Katie Holmes
Keller Williams Success Realty
(224) 802-3626
90 Total Sales
1 in Des Plaines
$720,000 Price
459 Oak St Des Plaines, IL 60016
Des Plaines Area
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%.
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 19, 2022
Closed on
Feb 3, 2023
Sold by
459-465 Oak Llc
Bought by
Seller's Agent
George Kokkonas
33 Realty
Buyer's Agent
Scott McMahon
Coldwell Banker Real Estate Group
List Price
$1,499,000
Sold Price
$1,365,000
Premium/Discount to List
-$134,000
-8.94%
Views
287
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,875
Outstanding Balance
$838,369
Interest Rate
4.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2017
Sold by
Choi Charles Kyu and Choi Sung Sook
Bought by
459 465 Oak Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$873,840
Interest Rate
4.72%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 10, 2011
Sold by
Choi Charles and Choi Sung Sook
Bought by
Choi Charles Hyu and Choi Sung Sook
Purchase Details
Closed on
Mar 13, 2007
Sold by
Feil Elaine M
Bought by
Choi Charles and Choi Sung Sook
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Des Plaines, IL
-
Katie Holmes
-
Mari Van Meter
Mari Van Meter
Berkshire Hathaway HomeServices American Heritage
(630) 895-7516
34 Total Sales
1 in Des Plaines
$337,000 Price
-
Johnson Maliekkal
Johnson Maliekkal
Realta Real Estate
(833) 554-1189
101 Total Sales
8 in Des Plaines
$265K - $1M Price Range
-
Marla Schneider
Marla Schneider
Coldwell Banker Realty
(224) 258-0591
253 Total Sales
3 in Des Plaines
$210K - $295K Price Range
-
Mary Aloisio
Mary Aloisio
@properties Christie's International Real Estate
(773) 365-9681
154 Total Sales
4 in Des Plaines
$285K - $525K Price Range
-
Joan Burny
Joan Burny
@properties Christie's International Real Estate
(224) 271-9502
77 Total Sales
2 in Des Plaines
$304K - $430K Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,367,500 | None Listed On Document | ||
| 459 465 Oak Llc | $716,000 | Chicago Title Insurance Comp | |
| Choi Charles Hyu | -- | None Available | |
| Choi Charles | $831,000 | Attorneys Title Guaranty Fun |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $888,875 | ||
| Previous Owner | 459 465 Oak Llc | $873,840 |
Source: Public Records
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
Seller's Agent in 2023
George Kokkonas
33 Realty
(630) 362-1941
8 Total Sales
-
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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