$640,000
SOLD APR 9, 2025

2232 River Rd River Grove, IL 60171

8 Beds
3 Baths
-- Sq Ft
1965 Built

Recently Sold

8% Below List Price

44 Days on Market

Highlights

  • Porch
  • Heating System Uses Steam
  • Paved or Partially Paved Lot
  • East Leyden High School Rated A-

About This Home

As of April 2025

Great Investment Opportunity in River Grove, IL! This spacious 3 unit is a fantastic find, offering two 3 bedroom and 1 Bath units and one 2 bedroom 1 bathroom unit across 3,018 square feet of living space. The property was completely gutted and remodeled in 2014. You'll enjoy the peace of mind that comes with updated electric, plumbing, and boilers, plus new water heaters and a roof added in 2018. Each unit in the building was fully updated with new kitchen, bathroom and flooring throughout during the remodel. Additional, the building offers convenient coin laundry option with in-building and one assigned parking space per unit. Located just a short walk from Triton College, this location shows great potential for securing tenants.

Last Agent to Sell the Property

Gino Grisi

Compass License #475133717 Listed on: 01/30/2025

Compass

Last Buyer's Agent

Juan Rivera

HomeSmart Connect LLC License #475196416

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,316

Year Built

  • Built in 1965

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Parking Available
  • Parking Included in Price
  • Assigned Parking

Lot Details

  • Lot Dimensions are 117x30
  • Paved or Partially Paved Lot

Schools

  • Rhodes Elementary School
  • East Leyden High School

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Partial Basement
  • Porch

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,316

Year Built

Built in 1965

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • Patio And Porch Features: Porch
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, On Site, Owned
  • ParkingTotal: 3

Utilities

  • Sewer: Storm Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Elementary School: Rhodes Elementary School
  • High School: East Leyden High School
  • Middle/Junior School: Rhodes Elementary School

Lot Info

  • Lot Dimensions: 117X30
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 15316
  • Tax Year: 2023

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2025 04/09/25 Sold $640,000 -4.5% --
03/16/2025 03/16/25 Pending -- -- --
03/04/2025 03/04/25 Price Changed $669,900 -3.6% --
01/30/2025 01/30/25 Price Changed $695,000 0.0% --
01/30/2025 01/30/25 For Sale $695,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

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 $15,317 $48,000 $3,681 $44,319
2024 $15,317 $41,614 $3,092 $38,522
2023 $14,686 $41,614 $3,092 $38,522
2022 $14,686 $41,614 $3,092 $38,522
2021 $10,469 $25,388 $2,208 $23,180
2020 $9,896 $25,388 $2,208 $23,180
2019 $10,377 $29,729 $2,208 $27,521
2018 $10,518 $27,192 $1,914 $25,278
2017 $10,311 $27,192 $1,914 $25,278
2016 $10,077 $29,619 $1,914 $27,705
2015 $7,436 $21,008 $1,693 $19,315
2014 $8,223 $23,742 $1,693 $22,049
2013 $7,834 $23,742 $1,693 $22,049
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12278937

Midwest Real Estate Data (MRED)
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