Skip to content
Skip to content
TopHapOpen in map
CondominiumResidential

505 S Cleveland Ave

ARLINGTON HEIGHTS, IL 60005
9.1 ac
Lot SizeThe size of the land the home sits on, from county records.
1972
Year BuiltThe year the home was originally built, according to county records.
Built 19723 floors24 units1,200–1,300 ft²
$5.2M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$215K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$180
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-41.6%vs the Arlington Heights ZIP median sale $/ft² ($309)

Sales Performance

$232K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+5.2%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
8.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+0.3%per yeartypical hold 6.2 yrsfrom 21 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
19982002200520082015202020232026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
19982002200520082015202020232026

43 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

2 bed
24 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 0 ba · 1,200 ft²
2 units
2 bd · 0 ba · 1,300 ft²
2 units
One-off layouts
20 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$188K–$197K
3 units
$200K–$204K
6 units
$207K–$213K
3 units
$217K–$222K
5 units
$229K–$230K
2 units
$235K–$237K
2 units
$252K–$253K
2 units
$262K–$262K
1 unit

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 1
$179/ft²
Floor 2
$178/ft²
Floor 3
$181/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.38%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.38%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.11.1 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.56%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.34%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$215,766
Median tax billThe middle annual property tax bill among the building's units.$3,910
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 106Jul 21, 2026$250,000Unit 303Feb 18, 2026$213,000Unit 307Mar 27, 2025$240,000Unit 207Mar 27, 2025$190,000Unit 304Nov 20, 2024$220,000Unit 108May 17, 2024$225,000Unit 205Jan 17, 2023$166,500Unit 307May 19, 2022$150,000Unit 108Feb 28, 2022$159,000Unit 106Sep 3, 2021$145,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.45
52
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
62
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
66
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.15 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyCOOK
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Dryden Elementary SchoolA
Elementary · Grades KG–5 · 0.4 mi
M
South Middle SchoolA
Middle · Grades 6–8 · 1.0 mi
H
Prospect High SchoolA+
High · Grades 9–12 · 1.0 mi

District: Arlington Heights School District 25

Neighborhood · ZIP 60005These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.66
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.124
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.43

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.35%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.2%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.29,041
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,697 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$105,707
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$124,071
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

505 S Cleveland Ave # 101
2 bd · 2 ba
$262K
505 S Cleveland Ave # 102
2 bd · 1,200 ft²
$217K
505 S Cleveland Ave # 103
2 bd
$209K
505 S Cleveland Ave # A104
2 bd
$213K
505 S Cleveland Ave # 105
2 bd
$204K
505 S Cleveland Ave # 106
2 bd
$252K
505 S Cleveland Ave # 107
2 bd · 1,300 ft²
$230K
505 S Cleveland Ave # 108
2 bd
$237K
505 S Cleveland Ave # 201
2 bd · 1,300 ft²
$229K
505 S Cleveland Ave # 202
2 bd
$204K
505 S Cleveland Ave # 203
2 bd
$222K
505 S Cleveland Ave Apt 204
2 bd · 1,200 ft²
$217K
505 S Cleveland Ave # 205
2 bd
$201K
505 S Cleveland Ave # 206
2 bd · 2 ba
$197K
505 S Cleveland Ave # 207
2 bd
$200K
505 S Cleveland Ave # 208
2 bd
$204K
505 S Cleveland Ave # 301
2 bd
$188K
505 S Cleveland Ave Apt 302
2 bd · 2 ba · 1,200 ft²
$217K
505 S Cleveland Ave # 303
2 bd
$218K
505 S Cleveland Ave # 304
2 bd
$235K
505 S Cleveland Ave # 305
2 bd
$197K
505 S Cleveland Ave # 306
2 bd
$204K
505 S Cleveland Ave # 307
2 bd
$253K
505 S Cleveland Ave # 308
2 bd
$207K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 505 S Cleveland Ave

How many units are in 505 S Cleveland Ave, Arlington Heights, IL?

505 S Cleveland Ave, Arlington Heights, IL has 24 residential units across 3 floors, built in 1972, according to county assessor records.

What is a unit at 505 S Cleveland Ave, Arlington Heights, IL worth?

The median TopHap Estimate across the 24 units at 505 S Cleveland Ave, Arlington Heights, IL is $214,586. That works out to $180 per square foot. Units run from 1,200 to 1,300 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 505 S Cleveland Ave, Arlington Heights, IL expensive for Arlington Heights?

Units at 505 S Cleveland Ave, Arlington Heights, IL carry a median of $180 per square foot, 42% below the Arlington Heights median of $309 per square foot.

How often do units sell at 505 S Cleveland Ave, Arlington Heights, IL?

2 units at 505 S Cleveland Ave, Arlington Heights, IL sold in the last 12 months, out of 43 recorded arms-length sales all time. That is a turnover rate of 8.3% of the building per year. The median sale over that period was $232K.

Have units at 505 S Cleveland Ave, Arlington Heights, IL appreciated?

Across 21 repeat sales of the same unit, 505 S Cleveland Ave, Arlington Heights, IL returned a median 0.3% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 6.2 years.

What floor plans does 505 S Cleveland Ave, Arlington Heights, IL have?

The most common plan at 505 S Cleveland Ave, Arlington Heights, IL is a 2-bedroom of 1,200 square feet, repeated 2 times, with a median estimate of $216,575. TopHap identifies 2 recurring plans in the building.

More homes on S Cleveland Ave

Closest homes

More homes in Arlington Heights 60005

Assigned schools

Explore the area

See this home in context

Open 505 S Cleveland Ave on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map