Seller's Agent in 2023
George Kokkonas
33 Realty
(630) 362-1941
8 Total Sales
459 Oak St Des Plaines, IL 60016
10
Beds
10
Baths
635
Sq Ft
0.31
Acre Lot
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
- 13,650 Sq Ft 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
26 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11468733
APN: 09-17-403-052
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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