NOT LISTED FOR SALE

8222 Oconnor Dr River Grove, IL 60171

10 Beds
6 Baths
4,200 Sq Ft
6,813 Sq Ft Lot

Last Sold October 22, 2024

Last sale price $825,000 $196 Per Sq Ft

5 Days on Market

Highlights

  • Laundry Room
  • Storage Room
  • Central Heating
  • River Grove School Rated 9+

About This Home

As of October 2024

Amazing investment opportunity!! Solid Brick 6 unit on highly sought after O'Connor Drive. Four units are 2 bedrooms and 1 bath and Two units are 1 bedroom and 1 bath. Building offers storage room and coin laundry for extra income. 6 outdoor parking spaces. Property has been well maintained. Conveniently located near shopping, public transportation, expressways, and O'Hare, this building offers excellent rental potential. Act fast-properties like this don't last long!

Last Agent to Sell the Property

Ronald Ohr

Avenue 1 Realty Group License #471020729 Listed on: 08/27/2024

Last Buyer's Agent

Oleg Komarnytskyy

KOMAR License #471021311

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,769

Year Built

  • Built in 1967

Lot Details

  • 6,813 Sq Ft Lot
  • Lot Dimensions are 60 x 115

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,200 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $240
  • Fuel Expense $2,625
  • Insurance Expense $3,740
  • Trash Expense $1,020
  • Water Sewer Expense $4,050
  • Operating Expense $29,444
  • Gross Income $75,000
  • Net Operating Income $46,756

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,769

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: Flats
  • Stories: 3
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Basement Description: None
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Private Lot,Parking On-Site,Parking-Street

Utilities

  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 1020
  • Water Sewer Expenses: 4050

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60 X 115
  • Lot Size Sq Ft: 6813

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 8
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 4200

Multi Family

  • Net Operating Income: 46756
  • Fuel Expense: 2625
  • Insurance Expense: 3740
  • ElectricExpense: 240
  • GrossIncome: 75000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 29444
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17769
  • 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
10/22/2024 10/22/24 Sold $825,000 -2.9% $196 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $849,900 -- $202 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $17,769 $80,000 $8,516 $71,484
2024 $17,769 $54,950 $7,154 $47,796
2023 $17,803 $54,950 $7,154 $47,796
2022 $17,803 $56,158 $7,154 $49,004
2021 $13,433 $35,727 $5,109 $30,618
2020 $12,761 $35,727 $5,109 $30,618
2019 $15,880 $50,648 $5,109 $45,539
2018 $12,200 $35,172 $4,428 $30,744
2017 $14,266 $41,625 $4,428 $37,197
2016 $12,634 $41,625 $4,428 $37,197
2015 $11,755 $36,336 $3,917 $32,419
2014 $11,645 $36,336 $3,917 $32,419
2013 $11,173 $36,336 $3,917 $32,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12147482

Midwest Real Estate Data (MRED)