BEDS0
BATHS
MLS#12705965
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.13 Acres
Stories: 2.0
Taxes: $11,947
Year Built: 1960
Feature Descriptions
Current Use: Legal Non Conforming, Multi-Family
Electric: Circuit Breakers
Exterior: Brick
HVAC: Hot Water, Radiant
Lot Dimensions: 5700
Parcel#: 15272000570000
Tenant Pays: Air Conditioning, Electricity
Units: 5
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 773-482-1917
Shown By
Agent Name: Kathleen Davis
Agent Phone: (815) 978-0606
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 4,500.22 per month $3,293.18 Principal & Interest $995.58 Property Tax $211.46 Homeowner's InsuranceChange Payment Information
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2225 S 17th Avenue | MLS# 12705965
This multi-family property located at 2225 S 17th Avenue , North Riverside, IL 60546 is currently listed for sale with an asking price of $725,000. Search North Riverside real estate on kdavis.gogambino.com today.