$1,300,000

502 Roberts Dr Glenwood, IL 60425

Estimated payment $9,616/month

Total Views 213
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

William Sole

Sancken Sole Realty License #471000241 Listed on: 08/25/2025

Co-Listing Agent

Jenny Johnson

Sancken Sole Realty License #475158955

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,393

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Misc Inside: Laundry Room
  • Refrigerators: 12
  • Ranges: 12
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 1300000
  • Roof: Composition
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Manager Expense: 13440
  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 2688
  • Water Sewer Expenses: 4980
  • Janitor Expense: 2400
  • Operating Expense Includes: Capital Improvements,Fuel,Insurance,Licenses,Maintenance,Maintenance Grounds,Maintenance Structure,Manager,Professional Management,Snow Removal,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.51
  • Lot Dimensions: 22250
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 17
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 15063
  • Fuel Expense: 6984
  • Insurance Expense: 6120
  • ElectricExpense: 840
  • GrossIncome: 151740
  • Maintenance Expense: 22803
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 106284
  • Expense Year: 2024
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 30393
  • Tax Year: 2023

Map

Range of Values:

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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 Change Sq Ft Price
08/25/2025 08/25/25 For Sale $1,300,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12450881

Midwest Real Estate Data (MRED)