14101 School St Riverdale, IL 60827
- Commercial real estate
- 36,288 SF
Current Use by Public Records
- Commercial real estate
Property Details for 14101 School St
- Year built
- 1960
- Property size
- 36,288 SF
- Property type
- Commercial real estate
Description
This distressed, 100% vacant, multifamily portfolio presents a compelling value-add opportunity in Riverdale, Illinois. Comprising three adjacent buildings totaling 36,288 square feet (33,650 net rentable), the property consists of 19 one-bedroom/one-bathroom and 17 two-bedroom/one-bathroom units. Located at 14044 S. Atlantic Ave, 14101 S. School St, and 14044 S. School St, in Cook County, the portfolio offers significant upside potential. Built in 1960, the buildings are classified as Class C and are currently vacant, allowing for substantial renovations and repositioning. The largest building, at 14044 S. School St, encompasses approximately 15,900 square feet, with each floor featuring around 5,300 square feet and an average of four units. Unit sizes range from 1,000 to 1,200 square feet. The asking price is $950,000, translating to $26.18 per square foot and $26,389 per unit. This portfolio is ideal for an investor seeking a significant value-add project with the potential for substantial rental income growth after renovations. The property's strategic location and the potential for unit conversions (e.g., converting one-bedroom units into two-bedroom units) further enhance its investment appeal. This is a rare chance to acquire a sizable multifamily property in a desirable location at a competitive price.
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
- -87.62919441
- Latitude
- 41.63898787
