Discover this charming four-unit property, perfectly situated with convenient access and ample parking-featuring 8 dedicated spots for residents. This brick building includes three spacious 2-bedroom units and a standout 3-bedroom, 2-bath duplex unit, ideal for an owner-occupant. The 3-bedroom apartment on the first floor boasts a generous eat-in kitchen and a duplex layout that extends to the basement, providing additional living space. Don't miss out on this versatile investment with great potential!
Closed
$405,000
2491 Terrace Ave, Lynwood, IL 60411
9beds
--sqft
Multi Family
Built in 1978
-- sqft lot
$42,500 Zestimate®
$--/sqft
$2,061 Estimated rent
Home value
$42,500
$38,000 - $48,000
$2,061/mo
Zestimate® history
Owner options
List your home for rent
$2,061/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,061/mo
Rent Zestimate®
Refinance and save
$2,879/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,879/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Christina Horne 708-785-7030,
Chicagoland Realty & Associates Inc
Bought with:
Jennifer Brooks, ABR
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12421085
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Baseboard
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 8
- Parking features: On Site
Features
- Patio & porch: Patio
- Exterior features: Balcony
Lot
- Size: 10,150 Square Feet
- Dimensions: 70X145
Details
- Parcel number: 33071120040000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Lynwood
Financial & listing details
- Tax assessed value: $212,580
- Annual tax amount: $7,416
- Date on market: 7/15/2025
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2025 | Sold | $405,000+2.5% |
Source:  MRED as distributed by MLS GRID #12421085 Report a problem | ||
| 7/15/2025 | Pending sale | $395,000 |
Source: MRED as distributed by MLS GRID #12421085 Report a problem | ||
| 10/8/2024 | Listing removed | $395,000 |
Source: MRED as distributed by MLS GRID #12178973 Report a problem | ||
| 10/2/2024 | Listed for sale | $395,000+177.1% |
Source: MRED as distributed by MLS GRID #12178973 Report a problem | ||
| 10/14/2010 | Sold | $142,560-25% |
Source: MRED as distributed by MLS GRID #07554275 Report a problem | ||
| 3/31/1997 | Sold | $190,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | -- |
| 2023 | $7,416 -48.2% | $21,258 -28.6% |
| 2022 | $14,317 +1.7% | $29,764 |
| 2021 | $14,076 +2.1% | $29,764 -4.6% |
| 2020 | $13,783 +7.2% | $31,197 +7.5% |
| 2019 | $12,852 +3.5% | $29,031 |
| 2018 | $12,420 -0.5% | $29,031 |
| 2017 | $12,477 +22% | $29,031 +22.3% |
| 2016 | $10,229 +2.1% | $23,730 |
| 2015 | $10,018 +0.6% | $23,730 |
| 2014 | $9,955 +21% | $23,730 +10.5% |
| 2013 | $8,224 +1.5% | $21,484 |
| 2012 | $8,102 +7.8% | $21,484 |
| 2011 | $7,519 -4.7% | $21,484 -17% |
| 2010 | $7,888 +23.9% | $25,880 |
| 2009 | $6,365 +12.3% | $25,880 -5% |
| 2008 | $5,670 +1.3% | $27,244 +9.2% |
| 2007 | $5,598 +6.7% | $24,944 |
| 2006 | $5,248 +1% | $24,944 |
| 2005 | $5,194 +1.2% | $24,944 +9.4% |
| 2004 | $5,133 +5.4% | $22,809 |
| 2003 | $4,868 +2.7% | $22,809 |
| 2002 | $4,738 +22.8% | $22,809 +21.8% |
| 2001 | $3,858 +0.3% | $18,730 |
| 2000 | $3,848 +3.2% | $18,730 |
| 1999 | $3,730 | $18,730 |
Find assessor info on the county website
Neighborhood: 60411
Nearby homes
- $404,1009 bd5 ba4k sqft2481 Terrace Ave, Lynwood, IL 60411Off Market
- $---- bd-- ba-- sqft2481 Terrace Ave APT 1W, Lynwood, IL 60411Off Market
- $---- bd-- ba-- sqft2481 Terrace Ave APT 2W, Lynwood, IL 60411Off Market
- $--3 bd2 ba-- sqft2481 Terrace Ave APT 1E, Lynwood, IL 60411Off Market
- $398,8009 bd5 ba4k sqft2501 Terrace Ave APT 2E, Lynwood, IL 60411Off Market
- $--2 bd1 ba975 sqft2501 Terrace Ave, Chicago Heights, IL 60411Off Market
- $405,0009 bd5 ba4k sqft2490 Terrace Ave, Lynwood, IL 60411Off Market
- $408,0009 bd5 ba4k sqft2511 Terrace Ave, Lynwood, IL 60411Off Market
Nearby schools
GreatSchools rating
- 5/10Heritage Middle SchoolGrades: 5-8Distance: 1 mi
- 7/10Thornton Fractional South High SchoolGrades: 9-12Distance: 1.7 mi
- 3/10Nathan Hale Elementary SchoolGrades: PK-4Distance: 1.3 mi
Schools provided by the listing agent
- District: 172
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.
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
$42,500
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
$42,500
- Illinois
- Cook County
- Lynwood
- 60411
- 2491 Terrace Ave
Nearby cities
Nearby zip codes
Other Lynwood Topics
