2320 Nichols Rd, Arlington Heights, IL 60004

Off market jun 2022 for $705K

—

Est. refi paymentEst. refi $1,861/mo

•

6 ba

•

6,567

sq ft

2320 Nichols Rd, Arlington Heights, IL 60004

About this home

Fully rented 6 unit building in County Glen. 5 two bedroom apartments and 1 one bedroom apartment. Located in prime Arlington Heights location off Lake Cook Road with easy access to IL 53, Rt 12, 90 & 290. Value add opportunity! Water heater was replaced August 2017. All appliances are in working order. Age of roof and windows are unknown but no issues at this time. Each unit has an assigned exterior parking spot in addition there is a community lot. Monthly Income of $5,780. HOA fee of $320/month to cover common area maintenance and scavenger.

Multi-familyProperty Type

1980Year Built

3,305 sq ftLot Size

$107Price/Sq.Ft.

6 spacesParking

Listed by Danielle Dowell • Berkshire Hathaway HomeServices Chicago

Listed by Jaclyn Kelly • Berkshire Hathaway HomeServices Chicago

Bought with John Kim • Homes R Us Realty Inc.

Redfin checked: 3 minutes ago

•Source:MRED as Distributed by MLS Grid #11338946

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, 11AM TO 2PM
$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
NEW 6 HRS AGO
$339,000
2 beds2 baths1,379 sq ft
1508 W Pheasant Trail Dr #1, Arlington Heights, IL 60004
NEW
$529,000
4 beds2 baths1,353 sq ft
1627 E Jonquil Ter, Arlington Heights, IL 60004
NEW 8 HRS AGO
$485,000
3 beds2.5 baths1,915 sq ft
2725 E Bel Aire Dr, Arlington Heights, IL 60004
NEW 17 HRS AGO
$215,000
2 beds2 baths1,108 sq ft
2632 N Windsor Dr #102, Arlington Heights, IL 60004
OPEN SAT, 12PM TO 4PM
$588,000
3 beds2.5 baths2,100 sq ft
2012 N Kennicott Dr, Arlington Heights, IL 60004
$554,750
3 beds2.5 baths2,394 sq ft
3014 N Dryden Pl, Arlington Heights, IL 60004
NEW 33 HRS AGO
$1,995,000
6 beds3.5 baths5,400 sq ft
300 E Euclid Ave, Arlington Heights, IL 60004
NEW
$459,998
2 beds1.5 baths1,674 sq ft
931 N Fernandez Ave, Arlington Heights, IL 60004
See all

Provided by Redfin

Sale history for 2320 Nichols Rd

Year

Property tax

Land + Additions

Assessment*

2023

$18,122 (+5.9%)

$2,479 + $78,521

$81,000

2022

$17,119 (+19.6%)

$2,148 + $58,446

$60,594

2021

$14,308 (+1.1%)

$1,817 + $43,739

$45,556

2020

$14,157 (−3.2%)

$1,817 + $43,739

$45,556

2019

$14,625 (+2.0%)

$1,817 + $50,971

$52,788

2018

$14,336 (+1.9%)

$1,652 + $46,822

$48,474

2017

$14,074 (+4.7%)

$1,652 + $46,822

$48,474

2016

$13,442 (+20.9%)

$1,652 + $47,966

$49,618

2015

$11,119 (−9.2%)

$1,487 + $36,710

$38,197

2014

$12,244 (+2.9%)

$1,487 + $40,930

$42,417

2013

$11,899 (+1.4%)

$1,487 + $40,930

$42,417

2012

$11,734 (+5.1%)

$1,735 + $44,130

$45,865

2011

$11,164 (+1.5%)

$1,735 + $44,130

$45,865

2010

$10,994 (−10.9%)

$1,735 + $44,130

$45,865

2009

$12,334 (−2.1%)

$1,817 + $54,900

$56,717

2008

$12,602 (+2.7%)

$2,908 + $61,032

$63,940

2007

$12,267

$2,908 + $61,032

$63,940

Tax history for 2320 Nichols Rd

Year

Property tax

Land + Additions

Assessment*

2023

$18,122 (+5.9%)

$2,479 + $78,521

$81,000

2022

$17,119 (+19.6%)

$2,148 + $58,446

$60,594

2021

$14,308 (+1.1%)

