Sold

459 Oak Street

Des Plaines IL, 60016

$1,365,000


Sold

Commercial

Built in 1956

Courtesy of 33 Realty

Rare opportunity to invest in a completely renovated and fully occupied 8 units in a terrific Des Plaines location and assume a low 4.630% interst rate! Gutted to the studs in 2018, 459-465 Oak St received over $400,000 in unit and building systems improvements, including NEW KITCHENS, NEW BATHROOMS, NEW ENGINEERED HARDWOOD FLOORING & INSTALLATION OF IN-UNIT W/D. Systems improvements include NEW PLUMBING, ELECTRIC, HVAC & WATER HEATERS! The property has ZERO DEFERRED MAINTENANCE and presents a fantastic opportunity for long-term cash flow. All utilities, including water, are individually metered for maximum landlord profitability. Easy access to highways, the train station, Metropolitan Square, and many other dining & entertainment options. DEBT MUST BE ASSUMED outstanding debt is 1,080,000. 25% Down required. It's a 10 yr Note, 30 yr Amort. Annual Interest Rate: 4.630%.

11468733

MLS ID

July 19, 2022

Listed

March 28, 2024

Updated

Map

459 Oak Street
Des Plaines IL, 60016

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.31 Acres


Roof

Composition

Other Property Details

Area Name

Des Plaines


Taxes

$19,885


Tax Frequency

Annually


Days on Market

155


Garage

No


View

No


County

Cook


Pool

No


Zoning

MULTI


Buyer Agency Compensation

2%-$295

Courtesy of 33 Realty, George Kokkonas,
Listing Contact: 773-327-4975 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Jerfita Team are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:09 AM UTC, 3/28/2024

 

 

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