$615,000
SOLD JAN 10, 2025

7636 W 26th St North Riverside, IL 60546

7 Beds
4 Baths
-- Sq Ft
1967 Built

Recently Sold

5% Below List Price

18 Days on Market

Highlights

  • Ceiling Fan
  • Baseboard Heating
  • 2-minute walk to Veterans Park
  • A F Ames Elementary School Rated A
  • Heating System Uses Steam

About This Home

As of January 2025

Back on the market, purchaser's financing fell through!. Rare Opportunity in North Riverside -This is the only 4-unit building currently listed in the highly sought-after North Riverside area, and it's part of the prestigious Riverside School District! This impressive, all-brick property has been meticulously maintained and recently updated, making it an ideal investment opportunity. Featuring three 2-bed/1-bath units and one 1-bed/1-bath unit, the building offers spacious layouts with modern updates. Tenants will appreciate the recent upgrades, including new flooring, kitchen and bathroom renovations. Unit 1E and 2W were fully renovated last year, while 2E boasts brand new ceiling fans. Plus, the building is equipped with new boiler pumps for each unit, and all electrical boxes have been updated and brought up to code. Additional income streams include coin laundry in the basement and five exterior parking spaces. With convenient access to schools, parks, shopping, the Metra, and the expressway, the location is unbeatable. Rents are currently below market value offering potential for future rent increases and higher returns! This property also comes with peace of mind, having recently passed a fire system inspection. Don't miss this exceptional investment opportunity in a rapidly appreciating area!

Last Agent to Sell the Property

Jon Dimetros

Fulton Grace Realty License #475166142 Listed on: 10/14/2024

Fulton Grace Realty

Last Buyer's Agent

Jon Dimetros

Fulton Grace Realty License #475166142 Listed on: 10/14/2024

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,586

Year Built

  • Built in 1967

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Shake Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Side or Rear Entrance to Parking
  • Uncovered Parking
  • Parking Lot
  • Parking Included in Price

Schools

  • A F AMES Elementary School
  • L J Hauser Junior High School
  • Riverside Brookfield Twp Senior High School

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Ceiling Fan
  • Lot Dimensions are 50 x 125

Community Details

Overview

  • 4 Units
  • 4 Apts

Building Details

  • Electric Expense $300
  • Fuel Expense $3,300
  • Insurance Expense $3,000
  • Maintenance Expense $1,500
  • Trash Expense $1,150
  • Water Sewer Expense $3,600
  • Gross Income $61,250
  • Net Operating Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,586

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter
  • List Price: 650000
  • Roof: Shake, Other
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Parking Lot, Rear/Side Entry
  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Baseboard
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Fee Information

  • Trash Expense: 1150
  • Water Sewer Expenses: 3600

Schools

  • Elementary School: A F Ames Elementary School
  • High School: Riverside Brookfield Twp Senior
  • Middle/Junior School: L J Hauser Junior High School
  • Middle/Junior School District: 96

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 39000
  • Fuel Expense: 3300
  • Insurance Expense: 3000
  • ElectricExpense: 300
  • GrossIncome: 61250
  • Maintenance Expense: 1500
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 15585.6
  • Tax Year: 2023
  • Tax Exemptions: None

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
01/10/2025 01/10/25 Sold $615,000 0.0% --
12/10/2024 12/10/24 Off Market $615,000 -- --
12/02/2024 12/02/24 For Sale $650,000 +5.7% --
11/27/2024 11/27/24 Off Market $615,000 -- --
11/01/2024 11/01/24 Pending -- -- --
10/25/2024 10/25/24 Pending -- -- --
10/23/2024 10/23/24 Off Market $615,000 -- --
10/14/2024 10/14/24 For Sale $650,000 +27.5% --
08/04/2021 08/04/21 Sold $510,000 0.0% --
06/01/2021 06/01/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $510,000 +10.9% --
07/02/2018 07/02/18 Sold $460,000 -7.8% --
04/19/2018 04/19/18 Pending -- -- --
03/31/2018 03/31/18 For Sale $499,000 0.0% --
03/05/2018 03/05/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $499,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12186497

Midwest Real Estate Data (MRED)