25
Map
$330,000
●
House -
Off Market
700 Graceland Avenue #708
Des Plaines, IL 60016
2 Beds
2 Baths
1,135 Ft²
$2,533
Est. Monthly
$568
HOA / Fees
About This Property
LIGHT FILLED, SW CORNER, TOP FLOOR PENTHOUSE(7TH FL) 2 BRS, 2 BATH
CONDO WITH 1 GARAGE SPACE, FULL SIZE WASHER & DRYER AND TWO LARGE
BALCONIES. TWO ELEVATORS. THIS UNIT HAS IT ALL. FRESHLY PAINTED. NO
CARPETS(LAMINATED FLOORS). OPEN CONCEPT LIVING SPACE WITH GAS
FIREPLACE. SEPARATE DINING ROOM WITH NEW LIGHT FIXTURE. JUST
REMODELED KITCHEN WITH STYLISH SHAKER WHITE 42" CABINETS, QUARTZ
COUNTERTOPS, SS APPLIANCES AND BREAKFAST BAR. SPACIOUS BEDROOM
SIZES. PRIMARY BEDROOM WITH WALK IN CLOSET AND EN SUITE BATH WITH
BRAND NEW VANITY, MIRROR AND LIGHT. ASSESSMENT FEES INCLUDE HEAT,
GAS, WATER, SCAVENGER SERVICE, AND HEATED GARAGE PARKING. THERE ARE
MANY UNASSIGNED EXTERIOR PARKING AVAILABLE (NUMBERED, BUT
UNASSIGNED UNLESS IT IS MARKED "RESERVED") THIS WELL MANAGED &
MAINTAINED COMPLEX IS LOCATED 2 BLOCKS FROM DOWNTOWN DES PLAINES
AND METRA STATION. CLOSED TO THEATER, LIBRARY & DININGS. ONLY
10 MINUTES 2 O'HARE!
Unit Size
1,135 Ft²
Days on Market
-
Land Size
-
Price per sqft
$282
Property Type
House
Property Taxes
$393
HOA Dues
$568
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Income Per Year
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Property Highlights
Garage
Parking Available
Elevator
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Garage Door Opener, Heated Garage, Garage, Attached, Yes
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Elevator, Storage, Walk-In Closet(s)
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
Flooring Type: Laminate
Laundry Features: Washer Hookup, In Unit, Laundry Closet
Rooms: 5
Has Fireplace
Fireplace Features: Gas Log, Gas Starter
Fireplaces: 1
Basement: None
Exterior Details
Square Footage: 1135
Square Footage Source: $0
Year Built: 1989
Construction Materials: Brick
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Annual Amount: $4,719
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air, Radiant
Sewer : Public Sewer, Storm Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Gas, Insurance, Maintenance Grounds, Snow Removal, Heat, Parking, Exterior Maintenance, Scavenger
HOA/Condo/Coop Amenities: Storage, Elevator in Residence
HOA Fee: $568
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/21/2026
|
2 Bed
|
2 Bath
|
1135 ft²
|
$319,900
2 Bed
2 Bath
1135 ft²
|
$330,000
+3.16%
08/27/2026
|
Julie Sine
Baird & Warner
| |
|
05/19/2026
|
2 Bed
|
2 Bath
|
1140 ft²
|
$270,000
2 Bed
2 Bath
1140 ft²
|
-
-
|
Suzana Karac
Keller Williams ONEChicago
| |
|
05/01/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$319,000
2 Bed
2 Bath
1200 ft²
|
$319,000
06/06/2025
|
Mark Minorczyk, ABR,BPOR,CNC,E-PRO,GRI,MRP,PSA,SFR
Keller Williams ONEChicago
| |
|
10/18/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$289,900
2 Bed
2 Bath
1100 ft²
|
$289,900
11/27/2024
|
Peter Gialamas
Century 21 Langos & Christian
| |
|
03/08/2024
|
2 Bed
|
2 Bath
|
1220 ft²
|
$279,000
2 Bed
2 Bath
1220 ft²
|
$295,000
+5.73%
04/24/2024
|
Krystine Scheib
Compass
| |
|
07/06/2023
|
2 Bed
|
2 Bath
|
1245 ft²
|
$220,000
2 Bed
2 Bath
1245 ft²
|
$235,000
+6.82%
08/10/2023
|
Vincent Dante
Baird & Warner
| |
|
04/09/2022
|
1 Bed
|
1 Bath
|
700 ft²
|
$175,000
1 Bed
1 Bath
700 ft²
|
$185,000
+5.71%
06/02/2022
|
Nicole Hajdu
Dream Town Realty
| |
|
10/08/2021
|
2 Bed
|
2 Bath
|
1100 ft²
|
$204,900
2 Bed
2 Bath
1100 ft²
|
$194,500
-5.08%
03/25/2022
|
Peter Gialamas
Century 21 Langos & Christian
| |
|
07/16/2021
|
2 Bed
|
2 Bath
|
1250 ft²
|
$186,000
2 Bed
2 Bath
1250 ft²
|
$187,000
+0.54%
08/18/2021
|
Ivona Jedeluk
House Quest Inc
| |
|
11/27/2020
|
2 Bed
|
2 Bath
|
1200 ft²
|
$225,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
-
| |
|
03/01/2020
|
2 Bed
|
2 Bath
|
1250 ft²
|
$185,000
2 Bed
2 Bath
1250 ft²
|
-
-
|
-
| |
|
04/03/2019
|
2 Bed
|
2 Bath
|
1135 ft²
|
$182,500
2 Bed
2 Bath
1135 ft²
|
-
-
|
-
| |
|
10/11/2011
|
2 Bed
|
2 Bath
|
1200 ft²
|
$100,000
2 Bed
2 Bath
1200 ft²
|
$75,000
-25.00%
04/19/2013
|
Domenica Koch, CSC
@properties Christie's International Real Estate
| |
|
02/01/2011
|
2 Bed
|
2 Bath
|
1240 ft²
|
$125,000
2 Bed
2 Bath
1240 ft²
|
$119,000
-4.80%
03/14/2011
|
Winfield Cohen
Keller Williams Success Realty
|
Building Info
About Des Plaines
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,150 /mo
- 1 Bed
- 1 Bath
- 1,000 ft²
$3,200 /mo
- 2 Beds
- 2 Baths
- 1,753 ft²
Listed by: Julie Sine, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12708121
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: MRED, MLS# MRD12708121
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