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$1,150,000 Just Listed
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Property Description
**Tours on Saturday August 21st 10:30am** All-brick, 12-unit apartment property in a desirable and accessible location. 7 of the 12 units are available for sale. Conveniently located near schools, shopping, restaurants, and major expressways, and close to downtown Addison. The available units consist of 6 (2-bedroom units) and 1 (1-bedroom unit). All rents are current. Pro forma financials are based on current market rental rates in the area. Buyers have the option to purchase a single unit or all seven available units.
Full Property Details
Full Property Details for 255 E Oak St
General
- Price: $1,150,000
- HOA FEE: $9,240
- Taxes: $11,751 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12735783
- Updated: 8/20/2026
- Added to Site: 2 day(s) ago
Location
- Area: Addison
- County: DuPage
- Township: Addison
- Driving Directions: ADDISON RD. 1 BLOCK NORTH OF LAKE ST. EAST ON OAK ST. TO PROPERTY (ACROSS FROM ADDISON PARK DISTRICT).
- Location Details: Mixed-Use Area
Community
- Assoc. Fees Include: Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Snow Removal
Heating & Cooling
- Heating Type: Gas, Radiators
Utilities
- Trash: 9240
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Condominium, Multi-Family
- Year Built: 1972
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 7
- Units w/Range/Oven: 7
Lot Features
- Lot Size (Acres): 1.12
- Lot Dimensions: 197 x 302
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $9,240
- Insurance Fee: $9,240
- Operating Expenses: $37,978
- Assessment Year: 1972
- Tax Amount: $11,751
- Tax Year: 2025
- Tenant Pays: Electricity
- Pays Trash: 9240
Disclosures and Reports
- Property ID: 9999999000
Listed by Suburban Life Realty, Ltd.
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Schools
Schools serving 255 E Oak St
School Districts:Addison School District 4, Dupage High School District 88
| Name | Grades | Distance |
|---|---|---|
Fullerton Elementary School 400 South Michigan Avenue, Addison, IL 60101 | K-5 | 0.9 mi |
Indian Trail Jr High School 222 North Jf Kennedy Drive, Addison, IL 60101 | 6-8 | 2 mi |
Addison Trail High School 213 North Lombard Road, Addison, IL 60101 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 255 E Oak St
Date
Details
Price
Change
Source
8/18/2026
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 255 E Oak St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,834
—
$27,313
8%
2025
$1,834
15%
$25,313
17%
2022
$1,600
4%
$21,720
4%
2021
$1,536
3%
$20,800
4%
2020
$1,498
—
$19,920
4%
2019
$1,491
2%
$19,150
6%
2018
$1,465
2%
$18,050
5%
2017
$1,432
2%
$17,250
8%
2016
$1,402
-4%
$15,930
3%
2015
$1,453
-32%
$15,540
-31%
2014
$2,128
2%
$22,620
-2%
2013
$2,081
3%
$23,080
-6%
2012
$2,015
—
$24,640
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 255 E Oak St
255 E Oak Street, Addison, IL 60101 (MLS# 12735783) is a Commercial property. 255 E Oak Street is currently listed for $1,150,000 and was received on August 18, 2026. Want to learn more about 255 E Oak Street? Do you have questions about finding other Commercial real estate for sale in Addison? You can browse all Addison real estate or contact a Coldwell Banker agent to request more information.

