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$227,000
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Property Description
Turn-Key 6-Unit Investment Opportunity in Riverdale! Don't miss this income-generating, fully occupied 6-unit property in the heart of Riverdale, Illinois. A smart addition to any investor's portfolio, this well-maintained building offers immediate cash flow and long-term potential. Four of the six units have been fully rehabbed, and major capital improvements have already been taken care of-including newly replaced copper water service lines, a hot water tank replaced within the last three years, and a brand-new roof installed in 2023. Each unit has its own furnace and window A/C unit, ensuring tenant comfort and operational efficiency.The building includes five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Common areas offer convenient storage and coin-operated laundry facilities, adding to tenant satisfaction and income potential. A remote-access surveillance camera system provides added security and peace of mind for owners and residents alike.With all six units currently leased, this property delivers instant equity and reliable rental income from day one. Seize this excellent opportunity to invest in a well-maintained, high-performing asset in a growing community
Full Property Details
Full Property Details for 14131 S Tracy Ave
General
- Sold For: $227,000
- Taxes: $15,942 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12361222
- Added to Site: 240 day(s) ago
Location
- Area: Riverdale
- County: Cook
- Driving Directions: From S Halsted, east to W 142nd, north to S Tracy. Building is on east side of street.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Utilities
- Water: Municipal Water
- Onsite: Sewer Connected
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1962
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- # Dryers: 1
Lot Features
- Lot Dimensions: 39 x 126
- Frontage: City Street, Public Road
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $21,806
- Assessment Year: 1962
- Tax Amount: $15,942.33
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 29041140490000
Listed by Redfin Corporation
Sold by Compass
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Schools
Schools serving 14131 S Tracy Ave
School Districts:Dolton School District 148, Thornton Township High School District 205
| Name | Grades | Distance |
|---|---|---|
Riverdale School 325 West 142nd Street, Riverdale, IL 60827 | K-4 | 0.1 mi |
Washington Elementary School, Riverdale, IL 13900 South School Street, Riverdale, IL 60827 | K-6 | 0.3 mi |
Washington Junior High School, Riverdale, IL 13900 South School Street, Riverdale, IL 60827 | 7-8 | 0.3 mi |
Thornton Township High School 15001 Broadway Avenue, Harvey, IL 60426 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14131 S Tracy Ave
Date
Details
Price
Change
Source
7/31/2025
Sold
$227,000
0.89%
MLS
5/20/2025
Listed
$225,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
14131 S Tracy Avenue, Riverdale, IL 60827 (MLS# 12361222) is a Commercial property that was sold at $227,000 on July 31, 2025. Want to learn more about 14131 S Tracy Avenue? Do you have questions about finding other Commercial real estate for sale in Riverdale? You can browse all Riverdale real estate or contact a Coldwell Banker agent to request more information.

