Seller's Agent in 2023
Frank Genualdi
Coldwell Banker Realty
(847) 530-0336
3 in this area
23 Total Sales
1644 Elk Blvd Des Plaines, IL 60016
Estimated Value: $461,000 - $644,000
0.48
Acre
$1,148,165
Price per Acre
20,909
Sq Ft Lot
Highlights
- 0.48 Acre Lot
- Maine West High School Rated A-
- Central Air
About This Lot
As of February 2023SIMILAR TO A 3-FLAT BUT WITH AN OFFICE SUITE, WITH A GREAT PRICE ADJUSTMENT. AN OPPORTUNITY DOESN'T COME BY LIKE THIS TOO OFTEN FOR AN OWNER TO USE OR INVESTOR OR DEVELOPER FOR THIS HALF ACRE THIS CLOSE TO DOWNTOWN DES PLAINES.***BEST USE IS THE WAY THE BUILDING IS NOW. 5 MINUTES TO TRAIN, SHOP & SAVE, 294, LIBRARY, SHOPS, RESTAURANTS, NORTH ELEMENTARY, THE RENOVATED DES PLAINES THEATRE AS WELL AS LUTHERAN GENERAL AND HOLY FAMILY HOSPITALS, 10 MINUTES TO O'HARE. BRICK MIXED USE BUILDING APROX. 4000 SQ FT WITH 3 ROOM OFFICE SUITE ON 1ST FLOOR, AS WELL AS A 1 BR APT ON 1ST FLOOR WHICH HAS JUST BEEN RENTED WITH A 1 YEAR LEASE. 2ND FLOOR HAS 2 APARTMENTS WITH WITH A 2BR (2W) AND THE OTHER A 1 BR (2E) BOTH OCCUPIED ON A MONTH TO MONTH BASIS RENTS ARE BELOW MARKET. ONE CAR ATTACHED GARAGE AND ELEVEN OUTDOOR SPOTS. LARGE SIDE YARD FOR GARDENING OR YOUR ENJOYMENT. LOT IS APROX 22,335 SQ FT (.51 ACRE) . ZONED C-3 (GENERAL COMMERCIAL DISTRICT). SEPERATE FURNACES & UTILITIES (1ST FLOOR IS COMMON). 3 CIRCUIT BREAKER BOXES & 1ST FLOOR LAUNDRY ROOM. THE FRONTAGE ON ELK BLVD IS 212.73 WITH GREAT DRIVE BY TRAFFIC. THE C-3 ZONING ALLOWS MANY USES SUCH AS STORES, MEDICAL & CLINICS, VETENARIAN CENTER, INSURANCE OFFICE ETC. ALSO, OTHER USAGE PERMITTED SUBJECT TO A CONDITIONAL USE PERMIT APPROVED BY THE CITY. CURRENT OWNER STILL USES THE OFFICE AND WILL VACATE AFTER CLOSING...DO NOT VIEW WITHOUT AN APPOINTMENT.***SEE AGENT REMARKS***
Last Agent to Sell the Property
Coldwell Banker Realty License #475092263 Listed on: 08/23/2022
Property Details
Property Type
- Land
Est. Annual Taxes
- $14,095
Lot Details
- 0.48 Acre Lot
- Lot Dimensions are 212.75x123.31x215.60x90.06
- Property is zoned COMMR
Home Design
- Mixed Use
Schools
- North Elementary School
- Chippewa Middle School
- Maine West High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Electricity To Lot Line
- Gas Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2022
Closed on
Feb 1, 2023
Sold by
Blonn Richard C and Blonn Nancy T
Bought by
Shiba Ninos
Seller's Agent
Frank Genualdi
Coldwell Banker Realty
Buyer's Agent
Ninos Shiba
Fathom Realty IL LLC
List Price
$599,900
Sold Price
$425,000
Premium/Discount to List
-$174,900
-29.15%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,119
Avg. Annual Appreciation
9.99%
Purchase Details
Closed on
Jan 14, 1997
Sold by
Divitio Benjamin A
Bought by
Blonn Richard C and Blonn Nancy T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.73%
Mortgage Type
Commercial
Purchase Details
Closed on
May 16, 1995
Sold by
Divito Benjamin A
Bought by
Divito Benjamin A
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shiba Ninos | $425,000 | None Listed On Document | |
| Blonn Richard C | -- | -- | |
| Blonn Richard C | $150,000 | -- | |
| Divito Benjamin A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Blonn Richard C | $190,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/03/2023 02/03/23 | Sold | $425,000 | -19.4% | $215 / Sq Ft |
| 12/17/2022 12/17/22 | Pending | -- | -- | -- |
| 10/31/2022 10/31/22 | Price Changed | $527,500 | -12.1% | $267 / Sq Ft |
| 08/23/2022 08/23/22 | For Sale | $599,900 | -- | $304 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $11,074 | $42,000 | $17,040 | $24,960 |
| 2023 | $10,807 | $42,000 | $17,040 | $24,960 |
| 2022 | $10,807 | $42,000 | $17,040 | $24,960 |
| 2021 | $14,095 | $45,855 | $13,845 | $32,010 |
| 2020 | $13,857 | $45,855 | $13,845 | $32,010 |
| 2019 | $14,184 | $52,707 | $13,845 | $38,862 |
| 2018 | $15,091 | $50,461 | $12,247 | $38,214 |
| 2017 | $14,825 | $50,461 | $12,247 | $38,214 |
| 2016 | $14,022 | $50,461 | $12,247 | $38,214 |
| 2015 | $14,267 | $47,193 | $10,650 | $36,543 |
| 2014 | $13,966 | $47,193 | $10,650 | $36,543 |
| 2013 | $12,459 | $43,173 | $10,650 | $32,523 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Genualdi
-
John Cozzone
Seller Co-Listing Agent in 2023
John Cozzone
Coldwell Banker Realty
(773) 631-8300
2 in this area
15 Total Sales
-
Ninos Shiba
N
Buyer's Agent in 2023
Ninos Shiba
Fathom Realty IL LLC
(847) 409-0967
2 in this area
11 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11611265
APN: 09-16-300-096-0000
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