14043 School St Riverdale, IL 60827
- Commercial real estate
- 4,725 SF
Current Use by Public Records
- Commercial real estate
Property Details for 14043 School St
- Year built
- 1963
- Property size
- 4,725 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverdale
- County
- Cook
- State
- Illinois
- Longitude
- -87.62905
- Latitude
- 41.63923
