NOT LISTED FOR SALE

1348 E Washington St Des Plaines, IL 60016

Estimated Value: $356,000 - $420,000

6 Beds
3 Baths
1,500 Sq Ft
$259/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2020

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

Est. 45% increase in value since last sale

Current estimated payment $2,742 / mo

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

6,273 Sq Ft Lot

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
$388,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,758
Avg. Annual Appreciation
6.85%
Original Mortgage
$201,750
Outstanding Balance
$181,335
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$207,423

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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

  • James Grady

    Seller's Agent in 2020

    James Grady

    RE/MAX Suburban

    (847) 226-5428

    23 in this area

    48 Total Sales

    James Grady
    Section Image
  • Robert Padron

    Buyer's Agent in 2020

    Robert Padron

    RE/MAX

    (847) 774-1866

    1 in this area

    93 Total Sales

    Robert Padron
    Section Image
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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

Illinois Cook County Des Plaines 60016

1348 E Washington St, Des Plaines, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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