Des Plaines, IL 60016 1376 Brown Street

$2,400,000

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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
CountyCook
DirectionsNorth Side of Brown Street between Graceland Avenue and Laurel Avenue
Electric Expense839
Fuel Expense6759
Gross Income246120
Insurance Expense4675
MLS AreaDes Plaines
MaintenanceExpense4000
ModificationTimestamp2025-04-22T05:07:29.026Z
Net Operating Income181903
Number Of Units Total16
Operating Expense64217
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount31162
Tax Year2023
Tenant PaysElectricity
Trash Expense6163
Water Sewer Expense8218
Year Built1958

Exterior for 1376 Brown Street

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 Multi-Family
Phone 847.485.2500
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