Four-Unit Brick Apartment
New
For Sale
$699,900
224 W Michael Lane, Addison, IL 60101
The residential mix combines two-bedroom and one-bedroom units with assigned parking and a shared utility area.
Property SizeContact for details
Days on Market5
Property Features for 224 W Michael Lane
General Information
Standard status
Active
Total Parking Spaces
7
Property subtype
MULTI_FAMILY
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
cosmetic improvements, modernization, and general maintenance
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,029
Building Details
Year Built
1964
Buildings
1
Construction
all-brick
Listing Agency:
Zamudio Realty Group
Listed By:
Esther Zamudio · License #471021065
(847) 508-7500
Source:
Dawnmckennagroup
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zamudio Realty Group
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Investment Insights
Based on property information with market context.
Built in 1964, this four-unit brick property contains three two-bedroom apartments and one one-bedroom apartment. Building features include a shared utility area, newer windows, and updates to parts of the boiler system. The roof was replaced in 2018, according to the property information. The building is being sold as-is and would benefit from cosmetic work, modernization, and general maintenance.
Key Highlights
- Four apartments: three two‑bedroom units and one one‑bedroom unit
- All‑brick construction
- Seven assigned parking spaces
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 60101, IL
37,644
Population
14,145
Households
2.7
Avg Household Size
38
Median Age
22%
College-Educated
77%
High-School Grad
11.4 sq mi
ZIP Area
3,302
Density / Sq Mi
$87,860
Median Household Income
$42,007
Median Earnings
$1,236
Median Rent
$315,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The residential mix combines two-bedroom and one-bedroom units with assigned parking and a shared utility area.
Where is this quadplex located?
The property is located at 224 W Michael Lane Addison, IL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four apartments: three two‑bedroom units and one one‑bedroom unit; All‑brick construction; Seven assigned parking spaces
