Bought with Goldbay Advisors Inc.
$1,380,000
$1,450,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
175 S River Road Des Plaines, IL 60016
10,800 SqFt
Key Details
Sold Price $1,380,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $127
MLS Listing ID 10136242
Year Built 1928
Annual Tax Amount $14,481
Tax Year 2016
Property Sub-Type Multi Family 5+
Property Description
Ideal opportunity for an investor to acquire a 16 unit, California style apartment building, with strong in place rental cash flow and upside value add potential. The building is 100% occupied. The unit mix features all 1 bedroom and 1 bathroom units. Many recent improvements including fully remodeled units with vinyl plank flooring, bathroom upgrades with tile surround, new cabinets, stainless appliances and granite counters. On site laundry (leased 50/50 split) 1 to 1 parking ratio IMPROVEMENTS: New windows (2017) New roof with down spot and scupper box (2018) Gravel parking lot (2017) New stairways (2017) Exterior paint (2017) Exterior LED lighting (2017)
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Exterior
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Structure Type Brick,Concrete
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