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$1,200,000
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Property Description
Prime Investment Opportunity in the Heart of Wheeling! Welcome to 287 8th Street, a fully remodeled six-unit multifamily building ideally located in the thriving heart of Wheeling. This turn-key property features five spacious 2-bedroom units and one 1-bedroom unit, all recently renovated with modern finishes throughout. Each of the 2-bedroom units includes in-unit laundry, a highly desirable amenity that adds value and convenience for tenants. All units boast updated kitchens, bathrooms, flooring, and fixtures-ensuring low maintenance and strong tenant appeal. Recent upgrades have allowed for increased rents, making this an excellent cash-flowing asset for investors seeking stable returns in a growing market. Don't miss this rare opportunity to own a fully updated multi-unit building in one of Wheeling's most accessible and walkable neighborhoods. Whether you're looking to expand your portfolio or begin your real estate investment journey, 287 8th Street delivers both immediate income and long-term value.
Full Property Details
Full Property Details for 287 8th St
General
- Sold For: $1,200,000
- Taxes: $21,113 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12493592
- Added to Site: 97 day(s) ago
Location
- Area: Wheeling
- County: Cook
- Driving Directions: Dundee and Wolf, north to Strong west to 8th
Heating & Cooling
- Cooling Type: Wall Sleeve, Window Unit(s)
- Heating Type: Electric
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1978
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 6
Lot Features
- Lot Dimensions: 100 x 132
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $16,583
- Assessment Year: 1978
- Tax Amount: $21,113.9
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 3023050050000
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Schools
Schools serving 287 8th St
School Districts:Wheeling Community Consolidated School District 21, Township High School District 214
| Name | Grades | Distance |
|---|---|---|
Eugene Field Elementary School, Wheeling, IL 51 Saint Armand Lane, Wheeling, IL 60090 | PK-5 | 1.3 mi |
Jack London Middle School 1001 West Dundee Road, Wheeling, IL 60090 | 6-8 | 1.2 mi |
Wheeling High School 900 South Elmhurst Road, Wheeling, IL 60090 | 9-12 | 1.6 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 287 8th St
Date
Details
Price
Change
Source
11/11/2025
Sold
$1,200,000
—
MLS
10/11/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
287 8th Street, Wheeling, IL 60090 (MLS# 12493592) is a Commercial property that was sold at $1,200,000 on November 11, 2025. This property was listed by Galya Georgieva Team from our The Groves Office.Want to learn more about 287 8th Street? Do you have questions about finding other Commercial real estate for sale in Wheeling? You can browse all Wheeling real estate or contact a Coldwell Banker agent to request more information.


