440 Roberts Drive

Glenwood, IL 60425

$1,350,000
Price
24
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

436-40 Roberts Dr., is a a unique investment opportunity in the charming community of Glenwood, Illinois. This well-maintained 12-unit building offers consistent rental income with all units featuring a spacious and comfortable layout. Generous living spaces with ample natural light and closet space, well-appointed and functional, ensuring convenience for tenants. Close in proximity to S. Halsted St., the primary N/S arterial road through the South Chicagoland suburbs. Averaging 21,100 vehicles per...436-40 Roberts Dr., is a a unique investment opportunity in the charming community of Glenwood, Illinois. This well-maintained 12-unit building offers consistent rental income with all units featuring a spacious and comfortable layout. Generous living spaces with ample natural light and closet space, well-appointed and functional, ensuring convenience for tenants. Close in proximity to S. Halsted St., the primary N/S arterial road through the South Chicagoland suburbs. Averaging 21,100 vehicles per day, S. Halsted St. provides the community with a variety of local and big box retailers, commercial goods/services, and much more. Adjacent to this property is a concerted effort to redevelop Glenwood's commercial corridor. A reputable bedroom community, Glenwood is ideal for those seeking an expedient commute to the city, and the surrounding Chicagoland area. Whether you're an experienced investor looking to expand your portfolio or someone seeking a solid income-generating property, this 12-unit building in Glenwood is a fantastic opportunity. Don't miss your chance to own a piece of this thriving community. Contact us today to schedule a viewing and explore the potential of this promising real estate investment!
  1. Listed by Yakov Dvora • Berkshire Hathaway HomeServices Chicago

Property Details for 440 Roberts Drive

Area
Glenwood
Zoning
MULTI
LISTING UPDATED: 10/24/2024 12:07 AM

Property Details for 440 Roberts Drive

StatusActive
MLS #12140416
Days on Market78
Taxes$39,407 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Condo/Townhouse
Year Built1974
Lot Size0.55 AC / 24,000 SF
CountyCook County

Building Information for 440 Roberts Drive

Stories2Residences12Year Built1974Building Size-Lot Size0.55 AC / 24,000 SF

Property Information for 440 Roberts Drive

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • # Of Washers: 2
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Dryers: 2
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Condo/Townhouse
  • Lot Dimensions: 200 X 120
  • Lot Size Square Feet: 24000.0
  • Stories: 2
  • Building Area Total: 12000
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2024-09-04T14:40:01
  • Photos Count: 6
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $882.00
  • Fuel Expense: $2,637.00
  • Gross Income: $168,391.00
  • Gross Scheduled Income: $168,391.00
  • Insurance Expense: $5,829.00
  • Maintenance Expense: $7,850.00
  • Manager Expense: $7,731.00
  • Total Annual Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Total Monthly Income: 14920
  • Net Operating Income: $97,081.00
  • Operating Expense: $71,309.00
  • Other Expense: $.00
  • Trash Expense: $3,272.00
  • Water Sewer Expense: $4,527.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 12
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 440 Roberts Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 440 Roberts Drive

Taxable ValueLand$821Additions$4,395Total$5,216
Tax Record2022$3,087 ($257 / month)
Home Facts
Beds2Baths1Lot Size24,153 SqFtStyleCondominiumYear Built1967CountyCOOKAPN32-04-100-043-1010

Schools near 440 Roberts Drive

This home is within Homewood Flossmoor Chsd 233 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Willow School
PublicPK to 2

Winston Churchill School
Public3 to 5

James Hart School
Public6 to 8

Homewood-Flossmoor 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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440 Roberts Drive is a multi-family home for sale in Glenwood, IL 60425. This property was listed for sale on September 4, 2024 by Berkshire Hathaway HomeServices Chicago, it's currently listed at $1,350,000. It has been on the market for a total of 78 days and was last sold on March 3, 2010. This listing's school districts are Homewood Flossmoor Chsd 233 School District, Homewood School District 153. Nearby schools include Willow School, Winston Churchill School and James Hart School. 440 Roberts Drive is a 24-bed, 12-bath, 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 Berkshire Hathaway HomeServices Chicago

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 10/24/2024 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.