NOT LISTED FOR SALE

1348 E Washington St Des Plaines, IL 60016

Estimated Value: $393,383

6 Beds
3 Baths
1,500 Sq Ft
$262/Sq Ft Est. Value

Last Sold November 02, 2020

Last sale price $269,000 $179 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,681/month

8 Days on Market

Highlights

  • Heating System Uses Steam
  • Maine West High School Rated A-
  • 3-minute walk to Menominee Park

About This Home

As of November 2020

Opportunity knocking here! Great investment in this vintage 3 flat. Fully occupied and all tenants want to stay, have year leases. Tenants pay electric and cooking gas. Owner pays gas for heating. Just a few blocks to downtown Des Plaines, Metra station, Pace bus station, resturants, library etc. Parking in rear lot off alley for 4 cars. 3 bedroom, 1 bath on top floor; 2 bedroom, 1 bath on main floor; 1 bedroom 1 bath on lower level. Great tenants and a great value.

Last Agent to Sell the Property

James Grady

RE/MAX Suburban License #471004082 Listed on: 09/17/2020

RE/MAX Suburban

Last Buyer's Agent

Robert Padron

Re/Max Cityview License #471012333

Re/Max Cityview

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,677

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50 x 125

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

  • North Elementary School
  • Chippewa Middle School
  • Maine West High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,677

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Partially Finished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Schools

  • Elementary School: North Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Chippewa Middle School

Lot Info

  • Lot Dimensions: 50 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5676.59
  • Tax Year: 2018

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Nov 1, 2020
Sold by
Schuster David and Gene P Schuster Declaration Of
Bought by
Ramos Randy and Sotelo Ramos Denise
Seller's Agent
James Grady
RE/MAX Suburban
Buyer's Agent
Robert Padron
Re/Max Cityview
List Price
$279,000
Sold Price
$269,000
Premium/Discount to List
-$10,000
-3.58%
Current Estimated Value
$393,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,383
Avg. Annual Appreciation
6.44%
Original Mortgage
$201,750
Outstanding Balance
$181,335
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$191,539

Purchase Details

Closed on
Apr 14, 2016
Sold by
Gps Real Estate Investments Llc
Bought by
Schuster Gene P and Gene P Schuster Declaration Of Trust

Purchase Details

Closed on
Mar 4, 2014
Sold by
Schuster Gene P
Bought by
Gps Real Estate Investments Llc Washingt

Purchase Details

Closed on
Jan 16, 2002
Sold by
Schuster Gene P
Bought by
Schuster Gene P and Gene P Schuster Declaration Of Trust
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ramos Randy $269,000 Attorney
Schuster Gene P -- None Available
Gps Real Estate Investments Llc Washingt -- None Available
Schuster Gene P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Randy $201,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2020 11/02/20 Sold $269,000 -3.6% $179 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $279,000 -- $186 / 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 $7,655 $37,875 $5,625 $32,250
2024 $7,655 $29,035 $5,000 $24,035
2023 $7,471 $29,035 $5,000 $24,035
2022 $7,471 $29,035 $5,000 $24,035
2021 $5,729 $18,639 $4,062 $14,577
2020 $5,633 $18,639 $4,062 $14,577
2019 $5,573 $20,710 $4,062 $16,648
2018 $5,677 $18,981 $3,593 $15,388
2017 $5,576 $18,981 $3,593 $15,388
2016 $5,275 $18,981 $3,593 $15,388
2015 $4,913 $16,250 $3,125 $13,125
2014 $5,630 $19,025 $3,125 $15,900
2013 $5,490 $19,025 $3,125 $15,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10860970

Midwest Real Estate Data (MRED)

APN: 09-17-211-016-0000