$243,000
●
Condo -
Off Market
722 Graceland Avenue #310
Des Plaines, IL 60016
2 Beds
2 Baths
1,200 Ft²
$249,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
Great Condo in downtown Des Plaines. Walk to train & to
downtown shopping & restaurants. 2 bedroom & 2 bath with 1
car underground garage parking #24 & 1 reserved exterior parking
spot #38. Updated kitchen with S/S appliances, granite
countertops, laminate flooring, undated bathrooms.
Living room & dining room combo with a set of patio doors
leading to your private balcony. Convenient laundry & storage
is located on the same floor as unit. All you pay is
electric, very economical. No investors.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
Condo
Property Taxes
$321
HOA Dues
$285
Year Built
-
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Cap Rate Calculator
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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.
Last updated: 3 years ago (MRED MLS #11896634)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 16, 2023 | Sold | ||
| Sold | |||
| Oct 12, 2023 | Listed by Berkshire Hathaway HomeServices American Heritage | $249,900 | |
| Listed by Berkshire Hathaway HomeServices American Heritage | |||
Property Highlights
Garage
Parking Available
Elevator
Parking Details
Total Number of Parking: 1
Garage Spaces: 1
Garage On-Site: Yes
Garage Type: Attached
Interior Details
Bedrooms: 2
Bathrooms: 2
Full Bathrooms: 2
Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
Rooms: 5
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 41-50 Years
Rebuilt(Y/N): No
Parcel Number: 09174230281042
Property Type: Residential
Year Built: 1976
No Disability Access
Special Conditions: None
Lot Size Dimensions: INTEGRAL
Water Source: Public
Financial Details
Tax Year: 2021
Tax Annual Amount: $3,849
Tax Exemptions: None
Utilities Details
Cooling: Window/Wall Units - 3+
Heating: Natural Gas
Sewer : Public Sewer
Location Details
Township: Maine
Corporate Limits: Des Plaines
Directions: Graceland S of Northwest Hwy, N of Thacker
County or Parish: Cook
Elementary School District: 62
Elementary School: Central Elementary School
Middle Or Junior School District: 62
Middle Or Junior School: Algonquin Middle School
High School District: 207
High School: Maine West High School
Other Details
Association Fee Includes: Heat, Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $285
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Some Photos Virtually Staged (Y/N): No
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 |
|---|---|---|---|---|---|---|---|
|
03/30/2025
|
2 Bed
|
1 Bath
|
1150 ft²
|
$195,000
2 Bed
1 Bath
1150 ft²
|
$207,000
+6.15%
05/09/2025
|
Beverly Karlin, GRI
Coldwell Banker Realty
| |
|
06/12/2024
|
2 Bed
|
1 Bath
|
1200 ft²
|
$240,000
2 Bed
1 Bath
1200 ft²
|
$240,000
08/30/2024
|
Michael Shenfeld
Jameson Sotheby's Intl Realty
| |
|
11/01/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$250,000
2 Bed
2 Bath
1200 ft²
|
$250,000
12/12/2023
|
Vassi Saviano
Berkshire Hathaway HomeServices American Heritage
| |
|
10/12/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$249,900
2 Bed
2 Bath
1200 ft²
|
$243,000
-2.76%
12/05/2023
|
Brian Zilinskas
Berkshire Hathaway HomeServices American Heritage
| |
|
