8221 Enger Lane

River Grove, IL 60171

$790,000
Last Sold Price
11
Beds
6
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.

Listing Agent

  1. Ben Lalez

    Ben Lalez

    Listing Agent

    Compass

    ben.lalez@compass.com

    P: 312.789.4054

Sold By Berkshire Hathaway HomeServices Chicago

Property Details for 8221 Enger Lane

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

Location

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LISTING UPDATED: 08/19/2022 03:07 PM

Property Details for 8221 Enger Lane

StatusClosed
MLS #11420664
Days on Market49
Taxes$15,541 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1968
Lot Size0.15 AC / 6,750 SF
CountyCook County

Location

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Virtual Tour

Building Information for 8221 Enger Lane

Stories-Residences6Year Built1968Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$5,606 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,311

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
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Heat/Ventilation: Gas
  • Num of Baths: 6.0
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

This home is within River Grove School District 85-5.
Rating
School
Type
Grades
Distance
Public - PK to 8
Private - 9 to 12
Private - 9 to 12
Private - PK to 8
Rating
School
Distance
River Grove Elementary School
PublicPK to 8

Guerin Prep High School
Private9 to 12

Guerin College Prep High School
Private9 to 12

St. Francis Borgia 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 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.

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 08/19/2022 03:07 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.