POSITIVE CASH FLOW TURN KEY INVESTMENT PROPERTY IN EXCELLENT CONDITION. 5 OUT OF 6 UNITS ARE UPDATED WITH WOOD LAMINATE OR CARPET, NEWER KITCHEN CABINETS AND VANITY IN BATHROOMS. CURRENT OWNER IS INFUSING ADDITIONAL CAPITAL TO UPSCALE THIS PROPERTY. RECENT UPDATES ARE NEW CARPET IN HALLWAY, NEW MAILBOX, NEW FRONT DOOR, AND FRESHLY PROFESSIONAL PAINT JOB IN HALLWAY. CURRENT RENT IS LOW AND THERE IS A POTENTIAL TO INCREASE RENT ROLL.
Multi-familyProperty Type
1980Year Built
2,613 sq ftLot Size
12 spacesParking
Listed by Shay Thakkar• ARNI Realty Incorporated
Bought with Shay Thakkar• ARNI Realty Incorporated
FABULOUS INVESTMENT PROPERTY IN VERY GOOD CONDITION. ALL UNITS UPDATED BETWEEN 2016 AND 2018. NEW ROOF IN 2012. FULLY RENTED. THREE STORY BRICK BUILDING WITH PRIVATE BALCONIES IN HUNT CLUB!!EXCELLENT LOCATION AND OWNER HAS TAKEN CARE TO MAINTAIN THIS 6 FLAT UNIT. THREE 2 BEDROOM, 1 BATHROOM UNITS AND THREE 1 BEDROOM, 1 BATHROOM UNITS. TENANTS PAY ELECTRIC. ASSOCIATION FEE COVERS LAWN CARE, SNOW REMOVAL, TRASH PICKUP. RENTAL OFFICE IN THE COMPLEX. ==PLEASE NOTE THAT THE OWNER WILL SHOW THE LISTING WITH THE BUYERS AGENT ==OPERATING COSTS & RENT ROLL IN ADDITIONAL INFORMATION
MRED as Distributed by MLS Grid #07406064
Jul 12, 2010
Listing Removed
—
Year
Property tax
Land + Additions
Assessment*
2023
$19,773 (+4.9%)
$2,556 + $69,444
$72,000
2022
$18,857 (+22.7%)
$2,059 + $56,941
$59,000
2021
$15,374 (+2.7%)
$1,633 + $39,862
$41,495
2020
$14,974 (−5.3%)
$1,633 + $39,862
$41,495
2019
$15,810 (+11.5%)
$1,633 + $46,617
$48,250
2018
$14,184 (+2.1%)
$1,420 + $37,446
$38,866
2017
$13,895 (+7.2%)
$1,420 + $37,446
$38,866
2016
$12,967 (+25.4%)
$1,420 + $37,446
$38,866
2015
$10,343 (+2.5%)
$1,207 + $27,822
$29,029
2014
$10,090 (+8.3%)
$1,207 + $27,822
$29,029
2013
$9,315 (−0.5%)
$1,207 + $27,822
$29,029
2012
$9,363 (−16.6%)
$1,349 + $30,004
$31,353
2011
$11,221 (+2.2%)
$1,349 + $38,149
$39,498
2010
$10,976 (−2.7%)
$1,349 + $38,149
$39,498
2009
$11,277 (+0.9%)
$1,420 + $43,418
$44,838
2008
$11,171 (+4.2%)
$2,272 + $49,105
$51,377
2007
$10,723
$2,272 + $49,105
$51,377
Tax history for 353 Inland Dr
Year
Property tax
Land + Additions
Assessment*
2023
$19,773 (+4.9%)
$2,556 + $69,444
$72,000
2022
$18,857 (+22.7%)
$2,059 + $56,941
$59,000
2021
$15,374 (+2.7%)
$1,633 + $39,862
$41,495
2020
$14,974 (−5.3%)
$1,633 + $39,862
$41,495
2019
$15,810 (+11.5%)
$1,633 + $46,617
$48,250
2018
$14,184 (+2.1%)
$1,420 + $37,446
$38,866
2017
$13,895 (+7.2%)
$1,420 + $37,446
$38,866
2016
$12,967 (+25.4%)
$1,420 + $37,446
$38,866
2015
$10,343 (+2.5%)
$1,207 + $27,822
$29,029
2014
$10,090 (+8.3%)
$1,207 + $27,822
$29,029
2013
$9,315 (−0.5%)
$1,207 + $27,822
$29,029
2012
$9,363 (−16.6%)
$1,349 + $30,004
$31,353
2011
$11,221 (+2.2%)
$1,349 + $38,149
$39,498
2010
$10,976 (−2.7%)
$1,349 + $38,149
$39,498
2009
$11,277 (+0.9%)
$1,420 + $43,418
$44,838
2008
$11,171 (+4.2%)
$2,272 + $49,105
$51,377
2007
$10,723
$2,272 + $49,105
$51,377
*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
9
Baths
6
Stories
2
Lot width
—
Lot depth
—
Lot size
2,840 Sq. Ft.
