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Map
$806,000 - $984,000
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Commercial -
Off Market
8355 Oconnor Drive
River Grove, IL 60171
Studio
0 Bath
4914 Sqft
About This Property
Amazing 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 $400 per month). 4-car
garage parking ($100 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); majority of units need to be renovated. Current
rental income is $6,500; after some TLC projects $7,800- $8,300 per
month in rental income (over $93,000 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.
The manager has listed the unit size as 4914 square feet.
The manager has listed the unit size as 4914 square feet.
Unit Size
4,914Ft²
Days on Market
-
Land Size
-
Price per sqft
$182
Property Type
Commercial
Property Taxes
$1,383
HOA Dues
-
Year Built
1969
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 16, 2023 | No longer available | - | |
No longer available | |||
Aug 2, 2023 | Listed | $895,000 | |
Listed |
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Brick
Building Details
New Construction
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Commercial
Loft
-
4,914 ft²
$182/ft²
$895,000
Dec 14, 2023
-
$1,383/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/02/2023
|
|
Loft
|
-
|
4914 ft²
|
$895,000
Loft
-
4914 ft²
|
-
-
|
-
|
Svitlana Creadon
Compass
|
Building Info
8355 O'connor Drive
8355 O'connor Drive, River Grove, IL 60171
- 1 Unit for Sale