3488 Salem walk Northbrook, IL $ 1,399,000
3488 Salem walk
$ 1,399,000
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3488 Salem walk

Northbrook, IL, 60062
$ 1,399,000
Bedrooms2 Baths0.0

Monthly Estimate*

$ 8,614

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Multi-Family Home for sale in Northbrook, IL

for $1,399,000 with 2 bedrooms. This home was built in 1978.

Immaculate, meticulously cared for, and fully occupied 6-unit investment property located in a desirable Northbrook location. This property has a strong cash flow and long term value. All six units feature spacious 2 bedrooms, 1 bath layouts, making this very attractive and highly rentable. A full basement provides additional storage space and convenient on site laundry facilities. Many updates have already been done to the property, making this ideal for a new investor, including a water heater (2025), boiler (2019), washer (2024), dryer (2025), and a brand-new roof scheduled for installation early June. Assigned parking spaces are located at the rear of the building for tenant convenience. This is a very well-maintained property. Ideally located near schools, shopping, dining, transportation, and everyday amenities, this turnkey investment offers stable occupancy, minimal deferred maintenance, and excellent income potential for years to come. Rare opportunity to acquire a solid, income-producing 6-unit building with major mechanical updates already completed. This is an ideal addition to any investment portfolio. Don't miss out on this amazing property!

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Multi-Family Active

Price

$ 1,399,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 16,326

Style

Year Built

1978

Town/City

Northbrook

County/Region

Cook

MLS | Web ID

12652192

Features
Interior
Total Fireplaces 0
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General
Year Built 1978
Stories Count 3
Tax Year 2024
Gross Income 106800
County Cook
Net Operating Income 70157
Operating Expense 36643
Insurance Expense 3247
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions One Block North of Lake on Milwaukee Ave. The East Corner of Milwaukee and Sanders.
City Northbrook
Number Of Units Total 6
MLS Area Northbrook
Tax Annual Amount 16326
Electric Expense 700
Fuel Expense 3292
Trash Expense 0
Water Sewer Expense 5252
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 64X56
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* Excluded Features
List By
Baird & Warner

Broker

ginakim0422@gmail.com

Email

Affordability Calculator

$9,974
Per Month
86%
14%
0%
Monthly Principal & Interest
$8,614
Monthly Property Taxes
$1,361
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/31/2026$1,399,000 Listed Price

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3488 Salem walk, Northbrook, IL, 60062 is a Multi-Family Home for sale at $1,399,000. 3488 Salem walk has 2 bedrooms, 0.0 baths, and was built in 1978. The property's zip code is 60062 which is in Northbrook, IL