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$238,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 8 hours ago
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Investor alert! Fully rehabbed in 2025, this turnkey, income-producing 2 flat at 40 W Main St in Chicago Heights is the definition of low-maintenance investing. Whether you're expanding your portfolio or looking for the perfect house hack, this property is ready to generate returns from day one. Each unit has been completely updated with fresh paint, new wide plank luxury vinyl flooring, and modern lighting throughout. The brand new kitchens feature timeless shaker cabinetry, sleek quartz countertops, and ample storage. Both units offer two spacious bedrooms and a fully renovated full bath with stylish, contemporary finishes. The functional layouts provide comfortable living spaces designed to attract and retain quality tenants. The major mechanicals and big-ticket items were all replaced in 2025, including new furnaces, AC condensers, a roof, water heaters, and windows, which provides peace of mind and minimizes future capital expenses. A rear parking pad with space for up to three vehicles adds convenience and strong tenant appeal. This is a true plug-and-play investment opportunity for savvy investors and owner-occupants alike!

Full Property Details for 40 W Main St

General

  • Price: $238,000
  • Taxes: $2,914 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12602482
  • Updated: 3/26/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: Interstate Access

Parking

  • Garage: Yes
  • Total Spaces: 3
  • Parking Features: Off-Alley, Garage Faces Side, Yes, Owned

Location

  • Area: Chicago Heights
  • County: Cook
  • Township: Bloom
  • Driving Directions: When heading toward Independence Dr turn right, turn right onto Aberdeen St, turn right at the 1st cross street onto W Main St and the home will be on the right.

School Information

  • School District: 170
  • Elem School District: 170
  • Midd School District: 170
  • High School District: 206
  • Elementary School: Mckinley Elementary School
  • Middle School: Mckinley Elementary School
  • High School: Bloom High School
  • Private School: Bloom High School

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: None
  • Year Built: 1891
  • Built Before 1978: Yes
  • Remodeled/Updated: 2026

Unit Information

  • Units in Building: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3750

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1891
  • Tax Amount: $2,914
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 32292080060000

Listed by Redfin Corporation

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Listing agent

— 40 W Main St —

  • Redfin Corporation

(224) 699-5002

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 40 W Main St

School Districts:Chicago Heights School District 170, Bloom Township High School District 206
NameGradesDistance
Washington-Mckinley Elementary School
25 West 16th Place, Chicago Heights, IL 60411
K-80.4 mi
Bloom High School
101 West 10th Street, Chicago Heights, IL 60411
9-121.2 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 40 W Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/26/2026
Listed
$238,000
266.15%
MLS
2/28/2006
Sold
$65,000
—
Public Record
Get Price Alerts and Save Property
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 for 40 W Main St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,914
475%
$5,481
30%
2022
$507
-6%
$4,222
—
2021
$541
-18%
$4,222
—
2020
$658
-29%
$4,222
-16%
2019
$933
6%
$5,049
—
2018
$883
1%
$5,049
—
2017
$876
-28%
$5,049
6%
2016
$1,209
7%
$4,752
—
2015
$1,129
-2%
$4,752
—
2014
$1,147
2%
$4,752
-2%
2013
$1,122
-3%
$4,848
—
2012
$1,154
—
$4,848
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Redfin Corporation

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40 W Main Street, Chicago Heights, IL 60411 (MLS# 12602482) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 40 W Main Street is currently listed for $238,000 and was received on March 26, 2026. Want to learn more about 40 W Main Street? Do you have questions about finding other Multi-Family real estate for sale in Chicago Heights? You can browse all Chicago Heights real estate or contact a Coldwell Banker agent to request more information.

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