512 Piper Lane Prospect Heights, IL ^$ 849,788

512 Piper Lane

^$ 849,788

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512 Piper Lane

Prospect Heights, IL, 60070

^$ 849,788

Bedrooms3 Baths0.0 Sq 5,340

Monthly Estimate*

^$ 5,232

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Multi-Family Home for sale in Prospect Heights, IL

for $849,788 with 3 bedrooms. This 5,340 square foot home was built in 1980 on a lot size of 0.06.

Great Investment Opportunity! Well maintained by owner. All Updated Units on 2022 Check out this 6 unit Building; 3 - 1 bedroom units and 3 - 2 bedroom units just ready to keep cash flowing. 12 assigned parking spaces. Located close to public transit and shops. A must see! Being sold "As-Is".

Multi-Family Contingent

Price

^$ 849,788

Bedrooms

Property Type

Multi-Family

Taxes

^$ 17,432

Style

Lot Size

0.06

Year Built

1980

Town/City

Prospect Heights

County/Region

Cook

MLS | Web ID

12558274

Features

General

Cooling Wall Sleeve

Possession Closing

Zoning MULTI

Association Fee Includes Parking Lawn Care Scavenger Snow Removal

Construction Materials Brick

Year Built 1980

Electric Circuit Breakers

Tenant Pays Electricity

Stories Count 3

Township Wheeling

Tax Year 2024

Gross Income 93600

County Cook

Net Operating Income 55888

Operating Expense 37712

Insurance Expense 3156

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 1240

Status Contingent

Directions W of Milwaukee Ave S of Palatine Rd.

City Prospect Heights

Number Of Units Total 6

MLS Area Prospect Heights

Lot Size Square Feet 3376

Tax Annual Amount 17432

Electric Expense 300

Fuel Expense 3000

Trash Expense 0

Water Sewer Expense 9600

Additional Parcels Y/N N

Standard Status Active Under Contract

Cap Rate 6.6

Interior

Total Fireplaces 0

Exterior

Foundation Details Concrete Perimeter

Building Area Total 5340

Lot Dimensions 53X63

Lot Size Acres 0.06

* Excluded Features

List By

Re/Max Suburban

Broker

pabloayala@remax.net

Affordability Calculator

$6,685

Per Month

Monthly Principal & Interest: $5,232
Monthly Property Taxes: $1,453
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Prospect Heights, IL

Average List Price ^$0

Percent of Sale Price 100%

About Prospect Heights, IL

15,421 Population

-8% Since 2002

^$62,172 Median Income

39.97 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/4/2026	$849,788		Listed Price

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512 Piper Lane, Prospect Heights, IL, 60070 is a Multi-Family Home for sale at $849,788 with 5,340 sqft and a lot size of 0.06. 512 Piper Lane has 3 bedrooms, 0.0 baths, and was built in 1980. The property's zip code is 60070 which is in Prospect Heights, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 3/24/2026.

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512 Piper Lane

Multi-Family Home for sale in Prospect Heights, IL

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