See Home Value
$806,000 - $984,000
Commercial - Off Market

8355 Oconnor Drive

River Grove, IL 60171
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
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
20230802
08/02/2023
Loft
-
4914 ft²
$895,000
bedrooms
Loft
bathrooms
-
square feet
4914 ft²
-
-
-
Svitlana Creadon
Compass

Building Info

8355 O'connor Drive 8355 O'connor Drive, River Grove, IL 60171
  • 1 Unit for Sale
More about this Building
8355 O'connor Drive
Want to find out who owns 8355 O'connor Drive, River Grove, IL 60171? Get detailed property transactions here .

About River Grove


Similar Homes for Sale


Nearby Rentals

Unit for rent at 7613 W Fullerton Avenue, Elmwood Park, IL, 60707

$1,200 /mo

  • 1 Bed
  • 1 Bath
  • 1,000 ft²
7613 W Fullerton Avenue #1F, Elmwood Park, IL, 60707 Listing by Frank Herrera
Unit for rent at 7520 W Grand Ave, Elmwood Park, IL, 60707

$1,100 /mo

  • 1 Bed
  • 1 Bath
  • 725 ft²
7520 W Grand Ave, Elmwood Park, IL, 60707 Listing by Manager
Unit for rent at 2034-2054 N 18 Ave, Melrose Park, IL, 60160

$1,050 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
2034-2054 N 18 Ave #2034-38 & 2054 N 18 Ave - 2054 N 18th Ave- C4, Melrose Park, IL, 60160 Listing by Manager


Quantcast