NOT LISTED FOR SALE

14043 S School St Riverdale, IL 60827

Riverdale Area
-- Beds
-- Baths
4,725 Sq Ft
5,016 Sq Ft Lot

Sale Details

Date Sold: March 25, 2025

Last sale price $195,000 $41 Per Sq Ft

187 Days on Market

About This Home

As of March 2025

Deal Fell Through! Back On The Market! Excellent Investment Opportunity! Two solid six Units must be sold together! Please see MLS # 12030815 for the other half of the Portfolio. Please keep in mind (250k for each building Must be sold together) Offering spacious and updated units that are 70% occupied this is the perfect time to invest in Riverdale's thriving rental market. These buildings currently have cash flow, and rents could be higher. The building provides private parking in the back for tenants. The new owner can add laundry facilities on the lower level to increase building income. Don't miss this opportunity to Invest in a thriving rental market. Call today for your private showing!

Last Agent to Sell the Property

Jar'neen Towns

Towns & Associates License #471016397 Listed on: 04/16/2024

Last Buyer's Agent

Minh Huynh

Fulton Grace Realty License #475190896

Fulton Grace Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,016 Sq Ft Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Garden Apartment
  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 4,725 Sq Ft Home
  • 3-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,100
  • Fuel Expense $5,340
  • Insurance Expense $3,600
  • Water Sewer Expense $4,300
  • Operating Expense $37,250
  • Gross Income $69,600
  • Net Operating Income $32,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

5,016 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Foundation Details: Brick/Mortar
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 4300

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5125
  • Lot Size Sq Ft: 5016
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 4725

Multi Family

  • Net Operating Income: 32350
  • Fuel Expense: 5340
  • Insurance Expense: 3600
  • ElectricExpense: 1100
  • GrossIncome: 69600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 37250
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 17000
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2024
Closed on
Mar 7, 2025
Sold by
School & Stacy Llc
Bought by
Seller's Agent
Jar'neen Towns
Towns & Associates
Buyer's Agent
Minh Huynh
Fulton Grace Realty
List Price
$229,900
Sold Price
$195,000
Premium/Discount to List
-$34,900
-15.18%
Views
134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Outstanding Balance
$135,707
Interest Rate
11.24%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 23, 2020
Sold by
Sykes Terrance and Sykes Yolanda
Bought by
School And Stacy Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2002
Sold by
Tully Robert D and Tully Mary C
Bought by
Sykes Terrance and Sykes Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,000
Interest Rate
7.5%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Riverdale, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$195,000 Citywide Title
School And Stacy Llc $160,000 Attorney
Sykes Terrance $223,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $136,500
Previous Owner School And Stacy Llc $240,000
Previous Owner Sykes Terrance $358,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/25/2025 03/25/25 Sold $195,000 -2.5% $41 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
10/09/2024 10/09/24 Price Changed $200,000 -13.0% $42 / Sq Ft
09/03/2024 09/03/24 For Sale $229,900 +17.9% $49 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
07/25/2024 07/25/24 Off Market $195,000 -- --
07/05/2024 07/05/24 For Sale $229,900 +17.9% $49 / Sq Ft
07/01/2024 07/01/24 Off Market $195,000 -- --
06/08/2024 06/08/24 Price Changed $229,900 -4.2% $49 / Sq Ft
06/01/2024 06/01/24 Price Changed $239,900 -4.0% $51 / Sq Ft
05/22/2024 05/22/24 Price Changed $250,000 -10.4% $53 / Sq Ft
05/16/2024 05/16/24 Price Changed $279,000 -6.7% $59 / Sq Ft
04/16/2024 04/16/24 Price Changed $299,000 -50.1% $63 / Sq Ft
04/16/2024 04/16/24 For Sale $599,000 -- $127 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,101 $17,000 $2,178 $14,822
2024 $13,101 $17,000 $2,178 $14,822
2023 $15,886 $17,000 $2,178 $14,822
2022 $15,886 $16,475 $1,922 $14,553
2021 $15,520 $16,474 $1,921 $14,553
2020 $14,771 $16,474 $1,921 $14,553
2019 $16,971 $17,999 $1,793 $16,206
2018 $16,246 $17,999 $1,793 $16,206
2017 $17,084 $19,816 $1,793 $18,023
2016 $14,393 $17,858 $1,665 $16,193
2015 $14,068 $17,858 $1,665 $16,193
2014 $13,863 $17,858 $1,665 $16,193
2013 $10,842 $15,084 $1,665 $13,419
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12030537

Midwest Real Estate Data (MRED)
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