60 E 138th St Riverdale, IL 60827
Estimated payment $3,190/month
About This Home
Exceptional opportunity for INVESTORS seeking stable cash flow with built-in rental upside. This well-maintained 6-unit multifamily property has demonstrated nearly perfect occupancy for over 40 years, with only one single month of vacancy across all units during that entire time. Each unit features a 1 bed/1 bath layout with approximately 450 sq. ft of livable space + bathroom/storage. Roof was upgraded 6 years ago, water heater 3 years ago, common areas freshly painted 1 year ago. Current rents average $800 per unit, while comparable properties in the area suggest approximately $1,100 per unit, creating a clear value-add opportunity for INVESTORS looking to increase cash flow over time.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,205
Year Built
- Built in 1961
Home Design
- Brick Exterior Construction
Utilities
- Window Unit Cooling System
- Radiator
Additional Features
- 3-Story Property
- 3,049 Sq Ft Lot
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $2,600
- Gross Income $57,600
- Net Operating Income $28,000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 03/10/2026 03/10/26 | For Sale | $449,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12588169
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 13833 S Edbrooke Ave
- 13910 S Edbrooke Ave
- 13819 S State St
- 13839 S State St
- 13924 S Michigan Ave
- 13929 S Edbrooke Ave
- 105 E 140th Ct
- 201 E 140th Place
- 307 E 136th Place
- 200 E 141st St
- 3 W 141st St
- 312 E 136th St
- 268 E 140th Place
- 14111 S State St
- 13848 S Wentworth Ave
- 14120 S Edbrooke Ave
- 13913 Lincoln Ave
- 14122 S Edbrooke Ave
- 14123 S State St
- 316 W 138th St
- 13922 S Edbrooke Ave
- 13903 S State St
- 314 E 138th St Unit 1F
- 13905-13937 S Clark St
- 13708 S Wentworth Ave
- 13841 Forest Ave
- 13701 S Atlantic Ave
- 13300 S Indiana Ave
- 414 W 144th St Unit Studio/Basement
- 414 W 144th St
- 724 W 138th St Unit 3
- 14305 Irving Ave Unit 1
- 14305 Irving Ave Unit 2
- 14844 Wabash Ave
- 14500 Cottage Grove Ave Unit 3
- 12552 S Yale Ave
- 12748 S Lowe Ave
- 14605 Des Plaines St Unit 1 W
- 14605 Des Plaines St Unit 1E
- 14916 Langley Ave
Ask me questions while you tour the home.