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748 E 5th Court

Des Plaines, IL 60016
  • $900,000
  • STATUS: Active Under Contract
  • ON SITE: 62 Days
  • MLS #: 11480261
Under Contract
UPDATED: 29 min ago
$900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:
Area:

School Ratings & Info

Description

MULTIPLE OFFERS RECEIVED. SUBMIT YOUR HIGHEST AND BEST! Incredible opportunity to own this Class B+ brick 8-flat in revered Des Plaines, IL. The property is located on a secluded, tree-lined street with 8 private parking spaces and ample street parking. The building consists of 7 one-beds and 1 two-bed units all in good condition. Newer mechanical units and a coin operated laundry in the basement. Current rents are strong but are still below market, allowing for the investor to increase the value of the property with simple rent increases. Exterior entrances mean minimal common area expenses. Fantastic stable investment in a rock solid neighborhood just minutes from downtown Chicago. Property boasts a pro forma 10%+ CAP Rate.

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© 2022 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 @properties. Based on information submitted to the MRED as of 2022-10-03T11:00:35.76 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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748 E 5th Court Des Plaines, IL 60016

  • Price: $900,000
  • Status: Active Under Contract
  • On Site: 62 Days
  • Updated: 29 min ago
  • MLS #: 11480261
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Des Plaines
County:
Cook
Area:
Des Plaines
Property Description
MULTIPLE OFFERS RECEIVED. SUBMIT YOUR HIGHEST AND BEST! Incredible opportunity to own this Class B+ brick 8-flat in revered Des Plaines, IL. The property is located on a secluded, tree-lined street with 8 private parking spaces and ample street parking. The building consists of 7 one-beds and 1 two-bed units all in good condition. Newer mechanical units and a coin operated laundry in the basement. Current rents are strong but are still below market, allowing for the investor to increase the value of the property with simple rent increases. Exterior entrances mean minimal common area expenses. Fantastic stable investment in a rock solid neighborhood just minutes from downtown Chicago. Property boasts a pro forma 10%+ CAP Rate.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Parking Total 6 Roof Membrane Roof Structure Flat

Interior Features

Cooling Window Unit(S) Heat Ventilation Electric

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN Yes Contingency Financing Continue To Show Yes Current Use Multi-Family Electric Circuit Breakers Gross Income 88780 Gross Scheduled Income 88780 Insurance Expense 2600 Maintenance Expense 0 Mls Actual Status Contingent Net Operating Income 59342 Operating Expense 29388 Ownership Types Corporation Tax Annual Amount 18678 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 7398 Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Chase Real Estate Llc: 847-744-5003.


© 2022 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 @properties. Based on information submitted to the MRED as of 2022-10-03T11:00:35.76 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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