Closed

$895,000

8355 Oconnor Drive, River Grove, IL 60171
50 days
8355 Oconnor Drive·River Grove, IL 60171
1969Year Built
About This Home

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.

MLS# 11946938Listed December 14, 2023Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built1969
Lot Size49 X 124

Location

CountyCook
TownshipLeyden
Zip Code60171

Financial

List Price$895,000
Annual Taxes (2021)$16,590
Monthly Tax Est.$1,383
Parcel #12262060490000
Interior Features

Cooling

Wall Sleeve
Exterior & Lot

Construction

Brick
Tax & Financial
Annual Taxes
$16,590
Tax Year 2021
Monthly Tax Est.
$1,383
per month
Property Location

8355 Oconnor Drive, River Grove, IL 60171Cook County

$895,000
8355 Oconnor Drive
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
50 days on market
49 X 124
$16,590/yr taxes
$6,086
estimated monthly payment
Principal & Interest
$4,704/mo
Property Tax
$1,383/mo
$895,000
20% — $179,000
3%50%
6.875%
3%12%
Loan Amount
$716,000
Down Payment
$179,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Svitlana Creadon
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