Sold
Last Sold Price
11 beds
606 Iowa Ave, Addison, IL 60101
Multi FamilyProperty Type
0.27 acresLot Size
1963Year Built
12 carsParking Spaces

Description

First time on the market in over 20 yrs! Great investment and very easy to rent. Newer roof windows and some minor inprovements in every unit. Great cul-de-sac location with lots of side yard! Huge concrete parking for 12+ cars. Building has many long-term tenants; for that the owner kept rents low however the rents in the area are between $980 to $1050.First time on the market in over 20 yrs! Great investment and very easy to rent. Newer roof windows and some minor inprovements in every unit. Great cul-de-sac location with lots of side yard! Huge concrete parking for 12+ cars. Building has many long-term tenants; for that the owner kept rents low however the rents in the area are between $980 to $1050.

    Sold By RE/MAX Suburban

    • Listed by: Mark Chereso 773.719.7732 mschereso@gatewayrealtors.net • Gateway Realty LLC
    Listing closed: 02/05/2021 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10828152

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    Recent comparable sales

    Median sold price

    $560,000

    Avg days on market

    7

    Sale-to-list ratio

    105.4%

    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
    2

    $560,000

    Sold 08/27/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    4,249
    Square Feet
    Unavailable
    Acres
    3

    $560,000

    Sold 03/07/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    3,500
    Square Feet
    Unavailable
    Acres
    4

    $511,500

    Sold 07/24/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    2,499
    Square Feet
    0.19
    Acres
    5

    $511,500

    Sold 07/24/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    2,499
    Square Feet
    0.2
    Acres
    6

    $625,000

    Sold 08/14/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    4,500
    Square Feet
    Unavailable
    Acres
    7

    $650,000

    Sold 05/27/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    6,160
    Square Feet
    Unavailable
    Acres
    8

    $475,000

    Sold 08/17/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    5,538
    Square Feet
    Unavailable
    Acres
    9

    $475,000

    Sold 12/03/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    4,720
    Square Feet
    Unavailable
    Acres

    Location

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    Principal and Interest

    $3,176

    Property Taxes

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    Property Information for 606 Iowa Avenue

    Property Details
    • Taxes: $9,203 / year
    • MLS Type: Multi Family 5+ / Flats
    • Area: Addison
    • Township: Addison
    • Air Conditioning Type: Wall Sleeve
    • Num of Interior Fireplaces: 0
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1963
    • Lot Size: 0.27 AC / 11,761 SF
    General Information
    Addtl Parking Information
    • Indoor Parking: Detached
    • Outdoor Parking: 6-12 Spaces
    Location and General Information
    • Frontage Type: Public Road, Other
    • Information: 24-Hr Notice Required,List Broker Must Accompany
    Taxes and HOA Information
    • Association Fee Includes: None
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: Wall Sleeve
    • Electric: Circuit Breakers
    • # Of Washers: 1
    • Basement Description: Finished
    • Heat/Ventilation: Gas,Hot Water,Baseboard
    • # Of Refrigerators: 6
    • Washer/Dryer Lsd: No
    • Misc Inside: Other,Laundry Room
    • # Of Dryers: 1
    • # Of Disposals: 0
    • # Of Dishwashers: 0
    • Num of Baths: 0.0
    Exterior Features
    • Misc Outside: Storms and Screens (as exist),Other
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Flats
    • Lot Dimensions: INTEGRAL
    • Lot Size Square Feet: 11761.0
    • Stories: 3
    • Exterior Building Type: Brick
    • Construction: Brick
    • Roof Type: Composition
    • Fire Protection: None
    • Roof Structure: Pitched
    • Foundation Details: Concrete Perimeter
    • Building Area Total: 3808
    • # Of Ranges: 6
    • Conversion: N
    • MRD_UNC: No
    Property and Assessments
    • Possible Use: Multi-Family
    • Buyer Financing: Conventional
    • Documents Available: Tax Bill
    • Public Document Count: 2
    • Document Date: 2020-08-27T23:29:15
    • Photos Count: 20
    • Deconversion: N
    Miscellaneous
    • Current Use: Multi-Family
    • Land Amenities: Security Entrance,Sidewalks,Other,Cable Ready
    • Location: Cul De Sac
    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: $371.00
    • Fuel Expense: $2,288.00
    • Gross Income: $57,420.00
    • Gross Scheduled Income: $57,780.00
    • Insurance Expense: $1,548.00
    • Maintenance Expense: $.00
    • Electric Expense Source: Actual
    • Known Encumbrances: First Mortgage
    • Expense Year: 2019
    • Total Annual Expense Source: Owner Projection
    • Fuel Expense Source: Owner Projection
    • Insurance Expense Source: Broker Projection
    • Janitor Expense: 0
    • Manager Expense Source: AC
    • Net Operating Income Year: 2019
    • Other Expense Source: Owner Projection
    • Repairs-Decor Expense Source: Combination
    • Trash Expense Source: Owner Projection
    • Total Monthly Income: 4785
    • Water Expense Source: Actual
    • Net Operating Income: $40,210.00
    • Operating Expense: $8,007.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $4,668.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 5
    • # Of Rooms - Unit 1: 4
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 660
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 1
    • # Of Rooms - Unit 2: 3
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 525
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 3: 0
    • Monthly Income - 3: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 4: 0
    • Monthly Income - 4: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 5: 0
    • Monthly Income - 5: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    • Monthly Income - 6: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 7: 0
    • Monthly Income - 7: 0

    Property History for 606 Iowa Avenue

    DateEvent & SourcePriceAppreciation
    Feb 5, 2021

    Sold (Public Record)

    Public Record #1457132865

    $595,000—
    Feb 5, 2021

    Sold

    MRED #10828152

    $595,000—
    Nov 19, 2020

    Pending

    MRED #10828152

    —
    DateEvent & SourcePrice
    02/05/2021

    Sold (Public Record)

    Public Record #1457132865

    $595,000
    02/05/2021

    Sold

    MRED #10828152

    $595,000
    11/19/2020

    Pending

    MRED #10828152

    —

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

    Public Records for 606 Iowa Avenue

    Taxable ValueLand$84,991Additions$127,491Total$212,482
    Tax Record2025$14,264 ($1,189 / month)
    Home Facts
    Total Finished SqFt3,808 SqFtAbove Grade Finished SqFt3,808 SqFtLot Size11,761 SqFtStyleMulti-Family Res (5+ Units)Year Built1963Year Renovated1963ZoningACountyDUPAGEAPN03-33-205-017

    Schools near 606 Iowa Avenue

    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
    Ardmore 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: 606 Iowa Avenue, Addison, IL 60101
    $595,000
    11
    –
    –
    11,761
    $525,000
    –
    –
    3,808
    10,454
    $450,000
    11
    –
    12,645
    $240,000
    –
    –
    3,808
    10,454
    –
    –
    –
    3,808
    10,454
    $132,000
    –
    –
    6,240
    –

    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 Gateway Realty LLC

    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 09:51 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.