NOT LISTED FOR SALE
42 Beds
36 Baths
-- Sq Ft
1990 Built

Sale Details

Date Sold: February 4, 2025

Last sale price $980,000

About This Home

As of February 2025

SOLD BEFORE PROCESSING. Contact broker for more information. INCREDIBLE INVESTMENT OPPORTUNITY IN DES PLAINES. This all brick 6 unit is made up of ALL 2 bedroom units. 5 of 6 units have 2 bathrooms as well. BUILT IN 1990.. 5 (2) bedrooms & (2) bathrooms. 1 (2) bedroom & (1) bathroom. Great location. Great income. Tenant pays electric and heat! All units include balconies!

Last Agent to Sell the Property

Mohammad Salim

Realty One Group Excel License #475206331 Listed on: 12/11/2024

Last Buyer's Agent

Mohammad Fatani

Realty One Group Excel License #475202050

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,404

Year Built

  • Built in 1990

Home Design

  • Brick Exterior Construction

Additional Features

  • 3-Story Property
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,800
  • Fuel Expense $1,000
  • Insurance Expense $3,000
  • Maintenance Expense $2,400
  • Other Expense $4,200
  • Water Sewer Expense $3,600
  • Operating Expense $34,405
  • Gross Income $132,000
  • Net Operating Income $97,595

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,404

Year Built

Built in 1990

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1990
  • Built Before 1978 (Y/N): No
  • Information: 48-Hr Notice Required
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air

Fee Information

  • Water Sewer Expenses: 3600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6660
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 5

Multi Family

  • Net Operating Income: 97595
  • Fuel Expense: 1000
  • Insurance Expense: 3000
  • ElectricExpense: 1800
  • GrossIncome: 132000
  • Maintenance Expense: 2400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 34405
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 18404
  • Tax Year: 2023

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2024
Closed on
Jan 24, 2025
Sold by
Bought by
Seller's Agent
Mohammad Salim
Realty One Group Excel
Buyer's Agent
Mohammad Fatani
Realty One Group Excel
List Price
$1,050,000
Sold Price
$980,000
Premium/Discount to List
-$70,000
-6.67%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$738,963
Interest Rate
6.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 21, 2023
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$980,000 Lakeland Title
-- None Listed On Document
-- Affinity Title Services Llc
-- Chicago Title Insurance Co
-- Chicago Title Insurance Co
$520,000 --
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 $750,000
Previous Owner $450,000
Previous Owner $507,500
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Sold $980,000 -6.7% --
02/03/2025 02/03/25 For Sale $1,050,000 +7.1% --
01/30/2025 01/30/25 Off Market $980,000 -- --
12/11/2024 12/11/24 Pending -- -- --
12/11/2024 12/11/24 For Sale $1,050,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax 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.

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 $18,404 $91,000 $2,173 $88,827
2024 $18,404 $69,446 $2,173 $67,273
2023 $17,707 $69,446 $2,173 $67,273
2022 $17,707 $69,446 $2,173 $67,273
2021 $19,100 $62,081 $2,638 $59,443
2020 $18,750 $62,081 $2,638 $59,443
2019 $18,372 $68,979 $2,638 $66,341
2018 $16,990 $56,360 $2,328 $54,032
2017 $16,770 $56,360 $2,328 $54,032
2016 $15,745 $56,360 $2,328 $54,032
2015 $14,910 $49,059 $2,017 $47,042
2014 $14,480 $49,059 $2,017 $47,042
2013 $14,111 $49,059 $2,017 $47,042
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12208542

Midwest Real Estate Data (MRED)

APN: 09-09-401-092-0000

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