Corcoran Urban Real Estate
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23 Properties Within 0.5 miles of: 459 Oak, Des Plaines

459 Oak
Des Plaines, IL 60016

  • Built In 1956
Price

$1,499,000

Est Payment
$9,072 / month (details)  
Taxes
$19,885  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
100 X 136  
Built
1956  
Neighborhood
Des Plaines  
MLS
#11468733
Status
Active (71 days)

Property Description

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%.

Property Map

Property Details

Utilities

  • Heating
  • Cooling Central Air
  • Water
  • Sewer

Additional Information

Parking
5 Parking Spaces

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

07-19-2022 Listed at $1,499,000
Last Modified 9/21/22 9:19 AM

Nearby Transportation

  • Union Pacific Northwest 0.3 mi
  • I 294 South 0.9 mi
  • I 294 North 1.1 mi
  • I 90 East 2.8 mi
  • I 90 West 2.9 mi
  • Hwy 12 3.5 mi
  • Hwy 45 3.5 mi
  • I 190 West 4.3 mi
  • I 190 East 4.4 mi
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