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555 N Valerie Lane Addison, IL 60101
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Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12189947
Sold Date 12/23/24
Year Built 1970
Annual Tax Amount $26,606
Tax Year 2023
Lot Dimensions APPROX HALF ACRE
Property Description
THIS WELL-MAINTAINED, FREE-STANDING CONCRETE BUILDING FEATURES 12 UNITS, INCLUDING 10 TWO-BEDROOM APARTMENTS AND 2 ONE-BEDROOM UNITS. SEVEN UNITS (1, 2, 3, 4, 9, 10, AND 11) WERE FULLY GUTTED AND REMODELED IN 2021, FEATURING NEW CABINETS, GRANITE COUNTERTOPS, UPDATED FLOORING, STAINLESS STEEL APPLIANCES, UPDATED BATHROOMS, AND WINDOWS. UNIT 7 HAS RECEIVED A PARTIAL RENOVATION- NEW BATHROOM, UPDATED FLOORING, AND NEW APPLIANCES (ONLY KITCHEN CABINETS WERE NOT REPLACED). RECENT UPGRADES INCLUDE A NEW RADIANT HEAT BOILER INSTALLED IN 2023, ALONG WITH A NEWER WATER HEATER. ROOF 2010, SOME WINDOWS 2007. THE EXTERIOR HAS BEEN ENHANCED WITH NEWER SOFFIT, FASCIA, GUTTERS, DOWNSPOUTS, AND A CHAIN LINK FENCE, AS WELL AS FRESH TILE FLOORING IN COMMON AREAS. 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.
Location
State IL
County Dupage
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick,Stone,Wood Frame
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Rutul Parekh • ARNI Realty Incorporated