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1376 Brown Street

Des Plaines, IL 60016
  • $2,400,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 11785730
UPDATED: 34 min ago
$2,400,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1958
County:
Area:

School Ratings & Info

Description

Irreplaceable downtown Des Plaines location. Turn-key and easy to manage 16-unit apartment building with all one-bedroom units. Property is in mint condition and features 4 fully renovated units and 6 partially renovated units. Newer boiler and hot water heater. The roof is pitched with shingles and tenants have on-site storage lockers and laundry in the basement. There is ample parking with 16 parking spaces in the lot. The property is a few blocks from the Des Plaines Metra Station and tons of local shops and restaurants in downtown Des Plaines. Seller requests 48 hours' notice and proof of funding / pre-qualification letter from bank before setting appointment

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1376 Brown Street Des Plaines, IL 60016

  • Price: $2,400,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 34 min ago
  • MLS #: 11785730
0
Beds
0
Baths
0
½ Baths
0.36
Acres
1958
Built
Neighborhood:
Des Plaines
County:
Cook
Area:
Des Plaines
Property Description
Irreplaceable downtown Des Plaines location. Turn-key and easy to manage 16-unit apartment building with all one-bedroom units. Property is in mint condition and features 4 fully renovated units and 6 partially renovated units. Newer boiler and hot water heater. The roof is pitched with shingles and tenants have on-site storage lockers and laundry in the basement. There is ample parking with 16 parking spaces in the lot. The property is a few blocks from the Des Plaines Metra Station and tons of local shops and restaurants in downtown Des Plaines. Seller requests 48 hours' notice and proof of funding / pre-qualification letter from bank before setting appointment
Exterior Features

Parking Total 16

Interior Features

Heat Ventilation Gas Number Of Dishwashers 10 Number Of Dryers 2 Number Of Ranges 16 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Gross Income 227100 Gross Scheduled Income 227100 Insurance Expense 3184 Maintenance Expense 4000 Mls Actual Status Active Net Operating Income 189834 Operating Expense 37266 Tax Annual Amount 26955 Tax Year 2021 Tenant Pays Electricity Total Monthly Income 18925 Type Multi Family 5+

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Forte Properties, Inc.: 708-315-7310.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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