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Sold on 04/24/2020
George Metinidis of Homesmart Connect LLC

398 N 3rd Ave, Des Plaines, IL 60016

$429,900

Last sold 04/24/2020 after 37 Days

  • 7

    bed

  • —

    bath

Multi-family not for sale
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About 398 N 3rd Ave

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Parking 4 garage spaces
Property description
This is an excellent investment opportunity! Well maintained brick 4 flat with 4 car garage & 5 parking spaces! 3 units are 2 bed/1 bath and 1 unit 1 bed/1 bath. There is a 4 car garage leased for additional income and coin washer & dryer. 10 year old architectural roof shingles. Fully occupied, long term tenants m/m. Very manageable and profitable building! Take advantage of today's low interest rates and secure an excellent investment!
Listed by
Listing Agent - George Metinidis
Listing Office - Homesmart Connect LLC
Source: MRED mls logo
MLS#10670628 • last updated 6 years ago
Movoto checked MRED for data 18 minutes ago
Overview
Heating Gas, Baseboard, Radiant
MLS # 10670628
Type Two To Four Units
Property Tax $ 10814.21
Year Built 1965
Interior
Basement Crawl, None
Total # of Rooms 15
Exterior
Foundation Concrete Perimeter
Exterior Brick
Roof Asphalt/Glass (Shingles)
Parking Desc Garage, Space/s
# Parking Spaces 9, 5
Garage Desc Detached
Lot Desc .25-.49 Acre
Amenities / Utilities
Sewer/ Septic Desc Sewer-Public
Water Source Lake Michigan
Location
County Cook
High School District 207
Elementary School District 62
Middle School District 62
Directions Rand N Of Golf To Third Ave E To Building
APN 9081030080000
Multifamily Details
Unit 2: Interior Features Stove, Refrigerator, Window Air Conditioner
Unit 3: Interior Features Stove, Refrigerator, Window Air Conditioner
Unit 1: Interior Features Stove, Refrigerator, Window Air Conditioner
Unit 4: Interior Features Stove, Refrigerator, Window Air Conditioner
Unit 4: Tenant Pays Electric
Unit 3: Tenant Pays Electric
Unit 2: Tenant Pays Electric
Unit 1: Tenant Pays Electric
Unit 1: Rent 760
Unit 3: Rent 995
Unit 2: Rent 960
Unit 3: Total # of Rooms 4
Unit 1: Total # of Rooms 3
Unit 4: Total # of Rooms 4
Unit 2: Total # of Rooms 4
Unit 4: Rent 895
Unit 4: # of Bedrooms 2
Unit 3: # of Bedrooms 2
Unit 2: # of Bedrooms 2
Unit 1: # of Bedrooms 1
Gross Rental Income 48600
Net Operating Income 28258
Unit 4: Security Deposit 850
Unit 2: Security Deposit 900
Unit 1: Security Deposit 210
Unit 3: Security Deposit 925
We are not permitted to show value estimates for this property.
  • Jul 2020
    Public Records
  • Jul 23, 2020 Sold
    $430,000
  • Jun 2020
    mls logo MLS # 10670628
  • Jun 3, 2020 Sold
    $429,900
  • Apr 25, 2020 Contingent
    —
  • Apr 16, 2020 Re-Activated
    —
  • Mar 24, 2020 Contingent
    —
  • Mar 18, 2020 Listed
    $429,900
  • Year Property taxes Tax assessment
  • 2023
    $12,919 +2.5%
    $49,000
  • 2022
    $12,608 +22.5%
    $49,000 +46.39%
  • 2021
    $10,289 +0.1%
    $33,472 -1.56%
  • 2020
    $10,276 -2.3%
    $34,004 -13.0%
  • 2019
    $10,519 -2.7%
    $39,086 +8.09%
  • 2018
    $10,814 +1.8%
    $36,160
  • 2017
    $10,623 +5.7%
    $36,160
  • 2016
    $10,048 +7.5%
    $36,160 +16.99%
  • 2015
    $9,344 +2.2%
    $30,908
  • 2014
    $9,147 +2.6%
    —
  • 2013
    $8,919
    —
  • 398 N 3rd Ave
    $429K
  • Des Plains
    $399K 0% y/y
  • 60016
    $324K -4% y/y
  • Des Plaines
    $357K -2% y/y
No chart available
Statistics calculated by Movoto

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8/10
Cumberland 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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