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8355 Oconnor Drive, River Grove, IL 60171
$870,000
8355 Oconnor Drive, River Grove, IL 60171View this property at 8355 Oconnor Drive, River Grove, IL 60171
8355 Oconnor DriveRiver GroveIL60171
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Property Description
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 $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.
Full Property Details
Full Property Details for 8355 O Connor Dr
General
- Sold For: $870,000
- Taxes: $16,590 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11946938
- Added to Site: 179 day(s) ago
Parking
- Parking Features: 1 to 5 Spaces, Parking-Street
Location
- Area: River Grove
- County: Cook
- Driving Directions: Cumberland/Thatcher S of Belmont to O'Connor E to 8355
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Central Heat/Individual Controls, Hot Water
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 4,914
- Year Built: 1969
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 6,125
- Lot Dimensions: 49 x 124
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $25,037
- Assessment Year: 1969
- Tax Amount: $16,590
- Tax Year: 2021
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 12262060490000
Listed by Compass
Sold by Komar
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Schools
Schools serving 8355 O Connor Dr
School District:River Grove School District 85-5
Rating | Name | Grades | Distance |
---|---|---|---|
2650 Thatcher Ave, River Grove, IL 60171 | K-8 | 0.4 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 8355 O Connor Dr
Date
Details
Price
Change
Source
3/28/2024
Sold
$870,000
-2.79%
MLS
12/14/2023
Listed
$895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8355 Oconnor Drive, River Grove, IL 60171 (MLS# 11946938) is a Commercial property that was sold at $870,000 on March 28, 2024. Want to learn more about 8355 Oconnor Drive? Do you have questions about finding other Commercial real estate for sale in River Grove? You can browse all River Grove real estate or contact a Coldwell Banker agent to request more information.