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7827 North Ave
River Forest, IL 60305
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Well Maintained Property in a Great River Forest Location
- Desirable Rental Market with Limited Supply in Immediate Area
- Easy Access Downtown Chicago via CTA Bus and Metra Rail
- Only One Change of Ownership Since Construction
- Ample Parking with Exterior and Garage Spaces
- Close Proximity to Local Retail, Schools, Universities, and Recreational Space
Executive Summary
Interra Realty has been exclusively engaged to market for sale the property located at 7827 West North Avenue in River Forest, IL. The property is a 9-unit building consisting of seven (7) 1 bed/1 bath units and two (2) 2 bed/1.5 bath units. The property also has a heated two-car garage and exterior parking with ten (10) spaces. The property has been well-maintained by current ownership, with capital improvements including new boiler and hot water tank, new electric breakers, and updating plumbing as needed.
The property is situated in a prime River Forest location on North Ave. The property is steps from the CTA bus and 1.4 miles away from the Elmwood Park Metra Station, allowing residents to easily commute or travel to downtown. Locally, they have access to retail and dining options along North Ave, as well as a bit further at River Forest Town Center. The property is also in close proximity to a number of schools, including Willard Elementary, Trinity High, Fenwick High School, Dominican University, and Concordia University. The neighborhood also borders the Thatcher Woods, offering plenty of space to enjoy the outdoors.
The property is situated in a prime River Forest location on North Ave. The property is steps from the CTA bus and 1.4 miles away from the Elmwood Park Metra Station, allowing residents to easily commute or travel to downtown. Locally, they have access to retail and dining options along North Ave, as well as a bit further at River Forest Town Center. The property is also in close proximity to a number of schools, including Willard Elementary, Trinity High, Fenwick High School, Dominican University, and Concordia University. The neighborhood also borders the Thatcher Woods, offering plenty of space to enjoy the outdoors.
Property Facts
| Price Per Unit | $177,778 | Building Class | C |
| Sale Type | Investment | Building Size | 7,127 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment |
| Price Per Unit | $177,778 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 7,127 SF |
| No. Stories | 3 |
| Year Built | 1964 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | - | - |
Property Taxes
| Parcel Number | 15-01-103-077-0000 | Improvements Assessment | $75,177 |
| Land Assessment | $10,416 | Total Assessment | $85,593 |
Property Taxes
Parcel Number
15-01-103-077-0000
Land Assessment
$10,416
Improvements Assessment
$75,177
Total Assessment
$85,593
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