Year renovated
—
Sq. Ft.
4,740
Year built
1981
Style
Multi-Family (5+ Unit)
County
Cook County
APN
03123001390000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 15, 2026.
R-4
TRANSITION AREA
RPZ
Multiple-Family Residential District
The R-4 Multiple-family District is established to stabilize and conserve existing neighborhoods that predominantly consist of multiple-family dwellings built at moderate to high density. These districts are also intended to promote the development of comparable new areas in order to accommodate persons desiring this type of residential environment. Developments in the R-4 Multiple-Family District are required to have site plan approval in accordance with Chapter 19- 12.
Zone overlays
Runway Protection Zone and Transition Area District
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Parking
Parking Information
# of Parking Spaces: 12
Interior
Equipment
# of Dishwashers: 6
# of Refrigerators: 6
# of Ranges: 6
# of Washers: 1
# of Dryers: 1
Heating & Cooling
Central Heating with Individual Controls, Baseboard Heating, Separate Heating Per Unit
Multi-Family Information
# of Units: 6
Washer/Dryer Leased
Tenant Pays Electric
Unit 1 Information
# of Units of Type: 3
# of Rooms: 4
# of Beds: 1
# of Baths: 1
Monthly Income: $850
Maximum Monthly Income: $900
Unit 2 Information
# of Units of Type: 3
# of Rooms: 5
# of Beds: 2
# of Baths: 1
Monthly Income: $990
Maximum Monthly Income: $1,050
Exterior
Building Information
Age: 26-35 Years
Brick Exterior
Brick Construction
Concrete Foundation
Flat Roof
Lot Information
Dimensions: 60X42
Zoning: MULTI
Property Information
Ownership Type: Individual
Current Use: Residential (Multi-Family)
Potential Use: Residential (Multi-Family)
Parcel Identification Number: 03123001390000
Financial
Financial Information
Tax: $14,183.70
Tax Year: 2018
Total Monthly Income: $5,740
Total Annual Income: $70,020
Gross Rental Income: $68,520
Gross Rent Multiplier: 8.21
Net Operating Income: $40,751
Net Operating Income Year: 2018
Cap Rate: 7.5
Finance Code: Conventional
Utilities
Utility Information
Sanitary Sewer to Site, Water (Private Company)
Location
Homeowners Association Information
Assessment Includes: Includes Parking, Includes Lawn Care, Includes Scavenger, Includes Snow Removal
Location Information
Township: Wheeling
Directions: MILWAUKEE TO HINTZ,WEST TO WOLF, NORTHTO INLAND, EAST TO BUILDING
Public facts
Beds: 9
Baths: 6.0
Sq. Ft.: 4,740
Stories: 2.0
Lot Size: 2,840 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1981
Year Renovated: —
County: Cook County
APN: 03123001390000
Home facts updated by county records on Sep 15, 2026
Other
Expense Information
Total Annual: $27,169
Total Annual Year: 2018
Electricity: $456
Listing Information
Possession: Closing
Known Encumbrances: None Known
Sale Terms: Conventional, Cash Only
Seller Concessions: No
Around this home
Schools
Mark Twain Elementary School
Public PreK-5 • Assigned • 1.2mi
5/10
Oliver W Holmes Middle School
Public 6-8 • Assigned • 0.6mi
4/10
Wheeling High School
Public 9-12 • Assigned • 1.6mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
6/10 Flood Factor
Estimated 80%+ chance 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 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Wheeling, IL • 60090
Average low and high temperatures (°F)
30
15
38
21
54
33
62
42
68
48
81
62
86
68
81
64
78
58
67
48
50
37
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.