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Listed by Greg Muchaof Coldwell Banker Real Estate Group
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Est. payment /mo
New
9761 Ravinia LN Orland Park, IL 60462
9 Beds
0.31 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12675736
Style Traditional
Bedrooms 9
Year Built 1971
Annual Tax Amount $11,495
Tax Year 2024
Lot Size 0.310 Acres
Lot Dimensions 60 x 122 x 72 x 92 x 115
Property Sub-Type Two to Four Units
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!
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Baseboard
Fireplace N
Exterior
Exterior Feature Balcony
View Y/N true
Roof Type Asphalt
Building
Lot Description Cul-De-Sac
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 135, 135, 230
Others
Ownership Fee Simple
Special Listing Condition None
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