Active

$319,900

1622 N 40th Ave, Stone Park, IL 60165

5beds

--sqft

$2,495/mo

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Multi Family

Built in 1945

-- sqft lot

$318,500 Zestimate^®

$--/sqft

$-- HOA

What's special

Exceptional investment opportunity in this 2-unit apartment building! Fully rented and with no history of vacancies, this income-producing property offers the stability investors are looking for. The building features a spacious 3-bedroom unit and a comfortable 2-bedroom unit, providing strong rental appeal to a wide range of tenants. A 1-car garage adds convenience and value. Purchase today and start collecting residual income immediately with tenants already in place and a proven rental history.

54 days
751
33

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Steam, Baseboard

Features

Basement: None

Property

Parking

Total spaces: 1
Parking features: Yes, Garage Owned, Detached, Garage
Garage spaces: 1

Lot

Size: 3,750 Square Feet
Dimensions: 30 X 125

Details

Parcel number: 15041160750000
Zoning: OTHER
Special conditions: Short Sale

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame

Condition

New construction: No
Year built: 1945

Details

Builder model: 2 story

Utilities & green energy

Sewer: Storm Sewer
Water: Lake Michigan

Community & HOA

Location

Region: Stone Park

Financial & listing details

Tax assessed value: $180,640
Annual tax amount: $7,622
Date on market: 7/17/2026
Ownership: Fee Simple

Estimated market value

$318,500

$303,000 - $334,000

$2,184/mo

Price history

Date	Event	Price
8/18/2026	Listed for sale	$319,900
Source: MRED as distributed by MLS GRID #12701140 Report a problem
7/30/2026	Contingent	$319,900
Source: MRED as distributed by MLS GRID #12701140 Report a problem
7/17/2026	Listed for sale	$319,900+529.1%
Source: MRED as distributed by MLS GRID #12701140 Report a problem
2/5/2013	Sold	$50,850-46.5%
Source: MRED as distributed by MLS GRID #07779041 Report a problem
9/5/2008	Sold	$95,000-51.3%
Source: MRED as distributed by MLS GRID #06933152 Report a problem
10/12/2004	Sold	$195,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,836 +2.8%	$18,064
2023	$7,622 -24.7%	$18,064 -12.2%
2022	$10,126 +1%	$20,563
2021	$10,021 +3.2%	$20,563
2020	$9,714 +33.5%	$20,563 +45%
2019	$7,278 +0.3%	$14,181
2018	$7,254 -4.2%	$14,181 -6.9%
2017	$7,573 +6.2%	$15,225 +10.6%
2016	$7,128 +3.5%	$13,766
2015	$6,889 +3%	$13,766
2014	$6,691 +14.4%	$13,766 +0.7%
2013	$5,850 +3.3%	$13,664
2012	$5,662 +7.9%	$13,664
2011	$5,248 -28.3%	$13,664 -35.7%
2010	$7,319 -7.6%	$21,246 -13.7%
2009	$7,917 +13.4%	$24,631 -5%
2008	$6,984 +16.1%	$25,928 +16.8%
2007	$6,015 +5.8%	$22,207
2006	$5,685 +3.6%	$22,207
2005	$5,487 +34.2%	$22,207 +42.5%
2004	$4,089 +1.5%	$15,579
2003	$4,027 +3.1%	$15,579
2002	$3,906 +19.4%	$15,579 +10.1%
2001	$3,272 +10.8%	$14,147
2000	$2,953 +2.9%	$14,147
1999	$2,869	$14,147

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 60165

Getting around

73 / 100

Very Walkable

49 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Grant Elementary School
Grades: K-5Distance: 0.4 mi
3/10
Roosevelt Middle School
Grades: 6-8Distance: 1.5 mi
NA
Proviso West High School
Grades: 9-12Distance: 2.5 mi

Schools provided by the listing agent

District: 88

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.