OFF MARKET

Off market may 2025 for $300K

—

Est. refi paymentEst. refi $2,086/mo

•

6 ba

•

—

sq ft

2316 W Nichols Rd, Arlington Heights, IL 60004

About this home

Multi-familyProperty Type

1982Year Built

Listed by John Turner • Under One Realty

Bought with Aparajita Leekha • Property Economics, Inc.

Redfin checked: 3 minutes ago

•Source:MRED as Distributed by MLS Grid #12363371

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 60004, IL

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.4%

0.4% MoM

Median sale price

$502K

$3K MoM

Avg. days on market

41d

2 days MoM

Recently sold homes

213

5 MoM

New listings for sale

OPEN SAT, 1:30AM TO 4:30PM
$540,000
3 beds2 baths1,304 sq ft
1606 E Waverly Ct, Arlington Heights, IL 60004
$849,999
5 beds3 baths3,187 sq ft
1803 N Mitchell Ave, Arlington Heights, IL 60004
EARLY ACCESS
$750,000
3 beds2 baths3,400 sq ft
1660 N Highland Ave, Arlington Heights, IL 60004
$675,000
3 beds3 baths2,210 sq ft
4023 N Ridge Ave, Arlington Heights, IL 60004
3D WALKTHROUGH
$739,999
6 beds2.5 baths2,780 sq ft
4 W Suffield Dr, Arlington Heights, IL 60004
$449,998
3 beds2 baths1,514 sq ft
602 N Drury Ln, Arlington Heights, IL 60004
$339,000
2 beds2 baths1,379 sq ft
1508 W Pheasant Trail Dr #1, Arlington Heights, IL 60004
$529,000
4 beds2 baths1,353 sq ft
1627 E Jonquil Ter, Arlington Heights, IL 60004
$215,000
2 beds2 baths1,108 sq ft
2632 N Windsor Dr #102, Arlington Heights, IL 60004
$588,000
3 beds2.5 baths2,100 sq ft
2012 N Kennicott Dr, Arlington Heights, IL 60004
See all

Provided by Redfin

Sale history for 2316 W Nichols Rd

Year

Property tax

Land + Additions

Assessment*

2023

$18,841 (+5.9%)

$2,626 + $78,374

$81,000

2022

$17,798 (+35.6%)

$2,275 + $60,724

$62,999

2021

$13,125 (+1.1%)

$1,925 + $39,862

$41,787

2020

$12,986 (−11.1%)

$1,925 + $39,862

$41,787

2019

$14,601 (+5.3%)

$1,925 + $50,777

$52,702

2018

$13,860 (−3.9%)

$1,750 + $45,115

$46,865

2017

$14,426 (+7.2%)

$1,750 + $47,936

$49,686

2016

$13,460 (+17.8%)

$1,750 + $47,936

$49,686

2015

$11,431 (+0.8%)

$1,575 + $37,695

$39,270

2014

$11,335 (+13.5%)

$1,575 + $37,695

$39,270

2013

$9,990 (+0.4%)

$1,575 + $39,205

$40,780

2012

$9,948 (−11.2%)

$1,838 + $42,686

$44,524

2011

$11,205 (+12.2%)

$1,838 + $44,196

$46,034

2010

$9,987 (−2.4%)

$1,838 + $44,196

$46,034

2009

$10,228 (+1.3%)

$1,925 + $50,041

$51,966

2008

$10,096 (−17.8%)

$3,080 + $53,520

$56,600

2007

$12,284

$3,080 + $60,951

$64,031

Tax history for 2316 W Nichols Rd

Year

Property tax

Land + Additions

Assessment*

2023

$18,841 (+5.9%)

$2,626 + $78,374

$81,000

2022

$17,798 (+35.6%)

$2,275 + $60,724

$62,999

2021

$13,125 (+1.1%)

$1,925 + $39,862

$41,787

2020

$12,986 (−11.1%)

$1,925 + $39,862

$41,787

2019

$14,601 (+5.3%)

$1,925 + $50,777

$52,702

2018

$13,860 (−3.9%)

$1,750 + $45,115

$46,865

2017

$14,426 (+7.2%)

$1,750 + $47,936

$49,686

2016

$13,460 (+17.8%)

$1,750 + $47,936

$49,686

2015

$11,431 (+0.8%)

$1,575 + $37,695

$39,270

2014

$11,335 (+13.5%)

$1,575 + $37,695

$39,270

2013

$9,990 (+0.4%)

$1,575 + $39,205

$40,780

2012

$9,948 (−11.2%)

$1,838 + $42,686

$44,524

2011

$11,205 (+12.2%)

$1,838 + $44,196

$46,034

2010

$9,987 (−2.4%)

$1,838 + $44,196

$46,034

2009

$10,228 (+1.3%)

$1,925 + $50,041

$51,966

2008

$10,096 (−17.8%)

$3,080 + $53,520

$56,600

2007

$12,284

$3,080 + $60,951

$64,031

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,501 Sq. Ft.

