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    365 Graceland Ave, Unit 205A Des Plaines, IL 60016

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    For Sale
    $337,500

    Spacious condo with updates, close to Metra and downtown.

    Property Features for 365 Graceland Ave

    General Information

    Exterior features
    exterior_features, : ["Deck"]
    Interior features
    Interior Feature 1, : "Central Air", "Interior Feature 2": "Radiant", "Interior Feature 3": "Forced Air", "Interior Feature 4": "Range", "Interior Feature 5": "Microwave", "Interior Feature 6": "Dishwasher", "Interior Feature 7": "Refrigerator", "Interior Feature 8": "Washer", "Interior Feature 9": "Dryer", "Interior Feature 10": "Disposal"

    Building Details

    Year built
    2004

    Source: Compass Agent Ron Ehlers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Corner Unit Condo

    This large, open corner unit features recent updates and abundant natural light. Newer wood flooring extends throughout the residence. The layout offers flexibility and storage. An entry foyer leads into the expansive living area, which accommodates large furniture and includes an optional nook suitable for an office space. The kitchen, equipped with newer stainless steel appliances, opens to the dining room, which connects to a covered east-facing balcony. The split bedroom layout enhances privacy. The primary bedroom includes a large walk-in closet and a private bathroom. A new furnace and AC unit were installed in 2023. In-unit laundry, an attached heated garage space, and a storage locker are included. The condo is located blocks from the Metra train, shopping, and dining in downtown Des Plaines.
    Location Intelligence

    Current Use by Public Records

    Avery Lane Design Cars

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8890541
    Latitude
    42.0463967

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    FAQs

    What type of property is this?
    Apartment building - Spacious condo with updates, close to Metra and downtown.
    Where is this apartment building located?
    The property is located at 365 Graceland Ave, Unit 205A Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $337,500.
    What are key features of this property?
    This property features: - Convenient location blocks from Metra train, shopping, and dining in downtown Des Plaines.; - New furnace and AC installed in 2023.; - **Large, open corner unit with newer wood flooring.**
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    365 Graceland Ave, Unit 205A Des Plaines, IL 60016
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