440 North 3rd Avenue

Des Plaines, IL 60016

$538,500
Price
7
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Attention investors! Here's your opportunity to own an income-producing property. This four-unit building features comfortable living spaces with three 2-bedroom units and one 1-bedroom, each with 1 full bath. All units are occupied with long-term tenants on month-to-month leases. Each unit has hardwood floors. Exterior windows have been replaced with double-pane vinyl sliders. Laundry room has coin-operated washer and dryer for extra income. Exterior parking for 8 vehicles. Conveniently located...Attention investors! Here's your opportunity to own an income-producing property. This four-unit building features comfortable living spaces with three 2-bedroom units and one 1-bedroom, each with 1 full bath. All units are occupied with long-term tenants on month-to-month leases. Each unit has hardwood floors. Exterior windows have been replaced with double-pane vinyl sliders. Laundry room has coin-operated washer and dryer for extra income. Exterior parking for 8 vehicles. Conveniently located near Golf and Rand roads, this property is close to O'Hare-area shopping, dining and hospitals. Easy access to Pace bus, expressways and Oakton Community College. Invest with confidence! With stable tenants already in place, this property offers excellent ROI possibilities.
  1. Listed by Carol August • @properties Christie's International Real Estate
  2. Listed by Stephen August • @properties Christie's International Real Estate

Property Details for 440 North 3rd Avenue

Area
Des Plaines
Township
Maine
Ownership
Fee Simple
Num Of Parking Spaces
8.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Baseboard

Location

Listing Courtesy of @properties Christie's International Real Estate
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LISTING UPDATED: 04/24/2024 08:36 PM

Property Details for 440 North 3rd Avenue

StatusContingent
MLS #12032431
Days on Market3
Taxes$13,380 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1965
Lot Size0.26 AC / 11,280 SF
CountyCook County

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute

Building Information for 440 North 3rd Avenue

Stories-Residences4Year Built1965Building Size-Lot Size0.26 AC / 11,280 SF

Payment Calculator

$4,054 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,939

Property Taxes

$1,115

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 440 North 3rd Avenue

General Information
School Information
  • Elementary School District: 62
  • Elementary School: Cumberland Elementary School
  • Jr High Middle School: Chippewa Middle School
  • High School District: 207
  • High School: Maine West High School
  • Middle Or Junior School District: 62
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 8.0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 7
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Room Type: Utility Room-1st Floor
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 11,280 SQ. FT.
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-04-18T14:19:53
  • Photos Count: 21
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Other Addl Income: Coin Laundry
Unit 1
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM
Unit 4
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MTM

Property History for 440 North 3rd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 440 North 3rd Avenue

Taxable ValueLand$9,588Additions$42,412Total$52,000
Tax Record2022$13,380 ($1,115 / month)
Home Facts
Baths5Total Finished SqFt3,392 SqFtAbove Grade Finished SqFt3,392 SqFtStories2Lot Size11,280 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyCOOKAPN09-08-103-004

Schools near 440 North 3rd Avenue

This home is within Community Consolidated School District 62.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cumberland Elementary School
PublicK to 5

Chippewa Middle School
Public6 to 8

Maine West High School
Public9 to 12

Ralph J Frost Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 04/24/2024 08:36 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.