Arlington Heights, IL 60004,2256 Nichols RD
Arlington Heights, IL 60004,2256 Nichols RD
Arlington Heights, IL 60004,2256 Nichols RD
$935,000
Est. payment /mo
$925,000
1.1%
Est.Price: ?

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SOLD DATE : 04/25/2025

Key Details

Sold Price $935,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12296649

Sold Date 04/25/25

Year Built 1980

Annual Tax Amount $18,102

Tax Year 2023

Lot Dimensions 50X70

Property Sub-Type Multi Family 5+

Property Description

This six-unit (6) apartment building is part of the Country Glen Apartments community and features a unit mix of five (5) 2Bd/1Ba and one (1) 1Bd/1Ba apartments with spacious floor plans. The property benefits from association management that handles landscaping, snow removal, and scavenger services, making it a low-maintenance investment opportunity. Current rents at the property are below market, providing investors with an opportunity to increase rental income by nearly 10 percent in its as-is condition through market rent adjustments. Located near major transportation routes, retail centers, and suburban amenities, 2256 Nichols Road offers tenants convenience and accessibility. Arlington Heights' strong residential demand and vibrant community further enhance this property's appeal, making it an excellent value-add opportunity for investors.

Location

State IL

County Cook

Area Arlington Heights

Interior

Fireplace N

Building

Level or Stories 3

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Midwest Real Estate Data (MRED) IDX
Listed by Michael Masterson • Essex 312, LLC
Bought with Lynn Hayes • Berkshire Hathaway HomeServices American Heritage

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agent

Roz Dupiton

Broker | License ID: 475.163956

+1(312) 857-4769

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