NOT LISTED FOR SALE

398 N 3rd Ave Des Plaines, IL 60016

7 Beds
4 Baths
-- Sq Ft
1965 Built

Last Sold May 29, 2020

Last sale price $429,900

37 Days on Market

Highlights

  • 4 Car Detached Garage
  • Cumberland Elementary School Rated A
  • Baseboard Heating

About This Home

As of May 2020

THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY! WELL MAINTAINED BRICK 4 FLAT WITH 4 CAR GARAGE & 5 PARKING SPACES! 3 UNITS ARE 2 BED/1 BATH AND 1 UNIT 1 BED/1 BATH. THERE IS A 4 CAR GARAGE LEASED FOR ADDITIONAL INCOME AND COIN WASHER & DRYER. 10 YEAR OLD ARCHITECTURAL ROOF SHINGLES. FULLY OCCUPIED, LONG TERM TENANTS M/M. VERY MANAGEABLE AND PROFITABLE BUILDING! TAKE ADVANTAGE OF TODAY'S LOW INTEREST RATES AND SECURE AN EXCELLENT INVESTMENT!

Last Agent to Sell the Property

George Metinidis

HomeSmart Connect LLC License #475122679 Listed on: 03/18/2020

HomeSmart Connect LLC

Last Buyer's Agent

Enrique Aguilar

RE/MAX Horizon License #475138061

RE/MAX Horizon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,814

Year Built

  • Built in 1965

Parking

  • 4 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Crawl Space

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $48,600
  • Net Operating Income $28,258

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,814

Year Built

Built in 1965

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • 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
  • 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
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 9
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Lot Info

  • Lot Dimensions: 11280
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 28258
  • GrossIncome: 48600
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10814.21
  • Tax Year: 2018
  • Tax Exemptions: None
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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
05/29/2020 05/29/20 Sold $429,900 0.0% --
04/24/2020 04/24/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $429,900 0.0% --
03/23/2020 03/23/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $429,900 -- --
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 $59,000 $11,280 $47,720
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 $10,289 $33,472 $7,896 $25,576
2020 $10,276 $34,004 $7,896 $26,108
2019 $10,519 $39,086 $7,896 $31,190
2018 $10,814 $36,160 $6,768 $29,392
2017 $10,623 $36,160 $6,768 $29,392
2016 $10,048 $36,160 $6,768 $29,392
2015 $9,344 $30,908 $5,922 $24,986
2014 $9,147 $30,908 $5,922 $24,986
2013 $8,919 $30,908 $5,922 $24,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10670628

Midwest Real Estate Data (MRED)
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