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$1,250,000
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Property Description
Well-maintained 6-unit multifamily building located in a highly desirable Northbrook location. All units are fully rented to long-term tenants, providing steady and reliable rental income. Each unit features laminate flooring throughout, with select units offering updated kitchen cabinets and renovated bathrooms. The building is in good interior and exterior condition, reflecting strong upkeep and pride of ownership. Ideally situated near shopping, dining, parks, award-winning schools, Glenbrook Hospital, and major highways for convenient access. Turnkey investment opportunity in a prime location-don't miss this one!
Full Property Details
Full Property Details for 3404 Salem Walk
General
- Price: $1,250,000
- HOA FEE: $348
- Taxes: $17,630 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12559965
- Updated: 2/16/2026
- Added to Site: 22 day(s) ago
Interior
- Basement: None
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors
Location
- Area: Northbrook
- County: Cook
- Driving Directions: One Block North of Lake on Milwaukee Ave. The East Corner of Milwaukee and Sanders.
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Central Heat/Individual Controls, Gas, Hot Water, Baseboard
Utilities
- Water: Municipal Water
- Onsite: Sewer Connected
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 3
- Year Built: 1978
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Dimensions: 64 x 56
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $348
- Insurance Fee: $3,405
- Operating Expenses: $35,336
- Other Fee: $6,600
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors
- Assessment Year: 1978
- Tax Amount: $17,630
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 432
Disclosures and Reports
- Property ID: 4302100380000
Listed by Baird & Warner
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Schools
Schools serving 3404 Salem Walk
| Name | Grades | Distance |
|---|---|---|
Henry Winkelman Elementary School 1919 Landwehr Road, Glenview, IL 60026 | PK-5 | 0.6 mi |
Field School 2055 Landwehr Road, Northbrook, IL 60062 | 6-8 | 1.8 mi |
Glenbrook South High School 4000 West Lake Avenue, Glenview, IL 60026 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3404 Salem Walk
Date
Details
Price
Change
Source
2/10/2026
Listed
$1,250,000
71.82%
MLS
7/22/2005
Sold
$727,500
—
Public Record
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 3404 Salem Walk
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,426
2%
$74,999
—
2022
$16,044
12%
$74,999
29%
2021
$14,380
5%
$58,099
—
2020
$13,682
-1%
$58,099
-13%
2019
$13,884
8%
$66,781
19%
2018
$12,804
12%
$56,053
—
2017
$11,464
-8%
$56,053
-13%
2016
$12,457
-4%
$64,097
5%
2015
$12,923
3%
$60,794
—
2014
$12,592
2%
$60,794
—
2013
$12,313
4%
$60,794
-4%
2012
$11,795
—
$63,495
—
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 3404 Salem Walk
3404 Salem Walk, Northbrook, IL 60062 (MLS# 12559965) is a Commercial property. 3404 Salem Walk is currently listed for $1,250,000 and was received on February 10, 2026. Want to learn more about 3404 Salem Walk? Do you have questions about finding other Commercial real estate for sale in Northbrook? You can browse all Northbrook real estate or contact a Coldwell Banker agent to request more information.

