ClosedPrice Reduced

$409,900

$424,900
218 Main Street, Mount Prospect, IL 60056
4 Beds2 Baths37 days
218 Main Street·Mount Prospect, IL 60056
4Bedrooms
2Bathrooms
1924Year Built
About This Home

Opportunity is knocking! Are you listening? A Rare Find! A charming legal 2 flat that offers the savvy buyer a number of ownership options such as the opportunity to offset their mortgage payment with excellent rental income. This classic Chicago bungalow is in great shape 1 block from town, Metra, lots of new restaurants, Caputo's market, Starbucks and much more. This gives you the Chicago vibe of a trendy neighborhood right here in Mount Prospect, one of the suburbs most desirable communities complete with great schools and park district among many other pluses! The gigantic 2.5+ car detached garage and long driveway makes room for numerous vehicles. There is a fenced yard for pets too. The home is spacious and is in excellent condition with refinished hardwood floors in the huge living and separate formal dining room as well as the 2 bedrooms on the first floor. The enclosed 3 season front porch is another pleasing Bungalow architectural feature. The kitchen complete with a small pantry has very new appliances and a new hood over the stove. The 1st floor bath has been updated with a very large walk-in shower. All the windows in the house have been replaced and the seller has upgraded the electric system as well as adding central air ($22,000- the summer of 2023) to the first floor. Roof is 2008 and boiler has been replaced recently. The back of the house is pure Chicago 2 flat with 2 enclosed back porches (unheated, but comfortable for 3 seasons). The porches are off the kitchens of both apartments and provide access to both apartments as well as to the huge dry unfinished basement. The upstairs apartment is very roomy with a large eat-in kitchen, 2 bedrooms and a huge room that could be a den, huge upstairs office, playroom or 3rd bedroom. Come see it today. It is well worth your time! The upstairs apartment is currently rented to a close relative of the seller at a discounted rate of $1,100/month. The tenant tentatively would like to stay until the end of March but has some flexibility. The first-floor apartment is vacant for immediate occupancy at closing. Mt. Prospect's downtown is exploding with all kinds of things to do and this location is about 1 block to Metra train to downtown. This location could mean just being able to have only one car. Make a smart financial decision and buy it today.

MLS# 11945759Listed December 12, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms2
Total Rooms9

Size & Structure

Garage Spaces3
Year Built1924
Lot Size50X157

Location

CountyCook
TownshipElk Grove
Zip Code60056

Financial

List Price$409,900
Original Price$424,900
Annual Taxes (2022)$11,050
Monthly Tax Est.$921
Parcel #08121190210000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Aluminum Siding
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteGarage OwnedDetachedGarage
Schools
Elementary
Lions Park Elementary School
District: 57
Middle School
Lincoln Junior High School
District: 57
High School
Prospect High School
District: 214
Tax & Financial
Annual Taxes
$11,050
Tax Year 2022
Monthly Tax Est.
$921
per month
Price Reduced by $15,000
Original list price: $424,900
Property Location

218 Main Street, Mount Prospect, IL 60056Cook County

$409,900
218 Main Street
4 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
37 days on market
3-car garage
50X157
$11,050/yr taxes
Price reduced $15,000
$3,075
estimated monthly payment
Principal & Interest
$2,154/mo
Property Tax
$921/mo
$409,900
20% — $81,980
3%50%
6.875%
3%12%
Loan Amount
$327,920
Down Payment
$81,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
RE/MAX Suburban
Agent: James Regan
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