Property Overview

Interra Realty has been exclusively engaged to market for sale the multifamily property located at 8351 O'Connor Drive in River Grove, IL. The 6-unit walkup building features three (3) 1-bedroom and three (3) 2-bedroom units. The units are cooled via wall sleeve A/C units and heated with hot water baseboard heat. The property features common laundry facilities with one washer and dryer owned by the landlord and one storage locker per unit. There is also parking on-site with a two-car garage and five (5) surface parking spaces.

The property is well-located in River Grove just off of Thatcher Avenue. Residents have easy access to Downtown Chicago via the River Grove Metra Station .3 miles away from the property. The Thatcher Woods Center also provides convenient retail and dining options within walking distance of the property.

Potential investors have the opportunity to acquire a well-located property with significant potential upside through rental increases.

Highlights

  • Well-Located River Grove Apartment Building
  • Desirable Unit Mix with 50% 2-Bed Apartments
  • Below Market Rents with Significant Potential Upside
  • On-Site Parking with Surface and Garage Spaces
  • Easy Access to Downtown Chicago via Metra Rail

Key Details

Sale Price
$900,000
Number of UNits
Six (6)
Submarket
River Grove, IL