NOT LISTED FOR SALE

8137 Oconnor Dr River Grove, IL 60171

9 Beds
6 Baths
4,914 Sq Ft
5,040 Sq Ft Lot

Last Sold December 18, 2024

Last sale price $800,000 $163 Per Sq Ft

66 Days on Market

About This Home

As of December 2024

Solid O'Connor Drive investment opportunity. All masonry 6-unit rental building with 6+ CAP RATE located in River Grove within walking distance to River Grove Metra, shopping & restaurants. Solid "workforce" 6 unit -- three (3) 2BR/1 bath and three (3) 1BR/1 bath. 6 parking spaces and laundry. Current monthly rental income is $7150. Rents are below market. Property will be sold AS-IS. Tear off roof 2006 & aluminum coating 2023, boiler replaced 2008 with wifi sensors, replacement windows installed 2007, new hot water heater 2023. Village of River Grove pre sale inspection completed. Convenient bus stops located along Cumberland Avenue, Belmont Avenue and Grand Avenue. O'Hare Airport is six miles northwest.

Last Agent to Sell the Property

David Gullo

Gullo & Associates License #471004288 Listed on: 09/04/2024

Last Buyer's Agent

Oleg Komarnytskyy

KOMAR License #471021311

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,731

Year Built

  • Built in 1970

Lot Details

  • 5,040 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,914 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $366
  • Fuel Expense $3,335
  • Insurance Expense $2,479
  • Maintenance Expense $2,300
  • Trash Expense $1,248
  • Water Sewer Expense $5,809
  • Operating Expense $34,100
  • Gross Income $85,800
  • Net Operating Income $51,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,731

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 1248
  • Water Sewer Expenses: 5809

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X100
  • Lot Size Sq Ft: 5040
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 16

Building Info

  • BuildingAreaTotal: 4914

Multi Family

  • Net Operating Income: 51700
  • Fuel Expense: 3335
  • Insurance Expense: 2479
  • ElectricExpense: 366
  • GrossIncome: 85800
  • Maintenance Expense: 2300
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 34100
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 19731
  • Tax Year: 2023
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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
12/18/2024 12/18/24 Sold $800,000 -5.9% $163 / Sq Ft
11/09/2024 11/09/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $850,000 -- $173 / Sq Ft
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 $19,732 $76,000 $6,300 $69,700
2024 $19,732 $61,017 $5,292 $55,725
2023 $19,343 $61,017 $5,292 $55,725
2022 $19,343 $61,017 $5,292 $55,725
2021 $14,632 $38,915 $3,780 $35,135
2020 $13,900 $38,915 $3,780 $35,135
2019 $16,698 $53,259 $3,780 $49,479
2018 $15,179 $43,762 $3,276 $40,486
2017 $14,998 $43,762 $3,276 $40,486
2016 $13,283 $43,762 $3,276 $40,486
2015 $10,857 $33,561 $2,898 $30,663
2014 $10,755 $33,561 $2,898 $30,663
2013 $11,366 $36,963 $2,898 $34,065
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12154971

Midwest Real Estate Data (MRED)