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    13831 Illinois St Riverdale, IL 60827

    Sponsored
    For Sale
    $180,000

    Six-unit building, great rental income.

    Property size:
    6,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This well-maintained six-unit apartment building located at 13831 S Illinois Street, Riverdale, IL presents a compelling investment opportunity. The property boasts a total of 6,750 square feet situated on a 0.15-acre lot. The unit mix consists of two one-bedroom apartments and four two-bedroom apartments, providing a diverse rental portfolio. Each unit benefits from separate electric meters and a shared boiler system, offering efficient utility management. Tenant convenience is enhanced by a dedicated utility/laundry room and a secure storage room. Ample parking is available for residents, with gravel parking areas located on both the side and rear of the building. The property is priced at $180,000 and offers immediate rental potential, making it an attractive option for investors seeking a stable and cash-flowing asset in the Riverdale market. The building's solid construction and desirable unit mix contribute to its strong potential for long-term appreciation and consistent rental income. This is a turnkey investment ready for a new owner to step in and begin generating revenue. The property's location in Riverdale, IL provides easy access to local amenities and transportation routes.

    Property Features for 13831 Illinois St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,750 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Cook
    State
    Illinois
    Longitude
    -87.6241
    Latitude
    41.64346

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit building, great rental income.
    Where is this commercial real estate located?
    The property is located at 13831 Illinois St Riverdale, IL.
    What is the asking price?
    The asking price for this property is $180,000.
    (708) 798-1111
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    13831 Illinois St Riverdale, IL 60827
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    Riverdale, IL 60827
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13831 Illinois St Riverdale, IL 60827
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