OFF MARKET

Off Market Jan 2019 for $1.3M

—

•

16 ba

•

10,800

sq ft

175 S River Rd, Des Plaines, IL 60016

About this home

Ideal opportunity for an investor to acquire a 16 unit, California style apartment building, with strong in place rental cash flow and upside value add potential. The building is 100% occupied. The unit mix features all 1 bedroom and 1 bathroom units. Many recent improvements including fully remodeled units with vinyl plank flooring, bathroom upgrades with tile surround, new cabinets, stainless appliances and granite counters. On site laundry (leased 50/50 split) 1 to 1 parking ratio IMPROVEMENTS: New windows (2017) New roof with down spot and scupper box (2018) Gravel parking lot (2017) New stairways (2017) Exterior paint (2017) Exterior LED lighting (2017)

Multi-familyProperty Type

1928Year Built

0.53 acresLot Size

$128Price/Sq.Ft.

32 spacesParking

Listed by Alexander Stoyanov • Goldbay Advisors Inc.

Listed by Jonathan Gil

Bought with Jonathan Gil • Goldbay Advisors Inc.

Redfin checked: a minute ago

•Source:MRED as Distributed by MLS Grid #10136242

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 60016, IL

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.5%

0.1% MoM

Median sale price

$360K

$24K MoM

Avg. days on market

45d

0 days MoM

Recently sold homes

222

4 MoM

New listings for sale

REDFIN OPEN SUN, 11AM TO 1PM
$929,000
5 beds4.5 baths4,136 sq ft
136 Oakwood Ave, Des Plaines, IL 60016
NEW
$349,900
2 beds1 bath1,003 sq ft
1091 E Villa Dr, Des Plaines, IL 60016
NEW
$450,000
3 beds2.5 baths1,734 sq ft
69 Nicholas Dr W, Des Plaines, IL 60016
NEW 22 HRS AGO
$210,000
— beds— baths— sq ft
290 Woodbridge Rd, Des Plaines, IL 60016
$419,900
2 beds2.5 baths1,971 sq ft
318 Laurel Ave, Des Plaines, IL 60016
EARLY ACCESS
$455,000
3 beds3 baths— sq ft
134 N 8th Ave, Des Plaines, IL 60016
$339,000
2 beds2 baths1,400 sq ft
183 Grove Ave Unit C, Des Plaines, IL 60016
$229,900
2 beds2 baths1,200 sq ft
9374 Landings Ln #201, Des Plaines, IL 60016
OPEN SAT, 1PM TO 3PM
$275,000
2 beds2 baths1,200 sq ft
1302 E Washington St Unit B1, Des Plaines, IL 60016
$379,000
2 beds2 baths1,909 sq ft
1636 Ashland Ave #501, Des Plaines, IL 60016
See all

Provided by Redfin

Sale history for 175 S River Rd

Year

Property tax

Land + Additions

Assessment*

2023

$38,939 (+2.5%)

$15,142 + $132,549

$147,691

2022

$38,003 (+3.0%)

$15,142 + $132,549

$147,691

2021

$36,908 (+1.7%)

$15,142 + $104,930

$120,072

2020

$36,285 (+12.3%)

$15,142 + $104,930

$120,072

2019

$32,314 (+107.3%)

$15,142 + $104,930

$120,072

2018

$15,585 (+1.8%)

$8,652 + $43,461

$52,113

2017

$15,310 (+5.7%)

$8,652 + $43,461

$52,113

2016

$14,481 (+41.7%)

$8,652 + $43,461

$52,113

2015

$10,220 (+2.1%)

$8,382 + $25,427

$33,809

2014

$10,005 (+2.6%)

$8,382 + $25,427

$33,809

2013

$9,756 (+206.6%)

$8,382 + $25,427

$33,809

2012

$3,182 (+4.8%)

$8,382 + $4,255

$12,637

2011

$3,037 (−13.3%)

$8,382 + $4,255

$12,637

2010

$3,503 (+85.5%)

$9,237 + $5,531

$14,768

2009

$1,888 (−59.1%)

$7,700 + $802

$8,502

2008

$4,616 (−6.9%)

$10,816 + $13,883

$24,699

2007

$4,958

$11,897 + $15,271

$27,168

Tax history for 175 S River Rd

Year

Property tax

Land + Additions

Assessment*

2023

$38,939 (+2.5%)

$15,142 + $132,549

$147,691

2022

$38,003 (+3.0%)

$15,142 + $132,549

$147,691

2021

$36,908 (+1.7%)

$15,142 + $104,930

$120,072

2020

$36,285 (+12.3%)

$15,142 + $104,930

$120,072

2019

$32,314 (+107.3%)

$15,142 + $104,930

$120,072

2018

$15,585 (+1.8%)

$8,652 + $43,461

$52,113

2017

$15,310 (+5.7%)

$8,652 + $43,461

$52,113

2016

$14,481 (+41.7%)

$8,652 + $43,461

$52,113

2015

$10,220 (+2.1%)

$8,382 + $25,427

$33,809

2014

$10,005 (+2.6%)

$8,382 + $25,427

$33,809

2013

$9,756 (+206.6%)

$8,382 + $25,427

$33,809

2012

$3,182 (+4.8%)

$8,382 + $4,255

$12,637

2011

$3,037 (−13.3%)

$8,382 + $4,255

$12,637

2010

$3,503 (+85.5%)

$9,237 + $5,531

$14,768

2009

$1,888 (−59.1%)

$7,700 + $802

$8,502

2008

$4,616 (−6.9%)

$10,816 + $13,883

$24,699

2007

$4,958

$11,897 + $15,271

$27,168

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

10,816 Sq. Ft.

