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Sold on 04/03/2017
Michael Tolliver of Chicago Real Estate Resources
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1475 Ashland Ave, Des Plaines, IL 60016

$1,231,000

Last sold 04/03/2017 for $830K

  • 3

    bed

  • 2

    bath

  • 9,400

    Sqft ($88/Sqft)

Multi-family not for sale
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About 1475 Ashland Ave

Property type Multi-family
Year built 1973
HOA fee $0/month
Lot size 7,500 Sqft
Movoto estimate
Rental estimate
Property description
The subject property consists of a 7,500 SF land parcel that is improved with a three story, ~(Not available) SF; cream colored masonry constructed apartment building with a total of 9 units. Subject has 9 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 100% occupied. Thus far both the boiler and hot water heater need repair. The parking lot is in need of repair as well. *** CAN BE SOLD AS PART OF PACKAGED DEAL WITH 11 UNIT BUILDING LOCATED AT 897 GRACELAND AVE, DES PLAINES, IL ***
Listed by
Listing Agent - Michael Tolliver
Listing Office - Chicago Real Estate Resources
Source: MRED mls logo
MLS#09583349 • last updated 9 years ago
Movoto checked MRED for data 17 minutes ago
Overview
Levels/Style 3
MLS # 9583349
Type Multi Family 5+
Lot Size (SqFt) 7500
Property Tax $ 10584.27
Year Built 1973
Interior
# Of Full Bthrms - Type 2 1
Exterior
# Of Parking Spaces 9
Amenities / Utilities
# Units in Building 9
Location
County Cook
Directions Subject Property Is Located On The South Side Of Ashland Ave Between S. Cora Street And Center Stree
APN 9202090150000
Zoning MULTI
Multifamily Details
Unit 1: Total # of Rooms 4
Unit 2: Total # of Rooms 5
Unit 2: # of Bedrooms 2
Unit 1: # of Bedrooms 1
Tenant Pays Electric
Unit 1: # Full Bath 1
Gross Rental Income 96000
Net Operating Income 57732
Total Annual Expense 33468
Gross Rent Multiplier 10
Total Annual Expense Source Broker Projection
Total Annual Income 96000
$1.23M
Range: $640K-$1.82M
Last 30 days 
Rental est.: $4,015/month
Gross rent multiplier: 17.2
  • Apr 2017
    mls logo MLS # 09583349
  • Apr 12, 2017 Sold
    $830,000
  • Apr 5, 2017 Contingent
    —
  • Apr 2, 2017 Listed
    $950,000
  • Apr 2017
    Public Records
  • Apr 10, 2017 Sold
    $830,000 (-12.6%)
  • Nov 2016
    mls logo MLS # 09254600
  • Nov 1, 2016 Expired
    —
  • Jun 9, 2016 Listed
    $950,000
  • Year Property taxes Tax assessment
  • 2023
    $20,909 +2.5%
    $79,306
  • 2022
    $20,407 +2.8%
    $79,306 +22.76%
  • 2021
    $19,858 +1.7%
    $64,604
  • 2020
    $19,523 +12.3%
    $64,604
  • 2019
    $17,386 +14.7%
    $64,604 +27.41%
  • 2018
    $15,164
    $50,706
  • 1475 Ashland Ave
    $830K
  • —
  • 60016
    $325K +3% y/y
  • Des Plaines
    $359K 0% y/y
No chart available
Statistics calculated by Movoto

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7/10
Central Elementary School
public Grades K-5
Community Consolidated School District 62
5/10
Chippewa Middle School
public Grades 6-8
Community Consolidated School District 62
6/10
Maine West High School
public Grades 9-12
Maine Township Hsd 207 School District
Source: GreatSchools.org © 2026. All rights reserved.

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