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per Sq. Ft.

Description

  1. Listed by Pablo Ayala • RE/MAX Suburban
    P: (847)-353-7616 pabloayala@remax.net

Property Details for 512 Piper Lane

Area
Prospect Heights
Township
Wheeling
Air Conditioning Type
Wall Sleeve
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 02/05/2026 02:09 AM

Property Details for 512 Piper Lane

StatusNew
MLS #12558274
Days on Market2
Taxes$17,432 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1980
Lot Size0.08 AC / 3,376 SF
CountyCook County

Location

Listing Courtesy of RE/MAX Suburban
Add your commute

Building Information for 512 Piper Lane

Stories3Residences6Year Built1980Building Size-Lot Size0.08 AC / 3,376 SF

Payment Calculator

$5,594 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,142

Property Taxes

$1,453

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 512 Piper Lane

General Information
Location and General Information
  • Information: List Broker Must Accompany,Other-See Remarks
Taxes and HOA Information
  • Association Fee Includes: Parking, Lawn Care, Scavenger, Snow Removal
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Heat/Ventilation: Gas,Hot Water,Radiators,Baseboard
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Misc Inside: Laundry Room
  • # Of Dryers: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Balcony/ies
Property/Lot Information
  • Owners Association: Yes
  • Tenant Pays: Electricity
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Flats
  • Lot Dimensions: 53X63
  • Lot Size Square Feet: 3376.0
  • Stories: 3
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5340
  • # Of Ranges: 6
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 16
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: $300.00
  • Fuel Expense: $3,000.00
  • Gross Income: $93,600.00
  • Gross Scheduled Income: $93,600.00
  • Insurance Expense: $3,156.00
  • Maintenance Expense: $1,240.00
  • Electric Expense Source: Actual
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 600
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 7800
  • Water Expense Source: Actual
  • Net Operating Income: $57,108.00
  • Operating Expense: $36,492.00
  • Other Expense: $2,400.00
  • Trash Expense: $.00
  • Water Sewer Expense: $8,400.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
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 512 Piper Lane

DateEvent & SourcePriceAppreciation
Feb 4, 2026

Listed (Active)

MRED #12558274

$849,788
May 26, 2021

Sold

MRED #11040460

$490,000
May 17, 2021

Sold (Public Record)

Public Record #1467271389

$490,000
Apr 7, 2021

Pending

MRED #11040460

Apr 2, 2021

Listed (Active)

MRED #11040460

$499,900
DateEvent & SourcePrice
02/04/2026

Listed (Active)

MRED #12558274

$849,788
05/26/2021

Sold

MRED #11040460

$490,000
05/17/2021

Sold (Public Record)

Public Record #1467271389

$490,000
04/07/2021

Pending

MRED #11040460

04/02/2021

Listed (Active)

MRED #11040460

$499,900

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

Public Records for 512 Piper Lane

Taxable ValueLand$1,350Additions$48,649Total$49,999
Tax Record2023$16,797 ($1,400 / month)
Home Facts
Baths6Total Finished SqFt4,410 SqFtAbove Grade Finished SqFt4,410 SqFtStories2Lot Size3,376 SqFtStyleMulti-Family Res (5+ Units)Year Built1980CountyCOOKAPN03-24-101-015

Schools near 512 Piper Lane

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
Mark Twain Elementary School
PublicPK to 5

Oliver W Holmes Middle School
Public6 to 8

Wheeling High School
Public9 to 12

The Academy at Forest View
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.

Similar Homes

Similar Sold Homes

512 Piper Lane is a multi-family home for sale in Prospect Heights, IL 60070. This property was listed for sale on February 4, 2026 by RE/MAX Suburban, it's currently listed at $849,788. It has been on the market for a total of 2 days and was last sold on May 26, 2021. This listing's school districts are Wheeling Central Consolidated School District 21, Township Hsd 214 School District. Nearby schools include Mark Twain Elementary School, Oliver W Holmes Middle School and Wheeling High School. 512 Piper Lane is a 9-bed, 6-bath, multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Suburban

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 02/05/2026 02:09 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.