NOT LISTED FOR SALE

388 N 3rd Ave Des Plaines, IL 60016

7 Beds
4 Baths
-- Sq Ft
1964 Built

Last Sold October 25, 2016

Last sale price $355,000

17 Days on Market

Highlights

  • First Floor Utility Room
  • Fenced Yard
  • Paved or Partially Paved Lot
  • Cumberland Elementary School Rated A
  • Heating System Uses Steam

About This Home

As of October 2016

This is a solid, 4-unit building in an excellent area. There are 3, 2-bedroom units and 1, 1-bedroom unit. Each unit needs minor cosmetic repairs. This is a cash flow producing property! It will not last. In each unit: enter into a large LR/DR area just a few steps away from a nicely-sized kitchen. Enjoy a spacious bathroom in each unit too! All bedrooms are spacious with ample closet space. Close to schools, shopping and transportation. A must see. A 10! Show and sell. Use today's low interest rates to secure an excellent investment opportunity!

Last Agent to Sell the Property

Peter Drossos

Peter Drossos Real Estate License #471010251 Listed on: 07/29/2016

Last Buyer's Agent

Alicja Creamer

Access Realtors, INC. License #471010397

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,349

Year Built

  • Built in 1964

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room
  • Crawl Space
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Lot Details

  • Lot Dimensions are 61 x 188
  • Fenced Yard
  • Paved or Partially Paved Lot

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water
  • TV Antenna

Community Details

  • 4 Units
  • 4 Flat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,349

Year Built

Built in 1964

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1964
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: TV Antenna, CO Detectors
  • Room Type: Utility Room-1st Floor
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 61 X 188
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 9348.8
  • Tax Year: 2015
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat
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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
10/25/2016 10/25/16 Sold $355,000 -1.4% --
08/15/2016 08/15/16 Pending -- -- --
07/29/2016 07/29/16 For Sale $360,000 -- --
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 $12,919 $58,000 $11,280 $46,720
2024 $12,919 $49,000 $9,588 $39,412
2023 $12,608 $49,000 $9,588 $39,412
2022 $12,608 $49,000 $9,588 $39,412
2021 $10,436 $33,949 $7,896 $26,053
2020 $10,259 $33,949 $7,896 $26,053
2019 $10,501 $39,022 $7,896 $31,126
2018 $10,122 $33,844 $6,768 $27,076
2017 $9,943 $33,844 $6,768 $27,076
2016 $9,405 $33,844 $6,768 $27,076
2015 $9,349 $30,924 $5,922 $25,002
2014 $9,152 $30,924 $5,922 $25,002
2013 -- $30,924 $5,922 $25,002
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09301126

Midwest Real Estate Data (MRED)
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