NOT LISTED FOR SALE

516 S 5th Ave Des Plaines, IL 60016

Estimated Value: $342,000 - $430,000

3 Beds
2 Baths
1,568 Sq Ft
$251/Sq Ft Est. Value

Last Sold March 14, 2023

Last sale price $240,000 $153 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,715/month

78 Days on Market

Highlights

  • Wood Flooring
  • Living Room
  • Dining Room
  • Terrace Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • Heating System Uses Steam

About This Home

As of March 2023

Huge Opportunity for Investors & Savvy Homebuyers! Perfect rehab project with potential. Great promise to be a refined modern style house. Re-make it into your own home or flip it. Sold "As-Is".

Last Agent to Sell the Property

Ursula Foley

Foley Properties Inc License #471018085 Listed on: 11/02/2022

Foley Properties Inc

Co-Listed By

James Foley

Foley Properties Inc License #475171905

Last Buyer's Agent

Damaris Bran

Nelly Corp Realty License #475197764

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,832

Year Built

  • Built in 1945

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 50x299

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,568 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,832

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1945
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors
  • LivingArea: 1568
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Frame

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, Fuses
  • Heating: Natural Gas, Forced Air, Steam
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Lot Size Acres: 0.3432
  • Lot Dimensions: 50X299
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

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

Tax Info

  • Tax Annual Amount: 8832.19
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2022
Closed on
Feb 14, 2023
Sold by
Cascade Funding Mortgage Frust Hb4
Bought by
Penate Walter
Seller's Agent
Ursula Foley
Foley Properties Inc
Buyer's Agent
Damaris Bran
Nelly Corp Realty
List Price
$240,000
Sold Price
$240,000
Views
374
Current Estimated Value
$393,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,038
Avg. Annual Appreciation
18.97%
Original Mortgage
$228,000
Outstanding Balance
$219,611
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$173,427

Purchase Details

Closed on
Nov 15, 2022
Sold by
Judicial Sales Corporation
Bought by
Cascade Funding Mortgage Trust Hb4
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Penate Walter $240,000 None Listed On Document
Cascade Funding Mortgage Trust Hb4 -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penate Walter $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2023 03/14/23 Sold $240,000 +5.3% $153 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
12/06/2022 12/06/22 Price Changed $228,000 -5.0% $145 / Sq Ft
11/02/2022 11/02/22 For Sale $240,000 -- $153 / Sq Ft
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 $7,909 $37,000 $13,455 $23,545
2024 $7,909 $30,001 $11,213 $18,788
2023 $7,719 $30,001 $11,213 $18,788
2022 $7,719 $30,001 $11,213 $18,788
2021 $8,984 $29,227 $8,970 $20,257
2020 $8,832 $29,227 $8,970 $20,257
2019 $0 $32,475 $8,970 $23,505
2018 $0 $26,119 $7,848 $18,271
2017 $0 $26,119 $7,848 $18,271
2016 $6,068 $26,119 $7,848 $18,271
2015 $0 $17,710 $6,727 $10,983
2014 $3,194 $17,710 $6,727 $10,983
2013 $3,189 $17,710 $6,727 $10,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11665803

Midwest Real Estate Data (MRED)

APN: 09-18-403-033-0000