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423 Water Tower Rd

Manteno, IL 60950

3 bd 2 ba 1,622 sqft Built 1997 multi_family
Most recent sale
$254,500
Aug 5, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 5, 2022 Sold $254,500 MLS #11437853
Jun 16, 2022 Listed $249,000 MLS #11437853
Dec 10, 2020 Sold $187,000 MLS #10855352
Nov 10, 2020 Price changed $194,500 MLS #10855352
Sep 12, 2020 Listed $205,000 MLS #10855352

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $73,553 $13,362 $86,915 $6,578
2024 $63,457 $11,904 $75,361 $6,368
2022 $51,768 $9,861 $61,629 $5,758
2021 $49,766 $9,861 $59,627 $5,631
2020 $46,176 $9,597 $55,773 $4,844
2019 $45,242 $9,502 $54,744 $4,765
2018 $44,019 $9,362 $53,381 $4,524
2017 $43,088 $9,269 $52,357 $4,385
2016 $43,574 $9,269 $52,843 $4,265
2015 $41,706 $9,087 $50,793 $3,993
2014 $41,049 $8,953 $50,002 $3,746
2013 $41,410 $9,043 $50,453 $3,676
2012 $41,089 $8,759 $49,848 $3,536
2010 $45,853 $8,759 $54,612 $3,619
2009 $51,200 $8,759 $59,959 $3,825
2008 $49,750 $8,422 $58,172 $3,643
2007 $50,031 $7,871 $57,902 $4,017
2005 $41,253 $5,717 $46,970 $3,026

Property facts

Year built
1997
Property type
multi_family
Stories
1
Beds
3
Baths
2
Living area
1,622 sqft
Lot size
ZIP code
60950
City
Manteno
Street
Water Tower Rd
Coordinates
41.26054, -87.83955

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,920
Gross rental yield
13.77%
Implied cap rate
8.95%
Trend-extrapolated value

Frequently asked questions

When did 423 Water Tower Rd last sell?
423 Water Tower Rd most recently sold on Aug 5, 2022 for $254,500.
What is the current tax assessment for 423 Water Tower Rd?
The most recent total assessment for 423 Water Tower Rd (year 2025) is $86,915 with $6,578 in property tax.
How does 423 Water Tower Rd's assessment compare to its last sale price?
The current assessment is 65.8% below the last sale price of $254,500.
When was 423 Water Tower Rd built?
423 Water Tower Rd was built in 1997.
How does 423 Water Tower Rd compare to others on Water Tower Rd?
We track 8 other properties on Water Tower Rd. Browse the list under "Other properties on Water Tower Rd" to compare beds, baths, and sale history.
What are the property facts for 423 Water Tower Rd?
423 Water Tower Rd is a 3 bed, 2 bath, 1,622 sqft multi_family.
Is 423 Water Tower Rd a flip candidate?
Yes — 423 Water Tower Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 423 Water Tower Rd a tax-appeal candidate?
No — 423 Water Tower Rd is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+4.4%
Implied 1-yr
+17.6%
2026 Q3
$354.2K
2026 Q4
$366.3K
ZIP 60950 — Median Price History + Forecast

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