8355 O Connor Drive
8355 O Connor Drive
$870,000
9
6
—
—
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Closed 3/28/24
Description
Amazing investment opportunity! This all masonry 6-unit rental building is located in the highly coveted neighborhood of River Grove. It has spacious 3 units with 2 Bed/ 1 bath and 3 units with - 1 Bed/ 1 bath. Perfectly located on a quiet residential street, close to Metra Station and stores. Great opportunity for an investor with lots of rental comps in the area starting at $1,100 for 1 Bed/ 1 Bath (new development starting at $1,600) and $1,350 for 2 bed/ 1 Bath (new development starting at $2,100)....Amazing investment opportunity! This all masonry 6-unit rental building is located in the highly coveted neighborhood of River Grove. It has spacious 3 units with 2 Bed/ 1 bath and 3 units with - 1 Bed/ 1 bath. Perfectly located on a quiet residential street, close to Metra Station and stores. Great opportunity for an investor with lots of rental comps in the area starting at $1,100 for 1 Bed/ 1 Bath (new development starting at $1,600) and $1,350 for 2 bed/ 1 Bath (new development starting at $2,100). Windows were replaced 01/2018. Roof was replaced 6/2022. Coin laundry provides an additional income (approximately $350-$400 per month). 4-car garage parking (projected $150 per month rent) with plenty of storage space and lots of street parking. Private fenced yard with patio. Majority of the units are rented to a long time renters for a below market price (1 bed/ 1bath at $975- $1,200 and 2 bed/ 1bath - $1,000-$1,225). Current rental income is $6,600; after some TLC projects $9,300- $10,150 per month in rental income (over $120,000 in annual rental income). This property is perfect for an owner or investment property, offering everything you need for comfortable living. This is a true gem and won't last long on the market.
Property Details for 8355 O Connor Drive
Area
River Grove
TownshipLeyden
ZoningMULTI
Location
LISTING UPDATED: 03/29/2024 05:17 PM
Property Details for 8355 O Connor Drive
Status | Closed |
---|---|
MLS # | 11946938 |
Days on Market | 105 |
Taxes | $16,590 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Interior Entrance |
Year Built | 1969 |
Lot Size | 0.14 AC / 6,125 SF |
County | Cook County |
Location
Building Information for 8355 O Connor Drive
Stories-Residences6Year Built1969Building Size-Lot Size0.14 AC / 6,125 SF
Payment Calculator
$6,130 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8355 O Connor Drive
Property History for 8355 O Connor Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8355 O Connor Drive
Taxable ValueLand$6,431Additions$56,568Total$62,999
Tax Record2022$19,972 ($1,664 / month)
Home Facts
Baths6Total Finished SqFt4,914 SqFtAbove Grade Finished SqFt4,914 SqFtStories2Lot Size6,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1969CountyCOOKAPN12-26-206-049
Schools near 8355 O Connor Drive
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 Cyprian Elementary 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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