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Cook County

APN

09172000960000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 11, 2026.

Property details

Parking

Parking Information
# of Parking Spaces: 32
31-50 Outdoor Parking Spaces

Interior

Additional Rooms Information
Partially Finished Basement

Equipment
# of Refrigerators: 16
# of Ranges: 16

Heating & Cooling
Central Building Heating, Baseboard Heating, Radiant Heating
Window Air Conditioning Unit(s)

Multi-Family Information
# of Units: 16
Tenant Pays Electric, Tenant Pays Heat

Unit 1 Information
# of Units of Type: 16
# of Rooms: 4
# of Beds: 1
# of Baths: 1
Monthly Income: $850
Maximum Monthly Income: $950

Exterior

Building Information
Built Before 1978
Age: New Rehab
Brick Exterior
Brick Construction, Concrete Construction
Concrete Foundation
Rubber Roof
Flat Roof

Property Features
Other Land Features (See Remarks)
Laundry Room

Lot Information
Sq. Ft.: 23205
Dimensions: 85X273
City Street Access, Easements
Zoning: MULTI

Property Information
Current Use: Residential (Multi-Family)
Potential Use: Residential (Multi-Family)
Parcel Identification Number: 09172000960000
Multiple PINs

Financial

Financial Information
Tax: $14,481
Tax Year: 2016
Total Monthly Income: $14,070
Total Annual Income: $150,142
Gross Rental Income: $150,142
Gross Rent Multiplier: 8.43
Net Operating Income: $128,525
Net Operating Income Year: 2018
Cap Rate: 8.86
Finance Code: Conventional

Utilities

Utility Information
Circuit Breakers, 0-100 Amps

Location

Location Information
Township: Maine
Directions: From Downtown Des Plaines, north on River Road to subject building.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 10,816 square feet
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Cook County
APN: 09172000960000

Home facts updated by county records on Jul 11, 2026

Other

Expense Information
Total Annual: $29,618
Total Annual Year: 2018
Electricity: $709

Listing Information
Possession: Closing, Immediate
Sale Terms: Conventional, Cash Only
Seller Concessions: No

Around this home

Schools

North Elementary School

Public K-5 • Assigned • 0.5mi

5/10

Chippewa Middle School

Public 6-8 • Assigned • 1.2mi

7/10

Maine West High School

Public 9-12 • Assigned • 2.3mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Estimated 11-17% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 99° expected this year, 14 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Des Plaines, IL • 60016

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 60016

REDFIN OPEN SUN, 11AM TO 1PM

$929,000

5 beds4.5 baths4,136 sq ft

136 Oakwood Ave, Des Plaines, IL 60016

NEW

$349,900

2 beds1 bath1,003 sq ft

1091 E Villa Dr, Des Plaines, IL 60016

NEW

$450,000

3 beds2.5 baths1,734 sq ft

69 Nicholas Dr W, Des Plaines, IL 60016

NEW 22 HRS AGO

$210,000

— beds— baths— sq ft

290 Woodbridge Rd, Des Plaines, IL 60016

$419,900

2 beds2.5 baths1,971 sq ft

318 Laurel Ave, Des Plaines, IL 60016

EARLY ACCESS

$455,000

3 beds3 baths— sq ft

134 N 8th Ave, Des Plaines, IL 60016

$339,000

2 beds2 baths1,400 sq ft

183 Grove Ave Unit C, Des Plaines, IL 60016

$229,900

2 beds2 baths1,200 sq ft

9374 Landings Ln #201, Des Plaines, IL 60016

OPEN SAT, 1PM TO 3PM

$275,000

2 beds2 baths1,200 sq ft

1302 E Washington St Unit B1, Des Plaines, IL 60016

Home values near 175 S River Rd

Data from public records.

Address	Redfin Estimate
205 South River Rd, Des Plaines, IL 2 Beds \| 3 Baths \| 5653 Sq. Ft.	—
1573 Woodland Ave, Des Plaines, IL 2 Beds \| 1 Baths \| 1175 Sq. Ft.	$341,027

Address	Redfin Estimate
1570 Woodland Ave Apartment A, Des Plaines, IL 2 Beds \| 1 Baths \| 1152 Sq. Ft.	$246,748
1555 Woodland Ave, Des Plaines, IL 3 Beds \| 2.5 Baths \| 2186 Sq. Ft.	$442,399

Address	Redfin Estimate
1560 Woodland Ave Apartment D, Des Plaines, IL 3 Beds \| 1.5 Baths \| 1144 Sq. Ft.	$254,961
1547 Woodland Ave, Des Plaines, IL 3 Beds \| 1 Baths \| 1092 Sq. Ft.	$239,133

Property information provided by MRED as Distributed by MLS Grid when last listed in 2018. This data may not match . Learn more.

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