$1,817 + $43,739

$45,556

2020

$14,157 (−3.2%)

$1,817 + $43,739

$45,556

2019

$14,625 (+2.0%)

$1,817 + $50,971

$52,788

2018

$14,336 (+1.9%)

$1,652 + $46,822

$48,474

2017

$14,074 (+4.7%)

$1,652 + $46,822

$48,474

2016

$13,442 (+20.9%)

$1,652 + $47,966

$49,618

2015

$11,119 (−9.2%)

$1,487 + $36,710

$38,197

2014

$12,244 (+2.9%)

$1,487 + $40,930

$42,417

2013

$11,899 (+1.4%)

$1,487 + $40,930

$42,417

2012

$11,734 (+5.1%)

$1,735 + $44,130

$45,865

2011

$11,164 (+1.5%)

$1,735 + $44,130

$45,865

2010

$10,994 (−10.9%)

$1,735 + $44,130

$45,865

2009

$12,334 (−2.1%)

$1,817 + $54,900

$56,717

2008

$12,602 (+2.7%)

$2,908 + $61,032

$63,940

2007

$12,267

$2,908 + $61,032

$63,940

*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

3,305 Sq. Ft.

Year renovated

—

Sq. Ft.

6,567

Year built

1982

Style

Multi-Family (5+ Unit)

County

Cook County

APN

02012000620000

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
# of Parking (Total): 6
Outdoor Parking: Common Parking,Lighted,Paved

Interior

Additional Rooms Information
Basement Description: None

Unit Type 1 Information
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $905
Monthly Income Max: $1,100

Unit Type 2 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,035
Monthly Income Max: $1,200

Unit Type 3 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,045
Monthly Income Max: $1,200

Unit Type 4 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,045
Monthly Income Max: $1,200

Unit Type 5 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,045
Monthly Income Max: $1,200

Unit Type 6 Information
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,035
Monthly Income Max: $1,200

Exterior

Building Information
# of Units: 6
Exterior Building Type: Brick
Built Before 1978 (Y/N): No
Construction Materials: Brick

Property Information
Property Type: Multi Family 5+
Conversion (Y/N): N
Tenancy Type: Leases
Parcel Number: 02012000620000

Lot Information
Dimensions: 70X32X30X70
Zoning: MULTI

Financial

Tax Information
Tax Annual Amount: $14,157
Tax Year: 2020

Financial Information
Finance Code: Cash
Gross Rent Multiplier: 10.8
Total Monthly Income: $5,780
Gross Income: $69,360

Utilities

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

Location

Homeowners Association Information
Owners Assoc (Y/N): Yes
Association Fee Includes: Parking, Insurance, Scavenger, Snow Removal

Location Information
Directions: Lake Cook Road to Nichols

Public facts

Beds: 11
Baths: 6.0
Sq. Ft.: 6,567
Stories: 3.0
Lot Size: 3,305 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1982
Year Renovated: —
County: Cook County
APN: 02012000620000

Home facts updated by county records on Sep 15, 2026

Other

Expense Information
Water Sewer Expense: $3,697
Water Expense Source: Actual
Electric Expense: $806
Insurance Expense: $2,585

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 • 1.4mi

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

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Home values near 2320 Nichols Rd

Data from public records.

Address	Redfin Estimate
2318 Nichols Road, Arlington Heights, IL 11 Beds \| 6 Baths \| 6315 Sq. Ft.	—
4061 Bonhill Drive Unit 1B, Arlington Heights, IL 2 Beds \| 1 Baths \| 800 Sq. Ft.	$183,845

Address	Redfin Estimate
2322 Nichols Road, Arlington Heights, IL 11 Beds \| 6 Baths \| 6567 Sq. Ft.	—
4067 Bonhill Drive Unit 1A, Arlington Heights, IL 1 Beds \| 1 Baths \| - Sq. Ft.	$126,264

Address	Redfin Estimate
2324 Nichols Road Unit B, Arlington Heights, IL 11 Beds \| 6 Baths \| 6315 Sq. Ft.	—
4061 Bonhill Drive Unit 3E, Arlington Heights, IL 2 Beds \| 1 Baths \| - Sq. Ft.	$52,446

Property information provided by MRED as Distributed by MLS Grid when last listed in 2022. 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 2320 Nichols Rd

Tax history for 2320 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 2320 Nichols Rd

More real estate resources