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2231 East Oakton Street

2231 East Oakton Street, Arlington Heights, IL 60005
Property in Elk Grove
1 Units For Sale
Unit for sale at 2231 E OAKTON Street, Arlington Heights, IL 60005

$899,900

  • Commercial
  • 7,363 ft²
2231 E OAKTON Street, Arlington Heights, IL 60005 Listing by Frank Cincotta

2231 East Oakton Street in Arlington Heights, IL was first built in 1970 and is 54 years old. This has been categorized as a industrial property type. For those interested in architecture, the building on the property was built in a unknown style. 2231 East Oakton Street has 6,250 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 16,625 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2231 East Oakton Street was last sold in Jun 26, 2008 for $500,000. According to our calculations, that's $80.00 per sqft. Current property owners are expected to pay $29,764 in taxes per year. The property on 2231 East Oakton Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $119,429. To break that down further, the land itself was valued at $35,328. While improvements to the property were assessed at a total of $84,101. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20231004
10/04/2023
Loft
-
7363 ft²
$999,900
bedrooms
Loft
bathrooms
-
square feet
7363 ft²
-
-
-
Frank Cincotta
RE/MAX Suburban

Building Info

Overview

    General

  • Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 16,625
  • Total Building Area: 6,250
  • Gross Building Area: 6,250
  • Building Area: 6,250
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,250
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Industrial
  • Land Acres: 0.382
  • Standard Land Use Code: Industrial (general)

Ownership

  • Current Owner : ALBAIULIA INC
  • Previous Owner : GALENA STATE BANK & TRUST CO
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805112

Geography

  • District: 16
  • Parcel: 08-26-102-025-0000
  • Meridian: SEC 26 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0221
  • Longitude: -87.9539

    Address

  • Full Address: 2231 E Oakton St
  • Address - House Number: 2231
  • Street Direction: E
  • Address - Street Name: Oakton
  • Address - Suffix Type: St
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C063
  • 4-Digit Zip Code: 4815
  • Zip Code: 60005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,764
  • Tax Rate Code Area: 16026

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $295,000
  • First Open Lien Mortgage Lender: FIRSTSECURE BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Oct 29, 2019
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $295,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 25, 2024

    Market Valuation

  • Market Total Value: $477,716
  • Market Land Value: $141,312
  • Market Improvement Value: $336,404

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,429
  • Assessed Land Value: $35,328
  • Assessed Improvements Value: $84,101

    Sales

  • Current Sale Contract Date: Jun 26, 2008
  • Current Sale Recording Date: Jul 17, 2008
  • Current Sale Transaction ID: 1176440213
  • Current Sale Price: $500,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0819904185

    Last Sale Mortgage

  • First Mortgage Lender: NORTHWEST COMMUNITY BANK
  • First Mortgage Transaction Date: Jul 17, 2008
  • First Mortgage Loan Amount: $408,750
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 01, 2013

    Financing

  • First Mortgage Financing Type: Unknown

About Cook



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2231 East Oakton Street located in?
The 2231 East Oakton Street is a located in the neighborhood of Elk Grove in Cook, Arlington Heights.
How many listings are currently for sale in 2231 East Oakton Street?
There is a listing currently on the market for sale.
What is the average sales price for listings in 2231 East Oakton Street?
The average sales price for units in 2231 East Oakton Street is $899,900 , or $122/sqft. currently.

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