Closed

$244,000

202 Wallace Ave, Machesney Park, IL 61115

8beds

--sqft

Multi Family

Built in 1965

-- sqft lot

$268,000 Zestimate^®

$--/sqft

$1,380 Estimated rent

Home value

$268,000

$236,000 - $306,000

$1,380/mo

Zestimate^® history

Owner options

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$1,380/mo

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$1,380/mo

Rent Zestimate^®

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$1,876/mo

Est. payment

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$1,876/mo

Est. payment

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What's special

Investors Alert! Here is a rare ranch style 4 plex located in Machesney Park, close to shopping and many restaurants! This building has 2 units that have 2 bedrooms and 2 bathrooms and 2 units that have 2 bedrooms and 1 bathroom! Each unit has their own basement area that includes storage and a washer and dryer hook up with utility sink. Each unit has 2 off street parking spaces. All units are currently rented!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 6

Heating

Natural Gas

Features

Basement: Partially Finished,Full

Property

Lot

Dimensions: 60X60X176.39X176.39

Details

Parcel number: 0736229009
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Concrete Perimeter

Condition

New construction: No
Year built: 1965

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Machesney Park

Financial & listing details

Tax assessed value: $190,776
Annual tax amount: $4,873
Date on market: 3/24/2025
Listing terms: Conventional
Ownership: Fee Simple

Price history

Date	Event	Price
7/16/2025	Sold	$244,000+1.7%
Source: MRED as distributed by MLS GRID #12319634 Report a problem
3/28/2025	Pending sale	$240,000
Source: NorthWest Illinois Alliance of REALTORS® #202501350 Report a problem
3/24/2025	Listed for sale	$240,000+86%
Source: NorthWest Illinois Alliance of REALTORS® #202501350 Report a problem
5/25/2016	Sold	$129,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,063 +3.9%	$63,592 +12.6%
2023	$4,874 +0.6%	$56,476 +9.6%
2022	$4,843	$51,511 +7.5%
2021	--	$47,908 +5%
2020	$4,173 -3.3%	$45,636 +4.4%
2019	$4,315 -6.9%	$43,712 +3.4%
2018	$4,632 +1.4%	$42,279 +2.8%
2017	$4,569	$41,119 +2%
2016	$4,569 +39.3%	$40,301 +1.8%
2015	$3,279 +117.7%	$39,596
2014	$1,506 -63%	$39,596 -18.7%
2009	$4,077	$48,678 +5%
2007	--	$46,367 +3.8%
2006	--	$44,661 +3.2%
2005	--	$43,284 +2.4%
2004	--	$42,253 +6%
2003	--	$39,850
2001	--	$39,850 +2.5%
2000	--	$38,893
1999	--	$38,893

Find assessor info on the county website

Neighborhood: 61115

Nearby homes

Nearby schools

GreatSchools rating

NA
Donald C Parker Early Educ Center
Grades: PK-KDistance: 0.7 mi
5/10
Harlem Middle School
Grades: 6-8Distance: 0.9 mi
4/10
Harlem High School
Grades: 9-12Distance: 2.3 mi

Schools provided by the listing agent

District: 122

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.