205 W Michael Ln, Addison, IL 60101
Property image
Property image
OFF MARKET

205 W Michael Ln
Addison, IL 60101

  • 2 Beds
  • 1 Bath
  • 6 sqft

$549,800

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $3,774/mo*
Refinance Your Home

$549,800

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $3,774/mo*
Refinance Your Home
2 Beds
1 Bath
6 sqft

Local Information

  • Map ViewExplore the area around 205 W Michael Ln.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1964
Living Area
6 sqft
Price/Sqft
$91,633

About this House

Very well maintained and 20-year owner/manager of this 6 Flat Apartment Building income property; (5) 2 Bedroom Apartments, (1) 1 Bedroom Apartment. $100,000 in Major Improvements Include: New Roof, Gutters, Windows, Exterior Entrance Doors, Water Heater, Boiler Heating System, Refrigerators, Electric Stoves, Carpet.
A+ report card from Village of Addison Community Inspector.

Fully Occupied, long term tenants. Great income generator.
Tenants pay for electricity
205 W Michael Ln, Addison, IL 60101 is a 2 bedroom, 1 bathroom, 6 sqft multi-family built in 1964. It is currently off market. The Trulia Estimate is $549,800, with a rent estimate of $1,723/month.

Home Details for 205 W Michael Ln

Interior Features

Interior Details
BasementAtticTypes of Rooms: Breakfast Nook, Family Room, Laundry Room
Heating & Cooling
Heating: Baseboard, Radiant, GasHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 3Floors: Carpet, Laminate
Appliances & Utilities
Refrigerator

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: BrickLawn
Parking & Garage
Parking Spaces: 9Parking: Off Street, On Street

Property Information

Year Built
Year Built: 1964
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 6

Lot Information

Lot Area: 8712 sqft

Price History for 205 W Michael Ln

DatePriceEventSource
03/24/2021ListingRemovedN/A
11/21/2013$490,000ListingRemovedN/A
10/03/2013$490,000PriceChange
N/A
07/26/2013$500,000PriceChange
N/A
07/23/2013$480,000Listed For SaleN/A

Market trends in Addison

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$393K
$21.73KMoM
Sale-to-List Price
100.5%
Price per sq ft
$232
$4MoM
Available listings
64
6MoM
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Comparable Sales for 205 W Michael Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
188 Paramount Dr, Wood Dale, IL
1.55
Multi-Family Home
$342,000
07/15/26
3
2
2,210
331 Miller Ln, Wood Dale, IL
1.88
Multi-Family Home
$585,000
02/13/26
7
4
-
450 N Addison Rd, Villa Park, IL
2.66
Multi-Family Home
$600,000
08/03/26
6
2
-
325 W Green St, Bensenville, IL
2.85
Multi-Family Home
$375,000
12/12/25
4
2
-
400 N Addison Rd, Villa Park, IL
2.78
Multi-Family Home
$500,000
10/15/25
6
2
-
112 N Center St #A, Bensenville, IL
3.08
Multi-Family Home
$525,000
04/17/26
3
3.5
1,802
323 Morningside Dr #B, Bloomingdale, IL
3.23
Multi-Family Home
$368,000
01/23/26
3
1.5
1,646
316 Morningside Dr #B, Bloomingdale, IL
3.27
Multi-Family Home
$241,000
11/19/25
3
1.5
1,444
306 Brookdale Dr #A, Bloomingdale, IL
3.43
Multi-Family Home
$374,900
03/04/26
3
1.5
1,646
211 N Larch Ave, Elmhurst, IL
3.51
Multi-Family Home
$600,000
04/30/26
4
3
-

Nearby homes

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Assigned Schools

These are the assigned schools for 205 W Michael Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Addison

At least 248 Trulia users voted on each feature.

  • 84 % Say it's dog friendly

  • 83 % Say there are sidewalks

  • 79 % Say car is needed

  • 75 % Say parking is easy

  • 70 % Say yards are well-kept

  • 69 % Say there's holiday spirit

  • 68 % Say kids play outside

  • 63 % Say streets are well-lit

  • 61 % Say there's wildlife

  • 60 % Say it's quiet

  • 57 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say it's walkable to grocery stores

