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897 Graceland Avenue

Des Plaines, Illinois 60016


Lena Bondar
847.630.7020

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$1,015,000


Square Footage
9,607
Lena Bondar
847.630.7020
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Property Type
Multiple Family
Neighborhood
Des Plaines


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
First Floor Master Bedroom: No
Fireplace: No
Pool: No
Square Feet: 9,607
Tax Amount: $14,711
Built: 1969
Parking Spaces: 12
Cooling System: None
Stories: 3
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
Taxes: $14,711

Listing Office: Chicago Real Estate Resources

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Des Plaines

Located northwest of downtown Chicago, just north of O'Hare International Airport, The Des Plaines River Valley was first settled by the Potawatomi, Ottawa, and Chippewa Native Americans. The area was initially named the Town of Rand after Socrates Rand, oneā€¦

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Nearby Public Transportation

Metra
Union Pacific Northwest, North Central Service

at Des Plaines Metra (0.41 miles away), O'Hare Transfer






897 Graceland Avenue Des Plaines, Illinois 60016 is a multiple family property, which sold for $1,015,000. Want to learn more about 897 Graceland Avenue Des Plaines, Illinois 60016? Contact an @properties agent to request more info.


© 2017 Midwest Real Estate Data, LLC. All Rights Reserved. The accuracy of all information regardless of source including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.