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14043 School St Riverdale, IL 60827

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For Sale
$200,000

Twelve Units, High Occupancy, Cash Flowing

Property size:
4,725 SF

Property Features for 14043 School St

General Information

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

Building Details

Year Built
1963

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Listing Contact
Jar'neen Towns
Jar'neen Towns

Listing Agency: Towns & Associates Listing Agent: Jar'neen Towns

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

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.
More about this property
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