Seller's Agent in 2023
George Kokkonas
33 Realty
(630) 362-1941
1 in this area
10 Total Sales
459 Oak St Des Plaines, IL 60016
Estimated Value: $216,840 - $513,000
10
Beds
10
Baths
635
Sq Ft
$503/Sq Ft
Est. Value
About This Home
As of February 2023Rare opportunity to invest in a completely renovated and fully occupied 8 units in a terrific Des Plaines location and assume a low 4.630% interst rate! Gutted to the studs in 2018, 459-465 Oak St received over $400,000 in unit and building systems improvements, including NEW KITCHENS, NEW BATHROOMS, NEW ENGINEERED HARDWOOD FLOORING & INSTALLATION OF IN-UNIT W/D. Systems improvements include NEW PLUMBING, ELECTRIC, HVAC & WATER HEATERS! The property has ZERO DEFERRED MAINTENANCE and presents a fantastic opportunity for long-term cash flow. All utilities, including water, are individually metered for maximum landlord profitability. Easy access to highways, the train station, Metropolitan Square, and many other dining & entertainment options. DEBT MUST BE ASSUMED outstanding debt is 1,080,000. 25% Down required. It's a 10 yr Note, 30 yr Amort. Annual Interest Rate: 4.630%.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,885
Year Built
- Built in 1956
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 100 x 136
- Additional Parcels
Home Design
- Garden Apartment
- Brick Exterior Construction
- Pitched Roof
- Composition Roof
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Additional Features
- 1-Story Property
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, hot water
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,000
- Insurance Expense $3,000
- Maintenance Expense $2,000
- Other Expense $3,000
- Trash Expense $3,000
- Operating Expense $39,135
- Gross Income $132,360
- Net Operating Income $84,282
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/03/2023 02/03/23 | Sold | $1,365,000 | -8.9% | $2,150 / Sq Ft |
| 01/20/2023 01/20/23 | Pending | -- | -- | -- |
| 07/19/2022 07/19/22 | For Sale | $1,499,000 | -- | $2,361 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $7,086 | $70,001 | $6,143 | $63,858 |
| 2024 | $7,086 | $26,875 | $3,500 | $23,375 |
| 2023 | $6,916 | $26,875 | $3,500 | $23,375 |
| 2022 | $6,916 | $26,875 | $3,500 | $23,375 |
| 2021 | $10,073 | $32,771 | $4,436 | $28,335 |
| 2020 | $9,903 | $32,771 | $4,436 | $28,335 |
| 2019 | $9,799 | $36,411 | $4,436 | $31,975 |
| 2018 | $9,723 | $32,512 | $3,924 | $28,588 |
| 2017 | $9,551 | $32,512 | $3,924 | $28,588 |
| 2016 | $9,726 | $35,000 | $3,924 | $31,076 |
| 2015 | $10,812 | $35,764 | $3,412 | $32,352 |
| 2014 | $10,584 | $35,764 | $3,412 | $32,352 |
| 2013 | $10,320 | $35,764 | $3,412 | $32,352 |
Source: Public Records
Agents Affiliated with this Home
-
George Kokkonas
-
Scott McMahon
Buyer's Agent in 2023
Scott McMahon
Coldwell Banker Real Estate Group
(708) 505-9005
1 in this area
28 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11468733
APN: 09-17-403-052
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