Seller's Agent in 2024
Svitlana Creadon
Compass
(773) 225-9027
2 in this area
86 Total Sales
8355 Oconnor Dr River Grove, IL 60171
9
Beds
6
Baths
4,914
Sq Ft
6,125
Sq Ft Lot Lot
About This Home
As of March 2024Amazing investment opportunity! This all masonry 6-unit rental building is located in the highly coveted neighborhood of River Grove. It has spacious 3 units with 2 Bed/ 1 bath and 3 units with - 1 Bed/ 1 bath. Perfectly located on a quiet residential street, close to Metra Station and stores. Great opportunity for an investor with lots of rental comps in the area starting at $1,100 for 1 Bed/ 1 Bath (new development starting at $1,600) and $1,350 for 2 bed/ 1 Bath (new development starting at $2,100). Windows were replaced 01/2018. Roof was replaced 6/2022. Coin laundry provides an additional income (approximately $350-$400 per month). 4-car garage parking (projected $150 per month rent) with plenty of storage space and lots of street parking. Private fenced yard with patio. Majority of the units are rented to a long time renters for a below market price (1 bed/ 1bath at $975- $1,200 and 2 bed/ 1bath - $1,000-$1,225). Current rental income is $6,600; after some TLC projects $9,300- $10,150 per month in rental income (over $120,000 in annual rental income). This property is perfect for an owner or investment property, offering everything you need for comfortable living. This is a true gem and won't last long on the market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,590
Year Built
- Built in 1969
Lot Details
- 6,125 Sq Ft Lot
- Lot Dimensions are 49 x 124
Home Design
- Brick Exterior Construction
Interior Spaces
- 4,914 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Central Heating
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $484
- Fuel Expense $3,469
- Insurance Expense $2,100
- Trash Expense $1,860
- Water Sewer Expense $4,388
- Operating Expense $25,037
- Gross Income $79,200
- Net Operating Income $52,963
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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 |
|---|---|---|---|---|
| 03/28/2024 03/28/24 | Sold | $870,000 | -2.8% | $177 / Sq Ft |
| 02/01/2024 02/01/24 | Pending | -- | -- | -- |
| 12/14/2023 12/14/23 | For Sale | $895,000 | -- | $182 / 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 | $20,372 | $77,000 | $7,656 | $69,344 |
| 2024 | $20,372 | $63,000 | $6,431 | $56,569 |
| 2023 | $19,972 | $63,000 | $6,431 | $56,569 |
| 2022 | $19,972 | $63,000 | $6,431 | $56,569 |
| 2021 | $16,590 | $44,122 | $4,593 | $39,529 |
| 2020 | $15,760 | $44,122 | $4,593 | $39,529 |
| 2019 | $16,199 | $51,666 | $4,593 | $47,073 |
| 2018 | $14,819 | $42,722 | $3,981 | $38,741 |
| 2017 | $14,642 | $42,722 | $3,981 | $38,741 |
| 2016 | $12,967 | $42,722 | $3,981 | $38,741 |
| 2015 | $11,886 | $36,740 | $3,521 | $33,219 |
| 2014 | $11,774 | $36,740 | $3,521 | $33,219 |
| 2013 | $11,298 | $36,740 | $3,521 | $33,219 |
Source: Public Records
Agents Affiliated with this Home
-
Svitlana Creadon
-
Oleg Baliuk
Buyer's Agent in 2024
Oleg Baliuk
KOMAR
(312) 900-9797
6 in this area
252 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11946938
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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