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$365,000

For Sale - Active
1080 S 6th Ave, Des Plaines, IL 60016
3 Beds
2 Baths
1,539 Square Feet
0.00 Acres Lot
Built in 1953
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Sep 06, 2025 at 11:26PM

Investment Summary


Monthly Cash Flow
-$334
Cap Rate
4.6%
Cash-on-Cash Return
-4.8%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-0.6%

Property Description


0.00 Acres Lot
Built in 1953
For Sale - Active
Units n/a

Welcome Home! Spacious ranch, in fantastic Des Plaines location! This brick ranch home is located on a nice, quiet street. 3 bedrooms and two full baths. Primary bedroom with walk-in closet and private bathroom w/new shower enclosure. Huge living room has expansive picture windows to let in lots of natural light. Large dining area off kitchen perfect for entertaining, great size family room. Kitchen with oak cabinets, space for breakfast table, stainless steel sink, Whirlpool range, new refrigerator (2025). Large backyard for everyone to enjoy, even space for a garden. The entire home was freshly painted in a pleasing light gray color. Contemporary laminate flooring (2024) installed throughout in a gray tone which compliments the walls perfectly. Furnace, central air and hot water tank installed in 2023!! 2 car detached garage , opener installed (2023) New pull-down attic stairs providing loads of storage. 2 car garage. Close to public transportation, schools, shopping, and Des Plaines Prairie Lakes Community Center, Metra! Elementary and Middle schools just around the corner and much more... See it before it's gone - book a tour today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Asphalt, Garage Door Opener, On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0919209053
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1953

Tax Information

  • Annual Tax: $7,292

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Lucia Demidetchi
Xhomes Realty Inc
(773) 383-8060

Source:
Midwest Real Estate Data (MRED)
MLS#: 12443606
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$334
Cap Rate
4.6%
Cash-on-Cash Return
-4.8%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-0.6%

Purchase Details

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Purchase price:
$365,000
Amount financed:
-$292,000
Down payment:
$73,000
Closing costs:
$10,950
Rehab costs:
$0
Initial cash invested:
$83,950
Square feet:
1,539
Cost per square foot:
$237
Monthly rent per square foot:
$1.88

Financing Details

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Loan amount:
$292,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,727
Property tax:
$608
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,538

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$608-$7,292
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$1,333-$15,992

Cash Flow


Monthly Yearly
Net operating income:
$1,393 $16,716
Mortgage payments:
-$1,727 -$20,724
Cash flow:
-$334 -$4,008