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    14043 School St Riverdale, IL 60827

    Sponsored
    For Sale
    $200,000

    Twelve Units, High Occupancy, Cash Flowing

    Property size:
    4,725 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents twelve spacious and updated rental units in Riverdale, Illinois, situated across two buildings at 14043 S School Street. Each building comprises six units, and both must be sold together for a total price of $200,000. Currently boasting 70% occupancy, these properties generate immediate cash flow, with potential for increased rental income. The units are well-maintained and offer ample space. Convenient private parking is available for tenants in the rear of the buildings. A significant value-add opportunity exists for the new owner to install laundry facilities in the lower level of the buildings, further enhancing profitability. The combined property encompasses 4,725 square feet and sits on a lot with no acreage specified. This is an ideal investment for those seeking a strong return in a thriving rental market. The properties are ready for immediate income generation, with the potential for significant future growth through rental increases and the addition of laundry facilities. Don't miss this chance to acquire a well-positioned multifamily portfolio in a desirable location. The properties are currently cash flowing, making this a compelling investment opportunity.

    Property Features for 14043 School St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,725 SF

    Building Details

    Year Built
    1963
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.62905
    Latitude
    41.63923

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    FAQs

    What type of property is this?
    Commercial real estate - Twelve Units, High Occupancy, Cash Flowing
    Where is this commercial real estate located?
    The property is located at 14043 School St Riverdale, IL.
    What is the asking price?
    The asking price for this property is $200,000.
    (773) 383-0054
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    14043 School St 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
    14043 School St Riverdale, IL 60827
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