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18 E 137th St 6 Unit Apartment Building $420,000 ($70,000/Unit) Riverdale, IL 60827
Investment Highlights
- Turnkey investment with minimal near-term capital needs.
- Solid multi-family asset in an established Riverdale submarket.
- Delivered fully vacant, providing immediate lease-up flexibility.
- Strong value-add upside through stabilization and rent growth.
- Ability to establish market rents from day one.
Executive Summary
Completely rebuilt 6-unit multifamily property featuring extensive capital improvements with a strong focus on updated mechanical systems, including new plumbing, electrical, and modernized kitchen installations throughout. The property is currently fully vacant due to the recent full renovation, offering investors a rare lease-up opportunity with minimal near-term capital expenditure. This turnkey asset is well-positioned for stabilization and rental upside, making it an attractive value-add investment in the Riverdale market.
Property Facts
| Price | $420,000 | Building Class | C |
| Price Per Unit | $70,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 5,685 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2026 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 - Residential | ||
| Price | $420,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,685 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2026 |
| Opportunity Zone |
Yes |
| Zoning | R3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-33-409-022-0000 | Improvements Assessment | $25,778 |
| Land Assessment | $2,222 | Total Assessment | $28,000 |
Property Taxes
Parcel Number
25-33-409-022-0000
Land Assessment
$2,222
Improvements Assessment
$25,778
Total Assessment
$28,000
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18 E 137th St