8221 Enger Lane

River Grove, IL 60171

$820,000
Price
3
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Come see this oversized six-unit apartment building located in River Grove! The unit mix is comprised of one one-bedroom / one-bathroom unit (approximately 750 square feet) and five two-bedroom / one- bathroom units (approximately 875 and 900 square feet). Select units have been renovated with cherry kitchen cabinets, formica countertops, tile and hardwood flooring, bathroom vanities and shower tiling. In the last eight years, the buildings received various capital improvements including new windows...Come see this oversized six-unit apartment building located in River Grove! The unit mix is comprised of one one-bedroom / one-bathroom unit (approximately 750 square feet) and five two-bedroom / one- bathroom units (approximately 875 and 900 square feet). Select units have been renovated with cherry kitchen cabinets, formica countertops, tile and hardwood flooring, bathroom vanities and shower tiling. In the last eight years, the buildings received various capital improvements including new windows throughout, tear-off roof, exterior doors and a repaved parking lot. Additionally, the property features an owner's work room, on-site laundry facility, bill to coin change machine, six parking spaces, and storage shed. River Grove is a village in Cook County, located approximately 15 miles northwest of the downtown Chicago Loop, with convenient access to Route 171. Public transportation is readily available at the River Grove and Elmwood Park Metra stations, located approximately one mile south of the subject property. Additionally, PACE bus stops are conveniently located along Cumberland Avenue, Belmont Avenue and Grand Avenue. For domestic and international traveling purposes, O'Hare International Airport is approximately six miles northwest of the asset. This opportunity allows for a new investor the ability to acquire an oversized building with various capital improvements located in a desirable River Grove rental neighborhood. A new investor can increase cashflow by bringing rents to market through continual unit renovations, as well as implementing pay-to-park for the six parking spaces.

Property Details for 8221 Enger Lane

Area
River Grove
Township
Leyden
Num Of Parking Spaces
6.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 06/29/2022 10:40 AM

Property Details for 8221 Enger Lane

StatusContingent
MLS #11420664
Days on Market36
Taxes$15,541 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1968
Lot Size-
CountyCook County

Location

Add your commute

Virtual Tour

Listing Agents

  1. Ben Lalez

    Ben Lalez

    Listing Agent

    Compass

    ben.lalez@compass.com

    P: 312.789.4054

Building Information for 8221 Enger Lane

Stories-Residences6Year Built1968Building Size-Lot Size-

Payment Calculator

$4,370 per month

30 year fixed, 3.85% Interest

Principal and Interest

$3,075

Property Taxes

$1,295

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8221 Enger Lane

General Information
    Location and General Information
  • Information: 48-Hr Notice Required
Property Information
    Interior Features
  • Air Conditioning: Central Air
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
    Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 0.15
  • Lot Size Square Feet: 6750.0
  • Stories: 3
  • Building Area Total: 6615
    Property and Assessments
  • Public Document Count: 0
  • Photos Count: 5
    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: $331.00
  • Fuel Expense: $4,004.00
  • Gross Income: $77,730.00
  • Gross Scheduled Income: $77,730.00
  • Insurance Expense: $2,428.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 2264
  • Net Operating Income Year: 2021
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 6365
  • Water Expense Source: Actual
  • Net Operating Income: $52,181.00
  • Operating Expense: $25,549.00
  • Other Expense: $900.00
  • Trash Expense: $1,095.00
  • Water Sewer Expense: $2,150.00
    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 8221 Enger Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 8221 Enger Lane


SchoolTypeGradesDistanceRating
Guerin Prep High SchoolPrivate9-120.2 mi
NR
Guerin College Prep High SchoolPrivate9-120.2 mi
NR
River Grove Elementary SchoolPublicPK-80.6 mi
7
St. Francis Borgia SchoolPrivatePK-90.6 mi
NR

Guerin Prep High School

9-12, 0.2 mi, Private

NR

Guerin College Prep High School

9-12, 0.2 mi, Private

NR

River Grove Elementary School

PK-8, 0.6 mi, Public

7

St. Francis Borgia School

PK-9, 0.6 mi, Private

NR

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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