465 N Mill Road, Addison, IL, 60101

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$1,946,700
New Listing

465 N Mill Road
Addison, IL 60101

For Sale|Multi Family|Active
0
Beds
0
Total Baths
1970
Built
County:
DuPage
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Suburban
Call Now: 877 582 4399
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877 582 4399
465 N Mill Road465 N Mill Road465 N Mill Road465 N Mill Road
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This is a very solid, income-producing 12-unit building that's easy to manage. With 10 two-bedroom units and 2 one-bedroom units-all fully leased-this property offers strong, steady rental income and an excellent cap rate. It's all brick, has been well cared for by a hands-on landlord, and sits in a convenient location near expressways, shopping, and parks. What makes this opportunity even more attractive is the significant amount of capital improvement already completed, eliminating the need for major work in the near future. Seven of the twelve units have been remodeled between 2016 and 2024, with the others updated through the years (all but one). In addition, the property features a brand new 26-space parking lot completed in 2025, a new A.O. Smith water heater (2024), upgraded attic insulation with R-38 Energy 360 (2020), a new boiler and control system (2020), and a new roof installed in 2018. There's no association, plenty of parking, double wide lot and minimal ongoing maintenance-making this an extremely investor-friendly property. It's rare to find a building this well-positioned, both physically and financially. If you're looking for a strong-performing asset in a great location with long-term upside, don't miss out on this one.

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Listing Snapshot
Price 
$1,946,700
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.47 Acres
Year Built 
1970
MLS® Number 
12400822
Status 
Active
Property Tax 
$27,738.2
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
12 hours agoListing updated with changes from the MLS®
16 hours agoListing first seen on site
General Features
Acres 
0.47
Additional Property Use 
Multi-Family
Number Of Stories 
3
Property Sub Type 
Multi Family
Zoning 
MULTI
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
Addison
Township 
Addison
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Suburban



Based on information submitted to the MLS GRID as of 2025-07-02 05:44 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-07-02 05:44 AM UTC
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