09/10/2023
|
1 Bed
|
1 Bath
|
900 ft²
|
$157,500
1 Bed
1 Bath
900 ft²
|
$145,000
-7.94%
10/26/2023
|
Elizabeth Sciluffo
Brokerocity Inc
| |
|
06/25/2023
|
2 Bed
|
1 Bath
|
1150 ft²
|
$195,000
2 Bed
1 Bath
1150 ft²
|
$206,500
+5.90%
08/16/2023
|
Corinne Neukirch
@properties Christie's International Real Estate
| |
|
09/12/2022
|
2 Bed
|
1 Bath
|
1100 ft²
|
$175,000
2 Bed
1 Bath
1100 ft²
|
$175,000
11/14/2022
|
Rebecca Pajich
Keller Williams Success Realty
| |
|
10/05/2021
|
2 Bed
|
1 Bath
|
1150 ft²
|
$193,000
2 Bed
1 Bath
1150 ft²
|
-
-
|
Carmen Adduci
American Invsco
| |
|
06/13/2021
|
2 Bed
|
1 Bath
|
1100 ft²
|
$169,500
2 Bed
1 Bath
1100 ft²
|
-
-
|
Joseph Marella
Keller Williams Realty Ptnr,LL
| |
|
09/08/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$169,900
2 Bed
2 Bath
1200 ft²
|
$169,900
01/04/2022
|
Ryan Cherney
Circle One Realty
| |
|
06/02/2021
|
2 Bed
|
1 Bath
|
1100 ft²
|
$154,900
2 Bed
1 Bath
1100 ft²
|
$154,000
-0.58%
10/18/2021
|
Kieran Fahy
Fahy Real Estate Inc
| |
|
05/12/2021
|
2 Bed
|
1 Bath
|
1100 ft²
|
$155,000
2 Bed
1 Bath
1100 ft²
|
$145,000
-6.45%
08/19/2021
|
Sharon Lynch
Century 21 Elm, Realtors
| |
|
04/28/2021
|
2 Bed
|
2 Bath
|
1250 ft²
|
$184,900
2 Bed
2 Bath
1250 ft²
|
$185,000
+0.05%
09/02/2021
|
Peggy Cobrin
Coldwell Banker Realty
| |
|
03/19/2021
| |
2 Bed
|
1 Bath
|
-
|
$139,000
2 Bed
1 Bath
|
-
-
|
Millie Shemluck
Engel & Volkers Chicago
|
|
01/28/2021
|
2 Bed
|
2 Bath
|
1350 ft²
|
$169,000
2 Bed
2 Bath
1350 ft²
|
$165,500
-2.07%
04/16/2021
|
AnneMarie Habetler
Keller Williams Realty Ptnr,LL
| |
|
09/02/2020
|
1 Bed
|
1 Bath
|
950 ft²
|
$114,900
1 Bed
1 Bath
950 ft²
|
$112,500
-2.09%
01/14/2021
|
Erich Muellner
| |
|
08/15/2019
|
2 Bed
|
1 Bath
|
1150 ft²
|
$179,900
2 Bed
1 Bath
1150 ft²
|
-
-
|
-
| |
|
06/10/2019
|
1 Bed
|
1 Bath
|
940 ft²
|
$120,000
1 Bed
1 Bath
940 ft²
|
-
-
|
-
| |
|
05/30/2017
|
2 Bed
|
2 Bath
|
1350 ft²
|
$155,000
2 Bed
2 Bath
1350 ft²
|
$152,000
-1.94%
08/24/2017
|
Lisa Nowogurski
Berkshire Hathaway HomeServices Starck Real Estate
| |
|
03/20/2017
|
2 Bed
|
1 Bath
|
-
|
$149,500
2 Bed
1 Bath
|
$136,250
-8.86%
05/12/2017
|
John Forsythe
Coldwell Banker Realty
| |
|
03/01/2017
|
1 Bed
|
1 Bath
|
-
|
$110,000
1 Bed
1 Bath
|
$100,000
-9.09%
07/21/2017
|
Julie McKenzie
McKenzie Management Inc.
| |
|
06/10/2015
|
2 Bed
|
1 Bath
|
1100 ft²
|
$99,500
2 Bed
1 Bath
1100 ft²
|
$100,105
+0.61%
07/29/2015
|
Adam Matuszek
PROSALES REALTY
| |
|
07/17/2012
|
2 Bed
|
2 Bath
|
-
|
$92,500
2 Bed
2 Bath
|
$93,500
+1.08%
06/07/2013
|
Iliana Deltcheva
Top Realty Group, LLC.
| |
|
04/07/2008
|
2 Bed
|
2 Bath
|
1100 ft²
|
$159,000
2 Bed
2 Bath
1100 ft²
|
$159,000
11/20/2008
|
Linda Lee
Century 21 McMullen Real Estate Inc
| |
|
02/26/2007
|
2 Bed
|
1 Bath
|
-
|
$192,000
2 Bed
1 Bath
|
$185,000
-3.65%
04/30/2007
|
Susan Ulett
Baird & Warner
| |
|
12/11/2006
|
2 Bed
|
2 Bath
|
-
|
$194,900
2 Bed
2 Bath
|
$190,000
-2.51%
02/27/2007
|
Laura Ng
Baird & Warner
|
Building Info
About Des Plaines
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Listed by: Brian Zilinskas, Berkshire Hathaway HomeServices American Heritage
Last Updated: 3 years ago
Data Source: MRED, MLS# 11896634
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11896634
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