NOT LISTED FOR SALE

1255 Washington St Des Plaines, IL 60016

5 Beds
6 Baths
3,600 Sq Ft
6,250 Sq Ft Lot

Last Sold July 01, 2021

Last sale price $605,000 $168 Per Sq Ft

9 Days on Market

About This Home

As of July 2021

Clean, well-kept yellow-brick six-flat in downtown Des Plaines featuring 5 large 1 bedroom/1bath, and 1 studio apartment. All units in great condition and show well. Complete tear off shingled roof in 2011. Majority of the windows have been replaced, also updated appliances over time. Room for seven off-street parking spaces.

Last Agent to Sell the Property

Stephen Cioromski

Troy Realty Ltd License #471022117 Listed on: 03/15/2021

Co-Listed By

Chris Pilafas

Troy Realty Ltd License #475133918

Last Buyer's Agent

Chris Pilafas

Troy Realty Ltd License #475133918

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,657

Year Built

  • Built in 1965

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x125

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Composition Roof
  • Wood Joist

Interior Spaces

  • 3,600 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $498
  • Fuel Expense $2,323
  • Insurance Expense $2,978
  • Trash Expense $1,325
  • Water Sewer Expense $1,678
  • Operating Expense $20,459
  • Gross Income $65,460
  • Net Operating Income $45,841

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,657

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Drive-In Doors: 6
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Wood Joists

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Gas,Radiators
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1325
  • Water Sewer Expenses: 1678

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6250
  • Zoning: MULTI
  • Alternate Phone Number: (773) 792-3000

Rental Info

  • Tenant Pays: Electricity, Varies by Tenant
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 3600

Multi Family

  • Net Operating Income: 45841
  • Fuel Expense: 2323
  • Insurance Expense: 2978
  • ElectricExpense: 498
  • GrossIncome: 65460
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 20459
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 11657
  • Tax Year: 2019
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/01/2021 07/01/21 Sold $605,000 -6.8% $168 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $649,000 -- $180 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $13,657 $71,960 $5,625 $66,335
2024 $13,657 $51,800 $5,000 $46,800
2023 $13,329 $51,800 $5,000 $46,800
2022 $13,329 $51,800 $5,000 $46,800
2021 $11,584 $37,684 $4,062 $33,622
2020 $11,388 $37,684 $4,062 $33,622
2019 $11,657 $43,316 $4,062 $39,254
2018 $10,247 $34,265 $3,593 $30,672
2017 $10,066 $34,265 $3,593 $30,672
2016 $9,522 $34,265 $3,593 $30,672
2015 $9,651 $31,925 $3,125 $28,800
2014 $9,448 $31,925 $3,125 $28,800
2013 $9,213 $31,925 $3,125 $28,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11021679

Midwest Real Estate Data (MRED)