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1430-1440 Miner StDes Plaines, IL 60016
1430-1440 Miner St
Asset ClassMultifamily
Des Plaines, IL | Mixed Use | Prime Location
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Overview

33 Realty's pleased to present for sale a value add mixed use opportunity at 1430-1440 Miner St in Des Plaines, IL. Consisting of 4 apartments and 4 retail storefronts (2 are occupied by restaurant) the property's extremely well located in downtown Des Plaines across the street from the train station and adjacent to City Hall. The property's fully occupied and leased at below market rents, presenting a rarely available and excellent opportunity to add value with rent increases over time to the commercial tenants and immiedate strategic renovation of the apartment units.  Zoned for 4 stories, there's a real opportunity to build an additional 2 floors of apartments above. The building's surrounded by new development including Class A apartments and just across the street from the classic Des Plaines Theater, which was purchased by the village and underwent $6M renovation in 2022.

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Investment Highlights

  • Prime Location in Downtown Des Plaines
  • Value Add Opportunity
  • Recent Succesful Property Tax Appeal
  • Across Street from Train Station
  • New Hot Water Tank in 2024
  • New Double Pane Windows in 2017
  • 15 Rear Parking Spaces
  • New Weil-McClain Boiler in 2015
  • Transit Oriented Location
  • New Rubber Membrane Roof in 2014
  • Surrounded by New Development
  • Hardwood Floors in Apartments
  • New Commercial Air Conditioning Unit
  • Zoned for 4 Stories
  • Paid Property Tax Attorney Fees Thru 2028
  • Adjacent to City Hall
  • Basement Storage
  • New Cabinets in 2 Units
  • Tenants Pay Cooking Gas
  • Rear of Building Painted in 2023
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1430-1440 Miner StDes Plaines, IL 60016

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