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0 Beds

$725,000

2225 S 17th Avenue, North Riverside IL, 60546

Built in1960
Property typeMulti-family
Listed by Mike Wolson with Compass 312-388-8840

Overview

Under contract

Contingent

Listed Jul 20, 2026

Updated 2 days ago

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.

$4,823/mo

Est. mortgage payment based on a $725,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$11,947
Tax Frequency
Annually
MLS provider logo

Listed by Mike Wolson with Compass 312-388-8840

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Michelle Ward Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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