38 N Broadway Street, Des Plaines, IL 60016 - Photo 1

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1/5

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$325,000

For Sale
Active
Commercial
1,950 Sq. Ft.
Updated 11 days ago

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Property Description

Turn key opportunity to own a commercial investment property in Des Plaines next to of Mt. Prospect. All 5 units are rented with annual income of $36,300. Property taxes only $11,000. Street parking on both sides of Broadway. Nearly 2000 square foot building with updated interior, two washrooms and kitchenette. Front and side entrances. Garage door for loading and unloading access. Across from Des Plaines - Cumberland METRA station and on PACE bus route. Well built and excellently maintained building.

Full Property Details

Full Property Details for 38 N Broadway St

General

Price: $325,000
Taxes: $11,012 (2024)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12588709
Updated: 3/25/2026
Added to Site: 17 day(s) ago

Additional Information

Security/Safety: Fire Extinguisher(s)

Location

Area: Des Plaines
County: Cook
Township: Maine
Driving Directions: Off of Northwest Highway/Route 14, North on Broadway
Location Details: Northwest Suburban

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Hot Water

Structural Information

Drive-In Doors: 1
Stories/Levels: 1
Square Feet: 1,950
Current Bldg. Use: Commercial, Office, Medical/Dental
Year Built: 1962
Built Before 1978: Yes

Unit Information

# Tenants: 4

Lot Features

Lot Size (Sq. Ft.): 2,625
Lot Dimensions: 35 x 75
Frontage: City Street
Potential Use: Commercial, Office, Retail, Elderly Housing, Single Room Occupancy
Zoning: COMMR

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Operating Expenses: $6,932
Security Deposit: Fire Extinguisher/s
Assessment Year: 1962
Tax Amount: $11,012
Tax Year: 2024

Disclosures and Reports

Property ID: 9182010240000

Listed by Keller Williams ONEChicago

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— 38 N Broadway St —

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Schools

Schools serving 38 N Broadway St

School Districts:Des Plaines Community Consolidated School District 62, Maine Township High School District 207

Name	Grades	Distance
Cumberland Elementary School, Des Plaines, IL 700 East Golf Road, Des Plaines, IL 60016	PK-5	0.3 mi
Iroquois Community School 1836 East Touhy Avenue, Des Plaines, IL 60018	K-8	3.3 mi
Chippewa Middle School, Des Plaines, IL 123 North 8th Avenue, Des Plaines, IL 60016	6-8	0.2 mi
Maine West High School 1755 South Wolf Road, Des Plaines, IL 60018	9-12	2.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 38 N Broadway St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/19/2026

Listed

$325,000

14.04%

MLS

3/07/2008

Sold

$285,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 38 N Broadway St

Year

Property Taxes

Change

Tax Assessment

Change

2023

$10,768

—

$51,750

27%

2023

$10,768

$40,843

—

2022

$10,510

-21%

$40,843

-5%

2021

$13,245

-1%

$43,090

-3%

2020

$13,378

25%

$44,269

11%

2019

$10,741

-10%

$39,913

—

2018

$11,937

-40%

$39,913

-14%

2017

$19,956

48%

$46,608

-4%

2016

$13,507

29%

$48,608

40%

2015

$10,483

65%

$34,676

62%

2014

$6,335

-1%

$21,405

-3%

2013

$6,367

34%

$22,065

17%

2012

$4,738

—

$18,816

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 38 N Broadway St

38 N Broadway Street, Des Plaines, IL 60016 (MLS# 12588709) is a Commercial property. 38 N Broadway Street is currently listed for $325,000 and was received on March 19, 2026. Want to learn more about 38 N Broadway Street? Do you have questions about finding other Commercial real estate for sale in Des Plaines? You can browse all Des Plaines real estate or contact a Coldwell Banker agent to request more information.

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38 N Broadway St Des Plaines, IL 60016