14047 South School Street

Riverdale, IL 60827

$200,000
Last Sold Price
11
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a fantastic investment opportunity! This solid, 6-unit brick apartment building boasts a well-maintained exterior, featuring newer windows and a recently replaced main sewer line. Set on a prime corner lot, this two-and-a-half story, turn-key property is ready for new ownership. Comprising five spacious 2BR/1BA apartments and one 1BR/1BA apartment, each unit offers comfortable living space and modern amenities. Tenants will appreciate the on-site parking provided, making this an even...Introducing a fantastic investment opportunity! This solid, 6-unit brick apartment building boasts a well-maintained exterior, featuring newer windows and a recently replaced main sewer line. Set on a prime corner lot, this two-and-a-half story, turn-key property is ready for new ownership. Comprising five spacious 2BR/1BA apartments and one 1BR/1BA apartment, each unit offers comfortable living space and modern amenities. Tenants will appreciate the on-site parking provided, making this an even more attractive investment. Don't miss your chance to secure a piece of Riverdale's thriving rental market with this exceptional income-generating property. Schedule a private showing today and envision the growth potential this excellent investment offers!
  1. Listed by Mina Pribic • Crosstown Realtors, Inc.
  2. Listed by Kelsey Domina • Crosstown Realtors, Inc.

Sold By Real People Realty

Property Details for 14047 South School Street

Area
Riverdale
Township
Thornton
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 04/29/2024 02:14 PM

Property Details for 14047 South School Street

StatusClosed
MLS #11964183
Days on Market101
Taxes$15,486 / 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

Add your commute

Building Information for 14047 South School Street

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

Payment Calculator

$2,382 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,091

Property Taxes

$1,291

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14047 South School Street

General Information
Addtl Parking Information
  • Outdoor Parking: Parking-Street
  • Open Parking Spaces: 4.0
Location and General Information
  • Frontage Type: City Street
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Heat/Ventilation: Hot Water
  • # Of Window/Ac: 0
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Utilities / Equipment
  • Utilities: Septic-Private
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 123.7 X 38.2 X 123.4 X 38.3
  • Lot Size Square Feet: 5016.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Fire Protection: None
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 4725
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 3
  • Document Date: 2024-01-29T20:41:30
  • Photos Count: 8
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Lighting/Exterior,Sidewalks
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: $240.00
  • Fuel Expense: $5,000.00
  • Gross Income: $63,120.00
  • Gross Scheduled Income: $63,120.00
  • Insurance Expense: $3,600.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Total Monthly Income: 5260
  • Water Expense Source: Broker Projection
  • Net Operating Income: $28,712.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $5,100.00
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 Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Baths Total: 1
  • 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 14047 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 14047 South School Street

Taxable ValueLand$1,881Additions$14,557Total$16,438
Tax Record2022$15,852 ($1,321 / month)
Home Facts
Baths6Total Finished SqFt4,725 SqFtAbove Grade Finished SqFt4,725 SqFtStories2Lot Size5,016 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyCOOKAPN29-04-111-033

Schools near 14047 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.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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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 Crosstown Realtors, Inc.

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. Based on information submitted to the MLS GRID as of 04/29/2024 02:14 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.