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$449,000 Just Listed
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Property Description
Exceptional opportunity for INVESTORS seeking stable cash flow with built-in rental upside. This well-maintained 6-unit multifamily property has demonstrated nearly perfect occupancy for over 40 years, with only one single month of vacancy across all units during that entire time. Each unit features a 1 bed/1 bath layout with approximately 450 sq. ft of livable space + bathroom/storage. Roof was upgraded 6 years ago, water heater 3 years ago, common areas freshly painted 1 year ago. Current rents average $800 per unit, while comparable properties in the area suggest approximately $1,100 per unit, creating a clear value-add opportunity for INVESTORS looking to increase cash flow over time.
Full Property Details
Full Property Details for 60 E 138th St
General
- Price: $449,000
- Taxes: $9,205 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12588169
- Updated: 3/11/2026
- Added to Site: 2 day(s) ago
Location
- Area: Riverdale
- County: Cook
- Driving Directions: Head West on 138th over the train tracks, right across the street from S Michigan Ave. Parking spaces in the back of the unit off of an alley.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1961
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.07
- Lot Dimensions: 3125 sq. ft
Financial Considerations
- Insurance Fee: $2,600
- Assessment Year: 1961
- Tax Amount: $9,205
- Tax Year: 2024
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 29042060050000
Listed by Fathom Realty IL LLC
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Schools
Schools serving 60 E 138th St
School Districts:Dolton School District 148, Thornton Township High School District 205
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Riverdale, IL 13900 South School Street, Riverdale, IL 60827 | K-6 | 0.6 mi |
Washington Junior High School, Riverdale, IL 13900 South School Street, Riverdale, IL 60827 | 7-8 | 0.6 mi |
Thornton Township High School 15001 Broadway Avenue, Harvey, IL 60426 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 60 E 138th St
Date
Details
Price
Change
Source
3/10/2026
Listed
$449,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 60 E 138th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,476
6%
$10,999
33%
2022
$8,003
2%
$8,299
—
2021
$7,818
5%
$8,299
—
2020
$7,441
-28%
$8,299
-25%
2019
$10,367
4%
$10,995
—
2018
$9,924
5%
$10,995
—
2017
$9,479
26%
$10,995
17%
2016
$7,542
2%
$9,358
—
2015
$7,372
1%
$9,358
—
2014
$7,265
-3%
$9,358
-11%
2013
$7,517
5%
$10,458
—
2012
$7,171
—
$10,458
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 60 E 138th St
60 E 138th Street, Riverdale, IL 60827 (MLS# 12588169) is a Commercial property. 60 E 138th Street is currently listed for $449,000 and was received on March 10, 2026. Want to learn more about 60 E 138th Street? 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.

