9761 Ravinia Lane Orland Park, IL 60462

Priced at $849,900

Listing Details

  • $849,900
  • MLS# 12675736
  • Type Multi Unit - Multiple
  • Status New
  • 9
    Bedrooms
  • 6 full
    Bathrooms
  • 0.310 acres
    Lot Size
  • 1971
    Year Built
  • District 230
    Local Schools

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...read more 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 couldnt be better for tenant retention. It is just minutes from the Metra station for an easy commute, close to Orland Parks 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 its gone. LIVE, INVEST, ENJOY!

Features

  • Natural Gas, Baseboard
  • $11,495 Taxes
  • Lake Michigan
  • Built in 1971
View All Features

Contact the Listing Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Additional Structures: Shed(s)
  • Basement: Finished, Full
  • Basement: Yes
  • Exterior: Brick
  • Heating: Natural Gas, Baseboard
  • Home Style: Traditional
  • Lot Description: Cul-De-Sac
  • Lot Dimensions: 60 x 122 x 72 x 92 x 115
  • Lot Size: 0.31 Acres
  • Other Equipment: CO Detectors
  • Parcel#: 27092130340000
  • Parking: Assigned, Off Street, Yes, Owned
  • Roof Type: Asphalt
  • Sewer: Public Sewer
  • Taxes: $11,495
  • Total Rooms: 20
  • Township: Orland
  • Water: Lake Michigan
  • Year Built: 1971