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Additional details
$1,200,000
Est. payment /mo
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12634779
Year Built 1989
Annual Tax Amount $23,036
Tax Year 2023
Lot Size 0.410 Acres
Lot Dimensions 357 x 181
Property Sub-Type Multi Family 5+
Property Description
Well-maintained 6-unit, fully occupied multifamily building in Des Plaines offering strong, consistent cash flow. The property generates approximately $120,000+ in annual income with an estimated NOI of $84,000/year. All units are tenant-occupied with long-term tenancy ranging from 10-25+ years, providing stability and minimal turnover. Tenants pay all utilities, helping to keep operating expenses low. Additional income is generated through coin-operated laundry. The property includes parking for all units and has seen major system updates, including a new roof that will be installed by mid May, contributing to overall maintenance and longevity. This is an excellent opportunity for investors seeking a stable, income-producing asset in a desirable suburban Chicago location. Property is being sold AS-IS.
Location
State IL
County Cook
Area Des Plaines
Zoning COMMR
Rooms
Basement None
Interior
Cooling Central Air
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick
Others
HOA Fee Include Insurance,Exterior Maintenance,Lawn Care,Snow Removal
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Listed by Marina Camenschi of HomeSmart Connect
Nearby School & Business
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