NOT LISTED FOR SALE

8222 Oconnor Dr River Grove, IL 60171

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

Sale Details

Date Sold: October 22, 2024

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

5 Days on Market

Highlights

  • Laundry Room
  • Storage Room
  • Central Heating

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

KOMAR

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

6,813 Sq Ft Lot

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

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
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12147482

Midwest Real Estate Data (MRED)
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