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1667-1675 E Oakton Street Des Plaines, IL 60018 • Commercial - Retail • Active

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Description

5-unit, single level brick neighborhood strip center located on the most vibrant commercial stretch in Des Plaines. Surrounded by historical local businesses and conveniently close to the 294 Highway. Ample street parking for customers and rear parking for the tenants. 4 units rented and 1 rehabbed vacancy for lease (Asking $1,500) or perfect for a building owner / operator. 3 contiguous PINs (09-28-101-004, 005, 006). Monthly income of $6,100 assumes vacant space rents for $1,500. NOI: $46,196. Op-Ex $27,004.08 = Taxes - $19,674.08, Insurance $4,756, Utilities $2,574. 7.1 CAP. NOI presented on self-managed basis. Zoned C-3 General Commercial: retail, office, service, restaurant by-right.

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1970

General Information

County: Cook
Listed By:
@properties Christie's International Real Estate 773-432-0200
MRED MLS
$650,000
Est. $4,255/mo
Active
SQUARE FEET5,000 MLS#12636166
STATUSActive PROPERTY TYPECommercial - Retail
TOUR PROPERTY

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Kelly Tudeen
 (563) 676-0511

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1667-1675 E Oakton Street, Des Plaines, IL 60018.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $650,000$650,000$650,000
Down Payment $130,000$22,750$162,500
Monthly Mortgage Amount $3,160$3,878$4,016
Taxes $905$905$905
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$286$0
Monthly Estimated Total $4,255$5,259$5,111

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