13831 Illinois St Riverdale, IL 60827
- Commercial real estate
- 6,750 SF
- 0.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 13831 Illinois St
- Year built
- 1965
- Lot size
- 0.15 lot acres
- Property size
- 6,750 SF
- Property type
- Commercial real estate
Description
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.
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
- -87.6241
- Latitude
- 41.64346
