NOT LISTED FOR SALE

440 N 3rd Ave Des Plaines, IL 60016

7 Beds
4 Baths
-- Sq Ft
1965 Built

Last Sold May 31, 2024

Last sale price $550,000

1 Day on Market

Highlights

  • First Floor Utility Room
  • Cumberland Elementary School Rated A
  • Baseboard Heating

About This Home

As of May 2024

ATTENTION INVESTORS! Here's your opportunity to own an income-producing property. This four-unit building features comfortable living spaces with three 2-bedroom units and one 1-bedroom, each with 1 full bath. All units are occupied with long-term tenants on month-to-month leases. Each unit has hardwood floors. Exterior windows have been replaced with double-pane vinyl sliders. Laundry room has coin-operated washer and dryer for extra income. Exterior parking for 8 vehicles. Conveniently located near Golf and Rand roads, this property is close to O'Hare-area shopping, dining and hospitals. Easy access to Pace bus, expressways and Oakton Community College. Invest with confidence! With stable tenants already in place, this property offers excellent ROI possibilities.

Last Agent to Sell the Property

Carol August

@properties Christie?s International Real Estate License #475143099 Listed on: 04/22/2024

@properties Christie?s International Real Estate

Co-Listed By

Steve August

@properties Christie?s International Real Estate License #475199752

Last Buyer's Agent

Shiraz Syed

Seed Realty LLC License #475183486

Seed Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,380

Year Built

  • Built in 1965

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Cumberland Elementary School
  • Chippewa Middle School
  • Maine West High School

Utilities

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

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,380

Year Built

Built in 1965

Lot Details

0

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,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Room Type: Utility Room-1st Floor
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 8
  • Parking Features: Unassigned
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Elementary School: Cumberland Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Chippewa Middle School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 11,280 SQ. FT.
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 13380
  • Tax Year: 2022

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
05/31/2024 05/31/24 Sold $550,000 +2.1% --
04/24/2024 04/24/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $538,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $13,710 $62,000 $11,280 $50,720
2024 $13,710 $52,000 $9,588 $42,412
2023 $13,380 $52,000 $9,588 $42,412
2022 $13,380 $52,000 $9,588 $42,412
2021 $11,602 $37,745 $7,896 $29,849
2020 $11,406 $37,745 $7,896 $29,849
2019 $11,676 $43,386 $7,896 $35,490
2018 $11,073 $37,026 $6,768 $30,258
2017 $10,878 $37,026 $6,768 $30,258
2016 $10,289 $37,026 $6,768 $30,258
2015 $9,354 $30,942 $5,922 $25,020
2014 $9,157 $30,942 $5,922 $25,020
2013 $8,929 $30,942 $5,922 $25,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12032431

Midwest Real Estate Data (MRED)