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Prospect Heights Multifamily Investment Property

655 Piper Lane Prospect Heights, IL 60070

655 Piper Lane, Prospect Heights, IL, 60070
$725,000
For Sale
Under Contract
$725,000

MULTI_FAMILY - Prospect Heights, IL

Days on Market54

Property Features for 655 Piper Lane

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
6
Rooms
Bedroom 5, Bedroom 2, Bedroom 8, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 9, Bathroom 5, Bedroom 3, Bathroom 6, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
Standard status
Active Under Contract
APN
03242001200000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
18799

Building Details

Year built
1972
Floors in Building
3
Number of units
6
Listing agency Real Broker, LLC
Listed by Chris Herrera · License #475190916
Added: May 29 Updated: Jul 13 at 6:35PM Checked: Jul 21 at 8:06AM
MLS# 12661696

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This is a six-unit multifamily investment property. The building has long-term tenants, some of whom have resided there for over 10 years. The property includes 12 parking spots and laundry facilities. It is located in Prospect Heights, Illinois.

Key Highlights

  • 6‑unit investment property built in 1972
  • Long‑term tenants in place, with multiple tenants reported as staying 10+ years
  • Includes 12 parking spots

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Hair Salon Law Firm Pharmacy Dental Office (Bike/Boat/Book/etc) Store Spa & Massage Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Nail Salon (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property with long-term tenants and parking.
Where is this apartment building located?
The property is located at 655 Piper Lane Prospect Heights, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 6‑unit investment property built in 1972; Long‑term tenants in place, with multiple tenants reported as staying 10+ years; Includes 12 parking spots
Contact an agent
More about this property
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