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$1,399,000 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for 3488 Salem Walk
General
- Price: $1,399,000
- Taxes: $16,326 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12652192
- Updated: 6/5/2026
- Added to Site: 6 day(s) ago
Location
- Area: Northbrook
- County: Cook
- Driving Directions: One Block North of Lake on Milwaukee Ave. The East Corner of Milwaukee and Sanders.
Heating & Cooling
- Heating Type: Central Heat/Individual Controls, Gas, Hot Water, Baseboard
Structural Information
- 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
Financial Considerations
- Insurance Fee: $3,247
- Operating Expenses: $36,643
- Other Fee: $6,120
- Assessment Year: 1978
- Tax Amount: $16,326
- Tax Year: 2024
- Pays Electric: 700
Disclosures and Reports
- Property ID: 4302100590000
Listed by Baird & Warner
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Schools
Schools serving 3488 Salem Walk
| Name | Grades | Distance |
|---|---|---|
Henry Winkelman Elementary School 1919 Landwehr Road, Glenview, IL 60026 | PK-5 | 0.7 mi |
Field School 2055 Landwehr Road, Northbrook, IL 60062 | 6-8 | 1.9 mi |
Glenbrook South High School 4000 West Lake Avenue, Glenview, IL 60026 | 9-12 | 0.9 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 3488 Salem Walk
Date
Details
Price
Change
Source
5/30/2026
Listed
$1,399,000
108.81%
MLS
4/14/2008
Sold
$670,000
—
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 3488 Salem Walk
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,326
—
$93,000
25%
2023
$16,326
2%
$74,542
—
2022
$15,947
11%
$74,542
28%
2021
$14,380
5%
$58,099
—
2020
$13,682
-1%
$58,099
-13%
2019
$13,884
-5%
$66,781
4%
2018
$14,636
12%
$64,076
—
2017
$13,105
5%
$64,076
—
2016
$12,453
22%
$64,076
33%
2015
$10,223
-19%
$48,092
-21%
2014
$12,589
2%
$60,781
—
2013
$12,310
4%
$60,781
-4%
2012
$11,792
—
$63,479
—
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 3488 Salem Walk
3488 Salem Walk, Northbrook, IL 60062 (MLS# 12652192) is a Commercial property. 3488 Salem Walk is currently listed for $1,399,000 and was received on May 30, 2026. Want to learn more about 3488 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.

