Sold
897 Graceland Avenue
Des Plaines IL, 60016
$1,015,000
$105.65 per sqft
Sold
9,607 sqft
Commercial
Built in 1969
Courtesy of Chicago Real Estate Resources
The subject property consists of a 9,607 SF land parcel that is improved with a three story, ~10,000 SF; cream colored masonry constructed apartment building with a total of 11 units. Subject has 12 surface parking spots on site. Heat is provided by an older steam boiler system. Hot water is provided by a single commercial size (100 gallon) hot water heater. The subject property has a partial basement that contains a laundry room and utility room. The property is currently 90% occupied. Thus far both the boiler and hot water heater need repair. The parking lot is in need of repair as well. The acquisition of the building presents an excellent opportunity for an investor to take advantage of strong rental cash flow and full ownership of all the units in this building. ***BUILDING CAN BE SOLD AS PART OF PACKAGED DEAL WITH A 9 UNIT, 100% OCCUPIED, BUILDING LOCATED AT 1475 ASHLAND AVE, DES PLAINES, IL***
09578709
MLSⓇ ID
March 29, 2017
Listed
February 14, 2024
Updated
Map
897 Graceland Avenue
Des Plaines IL, 60016
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Roof
Rubber
Other Property Details
Area Name
Des Plaines
Taxes
$14,712
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
Cook
Municipality
MAINE
Pool
No
Zoning
MULTI
Buyer Agency Compensation
1.5%
Courtesy of Chicago Real Estate Resources, Michael Tolliver,
Listing Contact: 773-327-9300
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Based on information submitted to the MLS GRID for MRED 2/14/2024. 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.
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Data last updated 6:53 AM UTC, 2/14/2024
