NOT LISTED FOR SALE

9656 Golf Terrace Des Plaines, IL 60016

-- Bed
-- Bath
4,928 Sq Ft
5,723 Sq Ft Lot Lot

Sale Details

Date Sold: July 1, 2025

Last sale price $800,000 $162 Per Sq Ft

6 Days on Market

About This Home

As of July 2025

Investment Opportunity: Six-Unit Multi-Family Building perfect for investors seeking a lucrative opportunity. The property features three spacious two-bedroom apartments and three comfortable one-bedroom units. The building includes a convenient coin-operated laundry in the basement, offering additional income potential. With 11 assigned parking spaces, residents will appreciate the ease of parking. The current rent rates are below market value due to long-term, reliable tenants, presenting an opportunity for increased cash flow. This well-located property offers easy access to the expressway, making it an attractive option for commuters. Enhancing the property's curb appeal is a charming fence surrounding the front yard, providing a sense of privacy and security for residents. Additionally, an association-monitored system ensures a safe and well-maintained living environment, adding value and peace of mind. This investment opportunity is being sold as-is. Act quickly to secure this exceptional property and capitalize on its promising income-generating capabilities!

Last Agent to Sell the Property

Monika Sipiora

HomeSmart Connect LLC License #475164971 Listed on: 06/05/2025

HomeSmart Connect LLC

Last Buyer's Agent

Monika Sipiora

HomeSmart Connect LLC License #475164971 Listed on: 06/05/2025

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,246

Year Built

  • Built in 1969

Lot Details

  • 5,723 Sq Ft Lot
  • Lot Dimensions are 52x109

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,928 Sq Ft Home
  • 3-Story Property

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include snow removal
  • 6 Units

Building Details

  • Electric Expense $435
  • Fuel Expense $2,305
  • Insurance Expense $3,400
  • Other Expense $1,680
  • Water Sewer Expense $2,685
  • Operating Expense $7,105
  • Gross Income $65,400
  • Net Operating Income $51,175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,246

Year Built

Built in 1969

Lot Details

5,723 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Baseboard

Condo/Co-op/Association

  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Snow Removal, Other
  • Water Sewer Expenses: 2685
  • Operating Expense Includes: Trash

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 52X109
  • Lot Size Sq Ft: 5723
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Sidewalks,Other

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 4928
  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 51175
  • Fuel Expense: 2305
  • Insurance Expense: 3400
  • ElectricExpense: 435
  • GrossIncome: 65400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 7105
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 13246
  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2025 07/01/25 Sold $800,000 +6.7% $162 / Sq Ft
06/11/2025 06/11/25 Pending -- -- --
06/05/2025 06/05/25 For Sale $750,000 -- $152 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $13,246 $76,000 $4,578 $71,422
2024 $13,246 $52,902 $3,720 $49,182
2023 $13,022 $54,577 $3,720 $50,857
2022 $13,022 $56,450 $3,720 $52,730
2021 $11,967 $43,373 $5,723 $37,650
2020 $12,220 $44,937 $5,723 $39,214
2019 $12,380 $51,652 $5,723 $45,929
2018 $11,142 $41,721 $5,007 $36,714
2017 $10,973 $41,721 $5,007 $36,714
2016 $12,133 $47,881 $5,007 $42,874
2015 $11,027 $40,390 $4,292 $36,098
2014 $10,666 $40,390 $4,292 $36,098
2013 $10,468 $40,390 $4,292 $36,098
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12384858

Midwest Real Estate Data (MRED)
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