502 Roberts Dr Glenwood, IL 60425
Estimated payment $9,616/month
Highlights
- Very Popular Property
- 0.51 Acre Lot
- Central Air
- Homewood-Flossmoor High School Rated A-
- Laundry Room
- Heating Available
About This Home
Great Investment Opportunity, 502-504-506 Roberts Drive presents a unique opportunity to acquire a well-maintained 12-unit brick building, 6 one bedrooms and 6 two bedrooms units in the charming community of Glenwood, Illinois. This property offers consistent rental income with all units featuring spacious layouts, abundant natural light, generous closet space, and functional floor plans designed for tenant convenience and on-sight laundry facility. Ideally located near S. Halsted Street, the primary north/south arterial through Chicago's south suburbs, the property benefits from excellent accessibility and visibility. S. Halsted averages 21,100 vehicles per day and provides access to a wide range of retailers, dining, services, and community amenities. Additionally, the property is adjacent to ongoing redevelopment efforts within Glenwood's commercial corridor-further enhancing long-term investment value. Glenwood is a reputable and sought-after bedroom community, offering residents a peaceful suburban setting with easy commutes to Chicago and the surrounding Chicagoland area. Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a reliable, income-producing asset, this 12-unit building is a fantastic opportunity. Roof replacements, coin laundry, interior and exterior lighting, thermostats in all units from 2022-2024. Contact us today to schedule a private tour and explore the potential of this strong investment property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,393
Year Built
- Built in 1967
Lot Details
- 0.51 Acre Lot
Parking
- 13 to 18 Parking Spaces
Home Design
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Laundry Room
Utilities
- Central Air
- Heating Available
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $840
- Fuel Expense $6,984
- Insurance Expense $6,120
- Maintenance Expense $22,803
- Manager Expense $13,440
- Trash Expense $2,688
- Water Sewer Expense $4,980
- Operating Expense $106,284
- Gross Income $151,740
- Net Operating Income $15,063
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/25/2025 08/25/25 | For Sale | $1,300,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12450881

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