2225 S 17th AVE, North Riverside, IL 60546
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2225 S 17th AVE, North Riverside, IL 60546
2225 S 17th AVE, North Riverside, IL 60546
2225 S 17th AVE, North Riverside, IL 60546
2225 S 17th AVE, North Riverside, IL 60546

$695,000

Est. payment /mo

$725,000

4.1%
Est.Price: ?

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2225 S 17th AVE North Riverside, IL 60546

5,662 Sqft Lot

SOLD DATE : 10/16/2026

Key Details

Sold Price $695,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12705965

Sold Date 10/16/26

Year Built 1960

Annual Tax Amount $11,947

Tax Year 2024

Lot Size 5,662 Sqft

Lot Dimensions 5700

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Cook

Area North Riverside

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Mike Wolson of  Compass 
Bought with Non Member of NON MEMBER
THANH TRAN

THANH TRAN

REALTOR

+1(773) 517-2107

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