Closed

$1,015,000

Favorite

9,607

square ft

897 Graceland Avenue

Des Plaines, Illinois 60016

Closed / MLS #9578709 / Multiple Family / Des Plaines

Listing information updated 5/16/2019 at 9:43am

The subject property consists of a 9,607 SF land parcel that is improved with a three story, ~10,000 SF; cream colored masonry constructed apartment building with a total of 11 units. Subject has 12 surface parking spots on site. Heat is provided by an older steam boiler system. Hot water is provided by a single commercial size (100 gallon) hot water heater. The subject property has a partial basement that contains a laundry room and utility room. The property is currently 90% occupied. Thus far both the boiler and hot water heater need repair. The parking lot is in need of repair as well. The acquisition of the building presents an excellent opportunity for an investor to take advantage of strong rental cash flow and full ownership of all the units in this building. ***BUILDING CAN BE SOLD AS PART OF PACKAGED DEAL WITH A 9 UNIT, 100% OCCUPIED, BUILDING LOCATED AT 1475 ASHLAND AVE, DES PLAINES, IL***

Full Features

Exterior Type:

Brick

Square Feet:

9,607

Acreage:

.22

Built:

1969

Parking Spaces:

Cooling System:

None

Stories:

Roof:

Rubber

Potential Use:

Condominium

Zoning:

MULTI

Building Square Feet:

9,607

Current Net Income:

$71,889

Unit 1:

4 room(s) / 1 bed(s) / 1 bath(s)

Unit 2:

5 room(s) / 2 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$14,711

Tax Year:

N/A

Location

Zip Code:

60016

City:

Des Plaines

County:

Cook

Listing Office: Chicago Real Estate Resources

Listing Office Phone: 773.327.9300

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 5/16/2019 at 9:43am. 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.

Des Plaines, IL

There are no strangers in Des Plaines, at least not for long. The city prides itself on being a friendly and welcoming place for newcomers as well as lifelong residents. Located about 17 miles northwest of Chicago, near O’Hare International Airport, the city has a mix of residential, commercial, a...

Learn More

Metra

Union Pacific Northwest line at Des Plaines Metra

$307,519

Average Sale Price

Average Days On The Market

100%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

New Listings in Des Plaines, IL

Recently Sold Homes in Des Plaines, IL

Popular Neighborhoods near Des Plaines, IL

897 Graceland Avenue is a multiple family which sold for $1,015,000. This multiple family has been listed on @properties since March 29th, 2017 and was built in 1969. The nearest transit stops include Des Plaines Metra Metra Union Pacific Northwest line.