  • 50 % Say it's walkable to restaurants

  • 45 % Say neighbors are friendly

  • 38 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Gailygurl5949
    "Summer concert series"
    0
    Flag
  • Jfverdi
    "Great neighborhood, one way in and one way out, privacy abound. Downfall is no nearby parks or pools and you can’t really walk to grocery stores if you need to, too far, about 1 mile away to closest one. Nice neighborhood restaurants and bars, kid friendly. Great H.S. Easy access to expressways and O’hare. "
    0
    Flag
  • Crystal Ortiz
    "Keep your kids safe always watch your surroundings something here and there so happen but that’s in a blue moon "
    0
    Flag
  • Mg7rpzw77h
    " This is one of a few places that I have seen children outside playing under watchful eyes of parents on several porches. It’s heartwarming to see kids playing outside and feeling safe. "
    0
    Flag
  • Erika R.
    "You could always see owners walking their dogs here, and they are also very good about picking up after them "
    2
    Flag
  • Francisco B.
    "Just visiting. The town seems really friendly. There are a lot of upscale housing in the area. I would say, not a bad place to live."
    1
    Flag
  • Janette C.
    "Great environment and great schools!! Never felt unsafe living here. Great suburb to live n have kids "
    0
    Flag
  • Kime
    "careing neighborhood on every street and good place to walk your dog everyone speaks ad wwwwwwyyyyyy"
    1
    Flag
  • Jeffsnider10
    "The neighborhood is friendly and safe. I have not heard of any crimes in our area for the past 6 years since we moved to this area. In the warmer months we walk our dog to the park several times a week if not daily, everyone is friendly."
    1
    Flag
  • Mmike4874
    "Not far from work easy 20 minute drive of course traffic makes a difference but close to home and yet still close to work "
    0
    Flag
  • Paige H.
    "I dont personally like living in addison but I guess its nice because it's close to stores. "
    0
    Flag
  • P. J.
    "There are several schools in the area. The way they determine what school your child attends needs improvement. "
    0
    Flag
  • Travis T.
    "Safe neighborhood to walk your dog in but way too many Skunks in the summer! My dog got sprayed 7 times in the 2 years I lived here. City doesn’t do anything about them. "
    1
    Flag
  • Pinedasyl
    "Close enough to walk to parks, schools, and stores. Close to bus stop, police station, and library. "
    1
    Flag
  • Kime
    "neighbors speaks all the time. neighbors look out for each other houses and cars no one try to steal your car "
    0
    Flag
  • Joshua G.
    "Very busy, very populated town. Some unsafe areas, some very nice areas. Depends where you live. Lake st, is also very busy all the time."
    0
    Flag
  • Chelsea T.
    "I've lived here for 5 years. It feels safe and welcoming. There are a lot of families with children and the park is always busy."
    0
    Flag
  • G.saab00012
    "I love my town. I've been living here from last 2 years and I feel totally safe here. It I will recommend this area to all peoples."
    0
    Flag
  • Jfverdi
    "We have Rock n Wheels every Thursday night at Village Center. Features live bands, food and beverage stands or you can bring your own. Great gathering event."
    0
    Flag
  • Tinamodela
    "Very isolated, people don’t really talk to each other. It used to be a lot more friendly, but not now. "
    0
    Flag
  • Trulia User
    "Friendly quiet town just west of the city. In summer lots of activities to do. Great restaurants and bars down lake. A great place to raise a family."
    0
    Flag
  • Aaliyah
    "By car, Lyft, Uber. I’ve seen a bus go passed but I have never taken it before. Or I choose to walk or ride a bike."
    0
    Flag
  • Shivendra B.
    "they love walking dogs and is really safe for dog and it is awesome to see people walking dogs. I'm about to move and I will miss people walking dogs. It is an good community "
    0
    Flag
  • Vinpomp35
    "there are plenty of dog walkers, lots of grass on both sides of sidewalk, and a couple parks and forest preserves close by. "
    0
    Flag
  • Erica S.
    "the park by my complex gets flooded when it rains a lot so sometimes you can't walk over there, it gets so bad it floods half of the parking lot "
    0
    Flag
  • Prisila C.
    "Summer Thursday nights Rockn wheels. never gone but looks fun. No other community events that I know of. wood Dale and Itasca near by. "
    0
    Flag
  • Laura E.
    "I've lived in this neighborhood for 3 years and have loved it. it's peaceful, well kept, and citizen oriented. I am sad to be leaving the area but work calls for it. "
    0
    Flag
  • Darlandra W.
    "The park, i ut allows the kids a supervised place to hangout. The have a place for little kids as well as big kids."
    1
    Flag
  • Stulo603
    "We have lived here for about 7 months. It’s a quiet neighborhood, the people are nice and friendly. Stores are close buy and great restaurants. "
    0
    Flag

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Apartments for Rent

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Explore by feature - Pet Friendly

11 pet-friendly rentals in Addison, IL

Explore by feature - Garage

15 rentals with a garage in Addison, IL

Explore by feature - Air Conditioning

29 rentals with air conditioning in Addison, IL

Explore by feature - Washer/dryer

15 rentals with a washer/dryer in Addison, IL

Explore by feature - Outdoor Space

7 rentals with an outdoor space in Addison, IL

Homes for sale near 205 W Michael Ln

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Off Market Homes Near 205 W Michael Ln

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Frequently asked questions about 205 W Michael Ln

  • What is 205 W Michael Ln estimated to be worth?
    Trulia's estimated value for 205 W Michael Ln in Addison, IL is $549,800.
  • Is Addison a buyer's or seller's market?
    Addison is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Addison?
    The median sale price in Addison is $393K. That is up $21.73K from the prior month.
  • What do residents say about Addison?
    Residents describe Addison, IL as dog-friendly, pedestrian-friendly, and easy to park in. See recently sold homes in Addison, IL.
  • Does 205 W Michael Ln have laundry facilities?
    Yes, 205 W Michael Ln in Addison, IL has laundry facilities.
  • Does 205 W Michael Ln have parking?
    Yes, 205 W Michael Ln in Addison, IL has on-site parking.