This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/5
8305 N Solon Road, Richmond, IL 60071
$475,000
8305 N Solon Road, Richmond, IL 60071View this property at 8305 N Solon Road, Richmond, IL 60071
8305 N Solon RoadRichmondIL60071
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/5
Property Description
This opportunity presents an excellent chance to generate substantial rental income. The property comprises five rental units spread across two separate houses, as well as a spacious 24 x 40 garage, all situated on a one-acre wooded lot. The first building underwent reconstruction in the early 2000s and now features two units, each boasting two bedrooms and a full bathroom, as well as a full basement. The second building contains three units: the first unit consists of two bedrooms with a full bathroom, the second unit is a studio with a full bathroom, and the third upper unit offers two bedrooms with a full bathroom. Notably, the detached garage also serves as a source of rental income.
Full Property Details
Full Property Details for 8305 N Solon Rd
General
- Price: $475,000
- Taxes: $8,248 (2022)
- Status: Active
- Type: Multi-Family
- MLS ID: 11925481
- Updated: 3/9/2024
- Added to Site: 195 day(s) ago
Interior
- Basement: Full
Rooms
Bathrooms
- Total Bathrooms: 2
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 2
- Total Spaces: 10
- Parking Ownership: Owned
- Parking Type: Garage, Space(s)
- Parking On-Site: Yes
Location
- Area: Richmond
- County: Mc Henry
- Township: Richmond
- Driving Directions: Rt 12 to N Solon Rd. Head North to property located on the West side of the road.
School Information
- School District: 157
- Elem School District: 157
- Midd School District: 157
- High School District: 157
- Elementary School: Richmond-Burton Community High S
- Middle School: Richmond-Burton Community High S
- High School: Richmond-Burton Community High S
- Private School: Richmond-Burton Community High S
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Private Septic System
- Water: Private Well
Structural Information
- Exterior Const.: Cedar
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt
- Year Built: 1948
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Additional Structures
- Other Structures: Guest House
Lot Features
- Lot Size (Acres): 1
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 165 x 264
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1948
- Tax Amount: $8,248.01
- Tax Year: 2022
- Pays Sewer: Septic-Private
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 422400008
Listed by RE/MAX Plaza
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 8305 N Solon Rd
School Districts:Nippersink Sd 2, Richmond-Burton Community High School District 157
Rating | Name | Grades | Distance |
---|---|---|---|
5815 Broadway St, Richmond, IL 60071 | PK-5 | 2.7 mi | |
10006 N Main St, Richmond, IL 60071 | 6-8 | 2.2 mi | |
8311 Illinois Route 21, Richmond, IL 60071 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8305 N Solon Rd
Date
Details
Price
Change
Source
11/07/2023
Listed
$475,000
69.64%
MLS
8/08/2021
Sold
$280,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8305 N Solon Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$8,248
5%
$96,900
4%
2021
$7,883
—
$93,003
4%
2021
$7,883
2%
$89,486
3%
2019
$7,715
-2%
$86,611
10%
2017
$7,855
—
$79,072
-5%
2018
$7,825
1%
$83,033
12%
2016
$7,776
3%
$74,135
10%
2015
$7,547
-3%
$67,598
-1%
2014
$7,820
5%
$68,371
-2%
2013
$7,441
7%
$70,096
-4%
2012
$6,947
—
$73,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8305 N Solon Rd
8305 N Solon Road, Richmond, IL 60071 (MLS# 11925481) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 8305 N Solon Road is currently listed for $475,000 and was received on November 07, 2023. Want to learn more about 8305 N Solon Road? Do you have questions about finding other Multi-Family real estate for sale in Richmond? You can browse all Richmond real estate or contact a Coldwell Banker agent to request more information.