous
    • Current Use: Multi-Family
    • Land Amenities: Lighting/Exterior,Sidewalks
    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: $400.00
    • Fuel Expense: $.00
    • Gross Income: $71,400.00
    • Gross Scheduled Income: $71,400.00
    • Insurance Expense: $3,720.00
    • Maintenance Expense: $.00
    • Expense Year: 2018
    • Total Annual Expense Source: Combination
    • Janitor Expense: 0
    • Total Monthly Income: 5950
    • Net Operating Income: $48,554.00
    • Operating Expense: $22,586.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $5,400.00
    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: 1
    • 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: 1
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 1
    Unit 5
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 1
    Unit 6
    • Unit Type Baths Total: 2
    • 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 461 North Addison Road

    DateEvent & SourcePriceAppreciation
    Dec 18, 2024

    Sold

    MRED #12195790

    $750,000
    —
    Dec 9, 2024

    Sold (Public Record)

    Public Record #1548014639

    $750,000

    +8.9% / yr

    Oct 29, 2024

    Pending

    MRED #12195790

    —
    —
    DateEvent & SourcePrice
    12/18/2024

    Sold

    MRED #12195790

    $750,000
    12/09/2024

    Sold (Public Record)

    Public Record #1548014639

    $750,000

    +8.9% / yr

    10/29/2024

    Pending

    MRED #12195790

    —

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

    Public Records for 461 North Addison Road

    Taxable Value

    Land

    $84,991

    Additions

    $127,491
    Total$212,482

    Tax Record

    2025

    $14,264 ($1,189 / month)

    Home Facts

    Total Finished SqFt

    3,936 SqFt

    Above Grade Finished SqFt

    3,936 SqFt

    Lot Size

    9,583 SqFt

    Style

    Multi-Family Res (5+ Units)

    Year Built

    1962

    Year Renovated

    1962

    Zoning

    A

    County

    DUPAGE

    APN

    03-21-421-003

    Schools near 461 North Addison 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
    Rating
    School
    Distance
    Fullerton 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: 461 North Addison Road, Addison, IL 60101
    $750,000
    8
    –
    9,576
    $617,500
    –
    –
    3,936
    10,019
    $659,000
    24
    –
    9,875
    $475,000
    3
    2,193
    22,600
    $650,000
    –
    –
    3,936
    9,583
    $380,000
    4
    2.5
    2,240
    22,651

    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 RE/MAX Professionals Select

    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 12/19/2024 12:14 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.