Property profile

13831 Illinois St Riverdale, IL 60827

OFF-MARKET
Commercial real estate
Property ID
US28-0706348
6,750 SF 0.15 ac lot Built 1965
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Year built 1965
Total area 6,750 SF
Lot 0.15 ac (6,534 SF)
UPID US28-0706348

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13831 Illinois St Riverdale, IL 60827
Riverdale metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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