BEDS9
BATHS6 full
MLS#12675736
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 230
Property Description
Superb investment opportunity in the heart of Orland Park. Cap Rate of 6.7 and GRM of 10.3 Located on a quiet cul-de-sac, this fully leased four-unit building is an exceptional find for a savvy investor looking for immediate cash flow or an owner-occupant wanting to live rent-free while tenants pay the mortgage. The building features a massive owner's unit with 3 spacious bedrooms, 3 full bathrooms, and a fully finished basement-ideal for a primary residence or a premium rental. The other three units, feature 2-bedroom, 1-bathroom layouts. Tenants will love the convenience of the large private parking lot with ample space for residents and guests. The property has been meticulously maintained with numerous updates throughout the years, keeping capital expenditures low for the next owner. A full list of these updates is uploaded in the additional information section of the MLS. The location couldn't be better for tenant retention. It is just minutes from the Metra station for an easy commute, close to Orland Park's best shopping and dining, and situated in the highly desirable, top-rated Orland Park school district. This is a rare, turnkey building in a premium South Suburb market that checks every single box for portfolio growth. Schedule your walkthrough today before it's gone. LIVE, INVEST, ENJOY!
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Heating: Natural Gas, Baseboard
Home Style: Traditional
Lot Size: 0.31 Acres
Roof Type: Asphalt
Taxes: $11,495
Year Built: 1971
Feature Descriptions
Additional Structures: Shed(s)
Exterior: Brick
Lot: Cul-De-Sac
Lot Dimensions: 60 x 122 x 72 x 92 x 115
Other Equipment: CO Detectors
Parcel#: 27092130340000
Parking: Assigned, Off Street, Yes, Owned
Sewer: Public Sewer
Total Rooms: 20
Township: Orland
Water: Lake Michigan
Local Schools
School District: District 230
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Real Estate Group
Agency Phone: 708-301-4700
Shown By
Agent Name: Karen Barbagallo
Agent Phone: (815) 988-5577
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 5,066.32 per month $3,860.51 Principal & Interest $957.92 Property Tax $247.89 Homeowner's InsuranceChange Payment Information
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9761 Ravinia Lane | MLS# 12675736
This multi-family property located at 9761 Ravinia Lane , Orland Park, IL 60462 is currently listed for sale with an asking price of $849,900. Ravinia Lane is located within the District 230 school district. Search Orland Park real estate on kbarbagallo.gogambino.com today.