Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12652192
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Request Info3488 Salem walkNorthbrook, IL 60062
Commercial · 2 Beds$1,399,000
Active
3488 Salem walk Overview
- Time on Site:
- 30 days
- Visits:
- 0
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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3488 Salem walk Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 6120
- Electric Expense: 700
- Fuel Expense: 3292
- Gross Income: 106800
- Insurance Expense: 3247
- Maintenance Expense: 0
- Net Operating Income: 70157
- Operating Expense: 36643
- Trash Expense: 0
- Water Sewer Expense: 5252
Building Information
- Year Built: 1978
Location/Region
- County Or Parish: Cook
- MLS Area Major: Northbrook
Tax Information
- Tax Annual Amount: $16,326.00
- Tax Year: 2024
General Information
- Parcel Number: 04302100590000
- Property Type: Commercial Sale
Interior
General Information
- Fireplaces Total: 0
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 64X56
General Information
- Number Of Units Total: 6
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 2
- Baths Total: 1
- Units Total: 6
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 0
- Units Total: 0
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
3488 Salem walk Neighborhood
Community
60062 (NORTHBROOK) Demographics
50
Median Age
2,141
Population Density (per sq. mile)
72%
College Educated
$116,579
Estimated Median Income
12,991
Estimated Total Home Owners
2,766
Estimated Total Renters
82% / 18%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.3488 Salem walk Monthly Cost
3488 Salem walk Market Data
Based on the last 30 days in this zip code
$928,082
Average List Price
$352
Average Price per Square Foot
53
Properties Sold
48
Average Days on Market
165
Properties for Sale
3488 Salem walk History
| Date | Value | Agent |
|---|---|---|
| 6/4/2026Source: MRED | Active |
|
| 5/31/2026Source: MRED | May 31, 2026 |