Closed

$870,000

Favorite

4,914

square ft

8355 Oconnor Drive

River Grove, Illinois 60171

Closed / MLS #11946938 / Multiple Family / River Grove

Listing information updated 3/29/2024 at 5:23pm

Amazing investment opportunity! This all masonry 6-unit rental building is located in the highly coveted neighborhood of River Grove. It has spacious 3 units with 2 Bed/ 1 bath and 3 units with - 1 Bed/ 1 bath. Perfectly located on a quiet residential street, close to Metra Station and stores. Great opportunity for an investor with lots of rental comps in the area starting at $1,100 for 1 Bed/ 1 Bath (new development starting at $1,600) and $1,350 for 2 bed/ 1 Bath (new development starting at $2,100). Windows were replaced 01/2018. Roof was replaced 6/2022. Coin laundry provides an additional income (approximately $350-$400 per month). 4-car garage parking (projected $150 per month rent) with plenty of storage space and lots of street parking. Private fenced yard with patio. Majority of the units are rented to a long time renters for a below market price (1 bed/ 1bath at $975- $1,200 and 2 bed/ 1bath - $1,000-$1,225). Current rental income is $6,600; after some TLC projects $9,300- $10,150 per month in rental income (over $120,000 in annual rental income). This property is perfect for an owner or investment property, offering everything you need for comfortable living. This is a true gem and won't last long on the market.

Full Features

Exterior Type:

Brick

Water Front:

Square Feet:

4,914

Built:

1969

Cooling System:

Wall Sleeve

Stories:

Zoning:

MULTI

Building Square Feet:

4,914

Current Net Income:

$52,963

Unit 1:

4 room(s) / 2 bed(s) / 1 bath(s)

Unit 2:

4 room(s) / 2 bed(s) / 1 bath(s)

Unit 3:

4 room(s) / 2 bed(s) / 1 bath(s)

Unit 4:

3 room(s) / 1 bed(s) / 1 bath(s)

Unit 5:

3 room(s) / 1 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$16,590

Tax Year:

2021

Location

Zip Code:

60171

City:

River Grove

County:

Cook

Listing Office: Compass

Listing Office Phone: 773.482.1917

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/29/2024 at 5:23pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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8355 Oconnor Drive is a multiple family which sold for $870,000. This multiple family has been listed on @properties since December 14th, 2023 and was built in 1969. The nearest transit stops include River Grove Metra Milwaukee District West line.