$260,000
SOLD SEP 8, 2025

555 Graceland Ave Unit 505 Des Plaines, IL 60016

2 Beds
2 Baths
-- Sq Ft
$488/mo HOA Fee

Recently Sold

2% Below List Price

21 Days on Market

Highlights

  • Balcony
  • 5-minute walk to Des Plaines Station
  • Laundry Room
  • Maine West High School Rated A-
  • Resident Manager or Management On Site
  • Ceramic Tile Flooring

About This Home

As of September 2025

Prime downtown Des Plaines location-steps to Metra, shopping, library, Walgreens, and dining! This sun-filled, sprawling 2-bedroom, 2-bathroom condo is nestled in a secure, elevator building and offers a spacious, open layout perfect for everyday living and entertaining. The bright living and dining areas flow seamlessly into a generous eat-in kitchen with abundant cabinetry. Enjoy fresh air and morning coffee on your private balcony with access from both the living room and kitchen. The large primary suite includes an oversized walk-in closet and en-suite bathroom. Brand new furnace (April 2025) and newer central A/C (2023). Thoughtfully designed with a full-size in-unit laundry room and extra cabinetry for storage. Includes one heated garage space plus exterior parking for a second vehicle, and additional dedicated storage locker. Well maintained HOA. Incredible opportunity to call this rarely available high-floor unit home!

Last Agent to Sell the Property

Louis Parrino

@properties Christie's International Real Estate License #475159805 Listed on: 07/18/2025

@properties Christie's International Real Estate

Last Buyer's Agent

Teresa Adameic

HomeSmart Connect LLC License #471014380

HomeSmart Connect LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,706

Year Built

  • Built in 1979

HOA Fees

  • $488 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Included in Price
  • Assigned Parking

Home Design

  • Entry on the 5th floor
  • Brick Exterior Construction

Interior Spaces

  • Family Room
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 33 Units
  • Gary Grunlund Association, Phone Number (888) 278-1701
  • Property managed by CORNERSTONE
  • 6-Story Property

Pet Policy

  • Pets up to 30 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,706

Year Built

Built in 1979

Lot Details

0

HOA Fees

$488 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 5
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1979
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 6
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • List Price: 265000
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage Door Opener, Heated Garage, On Site, Attached, Assigned, Owned, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Washer Hookup
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 488
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: CORNERSTONE
  • Management Contact Name: Gary Grunlund
  • Management Phone: 888-278-1701

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: North Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Chippewa Middle School
  • Middle/Junior School District: 62

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 30

Tax Info

  • Tax Annual Amount: 2706.3
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2018
Closed on
Aug 27, 2018
Sold by
Mazur Marcin R and Bielenda Mazur Malgorzata
Bought by
Hanch Catherine J
Seller's Agent
Sebastian Domino
Savvy Properties Inc
Buyer's Agent
Karen Wright
Coldwell Banker Realty
List Price
$175,900
Sold Price
$169,000
Premium/Discount to List
-$6,900
-3.92%
Total Days on Market
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$160,550
Outstanding Balance
$140,366
Interest Rate
4.62%
Mortgage Type
New Conventional
Estimated Equity
$123,620

Purchase Details

Closed on
Aug 21, 2004
Sold by
Rowe Christopher L and Rowe Paula J
Bought by
Mazur Marcin R and Bielenda Mazur Malgorzata

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 12, 2000
Sold by
Atherton James G and Atherton Florence
Bought by
Powe Christopher L and Powe Paul Aj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,600
Interest Rate
8.25%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $169,000 Altima Title Llc
Warranty Deed $210,500 Atgf Inc
Warranty Deed $144,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $160,550 New Conventional
Previous Owner $68,000 Credit Line Revolving
Previous Owner $18,000 Credit Line Revolving
Previous Owner $168,400 Purchase Money Mortgage
Previous Owner $120,000 Unknown
Previous Owner $115,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Sold $260,000 -1.9% --
08/08/2025 08/08/25 Pending -- -- --
07/18/2025 07/18/25 For Sale $265,000 +56.8% --
08/27/2018 08/27/18 Sold $169,000 -3.9% $147 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
07/04/2018 07/04/18 For Sale $175,900 +4.1% $153 / Sq Ft
07/04/2018 07/04/18 Off Market $169,000 -- --
06/27/2018 06/27/18 Price Changed $175,900 -2.0% $153 / Sq Ft
06/11/2018 06/11/18 For Sale $179,500 -- $156 / 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
2024 $2,706 $16,234 $649 $15,585
2023 $2,593 $16,234 $649 $15,585
2022 $2,593 $16,234 $649 $15,585
2021 $3,187 $13,699 $526 $13,173
2020 $3,202 $13,699 $526 $13,173
2019 $4,108 $15,266 $526 $14,740
2018 $2,298 $11,118 $466 $10,652
2017 $2,275 $11,118 $466 $10,652
2016 $2,396 $11,118 $466 $10,652
2015 $2,489 $10,855 $405 $10,450
2014 $3,679 $15,001 $405 $14,596
2013 $3,570 $15,001 $405 $14,596
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12424464

Midwest Real Estate Data (MRED)

APN: 09-17-409-026-1026