Contract Out
10 beds
2225 S 17th Ave, North Riverside, IL 60546
Est: $4,866/moGet pre-approved
Multi FamilyProperty Type
0.13 acresLot Size
1960Year Built

Description

Rare value-add multifamily opportunity in North Riverside featuring five two-bedroom, one-bath units, each with two dedicated parking spaces. The property has been owned and occupied by long-term tenants, providing an investor with immediate in-place income and a clear opportunity to create additional value through renovation, deferred maintenance improvements, and active asset management. Current rents range from $900 to $1,100 per month, with market rents estimated at approximately $1,600 per month...Rare value-add multifamily opportunity in North Riverside featuring five two-bedroom, one-bath units, each with two dedicated parking spaces. The property has been owned and occupied by long-term tenants, providing an investor with immediate in-place income and a clear opportunity to create additional value through renovation, deferred maintenance improvements, and active asset management. Current rents range from $900 to $1,100 per month, with market rents estimated at approximately $1,600 per month following renovation. Each unit presents an opportunity for modernization and repositioning, allowing a new owner to improve the asset, capture rental upside, increase operating income, and enhance long-term value. With ten on-site parking spaces and a straightforward five-unit configuration, this property offers an attractive opportunity for investors seeking a manageable multifamily investment with meaningful upside potential through targeted improvements and lease repositioning.

Listing Agent

  1. Mike Wolson

    Mike Wolson

    Listing Agent

    Compass

    P: (312) 388-8840

    M: (312) 388-8840

66 days on Market
Last updated: 09/18/2026 12:18 PM • Source: MRED as distributed by MLS GRID, MLS#: 12705965

Location

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$4,866 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,870

Property Taxes

$996

HOA Dues

$0

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Property Information for 2225 South 17th Avenue

Property Details
  • Taxes: $11,947 / year
  • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
  • County: Cook County
  • Area: North Riverside
  • Air Conditioning Type: Window Unit(s)
  • Zoning: MULTI
Building Information
  • Stories: 2
  • Residences: 5
  • Year Built: 1960
  • Lot Size: 0.13 AC / 5,662 SF
General Information
Owner
  • Owner Pays: Water, Gas, Heat, Scavenger
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Hot Water,Radiant
  • # Of Dishwashers: 1
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 5700
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Flood Zone: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 13
  • Habitable Residence: Yes
Miscellaneous
  • Current Use: Legal Non Conforming, Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $1,575.00
  • Fuel Expense: $4,600.00
  • Gross Income: $63,600.00
  • Insurance Expense: $4,162.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2026
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 5300
  • Water Expense Source: Owner Projection
  • Net Operating Income: $5,150.00
  • Operating Expense: $19,250.00
  • Other Expense: $.00
  • Trash Expense: $4,650.00
  • Water Sewer Expense: $4,263.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2225 South 17th Avenue

DateEvent & SourcePriceAppreciation
Jul 22, 2026

Contingent

MRED #12705965

—
Jul 20, 2026

Listed (Active)

MRED #12705965

$725,000—
DateEvent & SourcePrice
07/22/2026

Contingent

MRED #12705965

—
07/20/2026

Listed (Active)

MRED #12705965

$725,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2225 South 17th Avenue

This home is within Komarek School District 94.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Komarek Elementary School
PublicPK to 8

Riverside Brookfield Twp High School
Public9 to 12

St Louise De Marillac School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 09/18/2026 12:18 PM. 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.