$ 725,000
-
$725,000
Price -
0.13
Acre
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About the Listing 27033 - 247228,99999
Rare value-add multifamily opportunity in North Riverside featuring five two-bedroom, one-bath units, each with two dedicated parking spaces. The property has been owned and occupied by long-term tenants, providing an investor with immediate in-place income and a clear opportunity to create additional value through renovation, deferred maintenance improvements, and active asset management. Current rents range from $900 to $1,100 per month, with market rents estimated at approximately $1,600 per month following renovation. Each unit presents an opportunity for modernization and repositioning, allowing a new owner to improve the asset, capture rental upside, increase operating income, and enhance long-term value. With ten on-site parking spaces and a straightforward five-unit configuration, this property offers an attractive opportunity for investors seeking a manageable multifamily investment with meaningful upside potential through targeted improvements and lease repositioning.
Listing Highlights for 2225 S 17th Ave
Interior Details
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Hot Water,Radiant
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 5700
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $11,947
- Taxes w/Assessments: N/A
- Tax/Property ID: 15272000570000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2225 S 17th Ave North Riverside, IL 60546
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