NOT LISTED FOR SALE

1140 Arnold Ct Des Plaines, IL 60016

8 Beds
5 Baths
1,324 Sq Ft
1967 Built

Last Sold November 10, 2022

Last sale price $600,000 $453 Per Sq Ft

1 Day on Market

Highlights

  • 3 Car Detached Garage
  • Elk Grove High School Rated A
  • Paved or Partially Paved Lot

About This Home

As of November 2022

*** Perfect for investors or first time buyers wanting to save money on monthly expenses! Rare opportunity to buy a well kept, legal 3 flat in the suburbs. This all-brick structure consists of 8 bedrooms, 4 full baths, 1 half bath, coin laundry, window a/c, boiler heat and 3 car garage! Quality of ownership is expressed through windows, common areas, patio work and overall cleanliness of home. Unit 2 is the owners unit with a fully remodeled extra large kitchen, wooden tile, walk-in closet, 3 beds, 2 full baths and hardwood flooring. Top floor, Unit 3, has 3 beds and 1.5 baths. Unit 1 in the lower level has 2 beds and 1 bath. Pictures are not in listing, however, very well kept with annual rent at $1200 a month. At today's market rent, this building can be fully leased out at $5,225 monthly, $62,700 annually with garage parking. Each unit has their own boiler, wall a/c units, and their own electric meters. Annual water and trash expenses of $2,330.

Last Agent to Sell the Property

Alexander Landowski

Real People Realty License #475181475 Listed on: 10/05/2022

Last Buyer's Agent

Non Member

Central Illinois Board of REALTORS License ##N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,187

Year Built

  • Built in 1967 | Remodeled in 2017

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Storage

Lot Details

  • Lot Dimensions are 148.9 x 56.8
  • Paved or Partially Paved Lot

Schools

  • Devonshire Elementary School
  • Friendship Junior High School
  • Elk Grove High School

Utilities

  • Radiator
  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 3 Units
  • Gross Income $5,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,187

Year Built

Built in 1967 | Remodeled in 2017

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Walkout
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Finished,Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Window Air Conditioner,Garage/Space,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • OtherStructures: Garage(s)
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Radiant, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved

Schools

  • Elementary School: Devonshire School
  • High School: Elk Grove High School
  • Middle/Junior School: Friendship Junior High School

Lot Info

  • Lot Dimensions: 148.9 X 56.8
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 5225
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 10186.76
  • Tax Year: 2020
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2022 11/10/22 Sold $600,000 0.0% $453 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $599,997 0.0% $453 / Sq Ft
02/28/2017 02/28/17 Rented $1,350 0.0% --
02/04/2017 02/04/17 Price Changed $1,350 -3.6% $1 / Sq Ft
01/21/2017 01/21/17 For Rent $1,400 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,175 $65,001 $8,348 $56,653
2024 $13,175 $52,000 $7,155 $44,845
2023 $11,769 $52,000 $7,155 $44,845
2022 $11,769 $52,000 $7,155 $44,845
2021 $10,351 $40,586 $4,770 $35,816
2020 $10,187 $40,586 $4,770 $35,816
2019 $10,685 $46,651 $4,770 $41,881
2018 $10,100 $39,573 $3,975 $35,598
2017 $12,172 $44,361 $3,975 $40,386
2016 $10,345 $44,361 $3,975 $40,386
2015 $10,834 $39,319 $3,577 $35,742
2014 $4,548 $39,319 $3,577 $35,742
2013 $4,557 $39,319 $3,577 $35,742
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11645299

Midwest Real Estate Data (MRED)
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