10601 South 81st Court

Palos Hills, IL 60465

$599,000
Price
8
Beds
3
Baths
2
1/2 Baths
3,474 Sq. Ft.
$172 / Sq. Ft.
3,474
Sq. Ft.
$172
per Sq. Ft.

Description

Seize this unique chance to own a 3-unit building in this charming neighborhood of Palos Hills! Ideal for investors and aspiring homeowners alike, this income-generating property offers both lucrative investment potential and the opportunity for owner occupancy. All-brick construction ensures durability and low maintenance. Includes a 3-car detached garage for secure parking. 1st and 2nd floor units boast 3 spacious bedrooms, 1.5 bathrooms, large eat-in kitchens, and separate dining areas. Private...Seize this unique chance to own a 3-unit building in this charming neighborhood of Palos Hills! Ideal for investors and aspiring homeowners alike, this income-generating property offers both lucrative investment potential and the opportunity for owner occupancy. All-brick construction ensures durability and low maintenance. Includes a 3-car detached garage for secure parking. 1st and 2nd floor units boast 3 spacious bedrooms, 1.5 bathrooms, large eat-in kitchens, and separate dining areas. Private balconies for relaxation and fresh air too. Garden unit features 2 bedrooms, 1 full bathroom, kitchen, and large living room. Common area laundry room equipped with 2 washers and 2 dryers. Building is surrounded by residential homes. Situated in an area known for excellent schools. This building has been very well maintained. Large yard for resident's use. This well-maintained property offers tenants the best of both worlds, apartment living with the comfort of a private garage and yard. Don't miss out on this exceptional opportunity to invest in a thriving community!
  1. Listed by Mike McCatty • Century 21 Circle
  2. Listed by Andrew McCatty • Century 21 Circle

Property Details for 10601 South 81st Court

Area
Palos Hills
Township
Palos
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Parking Spaces
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI
LISTING UPDATED: 11/05/2024 12:07 AM

Property Details for 10601 South 81st Court

StatusActive
MLS #12193913
Days on Market9
Taxes$11,077 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1974
Lot Size0.20 AC / 8,712 SF
CountyCook County

Building Information for 10601 South 81st Court

Stories-Residences3Year Built1974Building Size-Lot Size0.20 AC / 8,712 SF

Property Information for 10601 South 81st Court

General Information
School Information
  • Elementary School District: 117
  • Elementary School: Oak Ridge Elementary School
  • Jr High Middle School: H H Conrady Junior High School
  • High School District: 230
  • High School: Amos Alonzo Stagg High School
  • 2nd Alternate Elementary School: Sorrick Elementary School
  • Middle Or Junior School District: 117
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 16
  • Bedrooms (Below Grade): 0
  • Community Features: Street Paved
  • Bath Amenities: Soaking Tub
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 8
  • Basement Description: Finished, Other
  • # Full Baths in Building: 3
  • # Half Baths in Building: 2
  • Room Type: Kitchen, Enclosed Balcony
  • Num of Baths: 3.2
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
Property/Lot Information
  • Exterior Property Features: Patio
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 41-50 Years
  • Lot Description: Corner Lot
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 63 X 132 X 64 X 133
  • Total # Units in Building: 3.0
  • Other Structures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 1
  • Document Date: 2024-10-30T02:15:28
  • Photos Count: 43
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $60,360.00
  • Insurance Expense: $1,277.00
  • Insurance Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Net Operating Income: $44,078.00
  • Trash Expense: $1,276.00
  • Water Sewer Expense: $2,652.00
Unit 1
  • Unit Type Actual Rent: $1,755.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 09/25
Unit 2
  • Unit Type Actual Rent: $1,875.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 10/26
Unit 3
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 02/25

Property History for 10601 South 81st Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10601 South 81st Court

Taxable ValueLand$6,149Additions$25,774Total$31,923
Tax Record2022$11,649 ($971 / month)
Home Facts
Baths3Total Finished SqFt2,990 SqFtAbove Grade Finished SqFt2,990 SqFtStories2Lot Size9,110 SqFtStyleMulti-Family Res (5+ Units)Year Built1973CountyCOOKAPN23-14-215-001

Schools near 10601 South 81st Court

This home is within North Palos School District 117.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Dr Kenneth M Sorrick School
PublicPK to 1

Oak Ridge Elementary School
Public2 to 5

H H Conrady Jr High School
Public6 to 8

Amos Alonzo Stagg High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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10601 South 81st Court is a multi-family home for sale in Palos Hills, IL 60465. This property was listed for sale on October 30, 2024 by Century 21 Circle, it's currently listed at $599,000. It has been on the market for a total of 9 days and was last sold on May 31, 2019. This listing's school districts are North Palos School District 117, Cons Hsd 230 School District. Nearby schools include Dr Kenneth M Sorrick School, Oak Ridge Elementary School and H H Conrady Jr High School. 10601 South 81st Court is a 8-bed, 4-bath, 3,474 sqft multi-family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Circle

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/05/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.