14043 South School Street

Riverdale, IL 60827

$299,000
Price
11
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent Investment Opportunity! Two solid six Units must be sold together! Please see MLS # 12030815. Offering spacious and updated units 100% occupied as of June 1, this is the perfect time to invest in Riverdale's thriving rental market. These buildings are a cash flow. Rents can be higher than currently receiving. The building provides private parking in the back that could create extra income. The new owner can possibly add laundry facilities on the lower level to increase building income....Excellent Investment Opportunity! Two solid six Units must be sold together! Please see MLS # 12030815. Offering spacious and updated units 100% occupied as of June 1, this is the perfect time to invest in Riverdale's thriving rental market. These buildings are a cash flow. Rents can be higher than currently receiving. The building provides private parking in the back that could create extra income. The new owner can possibly add laundry facilities on the lower level to increase building income. Don't miss this opportunity to Invest in a thriving rental market. Call today for your private showing!
  1. Listed by Jar'neen Towns • Towns & Associates

Property Details for 14043 South School Street

Area
Riverdale
Zoning
MULTI

Location

Listing Courtesy of Towns & Associates
Add your commute
LISTING UPDATED: 04/22/2024 12:07 AM

Property Details for 14043 South School Street

StatusActive
MLS #12030537
Days on Market15
Taxes$17,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1963
Lot Size0.12 AC / 5,016 SF
CountyCook County

Location

Listing Courtesy of Towns & Associates
Add your commute

Building Information for 14043 South School Street

Stories-Residences6Year Built1963Building Size-Lot Size0.12 AC / 5,016 SF

Payment Calculator

$3,048 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,632

Property Taxes

$1,417

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14043 South School Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
  • Open Parking Spaces: 6.0
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve, Window Unit(s)
  • Heat/Ventilation: Gas
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 5125
  • Lot Size Square Feet: 5016.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Foundation Details: Brick/Mortar
  • Building Area Total: 4725
  • Lot Size Source: Other
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 6
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,100.00
  • Fuel Expense: $5,340.00
  • Gross Income: $69,600.00
  • Gross Scheduled Income: $69,600.00
  • Insurance Expense: $3,600.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Janitor Expense: 1500
  • Total Monthly Income: 5800
  • Water Expense Source: Broker Projection
  • Net Operating Income: $32,350.00
  • Operating Expense: $37,250.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $4,300.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 5
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 14043 South School Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 14043 South School Street

Taxable ValueLand$1,921Additions$14,553Total$16,474
Tax Record2022$15,886 ($1,324 / month)
Home Facts
Baths6Total Finished SqFt4,725 SqFtAbove Grade Finished SqFt4,725 SqFtStories2Lot Size5,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyCOOKAPN29-04-111-032

Schools near 14043 South School Street

This home is within Thornton Twp Hsd 205 School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Riverdale School
PublicK to 4

Washington Elementary School
PublicK to 6

Washington Junior High School
Public7 to 8

Thornton Township High School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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14043 South School Street is a multi-family home for sale in Riverdale, IL 60827. This property was listed for sale on April 16, 2024 by Towns & Associates, it's currently listed at $299,000. It has been on the market for a total of 15 days and was last sold on December 23, 2020. This listing's school districts are Thornton Twp Hsd 205 School District, Dolton School District 148. Nearby schools include Riverdale School, Washington Elementary School and Washington Junior High School. 14043 South School Street is a 11-bed, 6-bath, multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Towns & Associates

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.