8347 Oconnor Drive River Grove, IL 60171

Amazing investment opportunity for this 6-unit rental building. It has spacious 3 units with 2 Bed/ 1 bath and 3 units with - 1 Bed/ 1 bath. Perfectly located on a quiet residential street, close to Metra Station and stores. Great opportunity for an investor with lots of rental comps in the area starting at $1,000 for 1 Bed/ 1 Bath (new development starting at $1,600) and $1,400 for 2 bed/ 1 Bath (new development starting at $2,100). Some units have updated bathrooms, HW floors, newer range/ fridge and window AC units; boiler (2019). 2 bedroom/ 1 bathroom unit on the second floor has been fully updated, kitchen and bath (2019) featuring custom cabinets, SS appliances, granite counters and hardwood flooring. Coin laundry provides an additional income. Outdoor parking is located in the back for each unit and plenty of street parking. Private fenced yard with patio. Majority of the units are rented to a long time renters for a below market price (1 bed/ 1bath at $700 and 2 bed/ 1bath - $1,100); majority of units need to be renovated. Requires a new roof and window replacement. Seller is currently renegotiating several leasing agreements and after some TLC projects $7,500 per month in rental income ($90,000 in annual rental income). Property taxes have been appealed and lowered.This property is perfect for an owner or investment property, offering everything you need for comfortable living. This is a true gem and won't last long on the market.