Year renovated

—

Sq. Ft.

6,567

Year built

1981

Style

Multi-Family (5+ Unit)

County

Cook County

APN

02012000640000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 15, 2026.

General Residence District

The R-8 General Residence District is intended to provide for high density residential developments. This district is intended to create a predominantly residential environment consisting of all types of residential structures, as well as schools, parks, churches and public facilities which serve the residents of the district. General commercial or industrial uses, except those enumerated, are prohibited. This district normally abuts major thoroughfares and expressways that provide direct access to the site and is typically located in or near high intensity areas of the County. Public or community utilities are required to service uses in this district.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Multiple units
Educational/school
Golf related
Sports arena / stadium
Park & open space

Property details

Parking

Parking Information
Outdoor Parking: 6-12 Spaces

Interior

Unit Type 1 Information
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 5
Monthly Income: $1,700
Monthly Income Max: $1,800

Unit Type 2 Information
# of Rooms: 4
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,500
Monthly Income Max: $1,600

Exterior

Building Information
# of Units: 6
Built Before 1978 (Y/N): No

Property Information
Property Type: Multi Family 5+
Parcel Number: 02012000640000

Lot Information
Dimensions: 70X30X32X70
Zoning: MULTI

Financial

Tax Information
Tax Annual Amount: $18,841
Tax Year: 2023

Financial Information
Finance Code: Cash
Gross Rent Multiplier: 8.56
Total Monthly Income: $10,000
Gross Income: $120,000

Utilities

Heating & Cooling
Heat/Ventilation: Other
Cooling: Window Unit(s)

Location

Location Information
Township: Palatine
Directions: Lake Cook Rd East of 53. South on Nichols Rd. Complex on West side of Nichols Rd

Public facts

Beds: 11
Baths: 6.0
Sq. Ft.: 6,567
Stories: 3.0
Lot Size: 3,501 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1981
Year Renovated: —
County: Cook County
APN: 02012000640000

Home facts updated by county records on Sep 15, 2026

Other

Expense Information
Water Sewer Expense: $4,200
Electric Expense: $600
Insurance Expense: $2,400

Listing Information
Possession: Closing
Some Photos Virtually Staged?: No

Around this home

Schools

Virginia Lake Elementary School

Public PreK-5 • Assigned • 1.8mi

6/10

Winston Campus Junior High School

Public 6-8 • Assigned • 2.8mi

5/10

Palatine High School

Public 9-12 • Assigned • 1.5mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 101° expected this year, 14 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Arlington Heights, IL • 60004

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 3.4 hours in December, placing it below the U.S. average for solar exposure.

10.2 hrs

3.4 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 60004

OPEN SAT, 1:30AM TO 4:30PM

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4023 N Ridge Ave, Arlington Heights, IL 60004

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4 W Suffield Dr, Arlington Heights, IL 60004

$449,998

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2632 N Windsor Dr #102, Arlington Heights, IL 60004

Home values near 2316 W Nichols Rd

Data from public records.

Address	Redfin Estimate
2310 Nichols Road, Arlington Heights, IL 11 Beds \| 6 Baths \| 6567 Sq. Ft.	—
2318 Nichols Road, Arlington Heights, IL 11 Beds \| 6 Baths \| 6315 Sq. Ft.	—

Address	Redfin Estimate
2312 Nichols Road, Arlington Heights, IL 11 Beds \| 6 Baths \| 6567 Sq. Ft.	—
2320 Nichols Road, Arlington Heights, IL 11 Beds \| 6 Baths \| 6567 Sq. Ft.	—

Address	Redfin Estimate
2314 Nichols Road, Arlington Heights, IL 11 Beds \| 6 Baths \| 6567 Sq. Ft.	—
2288 Nichols Road, Arlington Heights, IL 11 Beds \| 6 Baths \| 6315 Sq. Ft.	—

Property information provided by MRED as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 60004, IL

Sale history for 2316 W Nichols Rd

Tax history for 2316 W Nichols Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 60004

Home values near 2316 W Nichols Rd

More real estate resources