2320 Nichols Road $750,000


    2320 Nichols Road Arlington Heights, IL 60004

    • 0.08 Acres
    • Commercial
    • MLS# 11338946
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    Views: 60 Days On Site: 148

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    Property Details

    Fully rented 6 unit building in County Glen. 5 two bedroom apartments and 1 one bedroom apartment. Located in prime Arlington Heights location off Lake Cook Road with easy access to IL 53, Rt 12, 90 & 290. Value add opportunity! Water heater was replaced August 2017. All appliances are in working order. Age of roof and windows are unknown but no issues at this time. Each unit has an assigned exterior parking spot in addition there is a community lot. Monthly Income of $5,780. HOA fee of $320/month to cover common area maintenance and scavenger.

    • General Features
      • Additional Parcels Y/N No
      • Area Arlington Heights
      • County Or Parish Cook
      • Electric Expense 806
      • Fuel Expense 1932
      • Gross Income 69360
      • Gross Scheduled Income 69360
      • Net Operating Income 0
      • Number Of Units Total 6
      • Operating Expense 69098
      • Operating Expense1 0
      • Tax Annual Amount 14157
      • Tax Year 2020
      • Year Built 1980
      • Zoning MULTI
    • Building Features
      • Building Area Total 6567
      • Stories 3
    • Property Features
      • Lot Size Acres 0.08
      • Lot Size Dimensions 70X32X30X70
      • Lot Size Square Feet 3305
      • Parcel Number 02012000620000
      • Parking Total 6



    60004 (Arlington Heights) Demographics

    42 Median Age
    4,636 Population Density (per sq. mile)
    64% College Educated
    $101,450 Estimated Median Income
    15,637 Estimated Total Home Owners
    4,562 Estimated Total Renters
    77% / 23% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    51,504 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $408,750 Median Sales Price
    74 Homes Sold
    69 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $750,000
        5/20/2022 11:17:26 AM Status Changed Source: Multiple Listing Service New Value: Contingent
        4/16/2022 12:17:24 AM Status Changed Source: Multiple Listing Service New Value: Active
        4/10/2022 8:47:20 AM Status Changed Source: Multiple Listing Service New Value: Re-activated
        4/7/2022 10:47:30 AM Status Changed Source: Multiple Listing Service New Value: Contingent
        3/30/2022 12:18:00 AM Status Changed Source: Multiple Listing Service New Value: Active
        3/24/2022 5:18:00 PM New in Database Source: Multiple Listing Service New Value: $750,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.