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$849,788 Just Listed

  • For Sale
  • Active
  • Commercial
  • 5,340 Sq. Ft.
  • Updated 1 hour ago
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Great Investment Opportunity! Well maintained by owner. All Updated Units on 2022 Check out this 6 unit Building; 3 - 1 bedroom units and 3 - 2 bedroom units just ready to keep cash flowing. 12 assigned parking spaces. Located close to public transit and shops. A must see! Being sold "As-Is".

Full Property Details for 512 Piper Ln

General

  • Price: $849,788
  • HOA FEE: $1,240
  • Taxes: $17,432 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12558274
  • Updated: Today (2/4/2026)
  • Added to Site: Today

Interior

  • Interior Features: Laundry Room

Additional Information

  • Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors

Location

  • Area: Prospect Heights
  • County: Cook
  • Township: Wheeling
  • Driving Directions: W of Milwaukee Ave S of Palatine Rd.

Community

  • Assoc. Fees Include: Parking, Lawn Care, Scavenger, Snow Removal

Heating & Cooling

  • Cooling Type: Wall Sleeve
  • Heating Type: Gas, Hot Water, Radiators, Baseboard

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Foundation: Concrete Perimeter
  • Stories/Levels: 3
  • Square Feet: 5,340
  • Year Built: 1980

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 3,376
  • Lot Dimensions: 53 x 63
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $1,240
  • Insurance Fee: $3,156
  • Operating Expenses: $36,492
  • Other Fee: $2,400
  • Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors
  • Assessment Year: 1980
  • Tax Amount: $17,432
  • Tax Year: 2024
  • Tenant Pays: Electricity
  • Pays Electric: 300

Disclosures and Reports

  • Property ID: 3241010150000

Listed by RE/MAX Suburban

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— 512 Piper Ln —

  • RE/MAX Suburban

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 512 Piper Ln

School Districts:Wheeling Community Consolidated School District 21, Township High School District 214
NameGradesDistance
Mark Twain Elementary School, Wheeling, IL
515 East Merle Lane, Wheeling, IL 60090
PK-52.2 mi
Oliver W Holmes Middle School
221 South Wolf Road, Wheeling, IL 60090
6-82 mi
Wheeling High School
900 South Elmhurst Road, Wheeling, IL 60090
9-122.4 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 512 Piper Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/04/2026
Listed
$849,788
73.43%
MLS
5/17/2021
Sold
$490,000
—
Public Record
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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 512 Piper Ln

Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,797
7%
$49,999
—
2022
$15,763
32%
$49,999
52%
2021
$11,965
3%
$32,842
—
2020
$11,592
-4%
$32,842
-14%
2019
$12,131
1%
$38,012
13%
2018
$11,956
2%
$33,737
—
2017
$11,746
6%
$33,737
—
2016
$11,046
1%
$33,737
9%
2015
$10,948
3%
$30,839
—
2014
$10,675
-7%
$30,839
-13%
2013
$11,435
27%
$35,542
18%
2012
$8,996
—
$30,066
—
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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512 Piper Lane, Prospect Heights, IL 60070 (MLS# 12558274) is a Commercial property. 512 Piper Lane is currently listed for $849,788 and was received on February 04, 2026. Want to learn more about 512 Piper Lane? Do you have questions about finding other Commercial real estate for sale in Prospect Heights? You can browse all Prospect Heights real estate or contact a Coldwell Banker agent to request more information.

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