Introducing an excellent investment opportunity in Chicago Heights! This well-maintained 2-flat property is ideal for savvy investors looking to add to their portfolio. Each unit features leases expiring in January 2025 and November 2024 respectively, ensuring immediate rental income for the new owner. With a combined monthly rent totaling $2,400, this property offers a steady cash flow from day one. Convenience and reliability are paramount, as tenants enjoy the comfort of their own spaces while contributing to the property's profitability. Additionally, the yearly taxes amount to $5,573, offering a favorable financial outlook for potential buyers. Whether you're a seasoned investor or exploring your first venture into real estate, this property presents an attractive opportunity in a thriving rental market. Don't miss your chance to capitalize on this lucrative investment in Chicago Heights!
Closed
$199,900
1227 Otto Blvd, Chicago Heights, IL 60411
6beds
--sqft
Multi Family
Built in 1912
-- sqft lot
$211,000 Zestimate®
$--/sqft
$1,621 Estimated rent
Home value
$211,000
$190,000 - $236,000
$1,621/mo
Zestimate® history
Owner options
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$1,621/mo
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$1,621/mo
Rent Zestimate®
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$1,487/mo
Est. payment
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$1,487/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Paul Kempa 630-816-5397,
Realty One Group Excel,
Gianni B Nieto, ABR,AHWD,PSA 630-485-1275,
Realty One Group Excel
Bought with:
Joe Guli
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12052723
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: None
Property
Parking
- Total spaces: 2
- Parking features: None, On Site, Other
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 32202080100000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago Heights
Financial & listing details
- Tax assessed value: $100,220
- Annual tax amount: $5,573
- Date on market: 5/10/2024
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2025 | Sold | $199,900+25.7% |
Source: Agent Provided Report a problem | ||
| 8/23/2024 | Sold | $159,000 |
Source:  MRED as distributed by MLS GRID #12052723 Report a problem | ||
| 7/25/2024 | Contingent | $159,000 |
Source: MRED as distributed by MLS GRID #12052723 Report a problem | ||
| 7/15/2024 | Price change | $159,000-5.9% |
Source: MRED as distributed by MLS GRID #12052723 Report a problem | ||
| 5/10/2024 | Listed for sale | $169,000+1107.1% |
Source: MRED as distributed by MLS GRID #12052723 Report a problem | ||
| 11/26/2018 | Listing removed | $1,150 |
Source: Go Section8 Report a problem | ||
| 11/17/2018 | Listed for rent | $1,150+15% |
Source: Go Section8 Report a problem | ||
| 10/13/2018 | Listing removed | $1,000 |
Source: Go Section8 Report a problem | ||
| 9/11/2018 | Listed for rent | $1,000 |
Source: Go Section8 Report a problem | ||
| 1/29/2016 | Sold | $14,000-29.6% |
Source: MRED as distributed by MLS GRID #09087723 Report a problem | ||
| 1/7/2016 | Pending sale | $19,900 |
Source: Kennedy Connection Realtors #09087723 Report a problem | ||
| 12/18/2015 | Price change | $19,900-33.4% |
Source: Kennedy Connection Realtors #09087723 Report a problem | ||
| 11/17/2015 | Listed for sale | $29,900 |
Source: Kennedy Connection Realtors #09087723 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $10,022 +0% |
| 2023 | $5,327 -4.4% | $10,021 +13.6% |
| 2022 | $5,573 +4.1% | $8,818 |
| 2021 | $5,352 +3.3% | $8,818 |
| 2020 | $5,182 -6.8% | $8,818 -8.7% |
| 2019 | $5,562 +5.2% | $9,658 |
| 2018 | $5,288 +4.6% | $9,658 |
| 2017 | $5,055 +35.1% | $9,658 +1.9% |
| 2016 | $3,743 +3% | $9,477 |
| 2015 | $3,633 +0.1% | $9,477 |
| 2014 | $3,630 +11.2% | $9,477 +4.3% |
| 2013 | $3,265 +1.1% | $9,082 |
| 2012 | $3,229 +2.3% | $9,082 |
| 2011 | $3,156 +4% | $9,082 -23.8% |
| 2010 | $3,034 +13.1% | $11,926 |
| 2009 | $2,683 +14.2% | $11,926 -5% |
| 2008 | $2,349 -2.2% | $12,554 +16.2% |
| 2007 | $2,403 +1.7% | $10,806 |
| 2006 | $2,363 -34.5% | $10,806 |
| 2005 | $3,609 +27.1% | $10,806 +28.4% |
| 2004 | $2,840 +3.2% | $8,413 |
| 2003 | $2,752 -5.8% | $8,413 |
| 2002 | $2,920 +58.1% | $8,413 +14.6% |
| 2001 | $1,846 -26.9% | $7,344 |
| 2000 | $2,525 +11.7% | $7,344 |
| 1999 | $2,260 | $7,344 |
Find assessor info on the county website
Neighborhood: 60411
Nearby homes
- $191,8003 bd1 ba1k sqft1227 Otto Blvd #1, Chicago Heights, IL 60411Off Market
- $--3 bd1 ba1k sqft1227 Otto Blvd #2, Chicago Heights, IL 60411Off Market
- $159,0004 bd2 ba1.4k sqft1225 Otto Blvd, Chicago Heights, IL 60411Off Market
- $134,8002 bd2 ba1k sqft1231 Otto Blvd, Chicago Heights, IL 60411Off Market
- $170,3004 bd2 ba1.9k sqft1223 Otto Blvd, Chicago Heights, IL 60411Off Market
- $189,0005 bd2 ba-- sqft1233 Otto Blvd, Chicago Heights, IL 60411Sold
- $189,0004 bd2 ba1.4k sqft1233 Otto Blvd, Chicago Heights, IL 60411Sold
- $208,9003 bd1 ba-- sqft1233 Otto Blvd #1, Chicago Heights, IL 60411Off Market
Nearby schools
GreatSchools rating
- 5/10Roosevelt Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Chicago Heights Middle SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Bloom High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- District: 170
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$211,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$211,000
- Illinois
- Cook County
- Chicago Heights
- 60411
- 1227 Otto Blvd
Nearby cities
Nearby zip codes
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