NOT LISTED FOR SALE

420 N 3rd Ave Des Plaines, IL 60016

7 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold July 27, 2021

Last sale price $565,000

6 Days on Market

Highlights

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

About This Home

As of July 2021

Attention Investors!!!! Positive cash flow (over $5000 of monthly gross income) and a great opportunity to own a maintenance free property that will provide years of income. All units are occupied. Impeccably maintained all brick four-unit building in a very convenient and popular off-street location close to shopping, dining, hospitals, and a community college. The building has been almost completely remodeled within the past two years. Units feature: all new bathrooms, two brand new kitchens with quartz countertops, two partially remodeled kitchens, new plank floors in two units, and much, much more. Newer roof, boiler and water heather (all installed in 2016). Landry room and common area have been completely remodeled with new tiles installed on Schluter Ditra (as shown on picture #14), and new higher-grade carpet on the stairs. Oversized 2+ car garage and exterior parking spaces. Extra income from garage, one leased parking space and laundromat. A must see. Act quickly as this opportunity will not last long!

Last Agent to Sell the Property

Andrew Lachowicz

REALTYONE and Associates LLC License #475190014 Listed on: 06/09/2021

REALTYONE and Associates LLC

Last Buyer's Agent

Eva Cuper

EHomes Realty, Ltd License #471006611

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,531

Year Built

  • Built in 1965 | Remodeled in 2020

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 60 x 188

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned
  • Assigned Parking

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Crawl Space

Utilities

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

Community Details

  • 4 Units
  • Gross Income $62,172

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,531

Year Built

Built in 1965 | Remodeled in 2020

Lot Details

0

Parking

2

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: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Crawl,None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Hardwood Floors
  • Room: 4

Exterior Features

  • List Price: 565000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Assigned
  • ParkingTotal: 9.5
  • Garage Details: Garage Door Opener(s)
  • 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
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 62

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 60 X 188
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: None

Multi Family

  • GrossIncome: 62172
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10531.4
  • Tax Year: 2019

Range of Values:

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Sold Price
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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 Change Sq Ft Price
07/27/2021 07/27/21 Sold $565,000 0.0% --
06/16/2021 06/16/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $565,000 +71.2% --
07/31/2015 07/31/15 Sold $330,000 -8.3% --
06/11/2015 06/11/15 Pending -- -- --
05/28/2015 05/28/15 For Sale $360,000 +14.6% --
06/06/2014 06/06/14 Sold $314,000 -1.3% --
05/02/2014 05/02/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $318,000 0.0% --
04/25/2014 04/25/14 Pending -- -- --
04/18/2014 04/18/14 For Sale $318,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Andrew Lachowicz

    REALTYONE and Associates LLC

    (847) 877-8764

    1 in this area

    3 Total Sales

    Andrew Lachowicz
    Section Image
  • Eva Cuper

    Buyer's Agent in 2021

    Eva Cuper

    EHomes Realty, Ltd

    (773) 392-5741

    5 in this area

    71 Total Sales

    Eva Cuper
    Section Image
  • Joseph Licari

    Seller's Agent in 2015

    Joseph Licari

    Keller Williams Success Realty

    (847) 344-1200

    2 in this area

    24 Total Sales

    Joseph Licari
    Section Image

  • I

    Buyer's Agent in 2015

    Izabella Tabor

    EHomes Realty, Ltd

    Section Image
  • Kobra Hall

    Seller's Agent in 2014

    Kobra Hall

    Fulton Grace Realty

    (773) 297-5261

    5 Total Sales

    Kobra Hall
    Section Image
  • John Gall

    Buyer's Agent in 2014

    John Gall

    RCI Preferred Realty

    (773) 220-4421

    1 in this area

    55 Total Sales

    John Gall
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11116304

Midwest Real Estate Data (MRED)
Illinois Cook County Des Plaines 60016

420 N 3rd Ave, Des Plaines, IL

This home is located at 420 N 3rd Ave, Des Plaines, IL 60016 since 09 June 2021. This property was built in 1965. 420 N 3rd Ave is a home located in Cook County with nearby schools including Cumberland Elementary School, Chippewa Middle School, and Maine West High School.

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