Des Plaines, IL 60016 1376 Brown Street

$2,400,000

1376 Brown Street Des Plaines, IL - Image 11376 Brown Street Des Plaines, IL - Image 21376 Brown Street Des Plaines, IL - Image 3
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Presented By: Forte Properties, Inc.
  • MLS# 12340146
  • 04/16/2025
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  • Beds • 1

Home Details

Irreplaceable downtown Des Plaines location. Turn-key and easy to manage 16-unit apartment building with all one-bedroom units. Property is in mint condition and features 4 fully renovated units and 6 partially renovated units. Newer boiler and hot water heater. The roof is pitched with shingles and tenants have on-site storage lockers and laundry in the basement. There is ample parking with 16 parking spaces in the lot. The property is a few blocks from the Des Plaines Metra Station and tons of local shops and restaurants in downtown Des Plaines. Seller requests 48 hours' notice and proof of funding / pre-qualification letter from bank before setting appointment
Presented By: Forte Properties, Inc.

General for 1376 Brown Street

Additional Parcels Y/NNo
CityDes Plaines
ContingencyAttorney/Inspection
CountyCook
DirectionsNorth Side of Brown Street between Graceland Avenue and Laurel Avenue
Electric Expense839
Fuel Expense6759
Gross Income246120
Insurance Expense4675
MLS AreaDes Plaines
Maintenance Expense4000
ModificationTimestamp2025-06-30T17:42:01.557Z
Net Operating Income181903
Number Of Units Total16
Operating Expense64217
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories Count2
Tax Annual Amount31162
Tax Year2023
Tenant PaysElectricity
Trash Expense6163
Water Sewer Expense8218
Year Built1958

Exterior for 1376 Brown Street

BuyerOfficeFax(847) 257-0889
Lot Dimensions15625
Lot Size Acres0.36

Additional Details

Price History

Client Care

Price $2,400,000
MLS#12340146
List Date 04/16/2025
Property Type Contingent
Phone 847.485.2500
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