Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12652192MLS Provider

3488 Salem walkNorthbrook, IL 60062

Commercial · 2 Beds
$1,399,000 Active

3488 Salem walk Overview

Time on Site:
29 days
Visits:
0

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!

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3488 Salem walk Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 6120
  • Electric Expense: 700
  • Fuel Expense: 3292
  • Gross Income: 106800
  • Insurance Expense: 3247
  • Maintenance Expense: 0
  • Net Operating Income: 70157
  • Operating Expense: 36643
  • Trash Expense: 0
  • Water Sewer Expense: 5252

Building Information

  • Year Built: 1978

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Northbrook

Tax Information

  • Tax Annual Amount: $16,326.00
  • Tax Year: 2024

General Information

  • Parcel Number: 04302100590000
  • Property Type: Commercial Sale

Interior

General Information

  • Fireplaces Total: 0
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 64X56

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0
  • Units Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

3488 Salem walk Neighborhood

Community

60062 (NORTHBROOK) Demographics

50
Median Age
2,141
Population Density (per sq. mile)
72%
College Educated
$116,579
Estimated Median Income
12,991
Estimated Total Home Owners
2,766
Estimated Total Renters
82% / 18%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3488 Salem walk Monthly Cost

$
$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3488 Salem walk Market Data

Based on the last 30 days in this zip code

$927,081
Average List Price
$287
Average Price per Square Foot
49
Properties Sold
49
Average Days on Market
167
Properties for Sale
Calculations provided by Reliance Network

3488 Salem walk History

Date Event Value Agent
6/4/2026Source: MRED Status Change
Active
5/31/2026Source: MRED Added to Database
May 31, 2026