8355 O Connor Drive

River Grove, IL 60171

$870,000
Last Sold Price
9
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.

Listing Agent

Sold By KOMAR

Property Details for 8355 O Connor Drive

Area
River Grove
Township
Leyden
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 03/29/2024 05:17 PM

Property Details for 8355 O Connor Drive

StatusClosed
MLS #11946938
Days on Market105
Taxes$16,590 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1969
Lot Size0.14 AC / 6,125 SF
CountyCook County

Location

Add your commute

Building Information for 8355 O Connor Drive

Stories-Residences6Year Built1969Building Size-Lot Size0.14 AC / 6,125 SF

Payment Calculator

$6,130 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,748

Property Taxes

$1,383

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8355 O Connor Drive

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces,Detached
  • Outdoor Parking: 1-5 Spaces,Parking-Street
  • 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
  • # Of Washers: 1
  • Heat/Ventilation: Central Heat/Indiv Controls,Hot Water
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 49 X 124
  • Lot Size Square Feet: 6125.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Building Area Total: 4914
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
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: $484.00
  • Fuel Expense: $3,469.00
  • Gross Income: $79,200.00
  • Gross Scheduled Income: $78,000.00
  • Insurance Expense: $2,100.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 6600
  • Water Expense Source: Broker Projection
  • Net Operating Income: $52,963.00
  • Operating Expense: $25,037.00
  • Other Expense: $.00
  • Trash Expense: $1,860.00
  • Water Sewer Expense: $4,388.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • 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: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 8355 O Connor Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

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.

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 03/29/2024 05:17 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.