215 N Mill Street

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Address: 215 N Mill St, Naperville, IL 60540, USA
Chicago & Midwest + Apartment Buildings
Created date: September 22, 2026
Date last updated: September 30, 2026
Price: $600,000Investment Analyzer NEW!

Property Description

Turnkey investment or future build site in downtown Naperville! This R-2 zoned property offers rare, unmatched flexibility for the investor, custom builder, or owner-occupant looking to off-set a mortgage. This premium 50 x 135 lot with alley access is perfectly primed to build the custom luxury home of your dreams. The property currently features a well-maintained 2-flat. Both spacious units feature hardwood floors, a living room, eat-in kitchen with ample cabinets and counter tops, 2 bedrooms and 1 bathroom. The basement provides lots of extra storage space, laundry and a cedar closet. All of this providing strong rental potential in a high-demand market. Perfect for an investor looking for reliable cash flow, an owner-occupant looking to live in one unit and rent the other, or a builder looking for carry-income during the design phase. There is even the option to convert the property to single-family as the original interior staircase it still intact but currently not assessible. Phenomenal location situated within .5 miles of downtown Naperville featuring amazing restaurants, excellent shopping, and the beautiful Riverwalk. Just .3 miles to the Metra Station and .3 miles to highly acclaimed schools in District 203. Don't miss this uniquely versatile parcel in this highly sought-after downtown area! Property has been well maintained but is being sold as-is with no repair requests.

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $600,000
Year Built: 1950
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 3
Address: 215 N Mill Street, Naperville, IL 60540, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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